Quote from: TryNinja on March 25, 2019, 05:21:21 PM

Its like having a key to your house. If you lose/dispose it, you dont lose your house. You can just use your backup key to unlock the door.

Thank you for that explanation and analogy. I am just getting interested in hardware wallets and don't fully understand them yet, and I am bewildered by how many are on the market too.

Quote from: HCP on April 05, 2019, 10:36:27 AM

(excellence)

If I had another merit to give, you would have it for your post. That was very helpful.

I'm still not sure if I truly need a hardware wallet, as I haven't had any issues with Electrum and keeping my seed phrases safe, but there is something elegant and simple in the designs of some of these hardware wallets and I really want to get one. It is nice to hear an explanation of some of the security stuff beforehand, so thank you for that.