What is the difference?
one is more secure than the other!
Topic: Online Wallets vs Hardware Wallets - page 2. (Read 286 times)
one is more secure than the other!
Online wallets and hardware wallets can be used to store bitcoins, but online wallets are less safe than hardware wallets as online wallets are prone to hacking and you should store your private keys securely because if one looses the private key any one who gets the private key will have complete accessibility to your wallet, whereas with hardware wallets like USB wallets and Trezor Wallets are safer in your hands you can save the private key and all your bitcoin earnings in your hardware wallets which is safe form hackers and third party. Sometime bitcoins exchanges can also act as wallets, one should always keep in mind that it is not safe to store bitcoins in exchanges as they have the private key and can control your wallet and bitcoins. It is better to use exchange for trading, rather than as a wallet.
Make sure to read the pinned topics in this subforum.
Topic: [General] Bitcoin Wallets - Which, what, why? https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151
Topic: [General] Bitcoin Wallets - Which, what, why? https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151
How can you tell in the blockchain whether the transactions are in a Online Wallet or a Hardware Wallet? Thank you for your replies.
All have advantages and disadvantages of each, for Online wallet we can just use anytime to trade, but for hard wallets we usually use to save in the long run.
Online wallets offer greater convenience. You can generally access your Bitcoin from any device if you have the right passwords. All are easy to set up. The disadvantage is the lower security. With your private keys stored in the cloud, you have to trust the host's security measures.
Hardware wallets are small devices that occasionally connect to the web to enact bitcoin transactions. They are extremely secure, as they are usually offline and therefore not hackable. However, they can be stolen or lost. Some large investors keep their hardware wallets in secure locations such as bank vaults.
Where i can get hardware wallet? Can it be sent directly to my country? Hardware wallets are small devices that occasionally connect to the web to enact bitcoin transactions. They are extremely secure, as they are usually offline and therefore not hackable. However, they can be stolen or lost. Some large investors keep their hardware wallets in secure locations such as bank vaults.
Online wallets offer greater convenience. You can generally access your Bitcoin from any device if you have the right passwords. All are easy to set up. The disadvantage is the lower security. With your private keys stored in the cloud, you have to trust the host's security measures.
Hardware wallets are small devices that occasionally connect to the web to enact bitcoin transactions. They are extremely secure, as they are usually offline and therefore not hackable. However, they can be stolen or lost. Some large investors keep their hardware wallets in secure locations such as bank vaults.
Hardware wallets are small devices that occasionally connect to the web to enact bitcoin transactions. They are extremely secure, as they are usually offline and therefore not hackable. However, they can be stolen or lost. Some large investors keep their hardware wallets in secure locations such as bank vaults.
What is the difference?
Jump to: