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Topic: Is Hardware wallet really secure enough? (Read 692 times)

hero member
Activity: 1736
Merit: 589
The security of whatever wallet we do use whether it is an online wallet or hardware wallets depends on the user as well because we cannot just rely on the security features of the wallet we have if we admit on ourselves that we are not that good on keeping and protecting our own wallets. Both wallets have pros and cons so the entire security do really relies on the owner.

Hardware wallet do possess a high and good security feature to secure our assets compared to online wallets that are high risks on hackers but still if the owner is not responsible enough to keep his own password or seed that will have an access to his wallet, whether it is a hardware wallet, it can still be prone to hacks.
member
Activity: 756
Merit: 12
No, hardware wallets aren't secured enough because they are just a piece of hardware in plastics that can died on you or get stolen, still you have to keep your Private Key safe so why buy hardware wallet when you have to worry about keeping private key safe?

I agree with this opinion. Whatever wallet we use, I think the most important thing is to secure the private key or seed word. Mobile wallet that is on our cellphone will also be safe as long as we protect it with a password and store seed words safely
hero member
Activity: 2142
Merit: 785
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No none of the wallets are secure.

It is you who has to keep them secure just like your fiat wallet.

Hardware wallets are better than all other wallet as they are not always online, which means they are not vunerable to hacks and online theft.

But, they still can be stolen and lost.
member
Activity: 798
Merit: 14
Yes it is secure enough. If you have access to it alone without sharing it to anyone else then it's secure. Remember using hardware wallets is o ly possible when someone has the seed phrase and when the person has the password. Now if your seed phrase is exposed, then n it's no longer safe because anyone can access it through any other compatible wallet.
full member
Activity: 1050
Merit: 100
The ideal is to secure assets more but some other factor-like convenience is required, in term of the security hardware wallet is safe followed by fundamental wallet Blockchain wallet and myetherwallet if you properly store your keys and they're convenient since you can  use anywhere with any device but for a hardware wallet, you have to carry it so you can access anywhere which seems not convenient.
The main thing in using a wallet is good security, and the second thing is convenience when we wear it and we carry it, well in this case I see both wallet capital between a hardware wallet and a software wallet, both are comfortable and equally safe , although it depends on how you look after it.
sr. member
Activity: 1246
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
To the best of my knowledge, hardware wallets are the safest wallets to keep your cryptocurrencies safe. i once heard about this same issue with Trevor wallet but later on I got to understand that funds of users were not lost. However, i would like to suggest the use of Ledger or Ellipal wallet to you because I have been using them both and I can say for sure that they are really secured and have never suffered any attack by hackers.
sr. member
Activity: 1638
Merit: 262
I don't know for sure what the news is, but what I understand is that a hardware wallet or online wallet will definitely be equipped with good security. so when there is hacking, it must be confirmed that the hacking is true or indeed there is an error or bug.
hero member
Activity: 2520
Merit: 578
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Sorry to say but hardware wallet is just same thing with normal mobile wallets to me, you can use your finger print to lock your wallet on mobile with key combinations too, as for both you still have to copy your private key to another safe location
Yes, the usage is indeed almost the same between the hardware wallet and the software wallet, because both have a private key, the only plus point is that the hardware wallet can be taken wherever we want as we carry the smartphone that we use.
sr. member
Activity: 1190
Merit: 257
Nothing can guarantee 100% security, we can only minimize the incidence of hacking by using hardwallets, and also there will always be updates so users feel safe when using Trezor. As long as we are careful when using the internet I think everything will be fine.
jr. member
Activity: 79
Merit: 3
The ideal is to secure assets more but some other factor-like convenience is required, in term of the security hardware wallet is safe followed by fundamental wallet Blockchain wallet and myetherwallet if you properly store your keys and they're convenient since you can  use anywhere with any device but for a hardware wallet, you have to carry it so you can access anywhere which seems not convenient.
member
Activity: 490
Merit: 19
Sorry to say but hardware wallet is just same thing with normal mobile wallets to me, you can use your finger print to lock your wallet on mobile with key combinations too, as for both you still have to copy your private key to another safe location
hero member
Activity: 1554
Merit: 503
No, hardware wallets aren't secured enough because they are just a piece of hardware in plastics that can died on you or get stolen, still you have to keep your Private Key safe so why buy hardware wallet when you have to worry about keeping private key safe?
actually the hardware wallet is safe if we use it well and not just store it, indeed at any time the hardware wallet can be lost or stolen but we still have a beckup and password in my opinion it's an additional security that is quite safe in the hardware wallet
hero member
Activity: 2296
Merit: 504
No, hardware wallets aren't secured enough because they are just a piece of hardware in plastics that can died on you or get stolen, still you have to keep your Private Key safe so why buy hardware wallet when you have to worry about keeping private key safe?
A hardware wallet is secure enough when you know how to keep it safe without tried to access it through using infected hardware like infected PC or something else. The private key is also having more risk to be stored by the users. In my experience, if that is better to use a paper wallet rather than a private key. You can sure if your wallet will be 100% safe.
sr. member
Activity: 1313
Merit: 278
Unfortunately there are no absolutely safe storage places, nothing is 100% safe. You can find an approach to any system and hack it.
It is up to you to hack your system and your private keys or not. However, cold wallets are the safest of what is on the market at the moment.

