Buy a cold wallet or buy BTC | Bitcointalksearch.org

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Quote from: joker_josue on November 25, 2022, 04:10:20 PM

Because of what happened with FTX, cold wallet companies have been making a lot of money. In the last few weeks it has had a lot of sales, and maybe that's why it hasn't had big black friday promotions.

https://decrypt.co/114687/crypto-cold-wallets-in-ledger-trezor-sales-moon-after-ftx-collapse

I think you're right about this year's Black Friday discounts on hardware wallets being disappointing, but dkbit98 found some deals that you may not have noticed: Black Friday Hardware Wallet Less Known Deals

You can still catch some of these deals if you hurry. Wink

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Quote from: ajochems on November 25, 2022, 03:43:43 PM

Cold wallet is the important one to store your bitcoin for the safer side. Many exchanges was closing now a days, so most priority one for now is save your holding bitcoin. It’s important one then buying bitcoin for the moment.Most of the people from various nation had their bitcoin in the FTX exchange for the no fee reason.But it was totally a drama and it was revealed in this year and stole huge people money.

Because of what happened with FTX, cold wallet companies have been making a lot of money. In the last few weeks it has had a lot of sales, and maybe that's why it hasn't had big black friday promotions.

https://decrypt.co/114687/crypto-cold-wallets-in-ledger-trezor-sales-moon-after-ftx-collapse

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Quote from: joker_josue on November 23, 2022, 04:23:12 AM

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

It all depends on the what next. These two are something that shouldn't be exclusive right? One can't come without the other of course and funds shouldn't completely be an issue.
If you feel the necessity, then you should buy a cold wallet. Bitcoin remains a progressive investment and so, your not going to buy just once and let it be. Cold wallet is a one time purchase and stands as one place to store your precious bitcoin securely. Of course, there are other means to ensuring your wallet stays safe so, you should go for that and ensure you buy coins when the opportunity presents itself as per funds rather than waiting on a dip.

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Cold wallet is the important one to store your bitcoin for the safer side. Many exchanges was closing now a days, so most priority one for now is save your holding bitcoin. It’s important one then buying bitcoin for the moment. Most of the people from various nation had their bitcoin in the FTX exchange for the no fee reason. But it was totally a drama and it was revealed in this year and stole huge people money. This was not expected one by the investors of the FTX investors. Many Holding bitcoin in the FTX was totally stolen.

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Quote from: joker_josue on November 24, 2022, 06:37:30 AM

Quote from: OcTradism on November 24, 2022, 03:22:27 AM

Of course, Hardware wallets are what you should buy and use if you have enough budget for them. If you have big capital and say no to hardware wallet, it is a bit odds. If you buy hardware wallets, let's buy them at official stores, not buy from second-hand markets. There are backdoors installed in second-hand hardware wallets and you will lose your crypto.

Buying from the official store is essential. I think the price difference is never significant enough to justify the risk. I'm not even a fan of resellers, even if they are the official ones, I prefer whenever possible to buy directly from the brand.

I agree, if you go with the ledger one then buy from the official store, because the second hand ones could always be risky and I wouldn't suggest that.

Yes, people say that there are ways to check it and see if it's clean or not, but I still think that you may not end up with knowing it all and then fail, which would mean that they could steal your money, is that really worth it. Pay the full price on the official store, wait for the shipment, all could take a while and eventually you will have the real thing and have zero worries at all. It’s an option though, I am not saying do this or buy btc, I am just saying if you pick the ledger one, this is the way to go.

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Quote from: joker_josue on November 23, 2022, 04:23:12 AM

At this time of Black Friday, there are usually some promotions, even interesting ones. And some cold wallet companies are running promotions.

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

I would choose to buy a cold wallet first, what if you have a lot of bitcoins but you can't keep it safe? This means that your bitcoins are always in danger and can be lost at any time. But if you get a cold wallet first and then collect bitcoins, it will be safe and you will have more time to focus on collecting bitcoins more. For me, I need a safe place to store my possessions before I start collecting them, because if I'm not prepared, accidents can happen at any time.

