Post
Topic
Board Bitcoin Discussion
Re: They say hardware wallets are the safest
by
BlackHatCoiner
on 04/07/2020, 15:18:29 UTC
@o_e_l_e_o
Quote
Can you explain why you think private keys can easily be stolen? They can only be stolen if you are careless with them, such as backing them up in text files like you suggest in your opening post.
And what bad do encrypted text files have? Like txts in rars. In a PC that no one ever touched you download Winrar and add to archive the csv file of the private keys. You put a very strong password that can remember.

@Darker45
Quote
1. If your hardware wallet stops working, your funds are safe.
2. If your hardware wallet is lost, your funds are safe.
3. If your hardware wallet is stolen, your funds are safe.

All for as long as you still have your seed with you.

So.. Same thing with software wallet? But you have to be careful.

@sunsilk
Quote
You probably don't know that you can import your seed from a hardware wallet to an Electrum wallet. To easily understand it, you can easily connect your wallet from that hardware even if it's broken with the use of Electrum wallet.
And why would you like to import your seed to electrum since you have the strong hardware?  Smiley