After reading this forum I've seen more than one situation as you have gone through. Electrum is on my computer and I would transfer my coins to it. But since my computer is connected to the internet does that make Electrum less than safe?
Ledger Nano S or Trezor would be totally separated from hacking. That type of hardware might be the way to go. Your thoughts?
Ledger Nano S or Trezor would be totally separated from hacking. That type of hardware might be the way to go. Your thoughts?
it makes the wallet less safe not less than safe
we call it hot wallet, and it is best not to keep large amounts in it. try to keep what you spend in the hot wallet and keep the rest in cold storage.
you can read this about cold storage: http://docs.electrum.org/en/latest/coldstorage.html
and the risk is that your computer can get infected with a malware and you can lose your funds. but cold storage since it is never connected to outside world can not be infected by anything so the funds are safe (if you make a proper cold storage of course).
i am not using any hardware wallet to comment on it but they are easier to use and are safe as cold storage.