Post
Topic
Board Bitcoin Discussion
Re: They say hardware wallets are the safest
by
tygeade
on 23/12/2021, 21:34:39 UTC
Why do they say that? Correct me if I'm wrong. Isn't, hardware wallet, a hardware like usb, that generates private keys without being online on the internet?

Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.

Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.
Well, you can’t have 100% of everything. When it comes to being safe, hardware wallets are very safe than other type of wallets that you are going to see. When your money is stored in a hardware wallet there is no way that it would be hacked easily As they would other wallets. The only disadvantage is that when you lose it your coins are gone, and that is why I said that you can’t have 100% of everything.

Everything that has an advantage is always going to have the bad part of it. It’s just up to you to be aware of those disadvantages, and be careful and try to avoid them as much as possible. Personally I’ve not used a hardware wallet, and have never had any issues at all.