Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Loah Morgan on April 10, 2019, 01:12:37 PM
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Bitcoin is the most expensive cryptocurrency, with the largest market capitalization, hence ranked one in terms of that.
Hardware wallets are the most secure wallet types, as it comes with different levels of security.
Now, can anyone tell the best bitcoin hardware wallets to store the bitcoins safely?
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I have never used Hardare Wallet and I also haven't seen the hardware wallet.
But many say and suggest in this forum to use hardware wallet in the form of TREZOR and Nano Ledger.
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You can search on Google for hardware wallet searches.
But I can't recommend it because as far as I know the HardWare wallet is quite expensive.
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Bitcoin hardware wallet is offline wallet which is good. It saves your money more safer.
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There are many kind of bitcoin hardware wallet and i think all is safe, like ledger nano S, trezor and more. https://bitcoin.org/en/wallets/hardware/ you can chech that link. And web wallet and desktop is enough for me
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it's true that hardware wallets are the safest place to store bitcoin, and I really believe that, but I've never used it.
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You'll most likely end up with Ledger or Trezor as the choice. Though there are different alternatives such as KeepKey, ColdWallet, and so on. Most of them work under the same principle so finding the "best" one is quite difficult if you don't have other deciding factors such as price, trustability, source code preferences, flexibility and so on.
You can also use your old computer as a hardware wallet, make it an air-gapped device and then use 2-of-3 multi-sig wallet for your hot wallet. Remember, backing up your keys is also as important as choosing the wallet for your needs. There's no use to buy Ledger Nano if you can't back up your seed properly.
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Bitcoin is the most expensive cryptocurrency, with the largest market capitalization, hence ranked one in terms of that.
Hardware wallets are the most secure wallet types, as it comes with different levels of security.
Now, can anyone tell the best bitcoin hardware wallets to store the bitcoins safely?
The facts confirm that equipment wallets are the most secure spot to store bitcoin, and I truly trust that, yet I've never utilized it.
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I myself also use a hardware wallet to store my assets or altcoins, for me it is also good and safe to use. And I added that the mytewall wallet wallet is also great for storing tokens from prizes
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Bitcoin is the most expensive cryptocurrency, with the largest market capitalization, hence ranked one in terms of that.
Hardware wallets are the most secure wallet types, as it comes with different levels of security.
Now, can anyone tell the best bitcoin hardware wallets to store the bitcoins safely?
Ledger hardware wallet is the best hardware wallet out there as confirmed by many security experts.
But there was some marketing stunt by Trezor - the 2nd best hardware wallet, claiming to be the best.
But just recently Ledger team helped Trezor in fixing some vulnerability on Trezor wallet.
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I prefer ledger Nano s and Trezor.These are hardware wallets and you buy it now.so you can save bitcoin and much altcoins.
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When it comes to securing your valuable bitcoins, choosing the right hardware wallet is crucial. Among the top-tier options, OneKey stands out as my preferred choice. Having used it extensively, here's why it deserves the spotlight:
Open Source Advantage: OneKey is built on open-source technology, ensuring transparency and community scrutiny. This adds an extra layer of trust and security.
Cutting-Edge Security Features: With advanced security features like secure elements and encryption, OneKey prioritizes the protection of your private keys, safeguarding your assets against potential threats.
Multi-Currency Support: OneKey doesn't limit you to Bitcoin. It supports a wide array of cryptocurrencies, providing a comprehensive solution for managing various assets in one secure wallet.
User-Friendly Interface: Navigating through OneKey's interface is intuitive and user-friendly, making it accessible for both beginners and seasoned crypto enthusiasts.
Community Backed: Being part of a vibrant community adds to OneKey's strength. Updates, improvements, and feedback from a diverse user base contribute to its continuous enhancement.
Remember, the security of your bitcoins is paramount, and with OneKey, you're not just getting a hardware wallet; you're getting a reliable, community-backed fortress for your digital assets.
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However, hardware wallets are the only suitable and secure wallets for long-term Bitcoin holdings. But the price depends on the hardware wallet band. But not depending on the use of hardware wallet rather the security of hardware wallet is very important and this security is given the highest priority.
KeepKey, SafePal, Trezor, Ledger nano, etc the best favourite hardware wallet.
Apart from hardware wallets, there are several software wallets that are also very secure. As such Electrum wallet has not experienced any hacking so far. So it can be used as a mobile device.
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KeepKey, SafePal, Trezor, Ledger nano, etc the best favourite hardware wallet.
Apart from hardware wallets, there are several software wallets that are also very secure. As such Electrum wallet has not experienced any hacking so far. So it can be used as a mobile device.
You woke up this thread after a long time, if you are already giving advice here, maybe it is better to use current information. For example, the Ledger wallet cannot be recommended as a good solution for choosing a hardware wallet.
Just in the last few months, there have been many flaws with Ledger, including the recent hack, which makes it unreliable and risky.
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I think, For keeping your bitcoins safe, good hardware wallets are Ledger Nano S, Ledger Nano X, Trezor Model T, and KeepKey. They're like special USB drives that keep your bitcoins super secure. Pick one that feels right for you to make sure your bitcoins are safe and sound!
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I think, For keeping your bitcoins safe, good hardware wallets are Ledger Nano S, Ledger Nano X, Trezor Model T, and KeepKey. They're like special USB drives that keep your bitcoins super secure. Pick one that feels right for you to make sure your bitcoins are safe and sound!
Ledger Nano models are always being advised as the best hardware wallets, however, we all heard about the previous massive ledger hack and the fake app of the Ledger Nano models that were added to the Microsoft store. Ledger Nano is being targeted now as the hackers know that there are a lot of users of this hardware wallet. So, before using Ledger Nano, make sure to follow all the needed steps to fully secure the hardware wallet.
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Ledger is a good hardware wallet. But if you are looking for another open source hardware wallet and want to switch there then you can choose Trezor as we know it as a good hardware wallet. Charles-Tim has already linked a list here that lists several open source wallets. You can choose your preferred wallet from there but as per my personal advice I think it would be better to use Trezor. I have nothing more to say than that.
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I have nothing in mind but a Ledger wallet. If you are looking for a safe and tested hardware wallet you can also try it and see for yourself that this is indeed the best hardware wallet. Just make sure to buy at the official website of Ledger to avoid receiving a compromised wallet.
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In the years Trezor and Ledger Nano have passed the recommendable hardware wallets for the crypto community. To this day, it has recently been an issue here but the confidence of most communities seems to have not been affected by this either.
But if others look at the hardware wallet, there is also a proper use in addition to those who are actually Secux W20 (https://secuxtech.com/), elliptic labs titanium (https://www.ellipal.com/products/ellipal-titan), ledger nano s plus (http://https: //shop.ledger.com/products/ledger-ano-splus) And there is more to the hardware wallet and this is the Ngrave. (http://https: //ngrave.io/? Sca_ref = 2179234.ch0g3xsbuc)
(https://i.ibb.co/BcT65sG/NGRAVE-hardware-wallet.png) (https://ibb.co/CmV9306)
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Bitcoin is the most expensive cryptocurrency, with the largest market capitalization, hence ranked one in terms of that.
Hardware wallets are the most secure wallet types, as it comes with different levels of security.
Now, can anyone tell the best bitcoin hardware wallets to store the bitcoins safely?
Yes, hardware wallets are the most secure way to store Bitcoin when it comes to security. I think Wallets made of excellent hardware that are renowned for their security features include Trezor Model T, Coldcard and Ledger Nano X. In my opinion its my strongly advised to store bitcoins securely using one of these wallets which provide different security levels.
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I have never used Hardare Wallet and I also haven't seen the hardware wallet.
But many say and suggest in this forum to use hardware wallet in the form of TREZOR and Nano Ledger.
I agree with you mate nano ledger and Trezor are good wallet. Many investors suggest both to keep our assets.
But I personally prefer used trust wallet and exchange wallet because I don't hold for long term investment.
I just trader..When market trend show good performance, I will do trade.
But It always depends on what you need in crypto, as trader or holder...
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I have never used Hardare Wallet and I also haven't seen the hardware wallet.
