Post
Topic
Board Wallet software
Re: Wallets that don't require identity verification
by
Stalker22
on 06/07/2021, 14:12:16 UTC
If I were to suggest an amount of Bitcoin you're holding starting from which purchasing a Trezor is worth it, it would probably be $500.
... Otherwise I don't think there is any threshold for how much bitcoin you own before you buy one of these hardware wallets.
I would have to agree with this. There is no threshold.

When I first started looking at hardware wallets 5 or so years ago... I was also of the impression that it was a bit pointless spending $60 on a device if I only had $50 worth of Bitcoin... and then Bitcoin went from $500 to $20000 Tongue

Being properly prepared and setting yourself up properly to start with is a much better idea than suddenly worrying about having potentially life changing sums of money secured by a password on your desktop PC... which you also use for browsing the web, watching netflix/porn and playing games etc.

Or stuck in some shitty web wallet Tongue


Oh yes, there is definitely a threshold. If you are just starting out, you probably have nothing worth keeping in a hardware wallet.
It's not that I'm against hardware wallets, I'm just saying that for beginners, any respectable software version of the wallet or mobile application is probably sufficient. Isn't that better than keeping coins on an exchange? Yet many people do exactly that.