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Topic: hardware wallets safe? - page 14. (Read 10196 times)

hero member
Activity: 3024
Merit: 745
Top Crypto Casino
June 14, 2019, 06:32:46 AM
#86
A hardware wallet for me is the best, when you are about to send bitcoin or any altcoin from that wallet, ledger nano s to be specific. There's a need to confirm that with the hardware itself. Just keep your recovery phrase in a safe place and your funds will be safe too.
member
Activity: 812
Merit: 11
June 14, 2019, 06:20:24 AM
#85
I agree that hardware wallets are the most reliable means to protect and store your cryptocurrency. I think that if you invest large sums in cryptocurrency, you should have purchased such a device for a long time, otherwise you will lose everything.

Hardwallet is most secure thing to store our coin or token. But if we are keep our coin and token in website wallet like MEW should be safe as long we keep private key secure and not share it to anyone.
The important thing is we should not hold our coin in exchangers wallet because hackers always want to find a way to hack exchangers and stole our coin
member
Activity: 490
Merit: 10
June 14, 2019, 06:00:54 AM
#84
Yes, those are much safer compared to usual wallets. But it doesn't makes sense if you have small amount of crypto, because in this case it is better to switch on active trading mode))
member
Activity: 330
Merit: 10
June 14, 2019, 05:48:54 AM
#83
However, even hardware wallets are prone to attacks including physical attacks to abstract keys, fault attacks to disrupt a wallet’s chip causing faulty behavior or hacker access, and side channel attacks, which involves a hacker “listening” to the chip’s electric or electromagnetic signature to gain access to the device.
full member
Activity: 700
Merit: 100
June 14, 2019, 04:50:36 AM
#82
I agree that hardware wallets are the most reliable means to protect and store your cryptocurrency. I think that if you invest large sums in cryptocurrency, you should have purchased such a device for a long time, otherwise you will lose everything.
member
Activity: 742
Merit: 10
June 14, 2019, 04:34:58 AM
#81
for me yes, its the most safest way to store your crypto currency.. unlike webwallet or other platform that we are using to store our crypto, they can completely disappear if they want..
jr. member
Activity: 394
Merit: 1
June 14, 2019, 04:13:24 AM
#80
Yes, we know that it is a hardware wallet, one of the safest wallets to store assets that we have, even now I have never heard from anyone else, or I personally experience hacking constraints in this hardware wallet. I use hard wallets like Ledger Nano S. and this is very safe
full member
Activity: 994
Merit: 106
Official Street Team member
June 14, 2019, 03:54:26 AM
#79
I have a Ledger Nano S hardware wallet, I think it's very safe because every transaction requires confirmation from us before the transaction can be approved, and of course it's very safe from hackers
hero member
Activity: 2912
Merit: 556
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June 14, 2019, 02:50:29 AM
#78
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.
hero member
Activity: 1190
Merit: 541
June 14, 2019, 02:43:32 AM
#77
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 think everyone believes too that hardware wallet is still the best and safest means of keeping your cryptocurrency, and as you said, you are not Prone to any form of security threat that is common with online and desktop wallets.

The only reason why people may not just be using it as it ought to be used is the fee attached to it, its financial commitment could be a little bit high for some people I think, which are usually done on yearly basis, and another issue I see with hardware wallet is that it cannot be used by those that are careless, although if lost can be retrieved once the phrases and pass coded are still being remembered.
member
Activity: 210
Merit: 15
June 13, 2019, 10:46:25 PM
#76
Hardware wallets are the most safe wallets out there but it depends on your way of keeping it. because if you still mess with its security feature I mean if you expose it on somebody. It may be steal or lose you need to put it on something that no one knows about it except you.
full member
Activity: 686
Merit: 131
June 13, 2019, 10:40:47 PM
#75
I love hardware wallets, I have a ledger nano.
They truly are secure.
I have seen some genius hacker hack a ledger once, but I'm not concerned.
In order for someone to be able to do that, they would have to physically get a hold of my ledger.
(and also have the skills).
That ain't happening, it's in my safe.

I used to just do cold storage with paper wallets.
It was free, totally secure, and easy.
But after I started to get cluttered with so many addresses and keys, I just put it all in my ledger.
It's been great.
sr. member
Activity: 574
Merit: 251
June 13, 2019, 09:03:41 PM
#74
hardware wallets - one of the safest places to store cryptocurrency. I have been using the ledger wallet for a long time and have never regretted it.
jr. member
Activity: 498
Merit: 1
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June 13, 2019, 08:38:46 PM
#73
Reputable hardware wallets are the safest means of storing one's cryptocurrencies. They haven't been any known issues with the renowned hardware wallets.
full member
Activity: 638
Merit: 118
June 13, 2019, 07:58:09 PM
#72
Yes, they are the safest wallet for the cryptocurrency! But you have to be careful! Like you have to keep the phrase codes very secret, never store your phrase on online, do not take pictures of your codes, just write down phrase codes in a paper and keep that in a safe place and try to use the official cable! If you follow these simple things, then your funds will remain safe in hardware wallets!
sr. member
Activity: 1176
Merit: 265
June 13, 2019, 06:14:17 PM
#71
There are two way how you can lost your money.
You lost the wallet and hacker will find out the pin code.
You lost the paper with the words and situation for the hacker is much easier.
hero member
Activity: 2730
Merit: 632
June 13, 2019, 06:09:47 PM
#70
Yes, hardware wallets are the safest way to store cryptocurrency. I don't use it, but I plan to buy it. As far as I know Tresor is the best of them.
There are other hardware wallets but among them Trezor is mostly preferred.
I'm saying that this is really safe compared to web and wallets that are attached online but not totally in the sense
it is 100% safe.There are tendency of loss of funds like lost of that hardware wallet or any other natural calamity or even being broken.
This is why always have that seed or PK kept on other storage like written on a piece of paper for having 1 or more copies.
sr. member
Activity: 770
Merit: 250
June 13, 2019, 06:06:05 PM
#69
Yes, hardware wallets are the safest way to store cryptocurrency. I don't use it, but I plan to buy it. As far as I know Tresor is the best of them.
full member
Activity: 602
Merit: 111
June 13, 2019, 03:25:43 PM
#68
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?
definitely the hardware wallets is more safer than the normal online wallets but one thing is you need to save your your hardware wallet in a safe place only it will be in good and safe situation
full member
Activity: 826
Merit: 104
June 13, 2019, 03:02:05 PM
#67
bitex is working to bring an wallewt called zeusx and i think thats really safe and will be best b.trezor is good one but not fully safe.every wallet is hacable Smiley
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