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Topic: hardware wallets safe? - page 2. (Read 10230 times)

sr. member
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
October 29, 2019, 09:07:19 AM
   It`s the best when there is a wallet on official site, hardware wallet on official site is the best option for me. Not every coin
I posses have that, but if it have I will use it without questions. I don`t like third party services, I avoid that when ever I can!
   Hardware wallet are one of the safest wallets. In every way you have your private keys with you, and that`s the most important
thing, private keys, if you don`t have them you are not owner of that wallet.
jr. member
Activity: 57
Merit: 1
October 29, 2019, 08:57:15 AM
Hardware Wallet is the best and safest when it comes to storing cryptocurreny. And one thing is to make sure to store the keys and the Hardware wallet in a secure place to avoid being stolen and utilized at the long run.
sr. member
Activity: 2296
Merit: 315
SOL.BIOKRIPT.COM
October 15, 2019, 09:03:54 PM
Faster hard ware wallet for saving coin than online exchange wallet, hard ware wallet only access with hard ware you save token not reason for get access by any one of do not have hard ware wallet, put phase word for access to hard ware wallet. Investor of ICO must have hard ware wallet if hold altcoin for long term to make safety than hold in exchange wallet where can stole by hacker, although your computer hacke but your token safe if use hard ware wallet.
sr. member
Activity: 1270
Merit: 254
Oikos.cash | Decentralized Finance on Tron
October 15, 2019, 10:14:34 AM
Nothing can't replace the hardware wallet. A hardware wallet is the safest wallet in this crypto world. But online wallet also safe if we know how can we keep our account secure otherwise online wallet isn't safe at all. A hardware wallet isn't free at all. We need to pay a good amount of money to keep our cryptocurrencies safely.
I also think that today cold wallets are the safest places to store your cryptocurrency, but it seems to me that something more reliable will be invented soon
sr. member
Activity: 742
Merit: 251
October 15, 2019, 10:05:29 AM
Nothing can't replace the hardware wallet. A hardware wallet is the safest wallet in this crypto world. But online wallet also safe if we know how can we keep our account secure otherwise online wallet isn't safe at all. A hardware wallet isn't free at all. We need to pay a good amount of money to keep our cryptocurrencies safely.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
October 15, 2019, 09:41:55 AM
Definitely much better than browser or desktop wallets. But on the other think I believe it is still better to keep your funds on 20 exchanges and wallets instead of holding everything in one basket. Always use diversification to reduce the risks Smiley
Ya, but 20 exchanges are ridiculously high number and you don't even want to check them one by one lol and I doubt those 20 exchanges are even legit to store your own money. I'd rather just store in 3 - 4 exchange those are really legit if I want to store it in exchanges.
the strangest idea is to think that holding your money on a large exchange is safe. there is no exchange which guarantees the safety of money and the risks of hacker attacks are much higher than on cold wallets
Indeed. If you are considering exchange wallets better to think twice there's no assurance that they can prevent or avoid hackers to attack them, aside from that there's also possibilities of inside job or exchange exit excuses. It's advisable to have hardware wallet if you are here for longer stay.

