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.
Hardware wallet is best if you want to store your coins safely but unless someone has more than 5-10 bitcoins,buying a hardware wallet is not feasibleI 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.
Both online and hardware wallet have potential risk of losing your bitcoin into it. Just put up to your mind the most important things to consider to be kept on a safe place like passwords,keys so that incase your account would be lost you can retrieve it.
you have a point but remember hardware wallet have also risk on losing your bitcoins it might be lost or corrupted and theres nothing you can do about it. Agree you have your control on your bitcoin when its in a hardware wallet just make it sure that it is kept in a secure place.
That could be happen if you are lame enough upon handling your hardwares but if you really placed it on secured area well you can make sure your btc is safe but those hard wallets are for people who holds lots of thousand,millions of btc or company that needed to be secured their btc since it was an ideal place for them where they can kept securely their btc and i think blockchain wallet is enough for people who do regular daily transaction.
Hardware wallet would be very useful for those who hold large amounts of bitcoins as you also said, they can keep them in a secure place without any harm to those coins. For me having a huge amount in online wallet would be risky i guess rahter than putting up in on a hardware wallet.
You can lose your hardware wallet if you are careless and didnt even aware of the risk of losing it. If your a wise person and you put importance in your money for sure you would put it in a safe place that no one knows and with that you can sleep comfortably without worrying anything about your bitcoins.
