Post
Topic
Board Wallet software
Merits 3 from 1 user
Re: Which best for long term investment? Hardware wallet or Software wallet .
by
BlackHatCoiner
on 01/03/2023, 15:02:38 UTC
⭐ Merited by hugeblack (3)
They say the opponent of security is complexity. If you're not technically competent, I suggest you buy a peer-reviewed hardware wallet like Trezor, and sleep easy. If you think you're competent enough with software and OSes, and you have a computer spared, make it an airgapped device:
Steps to configure an air-gapped Bitcoin wallet only device.

  • Close your curtains.
  • Download Tails (a privacy and security focused Linux distro)
  • Verify the binaries <- Important step, you need to ensure the integrity of the OS. Do it on a clean environment.
  • Burn the OS image to a USB.
  • Take the device and physically remove any Wi-Fi antennas (and obviously, Ethernet cables if any).
  • Plug the USB to that device, and start up.

You can see that Electrum comes pre-installed. The device will not connect in any network. It's also recommended to encrypt the electrum part of the USB (as shown in the Tails start screen), in case someone gains access to the USB.