But no one will give you a 100% guarantee.

member
Activity: 406
Merit: 14
No, hardware wallets aren't secured enough because they are just a piece of hardware in plastics that can died on you or get stolen, still you have to keep your Private Key safe so why buy hardware wallet when you have to worry about keeping private key safe?
hero member
Activity: 2954
Merit: 725
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I was wondering how this was possible until someone said the hacker actually needs a physical access to your wallet, this way one needs to be very careful what they say about their cryptocurrency asset on social media and in public, and the hardware wallet should be well kept in not easily accessible place.
Yes. That's very essential when a hacker wants to steal your funds from a physical wallet. This is a very good solution for those who are still looking to look for better security. Without the access or having the wallet itself, no one can access the fund.
Because there's a need to verify the transaction which will appear to the small screen of ledger, for example.
sr. member
Activity: 2520
Merit: 329
In the end nothing in the world is "safe enough" if you look at it that way. Your cash could be stolen at any moment you step outside, your credit card information could be stolen when you are shopping, even money in your bank account could be hacked or worse when your national crisis reaches to a point they can get a hold of it and ban you from using it (Cyprus anyone?).

So, as long as you have money, there is no way you can keep it. Let me tell you what happened to my grandfather, he had a HUUUGE land in right at the heart of the city where I live, government tried to negotiate with him to buy that land from him so they can build a hospital, however they literally offered 2 years salary for it, now we are talking about one of the most crowded hospitals in our city and they offered just 2 years salary for that.

My grandfather of course declined, what happened? They just took it and courts basically punished the government and made them pay 2.5!! months salary worth of money, 2.5 months, it was basically nothing in the end, just a big zero for the biggest hospital in all of the city. Nothing is safe enough.
sr. member
Activity: 978
Merit: 250
Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?
Without pushing something install hardware wallet is safer than software wallet. Keeping your phrases word you software wallet is also safe. Please give me this link, although I'm guessing this could be for misunderstood news. This technology in some cases those wallet are equal safe, just hardware is different device to extra secure and enough more secure.
copper member
Activity: 448
Merit: 3
I was wondering how this was possible until someone said the hacker actually needs a physical access to your wallet, this way one needs to be very careful what they say about their cryptocurrency asset on social media and in public, and the hardware wallet should be well kept in not easily accessible place.
sr. member
Activity: 1701
Merit: 308
Actually all hardware wallets have been upgraded very high security as well as Trezor although there can be issues in the-hacking in a very short time, this can happen because the hackers already have a way in itself Commit crimes, so the high level of security in a wallet can not guarantee completely to hackers can penetrate it.
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