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Topic: Are you using a hardware wallet to store your coins? (Read 924 times)

legendary
Activity: 1176
Merit: 1024
I used to but I do not have enough money to make it viable to use my ledger nano anymore. I used to store all my coins there and try to divide it equally and so forth, basically spent some time on getting a portfolio that looked respectable and like a proper crypto investor.

Obviously, I have tried to stay at those levels for a long time but I have failed so in the past 6 or 7 months and ever since june-July I have been using only my local exchange where I can put bitcoins in and take out fiat in return. Without a proper amount of coins needing storing there is no need to use hardware wallets, they are there for a bigger investor (even a medium one) but when you have couple hundred dollars in bitcoin there is really no need for it so I just put it aside somewhere and hoping to use it when the prices go up again.
sr. member
Activity: 498
Merit: 251
CryptoTalk.Org - Get Paid for every Post!
I'm not using a har ware. for me it's more safety to hold my money on different exchanges and in few cold wallets. split between mew/blockchain info/eos etc.
Are you sure it's more safety to store it in exchange wallet? it seems that you has made a mistake in making statement. There are many cases of exchange hacking and most of them cannot re-fund their users, this incident should can make you aware to not store any crypto assets in there.
sr. member
Activity: 756
Merit: 268
Hardware wallets are state of the art devices to store your coins or tokens safely.

There are still many misconceptions about these devices. Let's talk about it!

For instance, a lot of people think that if they lose their hardware wallet, their coins are lost. This is not the case. If you lose your hardware wallet device, or if it's stolen, you can always safely restore your accounts on another wallet. All you lose is the hardware device itself, not your accounts.

The main advantage is that you never have to expose your private keys, neither for storing your coins, nor for doing transactions. It makes it almost impossible to compromise your coins, even if your computer's operating system is hacked into. Thus if you're serious about storing your coins for the long term, a hardware wallet is highly recommended.

Do you use a hardware wallet?
Yes i am using a hardware wallet like ledger to store all of my coins. I believe it is much safer if you store  your coins in a hardware wallet to avoid hackers and because you are the only one who can access it just always remember where you put it and don't ever misplace it.
full member
Activity: 602
Merit: 100
I use only hardware wallet everytime I can. After been hacked last year with my online neo wallet (i still didn't undestand how they did) I bought a ledger nano S and now I feel better and I do transactions without fear. I recommend to buy an hardware wallet to everyone that has a medium-big amount of money in crypto.
full member
Activity: 490
Merit: 100
I think hardware wallet is good for those who hold big amounts of bitcoins for a long time. for those who want to use bitcoins as currency, mobile wallet is better.
Of course, every person is entitled to his opinion, but it seems to me that a hardware wallet is good for absolutely everyone, as far as I know that today even buying and selling BTC is carried out by direct transfer of hardware wallets from hand to hand.
member
Activity: 62
Merit: 10
After my wallets were hacked and stolen few thousands dollars I bought ledger nano, that was the one exist to stop this
It is very sad to be hacked. Fortunately, I have never been hacked, but I prefer to use hardware wallet, because it is not expensive and also one of the safest way to hold your assets
full member
Activity: 896
Merit: 103
After my wallets were hacked and stolen few thousands dollars I bought ledger nano, that was the one exist to stop this
newbie
Activity: 29
Merit: 0
I don’t use a hardware wallet. For me, it's more comfortable to use cold wallet on CEX (https://cex.io/). And I can say that offline storage is just as safe as a hardware wallet. Furthermore, it’s more convenient for traders. And there is no bother of deposit/withdrawal/transfer of crypto to and from the wallet.
full member
Activity: 952
Merit: 107
Im not use it.. my money is not for crypto only and i feel enough use web wallet.. I think hardware wallet just for someone who have a huge value of crypto asset..

I agree. Hardware wallet is for those who have handsome amount in crypto. I used MEW to store my tokens and web wallet for my bitcoin. But still I feel secure that it will not lose from it. Not all my earning is for investment but also easily cashing it out t spend in daily living.
copper member
Activity: 54
Merit: 11
i don't use hardware wallet and i never experience losing my private key because i safeguard it well. i use mew to to store my coins. if you know how to be safe you won't have a porblem.

Even if you are as careful as can be in handling your private key / wallet information, you can never be completely safe. There are a lot of factors, many of which you have little or no influence on. Therefore I do not agree with this statement.

The best practice is not to expose your private key in the first place. This is where a hardware wallet comes into play.
member
Activity: 532
Merit: 10
Yes, this is the first thing that I allowed myself to buy as soon as I began to actively engage in crypto currencies - the very first thing I seriously thought about was to ensure the security of my money, so I started with the fact that I bought myself a Trezor hardware wallet. I still use it and very pleased with the result.
full member
Activity: 462
Merit: 100
MYCRYPTOBANK.IO
I'm currently using a web wallet as storage. but I also want to use hardware wallet, unfortunately neither any hardware wallets out there support my altcoins.
full member
Activity: 644
Merit: 101
📱 CARTESI 📱 INFRASTRUCTURE FOR DAP
Hardware wallets are state of the art devices to store your coins or tokens safely.

There are still many misconceptions about these devices. Let's talk about it!

For instance, a lot of people think that if they lose their hardware wallet, their coins are lost. This is not the case. If you lose your hardware wallet device, or if it's stolen, you can always safely restore your accounts on another wallet. All you lose is the hardware device itself, not your accounts.

The main advantage is that you never have to expose your private keys, neither for storing your coins, nor for doing transactions. It makes it almost impossible to compromise your coins, even if your computer's operating system is hacked into. Thus if you're serious about storing your coins for the long term, a hardware wallet is highly recommended.

Do you use a hardware wallet?

i live in such country where it is not easy to get the hardware wallet for the crypto.. but in my opinion these are the best wallets to have if you don't want to lose your hard earned profits but there is also a drawback to use hardware wallets according to me. keeping coins in the hardware wallet is good as long as you are plannig to hold to your portfolio not if you want to trade.. if you are a trader then you will need to make a transfer from your wallet to exchange for every trade till then maybe you lose the chance to earn the profit..
member
Activity: 423
Merit: 10
BitbondSTO.com
no, I don't use the hardware wallet to store the assets that I have, everything is stored in the stock wallet and some of it is still stored in myetherwallet
sr. member
Activity: 714
Merit: 250
I use a hardware wallet Ledger Nano S to store my main coins. This is the most secure way to store, because the private key that grants access to your coins is never displayed.
member
Activity: 350
Merit: 36
i use one, to store tokens which i hardly use or which i intend to keep for long term. those which i mean to trade etc. i keep on exchanges or in other quick-to-reach places...
full member
Activity: 574
Merit: 102
Not using one, I just store my coins on trading sites. My portfolio isn't that big to use hard wallet  Grin
sr. member
Activity: 896
Merit: 272
OWNR - Store all crypto in one app.
I'm not using a har ware. for me it's more safety to hold my money on different exchanges and in few cold wallets. split between mew/blockchain info/eos etc.
I suggest to you that you should use hardwallet like trezor or ledger which will help you to keep yout tokens. Do not depend in a single wallet and try to use multiple wallet to store your token. I also use mew but once you lose your private key all your will be gone so be careful on storing of private key.
member
Activity: 518
Merit: 10
Of course, I bought a wallet only for storing coins that I keep in long, and so for short-term coins I choose either on the exchange or on mew is great
jr. member
Activity: 308
Merit: 4

I dont use hardware wallet. But I want to use it. I know this is the right way to keep my tokens safe. So what do you think is the best hardware wallet? which one do you recommend to me in particular?
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