Topic: Should I get a hardware wallet ? - page 4. (Read 1156 times)
If you are holding at least .5 BTC, that's around $5,000. I think you should consider buying a hardware wallet for security. Especially if you plan to hold it for long term.
Personally, hardware far more safer than you keep on computer because if you're computer got hacked, everything is gone.
Just make sure that your device not get stolen because the size quite small,right
For long term holding, then you should definitely store in a hardware wallet.
Just make sure that your device not get stolen because the size quite small,right
For long term holding, then you should definitely store in a hardware wallet.
I think yu shoul choose that type of the wallet that have strong security and low chance of the lose. Now according to me you should use the bitcoin wallet or use other crupto wallet becasue these wallets are more secure and low chance of the lose in that , while in physical wallet you may lose OR someone can thief your wallet.
Nothing better then yourself organized safety.
I not seen reasons to buy hard wallet even when i have big funds in crypto
I not seen reasons to buy hard wallet even when i have big funds in crypto
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 ?
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 really recommend for you to own a Hardware if you really wanted to hold some of your tokens for a long term for it to be protected from hackers. But it really depends on the amount that you wanted to hold in your wallet, Because acquiring a Hardware wallet is expensive, (on our country perhaps, because we are in a third world country.) If you are holding a token that is much expensive than hardware wallet.
If you can afford then go buy it for more secured wallet. If you are paranoid about your crypto goods then buy it. It is not bad to be paranoid about your money since it is your source of income. But if you're poor to buy try some trusted wallets online and wait for your hardware wallet if you have earn some money.
If you want to spend some money then hardware wallet would be the best and safest. Ledger Nano S is definitely the best option. I am also interested to buy Ledger Nano S. It has a lot of positive feedback.
I am not sure about Ledger Nano but I have heard that it stores multiple type of coins as compared to that of Trezor but to be honest, I am fan of Trezor wallet and I am in the process of setting up my Trezor arrived just couple of hours ago. You can go with hardware wallet or even with a paper wallet as you said that you won't make much transactions. So maintaining seek keys/paper wallet is enough for you.
I really can't understand why so many people seems to prefer hardware wallet instead of paper ones for long storage: they are naturally a little more prone to hacking and/or failure (because they run sw and have an hw) and they still need a paper wallet (the seed) to be properly used
I had a kind of a multilayer (with multiple levels of passwords - truecrypt, rar, wallet passphrase) cold wallet once and bringing it hot was a stressful experience. Did I do everything right? Is the computer I am using now secure? I was really scared that by a small copy-paste mistake I have rendered my founds inaccessible.Maybe the multiple levels were an overkill, but I was a security paranoid, and I think it is better than approaching those matters lightly.
Now I am using a hardware wallet and I have no more security or safety concerns. Also, the founds in a hardware wallet are always at your disposal - they are already hot, but secured. With a paper wallet you must first bring them hot, before you use them.
You are right about the seed, but again, 24 or 25 english words are much more managable than a long stream of digits and letters.
So summing up, paper wallets have the disadvantages too. It is a matter of a personal choice, sure, but I would choose hardware wallet everytime.
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.
yes you could because it has a lot of benefits to you like you can access your wallet by just input you hardware wallet and less possible to misplaced your private key
agree with everyone here.
it depends on how much you want to play the bitcoin, not on how long you want to keep it
it depends on how much you want to play the bitcoin, not on how long you want to keep it
I really can't understand why so many people seems to prefer hardware wallet instead of paper ones for long storage: they are naturally a little more prone to hacking and/or failure (because they run sw and have an hw) and they still need a paper wallet (the seed) to be properly used
Yes, you need hardware wallet, if you want invest good money for long term
Man, without any hesitation you should purchase the hardware wallet, and the more founds you have, the less hesitation is required 
Two points to be observed though:
1. Never disclose your backup words to anybody, as it is possible to access your founds with those words! They should be kept very securely.
2. Buy your device from manufacturer site only, as there are known cases of scams by eBay resellers. Inspect the protective seal upon delivery.
Two points to be observed though:
1. Never disclose your backup words to anybody, as it is possible to access your founds with those words! They should be kept very securely.
2. Buy your device from manufacturer site only, as there are known cases of scams by eBay resellers. Inspect the protective seal upon delivery.
If you often make transactions and are afraid for the safety of your funds, you definitely should think about purchasing a hardware wallet.
If your really not going to use it for years, then just print a paper wallet. That doesn't cost anything and instead you can spend the money on more Bitcoin.
This is the best, oldies but goodies. For those that don't want to spend some bucks to get their own hardware wallet this fits you guys. Just keep it safe since you will not use it for years so its for keeps.Hardware wallets are convenient for active usage, but really not worth the money if you're not going to use it that way.
Its use now is also being considered as cold storage even though it won't be use as an active wallet but more of storage.
All hardware wallets are much more reliable than keeping cryptocurrency in online wallets or exchanges. In addition, I will say that cryptocurrency is yours only if you have a private key.
Im looking at the Ledger Nano S, Is it SAFE ?
Honestly, the quality of production is very mediocre. By default, the device already has Ethereum and Bitcoin wallets. The device is not self-contained, for each new currency you need to install the application on it. Ethereum wallet started easily, everything works, made a test translation from Ethereum Wallet, coins were displayed for about 10 minutes. But I could not launch Bitcoin wallet for the sake of which, in principle, I ordered the device. I often have to restart the device, fix various problems. It works badly, with interruptions, it isn`t safe enough. I would not recommend such a wallet.
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