Post
Topic
Board Bitcoin Discussion
Re: Thread : HOW TO PROTECT YOURS BITCOIN & ALTCOINS !
by
MinerHQ
on 27/08/2018, 08:05:26 UTC
If you hold less than 1.5/2 BTC , do not buy a ledger wallet or others stuffs like that.

I don't understand this advice. A ledger costs less than $100. I would say if you are holding even a few thousand dollars worth of Bitcoin, especially long-term, then a ledger or other hardware wallet is a good investment.

I bought my Trezor wallet when I had only $200 in crypto - so I guess I was way off base there, huh?
I knew it was going to be a long term hodl and I just felt more comfortable with a secure hardware wallet. Still might have been a bit early given the relatively small amount of crypto it protects, but how can you put a limit on when it is too early and too expensive to be smart and responsible?

Instead of saying should buy only when you reach a certain amount of bitcoin, you can buy if you want to access your bitcoin wallet more frequently then these hardware wallets will be more secure instead of online wallets. Online wallets may not be safe to use for long-term so better to store your coins in hardware wallets if you want to access every day either for trading or gambling or any other reason.

I'm using mostly desktop wallet, paper wallet and online wallets but didn't use any hard wallets yet.