Is the hardware wallet useful? | Bitcointalksearch.org

Nerkata

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Quote from: SW_Lee on February 19, 2018, 03:21:05 PM

Quote from: trickyriky on February 19, 2018, 12:51:39 PM

Quote from: SW_Lee on February 18, 2018, 11:40:45 AM

I know there is a hardware wallet, but are they trustable?
There must be pros and cons, but in general, would you recommend them?
and pls tell me the reasons why !?

As for me hardware wallet is more secure and trustful than online wallet. I am using two such wallets for a long time. For somebodies they are inconvenient. But I use it only for holding my coins and that’s enough.

I see, but even you have two hardware wallets, is it able to be recovered if you lose them?

You can recover your coins on your hardware wallets and even the whole wallet itself by using the recovery seed words. So even if your ledger breaks down you did NOT lose your investment.

faruk34

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ETH: 0x1C829E7A1b5cA44cc381863e10448504e07f78e9

I think it is absolutely necessary if hardware wallets can increase security a little more. At least you stand in your pocket no one can interfere

mariangpalad

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Quote from: SW_Lee on February 18, 2018, 11:40:45 AM

I know there is a hardware wallet, but are they trustable?
There must be pros and cons, but in general, would you recommend them?
and pls tell me the reasons why !?

Hardwallet posses the most secured features with these cryptocurrency wallets,and yes they are trustable because they are created to be secured and even these producers cant manipulate these wallets.Most of the hardwallets has built in private keys which will give you peace of mind when you are transacting to any wallet exchanges or wallet,because you dont need to input your private keys manually,you just to need use the button in its UI and you are good to go.

SW_Lee

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Quote from: Dvach on February 19, 2018, 03:26:29 PM

I'm planning to do some long-term investments in some ICO's and I have order a hardware wallet. It's the most secure way to store cryptos, and who knows, maybe some tokens I plan to buy will rise in price greatly.

Haha yeah, you keep them in your wallets and forget them accidentally.
When you have realised that you had them, their price will be high :-)

Dvach

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I'm planning to do some long-term investments in some ICO's and I have order a hardware wallet. It's the most secure way to store cryptos, and who knows, maybe some tokens I plan to buy will rise in price greatly.

SW_Lee

newbie

Activity: 56

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Quote from: trickyriky on February 19, 2018, 12:51:39 PM

Quote from: SW_Lee on February 18, 2018, 11:40:45 AM

I know there is a hardware wallet, but are they trustable?
There must be pros and cons, but in general, would you recommend them?
and pls tell me the reasons why !?

As for me hardware wallet is more secure and trustful than online wallet. I am using two such wallets for a long time. For somebodies they are inconvenient. But I use it only for holding my coins and that’s enough.

I see, but even you have two hardware wallets, is it able to be recovered if you lose them?

trickyriky

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Activity: 882

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Quote from: SW_Lee on February 18, 2018, 11:40:45 AM

I know there is a hardware wallet, but are they trustable?
There must be pros and cons, but in general, would you recommend them?
and pls tell me the reasons why !?

As for me hardware wallet is more secure and trustful than online wallet. I am using two such wallets for a long time. For somebodies they are inconvenient. But I use it only for holding my coins and that’s enough.

porfenovich

jr. member

Activity: 164

Merit: 1

Quote from: SW_Lee on February 18, 2018, 11:40:45 AM

I know there is a hardware wallet, but are they trustable?
There must be pros and cons, but in general, would you recommend them?
and pls tell me the reasons why !?

The solid reputation of hardware wallets as a secure and safe storage for digital currencies
When it comes to storing cryptocurrencies, hardware wallets definitely have the solid reputation - that's for sure. They promise enhanced security in comparison with software wallets in the case of theft or scams. Still, I've heard of their vulnerability. About these MITM attacks that can be performed on Ledger wallets when users try to generate an address to receive Bitcoins.
Nevertheless, taking into account the fact how frequently exchange based wallets and web-based wallets are getting hacked today, hardware wallets are more safe.

unsquidly

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Of course,hardwallets are the most secured storage for your coins especially for your bitcoins,i have been using these hardwallets for years and i don't encounter any attacks from the hacker because of its security features,and its built-in private keys so you won't be required to put your keys before transacting to any wallet,it is very worthy from a very affordable price.

amaydel

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Yes because hardware wallet has advantages over the ones (web wallet) like your keeping your private key information out from the working computer, virus resistant and you always got notified before a transaction (e.g. bitcoin withdrawal) is about to happen. In that way, you're always safe with your funds.

mmo_online_1981

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Activity: 798

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Quote from: SW_Lee on February 18, 2018, 11:40:45 AM

I know there is a hardware wallet, but are they trustable?
There must be pros and cons, but in general, would you recommend them?
and pls tell me the reasons why !?

Hardwallets are the most secured storage today! Because software may be hack easy by Hacker via internet, Hardwallets not easy!
But you need to safe backup seed!

wiik

member

Activity: 293

Merit: 12

Of course they are very useful ! Specially if you have a huge amount of BTC or fund . They offer the maximum security for your money . They cannot be hacked remotely because all info's are stored in the hardware . Definitely worth every penny , the only downside to this is when you forgot your special codes / key etc. They cannot be retrieved even by the manufacturers . So be careful . Tho i remember that one story i read in in the web about the struggle when he forgot his password . Tho it was recovered , they split the money with the kid who helped him recover it .

blogardianz

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Quote from: SW_Lee on February 18, 2018, 11:40:45 AM

I know there is a hardware wallet, but are they trustable?
There must be pros and cons, but in general, would you recommend them?
and pls tell me the reasons why !?

You can get trustable device from their main site or trustable seller.

Pros
Safety
Very handy and support many assets

Cons
Not flexible to liquidate, not suitable for day trader, only for long holder
Limited stock, sometime you need to wait the stocks after purchase.

Acguy

sr. member

Activity: 308

Merit: 250

The pro is that you don't have to trust anyone as only you hold it, and the con is that you're liable for anything that happens with it but that is the same for crypto currency.

Entei

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Activity: 543

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Quote from: GreatOrchid on February 18, 2018, 07:54:42 PM

Please, educate yourself and learn english before shit posting in here, your entire post gave me eyes blindness,
and i am not joking, seriously.
Where are you from? South asia?

Quote from: ?? on ??

Particularly recommend the hardware portfolio only with investments in the medy and long term, another reason to have a portfolio even in the short term is a large number of currencies that you own or intend to buy, in which case having a key practitioner is the best insurance, mining It's the way in the wallets, I recommend it too. In case of no mining, or little quantity do not recommend.

I hope you will forgive me for the bad post, i am German and i have the habit of doing searches on Russian, Japanese, Chinese and French sites and as i am not fluent in these languages, i have the universal translator for everyone and as a consequence i left it connected and ended the post, it became bad Regarding the post's question, briefly, hardware wallet is only feasible for large quantities and mining.

GreatOrchid

legendary

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Please, educate yourself and learn english before shit posting in here, your entire post gave me eyes blindness,
and i am not joking, seriously.
Where are you from? South asia?

Quote from: ?? on ??

Particularly recommend the hardware portfolio only with investments in the medy and long term, another reason to have a portfolio even in the short term is a large number of currencies that you own or intend to buy, in which case having a key practitioner is the best insurance, mining It's the way in the wallets, I recommend it too. In case of no mining, or little quantity do not recommend.

captaincomet

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Activity: 420

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The hardware purse can be hung on a string and worn around the neck, It's safe, because hackers will find it difficult to get these codes

gohan21

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Activity: 336

Merit: 1

good hardware wallets because they secured them and you just need to follow what they say here so your wallet will not be a scam.

Restmand

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Activity: 979

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Quote from: SW_Lee on February 18, 2018, 11:40:45 AM

I know there is a hardware wallet, but are they trustable?
There must be pros and cons, but in general, would you recommend them?
and pls tell me the reasons why !?

Everything have a disadvantage and disadvantage but among of all the wallet,based on my observing i think we can trust the hardware wallet because there's nothing news about the hardware because it is a full secure unlike the software there are many scammers and hackers as of now many of us was using it.

sotoshihero

hero member

Activity: 850

Merit: 504

Quote from: BitProCoin on February 18, 2018, 03:27:48 PM

Hard wallet is very safe. You should definitely buy such a wallet, do not regret money.

Yes I believe so. But there are reports that they lose their money/cryptocurrency with hardware wallet. It seems there is a legit and a fake hardware wallet? Or there is the one that comes with pre program wallet where in someone has gotten the private keys Huh

I think do not accept any hardware wallet that is being opened/run or being initialized with pre program hash phrase or private keys. Buy from legit or accredited supplier.

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