Topic: Hardware wallets to store altcoins - too expensive? - page 2. (Read 706 times)
there is no word too expensive if it is for the security of our own money, precisely if you lose your crypto assets because you keep it on the exchanger it will cost much more, it's okay to buy a wallet that is very expensive as long as it's safe
It's not too expensive compared to the amount you want to keep safe. People who use hardwave wallet are people who have huge amounts of money and they want their money to be as safe as possible, so $ 100-200 will not be a problem for them
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?
I think cheap or expensive is a relative things, if what we kept in the wallet is a big amount of fund and we also wishing to have maximum security, then it won't be 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?
But if what we had is just small amount of fund then it became expensive
A hardware wallet is very convenient. You don’t need to have wallets online that you don’t trust, you can download many blockchains to your computer. Having an investment of even $ 5,000, don’t spare $ 100 on a wallet, it’s very convenient and safe.
I do not understand for whom they are portobny at all? I doubt that the so-called whales or large exchanges keep their cold wallet on them. I think there is a great risk that the coins will once be stolen on such purses and do not trust them at all.
Prevention is always cheaper than cure.
Imagine if you lost only 100USD in a crypto so it would pay off.
I own Ledger Nano and I must say that it was my best decision.
Imagine if you lost only 100USD in a crypto so it would pay off.
I own Ledger Nano and I must say that it was my best decision.
What is more expensive and will shake your head is when the trading platform or the wallet you are using where your funds are sitting were hack. I also don't wanted to buy a hardwallet before because it was too expensive for me but what funny is that I earned a lot on 2017 more than the price of a Trezor or Ledger. Based on my experience, the main reason why most crypto enthusiast were unable to buy hardwallet is because they are not aware or afraid how this thing works or don't have a device like laptop to connect the hardwallet.
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.
its depend how much the value from your crypto assets my friend
if you have more than $10K i think a hardware wallet is not expensive even its good enough to store all your assets in one wallet my friend
but if you only hold about $500 even less,, i think a hardware wallet will be too expensive for you,,
if you have more than $10K i think a hardware wallet is not expensive even its good enough to store all your assets in one wallet my friend
but if you only hold about $500 even less,, i think a hardware wallet will be too expensive for you,,
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?
I got a hardware wallet when my crypto portfolio went 10x more than the cost of the wallet.
$100 for a Ledger holding $1,000 worth of tokens/eth is a good ratio/justification to protect your crypto.
I still store some eth & tokens in several MEW since I don't carry my Ledger everytime. Only those for long term are stored in the HW wallet.
For me, security is the main factor to determine which hardware wallet to buy. Next come up will be the coins supported and price. So far, I have find Ledger and Trezor to be good and value for money.
Personally, I feel that $100 for a hardware wallet is reasonable. I take this as a secure and convenient way to store my coins. Buying a $100 hardware wallet to store $50 worth of coins doesn’t seem to make sense. But I guess the $50 worth of coins will appreciate in price as time goes by.
The price isn't a main factor, if its a main factor then casino's, exchanges and other establishments aren't willing to pay for the price of their security.
It's the most important thing to a business, security. As for those people who still don't have enough money to purchase a hardware wallet, you have to. You can save as much money as you can before buying that. There's no expensive if its for the security of your money.
It's the most important thing to a business, security. As for those people who still don't have enough money to purchase a hardware wallet, you have to. You can save as much money as you can before buying that. There's no expensive if its for the security of your money.
The popular Nano S by Ledger has now been made significantly cheaper, which is nice. The new model that was just announced, Nano X, is now the more pricy option. If you like bluetooth capability to use your hardware wallet on the go and if you need more capacity for wallet apps, Nano X might be a great option for you. For all those who're fine with having to use a cable and less capacity, the Nano S is still among the best choices. It works very well.
I think that such wallets will become cheaper in a few years. At the moment they are in demand, so are very expensive.
Even for those who do not have big portfolios, security should be imperative. Ledger Nano S is a good one and it
is around $100 but there is always some discount if you buy 2 or 3 pieces. Every year on black Friday there is a
50% discount and $50 is worth for your crypto assets being secured.
is around $100 but there is always some discount if you buy 2 or 3 pieces. Every year on black Friday there is a
50% discount and $50 is worth for your crypto assets being secured.
I personally think that hardware wallets do not make sense if you do not have 10 bitcoins. What is the point of keeping your money in such wallets if you have 1 BTC? easier to keep it on few wallets and exchanges
I don’t understand how to talk about the high price of a hardware wallet, if the safety of your assets depends on it? 80 euros, is it expensive? What is the point of being in crypto if you regret such a small amount? ... Weird people... In my opinion, buying a hardware wallet is the first step in the crypto world.
It will help you absolutely safe. You will never have a problem using a hard wallet. And of course to be safe, you need to pay the right amount and I think it's not too expensive for us
Hardware wallets are expensive and it's worth it. Security is expensive and if you have a thousand bucks worth of digital assets it's a must to have a Trezor or Ledger Nano or other industry recommended hardware wallets. It's better safe than sorry and it's only 100 usd compared to thousands worth of tokens will be stolen in your hot wallets.
Jump to: