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Topic: hardware wallets safe? - page 5. (Read 10196 times)

full member
Activity: 980
Merit: 132
July 28, 2019, 01:05:25 AM
Trezor and ledger are the safest wallets at the moment and you can be sure about your funds. Since the coins are not stored on the computer, but in the wallet itself. If they want to break the wallet, hackers will need access to the wallet itself.
sr. member
Activity: 1022
Merit: 256
July 27, 2019, 09:41:40 PM
Hardware wallets are the best, in terms of security most especially. There cannot be any wallet safer than that. Unlike hot wallets, hardware wallets cannot simply be accessed by anyone through the internet. That makes it effectively unreachable to a certain extent, most especially during these times when hacking is becoming a bigger problem.
member
Activity: 490
Merit: 10
July 27, 2019, 09:38:09 PM
Hardware wallets are better than other wallets except offline wallets e.g paper wallet which i consider to be better than hardware and other wallets combine
jr. member
Activity: 498
Merit: 1
Worlds Simplest Cryptocurrency Wallet
July 17, 2019, 03:42:54 PM
Yes, there are your best bet when it comes to securing your funds. Except you lose your hardware wallet plus your passcode, you have nothing to worry unlike using ordinary wallet that can be phished.
full member
Activity: 728
Merit: 110
July 17, 2019, 03:38:42 PM
Several days ago I have received my first hardware wallet - ledger nano s. I wanted to start with the cheapest device on the market. Quality of the materials are not the best, but reasonable. What is sad that I can keep only 3 apps at the same time. This way I will have to buy more devices. From the security perspective, it looks ok and I like the buttons with which you have to approve the transaction.
newbie
Activity: 238
Merit: 0
July 17, 2019, 03:11:21 PM
My friends and I use cold wallets to store cryptocurrencies and they are really very good. After all, before that, my friends had their wallets cracked and they were losing their coins. Therefore, do not spare money to purchase a cold wallet!
sr. member
Activity: 812
Merit: 250
The Fourth Generation of Blockchain in DeFi
July 16, 2019, 12:47:03 AM
In my opinion, hardware wallets are one of the safest things to store your crypto in. Previously I used to store my crypto in a paper wallet they were safe but not that safe (physically) but ever since I started using hardware wallet I never went back.
member
Activity: 462
Merit: 10
July 14, 2019, 02:48:45 PM
IMHO, the 2FA provide enough security if you have less than 10k USD to manage if more I'm using Ledger and it is safe enough
sr. member
Activity: 938
Merit: 250
July 14, 2019, 02:46:23 PM
Hardware wallets are a very reliable way to store cryptocurrencies, if you have a large amount in cryptocurrency, then you should definitely buy a hardware wallet
member
Activity: 509
Merit: 10
July 14, 2019, 02:45:56 PM
Hardware wallets are safe, but if you do not follow the rules, you may lose your money from your hardware wallet
member
Activity: 742
Merit: 12
July 14, 2019, 05:41:43 AM
Hardware wallets are safe only if you can make sure that your device has no access to anybody else, including your passphrases, keys. Also, it is important that you purchase from a trusted source, cause the middlemen involved in delivering your wallet could use phising codes.
sr. member
Activity: 742
Merit: 250
July 14, 2019, 05:36:34 AM
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?

Cold wallet is one of the best asset protection methods available today. Just as many wallet mobile themselves claim to be "hard wallet without deveice" but many people have complained that they lost their properties via mobile wallet. So for me the hard wallet is still the best
sr. member
Activity: 364
Merit: 252
CryptoTalk.Org - Get Paid for every Post!
July 13, 2019, 06:29:13 AM
I agree. The safest wallets of course are hard wallets. This will insulate the wallet from illegal activities online, such as hacking, that might compromise the wallet's safety. But we need to realize also that if we use our coins for trading, it is expected that we are also saving some good amount in exchange wallets. Coins stored in hardware wallets are good as sleeping.
The safest wallets are not hardwallet's because you don't know what is in it unless you see the wallet built yourself.
Use a regular desktop wallet and encrypt it. Encrypt everything, even a folder.
full member
Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
July 13, 2019, 04:17:40 AM
Ever since hardware wallets were created they have successfully helped users within this space to maintain security of their assets as convinent as possible. There is no need to worry about any type of security breaches or cyber attacks as your coin is right there with you. Hardware wallets really shows what it means to be "decentralized", how? You own the keys to your wallet and can access it when you want to.
member
Activity: 350
Merit: 10
"In CryptoEnergy we trust"
July 13, 2019, 04:07:41 AM
nither hardware no online wallets not 100% safe. both might be hacked if owner will not observe simply rules of their safty using.

Agree, its still depend on us, on how we manage our assets, the bad thing about using hardware wallet for me is that, it can be lost for some reasons and if you have mo means to retrieve or you were not able to back up, it will be nothing and nonsense and a waste of time, but over all if im gonna compared the two wallets, id rather choose online wallets over hardware wallets, why? simply because online wallet is easy to operate and can be open everywhere, you just need an internet connection and you are good to go.
hero member
Activity: 2940
Merit: 593
Leading Crypto Sports Betting & Casino Platform
July 13, 2019, 03:20:18 AM
I have one and I think everyone should have one too, it's quite costly but it's worth it, this is highly recommended for bounty hunters and investors, it's probably the safest thing where you can keep your coins and it is built as the best coin storage.
full member
Activity: 925
Merit: 100
July 13, 2019, 03:13:47 AM
Hardware wallets are perhaps the most secured and trusted wallet. This is because they are entirely offline and entrusted in your care, if it gets compromised, then it means you have out the keys. Hardware wallets is also making waves as most people keeps using it owing to its security nature. Another wonderful feature is, it is easy to carry about.
member
Activity: 476
Merit: 10
July 13, 2019, 02:44:50 AM
Hardware wallet are very secured and very convenient, it cannot be easily hacked by anyone and it is the safest place where to put all your valuable altcoins. But it is only suitable to just holding coins because you will take much time to send fro wallet to exchange.
full member
Activity: 924
Merit: 100
GoMeat - Digitalizing Meat Stores - ICO
July 13, 2019, 02:31:59 AM
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 was thinking of buying Trezor or Ledger Nano S these days because I don't have plans in storing my precious assets in exchanges and centralised crypto wallets.

As of now, storing it in a hardware wallet is the safest of them all. I just need to plug it in, transfer my Bitcoin and other altcoins, and plug it out.

However, there are disadvantages as well such as being damaged by shock, dust and water, and getting it misplaced or lost. We just need to take good care of it.

Having hardwallet I think is necessary if we have a large portfolio. In addition to security, hardwallet is safer than hackers because it is not connected to the internet. Whatever type of wallet we use, it will be safer if we do not share a private key or seed word because other people can access our wallet
hero member
Activity: 2254
Merit: 658
Looking for gigs
July 13, 2019, 02:03:56 AM
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 was thinking of buying Trezor or Ledger Nano S these days because I don't have plans in storing my precious assets in exchanges and centralised crypto wallets.

As of now, storing it in a hardware wallet is the safest of them all. I just need to plug it in, transfer my Bitcoin and other altcoins, and plug it out.

However, there are disadvantages as well such as being damaged by shock, dust and water, and getting it misplaced or lost. We just need to take good care of it.
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