Post
Topic
Board Bitcoin Discussion
Re: It's stupidity to have thousands in Bitcoin using a software wallet
by
Crypt0Gore
on 06/02/2024, 13:58:07 UTC
If I choose to spend that money that was hard for me to spend on a hardware wallet then I would have safe myself from some losses.

It's easier to find the definition of Bitcoin online at the time but it's a bit complex to know out of the box that there is something called cold wallet or custodial wallet, it was confusing to me, so I just visit google for answer and yes Legder and Trezor are always the first, instead I went on google play store for bitcoin wallet, I mean, why spend dollars on a hardware wallet when a software wallet can do the same?

This was how I found FreeWallet, I use this to store some Bitcoin, it was easier for me because it required only email login and password, I stumbled on some that ask me to write down recovery seed but it was stressful for me, stupid me, since Free wallet sync with my email I thought that's all that matters and I lost it all, can't log into my account anymore, as if Freewallet swapped my password and log in info.

You are talking non sense.

Unless you are very experienced in cyber security,  there is no way you could have the same level of security using a software wallet and a hardware wallet.

A hardware wallet gemerates your seed in an airgapped environment , 99.9999% secure. You can even plug your device in an infect computer and your coins will be safe. Unless if you do some mistake like phising etc...

I guess you are already feeling asleep when you read my post.

There is no where that I claim that it's possible to have the same level of security using software wallet just like a hardware wallet.

I only shared my old thought about how I felt about software wallet before learning that they are not all secured, I couldn't tell the difference between a closed source and a open source crypto wallet.

I only shared my old mistakes, it was a nonsense back then, it's something that any newbie or beginner can do, but today I don't keep coins in a software wallet, Electrum is a safe one, fully open source, but I choose to go hardware wallet because of the amount of Bitcoin I am holding, I feel at ease holding my bitcoin in a hardware wallet.