Re: Would you buy a hardware wallet?

Hi all,

I am doing some research for a Bitcoin company that is interested with developing a hardware wallet to see if it has a viable market. Trezor has some traction, but perhaps only in the existing Bitcoin community. With things like Multi-sig popping up everywhere, do you think this negates some of the pressing need for Hardware wallets? Interested to hear your thoughts.

Hardware wallet is best if you want to store your coins safely but unless someone has more than 5-10 bitcoins,buying a hardware wallet is not feasible

There are some potential risks if you buy a hardware wallet, such as losing it or even someone stole it.

Both online and hardware wallet have potential risk of losing your bitcoin into it. Just put up to your mind the most important things to consider to be kept on a safe place like passwords,keys so that incase your account would be lost you can retrieve it.

But to be hoenst at least about hardware wallets you can ensure that they do not become hacked and you have more control

you have a point but remember hardware wallet have also risk on losing your bitcoins it might be lost or corrupted and theres nothing you can do about it. Agree you have your control on your bitcoin when its in a hardware wallet just make it sure that it is kept in a secure place.

That could be happen if you are lame enough upon handling your hardwares but if you really placed it on secured area well you can make sure your btc is safe but those hard wallets are for people who holds lots of thousand,millions of btc or company that needed to be secured their btc since it was an ideal place for them where they can kept securely their btc and i think blockchain wallet is enough for people who do regular daily transaction.

Hardware wallet would be very useful for those who hold large amounts of bitcoins as you also said, they can keep them in a secure place without any harm to those coins. For me having a huge amount in online wallet would be risky i guess rahter than putting up in on a hardware wallet.

Lol but it's very easy for you to losing it , like you saving your btc into hardware wallets like flash disk and that is very small and can disappearing at anytime

You can lose your hardware wallet if you are careless and didnt even aware of the risk of losing it. If your a wise person and you put importance in your money for sure you would put it in a safe place that no one knows and with that you can sleep comfortably without worrying anything about your bitcoins.

But for buying a hardware just like waste your money because if you already have a desktop for your and you can use that to save your bitcoin and become your personal wallet and especially for using offline wallet can make your amount is more secure and why you need to buy the hardware wallet?

You can choose if you want to store your bitcoin in hardware or on your pc itself but still there are risk also when you intend to store those bitcoins on a pc wallet because it might be got virus or crashed, you will not know what would happen the future. All have risk to lose those bitcoins if you dont pay attention into it.

All of wallets have risk even if its trezor or web wallet the only thing matters their is how could thr owner handles his wallet and what is his doings to mae it more secured, but for big holders well it is very advisable to use trezor since web wallets got some bad issues if their users got huge stored balance on their web wallet applications.

True, using trezor would be advisable if you hold large amounts of bitcoin because it is somehow safe to store compared to web wallets because the risk on online wallets is high compared to trezor in my own view but it really depends on a person on how he handles of his money.