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Quote from: OcTradism on November 24, 2022, 03:22:27 AM

Of course, Hardware wallets are what you should buy and use if you have enough budget for them. If you have big capital and say no to hardware wallet, it is a bit odds. If you buy hardware wallets, let's buy them at official stores, not buy from second-hand markets. There are backdoors installed in second-hand hardware wallets and you will lose your crypto.

Buying from the official store is essential. I think the price difference is never significant enough to justify the risk. I'm not even a fan of resellers, even if they are the official ones, I prefer whenever possible to buy directly from the brand.

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I already have my hardware wallet and it's still working so I don't need a new one, that means that I'm good at putting that at bitcoin.
With the low price of it right now, that $60 is going to give more than it was before at the range of $40k and up. But those that still don't have a cold wallet or a hardware wallet, if you've got plenty of bitcoin being held, it's now the time to take advantage of the sale and get your own.

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There is no reason to disagree with the above sentence, so in conclusion, you can use BTC to drive the current trend of Bitcoin. So you can own more BTC than BTC for a 4-equivalent, but one or more of you trusts to own it. It is common to think that instant wallets such as these times and codes are being operated. But keep in mind the storage of ritcoins so make sure your balance

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Quote from: joker_josue on November 23, 2022, 04:23:12 AM

At this time of Black Friday, there are usually some promotions, even interesting ones. And some cold wallet companies are running promotions.

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

If there is still no cold wallet, then now it will be obvious to acquire it as a priority. Because if you have bitcoin but you have doubts about its safe storage, then $ 50 is a very small price for your peace of mind and confidence in the safe storage of your investments. If you already have such a wallet, then of course it is better to buy bitcoin, unless you want to buy another wallet for a gift.

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Quote from: joker_josue on November 23, 2022, 01:07:21 PM

About having HW or not, this question is also interesting. This is because I have always been very conservative and kept BTC in my own wallets (Bitcoin Core / Electrum) - always in self custody.

Electrum and Bitcoin Core wallets are both good to start especially Electrum wallet that is very light in storage. However if you want more privacy, by running your full node, you should use Bitcoin Core wallet instead of Electrum wallet

Quote

On the other hand, I don't have any wealth, so I was never attracted to an HW wallet.

Of course, Hardware wallets are what you should buy and use if you have enough budget for them. If you have big capital and say no to hardware wallet, it is a bit odds. If you buy hardware wallets, let's buy them at official stores, not buy from second-hand markets. There are backdoors installed in second-hand hardware wallets and you will lose your crypto.

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Quote from: joker_josue on November 23, 2022, 04:23:12 AM

At this time of Black Friday, there are usually some promotions, even interesting ones. And some cold wallet companies are running promotions.

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

Why not?

If you are holding huge number or chunks of coins then it would really be ideal or much preferable on buying these cold storages considering that when it comes to safety of our coins
then i wont really be having those doubts compared when those keys are exposed or keep hidden via on a paper or even on my air gapped pc or device.
If it turns out that it is already that cheap or even not in sale, then it is really that always been recommended.

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Quote from: DdmrDdmr on November 23, 2022, 03:30:49 PM

Quote from: joker_josue on November 23, 2022, 03:01:13 PM

<…> Ledger even has an interesting one, which you can return in BTC. But this return is going to require some kind of KYC, which I'm not sure I feel like doing.

Trezor is offering up to (the darn up to again) 30% off these days, whilst Ledger is offering either 20$ or 30$ in BTC, depending on the model. Nevertheless, as you mentioned, there is a potential KYC:

Quote

Is there any screening done on the BTC address I provide?
Payments in BTC are done by one of our service providers, they may conduct a KYC analysis on your BTC address.

https://shop.ledger.com//pages/ledger-black-friday-promotion-terms-and-conditions

They don’t mention any further details to enable the reader to get an idea of how probable the "may" part is, not the specific service provider, which is obviously not themselves. When I tried to look into it further for my local board, I saw that the BTC redemption is through the refer-a-friend procedure, though neither the KYC trigger nor the procedure are described there. KYC is not something one would really wish for.

Well, I noticed that too! So as the information is not very clear in this regard, there is a doubt as to what will be involved in order to actually receive this bonus. Then start looking at this promotion with greater doubts.

As for Trezor, I've heard it's less secure...

