Should I get a hardware wallet ? - page 2.

Lmaooo

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santacoin.io

Quote from: bjbear123 on December 04, 2017, 11:49:17 AM

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 ?

Hardware wallet is the most secure cryptocurrency wallet out there and Ledger Nano S is one of the best hardware wallets. I read many online articles written by experts recommending people to use hardware wallets "the ledger wallet in particular" for maximum security. Apart from Ledger wallet, there is also another great hardware wallet which is my favorite, it is called the Trazor wallet, it is actually the best hardware wallet for me, it is made by the #SatoshiLabs

Cloud_miner

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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.

webmastax

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Hard wallets are the best way to save your cryptocurrencies. Check this to help you to choose a hard wallet:
https://99bitcoins.com/winners2017-best-bitcoin-hardware-wallet/

marjon

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Yes you should, especially when you're holding big amount of Bitcoin. Hot and other known custodial wallets are unsafe and vulnerable from hacking than hardware wallets. I recommend to use ledger, this brand by far already gained good reputation by many.

Rosilito

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Wish for the rain? Then deal with the mud too.

Well, it will always depends upon you if you want to spend it or not. In fact, you don't even need to buy or use such hardware wallets just for the sake of not spending it. You know, you only need is discipline for you to hold your bitcoin for a long time and not spend it. Self discipline will always matter here.

zhekinsp

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Quote from: heureca on March 20, 2018, 01:08:23 AM

I think that BTC have reliable web wallets like blockchain.info. It is secure wallet for BTC holding. Also it depends on your amount of BTC - it is better to split big amount in several different wallets

I don't think it is a good idea to keep bitcoins for long term if the OP can't afford to buy hardware wallet then he can install the software wallet like Electrum which is very safe to keep bitcoins and all you need to do is keep the private key safely.

yoseph

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Quote from: heureca on March 20, 2018, 01:08:23 AM

I think that BTC have reliable web wallets like blockchain.info. It is secure wallet for BTC holding. Also it depends on your amount of BTC - it is better to split big amount in several different wallets

That's the most reliable wallet there is currently and though i previously thought that when your wallet gets lost, all your bitcoins gets lost as well, I have been corrected and i advice everyone to get some for use.

volcanofetus3

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Ofcourse hardware is better option for long term storage. but you need a complex and better lock system for securing your btcs for that long

heureca

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I think that BTC have reliable web wallets like blockchain.info. It is secure wallet for BTC holding. Also it depends on your amount of BTC - it is better to split big amount in several different wallets

Pandu Gleen

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if indeed the wallet of the device is needed to better secure the assets you have, better use the hardware wallet.

nicosey

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Quote from: Tavarez on March 16, 2018, 06:53:42 AM

Quote from: potterbean5 on March 15, 2018, 10:55:15 AM

If you want a big amount to be stored for a long term you must definitely use a hardware wallet

definitely suited for greater amounts of crypto, hardware wallets have couple advantages like private keys never exposed, hardware immune to pc viruses, hardware requires you to confirm transactions, pin protection (stg. like with debit cards). and allow you to store different types of cryptocurrencies.

Do can fail, so remember to have robust solution for the seed.

piratcoin

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Man, with no delay you must get the instrumentality billfold, and therefore the additional establishes you've got, the less wavering is needed emoticon
Two focuses to be watched however:
1. ne'er unveil your reinforcement words to anyone, because it is conceivable to induce to your establishes with those words! They got to be unbroken safely.
2. Purchase your appliance from producer web site simply, as there ar proverbial instances of tricks by eBay re merchants. Examine the defensive seal upon conveyance.

brokeroutriggerR

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I don't think paper wallet would be unsafe for that! you just need to set an awsome password combination that's all

hushwind

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I don't know how to secure btcs in hardware. Can you explain me too?

Tavarez

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Quote from: potterbean5 on March 15, 2018, 10:55:15 AM

If you want a big amount to be stored for a long term you must definitely use a hardware wallet

definitely suited for greater amounts of crypto, hardware wallets have couple advantages like private keys never exposed, hardware immune to pc viruses, hardware requires you to confirm transactions, pin protection (stg. like with debit cards). and allow you to store different types of cryptocurrencies.

potterbean5

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If you want a big amount to be stored for a long term you must definitely use a hardware wallet

Skizzewizzie

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Yes absolutely. It's an incredibly safe way to store your coins without worrying about hacks and what not. Always choose the best way possible to store your coins. With a hardware wallet, you know when you lose your wallet, it's actually out of your own carelessness. So buy one without delay

brickafterbrickwalldpt

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Quote from: johnnythunder on March 14, 2018, 12:19:17 AM

Man, with no delay you should buy the equipment wallet, and the more establishes you have, the less wavering is required Smiley
Two focuses to be watched however:
1. Never unveil your reinforcement words to anyone, as it is conceivable to get to your establishes with those words! They ought to be kept safely.
2. Purchase your gadget from producer site just, as there are known instances of tricks by eBay re merchants. Examine the defensive seal upon conveyance.

Buying a hardware wallet from a reseller shouldn't be a problem unless you are an idiot. There was a story that someone received their hardware wallet with already generate and written down seed. Instead of wiping the device, that person continued to used and and eventually got their funds stolen. Both Ledger and Trezor check whether someone tried to modify the software of devices. If it happened, device should display a proper warning. Seed words are very important, if you can't make sure that nobody will see them then use a passphrase. It will work as a 25th or 13th word of your seed without which you nobody will be able to steal your BTC.

stirrergreenish

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I don't think a costly hardware is not suitable for storing a little quantity of btcs

johnnythunder

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Man, with no delay you should buy the equipment wallet, and the more establishes you have, the less wavering is required Smiley
Two focuses to be watched however:
1. Never unveil your reinforcement words to anyone, as it is conceivable to get to your establishes with those words! They ought to be kept safely.
2. Purchase your gadget from producer site just, as there are known instances of tricks by eBay re merchants. Examine the defensive seal upon conveyance.

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