Topic: Is a hardware wallet really worth it? - page 2. (Read 608 times)

I want to say ...Yes, but after buying several different hardware wallets, I am not 100% sold on the idea. The reason for this is the following :

1. Be prepared to deal with "buggy" firmware upgrades. (My first experience with the Ledger Nano was horrible)
2. The proprietary software from the wallet providers can be a challenge to some. (It is not widely supported with browser plugins)
3. Crack the little screen on the hardware wallet and it is rendered useless. (Tokens are not gone, because you still have the Seed)
4. Extra cable to look after and to carry around, if you move around with your hardware wallet.

These are just some of the challenges that I experienced with my hardware wallets, but I guess it is still one of the most secure ways to store your tokens.  

If it's for the safety of your assets, then it is definitely worth buying for. Moreover, having a hard wallet is also a good investment for your BTC and any coin you currently hold since it gives you assurance and peace of mind when it comes to your assets.

I only suggest you to have a nano ledger. I've been using nano ledger for 4 years and it's still safe to this day. for security it is definitely safe because it is not easy to hack like an online wallet.
the advantage is that we can control our assets at any time, and we can freely control these assets

geez , sorry for that , i missunderstood your post  . coldcard seems a secure hardwallet too based on the reviews that i read but its disadvantage can be its size because its a bit bigger and possibly a little heavy than than other competitors .
the coin support only shows one and that is btc but i think there are other hardware wallets that supoorts more than one coin .

The only thing you do need to consider when you do have HW is to mind off on protecting the hardware.
It is still on the risk of;

Getting Lost
Hardware malfunction/Totally physically damaged


This is why you should still consider of these things but in terms of security then this is way far off better when dealing
on wallet online but it doesnt matter though as long you do know to handle yourself and with your wallets keys
then that would be enough.

advantages hardware wallets are more secure and less vulnerable to computer viruses and malware, which ensures more secure transactions.
The private key is only entered on the encrypted hardware, which keeps it from being exposed to other people and devices and prevents it from being hacked, and besides being able to carry out online transactions even if they are offline more often. There are many advantages to using hardware and apart from that there are several different types of crypto wallets available today and by knowing the advantages and disadvantages of each, you can determine which wallet is right for your needs.

In hot wallet- when you are sending fund, you are connected with the internet and risking your private key to be stolen
In hardware wallet for example, Ledger- you are sending fund in a way which didn’t risk your private key to be stolen.
Which one makes you feel secured better? Of course with hardware wallet. It worths if you have a few hundreds USD worth of BTC in my opinion. Why would you risk the amount? Hardware wallet is one time investment. After all, it worths to have one.

Yes it's totally worth it, remember that you need to keep all your crypto assets safe as much as possible so I think that you have no other way besides the fact that you have to go for it because if you have a growing number of assets in your possession, storing them online is the worst thing that you can do because, not only you're endangering your assets from being stolen by attacks that's prevalent on this types of storage sites. Remember these phrase: "Not your keys, not your coins."

The ColdCard is not an online wallet, this post is about hardware wallets, why would i ask about an online wallet?

A hardware wallet is certainly the most secure way of holding your cryptocurrencies. You can buy it if you think you are not that good with security.
If you hold more than $500 of coins and you are planning to hold it for a long term then you can consider holding your coins in a hardware wallet.
On the other hand, if you are geek and if you are very good at security then I dont think there's a need for you to purchase a hardware wallet although it provides additional security than any other way of holding cryptocurrencies.
So it all depends on your needs and yourself.

other than being more secure than the common wallets , its other advantage is your going to see , feel or touch your wallet for real and that is something that you cannot do if youv been using online wallets all the time .

never heard of that wallet and i assume its a online wallet ? sory but i think its not a good choice at the moment  . we all want to store a bitcoin but we only want the best and the most secure wallet .
 you can move on a more popular wallet and you can also upgrade to a hardware wallet .

When we are talking about wallets, security is the main point. All your bitcoin will belong to you in case of a cold wallet, as opposed to exchanges when you just give them your money, which means you practically don’t own it. What is more, even if you lose your cold wallet, but you still remember the seed phrase, you can restore your assets. In terms of a coldcard, I am not familiar with such a cold wallet. I use a ledger and I am very satisfied with it. It is very convenient for storage.

I personally wouldn’t put much of a threshold to mark from what value in crypto (not just BTC) onwards a given hardware wallet makes sense. If you can buy one do so. It gives you peace of mind (to a large degree), and though there are still a bunch of security aspects to ponder (upgrading the firmware every now and then, which accompanying software to use, passphrase yes/no, where and how to store your mnemonic, etc.), it does enhance noticeably your assurance that your private keys are well protected.

if I think hardware wallets are really valuable, because if I don't have a hardware wallet, maybe I will have a hard time controlling my bitcoins, hardware wallets make it easy for me in every way, I am very grateful, to hardware wallets..

Although conventional hard discs simply overwrite existing data, the SSDs can only be written to a few times before they fail. That means that drive longevity and future reuse will be better to avoid scribbling waste across the disc.

SSDs include a Secure Erase function, which employs a voltage spike to clear the internal mapping table of the drive. The newer and therefore somewhat less conventional sanitising feature on each block on the disc is the same. https://freeactivationkeys.org/adobe-premiere-pro-cc-crack/

Most SSD producers give software, but the tools are built solely for working with SSDs of that certain manufacturer - a hassle if you have many hard drives from several manufacturers. https://freeactivationkeys.org/

Uhh what. The point if a hardware wallet(besides cold storage) is to be able to transact using your funds without risking of your private keys being leaked. It's not a device to literally hold your funds with for decades. Because obviously, it's an electronic, and electronics go bust with time.

And you SHOULD be having seed phrase backups in the first place, regardless if you're using a hardware or a software wallet.

If you have more than 5times its value in Bitcoin, then by all means go ahead and buy a hardware wallet. However, don’t buy if you hold less than its amount in BTC.  And don’t forget to use a Passphrase with your Seed if you decide to buy get it.

I personally think yes, because hardware wallets are the most recommended for storing Bitcoins. It was created by a technology company based in France and, offers various features for cryptocurrency investors. The device is equipped with two hardware buttons and a secure OLED display for double-checking and confirming every transaction. It also requires a 4 digit PIN code (of your choice) every time it is plugged in. One of the best features of the device is the 'backup seed key' which can be used to recover your cryptocurrency in case the device is lost. or damaged.

With exchanges you do not have your keys, the exchanges have it, you do not have full control over your own funds, the exchanges have the full control, they can override your control over your own coins, they can seize it, they can freeze your account and so on, this is not only on exchanges but also on custodial wallets and other companies providing custodial services, if you know you are not trading, the best wallet you can use are noncustodial wallets, you will have your private keys and have full control over your coins.

Making use of online wallet is not bad, but having over $1000 on an online wallet is not advisable, best is to make your funds safer by making use of hardware wallet, if you can go for multisig, it will also be better, the best approach to this that l prefer is to get like two hardware wallets and use both to open a multisig wallet, this is the safest wallet approach. But you can get yourself a single hardware wallet too and maintain online safety, the private keys are always offline, but making sure you check and recheck your recipient addresses before sending bitcoin to any address. No one is disputing that using noncustododial online wallet like Electrum not to be good, Electrum is one of the most reputed online wallet, but if having huge amount, make use of hardware wallet.

Unless you're very good at this stuff, and know how to PROPERLY make paper wallets, then no I don't think that there really is a strong need to have a hardware wallet.  Now for the vast majority of people, they need hardware wallets, including myself.  It's not necessarily hard to make a proper paper wallet, but you've got to know what you're doing and you've got to have the right equipment..and most do not. ColdCards are considered a top wallet along w/Trezor...I love my Trezor T personally.