Quote from: CoinEraser on November 23, 2022, 03:11:39 PM

Currently you can win a ledger hardware wallet here in the forum. Join in and maybe you'll be lucky and win one. I also won a wallet a few weeks ago. It's worth a try. I wish you the best of luck.

Link: [FREE RAFFLE] Betnomi Cold Wallet - 4 round 🦊

Thanks for the tip! You can always get something. Wink

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Quote from: Woodie on November 23, 2022, 03:26:11 PM

Quote from: joker_josue on November 23, 2022, 04:23:12 AM

At this time of Black Friday, there are usually some promotions, even interesting ones. And some cold wallet companies are running promotions.

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

Definitely the perfect time to get your discounted hardware wallet, but if buying such a wallet isn't a priority then I would advice to skip this accusation and go with the option of buying extra coins to grow your crypto portfolio as coins don't really need fancy storage beside your valuable private key.

If it is not big amount then it is wiser decision to not go for hardware wallet. You right that it will help to grow portfolio by the amount of hardware wallet. There are a lot of big investors who are storing crypto without hardware wallet. Anyone can store crypto in different personal wallet for more safety.

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Quote from: joker_josue on November 23, 2022, 03:01:13 PM

<…> Ledger even has an interesting one, which you can return in BTC. But this return is going to require some kind of KYC, which I'm not sure I feel like doing.

Trezor is offering up to (the darn up to again) 30% off these days, whilst Ledger is offering either 20$ or 30$ in BTC, depending on the model. Nevertheless, as you mentioned, there is a potential KYC:

Quote

Is there any screening done on the BTC address I provide?
Payments in BTC are done by one of our service providers, they may conduct a KYC analysis on your BTC address.

https://shop.ledger.com//pages/ledger-black-friday-promotion-terms-and-conditions

They don’t mention any further details to enable the reader to get an idea of how probable the "may" part is, not the specific service provider, which is obviously not themselves. When I tried to look into it further for my local board, I saw that the BTC redemption is through the refer-a-friend procedure, though neither the KYC trigger nor the procedure are described there. KYC is not something one would really wish for.

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If I were you, I would buy a hardware wallet instead of Bitcoin if I had the money. In my opinion, storing Bitcoin in the right place is more important than purchasing Bitcoin. If I don't already have the hardware wallet, I won't let left take advantage of the Black Friday deal. However, I have already won a hardware wallet for storing my cryptocurrency assets. If you buy a hardware wallet on Black Friday, it won't cost you much. So take advantage of the situation.

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Quote from: joker_josue on November 23, 2022, 04:23:12 AM

At this time of Black Friday, there are usually some promotions, even interesting ones. And some cold wallet companies are running promotions.

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

Definitely the perfect time to get your discounted hardware wallet, but if buying such a wallet isn't a priority then I would advice to skip this accusation and go with the option of buying extra coins to grow your crypto portfolio as coins don't really need fancy storage beside your valuable private key.

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Wow thats a hard choice haha 😂 i think i can give some of the suggestions over There lets calculate some figures.

On Sales you can get 50% discount lets suppose and you spend a value on it now compare today's BTC price on 60% + Off so which one ia better deal buy now then hold then sell in next year same black friday you own 5x of investment and you can buy Cold wallet. Hows it as if you buy now then you lose 5x easily + what to do with wmpty storage.

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Quote from: joker_josue on November 23, 2022, 03:01:13 PM

-snip- But I really have to invest in it. I just don't know if it will be in this wave of discounts... because they aren't even big discounts. Ledger even has an interesting one, which you can return in BTC. But this return is going to require some kind of KYC, which I'm not sure I feel like doing.

Currently you can win a ledger hardware wallet here in the forum. Join in and maybe you'll be lucky and win one. I also won a wallet a few weeks ago. It's worth a try. I wish you the best of luck.

Link: [FREE RAFFLE] Betnomi Cold Wallet - 4 round 🦊

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Quote from: DdmrDdmr on November 23, 2022, 01:25:39 PM

Quote from: joker_josue on November 23, 2022, 01:07:21 PM

<…> On the other hand, I don't have any wealth, so I was never attracted to an HW wallet.

When I started off, after reading around the forum for a few days as a novel newcomer to all this, the first thing I did was to go off and purchase a hardware wallet, not knowing really what I was going to protect with it down the line, but pretty convinced that is should be something to acquire before getting any crypto.