But many say and suggest in this forum to use hardware wallet in the form of TREZOR and Nano Ledger.
I agree with you mate nano ledger and Trezor are good wallet. Many investors suggest both to keep our assets.
But I personally prefer used trust wallet and exchange wallet because I don't hold for long term investment.
I just trader..When market trend show good performance, I will do trade.
But It always depends on what you need in crypto, as trader or holder...
I don't want to describe the worst of all because I also prefer software wallets to hardware wallets.
Hardware wallets seem to be quite expensive, whereas we just need to install the wallet software on the smartphone we have. Just like your choice mate.
There are definitely pluses and minuses between software and hardware wallets, but the main thing is that in my opinion, hardware wallets are not efficient and simple and are expensive to own.
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As for Bitcoin wallet hardware, I've never used it and I've never even heard of it, but now the wallets that people often use are personal wallets and exchange wallets... but storing our assets in an exchange wallet is easy to hack and if we use a personal wallet it might be difficult for people to hack it. .
My advice is that if you want to store your assets safely and avoid being hacked, you have to install strong security in your wallet, so that your wallet is safe from burglary.
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A Bitcoin hardware wallet is a physical device designed to securely store and manage offline. Usually software wallets or online wallets are very insecure. Where there is a risk of hacking or unauthorized access. Hardware wallet on the other hand is completely offline and user can use it by connecting to the device for his own needs. It protects Bitcoin from unauthorized access or hacking in that case. So I think bitcoin hardware wallet is much safer than software wallet.
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Hardware wallets are the most secure wallet types, as it comes with different levels of security.
Not really, because lately we can see lot of issues related to the security of funds especially the Ledger which stole people's seed phrase via Ledger live and the company lied and tried to cover up about all the things in multiple ways so staking my money with HW isn't the best option.
So what do we get other than HW, then we have a Paper wallet, Airgapped wallet, and Multi-signature wallet.
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I have nothing in mind but a Ledger wallet. If you are looking for a safe and tested hardware wallet you can also try it and see for yourself that this is indeed the best hardware wallet. Just make sure to buy at the official website of Ledger to avoid receiving a compromised wallet.
I don't know about You, but I have personally lost complete confidence in Leadger hardware wallet. Recent hack of their library + recovery cid phrase. In addition, it has an internet connection, which is not about security at all. Rather, You can lose all your savings than save.
If you buy a wallet, then only one that has not been hacked + which has a great reputation and has been on the market for a long time. Minimum criteria that are credible. 8)
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Hardware wallets are the most secure wallet types, as it comes with different levels of security.
Hardware wallets are secure but the aren't the most secure wallet types as far as I know. I would say that a software wallet on an air-gaped system is way more secure than any hardware wallet. But, the user who may install the software wallets should be careful because if someone install a software wallet on a insecure system won't have any benefits.
That's why I always recommend users to go with a Linux based distribution especially when they are thinking about an air-gaped system. In a Linux distribution when someone installs a software wallet like Electrum and creates his/her wallet, and also saves the seed phrase and private keys on a secure SSD and writes them on a paper is going to have a much secure system as compare to the ones having hardware wallets.
As long as your wallet is on an air-gaped system and you don't share any of your wallet details with others then you don't have to worry about anything at all. Such type of software wallet is much secure than a hardware wallet.
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I have nothing in mind but a Ledger wallet. If you are looking for a safe and tested hardware wallet you can also try it and see for yourself that this is indeed the best hardware wallet. Just make sure to buy at the official website of Ledger to avoid receiving a compromised wallet.
Like seriously? I can't adviev anyone to invest on Ledger wallet, they are not as good as Trezor, and how many times have you heard bad things about Trezor? Because I have not, unlike Ledger, they are not really doing a good job on security of their users.
For me I will go with Trezor, Keystone, Ellipal.
Whichever hardware wallet you decide to go with, make sure it's offline, open source, and also air gapped, they are much more reliable and safer, because they work like cold storage.
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I have nothing in mind but a Ledger wallet. If you are looking for a safe and tested hardware wallet you can also try it and see for yourself that this is indeed the best hardware wallet. Just make sure to buy at the official website of Ledger to avoid receiving a compromised wallet.
Like seriously? I can't adviev anyone to invest on Ledger wallet, they are not as good as Trezor, and how many times have you heard bad things about Trezor? Because I have not, unlike Ledger, they are not really doing a good job on security of their users.
For me I will go with Trezor, Keystone, Ellipal.
I agree, trezor is my first option right now as well.
Ledger has some problems now.
Recent bad news:
Ledger connect kit compromised
(https://i.postimg.cc/GhbfPGqC/Screenshot-20231214-141903-X.jpg)
Ledger backdoor , for sending your seed online
https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbyyfp/
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I think, For keeping your bitcoins safe, good hardware wallets are Ledger Nano S, Ledger Nano X, Trezor Model T, and KeepKey. They're like special USB drives that keep your bitcoins super secure. Pick one that feels right for you to make sure your bitcoins are safe and sound!
FYI, Ledger Nano S has been discontinued.
Do you have one of the hardware wallets you recommend above and have experience using one of them?
As for Bitcoin wallet hardware, I've never used it and I've never even heard of it, -snip-
You can see a comparison of several hardware wallets, including at the following link:
https://thebitcoinhole.com/hardware-wallets (https://thebitcoinhole.com/hardware-wallets).
DWYOR-DYOR
Whichever hardware wallet you decide to go with, make sure it's offline, open source, and also air gapped, they are much more reliable and safer, because they work like cold storage.
Open source wallet does not always guarantee security*, but it can be better than closed source wallet.
*An example of a case that occurred with the Libbitcoin Explorer (bx) cryptocurrency wallet tool: https://milksad.info/ (https://milksad.info/).
-snip-
(https://i.ibb.co/R7Fghv2/Screen-Shot-2023-12-31-at-09-16-35.png)
It seems there is a slight error in including BBCode in your post. Maybe you should use the preview feature and read again even though it has already been posted because it is not uncommon for there to be differences in appearance between the preview and the post.
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I think, For keeping your bitcoins safe, good hardware wallets are Ledger Nano S, Ledger Nano X, Trezor Model T, and KeepKey. They're like special USB drives that keep your bitcoins super secure. Pick one that feels right for you to make sure your bitcoins are safe and sound!
Top five hardware wallets that are suitable for long term holdings, trading.
Trezor Model T : Overalls best for all devices, 8000+ cryptos supported
Ledger Nano X: Best for All devices, 5500+ cryptos supported
SafePal S: Best for trading, 5000+ cryptos supported
Ellipal Titan: Best for Mobile,
VC vault: Best for Long term holdings
See more details:click (https://cryptowallet.com/academy/best-hardware-wallet/#:~:text=Ellipal%20Titan%20%E2%80%93%20Best%20for%20Mobile,blockchains%20and%2010%2C000%2B%20crypto%20assets.)
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Just in the last few months, there have been many flaws with Ledger, including the recent hack, which makes it unreliable and risky.
Yeah, Ledger wallet is full of vulnerabilities and anyone who uses it to store their Bitcoin for long-term might lose their Bitcoin in the hands of hackers. Not only Ledger but I believe all of the hardware wallets are of no use as they don't get any proper firmware updates and even if they get those updates then still the user and his/her Bitcoin may be at risk after the updates when they go online.
The best bet for long-term holders is to use open-source software based wallets like Electrum as that's the safest option out there for almost every user who want to store their Bitcoin for long term. Although, one can go with any other open-source software wallets and the user has to spend less money for software-wallets then for hardware wallets. The software wallets can be installed on a low-end cheap system without any issues.
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Just in the last few months, there have been many flaws with Ledger, including the recent hack, which makes it unreliable and risky.
Yeah, Ledger wallet is full of vulnerabilities and anyone who uses it to store their Bitcoin for long-term might lose their Bitcoin in the hands of hackers. Not only Ledger but I believe all of the hardware wallets are of no use as they don't get any proper firmware updates and even if they get those updates then still the user and his/her Bitcoin may be at risk after the updates when they go online.
The best bet for long-term holders is to use open-source software based wallets like Electrum as that's the safest option out there for almost every user who want to store their Bitcoin for long term. Although, one can go with any other open-source software wallets and the user has to spend less money for software-wallets then for hardware wallets. The software wallets can be installed on a low-end cheap system without any issues.
Why did you forget about Trezor? , this is also an open source wallet, in fact a lot of people use
Ledger wallet and I don’t remember anyone talking en masse about how they get hacked; if there were cases, they were isolated; in a personal meeting with attackers, in any case, not one wallet will save you.)
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Bitcoin Hardware Wallet Designed to Securely Secure Currency Online Bitcoin Hardware Wallet provides a reliable convenient solution for users
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Security is one of the most necessary and important things for human life. Be it on any subject. And money is the most important thing for every person. Currently, in digital currency such as Bitcoin folding or holding any type of token, security of money is the most important. There are many hardware wallets for holding Bitcoins. In that case you can use keepkey, Ledger nano, Trezor etc as wallet. I think they are the safest.
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Just in the last few months, there have been many flaws with Ledger, including the recent hack, which makes it unreliable and risky.
Yeah, Ledger wallet is full of vulnerabilities and anyone who uses it to store their Bitcoin for long-term might lose their Bitcoin in the hands of hackers. Not only Ledger but I believe all of the hardware wallets are of no use as they don't get any proper firmware updates and even if they get those updates then still the user and his/her Bitcoin may be at risk after the updates when they go online.
The best bet for long-term holders is to use open-source software based wallets like Electrum as that's the safest option out there for almost every user who want to store their Bitcoin for long term. Although, one can go with any other open-source software wallets and the user has to spend less money for software-wallets then for hardware wallets. The software wallets can be installed on a low-end cheap system without any issues.
Why did you forget about Trezor? , this is also an open source wallet, in fact a lot of people use
Ledger wallet and I don’t remember anyone talking en masse about how they get hacked; if there were cases, they were isolated; in a personal meeting with attackers, in any case, not one wallet will save you.)
AFAIK, Trezor hardware wallets has vulnerabilities related to privacy so I won't trust either Ledger nor Trezor if I am looking to buy a hardware wallet.
I remember Passport is a good choice but its not a convenient option for day-to-day usage so picking a hardware wallet is not an easy task either.
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Security is one of the most necessary and important things for human life. Be it on any subject. And money is the most important thing for every person. Currently, in digital currency such as Bitcoin folding or holding any type of token, security of money is the most important. There are many hardware wallets for holding Bitcoins. In that case you can use keepkey, Ledger nano, Trezor etc as wallet. I think they are the safest.
In fact they are all secure to a greater or lesser extent, I am talking about all existing wallets, even metamask is also secure and hacking it is not easy, rather hardware wallets are more about convenience rather than maximum security.
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AFAIK, Trezor hardware wallets has vulnerabilities related to Trezor so I won't trust either Ledger nor Trezor if I am looking to buy a hardware wallet.
I remember Passport is a good choice but its not a convenient option for day-to-day usage so picking a hardware wallet is not an easy task either.
Trezor is one of the oldest wallets around. It is certainly safe, there is no need to worry about that.
Every software has vulnerabilities , but trezor ones are quite unlikely to happen, as they need physical access to the device
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AFAIK, Trezor hardware wallets has vulnerabilities related to privacy so I won't trust either Ledger nor Trezor if I am looking to buy a hardware wallet.
I remember Passport is a good choice but its not a convenient option for day-to-day usage so picking a hardware wallet is not an easy task either.
Maybe you mean the Coinjoin feature (using zkSNACKs Coordinator terms) that Trezor Suite adopted some time ago.
All wallets, including hardware wallets, have advantages and disadvantages. If you want to use it, choose the one with the least vulnerabilities (DWYOR-DYOR). If you are too paranoid, then you will never use a wallet.
I own a Ledger Nano X and a Trezor T, and for transaction purposes, I often connect both of them to Electrum. For over 3 years, I have never experienced a hack (and hopefully never will), even when I last updated the Nano X firmware, which provides a quite controversial feature, namely Ledger Recover.
Ignoring the feature when it is not needed or considered a vulnerability is enough.
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Trezor is one of the oldest wallets around. It is certainly safe, there is no need to worry about that.
Every software has vulnerabilities , but trezor ones are quite unlikely to happen, as they need physical access to the device
If we are talking about physical access to the wallet, then even having taken possession of your wallet intruder can not just take and open it, you still need a password and the fact that it can be somehow disassembled and with the help of a program to crack it is very unlikely.
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Maybe you mean the Coinjoin feature (using zkSNACKs Coordinator terms) that Trezor Suite adopted some time ago.
All wallets, including hardware wallets, have advantages and disadvantages. If you want to use it, choose the one with the least vulnerabilities (DWYOR-DYOR). If you are too paranoid, then you will never use a wallet.
I own a Ledger Nano X and a Trezor T, and for transaction purposes, I often connect both of them to Electrum. For over 3 years, I have never experienced a hack (and hopefully never will), even when I last updated the Nano X firmware, which provides a quite controversial feature, namely Ledger Recover.
Ignoring the feature when it is not needed or considered a vulnerability is enough.
Why did you update the firmware? It actually allows other campaigns to view your cid phrase. Specifically...9 campaigns will have bits of words from your full phrase. How can Leadger be considered safe and secure after that? None of the cold wallets out there today have Recovery except for Leadger. It's better to switch to other cold wallets like Trezor/SafePal. In using other wallets, I'm fine with everything + the fact that none of the campaign and its faces, knows my Seed-phrase words. Sorry, again where is the guarantee that without an update to Leadger Live = you won't have access to personal money?
Personally, the Leadger campaign has alienated me with their products. Analyze + make your own decisions. This is not a call to throw away your wallets. This is common sense reasoning and presentation of thoughts. ;)
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-snip-
Why did you update the firmware?
Ledger Firmware updates do not immediately activate the Ledger Recover feature.
The Ledger Recover feature is only available in Ledger Live, and I have no interest in using that feature.
Adam Back (Co-Founder/CEO http://blockstream.com (http://blockstream.com)) even said like this:
(https://i.ibb.co/0YDwNxd/Screen-Shot-2024-01-02-at-17-51-41.png)
https://x.com/adam3us/status/1659102750586687488?s=20 (https://x.com/adam3us/status/1659102750586687488?s=20)
I do not recommend certain brands of hardware wallets and prefer that users buy according to their capabilities based on their research and risk.
When a user already has a hardware wallet, and there is a feature quite risky to use in the future, the hardware wallet can still be used without that feature or combined with another wallet, such as Electrum. It would be too much if you just throw away the hardware wallet.
It's better to switch to other cold wallets like Trezor/SafePal.
I already have a Trezor T.
(https://i.ibb.co/HPCVMn9/60975015.png)
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Ledger Firmware updates do not immediately activate the Ledger Recover feature.
The Ledger Recover feature is only available in Ledger Live, and I have no interest in using that feature.
Adam Back (Co-Founder/CEO http://blockstream.com (http://blockstream.com)) even said like this:
(https://i.ibb.co/0YDwNxd/Screen-Shot-2024-01-02-at-17-51-41.png)
https://x.com/adam3us/status/1659102750586687488?s=20 (https://x.com/adam3us/status/1659102750586687488?s=20)
I do not recommend certain brands of hardware wallets and prefer that users buy according to their capabilities based on their research and risk.
When a user already has a hardware wallet, and there is a feature quite risky to use in the future, the hardware wallet can still be used without that feature or combined with another wallet, such as Electrum. It would be too much if you just throw away the hardware wallet.
It's better to switch to other cold wallets like Trezor/SafePal.
I already have a Trezor T.
(https://i.ibb.co/HPCVMn9/60975015.png)
Yes, I know that "for now" Recovery can be activated on a voluntary basis. Again, where is the guarantee that they will not go to extremes soon. Not updating firmware = no access to your funds.
Previously, favored cold wallets of course. Now, the opinion has changed dramatically. Hot wallets, fully cover my needs.
+ Why buy it and then connect to another wallet? Better to walk past Leadger altogether then. There are more than enough alternatives.
