Post
Topic
Board Bitcoin Discussion
Re: My First Wallet.
by
laurenB7742
on 29/07/2023, 02:37:57 UTC
Nice op. I'm interested in buying a hardware wallet but haven't bought it yet because I don't have a large amount of money to store. 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

Maybe you can take this as a advantage to learn and know the kind of hardware wallet you should go for when the times comes for you to purchase one, my advice for you is not to buy a ledger brand hardware wallet, instead you can go for Trezor or any other brand, using hardware is not as risky as some other storage alternatives that are hot wallets, you only need to give a maintenance to how you handle a hardware wallet against any form of damage.

Perhaps hardware wallets are still the safest option for us, but it cannot be said that they are risk-free. I remember Ledger wallet used to be considered the most popular and secure until they announced the Ledger Recover feature, and it caused potential concern that they really weren't storing people's seed phrases? For me, as long as these devices are manufactured and managed under one centralized company, there will be risks that we do not anticipate.