Pages:
Author

Topic: Please Buy a Hardware Wallet - page 10. (Read 2833 times)

member
Activity: 84
Merit: 10
January 27, 2018, 06:37:45 AM
#30
Thanks for giving examples of wallets that you use, sometimes it is a pain in the ass to make a research yourself and much easier to follow someones advice.
full member
Activity: 840
Merit: 128
January 27, 2018, 06:31:57 AM
#29
If you have a Raspberry Pi ($35-45) you can use it as an offline computer keeping it off the net and changing the SD card.
It runs Linux, you can load any wallet (of any coin) you want and print paper wallets in a printer or sign your transactions.
When you are finished, change the card and save it in a secure place.
The card is minimal (mini SD) and you can hide it anywhere. This is my favorite cold storage method.
hero member
Activity: 1442
Merit: 629
Vires in Numeris
January 27, 2018, 06:06:47 AM
#28
Really I am more afraid of losing my hardware wallet and never being able to get back the Bitcoins once the hardware gets missing, that's one thing people should consider when buying these hardware wallets because though it offers the highest security it can get lost easily too.
Just read the post above about the backups of the hardware wallet. If you have your seed, you can lose the hardware wallet itself, no problem. Just buy a new one and set it up with your seed, all your coins will be back to the new hardware wallet (doesn't matter if it's Trezor, Ledger Nano S they are similar, they use seed to generate the addresses keys etc.)
Also, in my opinion, hardware wallets are for the newbie or average bitcoiners, not for the hardcore ones. The newbies won't have the necessary information to set up an airgapped PC just for the purpose of storing the desktop wallet, and they won't be able to sign and broadcast a transaction, make backup of the wallet, because it needs time to learn it. Using a hardware wallet is easy and really straightforward. If newbies and awareage joes are becoming experts and will have the necessary knowledge, they will move forward to the safest storages (if they care, or if they have a higher amount of coins...) Using a hardware wallet is much safer than a desktop wallet on an internet enabled PC.
member
Activity: 129
Merit: 10
January 26, 2018, 05:54:01 PM
#27
A hard wallet is claimed to be the safest wallet for electronic money storage. Of course, hard wallets are not as free as other wallet types, but spend a small amount of money so you can be assured. Do not fear your electronic money can be stolen at any time. Never mind that "risk of theft will never come to you", because the hacker will not leave no one. As the cryptocurrency market becomes more and more accepted around the world and increases in value, your wallet will be more and more watched.
legendary
Activity: 1652
Merit: 1483
January 26, 2018, 05:37:25 PM
#26
Anyway, hardware wallets are always going to be the most safest thing that you can buy.

is that so? i prefer using a cheap offline netbook for signing transactions and broadcasting raw signed transactions from an internet-connected PC. i'm skeptical of the security guarantees of hardware wallets, especially after the meltdown and spectre vulnerabilities. meltdown/spectre highlighted the truth that devices are only secure insofar as our security assumptions are correct.

those security assumptions may be proven wrong overnight. just ask intel about that. Tongue

the bottom line is, do you really want to have all your crypto stored on one device? and further, do you really want all your private keys being plugged into an online computer? i don't care what ledger or trezor or anyone else says; that's just irresponsible.

Golden rule is if you have more then a few weeks worth of salary then you should invest in a hardware wallet.

that's a strange golden rule considering what we know about some hardware wallets: https://twitter.com/evoskuil/status/953455494705774592

the ledger/trezor mania is painting a big target on the backs of hardware wallet owners. the attack surface is wide and exploits are highly likely to be found eventually. plan accordingly. use dedicated cold storage. hardware wallets are fine for a limited amount of funds, but people should really stop treating them like they give you bank-level security. they don't.
sr. member
Activity: 868
Merit: 266
January 26, 2018, 05:33:50 PM
#25
No oen can take you seriously because you are using a signature for a scammy project. Sorry for that, but it makes my stomach leave my body (literally)
I totally agree. You often hear about people that lost (a lot) of money because they get hacked. Using a hardware wallet is definitely recommendable, but I do have to say that your post is a bit cheeky as well by sharing your referral links. Makes you come across less sincere. (Just on a side note) Wink

Anyway, hardware wallets are always going to be the most safest thing that you can buy.

I prefer to buy a Ledger, instead of buying a blue bottle of Johnny Walker, seriously.



I got a ledger about a month ago and it makes me feel safe. I just didn't feel safe having that many coins on one address. You cannot put a price on safety.
Golden rule is if you have more then a few weeks worth of salary then you should invest in a hardware wallet.

Also backups people backups!! Make many of them and make sure you print some out.
Really I am more afraid of losing my hardware wallet and never being able to get back the Bitcoins once the hardware gets missing, that's one thing people should consider when buying these hardware wallets because though it offers the highest security it can get lost easily too.
full member
Activity: 312
Merit: 111
January 26, 2018, 05:30:02 PM
#24
I dont want to be buzz killer...but anything above 5000USD use a paperwallet and sign transactions on a dedicated offline pc.

Its hard to use it first time but just pend 300USD on a small laptop, by a printer for 50USD and use them only for offline signing. Spend some transaction fee and move a couple of times between paperwallets till you fully understand what your are doing. Storing any seriues amount even on a trezor (I have one), is a bad move.

under 200-300 use just your mobile
up to 5000 use trezor or ledger
above 5000, use paper wallet created on a dedicated offline pc and printer that you only use on that pc.
hero member
Activity: 1442
Merit: 629
Vires in Numeris
January 26, 2018, 05:20:37 PM
#23
No oen can take you seriously because you are using a signature for a scammy project. Sorry for that, but it makes my stomach leave my body (literally)
I totally agree. You often hear about people that lost (a lot) of money because they get hacked. Using a hardware wallet is definitely recommendable, but I do have to say that your post is a bit cheeky as well by sharing your referral links. Makes you come across less sincere. (Just on a side note) Wink

Anyway, hardware wallets are always going to be the most safest thing that you can buy.

I prefer to buy a Ledger, instead of buying a blue bottle of Johnny Walker, seriously.



I got a ledger about a month ago and it makes me feel safe. I just didn't feel safe having that many coins on one address. You cannot put a price on safety.
Golden rule is if you have more then a few weeks worth of salary then you should invest in a hardware wallet.

Also backups people backups!! Make many of them and make sure you print some out.
About backups:
If you have a hardware wallet, you have a seed for it (random words). Hardware wallets protects your coins, but who protects your hardware wallet?
When you set up your hardware wallet, you're instructed to write down your seed on a piece of paper.
If you are paranoid, don't type the seed into the PC and print it out several copies, but do it manually, with paper and pen. Make several copies of your seed. You can lose your hardware wallet, it can become defective, etc. no problem, if you have your seed, you can buy another hardware wallet and set it up with the seed you have on your paper, and you'll have your coins on the new hardware wallet in a second. If you don't have the seed, you don't have your coins... it's similar to private keys but because of the hardware wallet, it's easier to use the seed.
Put the seed into safe places (laminate the paper if you wish) or hardcore users can engrave the seed into small metal business cards to prevent it from fire and disaster...
Anyway, handle your seed as you would handle your life savings, put it into a safe box, etc...
newbie
Activity: 54
Merit: 0
January 26, 2018, 02:11:48 PM
#22
I totally support this topic. I also propose to all that they buy hardware wallet and put their crypto on it. I think a lot of ppl are still blind and trust to have all in exchange wallets.
sr. member
Activity: 906
Merit: 263
January 26, 2018, 02:10:14 PM
#21
No oen can take you seriously because you are using a signature for a scammy project. Sorry for that, but it makes my stomach leave my body (literally)
I totally agree. You often hear about people that lost (a lot) of money because they get hacked. Using a hardware wallet is definitely recommendable, but I do have to say that your post is a bit cheeky as well by sharing your referral links. Makes you come across less sincere. (Just on a side note) Wink

Anyway, hardware wallets are always going to be the most safest thing that you can buy.

I prefer to buy a Ledger, instead of buying a blue bottle of Johnny Walker, seriously.



I got a ledger about a month ago and it makes me feel safe. I just didn't feel safe having that many coins on one address. You cannot put a price on safety.
Golden rule is if you have more then a few weeks worth of salary then you should invest in a hardware wallet.

Also backups people backups!! Make many of them and make sure you print some out.
hero member
Activity: 602
Merit: 500
January 26, 2018, 02:07:45 PM
#20
This possibility is a good idea that suggests that hardware wallets make security more reliable because you are holding your money. and I believe using hardware wallets is not just for bitcoin. This is also for other coins Cry
hero member
Activity: 728
Merit: 500
January 26, 2018, 01:46:19 PM
#19
No oen can take you seriously because you are using a signature for a scammy project. Sorry for that, but it makes my stomach leave my body (literally)
I totally agree. You often hear about people that lost (a lot) of money because they get hacked. Using a hardware wallet is definitely recommendable, but I do have to say that your post is a bit cheeky as well by sharing your referral links. Makes you come across less sincere. (Just on a side note) Wink

Anyway, hardware wallets are always going to be the most safest thing that you can buy.

