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Topic: hardware wallets safe? - page 13. (Read 10230 times)

hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
June 14, 2019, 05:45:32 PM
Nothing is safe in this world, especially in the crypto currencies industry. Just look at this forum and count how many posts about hacking are posted every day. However, a hardware wallet is much safer as a regular MEW.
It's true that nothing is safe but hardware wallets conduct updates so if they find out some faulty on their software, they are updating it immediately so that there will be no backdoors open for their hardware. MEW is good for those who can't avail hardware but coins to be stored there is limited just for ethereum and erc20 tokens. While having a hardware wallet, you have more security and you can hold the supported coins that it has not just those two types.
sr. member
Activity: 1610
Merit: 294
www.licx.io
June 14, 2019, 05:23:02 PM
Hardware wallet is actually the safest wallet in as much as one doesn't expose the seed to the wallet. The wallet is safe and it can't be easily hacked because the private to the wallet doesn't get out of the wallet.
indeed, such a wallet can provide a very high security, but when the wallet is accessed on some devices it must be completely safe from viruses because if there is a virus such as phishing or malware on a connected device, your wallet will be infected.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
June 14, 2019, 02:57:16 PM
Hardware wallet is very safe for storing assets. I currently use Trezzor for storage and hope that if there are no errors that will only make the assets become lost or stolen due to hacker actions
Definitely, we can make it safe even using online wallets but you've tried for a long term storing then,  hardware wallet was good at that.  It guaranteed to have a safe keep, only we need to put our keys in a safe place also to avoid from from losing it which seems to be hopeless if it will lost cause that's the only way we can open our wallet back.
sr. member
Activity: 882
Merit: 269
June 14, 2019, 02:56:33 PM
I personally think it is safe as an offline wallet offers the highest level of security for storing crypto is it involves storing the funds in a secured place that is not connected to any network. This type of wallet can also offer good protection against computer vulnerabilities. The hardware wallets are the best type of offline wallet that offers very high security and ease of use. Also, as these wallets allow backup, you can easily recover your funds if you lose this device.

One such example of a hardware wallet is Trezor. It operates as secure cold storage. You can easily transfer bitcoins to the device using the Trezor interface, which is accessible from macOS, Linux, Windows, and Android. Its interface is quite easy to use that lists your coins and recent transactions.

Trezor uses a 12 to 24-word seed for protection and recovery and a user-defined PIN. You can also add an encrypted passphrase to your wallet for an added layer of security.