I understand though that, for some people, the price may be considered steep (depending on their income, which is related to their country of residence), and they may see it as a luxury in a sense, seeing a better trade-off in buying BTC instead.

In my case I never felt a need for a HW wallet, perhaps because of the conservative way I use BTC. So, I ended up never investing in a HW wallet, recognizing that it would be something useful to have. But I was born in Bitcoin when these things didn't exist or at least weren't very common, which ends up influencing this situation.

But I really have to invest in it. I just don't know if it will be in this wave of discounts... because they aren't even big discounts. Ledger even has an interesting one, which you can return in BTC. But this return is going to require some kind of KYC, which I'm not sure I feel like doing.

DdmrDdmr

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Quote from: joker_josue on November 23, 2022, 01:07:21 PM

<…> On the other hand, I don't have any wealth, so I was never attracted to an HW wallet.

When I started off, after reading around the forum for a few days as a novel newcomer to all this, the first thing I did was to go off and purchase a hardware wallet, not knowing really what I was going to protect with it down the line, but pretty convinced that is should be something to acquire before getting any crypto.

I understand though that, for some people, the price may be considered steep (depending on their income, which is related to their country of residence), and they may see it as a luxury in a sense, seeing a better trade-off in buying BTC instead.

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Quote from: joker_josue on November 23, 2022, 04:23:12 AM

At this time of Black Friday, there are usually some promotions, even interesting ones. And some cold wallet companies are running promotions.

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

I think the decision will come down to which has a limited window of price reduction. To me, buying a cold wallet will be my first option, this is a promotional period as you said and the price will not stay low for a long period. Btc on the other hand still have some more months of winter ahead base on the circle, there is a high tendency you can still catch a decent price after spending money on a cold wallet.

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Quote from: Rikafip on November 23, 2022, 10:00:14 AM

joker_josue looking at your date of registration, I see that you have been in crypto since at least 2013 so I am wondering how come you didn't buy hardware wallet yet? Or you have it already and you are just asking this question out of curiosity since bitcoin price is so low at the moment and some newbies might have that dilemma.

I liked your question!
In the first place I asked out of curiosity and to know other perspectives of analysis at this point. That the analyzed perspectives have even been very interesting, which I thank you in advance.

About having HW or not, this question is also interesting. This is because I have always been very conservative and kept BTC in my own wallets (Bitcoin Core / Electrum) - always in self custody. On the other hand, I don't have any wealth, so I was never attracted to an HW wallet.

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Quote from: joker_josue on November 23, 2022, 04:23:12 AM

At this time of Black Friday, there are usually some promotions, even interesting ones. And some cold wallet companies are running promotions.

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

If you have good amount of cryptos and don’t want to risk it at any cost, then definitely you should invest in a cold or hardware wallet. If you don’t have big amounts, and just trading money, then according to me buying a cold wallet isn’t worth. Moreover whenever you aren’t trading the Bitcoins, you can use desktop offline wallets to store your coins. These are way safe than online wallets and exchanges and often come in handy. Hope this helps you mate.

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Quote from: joker_josue on November 23, 2022, 04:23:12 AM

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

Don't get confused with the term cold wallet and hardware wallet, because they are not the same thing, no matter how much some advocate that view. Although there are HWs that are close to being cold storage, the most popular ones like Ledger or Trezor are not. In order to make a firmware update or to install a coin app, you have to connect such a device to the Internet, and that completely cancels any connection with the cold wallet.

As for that amount, I wouldn't hesitate at all about what I will do, because for $50 you won't be able to buy BTC that will ever mean anything to you - but if you invest that money in HW, it will have a long-term positive effect on the security of your digital property.

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Quote from: Bobrox on November 23, 2022, 07:15:59 AM

Based on your choose, which one exchange market do you use and how secure so far when saving assets there, I think Binance and Kucoin still on the top securing exchange for holding our Bitcoin assets, better purchase Bitcoin with with fund $60 than purchasing cold wallet but don't have assets yet.

