Along with the advantages they bring to their owners, hardware wallets also have disadvantages. In the following, you will get to know the most important of them. Price One of the main disadvantages of hardware wallets is their high price. However, due to their high security, they are considered a very good option for keeping a large amount of digital assets. But if you buy and sell digital currencies on a daily basis, choosing a hardware wallet will not be the right option for you. It is also possible to use hardware wallets that have software. In this case, you will not need other exchanges and wallets to transfer your funds. In this case, you can make your transactions in hardware wallets and thus save money. The complexity of using software wallets has a better user interface than hardware wallets. Because the design of software wallets is usually simple so that it can be used by all users from beginners to professionals. But getting to know how hardware wallets work is time-consuming and we will need additional steps to restore and connect the wallet. The number of currencies that can be supported. Usually, software wallets support more currencies for storage. For example, some software wallets support more than 10,000 currencies and tokens. The need to move and maintain software wallets is similar to an application and can be installed on mobile or desktop. In this case, users anywhere in the world can restore and use the desired wallet on another device just by entering recovery phrases. But hardware wallets are physical and must be with you to access and use them. Otherwise, you cannot access your digital assets on your hardware wallet. They may also be damaged by heat, humidity and impact. Of course, hardware wallets are designed and made completely resistant. However, hardware wallets are more difficult to store and move than software wallets. The risk of losing the physical device. Because hardware wallets are physical, they can be lost at any moment. If something like this happens to your wallet, all your assets will be lost along with the wallet. But if you carry the wallet recovery phrase, you will be able to access all your digital assets by purchasing a new hardware wallet. Also, the lifespan of digital currency wallets is limited to 10-12 years. Of course, things such as electrical fluctuations, parts quality, maintenance conditions, etc. have a great impact on the lifetime of a hardware bag.