Topic: Is a hardware wallet really worth it? (Read 608 times)

So far coldcard is a very good choice for people who has a significant quantity of Bitcoin and do not plan to buy altcoins.
It has interesting features, like signing transacctions on the device without being connected to the computer and then you can broadcast them, ect.

It also include self-destruction instructions in case you want to dispose of the wallet in an emergency situation, by signaling the chip or part of the wallet with are supposed to "destroy"


Quite exotic if you ask me.

Stick to a proper secured and stored paper wallet.

Finally, you just need your private key to own your bitcoin.

If your hardware wallet breaks, finally you will need again your seed phrase or private key from your memory or a written note :-)

If you have a good amount of crypto that would hurt you if they were gone (like 500-1000$), you should get a hardware wallet.

Yes, you need to create a new wallet with a new seed, otherwise the benefit of the hardware wallet would be gone.

Hardware wallets have been here for a long time, I currently own a single wallet, it's actually convenient and all, just don't forget to place it in a safe spot/place, in my opinion, owning a hardware wallet today is actually necessary.

A hard wallet is absolutely the the best way to go.
You can store your keys securely and I think it is the safest because it is stored off-line.
I would absolutely look into buying one in 2021 if you have not done so by now.

Try to read the thread, especially the begining part. Again, Trezor will be best because it is completely open source, but you should add passphrase while using it to generate keys and addresses which can help against physical attack that can reveal its keys, adding passphrase will make the seed phrase to generate different keys and addresses entirely through salting and the no physical attack will be able to penetrate the wallet.

A reputed hardware wallet like Trezor do not connect to the internet at all, its seed phrase, private keys and addresses are always offline, the reason they are one of the offline wallets.

You can not save seed phrase on hardware wallet, the best is to save it offline like on paper, laminated paper, metallic sheet and the likes in a ways it will be resistant to damage and attackers, and best to have like two other copies in different locations.

For Trezor, make sure you add passphrase while generating the wallet because of the reason stated above.

Hardware wallets really worth to be used, reason being that, the wallets are reliable due to not been connected directly to internet, they can not be penetrated easily. Private keys being the most important thing to be kept secured in order to avoid loosing fund can be safely saved in an hardware wallets, because the wallets can also have external security pin protecting it even if someone have access to it, your privacy is still intact.

They are totally worth it.


I personally like Trezor, it is good if you plan to hold Bitcoin and  ETH tokens.

It is open source, which is important.
Most hardware wallets are non-custodial, which means that it does not matter whether the wallet provider goes out of business, you will be always able to recover your funds with your seed.

You are the only one in control of your funds.

What are the best hardware wallets that I can get to the store may cryptos? But I have a question about the hardware wallet that is, If the hardware wallet will be out of service then can I recover my BTC?

- Online sellers can install spyware, it is better to buy from reputable brands so that when there are such problems, the law will be the best solution, and although we will not directly face the risk of hackers and the vices of addiction to trading leverage but our selves are a weapon that can particularly damage hardware wallets when essentially recovery phrases and codes are sometimes easy to lose and forget. Optimization is still the concept of dividing assets everywhere to control

If I have a significant amount of bitcoin to save for a long-term holding, it would be great to have a hardware wallet for safety.
Some devices are affordable but should be taken seriously, we don't know what these random online sellers are selling.
It's great for security as our assets are not readily available to liquidate, making them safe from hackers.

This is an interesting question, than surprisingly doesn't come up as often as it should or doesn't get the attention it deserves.


Yes, security is the main advantage to using a hardware wallet. Beside that there is not much added benefit, though even with the funds stored in a hardware you're not going to be secure proof as you could still (by mistake or unknowingly) share the key and then be done for.

Or worse forget the recovery phrase, or never writing it down. As you can see, some probably see more risks than benefits but that depends on personal preference and choice.


As for ColdCards, I haven't used one - my preferred choice is the Ledger Nano S (it enables alts storing also which I like).

