Hardware wallets do have an added layer of security but if you are cautious and aware of what you are doing, you can easily secure it.
For larger balances and for storing a long time, I'd always recommend paper wallet. You can just print the qr code from any generator and store it in a vault.
Crypting the private key with your secret algorithm would take any bearers 1000s of year to crack it.
Topic: Hardware wallets to store altcoins - too expensive? (Read 764 times)
I noticed that a lot of people in the crypto space are actually quite interested in hardware wallets to store their coins and tokens, but for many the price is still simply too expensive.
I think that's part and parcel of being our own bank. It's better to get a full functioning trusted hardware for a better price so that you know your investments are safe from any attacks. If you invested $100K in crypto, $100 dollar of hardware wallet is nothing, I guess.
If there was an option to buy a hardware wallet, such as Ledger or Trezor, for a fraction of the current prices, would you personally be interested in getting one? For instance, if there was an older model that lacks some fancy features compared to the newer version of the wallet but works fine both to store and transact multiple cryptocurrencies, would this grab your attention?
Older model? Probably, but it's need to be original and not refurbished or something.
A hundred dollars for a hardware wallet seems to be rather expensive. This might not be the case for people who are relatively well off in the first place, yet if you hold only about fifty dollars worth of cryptocurrencies, indeed it doesn't seem to make much sense to spend double that to secure your coins. However, in the long run, as you work on increasing the amount of coins you hold, it might be a wise investment. It would be great if manufacturers were to offer models that are a lot more affordable.
I guess manufacturers are charging expensive because it took them time and money as well to developed their model to be secure and trusted.
Other than price, are there other factors that are holding you back from taking the plunge to hardware devices? Is the price the main factor?
I'm not saying I'm well-off or something, I always value security so it's a easy decision to me to invest into a hardware wallet as well.
I noticed that a lot of people in the crypto space are actually quite interested in hardware wallets to store their coins and tokens, but for many the price is still simply too expensive.
If there was an option to buy a hardware wallet, such as Ledger or Trezor, for a fraction of the current prices, would you personally be interested in getting one? For instance, if there was an older model that lacks some fancy features compared to the newer version of the wallet but works fine both to store and transact multiple cryptocurrencies, would this grab your attention?
A hundred dollars for a hardware wallet seems to be rather expensive. This might not be the case for people who are relatively well off in the first place, yet if you hold only about fifty dollars worth of cryptocurrencies, indeed it doesn't seem to make much sense to spend double that to secure your coins. However, in the long run, as you work on increasing the amount of coins you hold, it might be a wise investment. It would be great if manufacturers were to offer models that are a lot more affordable.
Other than price, are there other factors that are holding you back from taking the plunge to hardware devices? Is the price the main factor?
If there was an option to buy a hardware wallet, such as Ledger or Trezor, for a fraction of the current prices, would you personally be interested in getting one? For instance, if there was an older model that lacks some fancy features compared to the newer version of the wallet but works fine both to store and transact multiple cryptocurrencies, would this grab your attention?
A hundred dollars for a hardware wallet seems to be rather expensive. This might not be the case for people who are relatively well off in the first place, yet if you hold only about fifty dollars worth of cryptocurrencies, indeed it doesn't seem to make much sense to spend double that to secure your coins. However, in the long run, as you work on increasing the amount of coins you hold, it might be a wise investment. It would be great if manufacturers were to offer models that are a lot more affordable.
Other than price, are there other factors that are holding you back from taking the plunge to hardware devices? Is the price the main factor?
Its quite cheaper compared to credit cards and other banking services. Additionally, you would only paying once unlike on the banks that they just charge you for every transactions you'd made with your card or any of their services. I really suggest that if you are an investor, you should get a hardware wallet. Its convinient and safe compared to online wallets out their that may also sell your information if things gets worst.
I dont think buying hardwallet is too expensive compare with the security. I think the security of our wallet is more important than the price of hardwallet. Its more safe if we store our altcoin in hardwallet because right now many hackers trying to steal our coin and token
For some people, they might consider the price of a hardware wallet is expensive. But for me, nothing. Because $100 is the accordance price to the level security of that hardware wallet. But, as long as we can keep our wallet safe, then using the trusted software wallet is not a matter.
Don't forget about we can use it for long time and i think even $100 is not really expensive. Because even now that people only have small amount to safe, in future if they get big amount of money, thet not confused again where they will save their money.
Those who have small amount of fund it's hard for them to buy a hardware wallet cause most of them are a little bit expensive. But if you have large amount to store then I will always suggest a good hardware wallet like ledger nanao s or trezor. I personally prefer ledger nano S cause it has good security small easy to use and secure. The main factor is the security in my opinion not the money if you someday lose(hope not) a lagre amount of money or maybe not that large maybe a 1000-800$ fund that is better to buy a wallet than this. So if you have some extra money always go for it.
For some people, they might consider the price of a hardware wallet is expensive. But for me, nothing. Because $100 is the accordance price to the level security of that hardware wallet. But, as long as we can keep our wallet safe, then using the trusted software wallet is not a matter.
If you have a lot of bitcoin it's just prefer that you use hardware wallet tHan storing on online wallet that you don't have any asurance of security and easy to hack. In terms of price I think not much expensive but it depends on the brand because my friend bought hardware wallet around $200 from France and dilevered in our country.
security must be the first, I think the biggest regret is when you lose your assets in large quantities.
however the decision is your choice. I think it's very easy to use a hardware wallet.
however the decision is your choice. I think it's very easy to use a hardware wallet.
hardware wallet is also not the best choice and also does not mean having the highest security, it all depends on how we maintain, from the beginning I know crypto, and only using Private Key is more than enough to secure assets, no need for wallet hardware.
