Topic: They say hardware wallets are the safest (Read 1099 times)
Many of scams are happen with internet. Hackers use many of apps and websites to access device and Wallets. Apps and devices are connected with internet so they easily access wallet account. Hardwere Wallets are offline devices they are not connected with internet and you also can't use apps and websites in hardwere wallet so hackers can't access hardwere wallet.
What do you mean by hardware wallet?
Look at this list, I did not find a link to the English version from Ratimovhttps://bitcointalksearch.org/topic/--5282371
The biggest advantage of a hardware wallet is that it is perfectly protected from viruses. The hardware wallet is also well protected from theft if you use the 25th word or passphrase.Users lose money because they neglect security due to various inconveniences.
What do you mean by hardware wallet?
Look at this list, I did not find a link to the English version from Ratimovhttps://bitcointalksearch.org/topic/--5282371
The biggest advantage of a hardware wallet is that it is perfectly protected from viruses. The hardware wallet is also well protected from theft if you use the 25th word or passphrase.Users lose money because they neglect security due to various inconveniences.
What do you mean by hardware wallet? In a computer system there are two types of wares. Hardware and software. Hardware are those things one can see, touch and feel while the software are those things one can not touch but can see and feel only. Therefore, any thing in the computer, be a application, file, folder and wallet etc are categorized as a software because you can not touch them. So if you ask me hardware wallet I will say that the wallet us used while going to market, boutiques in our pocket. As for me particular, the wallet we put in our pocket is known as hardware wallet.
But that not withstanding, if there is a wallet in the system called hardware wallet it can't be authentic as software wallet. I will strongly believe that, software wallet is more secure than to the so call hardware wallet, because hardware wallet will be just like physical wallet which is easily to operate and steal. But the software wallet is not easy to operate by anyhow person and it is not easy to steal because it is well locked with key.
But that not withstanding, if there is a wallet in the system called hardware wallet it can't be authentic as software wallet. I will strongly believe that, software wallet is more secure than to the so call hardware wallet, because hardware wallet will be just like physical wallet which is easily to operate and steal. But the software wallet is not easy to operate by anyhow person and it is not easy to steal because it is well locked with key.
Why do they say that? Correct me if I'm wrong. Isn't, hardware wallet, a hardware like usb, that generates private keys without being online on the internet?
Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.
Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.
Well, you can’t have 100% of everything. When it comes to being safe, hardware wallets are very safe than other type of wallets that you are going to see. When your money is stored in a hardware wallet there is no way that it would be hacked easily As they would other wallets. The only disadvantage is that when you lose it your coins are gone, and that is why I said that you can’t have 100% of everything.Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.
Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.
Everything that has an advantage is always going to have the bad part of it. It’s just up to you to be aware of those disadvantages, and be careful and try to avoid them as much as possible. Personally I’ve not used a hardware wallet, and have never had any issues at all.
Hardware wallet is safe as it it's not accessible to the hackers because of no connectivity to the internet. Sono one can steal your until he or she gets your hardware wallet.
But it is having some drawbacks as well as
Firstly as hardware wallet are actually electronic devices so they can be damaged by different factors.
Secondly if someone steals it then you are going to lose all of your assets and they would not be needing any key phrase to open it.
But it is having some drawbacks as well as
Firstly as hardware wallet are actually electronic devices so they can be damaged by different factors.
Secondly if someone steals it then you are going to lose all of your assets and they would not be needing any key phrase to open it.
Both have advantages and disavantages between hardware and online wallet. But if we have big amount of money in crypto it's better to save it in hardware wallet because it's easier to save it from physical danger rather than hack from the hackers because big amount of wallet must be targeted by the hackers.
Seperating assets into multiple wallets is also highly recommended in crypto because if anything happen to one, we still have another backup at least.
Hardware wallet is safe as it it's not accessible to the hackers because of no connectivity to the internet. Sono one can steal your until he or she gets your hardware wallet.
But it is having some drawbacks as well as
Firstly as hardware wallet are actually electronic devices so they can be damaged by different factors.
Secondly if someone steals it then you are going to lose all of your assets and they would not be needing any key phrase to open it.
But it is having some drawbacks as well as
Firstly as hardware wallet are actually electronic devices so they can be damaged by different factors.
Secondly if someone steals it then you are going to lose all of your assets and they would not be needing any key phrase to open it.
my experience has happened,, for about a year, bounty projects often have to make a hardware wallet.. and there it is actually safe,, because only on our computer system to be able to access,, but it's all lost for nothing,, because of the computer that I have broken and there I am.lost it all.and now I'm not really into hardware wallets..
Why do they say that? Correct me if I'm wrong. Isn't, hardware wallet, a hardware like usb, that generates private keys without being online on the internet?
Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.
Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.
Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.
Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.
There are two things to be taken care of in case you have a hardware wallet.
1. To hardware wallet itself
2. The private key associated with that hardware wallet
Now if the hardware wallet is lost, you can buy a new hardware wallet and restore ur coins with private key. If the private key is lost or compromised, then all your funds are gone.
I can prove you are wrong because as I can see you don't have enough knowledge about the hardware wallet where you think that losing the hardware itself will the lose of all your wallets and money on it where in fact the wallet generates a 24 backup phrase where using this phrase will have an access to your wallet even using a software wallet.
^Snipped
Based up also on my own experience i havent really getting hacked nor being scammed or something like that on just using non custodial ones. All you do need to have is
common sense and awareness on how security should really be concern most of the time so that you would really able to save up your ass.
For someone that has been in crypto dor years now, I've had my fair share of SW. I started out from MyEtherWallet even though there was high phishing and hacking incidents at the time, not once was my wallet compromised and I've used others like Metamask which I think is a very secure SW wallet by the way. But trust wallet? Not so much. I don't know but I feel some of these SW might have a bug that can get them easily compromised but it's not the case with HW.
yes you are right, if the hardware wallet broken, you will lose all of your bitcoin, so there are many people that use hardware wallet for investing in a very very long time, so they dont use it everyday, and every time,
if you want to use it everytime i think the software wallet is a better choice than hardware wallet
if you want to use it everytime i think the software wallet is a better choice than hardware wallet
Not true you are not losing anything
If in case your hardware wallet was broken and cannot be used, just buy another hardware wallet and transfer your seed there. As long as your private key is safe, your hardware wallet can be recoverable anytime. So, the most important thing is your private key, just make sure it keeps it safe and store it in a safe place where no one knows except you.
I think HW and SW wallets are the same if they get extra treatment in storing the keys, as well as the relationship between wallets
sometimes without realizing we enter the phishing web that makes our wallets insecure
so the point is that the HW and SW wallets are equally good in terms of storage quality
sometimes without realizing we enter the phishing web that makes our wallets insecure
so the point is that the HW and SW wallets are equally good in terms of storage quality
I'm not really sure but based on what I've read (reviews) and also what I've heard people say is that HW are much more secured than their software counterpart. That said, I've personally felt that HW are better anyway in terms of security but I don't know since I haven't tried one myself. But my experience with SW wallet like trust wallet haven't been that good considering I was hacked before and I haven't in anyway participated in phishing activities or careless with my priv keys. Haven't heard a similar experience like that with HW.
Based up also on my own experience i havent really getting hacked nor being scammed or something like that on just using non custodial ones. All you do need to have is
common sense and awareness on how security should really be concern most of the time so that you would really able to save up your ass.
I think HW and SW wallets are the same if they get extra treatment in storing the keys, as well as the relationship between wallets
sometimes without realizing we enter the phishing web that makes our wallets insecure
so the point is that the HW and SW wallets are equally good in terms of storage quality
sometimes without realizing we enter the phishing web that makes our wallets insecure
so the point is that the HW and SW wallets are equally good in terms of storage quality
I'm not really sure but based on what I've read (reviews) and also what I've heard people say is that HW are much more secured than their software counterpart. That said, I've personally felt that HW are better anyway in terms of security but I don't know since I haven't tried one myself. But my experience with SW wallet like trust wallet haven't been that good considering I was hacked before and I haven't in anyway participated in phishing activities or careless with my priv keys. Haven't heard a similar experience like that with HW.
I think HW and SW wallets are the same if they get extra treatment in storing the keys, as well as the relationship between wallets
sometimes without realizing we enter the phishing web that makes our wallets insecure
so the point is that the HW and SW wallets are equally good in terms of storage quality
sometimes without realizing we enter the phishing web that makes our wallets insecure
so the point is that the HW and SW wallets are equally good in terms of storage quality
yes you are right, if the hardware wallet broken, you will lose all of your bitcoin, so there are many people that use hardware wallet for investing in a very very long time, so they dont use it everyday, and every time,
if you want to use it everytime i think the software wallet is a better choice than hardware wallet
if you want to use it everytime i think the software wallet is a better choice than hardware wallet
Not true you are not losing anything
At present the hardware wallet is the safest, I currently use Safepal Hardware wallet, I just authenticate and sign transaction offline by scanning my phone and my harware device using QR code. I keep the fund I don't need online there and store my stable coins there too.
Safepal hardware wallet is proven safe and I also use it nowadays for my personal wallet. Transactions are completely safe and require a QR barcode scan to approve the transaction and enter the special code that has been created.Safepal hardware wallets are even sold at quite affordable prices and anyone can have one.
At present the hardware wallet is the safest, I currently use Safepal Hardware wallet, I just authenticate and sign transaction offline by scanning my phone and my harware device using QR code. I keep the fund I don't need online there and store my stable coins there too.
yes you are right, if the hardware wallet broken, you will lose all of your bitcoin, so there are many people that use hardware wallet for investing in a very very long time, so they dont use it everyday, and every time,
if you want to use it everytime i think the software wallet is a better choice than hardware wallet
if you want to use it everytime i think the software wallet is a better choice than hardware wallet
The hardware wallet provides better safety compared to normal wallets. The seed for hardware wallets is provided by some manufacturing companies. It means that the record copy is present somewhere. If your hardware wallet is damaged for some reason then you can use an alternative wallet using these seeds. But it is also the fact that some hardware wallets are based on securing chips which creates many differences & better scurities to them.
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