Quote from: NotATether on Today at 12:08:07 PM

Quote from: bitmover on February 05, 2024, 05:29:23 PM

Quote from: Crypt0Gore on February 05, 2024, 05:07:58 PM

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

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.

I quite don't get the idea of OP using past tense words in his sentence being related to his point of view that hardware wallets are more secured. My analogy with this is , online platforms are convenient to access and same thing goes with hackers. Everything in online especially wallets or accounts are prone to be hacked, if bad people will be given a chance. Including devices as threat, malwares and phising sites are troubles you wouldn't wish to encounter. What's best is to maximize the security of wallets as much as possible. At least hardware wallets will be only prone of owner's negligence which could be easy to change for the better. If you value the amount then there's no need to save a few amount; better to save what you are storing. The more you want to save a few money, the more you are exposing yourself with loss, as evident with mentioned instances.