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Topic: Hardware wallet vs Software wallet - page 3. (Read 1824 times)

member
Activity: 224
Merit: 10
August 04, 2018, 05:49:19 PM
#81
Surfing on the bitcointalk forum, I sometimes see some threads discussing about hacking of wallets and the discussion is geared towards the best wallets to secure individuals from hackers. Hardware wallets are normally mentioned. I decided to find out about hardware wallets and my searches made me know that, wallets which are normally hacked are of software base. I found out that some viruses which attack computers are able to steal private keys from the software wallets that we normally use. The issue of virus attacking a computer makes the use of hardware wallet very advantageous over software wallet since the hardware wallet are immune against viruses, hence viruses cannot steal from such wallets. My question is what are some of the hardware wallets and how can one get a hardware wallet?
I have heard many thoughts about advantage of hardware wallet before an online wallet, but I'm actually using an online one without feeling any of this advantage for uncomfortableness, so it is a personal choice.
full member
Activity: 1210
Merit: 100
August 04, 2018, 05:25:54 PM
#80
before, you must pay attention to several things to secure your wallet.
1. Save your private key properly.
in a bitcoin wallet there is a private key and a public key, the public key is a bitcoin address. and a private key is the key that you must keep secret from others.
2 You must activate the 2FA feature.
3. Use a stronger password
4. Do not store bitcoin in the exchange wallet and in the soft wallet.

and there are some hard wallets that you can use like TREZOR, Ledger Nano, paper wallet, Hardbit, and others.
newbie
Activity: 532
Merit: 0
August 04, 2018, 05:08:21 PM
#79
Both of them are good and secure.... Hardware wallet is more secure and reliable than that of software while software is cheap and also secure depending on the way you use it. Software wallet is the most commonly used wallet even the ones making use of the hardware still make use of software wallet.... The hardware wallet is only use just for more security.
full member
Activity: 420
Merit: 100
August 04, 2018, 05:10:55 AM
#78
I think thereis totally comparison when it comes to these two. Hardware wallets are definitely the choice here as they are not only effective but also puts the safety of your account into your own hands. The main short coming of software wallets is the fact that  they are web based. putting them at the mercy of hackers who can easily get access to them whenever they so wish.  Hardware wallets might cost you a few dollars to buy but in the long run the security they offer is worth it
member
Activity: 700
Merit: 12
August 04, 2018, 04:56:32 AM
#77
I dont believe in safety of any cloud wallet or exchanges, too much loose because of them, now using Ledger, hope it more safely!
jr. member
Activity: 322
Merit: 3
August 04, 2018, 03:47:28 AM
#76
Software wallets are fine for small amounts of crypto or small volumes of trading. But for your long term holds consider a hardware wallet or you could do what I do and just send your coins into cold storage. Cold storage is by far the safest since your private keys never touch the internet or even another device for that matter. Hardware wallets like the Ledger Nano S are one step below cold storage in terms of safety but are still very very safe.
sr. member
Activity: 938
Merit: 266
August 01, 2018, 06:27:35 AM
#75
i know of trezor and nano ledger for hardware.  and the latest is bitfi which john mcaffee is actively promoting.  i think you should get this.
as for software wallet, if you have a good understanding about crypto, you can be safe with good decision on which wallet to choose.
member
Activity: 224
Merit: 31
August 01, 2018, 06:26:29 AM
#74
Surfing on the bitcointalk forum, I sometimes see some threads discussing about hacking of wallets and the discussion is geared towards the best wallets to secure individuals from hackers. Hardware wallets are normally mentioned. I decided to find out about hardware wallets and my searches made me know that, wallets which are normally hacked are of software base. I found out that some viruses which attack computers are able to steal private keys from the software wallets that we normally use. The issue of virus attacking a computer makes the use of hardware wallet very advantageous over software wallet since the hardware wallet are immune against viruses, hence viruses cannot steal from such wallets. My question is what are some of the hardware wallets and how can one get a hardware wallet?

Well you are absolutely right that soft ware wallets are not the most ideal. They are prone to viruses and if you have a significant amount of money in crypto then you definitely need to store your coins on a hard ware wallet.

The best hardware wallets today are probably

Trezor and Ledger Nano

Both are pretty easy to use and very safe as well.

Though it should be noted that a safely maintained offline paper wallet if used properly is probably the safest option.
member
Activity: 546
Merit: 13
August 01, 2018, 06:18:03 AM
#73
Surfing on the bitcointalk forum, I sometimes see some threads discussing about hacking of wallets and the discussion is geared towards the best wallets to secure individuals from hackers. Hardware wallets are normally mentioned. I decided to find out about hardware wallets and my searches made me know that, wallets which are normally hacked are of software base. I found out that some viruses which attack computers are able to steal private keys from the software wallets that we normally use. The issue of virus attacking a computer makes the use of hardware wallet very advantageous over software wallet since the hardware wallet are immune against viruses, hence viruses cannot steal from such wallets. My question is what are some of the hardware wallets and how can one get a hardware wallet?
Hardware wallet can Offers much better security than an online wallet and a bit better security than a software wallet. Allows funds to be sent to and from the device. Doing this often will reduce its security though. While Software wallet Usually user-friendly designs. Software wallets have been made to give users the easiest way to use the Ethereum blockchain. Sending, receiving, and importing private keys should all be very simple when using any well-known software wallet.Easy to access Ether and other digital currencies. If you make a lot of purchases from online sellers using your Ether, payments can be sent quickly and simply from a software wallet. However, both wallet have their own disadvantage. You need to choose the best wallet that fits to you.