If you do plan to make this venue for investment and business purposes, having hardware wallet will save your assets much safer.
sr. member
Activity: 938
Merit: 251
October 15, 2019, 09:30:27 AM
Hard ware wallet safety for saving your token than you save in your exchange wallet, I got my friend have use hard ware wallet for save their token because they ever lost coin in myetherwallet or exchange wallet, I will try use hard ware wallet when I got many coin from investing and from bounty campaign, I want to feel how safety using hard wallet for saving our token than use exchange or online wallet.
full member
Activity: 2184
Merit: 100
SOL.BIOKRIPT.COM
October 15, 2019, 09:03:36 AM
Hardware wallets are quite safe to store your coins. I am also using Trezor to avoid any mishappening. It's not easy to hack the hardware wallet until and unless you attached it with the system. One thing I would also add always keep safe your 12-24 digit word seed.
10c
full member
Activity: 658
Merit: 100
BuyAnyLight - Blockchain LED Marketplace
October 15, 2019, 08:17:06 AM
Definitely much better than browser or desktop wallets. But on the other think I believe it is still better to keep your funds on 20 exchanges and wallets instead of holding everything in one basket. Always use diversification to reduce the risks Smiley
Ya, but 20 exchanges are ridiculously high number and you don't even want to check them one by one lol and I doubt those 20 exchanges are even legit to store your own money. I'd rather just store in 3 - 4 exchange those are really legit if I want to store it in exchanges.
the strangest idea is to think that holding your money on a large exchange is safe. there is no exchange which guarantees the safety of money and the risks of hacker attacks are much higher than on cold wallets
sr. member
Activity: 868
Merit: 257
October 15, 2019, 08:16:53 AM
Hardware wallet is very safe to store your keys.
But, no system is safe, keep your hardware to safest place.
Not your keys not your wallet
Both software and hardware wallet is safe in order to store our keys, it only depends on how we will take care of our keys in order for us to be safe on losing some money. Yes, it is true that no system is safe for hackers and we all know that because although the system is hardly secured a hacker will also have a way on how they will take down the system and steal our money.
So that it reminds me that we must be always careful about storing our wallets in the safest place as possible, and we must really secure our keys and wallet and avoid clicking phishing websites in order for our money to be safe.
sr. member
Activity: 742
Merit: 329
CryptoTalk.Org - Get Paid for every Post!
October 15, 2019, 07:30:14 AM
Yes, hardware wallets sure is safe. Just be sure to hide the seed so that no one could open your wallet. That is the safest wallet of all. There were some people advising us not to put your seed in your pc, because once a virus goes in, it may harm your wallet.
It is not a good idea to store your wallet seed inside your desktop especially when it is always connected to the internet. You should store it offline and keep it safe and dry and also away from people that can use the seed and bypass your wallet. You should not share it to anyone unless you are dying and you want to give it or pass it to another person that you trust.
sr. member
Activity: 840
Merit: 268
October 13, 2019, 12:39:06 PM
Yes, hardware wallets sure is safe. Just be sure to hide the seed so that no one could open your wallet. That is the safest wallet of all. There were some people advising us not to put your seed in your pc, because once a virus goes in, it may harm your wallet.
hero member
Activity: 2912
Merit: 526
Reward: 10M Shen (Approx. 5000 BNB) Bounty
October 13, 2019, 12:27:03 PM
Definitely much better than browser or desktop wallets. But on the other think I believe it is still better to keep your funds on 20 exchanges and wallets instead of holding everything in one basket. Always use diversification to reduce the risks Smiley
Ya, but 20 exchanges are ridiculously high number and you don't even want to check them one by one lol and I doubt those 20 exchanges are even legit to store your own money. I'd rather just store in 3 - 4 exchange those are really legit if I want to store it in exchanges.
copper member
Activity: 238
Merit: 0
October 13, 2019, 12:07:27 PM
Definitely much better than browser or desktop wallets. But on the other think I believe it is still better to keep your funds on 20 exchanges and wallets instead of holding everything in one basket. Always use diversification to reduce the risks Smiley
hero member
Activity: 3094
Merit: 537
Leading Crypto Sports Betting & Casino Platform
October 13, 2019, 11:34:10 AM
Hardware wallets are very safe when compared to App wallet or web wallet, as long as you keep your seed safe, then you are also safe. In cases where you can't get the hardware wallet and you are using app or web wallet, make sure to protect your private keys and also avoid clicking on phishing sites which may lead to your wallet.

Saving the seed words are also dangerous though. You should just write down the seed into a paper and save the paper in a safe place but easy to reach. And your wallet will be quite safe, but still not safe as hardware wallet
Seed key is like a privkey it's just as important so yeah I do agree that saving a seed key to a safe place is the most crucial thing when using a hardware wallet. Most of the people I know that uses hardware wallet are always encrypting their seedkey with any means and adding security measures for their seed.

However, it just seems not worth it for people with cryptos' value that equals to pennies that's just simply wasting time. Although using hardware wallet is highly recommended for people with a low amount of money a desktop wallet should fulfill all the needs.
newbie
Activity: 88
Merit: 0
October 13, 2019, 11:13:17 AM
I would like to get some more details about this hardware wallets and about it's safety at the same time. Because safety is always an important issue for me.
sr. member
Activity: 938
Merit: 256
October 13, 2019, 11:09:01 AM
Hardware wallets are very safe when compared to App wallet or web wallet, as long as you keep your seed safe, then you are also safe. In cases where you can't get the hardware wallet and you are using app or web wallet, make sure to protect your private keys and also avoid clicking on phishing sites which may lead to your wallet.

Saving the seed words are also dangerous though. You should just write down the seed into a paper and save the paper in a safe place but easy to reach. And your wallet will be quite safe, but still not safe as hardware wallet
full member
Activity: 646
Merit: 100
tozex.io
October 13, 2019, 10:58:47 AM
Hardware wallets are very safe when compared to App wallet or web wallet, as long as you keep your seed safe, then you are also safe. In cases where you can't get the hardware wallet and you are using app or web wallet, make sure to protect your private keys and also avoid clicking on phishing sites which may lead to your wallet.
hero member
Activity: 1974
Merit: 502
Vave.com - Crypto Casino
October 13, 2019, 10:24:52 AM
It is safe thogh you have it with you physically but the downside of it is it when you lost in somewhere and cannot be found anymore. On the other hand, software wallets is somehow good since it plays along with the account itself so, you have the concurrent access with it, and at the same you can have multiple views. What I mean to say is that you have the access in different platforms unlike the hardware wallet. But the thing is software wallets is prone to hacking, while the other one isn't but prone to losing it physically.

Do that mean both physical and online wallet does not guaranteed safe at all when proper handling will be missed out? I think we must observe to which of the two will be compatible on your preference. For now, we should choose whether it's a hardware wallet or an online wallet, as long as there's confidentiality of those important keys which potentially be breached out of your security.
full member
Activity: 1064
Merit: 101
October 13, 2019, 09:37:18 AM
Purchasing a well established hardware wallet should be a no brainer for everyone that is holding a hefty amount of crypto funds, even if that bag is worth only 500$. Brute force attacks on hardware wallets are rare, so if you are not totally reckless with it, you should not worry about it, but be sure to purchase it from the official sources and not some shady ones via whom you could save 10 or 20 bucks.
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