Are not you afraid to lose money when using software wallets?

[Rami]

Not all wallets are the same, though. Some have better security practices, and open-source options can offer more transparency. Personally, I use a mix of software and hardware wallets to enhance security. It’s all about finding a balance between convenience and safety. While trust is hard to come by, doing thorough research and taking precautions can help protect our funds.

[Aanuoluwatofunmi]

Once it comes to the use of wallet, then its more appropriate that we understand the need to why we must make use of a particular wallet, even though some will made mention that they had prefer the use of an open source wallet to close source, some will also give their own reason why they think software wallet is the best, but in every decision we are taking, we must know what we are doing and why we are taking such a step.

[albon]

It can be intimidating for beginners to dive in without understanding the importance of storage. They unknowingly select all the bad wallets due to which they quickly fall prey to scamming. Applications that can be downloaded to a computer or mobile device. They are also called hot wallets because they work online and have more vulnerabilities than cold wallets Software wallets are encrypted and require a password to access the keys they store, but they are vulnerable to malware attacks.
Due to its offline status to investors, hardware wallets seem more secure than software wallets. But software wallets are connected to the Internet so theoretically there is a risk of potential hacking or attacks. However, this software wallet offers convenience for those who make frequent transactions and need quick access to their assets.

[Mia Chloe]

Once it comes to the use of wallet, then its more appropriate that we understand the need to why we must make use of a particular wallet, even though some will made mention that they had prefer the use of an open source wallet to close source, some will also give their own reason why they think software wallet is the best, but in every decision we are taking, we must know what we are doing and why we are taking such a step.

Being very careful and cautious is a better substitute than being scared. Infact being scared when making use of a hot wallet even puts you at a higher risk of losing your coins to hack or scam. Both cold wallets and hot wallets are alternatives for different situations and there is literally no point being scared instead of choosing the right one.

Hot wallets are usually used by people who are likely business persons or constantly transact with bitcoin on the contrary to cloud wallet ms that are preferably used for hodling some coins.  The difference is simply connection to the internet and that's the more reason hot wallets users need to be careful since they have a higher chance of coming across internet scams or phishing attempts.

[libert19]

I actually am. My ledger nano s screen is done, and I wanted to make a transfer from it, but I was feeling unsafe importing seed into software wallets, so haven't proceeded with transfer yet, and going to buy new HW and import seed there.