Should I get a hardware wallet ? | Bitcointalksearch.org

Btcvilla

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Quote from: bjbear123 on December 04, 2017, 12:49:17 PM

Im looking to hold crypto for the long term... I don't want to touch or spend it.

Should I get a hardware wallet ?

Im looking at the Ledger Nano S, Is it SAFE ? What hardware wallets to you use ? Is it possible Ledger has access to our private keys ?

I guess when you want to invest you have to have basic knowledge. and when you need a wallet, there are many recommendations that friends have discussed here. hardware can be the best choice for you to use.

Salesman4coinZ

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If you are unrelenting with your data, a hardware wallet will not safe your cryptocurrencies from getting stolen. So h hardware wallet does not give you real safety if you dont live secure with your personal data. I just have paperwalets since years, and i had never problems. You just need to be safe. Dont go to p0rn sites or warez sites with the pc you doing crypto stuff. Invest some money in a good anti virus. Stay anonymous and dont spread everywhere in the internet how much money you got.

cezariusss

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I agree that hardware wallet is just an option and of course not 100% secure) If you want to store bitcoins for several years you can follow the example of Winklevoss twins: print the secret key and lock it in bank

kloinko1n

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These are useless acquisitions. It's easier to use cold storage then. I remember there was a special box that printed 2 keys on paper

kalstarzz

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Quote from: bjbear123 on December 04, 2017, 12:49:17 PM

Im looking to hold crypto for the long term... I don't want to touch or spend it.

Should I get a hardware wallet ?

Im looking at the Ledger Nano S, Is it SAFE ? What hardware wallets to you use ? Is it possible Ledger has access to our private keys ?

I think it's not necessary, it's just that you have to ensure the security of your device. because the virus in our device can cause our bitcoin to disappear. but if you use a hardware wallet it is more secure on the security of your assets.

The Alchemlst

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Quote from: bjbear123 on December 04, 2017, 12:49:17 PM

Im looking to hold crypto for the long term... I don't want to touch or spend it.

Should I get a hardware wallet ?

Im looking at the Ledger Nano S, Is it SAFE ? What hardware wallets to you use ? Is it possible Ledger has access to our private keys ?

You should specially if you are planning to hold a considerable amount of bitcoins and even tokens for a long period of time. Though it is expensive it will still depend on your how much you can risks with your investments whether you buy one or not. But it is would really increase your security and it doesn't have any access to your private keys.

dangwapo311

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It depends on how much bitcoin you are holding. There are difference between online wallet to a hardware wallet. Hardware wallet are more safe than online wallets. Although no matter how safe it is in the end it all depends on the user wether they take extra care with there wallets. I have been using online wallets and I have not yet experience any hacking or scam at all.

hot_ads

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The hardware wallet is the safest. If your encryption is worth a lot of money, then the hardware wallet is a good choice.

vanedwap

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Quote from: bjbear123 on December 04, 2017, 12:49:17 PM

Im looking to hold crypto for the long term... I don't want to touch or spend it.

Should I get a hardware wallet ?

Im looking at the Ledger Nano S, Is it SAFE ? What hardware wallets to you use ? Is it possible Ledger has access to our private keys ?

yes you should get one if you have big amount of bitcoin and you want to hold it for the long term, hardware wallet will keep your bitcoin safe for long term

jimbo77

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In case you really want a hard wallet you may buy it, yet do not think of it as the ultimate protection. You can always keep your cash fairly safe without this, particularly if you're planning in to hold for a lengthy time. Hardware wallets are usually for people who are always moving money about. In case you are holding for six months or even more you may either make a key offline and store it on a thumb drive or make a paper wallet without having to spend money on a device that you won't have to use for months.

Clara.Wilfred

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Ledger nanos and trezors are great and yes they are needed. I did hear a 15 year old from Birmingham managed to hack some levels of ledgers system but this is a good thing because he wasn't a hacker out to steal.

roxbit

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Quote from: Cloud_miner on March 28, 2018, 09:14:00 AM

You must buy a hardware wallet if you keep large amounts of money. This is one of the best methods of safe storage of crypto currency.

Yes, if only I have enough money I will buy myself a hardware wallet. I don't know which is safer or better the Trazor or ledger wallet. I don't mind whether the amount of my money is big or small I only want to secure my money because I was once a victim of wallet hacking. I can't afford another lose because I worked hard for it and it is not easy to earn from bitcoin. If buying a hardware wallet can assure me of safe storage of my earnings then it is worth the price.

JL421

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Yes it is a good thing i currently own a trezor and store all my funds in it i don't have to ever worry about my precious wallet coinbase getting hacked or worry that an exchange has been hacked because my funds are already securely stored in my hardware wallet. Many people normally suggest buying a ledger but trezor isn't bad

kasianov77

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I believe that an external wallet is required if you really expect growth, and it is not the numbers of the order of several months. Also, it's still a question of security of your investments. Scammers very much now.

FRJ

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I don't know more about hardware wallet.but the wallet you have told, I have heard its name before. I think in choosing a wallet ,you should let us know about what amount of Bitcoin you do want to store. then this would be help anyone to suggest you something better.

Caesar-Giulius

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Buy, sell and store real cryptocurrencies

For holding long term, it is good to buy a hardware wallet. I have been using one and find it good and easy to use.

akmittal

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There is no danger if you hold your Bitcoin in your wallet. If you want more security you can buy TRAZOR wallet. Buy this wallet from manufacturer directly. Check on receiving that software should not be preloaded in the wallet.

PHP.guru

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It is good to own a hardware wallet if you have a lot of investment in your wallet. It is to add another layer of security to prevent your account detail to be hacked by the hacker.

Svelto

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Yes, I am using Ledger hardware wallet and didn’t regret buying it. Ledger is easy to use and handy, it support not only BTC but some other altcoins and ERC20 tokens. I will highly recommend you to get it from the official website.

predictors

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As long as you can afford one. Hardware wallets might be expensive, but it's the most secure wallet you can have to store your coins. Primarily, they're virus-proof (at least, that's what they claim), pin protected, and can support multiple cryptos in one wallet. So I'd say go for it. Ledger Nano S wallet is a cool wallet with the nifty mini LED screen on it. Security wise, it's safe to get you through.

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