Can be understood simply as the hot wallet is the form in which you or an investor uses a wallet address that you can use to spend money on any selling rain activity, any transaction, at all times. and you must always connect your wallet to the internet so that you can maintain a Bitcoin network connection or other electronic money networks.
Trezor: This is the opposite of the hot wallet, which means you use a cold wallet when you do not plan to use the electronic money to spend regularly, but you can still get money. send from other people from any time of the day even when you are not connected to the internet. Once the protection is not connected to the internet, hackers can not steal money from your wallet.
Topic: Where should I keep my bitcoins? (Read 758 times)
At present, the safest wallet is the "cold wallet". This is an indisputable fact because it is an independent wallet (no need to link to the Internet at all times)!
Are they safe because when you make a transaction, they ask you to confirm each one by pressing a button on the device and are pretty much hacker-proof?
At present, the safest wallet is the "cold wallet". This is an indisputable fact because it is an independent wallet (no need to link to the Internet at all times)!
I recommend using cold wallets when you keep large amounts of coins, they are very safe very suitable to hold long term
Yes these might be very safe but making transactions there is a bit more difficult.
As well as TREZOR, Ledger is the purse for cold storage intended for the users needing additional safety. The purse represents the physical device which is connected to your computer and works as an additional source of protection. It means that you can't send Bitcoins from the purse without existence of the physical device.
I've read this thread with great interest. Heaps of information and I came across a great article too. Which I've saved for later. Meanwhile, I've been exploring the net and I found this post which might be interesting for some readers. Probably the information is much the same as what we've already read here. But each article you read on a subject tends to give you a different take on it. Which adds to our overall knowledge of the subject.
I recommend using cold wallets when you keep large amounts of coins, they are very safe very suitable to hold long term
Bitcoin transaction needs internet, the cold wallets and hardware wallets are just safer to use compared to the online wallets. For security sake, it is better to keep your hard earned bitcoin in the hardware wallets.
It's like the difference between a display case and a refrigerator. The "hot wallet" is similar to a display case. It can be seen by all people, and hackers can track it, while the "cold wallet" is sealed, only you can directly observe and turn on!
What wallet do you store your bitcoin with? Try storing your bitcoin with hardware. I use hardware to store the bitcoin that I have and I don't have the problem that you have. So try the way I do.
I use software ones. Surely we'll try it your way!
What wallet do you store your bitcoin with? Try storing your bitcoin with hardware. I use hardware to store the bitcoin that I have and I don't have the problem that you have. So try the way I do.
I think you can save in the altcoin, so you will also get more profits by waiting for higher prices, because for us it's also very safe that you store in the altcoin.
Don't they have any risks of theft or viruses? Bitcoin can be kept and accessed online using reliable wallets such as blockchain btc wallet. As inexperienced users of bitcoin wallet it is always advisable to use wallets that are simple to use such as blockchain bitcoin wallet.
This is a very helpful suggestion. And we surely need simple wallets that are easily manageable.
I recommend a paper wallet that you make yourself without a network connection, it is the best place to have your BTC. You could keep your paper wallet in a safe place in your house and you will not have a problem or if you want I could take care of it (is a joke) 
- Hardware wallets : An excellent way to store coins, private keys are always stored inside the device, for me best option.
- Paper wallets : Good choice for long term storage, need to be created in safe environment/paper need to be stored in safe place (fire, water, etc..)
This is where I am coming from. I've heard several people say that paper wallets are the safest or most secure option. I suppose they are the least hackable since they are not electronic - but don't they run a higher risk of accidental destruction (whether by fire or water damage)? I use a Trezor and have my recovery seed stored in a padlocked steel wallet, covered in vacuum sealed plastic.
But I would still prefer coinbase as it is one of the most reliable wallets to store BTC.
- Hardware wallets : An excellent way to store coins, private keys are always stored inside the device, for me best option.
- Paper wallets : Good choice for long term storage, need to be created in safe environment/paper need to be stored in safe place (fire, water, etc..)
This is where I am coming from. I've heard several people say that paper wallets are the safest or most secure option. I suppose they are the least hackable since they are not electronic - but don't they run a higher risk of accidental destruction (whether by fire or water damage)? I use a Trezor and have my recovery seed stored in a padlocked steel wallet, covered in vacuum sealed plastic.
But I would still prefer coinbase as it is one of the most reliable wallets to store BTC.
- Hardware wallets : An excellent way to store coins, private keys are always stored inside the device, for me best option.
- Paper wallets : Good choice for long term storage, need to be created in safe environment/paper need to be stored in safe place (fire, water, etc..)
This is where I am coming from. I've heard several people say that paper wallets are the safest or most secure option. I suppose they are the least hackable since they are not electronic - but don't they run a higher risk of accidental destruction (whether by fire or water damage)? I use a Trezor and have my recovery seed stored in a padlocked steel wallet, covered in vacuum sealed plastic.
Cold wallet is more safer but less mobile.
Hot wallet is more mobile but less safer.
This is the main difference from hot and cold wallets.
Make a choice that is more important to you...
So surely it would be better to go for the less mobile but more safer in any case. We want our bitcoins to be in a safer place even if it is not much mobile. Hot wallet is more mobile but less safer.
This is the main difference from hot and cold wallets.
Make a choice that is more important to you...
Cold wallet is more safer but less mobile.
Hot wallet is more mobile but less safer.
This is the main difference from hot and cold wallets.
Make a choice that is more important to you...
Hot wallet is more mobile but less safer.
This is the main difference from hot and cold wallets.
Make a choice that is more important to you...
The best way to keep is Cold wallet
Yes we possibly can. But I guess we need more stable and secure kinds of wallets. Jump to: