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

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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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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

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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 !?

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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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

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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

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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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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

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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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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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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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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

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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.

cryptoamumu

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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 !?

The hardware wallet like the ledger nano is a must buy for any crypto investor. Your private key will never leave the hardware wallet so you don't have to worry about it being compromised. And if you ever drop the hardware wallet in the swimming pool by accident, don't worry. When you set it up, you will get recovery phrases that you write down so you can open your wallet if your wallet ever gets damaged. I know they average around $100 which seems pretty expensive but the purchase is worth it.

Only leave coins on exchanges if you day trade but never leave them there long term because exchanges can be hacked and you can lose all your coins.

alexeylom

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Well, I think that Hardware wallets are much safer, and as already mentioned earlier the only way to lose your funds is mechanical damage to the device. But I do not know the options for hacking such a tool so far

bucksman5233

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Definately useful!
If you want to save a bag of coins in a wallet then hardware wallet is the best choice. Though it is costlier it is highly recommend to use an hardware wallet for long term holdings. It is highly secured but doesn't mean it is unhackable. So careful while using it and read all the instructions and risks before storing.

rumexx

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All wallets are useful and safe but the safety of your coins inside the wallet is in your hands. So hardware wallet is inclusive. You must guard your wallet particulars jealously so that no unauthorized hand will reach it.

BitProCoin

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

cryptopan

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Of course,hardwallets are the most secured storage for your coins epecially for your bitcoins,i have been using these hardwallets for years and i dont encoutner any attacks from the hacker because of its security features,and its built in private keys so you wont be required to put your keys before transacting to any wallet,it is very worthy from a very affordable price.

SW_Lee

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Activity: 56

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Quote from: cryptomngr on February 18, 2018, 02:08:15 PM

Of course it is useful because it is the safest place to hold your bitcoins,i dont really believe to these web wallets or app wallets that are claiming to be the most secured because they are very prone to these hackers,theres no safe system and everything is hackable,every single hardwallet that is connected to the internet,that is why hardwallet storage would be the ideal storage for most of our precious coins.

I see ! thanks for sharing your opinion!

Svelto

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To me, a hardware wallet have more pros than cons. The security is good and you don’t have to worry about exposing your private keys in the browsers. The only bad thing is you have to bring your hardware wallet with you to access your funds.

SW_Lee

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Activity: 56

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Quote from: Tosyn2 on February 18, 2018, 12:34:43 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 !?

Hardware wallets are useful and reliable they are also well secured because no one can set an eye on hardware wallet private key. Without getting hold of hardware wallet and pin no fund can be sent from hardware wallet.

That is really cool ! thx!

cheezcarls

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Looking for gigs

My friend has his own Ledger Nano S. He says that prefer this over the hardware wallet. I know that hardware wallet is highly secured. It's just that in case your computer will be infected by a malware, virus or accidentally getting wet or something like that and may not recover anymore, it would be hard for you to transfer all of your cryptocurrencies to an online digital wallet.

The Ledger Nano S is something you can carry and attach to any PC or laptop you want. Just my own opinion.

Beazerdred

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CRYPTASSIST.io

I never used but I think that yes it will be useful to those who have large funds on their wallets. Although there are free options for safe storage of funds

cryptomngr

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Of course it is useful because it is the safest place to hold your bitcoins,i dont really believe to these web wallets or app wallets that are claiming to be the most secured because they are very prone to these hackers,theres no safe system and everything is hackable,every single hardwallet that is connected to the internet,that is why hardwallet storage would be the ideal storage for most of our precious coins.

SW_Lee

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Quote from: cryptoux on February 18, 2018, 11:48:55 AM

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 its security is unbreakable well as of today but who knows when will these hackers crack these storages,what i have liked with these wallets it allows me to transact directly using the wallet and you dont need to put your private keys before you will able to transact because it has built in private keys,and the best part of having these wallets if you lost your wallet or it was stolen you can easily use the recovery seed so you can restore your wallet from the new hardware.

I see ! so you highly recommend it

kewlc3s

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It all depends of amount tokens you got. And how you use online wallet. If you are safe, don´t click strange links, always open you wallet from favorites link and other security issues, and don´t have a lot there. I would suggest to use just online wallet. If you holding big amounts, or want to be really safe - hardware wallet definitely will be best option. Cons - you need to pay for that, other at the moment I can´t see (just some last issues with Ledger nano..)

proexcept

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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 !?

Hardware wallets store private keys and nobody can't get access to them including the owner. Owner can only sign messages by clicking confirm button. So you can use such kind of wallets even at another people's laptops without any worry. I have Ledger Nano S and I like it. The only thing don't like is the lack of NEM wallet...

balrog

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Hardware wallets is one of the best solutions to keep your funds in safe . In most cases , using of hardware wallet gives you 99% safety of your funds . Of course , it costs money , but I think security is worth it . But note , that you should buy it only at manufacturer official store . Forget about ebay , or you much likely will loss funds .

Nerkata

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I really don't understand most posts here. The Ledger Nano S is the most secure way to store your coins in at least a remotely convenient manner. Period. No further discussion.

You get a 12 word recovery see. So even if you lose your hardware wallet. You still can recover it from scratch. Your wallet breaks? You can recover it. Your wallet explodes due to ungodly amounts of "mooning"? You can recover it. Just make sure to buy it directly from Ledger.

jorenpo

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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 !?

if you want to secure huge pile of coins then it is recommended to have one. it is safer than using the online wallet the only risk you have their is if the hardware are corrupted.

nakamote

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Hardwallet is very secured,for years i have been using ledger and trezor wallet without any problems,the only thing that could make it unsafe is you,if you have given your private keys to the hackers the hardwallets cannot protect your coins,but if you are aware on how to properly use the hardwallet you wont have any problems using these storage.

Irkytsk38rus

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Yes it is definitely safer than just using online wallets.But there are examples of losing money when using these wallets.Therefore, no one will give you a 100% guarantee of preserving your funds

ask

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ledger is really usefull for me. i also use it on etherdelta and no problem at all.
also its good for tokens and supported all coins. sad about waves is not supported

Slash61

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it looks like you have a problem with trust. if you are right then, you can use trezor wallet, why? trezor provides very high security and you will not sacrifice your own convenience and you will also be safe if shopping using bitcoin.
break a leg bro!

kinki32

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Hardware wallet it's secure but while he not connected to internet. For me it's two metods, first hardware wallet without internet and second paper wallet.

nguli

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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 !?

purses that are on hardware such as ledger and others seem less secure because the devices they use are not necessarily safer better in store in the wallet online more secure.

IMAR

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Hard wallet is very safe. We have ledger. The only problem with hard wallet is yourself. If you lost then you will be in Big trouble as you will have a hard time recovering your cons.

JohnMacZeppelin

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I think hardware wallets are the safest, although of course there is a risk of damage to the device, but I think it's less likely to damage the device than the chances that you are just hacked. So I think that harware wallets is very cool thing

Tosyn2

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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 !?

Hardware wallets are useful and reliable they are also well secured because no one can set an eye on hardware wallet private key. Without getting hold of hardware wallet and pin no fund can be sent from hardware wallet.

Classica35

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If you are considering a well secured hardware wallet, i would recommend that you go for Trezor. You will full control over it and no other party will be able to infringe into it.

bongiu

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I'd say it depends. If you're not gonna be holding big amounts of money in cryptos, you should rather use Metamask or some digital wallet. Now, if you're gonna be holding big amounts (I'm talking 100k$ USD or more) in cryptos, you should DEFINITELY buy a ledger nano S. It's almost impossible to hack those things, and given the price of one, it's not gonna be a liability in your income.

cryptoux

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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 its security is unbreakable well as of today but who knows when will these hackers crack these storages,what i have liked with these wallets it allows me to transact directly using the wallet and you dont need to put your private keys before you will able to transact because it has built in private keys,and the best part of having these wallets if you lost your wallet or it was stolen you can easily use the recovery seed so you can restore your wallet from the new hardware.

SW_Lee

newbie

Activity: 56

Merit: 0

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 !?

Topic: Is the hardware wallet useful? (Read 433 times)