After everything that has happened lately, you have to be extremely naive to think that your bitcoin will be safe on any centralized exchange, no matter how reliable they have been up until now. Just a month ago FTX has been universally proclaimed as a next Binance and we can see how that ended.

joker_josue looking at your date of registration, I see that you have been in crypto since at least 2013 so I am wondering how come you didn't buy hardware wallet yet? Or you have it already and you are just asking this question out of curiosity since bitcoin price is so low at the moment and some newbies might have that dilemma.

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Quote from: joker_josue on November 23, 2022, 04:23:12 AM

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

by now you should already have Bitcoin in your online wallet or on your exchange. if indeed you don't have a hardware wallet, it would be better for you to have one first. and you can store your assets more calmly in your new wallet.
once you have it, you can store the BTC you earned from your signature campaign in the Hardware Wallet.

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Quote from: joker_josue on November 23, 2022, 04:23:12 AM

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

If you have a large budget then this should be a no-brainer. Of course you should buy a hardware wallet. Where else did you think people would store their coins? (I know not on exchanges, as everyone is running away from them like the Black Plague Grin

)

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Quote from: joker_josue on November 23, 2022, 04:23:12 AM

At this time of Black Friday, there are usually some promotions, even interesting ones. And some cold wallet companies are running promotions.

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

There can be no universal answer to your question. In one case, the best solution would be to buy a hardware wallet, in the other - btc.

If you have around $1,000 in crypto currencies, then it's worth spending $50-100 on a HW device. This makes sense, as those $50-100 spent will avoid a $1,000 loss. In my opinion, this is a reasonable price for safety and security.

If you have 100-200$ in crypto, then I see no reason to buy cold wallet and in this case it is better to spend 50-60$ to buy bitcoin.

Both hardware wallets and bitcoin are now discounted.

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Quote from: Bobrox on November 23, 2022, 07:15:59 AM

Based on your choose, which one exchange market do you use and how secure so far when saving assets there, I think Binance and Kucoin still on the top securing exchange for holding our Bitcoin assets, better purchase Bitcoin with with fund $60 than purchasing cold wallet but don't have assets yet.

People thought the same about FTX.. and some got the surprise of their lifetime. So no, this is not a valid option. Not your keys, not your coins.

Quote from: joker_josue on November 23, 2022, 05:14:18 AM

Also a very curious observation. Which goes a little against my perspective. Especially if the person is familiar with ways to protect his BTC.

Thank you. Imho for the ones with a bit of technical background, hardware wallets are there mostly for convenience. Of course, for the rest they're a must.

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Quote from: Bobrox on November 23, 2022, 07:15:59 AM

Based on your choose, which one exchange market do you use and how secure so far when saving assets there, I think Binance and Kucoin still on the top securing exchange for holding our Bitcoin assets, better purchase Bitcoin with with fund $60 than purchasing cold wallet but don't have assets yet.

No, no and no. There is no exchange that is safe and secure for saving your crypto assets, just look above your screen on this website, look to the news update theymos has pinned above, online accounts or centralized exchanges are not safe for anyone to save their funds there, you may not lose it today, but you may someday.

Binance isn't safe, they have been doing shady stuffs for a long time, just that they are yet to run into trouble, it does not mean they wouldn't, Sam Bankman-Fried was doing shady stuffs with people's money for a long time, but it only took a week for everything to completely collapse and for people, and the exchange too to go bankrupt, and hacked too by the way.

Hold your funds in your self custody, trade on decentralized exchanges that is trustless; with binance, even in their p2p service you have to trust binance, in decentralized exchanges like Bisq you do not trust anybody, and you would not lose your data to the exchange.

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I think need to buy cold wallet or hardware wallet firstly whatever price between $50 until $60 is not matter your assets securing there, but when your purchasing Bitcoin firstly need safety place and hardware or cold wallet is more priority for saving Bitcoin. If you thing with exchange wallet can securing your bitcoin assets I don't think need to buy cold wallet.

Based on your choose, which one exchange market do you use and how secure so far when saving assets there, I think Binance and Kucoin still on the top securing exchange for holding our Bitcoin assets, better purchase Bitcoin with with fund $60 than purchasing cold wallet but don't have assets yet.

OcTradism

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Quote from: joker_josue on November 23, 2022, 04:23:12 AM

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

It is good if you use this to buy a cold wallet but if you can not have enough money to buy a cold wallet, you can use either Bitcoin Core or Electrum wallet that are free and safe enough.

