Post
Topic
Board Beginners & Help
Re: Spending extra to keep my assets out of trouble
by
Outhue
on 25/03/2024, 09:03:47 UTC
What about someone who has binance wallet and trust wallet is there still need for hardware wallet?

Maybe some people won't like it, but a hardware wallet (not even the best one) is not an absolute solution for safe storage of our coins (private keys) if we don't use that same hardware wallet the way we should.

I will ask a simple question - is someone's Bitcoin safer on a centralized exchange if we take into account that the person knows what phishing is and keeps his access data offline, or is someone's Bitcoin safer if he has a hardware wallet whose backup is saved to e-mail, in the cloud or as plain text on a computer?
I believe that a trust wallet is good for someone who can't go on for a week without spending some coins online or making some transactions, and a hardware wallet is good for someone who want to keep their coins offline for a long period of time.

Trust wallet is always online, including all other mobile crypto wallets, and I believe that been online all the time makes them less secured, but you are right that it is all about the user.

If a user of hardware wallet choose to his or her private key online something really bad will eventually happen, there is no point buying something without knowing how to properly use it, that's why we have this forum and even online research will teach how to use hardware wallet the right way.