Hardware wallets also have some safety problems, so i recommend you, first of all, save your private keys ONLY in paper version. Dont use any clouds, because they can be hacked.
jr. member
Activity: 98
Merit: 6
August 01, 2018, 06:03:45 AM
#72
Surfing on the bitcointalk forum, I sometimes see some threads discussing about hacking of wallets and the discussion is geared towards the best wallets to secure individuals from hackers. Hardware wallets are normally mentioned. I decided to find out about hardware wallets and my searches made me know that, wallets which are normally hacked are of software base. I found out that some viruses which attack computers are able to steal private keys from the software wallets that we normally use. The issue of virus attacking a computer makes the use of hardware wallet very advantageous over software wallet since the hardware wallet are immune against viruses, hence viruses cannot steal from such wallets. My question is what are some of the hardware wallets and how can one get a hardware wallet?
Hardware wallet can Offers much better security than an online wallet and a bit better security than a software wallet. Allows funds to be sent to and from the device. Doing this often will reduce its security though. While Software wallet Usually user-friendly designs. Software wallets have been made to give users the easiest way to use the Ethereum blockchain. Sending, receiving, and importing private keys should all be very simple when using any well-known software wallet.Easy to access Ether and other digital currencies. If you make a lot of purchases from online sellers using your Ether, payments can be sent quickly and simply from a software wallet. However, both wallet have their own disadvantage. You need to choose the best wallet that fits to you.
newbie
Activity: 56
Merit: 0
July 04, 2018, 09:34:58 PM
#71
This is a world of numbers, and various parameters and improvements happen at any time, so using a digital wallet is very good and can be updated in a timely manner. But the hardware wallet is very cumbersome, with inserts for each use, and frequent updates.
member
Activity: 299
Merit: 10
July 04, 2018, 09:29:29 PM
#70
Hardware wallets are considered safer and more secure than online wallets.  If you have a lot of altcoin and you want to hold them long.  I think you should order a purse.  Have you found hardware wallet purses at online stores
staff
Activity: 3206
Merit: 575
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July 04, 2018, 08:33:05 PM
#69
It would always be better to purchase a hardware wallet with the original distributor on their website, I purchased my Ledger Nano S hardware wallet a few years ago and it is still working fine until today, and I feel much more secured to store most of my bitcoin and altcoins on it.
newbie
Activity: 165
Merit: 0
July 04, 2018, 08:28:31 PM
#68
in my opinion, wallet hardware is safer in my opinion. because the software wallet is vulnerable,
to hacking the wallet case and thus reducing the risk. But it's not as easy as a software wallet for most people.

newbie
Activity: 164
Merit: 0
July 04, 2018, 08:23:07 PM
#67
If you're thinking of long term holding, then you'd better purchase a hardware wallet as software wallets are more likely to be hacked. Software wallets are efficient for short time holding. I hear Trezor is the most recommended wallet right now.
sr. member
Activity: 404
Merit: 250
July 04, 2018, 07:12:47 PM
#66
I just got a Ledger Nano S and I love it. The biggest advantage is that your private key is stored completely offline and never exposed to your computer, so your chances of getting your wallet hacked are as close to zero as they come. If you lose it, you can restore your wallet to another device or another wallet entirely with the seed. It truly is an investment that could save you thousands down the line.
full member
Activity: 437
Merit: 100
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July 04, 2018, 06:55:54 PM
#65
Hardware wallets are a good choice in the context of the numerous cryptos attacks of the past. If you are holding BTC or ETH, then Ledge Nano S is a reasonable choice. Hardware wallets will be more convenient than software wallets if you only hold cryptos without the need for regular trade on exchange floors.
full member
Activity: 490
Merit: 100
July 04, 2018, 06:45:44 PM
#64
Order a hardware wallet. I do not know exactly where to order it, as my friend bought two hardware wallets myself and I bought one from him. Trezor hardware wallet.
newbie
Activity: 126
Merit: 0
July 04, 2018, 02:23:26 PM
#63
From information gathered here, it implies hardware wallets are the best. But everything that's all cool and sweet has a downside to it. There was some news of a trezor wallet getting hacked, and for me I still hardware wallets have some degree of vulnerability that's yet to be discovered.
newbie
Activity: 182
Merit: 0
July 04, 2018, 02:18:24 PM
#62
A hardware wallet is the safer option than a software wallet. The thing about hardware wallet is that you do not have to be online or connected to the internet to access your coins so there is less worry about your wallet being hacked online. it is the safest option if you are holding coins for the long term to keep them safe
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