Verify wallet as guided to be safely.

Backup your wallet for recovery.

If you want to safer option but not cold wallet, you can use multisign wallet.

BitcoinCore: https://bitcoincore.org/en/download/
Electrum: https://electrum.org/#download
[GUIDE] How to Safely Download and Verify Electrum
Multisign wallet with Electrum

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Quote from: Charles-Tim on November 23, 2022, 04:34:05 AM

Also if you only have just $50 or $60 now and preparing or planning to buy bitcoin later, you can buy a hardware wallet now. This will encourage you to buy bitcoin by the time you want it because you know that you have what can keep your bitcoin safe, but the best safety is maximized with how you protect your coins.

A very interesting analysis.
Really have a very interesting analysis. Someone having a hardware wallet could motivate the more regular purchase of BTC. In addition to feeling safer, you also end up wanting to monetize the purchase/investment.

Quote from: NeuroticFish on November 23, 2022, 04:48:46 AM

Of course, it's optimal to buy bitcoin when its price is low and buy hardware wallet when bitcoin price is high, no matter there are promotions now. A not too difficult to achieve doubling of bitcoin price will beat the best promotions you can get for hardware wallets.

Also a very curious observation. Which goes a little against my perspective. Especially if the person is familiar with ways to protect his BTC.

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My opinion: Buy the wallet. You will regret it a lot if you loose your BTC.

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Quote from: joker_josue on November 23, 2022, 04:23:12 AM

At this time of Black Friday, there are usually some promotions, even interesting ones. And some cold wallet companies are running promotions.

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

I will be somewhat advocating the other way than the previous posts.

Maybe you can spend an hour and learn how to make yourself a cold storage (or maybe paper wallet?) using nothing more than an USB stick that you'll boot your computer from now and then.
So you can spend 5-10$ on an USB stick if you don't have one already and you can buy bitcoin for the rest of the money.

However, if your technical skills are not good enough for this, then you may already have a nice amount in a hot wallet, and then hardware wallet is a must.
So it's really up to you, your skills, how much BTC you already have, ....

Of course, it's optimal to buy bitcoin when its price is low and buy hardware wallet when bitcoin price is high, no matter there are promotions now. A not too difficult to achieve doubling of bitcoin price will beat the best promotions you can get for hardware wallets.

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Quote from: joker_josue on November 23, 2022, 04:23:12 AM

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

I would go for hardware wallet, without any hesitation. I know it may be tempting to buy bitcoin now given the current price, but I personally sleep much better after getting one and wouldn't change it for owning a little bit more bitcoin. As a matter of fact, I bought mine after getting hacked ~5 years ago and losing almost all bitcoin I owned up to that point so even though I had like 0.01 BTC left, I bought one nevertheless.

Charles-Tim

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Also if you only have just $50 or $60 now and preparing or planning to buy bitcoin later, you can buy a hardware wallet now. This will encourage you to buy bitcoin by the time you want it because you know that you have what can keep your bitcoin safe, but the best safety is maximized with how you protect your coins.

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Quote from: joker_josue on November 23, 2022, 04:23:12 AM

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

Are you asking whether someone should spend $50 on a hardware wallet, or spend $50 on more bitcoin? This depends on how they are currently storing their bitcoin, but $50 for a decent hardware wallet is almost always a good investment.

Do they already have a hardware wallet, an airgapped wallet, paper wallets, or some other secure storage solution? Then go ahead and buy more bitcoin.
Are they storing their bitcoin on a simple hot software wallet on a computer or mobile phone? Then unless they are only purchasing very small amounts of bitcoin that they can easily afford to lose without a second though, they should probably be buying a hardware wallet.
Are they storing their bitcoin on a centralized platform? Then they don't actually own any bitcoin at all. They should definitely buy a hardware wallet instead of giving $50 away in return for some worthless IOUs.

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If you don't have one already and also have a considerable amount of money in a hot wallet, a hardware wallet should be your priority in my opinion.

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At this time of Black Friday, there are usually some promotions, even interesting ones. And some cold wallet companies are running promotions.

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

Topic: Buy a cold wallet or buy BTC (Read 314 times)