Are you using a hardware wallet for your coins?

mainthread

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Quote from: 01BTC on January 29, 2018, 03:32:59 AM

I see many talking on this and also talks about the exchanges that are not that safe ...

To me , for my 200$ funds

) , let's say I will recover but when u're growing and have x1000 more that could mean something.

are you having one of this?

When I started, I did not buy the hardware wallet immediately. A little later I realized that this is a necessary thing for success. Agree, this is a terrible feeling, when you even stole the little money that you earned. I advise everyone to buy this wallet for the first $ 100 earned.

AleksandrKosov

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Quote from: 01BTC on January 29, 2018, 03:32:59 AM

I see many talking on this and also talks about the exchanges that are not that safe ...

To me , for my 200$ funds

) , let's say I will recover but when u're growing and have x1000 more that could mean something.

are you having one of this?

Yes, I use the wallet for Neo, BitShares, Waves. I hold on to them those coins that I have for the long term.

bug.lady

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Quote from: pawanjain on January 29, 2018, 09:07:15 AM

I personally don't have a Ledger Nano but would really like to have one. People say so because the ledger nano is considered as the safest among any of the options available. Exchanges on the other hand are not considered safe because it is their owners who are handling our accounts and it is them who are owning the private keys of our wallets. Anyone who owns the private key owns the coins. So it is them who are holding our coins whereas we own the private keys ourselves in the ledger nano.

These are all valid points. However, please consider that there are exchanges or online wallets that allow you to be the owner of your private keys. In such a case you can use your hardware wallet to store the keys for an online wallet. As the keys never leave the device, it is perfectly safe and secure

Also, if the exchange you choose doesn't allow you to store your private keys on a hardware wallet, you can still use a hardware wallet as a 2FA device. It is considered MUCH safer than using a phone as 2FA. You see, it is extremely easy to hack a phone and extremely hard to hack a hardware wallet.

So this way or that way - a hardware wallet is the way to go

pawanjain

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I personally don't have a Ledger Nano but would really like to have one. People say so because the ledger nano is considered as the safest among any of the options available. Exchanges on the other hand are not considered safe because it is their owners who are handling our accounts and it is them who are owning the private keys of our wallets. Anyone who owns the private key owns the coins. So it is them who are holding our coins whereas we own the private keys ourselves in the ledger nano.

-Redacted-

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Quote from: 01BTC on January 29, 2018, 03:32:59 AM

I see many talking on this and also talks about the exchanges that are not that safe ...

To me , for my 200$ funds

) , let's say I will recover but when u're growing and have x1000 more that could mean something.

are you having one of this?

I think it's the safest the hardware wallet bcz all-important private keys are maintained in a secure offline environment. Also they fully protected even should the device be plugged into a malware-infected computer. Hardware wallet can't be stolen, lost or damaged either thanks for secret backup code, you can always retrieve your coins.

bramgg.crypto

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Grow with the flow.

Since I'm HODLing just about every crypto I have, I think it will be a good investment for me, just to be on the safe side. I will get a Ledger Nano S in time, but now I stick with the Desktop wallets and MEW for ERC20 tokens. But as soon as my portfolio grows a bit, I will invest in a hardware wallet.

trudovik

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Well, when I can earn at least 0.5 BTC, then probably I will think about buying some kind of tool for storing BTC or other currencies, but for now all this is unjustified expenses. So just work on the guys.

roganite

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Personally I use one, because I am getting more and more crypto.

I think if you plan to stay in this sphere and make some money, I would advise it.

sunX3

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Do you guys think how safe a wallet is really matters?

Or is it more important to keep your pc/laptop safe from keyloggers, etc?

Blas

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I am holding long term investments and keep them in hardware wallet. This is the best and the safest way to keep it if you don't use every day for trading.

Mr.Smithers

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I can highly recommend both Trezor wallet and Ledger wallet. They are interoperational, that is you may initiate any of them with the use of your 24-word backup - so you are not getting into a vendor lock with your funds.

Also, they are both very secure. There has been a vulnerability in Trezor, but for all I know it is no longer there.

They can pair with Electrum wallet or with MyEtherWallet, so the level of protection you get with those non-native wallets is high too.

So if you have any serious amount of money, I really recommend to protect them with a hardware wallet. The cost is really not that great for the protection and security level it gives.

Just a word of caution though. Read that account: https://np.reddit.com/r/ledgerwallet/comments/7obot7/all_my_cryptocurrency_stolen/
So you should ALWAYS buy it from the original vendor: buy Ledger from Ledger and Trezor from Trezor, don't fall victim will all your funds with smallish rabates offerred on eBAY.

residivis

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I also experienced the same thing but I get it from another altcoin!

Alfarizi

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if you already have enough assets it is better to use hardware wallets so that all the assets we have in a safe and away from theft

kanmo

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Using hardware wallet is the best thing to do when you have digital assets. I also ordered trezor wallet some months back to store my digital assets.

sujeewacrypto

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the best thing is put your coins in hardware wallet. but it's depend on how much cash in your hand. As at beginners, we can hold coins in exchanges and then on offline wallet. If it's huge, then we can go to hardware wallet.

Kolokoy

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Quote from: 01BTC on January 29, 2018, 05:19:14 AM

These are the options I found available:
Ledger Nano S, Trezor, KeepKey, OpenDime, Digital Bitbox - it seems the first ones are the best.
I heared there are some fireproof out there, not sure if i'll get that paranoia with these but ... when u own lots of BTC things change .

I prefer Ledger Nano S because I often heard about it and I think it's the least cheaper than other hardware wallets available.
For me as long as it supports Bitcoin, Ethereum and LiteCoin like Ledger Nano S.
I want to secure my crypto assets as soon as possible because it's getting higher and higher the value and I don't want to feel sorry when someone has to be able to take it from me.

Chingchangfu

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I am only keeping my savings in hardware wallets I am currently using nano ledger,
But I am also doing some alt-coin trading and sometimes I am sending my profits into the nano ledger.

Kolokoy

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Quote from: ?? on ??

Nope, cause i cant afford it and i dont think i need it. Im not store that much coin though.

Like what I just said, it depends on your confidence and assets because a thousand or two doesn't seem to have hardware wallet for it but if it just like mine like I'm holding almost $40,000 worth of coins and tokens, I'm totally scared when somebody could access my laptop and my phone and then they could steal my digital keys so that's why I need to get my hardware wallet in order to have a place of mind all the time.

Kolokoy

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Quote from: 01BTC on January 29, 2018, 03:32:59 AM

I see many talking on this and also talks about the exchanges that are not that safe ...
To me , for my 200$ funds

) , let's say I will recover but when u're growing and have x1000 more that could mean something.
are you having one of this?

It depends on your confidence because not all crypto holders are interested on getting hardware wallet in order to protect their assets from hackers and other attacks.
I'm holding an asset of $40,000 now and I do believe it's time to protect my assets through hardware wallet and this time I'm going to order my first hardware wallet from online shopping.
It is indeed the best option than securing your digital key that could possibly stolen if you're not careful.

01BTC

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These are the options I found available:

Ledger Nano S, Trezor, KeepKey, OpenDime, Digital Bitbox - it seems the first ones are the best.

I heared there are some fireproof out there, not sure if i'll get that paranoia with these but ... when u own lots of BTC things change .

Topic: Are you using a hardware wallet for your coins? (Read 249 times)