Create air-gapped wallets
I think if a person does not have money to buy a new and official hardware wallelt, a non custodial wallet like Electrum wallet is good enough to use.
You can use Electrum software to create a single signature wallet or a multi signature wallet.
If you want to create a cold wallet with Electrum software, you can too.
https://bitcoinelectrum.com/creating-a-cold-storage-wallet-in-electrum/
They offer a 2FA wallet too but you will have to spend additional fee for your transaction to a company that hosts your 2FA codes. I would not like to use this one.
Topic: People who don't use hardware wallets: Why not? - page 4. (Read 505 times)
Most of the peoples did not use hardware wallets for storing crypto currencies. The reason behind that they want to earn money from trading, that's why they prefer to keep their funds on Crypto currency exchanges. But, the exchanges are not secure enough to keep millions of dollars on it. Exchanges are centralized. A recent FTX exchange Fraud in the market. Peoples have lost their thousand or even millions of funds on FTX.
So, just keep small amount of dollars on exchanges.
So, just keep small amount of dollars on exchanges.
The main reason for which many people don’t use hardware wallets is due to the necessity of the users. Most of the time, users don’t have large amount of Bitcoins. They basically hold a couple hundred dollars worth Bitcoins. Now in order to store it, they aren’t gonna buy a 200$ worth of wallets. Moreover Desktop or paper wallet can also be a good and free alternatives to these wallets, and majority of the users use this for it’s flexibility.
Bitcoin was designed to not be used with hardware wallets. So if you dont use a hardware wallet then you use bitcoin in its original form. If you dont know how to properly secure your computer then a hardware wallet can be used but it is not how it was originally designed. With that said I still use a hardware wallet, since you can just sleep better 
Just purely out of curiosity. 99% of people who don't know how to properly create an airgapped device should be using hardware wallets.
There are multiple reasons why many people including crypto veterans don't use hardware wallet,
1. It's not completely decentralised
2. Hardware wallets are costly
3. People can use good antivirus and anti-spyware for their PC
I am personally attached with bitcoin since 2016, but I have never used a hardware wallet because I never felt like using one. Electrum is good enough for me!
Just purely out of curiosity. 99% of people who don't know how to properly create an airgapped device should be using hardware wallets.
There are many reasons behind that people are not using hardware.wallet. And let me show you these,1) First Of All All people are not aware of Hardware wallets like ledge nano wallet etc.
2) hardware wallets are not cheap and they cost some hundred bucks. And low volume users cannot afford to buy these wallets.
3) most people do not trust hardware wallets.
As you can see it ranges from 150 to 300 dollars and that's the reason mostly people do not know about this.
2) If the investment in crypto is a couple of hundred dollars or a little more, then what's the point of buying a HW for at least $80 -150? Then already buy crypto for this amount.
3) Indeed, there is a category of crypto-enthusiasts who don't trust HW device manufacturers, and they are also able to organize the storage of their crypto in such a way that they don't need a hardware wallet. This is already the level of advanced users.
Just purely out of curiosity. 99% of people who don't know how to properly create an airgapped device should be using hardware wallets.
There are many reasons behind that people are not using hardware.wallet. And let me show you these,1) First Of All All people are not aware of Hardware wallets like ledge nano wallet etc.
2) hardware wallets are not cheap and they cost some hundred bucks. And low volume users cannot afford to buy these wallets.
3) most people do not trust hardware wallets.
As you can see it ranges from 150 to 300 dollars and that's the reason mostly people do not know about this.
Yeah, the price is definitely not cheap but if you own 1btc or more, $300 is a small amount to pay for maximum security assuming this is what you get when you purchase a hardware wallet.
i think the reasons are relative, in my case, I never really find it that necessary to own one, especially the convenience of carrying it along, if you are forgeful, it can be a huge disadvantage too.
In the same manner that you can also ask, why do people who have Bitcoin don't know anything about Bitcoin? I know of someone who invested money in Bitcoin but doesn't have a clue about what it is. I know of another who has Bitcoin herself but doesn't know what a hardware wallet is. She hasn't even heard of the Lightning Network yet. So if they don't even know what Bitcoin stands for, how surprising it would be to know that they don't have a hardware wallet?
Just purely out of curiosity. 99% of people who don't know how to properly create an airgapped device should be using hardware wallets.
There are many reasons behind that people are not using hardware.wallet. And let me show you these,1) First Of All All people are not aware of Hardware wallets like ledge nano wallet etc.
2) hardware wallets are not cheap and they cost some hundred bucks. And low volume users cannot afford to buy these wallets.
3) most people do not trust hardware wallets.
As you can see it ranges from 150 to 300 dollars and that's the reason mostly people do not know about this.
I don’t think hw wallets a necessity. To me, it is the exact opposite. No matter how cheap and reliable they are, I will probably never use a hw wallet. That’s because a small laptop works for me and I don’t need a hw wallet and probably never will. I use linux on my laptop, it is connected to the internet and never had any problems. 99999 times out of 100000 (i’d say 100% but sometimes shit happens) you won’t have a problem with a simple setup like this. That’s if you don’t do pirating and similar crap on your PC and use a linux distribution as your OS.
If you want to be 100% safe, create your wallet on a freshly linux installed laptop with no wifi card.
If you want to be 100% safe, create your wallet on a freshly linux installed laptop with no wifi card.
In summary:
"Coinbase/Binance is secure enough."
"What if I lose my backup?"
"My phone/computer is secure because I have an antivirus."
Probably something along those lines.
"Coinbase/Binance is secure enough."
"What if I lose my backup?"
"My phone/computer is secure because I have an antivirus."
Probably something along those lines.
Just purely out of curiosity. 99% of people who don't know how to properly create an airgapped device should be using hardware wallets.
In my opinion it depends on how much they've invested in bitcoin. For example someone who has bought a couple of hundred dollars worth of bitcoin is never going to pay for a hardware wallet. It makes more sense for those who have large amounts of bitcoin.Another thing to consider is how many times you are going to want to access your funds. A paper wallet is more suitable for "storage" that you don't want to touch while a hardware wallet is more suitable for those who want to regularly access the funds.
Just purely out of curiosity. 99% of people who don't know how to properly create an airgapped device should be using hardware wallets.
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