P.S. I do as I personally feel comfortable. Just expressing my subjective opinion on the subject. What to do/how to act is up to everyone. 8)
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Trezor is one of the oldest wallets around. It is certainly safe, there is no need to worry about that.
Trezor is the original and first hardware wallet, it's amazing to see that Trezor One is still working today and receiving updates.
We can't say that for any other brand of hardware wallets, most of them got discontinued and replaced new devices.
Ledger and Coldcard have a whole graveyard of defunct hardware wallet. :P
I would always suggest getting Open Source hardware wallet if possible, and there are plenty of options available today:
https://www.altcoinstalks.com/index.php?topic=314728 (https://www.altcoinstalks.com/index.php?topic=314728)
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Trezor is one of the oldest wallets around. It is certainly safe, there is no need to worry about that.
Trezor is the original and first hardware wallet, it's amazing to see that Trezor One is still working today and receiving updates.
We can't say that for any other brand of hardware wallets, most of them got discontinued and replaced new devices.
Ledger and Coldcard have a whole graveyard of defunct hardware wallet. :P
I would always suggest getting Open Source hardware wallet if possible, and there are plenty of options available today:
https://www.altcoinstalks.com/index.php?topic=314728 (https://www.altcoinstalks.com/index.php?topic=314728)
Yeah, trezor is probably the best option for most people. No need to worry about it.
And it also supports many altcoins, and they are fast to add support for new coins. You will probably never need to buy another cryptocurrency wallet again, unless if it gets damaged somehow.
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SafePal S: Best for trading, 5000+ cryptos supported
I might prefer the one I have seen before my own eyes, namely the Safepal S Hardware wallet and this is my choice.
I have never seen other hardware wallets in real life, but for the hardware wallet from Safepal S, I have seen it from a friend of mine who already has one.
He bought the Safepal S Hardware wallet during the Wallet Holder Offering event to get free tokens from Safepal. I was amazed to see the appearance of the Safepal S Hardware wallet because the shape was square, black and I thought it was very unique.
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I was amazed to see the appearance of the Safepal S Hardware wallet because the shape was square, black and I thought it was very unique.
You can read some reviews online if you want to pick which one is the best for you. Personally, appearance is the last thing I think of when picking a new HW. In fact, an HW that stands out is not the best choice, especially if you plan to use it as cold storage. This is why I find Ledger's latest product appalling, it seems like they think people who want to buy a HW are looking for a phone and will show it off to others.
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Why did you update the firmware? It actually allows other campaigns to view your cid phrase. Specifically...9 campaigns will have bits of words from your full phrase. How can Leadger be considered safe and secure after that?
I was forced to do the update firmware on the Ledger X when I wanted to trade on the PancakeSwap. I am quite sure that Ledger will generally become unusable over time without the latest update. So trying to break out their "recovery service" risk is just a delay of the inevitable.
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Hardware wallet is good though but I haven't make use of any since I started my journey here, and I have been using another recommended wallet which is Electrum wallet which has been cool with me and have never recorded any attack so far. Although from what few people already mentioned here it seems to be the best and ledger Nano or Trezor wallet is also good one to use as recommended
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Among many hardware wallets I prefer Sefpal hardware wallet. At the moment hardware wallets are more robust as there is no chance of being hacked. Because if you key is kept in the right place then there is no chance of hacking. So I always prefer Sefpal wallet.
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For me, one of the most important things about wallets is that their code is open source. Unfortunately, not all wallets are, and that always means that, for example, we have to install "forced" updates without knowing very well what changes are added due to not being able to review the program code. Each user is the owner of their assets and it is really a personal and comfort decision.
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I was forced to do the update firmware on the Ledger X when I wanted to trade on the PancakeSwap. I am quite sure that Ledger will generally become unusable over time without the latest update. So trying to break out their "recovery service" risk is just a delay of the inevitable.
The Ledger recovery service is a truly controversial update and is much opposed by those who care deeply about privacy, Your Key is Your Coins.
Speaking of risks, of course there will be risks, you are no longer the only one who can control your assets, Ledger has full control over your assets.
But to activate Ledger Recover you need to subscribe first and have to pay 9,99€ per month, but you will get 3 months free as a trial period.
will you pay for the feature?
(https://www.talkimg.com/images/2024/01/06/szQnq.png)
https://www.ledger.com/recover
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I was forced to do the update firmware on the Ledger X when I wanted to trade on the PancakeSwap. I am quite sure that Ledger will generally become unusable over time without the latest update. So trying to break out their "recovery service" risk is just a delay of the inevitable.
I agree, it's only a matter of time, either way everyone will be forced or you won't have access to your funds. And then there's the reinstatement they came up with. I don't know how they managed to do it all in a year. And I don't understand Leadger's logic, with their flash drive prices. Why buy a product for 100-200$ if the cid-phrase will be stored on someone's servers.
Where is the point? They themselves probably don't even know what they did... And once upon a time, I thought it was number one (but didn't use it). And well, saved the funds. There are plenty of hot wallets out there. Take any of them, or buy other wallets (as an alternative). ;D
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Bitcoin is the most expensive cryptocurrency, with the largest market capitalization, hence ranked one in terms of that.
Hardware wallets are the most secure wallet types, as it comes with different levels of security.
Now, can anyone tell the best bitcoin hardware wallets to store the bitcoins safely?
By hardware we know about strong wallets. Since Bitcoin is a very valuable asset, a strong wallet is needed to store Bitcoin, so Safepal hardware wallet seems the most secure to me. Since the price of a hardware is 65$ (estimated price may be more) I suggest everyone to save a hardware wallet. Storing bitcoins on hardware is never likely to be lost or hacked. But if the key is stored in the right place then there will be no fear.
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I was forced to do the update firmware on the Ledger X when I wanted to trade on the PancakeSwap. I am quite sure that Ledger will generally become unusable over time without the latest update. So trying to break out their "recovery service" risk is just a delay of the inevitable.
That is news to me. Did the same thing happen when you use other dexes? Did you connect it to MetaMask or directly to Pancakeswap? I just swap my coins from BSC recently and I don't see any requirement to update my firmware. Also managed to trade some of my shitcoins in Uniswap and Raydium with MetaMask, yet no update is required. Is that requirement a recent thing then? How did they do it though? Through the connectkit that was hacked before?
I guess it is a good thing that I moved on from them quickly, don't know how fucked up I'd be if I need to update the firmware just to sweep my coins in the future.
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The Ledger recovery service is a truly controversial update and is much opposed by those who care deeply about privacy, Your Key is Your Coins.
Speaking of risks, of course there will be risks, you are no longer the only one who can control your assets, Ledger has full control over your assets.
But to activate Ledger Recover you need to subscribe first and have to pay 9,99€ per month, but you will get 3 months free as a trial period.
will you pay for the feature?
(https://www.talkimg.com/images/2024/01/06/szQnq.png)
https://www.ledger.com/recover
I would never use a service like that in my life. Firstly because it is totally contrary to privacy, and secondly and even more importantly because of the danger that comes with knowing that there is "some" way to recover our private keys. Surely Ledger will say something similar to “we have maximum security” but logically this is not the case, cyberattacks are becoming more frequent and even more so are those directed at cryptocurrencies.
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Yes, I know that "for now" Recovery can be activated on a voluntary basis. Again, where is the guarantee that they will not go to extremes soon. Not updating firmware = no access to your funds.
Previously, favored cold wallets of course. Now, the opinion has changed dramatically. Hot wallets, fully cover my needs.
I deliberately updated the Nano X firmware because I wanted to know the results (I forgot how many times I updated the Nano X firmware since I bought it a few years ago).
If Ledger can access and steal their customers' assets when users update the firmware, it means Ledger has become a scammer.
+ Why buy it and then connect to another wallet? Better to walk past Leadger altogether then. There are more than enough alternatives.
P.S. I do as I personally feel comfortable. Just expressing my subjective opinion on the subject. What to do/how to act is up to everyone. 8)
As far as I know, there is no Leadger hardware wallet.
Electrum vs. Electrum+Hardware Wallet
Which do you think has more value?
To use the hardware wallet, you need an app.
You might also ask why I don't use Ledger Live for every transaction with Nano X.
The answer is that the Electrum app is more straightforward and still supports hardware wallets like Ledger and Trezor.
On the other hand, Ledger Live is used on the mobile (smartphone) version.
Aside from storing crypto assets, my goal in buying a few different hardware wallets is to experience using them myself. It will feel different when I recommend a specific hardware wallet, but I have never tried it myself.
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I think, For keeping your bitcoins safe, good hardware wallets are Ledger Nano S, Ledger Nano X, Trezor Model T, and KeepKey. They're like special USB drives that keep your bitcoins super secure. Pick one that feels right for you to make sure your bitcoins are safe and sound!
Top five hardware wallets that are suitable for long term holdings, trading.
Trezor Model T : Overalls best for all devices, 8000+ cryptos supported
Ledger Nano X: Best for All devices, 5500+ cryptos supported
SafePal S: Best for trading, 5000+ cryptos supported
Ellipal Titan: Best for Mobile,
VC vault: Best for Long term holdings
See more details:click (https://cryptowallet.com/academy/best-hardware-wallet/#:~:text=Ellipal%20Titan%20%E2%80%93%20Best%20for%20Mobile,blockchains%20and%2010%2C000%2B%20crypto%20assets.)
I think one wallet is enough for one person. because most of them supported multi cryptocurrency.. It is hard to pick among these but I heard that Trezor is the most supported one.. I myself have Legdger which I bought back in 2019. that time legder was more famous and trusted but recently legder got into several problems and hacks. their legder live app was attacked by hackers multiple times. so if I had to pick one at current time. I would go with Trezor.
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To use the hardware wallet, you need an app.
You might also ask why I don't use Ledger Live for every transaction with Nano X.
The answer is that the Electrum app is more straightforward and still supports hardware wallets like Ledger and Trezor.
On the other hand, Ledger Live is used on the mobile (smartphone) version.
You still need to install stupid ledger apps even if you use only electrum wallet and you dont use ledger live app :P
I don't know any other hardware wallet that has so complicated system with apps, and I think this can be another big ''hack'' in future for them.
They messed up almost everything, so I would suggest making transition to any other open source device (trezor, keyston, bitbox, etc).
Easy way is just importing seed phrase from ledger, but if you want to be extra safe better generate new seed words and start fresh.
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Hardware wallet is good though but I haven't make use of any since I started my journey here, and I have been using another recommended wallet which is Electrum wallet which has been cool with me and have never recorded any attack so far. Although from what few people already mentioned here it seems to be the best and ledger Nano or Trezor wallet is also good one to use as recommended
For Electrum, as long as we're good at protecting our seeds, it's actually one of the better wallets in the cold wallet space.
For hot wallets or cold wallets, it's the same thing if you're careless about how you use and store your seeds, it won't work so it depends on how you look after your wallet.
I personally until now still use electrum and for storage in a little longer time I use Trezor until now. As long as I use it I still don't have any problems and hopefully not forever because I really want to keep myself from carelessness to avoid being hacked.
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I have never used Hardare Wallet and I also haven't seen the hardware wallet.
But many say and suggest in this forum to use hardware wallet in the form of TREZOR and Nano Ledger.
It's not advisable to use Ledger wallet because they come with lots of baggage, they have some security problems before and many customers have lost interest in them, Trezor is still better and of cos it's open source, unlike Ledger wallet, it's closed source or maybe I should say half open source?
I started taking hardware wallet serious after I lost my Bitcoin, all this while I have promised to buy a hardware wallet and I keep postponing it, after the incident I quickly purchase one and since then I feel more comfortable that before.
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I have not used any hardware wallets, but I think Trezor Safe 3 is one of the best hardware wallets. For those who don't have the funds to afford hardware wallets, electrum, exodus, safe pal, and blue wallet are great software wallets.
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You still need to install stupid ledger apps even if you use only electrum wallet and you dont use ledger live app :P
I don't know any other hardware wallet that has so complicated system with apps, and I think this can be another big ''hack'' in future for them.
They messed up almost everything, so I would suggest making transition to any other open source device (trezor, keyston, bitbox, etc).
Easy way is just importing seed phrase from ledger, but if you want to be extra safe better generate new seed words and start fresh.
I know that Ledger still requires Ledger Live for firmware updates. Likewise, with Trezor Suite, I also need it for firmware updates because neither of them can upgrade the firmware via other methods, such as ColdCard, which can upgrade the firmware via MicroSD.
Even though I also have a Trezor, I don't want to throw away the Nano X as long as it still functions normally, and so far, it is still safe when I use it (for other users: DWYOR, DYOR).
I prefer using different seeds on each hardware wallet instead of importing Ledger seeds into another.
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Especially those who are in financial crunch can use software wallet. Nowadays software wallets are quite secure like Electrum Wallet, I use Electrum Wallet. Wallets are generally safe, but if you don't use Key 🗝️ carefully, you'll be at risk. I think it is very important to keep the keys in a generally safe place.
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Why did you forget about Trezor? , this is also an open source wallet, in fact a lot of people use
Ledger wallet and I don’t remember anyone talking en masse about how they get hacked; if there were cases, they were isolated; in a personal meeting with attackers, in any case, not one wallet will save you.)
It's similar to Ledger wallet the difference is that it's open source but I still wouldn't suggest it because a hardware wallet is always going to cause you damage than a software wallet. By the way the software wallets that are open-source are still better than hardware wallets because they cost you nothing to start with.
I know some people still prefer hardware wallets because they have made their mindset that hardware wallets are very secure and their coins will always be safe with hardware wallets no matter what happens. But, I believe that those hardware wallets are of no use if you know how you can secure your assets with a open-source software wallets.
If someone still believes that hardware wallets are good then they should at least go with the one that's open-source. In that case Trezor is better than Ledger because it's open-source, but still I personally would never choose a hardware wallet because it's of no use for me.
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Bitcoin is one of the most valuable digital currency and to store this digital currency we need to use more secure wallets. When it comes to choosing the wallet with the highest security, we first discuss hardware wallets. We consider hardware wallets as the most secure wallets because the access to this wallet is limited to one user and fraudsters or hackers cannot hack bitcoins from such wallets. Most investors use hardware wallets, but investors in countries that don't allow cryptocurrencies usually don't have the opportunity to use hardware wallets because it's natural that hardware won't be allowed in countries where Bitcoin isn't allowed. Hardware wallets are the most secure, but if there is any compulsion to use hardware wallets, users can choose to use some important mobile wallets, which will surely provide enough security for the user to hold bitcoins.
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Hardware wallets are the most secure wallet types, as it comes with different levels of security.
Now, can anyone tell the best bitcoin hardware wallets to store the bitcoins safely?
Various types of wallets are currently available in the market for storing Bitcoins. However, hardware wallets have gained more popularity considering the safety of investors or holders. One of the most popular hardware wallets in recent times is the Trezor Wallet. But there are some special reasons why we give so much priority to Trezor Wallet.
All types of wallets aim to provide maximum security to customers. The security of Trezor Wallet uses a secure element for key protection. It ensures sufficient security to show the need for physical confirmation in case of any transaction.
Moreover, this wallet code being open source can be easily monitored by anyone. As a result, no one doubts its transparency. Users can quickly identifies its weaknesses and helps to resolve the problems.
In this wallet a holder will be able to store Bitcoin and various cryptocurrencies. As a result, a Bitcoin holder can save as many tokens as he wishes. Trezor built a good reputation in the market. It also get good reputation at all levels of security. Moreover, the device's interface and set-up process is also relatively easy, so everyone can use it with ease.
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The name that I have heard a lot is Ledger Nano. I am not a hardware wallet user myself but seems like this should be a good option. But as everyone suggested, they can be quite expensive.
If you want a cheaper solution to that, you can use an air-gapped device to create cold storage for your BTC. You can find many tutorials online if you wanna do it on your own.
The trick is to never make any contact with the internet with your device. You can use an old cheap PC to do it. And it is as safe as hardware wallets as long as you make sure not to connect it with the internet at any cost.
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The name that I have heard a lot is Ledger Nano. I am not a hardware wallet user myself but seems like this should be a good option. But as everyone suggested, they can be quite expensive.
If you want a cheaper solution to that, you can use an air-gapped device to create cold storage for your BTC. You can find many tutorials online if you wanna do it on your own.
The trick is to never make any contact with the internet with your device. You can use an old cheap PC to do it. And it is as safe as hardware wallets as long as you make sure not to connect it with the internet at any cost.
As long the user knows and has patience when making transactions using the airgap device, from signing, removing the device stick, and then broadcasting. Also, the prevention of getting the airgap infected using the USB stick. As long as the user knows these cons then it should be fine. This be much safer than using a hardware wallet besides how costly HW nowadays.
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I have several hardware wallets including Trezor, Ledger Nano X, and Safepal.
But for storing bitcoins long term, I prefer trezor because I first started buying a hardware wallet is this while for Ledger Nano X I bought it from someone on the forum.
Safepal hardware is only for storing altcoins.
If you ask which one is the best then it's a choice every individual is always different in the comfort of the hardware wallet he chooses.
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I also haven't tried any hardware wallet before but does all hardware needs a desktop wallet to function because I know of trezor + Exodus.... I don't know if all hardware follow this pattern or they stand alone without any partner with external wallet
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If you want a cheaper solution to that, you can use an air-gapped device to create cold storage for your BTC. You can find many tutorials online if you wanna do it on your own.
Yes, I think you have shared some good information with the users. An air-gapped device with a open source wallet like Electrum is much safer than those hardware wallets, and the best thing about an air-gapped system is that they aren't super expensive.
Anyone can use even a very old Core2duo based CPU or even a slower duel core laptop for the purpose. But such users should understand that windows operating system is not a good choice for an air-gapped system and they should install a Linux distribution for best security of the system.
There are many tutorials for making such a system anyone can easily find those with a Google search. It's always going to be safer and cheaper option as compare to a hardware wallet. And, the best thing is that it can be done in any part of the world even in those areas where people can't purchase hardware wallets due to unavailability.
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I have been in the cryptocurrency business for a few years, and I have long wanted to have a hardware wallet for the long-term assets that I will hold. That's why I haven't been able to buy it until now. Because of the priorities I prioritize for my family,.
Although I have used cold and hot wallets, so far I have not had any problems with these things. As long as you know how to be careful and how to avoid the unexpected, it's fine even if you don't have hardware wallets. But I have options on what I'm going to try to buy, and they're the Secux and Trezor wallets.
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As long the user knows and has patience when making transactions using the airgap device, from signing, removing the device stick, and then broadcasting. Also, the prevention of getting the airgap infected using the USB stick. As long as the user knows these cons then it should be fine. This be much safer than using a hardware wallet besides how costly HW nowadays.
Not gonna lie, everything has its pros and cons. This is no different. But the thing with this is, you can easily avoid them. They are not hard to deal with if you do some trial-and-error tests. Do not jump right into using it without learning everything about it. That's the best advice I can give anyone if they are willing to use an air-gapped device for storage. But then again, it is not 100% secure. Nothing is.
And, the best thing is that it can be done in any part of the world even in those areas where people can't purchase hardware wallets due to unavailability.
Yeah, I forgot to mention this. Thank you for mentioning it. Super cheap and always available. The part of Windows and Linux is a personal choice TBH but Linux should be the first choice for sure.
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The name that I have heard a lot is Ledger Nano.
Since the introduction of their recovery service a lot of people no longer trust Ledger.
According to what I read ledger now has a service that backup user’s private key incase they misplace it they (ledger) can help them recover it and a lot of people are scared that if ledger is compromised then billions of dollars will be stolen.
Just like you said, I’m not a hardware wallet but if you can properly handle your airgapped wallet then you should be safe – even if you’re planning to hold for long term.
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Bitcoin is the most expensive cryptocurrency, with the largest market capitalization, hence ranked one in terms of that.
Hardware wallets are the most secure wallet types, as it comes with different levels of security.
Now, can anyone tell the best bitcoin hardware wallets to store the bitcoins safely?
Bitcoin Hardware Wallet is an important and high security complete wallet. Although there are different bands of hardware wallets in the market, hardware wallets vary in quality and price. Among the most popular hardware wallets, Ledger Nano X,S, SafePal S 1, Ellipal Titan, Bitpay, Trezor Model T, M etc. are very important hardware wallets. If anyone uses any of these there is no chance of getting hacked but in this case the security system should be kept in one's custody.
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You can use hardware and software wallets to keep your bitcoins safe, these will provide maximum security to your bitcoins. If you want to use Bitcoin hardware wallets then using Nano Ledger and Trezor Wallet will keep your funds safe.
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You can use hardware and software wallets to keep your bitcoins safe, these will provide maximum security to your bitcoins. If you want to use Bitcoin hardware wallets then using Nano Ledger and Trezor Wallet will keep your funds safe.
op If there is a financial problem then software wallets can definitely be used. Mainly hardware wallets are the most secure, while software wallets are a little less secure. In particular, you can use the software points that I will mention. Electrum Wallet, and Mycelium Wallet. If you use these two wallets, you can store bitcoins completely safely for a long time, but the keys must be stored carefully.
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Bitcoin Hardware Wallet is an important and high security complete wallet. Although there are different bands of hardware wallets in the market, hardware wallets vary in quality and price. Among the most popular hardware wallets, Ledger Nano X,S, SafePal S 1, Ellipal Titan, Bitpay, Trezor Model T, M etc. are very important hardware wallets. If anyone uses any of these there is no chance of getting hacked but in this case the security system should be kept in one's custody.
Hardware Wallets can be security tight but that doesn't means they cannot get compromised even if not directly but through the PC. Moreover, PC is required to make any transactions and if the PCis being compromised it compromise the Hardware along with it, we need to be security cautious on what we download or link we get our hands on the INTERNET through the Pc
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You can use hardware and software wallets to keep your bitcoins safe, these will provide maximum security to your bitcoins. If you want to use Bitcoin hardware wallets then using Nano Ledger and Trezor Wallet will keep your funds safe.
op If there is a financial problem then software wallets can definitely be used. Mainly hardware wallets are the most secure, while software wallets are a little less secure. In particular, you can use the software points that I will mention. Electrum Wallet, and Mycelium Wallet. If you use these two wallets, you can store bitcoins completely safely for a long time, but the keys must be stored carefully.
Everything has an alternative solution. Alternative solutions must be used for those with financial problems. If I consider it from my own side, I don't have enough money to buy a hardware wallet to hold bitcoins right now. Since I don't have enough money I am using software wallet. Although we know that hardware wallet is more secure but for us as an alternative method we have to use software wallet in a way that is more secure for us. Be it TrustWallet, Electrum Wallet, Blue Wallet if you can keep the seed phrase of all these wallets safely then your investment will be much safer.
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Everything has an alternative solution. Alternative solutions must be used for those with financial problems. If I consider it from my own side, I don't have enough money to buy a hardware wallet to hold bitcoins right now. Since I don't have enough money I am using software wallet. Although we know that hardware wallet is more secure but for us as an alternative method we have to use software wallet in a way that is more secure for us. Be it TrustWallet, Electrum Wallet, Blue Wallet if you can keep the seed phrase of all these wallets safely then your investment will be much safer.
If you say you don't have enough money to buy a hardware wallet, then look at how many Bitcoin assets you hold or other crypto assets.
The price of hardware wallets is even very affordable and cheaper than the devices you use today, around $ 40-$ 80.
But if you still want to use the Mobile Application, if to store Bitcoin Electrum is a recommendation because I also use it in addition to using a hardware wallet as the main storage
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You can use hardware and software wallets to keep your bitcoins safe, these will provide maximum security to your bitcoins. If you want to use Bitcoin hardware wallets then using Nano Ledger and Trezor Wallet will keep your funds safe.
In my opinion, the secure storage of the seed-phrase is more important than the wallet itself. Storing the seed-phrase on a computer can make it vulnerable to theft during software downloads. Hardware wallets are useful for website interactions, but it is still important to be cautious of user permissions. If you store funds on a hardware wallet, it should not be used actively.
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I would suggest to buy any hardware wallet that is affordable. Reason is simple - all of them have encryptions and security technology. Some is better, some is not. Each have its own benefits. But having an extra level of security than simply having password is always better than having no extra security at all. It will save user from a default hacker, but if an elite will hunt for your funds, then he will get you no matter when. So basically all the hardware wallets differ only by design, maybe with special app. So I would get any that I can buy and be happy. Anyway, $20 or $220 worth wallet does the same, it stores crypto.
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I would suggest to buy any hardware wallet that is affordable. Reason is simple - all of them have encryptions and security technology. Some is better, some is not. Each have its own benefits. But having an extra level of security than simply having password is always better than having no extra security at all. It will save user from a default hacker, but if an elite will hunt for your funds, then he will get you no matter when. So basically all the hardware wallets differ only by design, maybe with special app. So I would get any that I can buy and be happy. Anyway, $20 or $220 worth wallet does the same, it stores crypto.
On one hand you're right, and on the other hand you're a little bit wrong. Why spend several hundred dollars on these devices? There is plenty of information on the Internet on how to make such a wallet yourself.
+ do not forget that the use policy (may change) without your knowledge. The situation with Leadger is an example of this. No one was asked for an opinion. One update = your seed phrase is out of your hands. And don't you think there are a lot of cases like this? It's one thing to buy an asset, it's another to keep it without losing access.
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Hardware wallets are the most secure wallet types, as it comes with different levels of security.
You're wrong, hardware wallets are not the most secured, but they can be among the best but really the best, once you're dealing with a non custodial means of holding your bitcoin, then what comes straight to mind is to either run a node using bitcoincore on Tor client, make use of electrum wallet which is also a multisig bitcoin wallet or get yourself a hardware wallet which falls under bitcoin cold storage.
Now, can anyone tell the best bitcoin hardware wallets to store the bitcoins safely?
You're saying that hardware wallet are the best and most secure wallets to use yet you don't even have an idea of an example of it, should we indeed believe in you and what you're talking about or something else, just come straight to the fact that you don't know about wallets in general and not to even talk about hardware wallets.
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You can use hardware and software wallets to keep your bitcoins safe, these will provide maximum security to your bitcoins. If you want to use Bitcoin hardware wallets then using Nano Ledger and Trezor Wallet will keep your funds safe.
In my opinion, the secure storage of the seed-phrase is more important than the wallet itself. Storing the seed-phrase on a computer can make it vulnerable to theft during software downloads. Hardware wallets are useful for website interactions, but it is still important to be cautious of user permissions. If you store funds on a hardware wallet, it should not be used actively.
I agree with you. The biggest risk of hardware wallets and hot wallets is that users store private keys in vulnerable places like PCs. Although Ledger and Trezor have special anti-virus chips, if users lose their private keys to hackers, the value of the hardware wallet will disappear.
Ledger and Trezor both advise users to write down their private keys on paper and store them in a safe place
My friends have a simpler and more economical way: they use Ubuntu OS to run crypto wallet applications on their PC and store information there. They say that Linux OS is much safer than Windows OS and that is enough: both safe and convenient 💪💪💪
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I agree with you. The biggest risk of hardware wallets and hot wallets is that users store private keys in vulnerable places like PCs. Although Ledger and Trezor have special anti-virus chips, if users lose their private keys to hackers, the value of the hardware wallet will disappear.
Ledger and Trezor both advise users to write down their private keys on paper and store them in a safe place
My friends have a simpler and more economical way: they use Ubuntu OS to run crypto wallet applications on their PC and store information there. They say that Linux OS is much safer than Windows OS and that is enough: both safe and convenient 💪💪💪
Surprisingly, I use Linux Mint rather than Ubuntu as my operating system. Despite rumours that Linux is inferior to Windows, I believe this to be untrue based on my positive experience with Linux Mint.
But I do have a question for you: how do you store the seed phrase? Storing the seed phrase on paper is not ideal due to its susceptibility to ageing and degradation. Instead, I am considering stamping the seed phrase on a steel plate.
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I would suggest to buy any hardware wallet that is affordable. Reason is simple - all of them have encryptions and security technology. Some is better, some is not. Each have its own benefits. But having an extra level of security than simply having password is always better than having no extra security at all. It will save user from a default hacker, but if an elite will hunt for your funds, then he will get you no matter when. So basically all the hardware wallets differ only by design, maybe with special app. So I would get any that I can buy and be happy. Anyway, $20 or $220 worth wallet does the same, it stores crypto.
Please don't use term "any". Recently we know it's possible to extract private key from Ledger[1]. Bitfi (also called John McAfee hardware wallet) also got hacked many times[2]. But otherwise i agree with you.
[1] https://techcrunch.com/2023/05/18/turns-out-ledger-can-hold-some-of-your-crypto-wallets-keys-if-you-agree-to-it/ (https://techcrunch.com/2023/05/18/turns-out-ledger-can-hold-some-of-your-crypto-wallets-keys-if-you-agree-to-it/)
[2] https://www.tomshardware.com/news/mcafee-bitfi-cryptocurrency-wallet-hacked,37736.html (https://www.tomshardware.com/news/mcafee-bitfi-cryptocurrency-wallet-hacked,37736.html)
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I would suggest to buy any hardware wallet that is affordable. Reason is simple - all of them have encryptions and security technology. Some is better, some is not. Each have its own benefits. But having an extra level of security than simply having password is always better than having no extra security at all. It will save user from a default hacker, but if an elite will hunt for your funds, then he will get you no matter when. So basically all the hardware wallets differ only by design, maybe with special app. So I would get any that I can buy and be happy. Anyway, $20 or $220 worth wallet does the same, it stores crypto.
On one hand you're right, and on the other hand you're a little bit wrong. Why spend several hundred dollars on these devices? There is plenty of information on the Internet on how to make such a wallet yourself.
+ do not forget that the use policy (may change) without your knowledge. The situation with Leadger is an example of this. No one was asked for an opinion. One update = your seed phrase is out of your hands. And don't you think there are a lot of cases like this? It's one thing to buy an asset, it's another to keep it without losing access.
1. That is why I have said, no matter what wallet user will choose, expensive or not, self made or not, there is always a chance to lose keys. Like it or not, there is nothing eternal. If its impossible to crack a hardware wallet, then social engineering will be used, and owner will give keys himself.
2. I know that people can create their own wallets themselves, but I think we were speaking mostly about out-of-the-box solution here.
I would suggest to buy any hardware wallet that is affordable. Reason is simple - all of them have encryptions and security technology. Some is better, some is not. Each have its own benefits. But having an extra level of security than simply having password is always better than having no extra security at all. It will save user from a default hacker, but if an elite will hunt for your funds, then he will get you no matter when. So basically all the hardware wallets differ only by design, maybe with special app. So I would get any that I can buy and be happy. Anyway, $20 or $220 worth wallet does the same, it stores crypto.
Please don't use term "any". Recently we know it's possible to extract private key from Ledger[1]. Bitfi (also called John McAfee hardware wallet) also got hacked many times[2]. But otherwise i agree with you.
[1] https://techcrunch.com/2023/05/18/turns-out-ledger-can-hold-some-of-your-crypto-wallets-keys-if-you-agree-to-it/ (https://techcrunch.com/2023/05/18/turns-out-ledger-can-hold-some-of-your-crypto-wallets-keys-if-you-agree-to-it/)
[2] https://www.tomshardware.com/news/mcafee-bitfi-cryptocurrency-wallet-hacked,37736.html (https://www.tomshardware.com/news/mcafee-bitfi-cryptocurrency-wallet-hacked,37736.html)
Name me please wallet that wasnt hacked or had no issues. I think it is matter of time when other wallet users will lose keys. People seems to complain less about Trezor. It is a matter of time when it will get issues also. Hackers dont sit still every day, they develop their methods and technologies also.
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If you own old working smartphone you can use it like hardware wallet and you dont have to buy something new.
Just reset your phone, install mobile wallet, remove sim card and turn off internet connection.
Now you have better security for free without spending more money, this is crypto recycle ;D
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If you own old working smartphone you can use it like hardware wallet and you dont have to buy something new.
