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Poll

Are you using Hardware Wallets?

Yes, I use Hardware Wallet
7 (70%)
No, I don't use any Hardware Wallet
3 (30%)

Total Members Voted: 10

Author Topic: Are you using Hardware Wallets?  (Read 4553 times)

Online Aanuoluwatofunmi

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Re: Are you using Hardware Wallets?
« Reply #45 on: April 23, 2024, 09:22:53 PM »
I wish to also have an experience in the use of one of the hardware wallet, though there might be challenges of the best store to secure one, since most of them are centralized, and this also may have much to do with kyc before getting it, some will not even mind securing the international fees as the cost for the shipment of one, this could all be fascinating as well as challenging to some of us from getting one to use.

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Re: Are you using Hardware Wallets?
« Reply #45 on: April 23, 2024, 09:22:53 PM »

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Re: Are you using Hardware Wallets?
« Reply #46 on: April 23, 2024, 09:48:46 PM »
Thanks for sharing the list, are there any other useful articles + detailed instructions?
Dude if you don't actually read the content of the posts and open the links I provided with instructions than I will have to start ignoring your posts in this forum!
Sorry to say this but I don't like when someone is writing worthless posts just because they need to fill signature quote.  :P
Have a nice day.

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Re: Are you using Hardware Wallets?
« Reply #47 on: April 26, 2024, 10:58:04 AM »
Hardware wallets are much safer option for holding your cryptocurrencies, and there are many options to choose but they are not perfect.

If you are using hardware wallet please tell us the model you have.

If you don't use any hardware wallet can you please state your reasons why.


It's true what you say; the best is the one with a hardware wallet, of course. But if you are a careful crypto user, even if you don't have hardware wallets, there are still software wallets that we can say are safe as long as we know how to be careful with their passwords and seeds.

Since I don't even have hardware wallets at the moment, the only one I've been using for a few years now is the Electrum wallet, and I recently added a blue wallet. And if the other cryptocurrencies are Metamask and Trustwallet, and the others are Solflaire and PhantasmWallet,  my coins are under the SOL network.
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Re: Are you using Hardware Wallets?
« Reply #48 on: April 30, 2024, 06:47:04 PM »
Hardware wallets are much safer option for holding your cryptocurrencies, and there are many options to choose but they are not perfect.

If you are using hardware wallet please tell us the model you have.

If you don't use any hardware wallet can you please state your reasons why.


It's true what you say; the best is the one with a hardware wallet, of course. But if you are a careful crypto user, even if you don't have hardware wallets, there are still software wallets that we can say are safe as long as we know how to be careful with their passwords and seeds.

Since I don't even have hardware wallets at the moment, the only one I've been using for a few years now is the Electrum wallet, and I recently added a blue wallet. And if the other cryptocurrencies are Metamask and Trustwallet, and the others are Solflaire and PhantasmWallet,  my coins are under the SOL network.

Under the non custodial means of storage, we can decided to go for cold storages and they appears in categories, part of which is hardware wallet and that is if we are being capable of securing one from a reliable source, then we can choose other reliable means to store our crypto asset aside the use of hardware wallet, we cannot conclude on that its everyone that actually like any wallet under hardware category, we can go for other cold storages as we may want.

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Re: Are you using Hardware Wallets?
« Reply #49 on: May 01, 2024, 06:30:23 PM »
Under the non custodial means of storage, we can decided to go for cold storages and they appears in categories, part of which is hardware wallet and that is if we are being capable of securing one from a reliable source, then we can choose other reliable means to store our crypto asset aside the use of hardware wallet, we cannot conclude on that its everyone that actually like any wallet under hardware category, we can go for other cold storages as we may want.
Not all hardware wallets can be considered as cold wallet, the only ones that can be considered as cold storage without much investigation are the airgapped hardware wallets. A Ledger wallet that you can share your seed phrase to third parties online, can that be considered as cold wallet? No. But you can consider hardware wallet like Passport as a cold wallet.
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Re: Are you using Hardware Wallets?
« Reply #50 on: May 01, 2024, 07:48:23 PM »
Therefore, it is necessary to double-check the address on the hardware wallet when making a transaction.

As you mentioned, cases like malware that hacks devices (computers or smartphones), such as Clipboard attacks, may still occur.*
Nor have I ever encountered a case where a hardware wallet was affected by connecting to compromised devices.

*
Risk number three: malware

A virus-infected computer or smartphone is a common cause for loss of cryptocurrency investments. If the victim uses an online (hot) wallet, the criminals can steal the private key and perform, all by themselves, any transactions they need to empty the wallet. The trick won’t work with a hardware wallet, but other attack vectors can be employed in this case. For example, the moment the victim makes a legitimate transfer, malware can substitute the destination wallet’s address to redirect the money to the criminals. To pull it off, malware monitors the clipboard and, as soon as a crypto wallet address is copied there, replaces it with the scammers’ wallet address.

It may be the most effective way to steal someone's coins. I was infected twice with this kind of malware. I still remember that the phishing address had $29k worth of transactions. Imagine if one address had this much money, how much do all those phishing addresses have? and this malware is so persistent that it won't go away in normal ways. Even after using antivirus software or fixing other stuff, it stays. The only way I found was to format everything and make a fresh reinstall of OS. 

Can compromised devices really change the destination wallet address of a hardware wallet? I'm not sure of that. I have only encountered this on normal transactions. Luckily, I was attentive, so no coins were lost. 
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Online Aanuoluwatofunmi

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Re: Are you using Hardware Wallets?
« Reply #51 on: Today at 05:20:55 PM »
Under the non custodial means of storage, we can decided to go for cold storages and they appears in categories, part of which is hardware wallet and that is if we are being capable of securing one from a reliable source, then we can choose other reliable means to store our crypto asset aside the use of hardware wallet, we cannot conclude on that its everyone that actually like any wallet under hardware category, we can go for other cold storages as we may want.
Not all hardware wallets can be considered as cold wallet, the only ones that can be considered as cold storage without much investigation are the airgapped hardware wallets. A Ledger wallet that you can share your seed phrase to third parties online, can that be considered as cold wallet? No. But you can consider hardware wallet like Passport as a cold wallet.

Thanks for the clarifications Charles-Tim, i understand well your point, we cannot conclude by saying all cold wallets are safe for us, some of them are not just having a desired protocols that back their usage for the security and privacy needed as a user, we therefore have to make sure to always look into details on every available wallets and check for their cons and pros before using, a good example is that with the ledger wallet as you have said,  which is entirely something off the required expectations to include such as a cold storage despite being a non custodial.

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Re: Are you using Hardware Wallets?
« Reply #51 on: Today at 05:20:55 PM »


 

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