I think it depends on your asset, if you have a big crypto asset, you should own hardware wallet. About the price sometime there is people in this forum who offer to use his/her affiliate link to buy it in official website, they offer a cashback that will help you to reduce price.
I don't think hardware wallets are too expensive. I bought for $ 100, but this money spent guarantees you the safety of your coins and it's worth it!
hardware wallet are currently the safest places where to keep their coins, unfortunately i think they are very expensive, good results at security level can also be obtained with a software wallet as exodus or doing offline transactions with myetherwallet
I noticed that a lot of people in the crypto space are actually quite interested in hardware wallets to store their coins and tokens, but for many the price is still simply too expensive.
If there was an option to buy a hardware wallet, such as Ledger or Trezor, for a fraction of the current prices, would you personally be interested in getting one? For instance, if there was an older model that lacks some fancy features compared to the newer version of the wallet but works fine both to store and transact multiple cryptocurrencies, would this grab your attention?
A hundred dollars for a hardware wallet seems to be rather expensive. This might not be the case for people who are relatively well off in the first place, yet if you hold only about fifty dollars worth of cryptocurrencies, indeed it doesn't seem to make much sense to spend double that to secure your coins. However, in the long run, as you work on increasing the amount of coins you hold, it might be a wise investment. It would be great if manufacturers were to offer models that are a lot more affordable.
Other than price, are there other factors that are holding you back from taking the plunge to hardware devices? Is the price the main factor?
If there was an option to buy a hardware wallet, such as Ledger or Trezor, for a fraction of the current prices, would you personally be interested in getting one? For instance, if there was an older model that lacks some fancy features compared to the newer version of the wallet but works fine both to store and transact multiple cryptocurrencies, would this grab your attention?
A hundred dollars for a hardware wallet seems to be rather expensive. This might not be the case for people who are relatively well off in the first place, yet if you hold only about fifty dollars worth of cryptocurrencies, indeed it doesn't seem to make much sense to spend double that to secure your coins. However, in the long run, as you work on increasing the amount of coins you hold, it might be a wise investment. It would be great if manufacturers were to offer models that are a lot more affordable.
Other than price, are there other factors that are holding you back from taking the plunge to hardware devices? Is the price the main factor?
Me as a cryptocurrency holder doesn't really advice for others to keep their coins in a hardware wallet. Hardware as we know can be manipulated, and software wallet also, but the advantage is that, software wallet do not needed some cash in order to be use.
You can also have an offline computer to do plenty of things, including storage of your private key.
Well, a stand-alone computer will cost is clearly higher than ledger )so I think it is not necessary to be greedy and it is better to spend and buy a purse , with it you will hardly be able to steal money !
You can also have an offline computer to do plenty of things, including storage of your private key.
I noticed that a lot of people in the crypto space are actually quite interested in hardware wallets to store their coins and tokens, but for many the price is still simply too expensive.
If there was an option to buy a hardware wallet, such as Ledger or Trezor, for a fraction of the current prices, would you personally be interested in getting one? For instance, if there was an older model that lacks some fancy features compared to the newer version of the wallet but works fine both to store and transact multiple cryptocurrencies, would this grab your attention?
A hundred dollars for a hardware wallet seems to be rather expensive. This might not be the case for people who are relatively well off in the first place, yet if you hold only about fifty dollars worth of cryptocurrencies, indeed it doesn't seem to make much sense to spend double that to secure your coins. However, in the long run, as you work on increasing the amount of coins you hold, it might be a wise investment. It would be great if manufacturers were to offer models that are a lot more affordable.
Other than price, are there other factors that are holding you back from taking the plunge to hardware devices? Is the price the main factor?
When you made mention of the cost relative to people's capital, I agree with you on it. It's just insane to spend more than you're worth just to protect it. But with time, I'm sure people will be able to afford it. If the market was still the same as it used to be, it could've been an insignificant amount. If there was an option to buy a hardware wallet, such as Ledger or Trezor, for a fraction of the current prices, would you personally be interested in getting one? For instance, if there was an older model that lacks some fancy features compared to the newer version of the wallet but works fine both to store and transact multiple cryptocurrencies, would this grab your attention?
A hundred dollars for a hardware wallet seems to be rather expensive. This might not be the case for people who are relatively well off in the first place, yet if you hold only about fifty dollars worth of cryptocurrencies, indeed it doesn't seem to make much sense to spend double that to secure your coins. However, in the long run, as you work on increasing the amount of coins you hold, it might be a wise investment. It would be great if manufacturers were to offer models that are a lot more affordable.
Other than price, are there other factors that are holding you back from taking the plunge to hardware devices? Is the price the main factor?
For me, I still use ERC20 wallet to store, my property value is not much so I do not buy hardware wallet but if your property value is high, I think you should buy hardware wallet for more security
to my knowledge, that wallet hardware is more expensive than what you think, but in reality this is very in accordance with the security that they offer in terms of security.
I have always a to get myself a hard wallet. The price just blew me off. I still have interest in that anyway, that is if the price is cheaper than what I was earlier told.
security must be the first, I think the biggest regret is when you lose your assets in large quantities.
however the decision is your choice. I think it's very easy to use a hardware wallet.
Yes, security is first and must for your wallet. Hardware wallet needs to pay but it gives more security than online free wallet. Although i use online wallet, i didn't use hardware wallet before but now i am thinking to switch from online wallet to hardware wallet.however the decision is your choice. I think it's very easy to use a hardware wallet.
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