Just reset your phone, install mobile wallet, remove sim card and turn off internet connection.
Now you have better security for free without spending more money, this is crypto recycle ;D
Hahaha you already have enough ideas.
It's no different than if you had a used laptop but it still works then reset it > install Electrum > save the seed phrase on paper after the wallet is filled with bitcoin don't connect it to the internet then let it sit. LOL
Still hardware is more practical, but somehow there are still many who hesitate to buy hardware even though the price is not too expensive just choose Trezor which costs $60 our assets will be safe.
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But I do have a question for you: how do you store the seed phrase? Storing the seed phrase on paper is not ideal due to its susceptibility to ageing and degradation. Instead, I am considering stamping the seed phrase on a steel plate.
The storing of seed phrase on a piece of paper is the common and most popular method of storage because it very easy and does not attract any cost. Occasionally, you should be checking it and if at any point you see that the ink is fading out, rewrite it on another piece of paper. Also, you should have multiple backups. There's no need to stress yourself about the metallic steel plate, I'd only suggest it if you live in an environment where natural disaster is prevalent.
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Name me please wallet that wasnt hacked or had no issues. I think it is matter of time when other wallet users will lose keys. People seems to complain less about Trezor. It is a matter of time when it will get issues also. Hackers dont sit still every day, they develop their methods and technologies also.
I didn't say anything about hardware wallet that was never hacked or had no issue. My point was there are few hardware wallet not worth recommending/mentioning.
If you own old working smartphone you can use it like hardware wallet and you dont have to buy something new.
Just reset your phone, install mobile wallet, remove sim card and turn off internet connection.
Now you have better security for free without spending more money, this is crypto recycle ;D
It's nice idea, although make sure wallet software you choose have feature for offline/airgapped wallet. At bare minimum. it should able to sign unsigned transaction.
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The storing of seed phrase on a piece of paper is the common and most popular method of storage because it very easy and does not attract any cost. Occasionally, you sound be checking it and if at any point you see that the ink is fading out, rewrite it on another piece of paper. Also, you shouldn't have multiple backups. There's no need to stress yourself about the metallic steel plate, I'd only suggest it if you live in an environment where natural disaster is prevalent.
Why is it not necessary to have multiple backups? This reduces the likelihood of losing access to your wallet if the seed-phrase is lost. We don't have natural disasters, but I think you need to make sure you have access to your wallet in the most unforeseen situations.
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The storing of seed phrase on a piece of paper is the common and most popular method of storage because it very easy and does not attract any cost. Occasionally, you sound be checking it and if at any point you see that the ink is fading out, rewrite it on another piece of paper. Also, you shouldn't have multiple backups. There's no need to stress yourself about the metallic steel plate, I'd only suggest it if you live in an environment where natural disaster is prevalent.
Why is it not necessary to have multiple backups? This reduces the likelihood of losing access to your wallet if the seed-phrase is lost. We don't have natural disasters, but I think you need to make sure you have access to your wallet in the most unforeseen situations.
I disagree with @Sokani suggestion. But i guess he imply it'll increase risk it found by other people or you need to spend time to verify and replace the backup (if the backup no longer in good condition).
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It's no different than if you had a used laptop but it still works then reset it
Difference is big, because you cant put laptop in your pocket ;D
You can use other devices like laptops at home but old phone is much better when you are not at home or when you are traveling.
It is easy to pair phone with other devices and wallets using NFC, Bluetooth or QR codes.
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It's no different than if you had a used laptop but it still works then reset it
Difference is big, because you cant put laptop in your pocket ;D
You can use other devices like laptops at home but old phone is much better when you are not at home or when you are traveling.
It is easy to pair phone with other devices and wallets using NFC, Bluetooth or QR codes.
You're absolutely right! The portability and convenience of a smartphone make it a popular choice for managing cryptocurrencies, especially when you're on the go.
While smartphones offer great advantages in terms of convenience, it's crucial to prioritize security measures. Keep your device and wallets updated, enable security features, and be cautious about downloading apps or clicking on links from untrusted sources.
The combination of portability, connectivity, and security features makes smartphones a popular choice for managing cryptocurrencies in various daily scenarios.
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The storing of seed phrase on a piece of paper is the common and most popular method of storage because it very easy and does not attract any cost. Occasionally, you sound be checking it and if at any point you see that the ink is fading out, rewrite it on another piece of paper. Also, you shouldn't have multiple backups. There's no need to stress yourself about the metallic steel plate, I'd only suggest it if you live in an environment where natural disaster is prevalent.
Why is it not necessary to have multiple backups? This reduces the likelihood of losing access to your wallet if the seed-phrase is lost. We don't have natural disasters, but I think you need to make sure you have access to your wallet in the most unforeseen situations.
I disagree with @Sokani suggestion. But i guess he imply it'll increase risk it found by other people or you need to spend time to verify and replace the backup (if the backup no longer in good condition).
I agree that having more backups makes them easier to find, but a large number of them would greatly reduce the risk of losing access to the wallet. This creates a conflict of interest. However, encrypting backups can prevent a stranger from accessing the owner's wallet even if they have a backup.
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The storing of seed phrase on a piece of paper is the common and most popular method of storage because it very easy and does not attract any cost. Occasionally, you sound be checking it and if at any point you see that the ink is fading out, rewrite it on another piece of paper. Also, you shouldn't have multiple backups. There's no need to stress yourself about the metallic steel plate, I'd only suggest it if you live in an environment where natural disaster is prevalent.
Why is it not necessary to have multiple backups? This reduces the likelihood of losing access to your wallet if the seed-phrase is lost. We don't have natural disasters, but I think you need to make sure you have access to your wallet in the most unforeseen situations.
I disagree with @Sokani suggestion. But i guess he imply it'll increase risk it found by other people or you need to spend time to verify and replace the backup (if the backup no longer in good condition).
I agree that having more backups makes them easier to find, but a large number of them would greatly reduce the risk of losing access to the wallet. This creates a conflict of interest. However, encrypting backups can prevent a stranger from accessing the owner's wallet even if they have a backup.
For seed phrase backup, 2 or 3 backups are enough. Better if they are far away from one another. You encrypt the seed phrase with a password on a flash or memory card, but why not just use passphrase to extend the word instead which is easier. Or maybe you are referring to wallet file encryption and not seed phrase. As long as you use strong passphrase, someone that saw your seed phrase will find it difficult to get access to your coins because he needs the passphrase to get access to it.
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Why is it not necessary to have multiple backups? This reduces the likelihood of losing access to your wallet if the seed-phrase is lost. We don't have natural disasters, but I think you need to make sure you have access to your wallet in the most unforeseen situations.
I disagree with @Sokani suggestion. But i guess he imply it'll increase risk it found by other people or you need to spend time to verify and replace the backup (if the backup no longer in good condition).
Corrected. That's was a typo error from me.
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For seed phrase backup, 2 or 3 backups are enough. Better if they are far away from one another. You encrypt the seed phrase with a password on a flash or memory card, but why not just use passphrase to extend the word instead which is easier. Or maybe you are referring to wallet file encryption and not seed phrase. As long as you use strong passphrase, someone that saw your seed phrase will find it difficult to get access to your coins because he needs the passphrase to get access to it.
You can memorise your password phrase, but this can be risky. If you forget it due to memory loss or aging, you may lose access to your wallet. But keeping multiple copies in different places is something I will consider. Thanks for the tip.
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Bitcoin is the most expensive cryptocurrency, with the largest market capitalization, hence ranked one in terms of that.
Hardware wallets are the most secure wallet types, as it comes with different levels of security.
Now, can anyone tell the best bitcoin hardware wallets to store the bitcoins safely?
op I agree with you that Bitcoin is the most expensive market so it is very important that our wallets are as secure as possible to hold Bitcoins. I personally think a wallet is very important to keep bitcoins safe. I myself use hardware wallets to hold bitcoins and anyone else would recommend hardware wallets to hold bitcoins. Bitcoin is very important, so it is important for all of us to keep it in a safe wallet to hold Bitcoin. Therefore, we can use hardware wallets for Bitcoin, thinking that first of all we need to keep our wallet safe.