what say u?
I have never used hardware wallet since I came into cryptocurrency and all my wallet are online wallet. I know it is risky but I don’t have any options because I am a trader. I need my funds to be in exchange in other to take investments opportunities as there come. Hardware wallet is better than online wallet but if you are a trader I think having you funds in exchange is better.
member
Activity: 546
Merit: 32
June 14, 2019, 02:46:10 PM
Hardware wallets are meant to be safe but the safety will be the based on how how secure we are keeping the private keys and the wallets.there are many hardware wallets available for cryptocurrencies to read but only very few were trusted enough to store any amount of cryptocurrencies so you also need to buy that one and keep your cryptocurrency safer remember buy hardware wallet only from the official website or you will lose your money as well.
member
Activity: 616
Merit: 12
Send&Receive Money Instantly, w/ no hidden costs
June 14, 2019, 12:59:54 PM
it is the safest but also the majority of people are still not easy to get goods because the selling and aftersales prices are quite far, and also the desktop wallet is easier because of its flexibility.
copper member
Activity: 210
Merit: 1
June 14, 2019, 12:14:50 PM
Nothing is safe in this world, especially in the crypto currencies industry. Just look at this forum and count how many posts about hacking are posted every day. However, a hardware wallet is much safer as a regular MEW.
full member
Activity: 726
Merit: 100
June 14, 2019, 12:09:52 PM
#99
I think hardware wallet is much safer to use, provided you have to be able to keep it well and not forget it
hero member
Activity: 1361
Merit: 506
June 14, 2019, 12:00:08 PM
#98
Hardware wallets are currently the safest way how to store your cryptocurrencies. But do not forget that the most vulnerable thing is backup phrase written on the paper or much worse to your computer.
full member
Activity: 910
Merit: 101
June 14, 2019, 11:48:49 AM
#97
offline hardware wallets are the best solution, because of the high security that very rarely will be stolen,
but we must be very careful to save it if we lose it most likely all the assets we have are lost too.
full member
Activity: 532
Merit: 101
June 14, 2019, 11:48:17 AM
#96
I don't know about hardware wallets because I often use software wallets, and about hardware security who don't know and I am more confident in the software wallet because it has proven to be safer than this, and again I am too comfortable with the wallet  has been very proven
full member
Activity: 756
Merit: 101
Oikos.cash | Decentralized Finance on Tron
June 14, 2019, 11:48:08 AM
#95
For sure, at least compared to other ways of keeping funds. But you have to make sure that hardware on which you are keeping crypto is safe as well.
and you also need to learn how to keep your seed phrase safe because, as a rule, such wallets can be hacked only because of the incorrect storage of a closed phrase
newbie
Activity: 42
Merit: 0
June 14, 2019, 11:41:07 AM
#94
For sure, at least compared to other ways of keeping funds. But you have to make sure that hardware on which you are keeping crypto is safe as well.
full member
Activity: 966
Merit: 102
June 14, 2019, 11:19:23 AM
#93
Hardware wallet is very safe for storing assets. I currently use Trezzor for storage and hope that if there are no errors that will only make the assets become lost or stolen due to hacker actions
full member
Activity: 672
Merit: 100
June 14, 2019, 10:40:54 AM
#92
Hardware wallet is actually the safest wallet in as much as one doesn't expose the seed to the wallet. The wallet is safe and it can't be easily hacked because the private to the wallet doesn't get out of the wallet.
full member
Activity: 840
Merit: 100
Oikos.cash | Decentralized Finance on Tron
June 14, 2019, 10:30:01 AM
#91
I bought ledger nano and thinking that it is the most safer than others! But as shown practice everything could be hacked even huge exchanges
but I did not hear the ledger wallet was hacked. I know cases of physical theft of these wallets but not remote hacking
full member
Activity: 896
Merit: 103
June 14, 2019, 09:58:43 AM
#90
I bought ledger nano and thinking that it is the most safer than others! But as shown practice everything could be hacked even huge exchanges
legendary
Activity: 2212
Merit: 1008
June 14, 2019, 07:17:11 AM
#89
The hardware wallet is very safe to keep all of the cryptocurrency, and we know that the hardware wallet supports almost all of the coins, so we don't have to worry. The hardware wallet doesn't have to always connect to the internet, and we can save it in the safe place which only we that will know the place. Many people have already use the hardware wallet because they are a concern with the safety of their coins, and they don't want to see something bad will happen later. The price of the hardware wallet itself is not too expensive so we can buy 1 or 2 hardware wallet to save the coin and we don't have to keep it in the exchanges.

Yes, it's true, but hardware wallets aren't actually very safe because hardware wallets are also vulnerable even we can lose our money when the hardware we use is damaged. Yes, but I think the hardware wallet is the best now, and we are fully responsible for what happens to our money. Of course we need to maintain the device we are using to minimize damage.
sr. member
Activity: 812
Merit: 250
June 14, 2019, 06:59:05 AM
#88
to my knowledge the best storage is using Hardware Wallet.
Wallet's many available options include online wallets, but until now Wallet's hardware is the safest.
member
Activity: 840
Merit: 40
June 14, 2019, 06:22:54 AM
#87
Hardware wallets have the highest security level as it can access only by the owner and no illegal access is possible because it can not be accessed online. Only the owner can make any transaction.
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