Post
Topic
Board Bitcoin Discussion
Re: It's stupidity to have thousands in Bitcoin using a software wallet
by
NotATether
on 22/02/2024, 12:08:07 UTC
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?

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...

OP is talking in the past tense so of course they believe that hardware wallets are more secure than software wallets now Smiley

Anyway, sorry for your loss OP, but this is how you learn. Never ever store your bitcoins on a custodial platform. Custodial = does not give you a seed phrase.

It is just not worth it, I mean there are so many people lined up who are waiting to steal your money, that you can't get back since it is decentralized.