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Hardware wallet

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They say hardware wallets are the most secured form of storage for cryptocurrency. Do you use hardware wallet? How does these devices actually work, do you need internet to access your crypto?

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I've heard couple of things around hardware wallets, it doesn't require internet connection to access your wallet, which is one big advantage over it. And it is controlled by anyone, rather the owner monitors the progress of his or her assets on the hardware wallet. It is expensive to acquire, that's why not many crypto lovers are using it. 

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On 4/11/2022 at 10:53 PM, killamch89 said:

I do have a Ledger Wallet Nano X - I do store a bit of my crypto there and lock it in my mini safe. It runs very smoothly with zero issues and I've had it for a little over two years.

Wow! Do you need internet connection to access your assets, or can you use just like flash drive?

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On 4/11/2022 at 6:08 PM, killamch89 said:

I do have a Ledger Wallet Nano X - I do store a bit of my crypto there and lock it in my mini safe. It runs very smoothly with zero issues and I've had it for a little over two years.

Good, you should stick with that one and enjoy security at it's best for your crypto assets. I am settled with binance, Bybit, Coincola, Kucoin, that's the reason why I've stayed away from E-wallets. 

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On 4/16/2022 at 6:23 PM, Justin11 said:

Good, you should stick with that one and enjoy security at it's best for your crypto assets. I am settled with binance, Bybit, Coincola, Kucoin, that's the reason why I've stayed away from E-wallets. 

But those are exchanges - it's much better to store your crypto somewhere else because Crypto exchanges are hacked all the time. I have a couple software crypto wallets like Coinomi, Blockchain.com, Trust Wallet and few others along with my Ledger. It's never good to store everything in one place especially when it comes to the internet.

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20 hours ago, killamch89 said:

But those are exchanges - it's much better to store your crypto somewhere else because Crypto exchanges are hacked all the time. I have a couple software crypto wallets like Coinomi, Blockchain.com, Trust Wallet and few others along with my Ledger. It's never good to store everything in one place especially when it comes to the internet.

You're right bro, their is no need bringing all our eggs in one basket. We should always diversify our crypto currencies in different exchanges and wallet. 

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I would argue that for most people hardware wallets are NOT more secure. I see way more people losing access to their wallets because of forgotten seeds than being hacked. So I guess depends on your definition of secure.

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On 4/20/2022 at 5:31 AM, Empire said:

I would argue that for most people hardware wallets are NOT more secure. I see way more people losing access to their wallets because of forgotten seeds than being hacked. So I guess depends on your definition of secure.

If you store your seed phrases in a proper place, you'll always be able to regain access to your wallets.

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15 hours ago, killamch89 said:

If you store your seed phrases in a proper place, you'll always be able to regain access to your wallets.

But not always secure. At times the old ways are better right 😛

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