Quote from: cryptoamumu on April 25, 2018, 11:38:43 PM

With the recent dns hack of myetherwallet, now would be the time to buy a hardware wallet for people who still don't own one. Two of the popular brands are the ledger nano and trezor. Both average over $100. Even if you own $500 or $1000 worth of coins, during the next bull run, that $1k could turn into $10k and more; and you want to protect your coins.

Your hardware wallet provides you an address for eth, ltc, btc, neo and more. And you can put erc-20 tokens on there too. Here's the list of supported coins on ledger nano: https://www.ledgerwallet.com/cryptocurrencies

Your privates keys are never exposed. You don't even know your own private keys. And every time you send out a transaction, you have to confirm it with a actual button press on the device itself. When you set up your ledger, you will write down recovery phrases. This is how you recover your coins if your device breaks. Your coins are not on the actual device and the device acts more like a key to access your cryptocurrencies.

Q: Do I receive airdrops at my ledgers address?
A: Yes! Think of the ledger address as a MEW address. Only difference is you didn't create it on MEW and you don't know your private key.

Q: Can my coins still be compromised?
A: Yes, if your recovery phrases are ever exposed. Your phrases act like your private keys. I recommend writing them down on paper and storing them in a home safe, underneath your underwear in a drawer or a bank safety deposit box. Don't store them in your email or a notepad on your computer.

That is a very useful advice. It is safe to say that it is the safest way you can protect your total money from professional hackers. I've heard a story about hackers evaporating a guy's 69BTC. and a hardware wallet is a solution.