Storing Bitcoins in hardware wallets is safer than storing them on exchanges, therefore we will feel much calmer if we use a hardware wallet.
I feel the same way, and I only keep a small amount of Bitcoin on exchanges for trading purposes only. Of course it's best to store the private key
in two different locations, so if something goes wrong there's still a backup. If you want to staking, you can't use hardware wallets, but you can use
popular exchanges that have a good reputation.

I myself am using a hardware wallet and i much calmer then having my coins on exchange or regular wallet.
Biggest draw back for me is that you should save your seed in two different physical locations in case of fire or water damage. Also, hardware wallets usually don’t offer staking, or if they do, its for a small APY.

I'm admitting here I've never used a hardware wallet in my life. In fact, I haven't even seen anyone I know use one, or even seen one physically, but I guess that's because of where I am and the lack of users in real life.

All I can say is, if the majority of people I knew had started using Bitcoin, I would insist they use hardware wallet.

I trust myself and my device, but I know I should get one at some point if I start hodling more.

Of course, they were unknown. Hardware wallets had not existed before the creation of bitcoin because no one thought that we would ever have something digital that would serve as reliable savings technology. Later, it became clear that we actually need a tool to manage our keys relatively safely. Hardware wallets proved to be suitable for most people regardless of the level of their technical competence. No matter how experienced you are in terms of interactions with cryptocurrency space, in most cases you're gonna be better off using hardware wallets instead of software or web-based solutions. However, it doesn't mean you should use a hardware wallet as "a physical backup" of your seed phrase. Ideally, it should be kept separately from your hardware wallet. The backup should be written down on a piece of paper or, for example, engraved on a more durable thingy such as stainless steel plate.

Agreed, hardware wallets were unknown a long time ago, but because of the new hacking styles, even if it was just a simple phishing and social engineering, there will be getting hacked. Also, hardware wallets are good to keep because, in the past, they would tell you to write your seed phrase on a piece of paper and store it somewhere safe, but now it is easy to lose or misplace it because it is so small, so here are the hardware wallets, which are far superior to traditional ones. If you have enough money, you should purchase one for your own security.

For me hardware wallet is the safest wallet where we can store our assets even if we are just planning to keep it for a short term or for a long term and even if I have a not so big assets I will going to transfer it to my hardware wallet no matter what simply because I am caring for my hard earned assets. It's just that simple reason why we are considering hardware wallet and it's for the secureness of our funds. This is also the other way around for a not at good digital security of their assets, it's always better be safe than sorry.

It's absolutely worth it. Security is a big thing especially if you holding a big amounts of BTC. Never spend not enough money of your security.

If you value your assets not getting lost because of online hacks in online storages, then you should probably consider buying at least one of them because who knows when will an attack or a hack happen to you, better safe than sorry.

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.

Yes , i keep it in online wallets / exchanges.Never had problems, but the ammounts are not astronomical.

You need to decide that for yourself, but it is worth to own hardware wallet if you have more Bitcoins you are willing to hold long term, and it is much better than holding coins on exchanges or web wallets.
If you don't have airgapped computer and you want some balance of security and usability than hardware wallet would be a good choice.

Not all hardware wallets are created equal and not all of them are good, but they have advantage over hot software and web wallets because they are not connected with internet.
They are portable so you can bring them everywhere you want, or you can buy new device and import your seed words anywhere in the world.

ColdCard is one of the better hardware wallets, never connected with internet or with your computer, and even if you lose your ColdCard it would be very hard for anyone to extract your keys from that device.
Do your own research before purchasing anything and follow this Guide for purchasing Hardware Wallet the right way to avoid leaking of personal information.

Your thinking makes some sense if we could compare hardware wallets (in terms of security) to desktop or mobile, or maybe even online crypto-wallets. So while it is true that such a device can always fail, and that a backup (seed) must be kept with great care - for now, it has been unequivocally proven that a wallet generated on such devices (those with a reputation), is the safest way (and simplest) for the average user.

