Are you using Hardware Wallets?

[salad daging]

Since owning the hardware, I have only done one update the rest until now I no longer do updates, I only check the balance and then close back and ignore updates, so is it still safe or keep updating?

You should update firmware for sure, Trezor developers fixed important security issues and made significant improvements and changes during last few years.
There is also a chance that running old firmware could result in error with transactions, but if you are not using device than it doesn't matter, since you should keep seed words separately offline.

That's what I'm afraid of with transaction errors so it's better to update the firmware as you suggested to be even safer, but so far using Trezor is only one 1x transaction and the rest is no longer while for the seed phrase it stores offiline in a safe place.

[Husna QA]

That's what I'm afraid of with transaction errors so it's better to update the firmware as you suggested to be even safer, but so far using Trezor is only one 1x transaction and the rest is no longer while for the seed phrase it stores offiline in a safe place.

Firmware updates are usually needed to add new features, fix bugs, or increase the security of the hardware wallet device.
The changelog of the firmware can be a reference to see whether it is urgent to install immediately or can still be skipped, for example, because it is only a minor bug fix.

For Trezor, you can see here:

Model One: https://github.com/trezor/trezor-firmware/blob/master/legacy/firmware/CHANGELOG.md
Safe3: https://github.com/trezor/trezor-firmware/blob/main/core/CHANGELOG.T2B1.md
Model T: https://github.com/trezor/trezor-firmware/blob/master/core/CHANGELOG.md

[Daiana]

I do not use hardware wallets, for now I don't have that many coins and it just seems too hard. I am so used to having everything online but if I ever get a bigger portfolio I might consider getting it!

[Outhue]

I always thought that I would never need a hardware wallet until i lost some coins, someone moved all my Bitcoin and altcoins out of my wallet, this is a old wallet thay I have been using since 2019, and it is always online.

So one day I decided to order a Keystone hardware wallet, since then I have never gotten compromised again, now I understand the difference between a air-gapped hardware wallet and a normal crypto wallet.

Keystone 3 pro is a good one.

[MrSpasybo]

I do not use hardware wallets, for now I don't have that many coins and it just seems too hard. I am so used to having everything online but if I ever get a bigger portfolio I might consider getting it!

I think many investors in this market are in the same situation as you, and so am I. We understand that hardware wallets are really good and are the safest option to protect crypto assets, but we temporarily do not have too many crypto assets and want to make the most of every $ for investment to maximize profits in the bullrun.

There are many good measures that we can take to protect our crypto assets: using a personal internet network, using Apple products or the Linux OS on a PC to limit the risk of being attacked by hackers. I hope that this bullrun will bring us great profits, enough to make us need and be able to own hardware wallets ^^

[dkbit98]

Keystone 3 pro is a good one.

Keystone is not bad hardware wallet, but I know some people who are having issues with their battery.
If you don't use it so often make sure to charge it and never leave it for a long time with depleted empty battery.
It is possible to replace it later, but it's not that easy like in older version.

[Celsius]

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.

The wallet I have chosen to invest in Bitcoin is basically a software wallet. As there are experiences of software wallets getting hacked, I will be careful and refrain from using software wallets in future. But I have decided to use Trezor Model T in my future plans because it has the convenience of using PIN directly with computer so it is completely safe from hackers.

[MUGNIA]

When I first bought an SFP hardware wallet, I thought it would be easy to use, but in my opinion, this wallet is quite complicated, requiring a scan code for every transaction, so the result is that the wallet is only a collection and I am still comfortable using a desktop wallet.

[Crwth]

I use both Ledger and Trezor for holding my cryptocurrency holdings. It's just about having the flexibility of both but I use more of my Ledger compared to Trezor because of its portability. I really like how it holds up so far.

I haven't had any problems with both of my hardware wallets.

[dkbit98]

Everyone please stay on topic of hardware wallets.
Don't ask for silly advices for apple computers. 

But I have decided to use Trezor Model T in my future plans because it has the convenience of using PIN directly with computer so it is completely safe from hackers.

PIN code is not going to protect you from anything, and Trezor model T is way to expensive and it's not worth that money when there is already cheaper Trezor 3 Safe with secure element.
You can select any wallet you want to purchase but I don't see advantage Trezor T have.

[examplens]

At the moment when I decided to buy a hardware wallet, the only available option was Trezor One.
Luckily for me, Ledger was all sold out and I would have to wait 3-4 months next batch for delivery, so I decided on Trezor, which was available in stock.
Trezor Model T appeared a few days after my purchase. 

I will probably think about upgrading to a newer model at some point.

I see that many find the justification for not using a hardware wallet in the fact that they do not have a significant amount, as no additional security is needed. For some reason, there is a belief that hardware wallets are only for long-term holding, which doesn't have to be like that at all. I use the Trezor on a daily basis and nothing is more complicated than using any other wallet, Metmask and at the same time it is more secure.

[Faisal2202]

Yeah but not more than any other wallet, as a seed is a seed and as long as you own it, your funds shouldn't be lost even if you break or lose your hardware wallet.

You are right we can recover our funds if we have those 12 or 24 words, but I was saying its a little hard to manage the hardware wallet, I mean if it breaks or its LCD is damaged as I have seen a lot of hardware wallet's complaints that after not using them for a long time their LCDs are not showing anything at all. And repairing the LCD from a person who might know about cryptocurrency is a risk to your assets.

And the money spent on that hardware wallet will be wasted as well. So that's why I passed the HW besides its hard to get them in this country as it charges us more than usual customers as it's not local we have to pay huge taxes on it. Overall for those who can easily get it and manages it should buy it because its the best choice there but choosing the right one is also a problem as many are centralized and many are not but they are either closed source. So its not that hard to find one.

PS: I know replying late, I missed it.

[Jomisa]

Hardware wallets allow you to accept more cryptocurrencies, while the airgapped system is easier for those who want to keep Bitcoin, and it is difficult to allocate software for most altcoins, so if you want to hodle altcoin, purchasing hardware wallets is better than the airgapped system.

Honestly speaking, in my few years in the cryptocurrency business industry, I haven't bought anything because I haven't prioritized it yet. The only ones I can use right now are Metamask, Electrum, Klver, Sometimes Trustwallet, and Mycelium, and a USB flash drive where the private key and seed phrases are saved in three flash drives.

Storing the private key digitally and using closed source wallets are bad options for anyone who wants to hold cryptocurrencies for the long term.

Which hardware wallet would you suggest?

[milewilda]

Hardware wallets allow you to accept more cryptocurrencies, while the airgapped system is easier for those who want to keep Bitcoin, and it is difficult to allocate software for most altcoins, so if you want to hodle altcoin, purchasing hardware wallets is better than the airgapped system.

Honestly speaking, in my few years in the cryptocurrency business industry, I haven't bought anything because I haven't prioritized it yet. The only ones I can use right now are Metamask, Electrum, Klver, Sometimes Trustwallet, and Mycelium, and a USB flash drive where the private key and seed phrases are saved in three flash drives.

Storing the private key digitally and using closed source wallets are bad options for anyone who wants to hold cryptocurrencies for the long term.

Which hardware wallet would you suggest?

You could choose among the list;

https://www.ledger.com/
https://www.keepkey.com/
https://trezor.io/


Answering the question if i do make use of HW then after all this time i havent make use of these things.
Flash drive + encryption/password is already enough but of course with having that multiple copies. 

[taufik123]

When I first bought an SFP hardware wallet, I thought it would be easy to use, but in my opinion, this wallet is quite complicated, requiring a scan code for every transaction, so the result is that the wallet is only a collection and I am still comfortable using a desktop wallet.

I don't think HW SFP is too difficult, I even use it for my main wallet.  If it looks difficult, it is indeed a security procedure because it does not use NFC or BT connections, only using Air-gap which is safer because there is no direct connection.

Using a desktop wallet or an unsecured wallet such as a hardware wallet is even more dangerous to be exposed to malware or spyware.
Your choice is just to be safer but quite difficult to use, what is very easy to use but vulnerable.