Would you buy a hardware wallet? - page 14.

jossiel

hero member

Activity: 2842

Merit: 625

DGbet.fun - Crypto Sportsbook

Quote from: Altynbekova on May 26, 2016, 09:39:01 PM

Hardware wallets are okay but I also prefer online wallets above hardware wallets because they are simply much easier.

Yeah I find it also good, but of course we used to use the online wallets since we don't have to bring it and it is secured with the bitcoin
wallet provider, and the disadvantage of it , is you will need to spend for it to buy it. Simply not moving your btc in your btc wallet is way
better than storing it to hardware wallet with the same purpose.

Altynbekova

sr. member

Activity: 476

Merit: 250

Hardware wallets are okay but I also prefer online wallets above hardware wallets because they are simply much easier.

bitcoin730

full member

Activity: 120

Merit: 100

Nope, I prefer online wallet because I can access it at any time

bitlancr

hero member

Activity: 616

Merit: 500

Quote from: Bitcoinbro on May 25, 2016, 01:16:59 PM

I would maybe consider to buy a hardware wallet but the fact is that I love a paper wallet more and its also cheaper right ?

Its cheaper indeed but a hardware wallet is also offline and pretty nice to have, these days they are also way more cheaper than before on all kind of websites.

Bitcoinbro

sr. member

Activity: 420

Merit: 250

I would maybe consider to buy a hardware wallet but the fact is that I love a paper wallet more and its also cheaper right ?

CoinBettor

member

Activity: 94

Merit: 10

yes i'll buy it. i hope it more securable than software, but how if its broken? Cry

mrhelpful

legendary

Activity: 1456

Merit: 1002

Quote from: Bitcoinbee on May 24, 2016, 06:11:50 AM

Quote from: Altynbekova on May 24, 2016, 03:58:17 AM

Quote from: Ardenyham on May 18, 2016, 11:32:40 AM

I would not buy any hardware wallet. because I think I am satisfied with online wallet.. may be I'll buy an hardware wallet in future but right now I am Ok with my current wallet because I don't have much money..

I think you can better buy one for sure due to the fact online wallets can be hacked due to the fact its online.
With a hardware wallet its offline and very safe compared with online wallets.

Hope someone can come up with a thumb drive size and of course not plug & play.

This is already done, if you look what I wrote.

I mention in my sentence of ledgerwallets hardware which is the cheapest one out there in a usb form - using the smart chip.

jossiel

hero member

Activity: 2842

Merit: 625

DGbet.fun - Crypto Sportsbook

Quote from: DuckKeeper on May 24, 2016, 03:25:15 AM

no i never want to buy a hardware wallet because the hardware wallets are to easy to scam. There are to many of them on the internet and they are not even secured enough to keep your coins save so dont use them at all store your own coins.

I don't plan also to buy a hardware wallet, but I'm not thinking that it is easy to be scammed but I'm thinking on losing it.
If I lost it accidentally , the btc that I have there will also be lost forever.

Bitcoinbee

member

Activity: 84

Merit: 10

www.lunarbets.eu Bitcoin*Sports*Betting

Quote from: Altynbekova on May 24, 2016, 03:58:17 AM

Quote from: Ardenyham on May 18, 2016, 11:32:40 AM

I would not buy any hardware wallet. because I think I am satisfied with online wallet.. may be I'll buy an hardware wallet in future but right now I am Ok with my current wallet because I don't have much money..

I think you can better buy one for sure due to the fact online wallets can be hacked due to the fact its online.
With a hardware wallet its offline and very safe compared with online wallets.

Hope someone can come up with a thumb drive size and of course not plug & play.

Altynbekova

sr. member

Activity: 476

Merit: 250

Quote from: Ardenyham on May 18, 2016, 11:32:40 AM

I would not buy any hardware wallet. because I think I am satisfied with online wallet.. may be I'll buy an hardware wallet in future but right now I am Ok with my current wallet because I don't have much money..

I think you can better buy one for sure due to the fact online wallets can be hacked due to the fact its online.
With a hardware wallet its offline and very safe compared with online wallets.

DuckKeeper

sr. member

Activity: 364

Merit: 250

no i never want to buy a hardware wallet because the hardware wallets are to easy to scam. There are to many of them on the internet and they are not even secured enough to keep your coins save so dont use them at all store your own coins.

mrhelpful

legendary

Activity: 1456

Merit: 1002

Quote from: romero121 on May 23, 2016, 02:44:17 PM

Online wallets had given me increased security and I don't have long time holding plan, so I don't go for a hardware wallet. One who has the plan to just hold for users could use those wallet.

If its on a website based, which most are .. youre hoping the website provider stays online at all times.

Lets say there was a attack on the server side not displaying the website itself and you needed to access the coins? okay, lets say you do bare with it, but noticed they released what happened and they say there was a backdoor made from a rogue employee to had access to their wallet.

The scenario I just talked about has happened on several exchanges.

mrhelpful

legendary

Activity: 1456

Merit: 1002

Heres the thing with hardware wallet.

You gotta ask if the same security is used in other providers that offer the same.

I was thinking about this yesterday after reading several bookmarked threads - outside from the debate from being total "offline" and eventually it would have to be sent to a hotwallet unless you just plan to let it sit there forever.

So after answering that question, you got several options after knowing ledgers hardware wallet cost small entry for like $44 or something off amazon or a bit more from their actual website.

But heres what I learned after knowing the co-author person who wrote the bi39 with trezors hardware wallet. Is the same person who made breadwallet which uses the same level of security provided on the trevors hardware wallet.

Conclusion: I save myself and downloaded breadwallet basically. Outside from the physical theft all that, theres too much variables the person has to go through - which is where also the bi39 or 38 comes into play with the encryption since its on the "network" not on the phone itself.

Also this depends on your lifestyle, but the odds of someone point a gun to my head saying enter the keyphrase is very slim. Which I can only imagine that would be the only way to brute force the actual security.

minhkhoa

full member

Activity: 325

Merit: 100

Quote from: Ardenyham on May 18, 2016, 11:32:40 AM

I would not buy any hardware wallet. because I think I am satisfied with online wallet.. may be I'll buy an hardware wallet in future but right now I am Ok with my current wallet because I don't have much money..

My pi worked perfectly for me. Offline with a watch-only set up on my desktop. But to be honest though lads - just writing down the seed or keys is enough to keep your coins safe. Keep spare change on your computer and its all good.

Slark

legendary

Activity: 1862

Merit: 1004

I find hardware wallets good only if you have really huge amount of bitcoins and want to keep them safe.
And even then I don't think properly secured software wallet (I would recommend Armory here) is worse in terms of security than Trezor.
You want to remember that Armory is free, hardware wallets are not.

romero121

legendary

Activity: 3234

Merit: 1214

casinosblockchain.io

Online wallets had given me increased security and I don't have long time holding plan, so I don't go for a hardware wallet. One who has the plan to just hold for users could use those wallet.

Chrismeister

sr. member

Activity: 465

Merit: 250

I have one bitcoin hardware wallet but i dont tried to use it because i heard allot of storys that everyone can get in and other shit. So i am scared to use it would it be secured enough to use it or will others take my coins.

sishendaoye

sr. member

Activity: 434

Merit: 250

Quote from: bitcoineverything on May 21, 2016, 03:12:33 AM

For me, the most important thing is security more than anything else. If your hardware offers excellent security service, I think people will come and buy your product. Additional features are just icing on the cake. Good luck!

Indeed security is very important no doubt about that, I think a hardware wallet is pretty safe for it because the fact is that its offline.
I really would consider this for sure.

bitcoineverything

sr. member

Activity: 504

Merit: 250

InvestnTrade. Latest from the crypto space.

For me, the most important thing is security more than anything else. If your hardware offers excellent security service, I think people will come and buy your product. Additional features are just icing on the cake. Good luck!

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: btctraderr on August 03, 2014, 04:14:28 AM

Hi all,

I am doing some research for a Bitcoin company that is interested with developing a hardware wallet to see if it has a viable market. Trezor has some traction, but perhaps only in the existing Bitcoin community. With things like Multi-sig popping up everywhere, do you think this negates some of the pressing need for Hardware wallets? Interested to hear your thoughts.

Now hardware wallet is safer than online because almost of stealer of bitcoin money now is in the online world so it is safer now if i have hardware wallet because now in my place few people only knew about bitcoin and even stealer dont know that it is money so it would be safer than online wallet.

Topic: Would you buy a hardware wallet? - page 14. (Read 24769 times)