Of course, there are always reasons for and against something, but your reason is not something that should deter someone from using a hardware wallet - my strategy is that if one device breaks down, there is always one in reserve - crypto security should not have a price, especially if we are talking about amounts of $50 or $100.

It is very risky to store our coins on exchanges, because there are many incidents where exchanges have been hacked, even exchanges as big as
Binance have been hacked. This means that the risk of us losing our coins is getting higher,  there are even some exchanges that have been proven
to be fraudulent. Maybe the person who suggested storing coins on exchanges has never had a bad experience with exchanges, but those who
have experienced it, including myself, recommend storing coins in a hardware wallet.

I wouldn't use a hardware wallet.

There is always a risk of a hardware failure and you still have to secure the password and seed phrase. Which means you've just solved one problem with an admittedly low risk of failure and now need to secure your password / seed phrase.

The problem with those exchanges is they have some histories of hacking where they lose your assets and sometimes close their exchanges for months. I experience putting my crypto assets in one of the leading exchanges hoping for the price to rise after few months since I don't need it back then. But suddenly they disable the withdrawal button which makes us suffer for 1 month I think. We don't know what's going on and thankfully they allowed their users to withdraw after 1 month of keeping their assets on their exchange. We can avoid such things happening if we have a personal hardware wallet. we can hodl as long as we can and no one can stop us from doing so.

Even if there is nothing else aside from security, it doesn't mean it is not worth it. It is enough to say that a hardware wallet is worth it because it provides security. Security is everything. It is everything that your Bitcoin savings is all about. Security is of utmost priority that you cannot just simply ask what else could a hardware wallet give aside from security to make it worthy. Well, it also gives you peace of mind.

It is totally worth it. I've had software wallets on devices that eventually stopped working. Luckily I haven't lost my backup phrase so I could always recover my funds on a different device but it is always a worry I have. With a hardware wallet there are still some risks but it is a specialized device that is resistant to issues like malware and other things that affect software wallets.

While it is rare, some 'web wallets' are open source and you can run them offline. Some of them also store your wallet file on your computer, so it's just running as a UI, such as sollet. But yeah, it's not a good idea for long-term storage (or just general crypto activity in general, you should use it as a last option). If you compare it with HW, HW is obviously a better choice. I'd suggest you buy Ledger Nano S if you're just planning to store one or two coins for years.

Not that really technical for you to understand on how it works because it does only require a little bit of basics and some simple or mix of common sense then you would really be finding out to be easy.
Of course hardware wallets are worth to consider and since they are cheap then it wouldnt really be much of a matter for you to buy one but if you do saw your coins arent really worth for you
to store up for long term then its just understandable that you wont really be needing one but if you do hold lots then its just a default thing for you to consider.

In short: YES! I would even recommend to use mutilple Wallets at some point.
Detailed answer: It depends on your amount of stored BTC / Krypto. If you'll lose 1-100k, maybe buy a wallet. If you lose 100$, maybe wait. Every other thing has been explained already. Cold storage is what makes BTC free.

It makes no sense and worthless buying this hard wallet if you don't know how to use it and care about it. Thus, if you are not a techie person you better not to any of them but I suggest must have learned it someday especially when you are planning to store a huge amount of Bitcoin. Well, it was preferred to have hardware wallet than Coldcard as this was the safest stuff in doing like this. But as it has been said, it matters also how you handle this thing.

Both Coldcard and hardware wallet really worth it but if you choose Coldcard, you need to make sure the card vendor is someone trusted. However, 97% of all crypto enthusiasts will advise you to get a hardware wallet cause it is one of the safest wallets but you still need to avoid human error though. 

Decentralization and security are two different things, you just conjugated two different things together.
A decentralized wallet means the wallet gives you your private key and you are free to use your keys anywhere you want.
If you are able to keep your keys you can import/export them in any open-source wallet, which means you have full control of your funds. Most of the Open-Source web wallets don't hold the keys they just give full freedom to their users, that's why they are decentralized and pseudonymous.

But keep in mind though a web wallet might be decentralized but it is always less secured to use. It could be hacked, could be stopped their service, could run away with your funds but can't Seize your funds cause it is decentralized.

Common HW on where this community is been aware off except to those who do know about Coldcard but as long it do fits out as a hardware wallet then it would be considerable.

Common HW:
https://www.ledger.com/
https://trezor.io/

Is it really worth it? Yes for the security of your coins and heck they are only cheap if you do really mind about holding for long term then this
thing would really be considerable.

Do you mean to say that you're using these wallets for your safe keeping? you better stop doing that. You don't keep your coins in exchanges if the idea is all about keeping them for the long term. In blockchain.com wallet, there are users that have reported about that glitch that happened to them.

@OP, it's worth a shot. I've bought my old hardware wallet, the ledger brand S and until now I'm using it. Coldcard is suggested by https://bitcoin.org/en/choose-your-wallet?step=5&platform=hardware but I haven't used since it's there then probably it's also a good choice.

I too will recommend this because hardware wallet seed phrase and private key are stored offline, they are resistant to malware, but people should still be mindful of clipboard malware, I have also read in few sites about QR code malware. Both malware will still be able to to change recipient's address to a hacker's address even while making transaction on hardware wallet which an lead to bitcoin to be sent to a hacker's address. Regardless of it being a hardware wallet, people should make sure their computer is not having malware and maintain safety, also checking and re-checking the recipient's address is very important so to know if there is any change of address. @excro, this quote is for you as bitmover already knows what I am posting about.

Blockchain.com is a web wallet, the most vulnerable wallet type are web wallets, hardware wallets like Trezor and Ledger Nano are safer and are worth buying.

Edit: You are using exchanges for coin storage, not you key not your coin, do not use any exchange to store your coins. I meant blockchain.com wallet is a web wallet. Also Exodus wallet is not recommended. Even if you will have to use online wallet, Electrum is recommended.

Did you just say web wallets are decentralized? Man, get out of here.

Who do you think created those online wallets? Of course, people. Web wallets are NOT decentralized, the owners could lock you out of your wallet at any time. Be careful not to spread misinformation please.

This is good advice. I use blockchain.com , Exodus software wallet, Several exchanges.

Depends on your needs, online services offer a range of reliable wallets.If you move a lot , travel , possibly a hard wallet isnt for you.If you have a solid place that you never leave, it could be good for you.
I personally dont want a hardware wallet , its much easyer to remember an email and password.

Yeah i know sir. And that is called web wallet. Which is online based wallet. And that is also secured too because that are decentralize too. But he wants to know about hardware wallet sir. If he wants to know about online decentralized wallet. Then i might tell him about those wallet. And i might give him some best online wallet as a suggestion. Well not from mine point of view what market says that which wallet are best. And i just give him an example by saying hardware wallet. I think soo. Thank you for knowing my opinion. Because when legendary people reply my post i just glad on him. And you did it today. Thanks sir.

If you plan on holding large funds, you should use multiple addresses to store them rather than keeping it all in a single address. For privacy reasons you can also use multiple keys. However start from the basics, so you don't get an overload of information.

There are a couple other decentralized wallets which are not hardwares, but gives you full control of your funds.

It is much more worthy than your centralized wallet. First of all how much cost of a wallet its maybe $50-$300. Not a huge amount. Just think you have $100k now what you need obviously security. So how you get security obviously if only you have the control of your account.  So how only you get control of your account?  If none of the people or company has authority to see or access ability to your account. So how is it possible?  If it is decentralized. So where we get this decentralized obviously in hardware wallet. Only you have the control. But in centralized wallet the company has the control of your account. So now you decided is it worthy or not?

I'm more of a hodler myself, and I plan on holding quite a lot of funds on there, so a hardware wallet would definitely be worth it then. Thank you for your helpful response!

And if I may add, acquiring hardware wallet is worth it if you really have significant amount of funds to regularly store but if not, cold storage may be a good option. Before acquiring hardware wallet, assess first the pros and cons from your side because you may achieve the same purposes you want by just availing what is already available at your home.

I do think that you have to understand that investing in a hardware wallet is only logical when you are actually investing loads in Bitcoins, if you just go forth and invest only a little amount which is bit even more than the wallet itself then you can very easily use a good wallet, offline wallet would work fine and at the same time I always recommend going for the local ones, because on then you can exchange and trade.

Then again if your sole purpose is keeping them for a long time, then go for it but if you do want to trade then you have to understand that it's better to do on an exchange+ wallet.

Best of luck 🤞 make a wise choice.

A computer/device that is clean, out of malware and never touch the internet since then. You can google some instructions on how to make, how to send bitcoin using air gapped device. Here's one of the youtube videos on how to do them using electrum https://youtu.be/wPzbUIZrPn0

I'm sorry, what does air-gap mean?

There's really only two ways to use Bitcoin - cold storage or hardware wallet. Anything else should be reserved for small amounts because of the risks of malware, hacks, robberies and so on. Hardware wallets are simpler to use, but cold storage are not exactly rocket science, there are lots of good guides that describe how to set it up step by step. I prefer cold storage because it has a little bit less trust involved and you can get one for free if you have an old PC that you never use, while hardware wallet costs around $100.

So if I understand, when I have my hardware wallet, I actually am my own bank, I'm not relying on any wallet site/app?
That's actually amazing  

Why are you doubting? Do you find the price expensive? You can still choose free wallet like electrum if that is the case.

It is the main point of storing in a hardware wallet. I'm not sure why you are still looking for other reasons.

It's open source and air-gap so it looks good.

For the most part say 99% yes.
But, the question is how much BTC? And how technical are you? And what are you looking to do with the BTC?

If you are never going to hold more then $50 of coin and it's just 'passing through' as you spend it then spending $100+ on a hardware wallet is not worth it.
Your largest loss can only be $50.

I made a thread about it a couple of years ago that can give you and others some things to think about:

https://bitcointalksearch.org/topic/helping-usually-new-people-choose-their-wallets-5205304.


-Dave

Yes, they are worth.

Since you are a newbie in this forum and you are asking this question, you probably aren't a person who has a deep knowledge in cyber security.

Hardware wallets are very convenient and easy to use. They are very good options for newbies, as anyone can just read 30min about them and do everything that you need to be safe.

If you try to use a paper wallet or an offline computer you will need to study a lot more. Setting your own offline environment can be very tricky for newbies and advanced users, and a small mistake can be fatal and you may lose all your funds.

I strongly recommend that all newcomers buy a hardware wallet if they want to invest more than $ 1000.00 in cryptocurrency. You will not be hacked and your funds will be safe.

There is one other advantage: they are very convenient  and fast to use. you can carry them around if you need. You can lose the device and your funds won't be at risky, for example. You can transfer funds easily and smoothly.


I don't think it is the best option.
There 2 very good hardware wallets in the market, and they are Trezor and Ledger. They are both very tested, there were never big problems with them (as far as I know), and you won't lose money using any of them.

They are pretty cheap, and are worth the investment.

Wallets are guaged majorly by how safely their can help you store your wallets, then some other secondary benefits are how seamless they are, and other modifications you can make like coin control, fee management etc.
However, the major feature of of a wallet is how secure it is. Hardware wallets are a good choice because;

• They are offline - Hardware wallets are the ideal cold storage as they are not directly connected to the internet and one can store their funds there without the risk of getting hacked while browsing through the internet,
• They are non custodian - Your keys, your coin and with hardware wallets you own your funds,

P.S; you have to research on which hardware wallet to use and also how to safely use it, as its security depends on the safe usage.

Hello all, I've been thinking of buying a hardware wallet to store my Bitcoin in (ColdCard), but I'm not sure if it's really worth it.

First of all, what are the advantages of using a hardware wallet, and is it really worth it?
I know security is one of them, but other than that, is there anything else?

And finally, Is the ColdCard a good choice? I'm looking to store Bitcoin only.

Regards, excro