I prefer to buy a Ledger, instead of buying a blue bottle of Johnny Walker, seriously.

legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
January 26, 2018, 01:37:29 PM
#18
This has become relevant again within my group of friends.  Please buy a hardware wallet guys.   Cry

I think that somehow people don't talk enough about hardware wallets, to show how useful they are, to show what they do good and what they don't do good enough.
There are a lot of use cases even myself have to research for.
Many new users don't even know about them because they are not enough advertised (some think that if it's so good, it doesn't need to be advertised; they're wrong).


Even myself I keep telling myself I have to buy a HW wallet and I didn't yet. I am lazy; I keep thinking that I don't have so much money to worth the investment, although if I lose even my small amounts I'd be very sad. (so I will buy one, soon enough)
full member
Activity: 462
Merit: 115
January 26, 2018, 01:29:41 PM
#17
This has become relevant again within my group of friends.  Please buy a hardware wallet guys.   Cry
member
Activity: 364
Merit: 10
December 21, 2017, 07:42:43 PM
#16
I just read about person getting keylogged and losing some Eth.  This advise is still good!

That's why im not try to open my wallet in other person's device
Its very high risk, though if the guy is very understand about IT and crypto
I've only use my device to open my wallet

I also plan to buy hardware wallet, best way to save our BTC or alts but my profit from here looks still can't reach to buy them
full member
Activity: 462
Merit: 115
December 21, 2017, 07:38:01 PM
#15
I just read about person getting keylogged and losing some Eth.  This advise is still good!
sr. member
Activity: 728
Merit: 265
October 14, 2017, 06:11:13 PM
#14
That was a good advice mate, thanks for that. I was planning to buy some Trezor too but I don't know how much it was in my country here in the Philippines and where do I can find that kind of wallet since bitcoin is don't have much attention in the crowd by this time being. I really love that kind of wallet for better security because lot time I really read a review about all kind of hardware wallet and really of what wallets you adviced here are awesome and they are at the top that ensures for safety of your crypto coins.

Hope that I can find it here in my country since I've been online and never saw one and always product on abroad are always popping up and it has huge prize plus shipping fee. Thanks also for the advice, I'll keep that in mind.
full member
Activity: 140
Merit: 100
October 14, 2017, 06:03:29 PM
#13
Thanks for this sincere concern for the newbies of this bitcoin community and I’m one of them. I do use much of an exchange wallet and thinking that one day using hardware wallet is more of a necessity and a must.

It is what really needed in order to prevent such rampant cases of lost bitcoin because of hacking and online exchanges that turns out to be a scam and shutdown after collecting much amount.
full member
Activity: 125
Merit: 100
October 14, 2017, 05:58:37 PM
#12
I can agree with you but the wallet needs to be secure and from a trustable company because some of these wallets can also steal everything you have it is very good to know which one is trustable.
legendary
Activity: 1806
Merit: 1521
October 14, 2017, 05:57:42 PM
#11
I have all my valuable crypto, that's currently supported, on my Ledger.  My Bitcoin, Ethereum and you can bet your ass once Deep Onion is supported it will be safely secured on there too.  The Ledger is easy to use and the instructions are crystal clear.  At less than $80, there is no reason not to protect your investment.  Even if you only have $250 in BTC/ETH, you will buy more so you might as well buy one of these now.  

I don't want to read another story about someone getting robbed of their Bitcoin and I want our community to flourish.  Secure your coins!

Personally, I'm not comfortable with hardware wallets. Call me paranoid, but my cold storage is on air-gapped PC. Transactions signed on cold wallet and pushed from a machine that connects to the internet. I don't really know the level of competency of these manufacturers. And I also prefer the idea of using generalized hardware vs. specialized cryptocurrency wallet hardware because the latter puts a target on your back for theft. Again -- yes, I am paranoid. Better safe than sorry, though.

Also, people should avoid third party sellers, Amazon, etc. when buying hardware wallets. There are ways to see if your device has been tampered with, but it's safe to assume most noobs won't bother to look. Buy only directly from the manufacturer if you want to use hardware wallets.
Pages:
Jump to: