Post
Topic
Board Electrum
Re: different address types
by
Z-tight
on 12/06/2024, 16:20:35 UTC
An offline device means to me something like a Trezor..
Trezor is an offline device, hardware wallets are offline devices, however, you can also set up your wallet in an airgapped device, this will give you the same security as a hardware wallet, if you know what you are doing.
How can a transaction be signed on an offline device and why that is needed?
It is needed to sign your tx's offline, because your keys should be permanently offline and never connected to the internet, that way it isn't vulnerable to online attacks. Take note that you can store a small amount of BTC in an online wallet, but the large part of your BTC should be stored offline.