Topic: HARDWARE WALLETS: WHAT IS IT FOR? - page 2. (Read 385 times)

I am in the favor of Hardware wallet because online wallet is hackable many exchanges already hacked, if we are using 2FA security than this will be help but we know online things can be hackable and hardware wallet is more secured because we can store our cryptocurrencies and access via Private keys

Nice article mate, It will be helpful for the newcomers.

Giving you additional information on what you need to know, probably most of you out there have heard about a HARDWARE WALLET before, and I think I can help you out with some information you may need and why you should buy yourselves a hardware wallet.

WHY SHOULD I BUY A HARDWARE WALLET?
Probably most of us are using software wallets; Coinbase, Electrum, Bitpay, Jaxx, and etc. I'm not totally saying that you should spend some money and buy a hardware wallet, In my own opinion, I do think that software wallets will give you security in keeping your bitcoins (or whatever that you are holding), but I don't think it will be enough for you to keep it without getting robbed, it is not HACK-PROOF, which means you cannot assure yourself that it won't get hacked, numerous people have been robbed through their software wallets, and some people have lost everything in just a glimpse, you can search from it on the web, google, bing, or the search engine that you'd prefer, go there and search for cases about BTC, and it actually has numerous cases of people getting robbed from their software wallet.

WHY SHOULD YOU BUY A HARDWARE WALLET?
Hardware wallets are indeed one of the best but there, hardware wallets can keep you safe and will take your holding even if you are not online, keys are extremely secured, hardware wallets may seem to cost you, but you should consider it despite that it will give you extra security, a lot of my friends actually own a hardware wallet and ever since they bought one, they never complained to me, it's hassle free, and you won't be worried about your holdings, since you'll be the one who's responsible about your hardware wallet. Now there are youtube videos and these hardware wallets' official websites, I highly recommend you guys try it out, here are one of the most knowned and trusted hardware wallets out of all.

Ledger Nano S: www.ledgerwallet.com
Trezor: www.trezor.io
KeepKey: www.keepkey.com

These hardware wallets are one of my most prerferrable wallets as of now, watch some youtube videos and see for yourself!

THANK YOU! FEEL FREE TO REPLY AND GIVE YOUR OWN INSIGHTS AND OPINIONS ABOUT HARDWARE WALLETS.

I never noticed trezors look like toys before... You may have inadvertently ruined the way I look at trezors now. You are correct, now it does look like a toy to me. I may get a Ledger Nano S instead, does seem more elegant.

I just have more trust with Trezor though because it's been around so long. I stepped away from crypto probably the same time the nano S came out, so I wasn't around to see it come out and hear the community talk about it. I personally feel like I trust Trezor more because it's been around longer... But you are right, it looks like a cheap child's toy. I don't know too much about the ledger, so I will need to look into it. I do like the look of the Nano S over Trezor now that you mention it.

Though I definitely prefer the Ledger Nano S with the same reason as you stated, along with ledger looking like a traditional flash drive compared to Trezor's toy-like look.

Actually the first hardware wallet(if you would call it a hardware wallet) is the open dime. Technically a hardware wallet but I don't think it was made mainly as a cold storage.

I prefer ledger wallet over other hardware wallets because it is pretty cheap and also comes in different easy to use version. Also ledger support much more altcoins along with bitcoin compared to trezor and keepkey.

Trezor is pretty expensive but i think its the first bitcoin hardware wallet.

Also, take note that even though you're using a hardware wallet, the security is pretty useless if you save your recovery seed on dumb places like on a .txt file or on your phone's notes app. Yes, people actually do this.


You got a typo my dude. www.ledgerwallet.com

Also, take note that even though you're using a hardware wallet, the security is pretty useless if you save your recovery seed on dumb places like on a .txt file or on your phone's notes app. Yes, people actually do this.


You got a typo my dude. www.ledgerwallet.com

Ledger Nano S: www.ledgerwallert.co.