Post
Topic
Board Bitcoin Discussion
Re: My First Wallet.
by
Z-tight
on 27/07/2023, 14:48:28 UTC
The amount of bitcoins I have can be safely stored in a software wallet.  However, software wallets are very risky. I think you won't have any trouble using it.  I am thinking of ordering one very soon. thanks for sharing this here op. congratulations for your first purchase a hardware wallet
Software wallets that are run online are risky and prone to being hacked, but a software wallet can be as safe as a hardware wallet if the keys and seed phrase are generated and stored in a completely air-gapped device. If the device is never going to be connected to the internet, then it is safe to store your funds in them.
But now for those of you who are well experienced with this two wallet, and maybe ledger included, which of this is the best aside one being more expensive than the other? asking this because i know that for some products, being expensive does not necessarily mean they are the best.
Safepal and Ledger are not recommended hardware wallets, Safepal is closed source and has many other flaws, while Ledger is now a mess because of the new Ledger recovery service. Trezor as well is adding CoinJoin to the services they offer, but they are using Wasabi for their CoinJoin, which works with a blockchain analysis company to blacklist certain UTXO for reasons that only them know of, so i may not recommend any of this three wallets. But for open source hardware wallets options, check this topic: https://bitcointalk.org/index.php?topic=5288971.0