Topic: hardware wallets safe? - page 3. (Read 10196 times)
yes you are right a hardware wallet is a safe way to store our bitcoins. if something bad happens to our computer bitcoin we will stay safe. even I heard there are some hardware wallets made by Butterflylabs that can avoid the dangers of viruses, hardiness and waterproof. as long as we store the seeds well. our crypto wallet will be safe.
Why is this sudden concern about the hardware wallets? I have never used them (partly because purchasing them here in India is not very economical. I need to spend $250 to purchase a Trezor wallet which costs $100 in other countries). I have never heard about hardware wallets getting hacked and the coins stolen from them. The most frequent complaint that I have heard is the coins getting lost, as a result of the user forgetting his password or private key. But in this case, the user should blame himself for the carelessness and it won't be fair to blame the wallet for that. It is a very basic thing to store multiple backups if you are using a hardware wallet.
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?
There is no doubt about the safety of our funds in a hardware wallet. I bought a hardware wallet for safety purposes, all of my funds are in my hardware wallet. I can ensure that there is no one who can hack my funds inside my wallet. 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?
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.
if you keep a private key, it is better to write it in a notebook. if you want to store the token safely and have no money on Trezor or similar. you should download the coin wallet, throw it on a flash drive and store tokens there.
Yes as long as you have your private key, you can assure your crypto investment.Even if your own hardware wallet will be damaged, you can still open it with the same hardware wallet using the same private key to access your wallet. It is safe because it is accessible offline. Every information of your wallet will not be leaked to anyone who tries to hack your private key because it also has a PIN which is needed before having a full access of the wallet.
Of course, most attacks are conducted online since it's easier and vulnerabilities may be present in the system of the victim. Especially if one uses pirated softwares, embedded with keyloggers or clipboard fetching softwares. If one's not so careful, he might be fooled by some phishing sites. There's no 100% secure system, it really depends on the user's carefulness on handling transactions. As long as you don't install anything malicious, connect using secure networks only, and be alert on online activity, you'll be fine.
if you keep a private key, it is better to write it in a notebook. if you want to store the token safely and have no money on Trezor or similar. you should download the coin wallet, throw it on a flash drive and store tokens there.
Yes, they are very safe, all you need to do is keep your seed safe. Hardware wallets are adviced or preferred because once your seed are safe then your coins are safe. They are safer that web and App wallets. Generally, no matter the wallet we are using, we should endeavour to keep our seed and private keys safe.
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?
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?
For now I have never used a hardware wallet. I am interested in the wallet, but I am not experienced in this. What if the hardware wallet is damaged, can the data still be retrieved?
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?
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?
For now I have never used a hardware wallet. I am interested in the wallet, but I am not experienced in this. What if the hardware wallet is damaged, can the data still be retrieved?
Hardware wallets are made to be used as a safe device to store your crypto so they ought to be safe. But still the safety of your coins largely depends on the ways you use and store them and their seeds and private keys. A carelessly used hardware wallet maybe riskier than a properly used desktop wallet or even a web based wallet.
It is considered to be the safest wallet for our cryptocurrency, designed to fight malwares/phishing that was the basic root of hacking. Using hardware wallet will help to secure your investment using your computer device, it is created with high security private keys. It is also user friendly to easily access by anyone who wants to use it.
Hardware wallets are made to be used as a safe device to store your crypto so they ought to be safe. But still the safety of your coins largely depends on the ways you use and store them and their seeds and private keys. A carelessly used hardware wallet maybe riskier than a properly used desktop wallet or even a web based wallet.
Hardware wallet is really safe because it is difficult for hackers to access in a hardware wallet, but some says hackers can still access to it when you started to go online with your hardware wallet, that is why you should still be careful in the sites that you visit because maybe it is one of the ways for them to see your hardware wallet.
I believe that the safest wallets in the cryptocurrency are hardware wallets, because there is almost no way that crooks will be able to get data from their wallets and then log in
Depends on the skill level of those who use them. That level should match to technicalities of hardware wallets, if not, then there's a chance to loose all even with those wallets.
I'm a huge fan of hardware wallets, and I've used quite a number of them. Not only are they secure, they allow you to store essentially any altcoins you want on them (at least most of them do). You could use a multicoin wallet like coinomi on your smartphone, but what happens if that phone gets stolen or you lose it? You aren't carrying around a hardware wallet all the time like you do with your phone.
The only security issue of note is keeping the seed phrase safe and remembering all of the passwords and such, but that's true of any wallet that uses passwords and phrases.
If anyone is getting started with hardware wallets, I would suggest getting a ledger or trezor. They both function wonderfully and they don't cost that much either. I love mine.
The only security issue of note is keeping the seed phrase safe and remembering all of the passwords and such, but that's true of any wallet that uses passwords and phrases.
If anyone is getting started with hardware wallets, I would suggest getting a ledger or trezor. They both function wonderfully and they don't cost that much either. I love mine.
If you have bitcoin for several thousand dollars, you should think about buying a hardware wallet. In the future, it could turn into several hundred thousand dollars.
Even if you have less than that or if you own an assortment of altcoins a hardware wallet is still worth considering. They really are cool devices.
Safety doesn't depend on what type of wallet do you have. It all depends on how you manage your wallet. Even with a hardware wallet but you are not really taking care of it then it is still useless and you might still experience some incidents like getting hacked or getting your cryptocurrencies stolen. On the other hand, if you are really careful and you do all of the precautions then hardware wallets and even the online wallets are really safe.
hardware wallet is the safest way to store cryptocurrency.. as long as you keep your seed in safe place no one can take your crypto
I definitely agree with you, I already have hardware wallet and most of my cryptocurrencies are there. Most of my bitcoin and ethereum are stored in my hardware wallet then I keep it my safety cabinet which is also have lock. I know some of the member who have a lot of cryptocurrencies use this kind of wallet because we want to secure and we know there are hackers that can stealth our crypto. Lastly, I print my seed phrase and then I also stored in my safety cabinet. I believe that the safest wallets in the cryptocurrency are hardware wallets, because there is almost no way that crooks will be able to get data from their wallets and then log in
The hardware wallet is very reliable when observing the security rules. I recommend buying hardware wallets only from the manufacturer.
Hard wallet software safety than you use or save your token with exchange wallet or put in online wallet like myetherwallet, when you use your hard ware wallet your token only can access with your software and not one can hack your token if your hardware wallet still in your hand, for every one have multi kinds assets better buy hardware wallet and save your assets there.
I believe that the safest wallets in the cryptocurrency are hardware wallets, because there is almost no way that crooks will be able to get data from their wallets and then log in
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