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Do you think hardware wallet is more secured than the software type??


Sincerem
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WHAT IS HARDWARE CRYPTO WALLET?

Hardware crypto wallet is also known as cold water wallet. It is built aside from the digital space, it is built like an electronic device to store your encrypted coins securely. 

 

With the hardware wallet, you can save and manage Cryptocurrency on your own without moving over to Binance, trust-wallet, Coinbase, Luno etc, creating an account to store your own coin. You're simply the sole owner of the wallet, it is stored in a cold condition, that's why it is not easily hacked since it isn't noticeable like the hot water wallet (digital wallet) types. 

 

IS HARDWARE WALLET SAFE FOR STORING DIGITAL COINS?

Yes, it is safer, since you don't need to go elsewhere to store your hard earned coins, you save within the comfort of your home using your own hardware wallet to lock your coins securely. It brings more security than the usual software wallet that is prone to phishing attempts.  

 

WHICH OPTION DO YOU PREFER??

To me if I have the required finance, and need security for my coins I'll simply seek the hardware wallet option. 

 

 


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josemendez
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Hardware wallets are very much secured cryptocurrency wallet because of their nature. They are not accessible to scammers if they are not made hot ( connected to the internet ).  Online wallet may be secured if it is Decentralized wallet with private keys but the probability of being hacked is still there as the private keys can be accessed by malwares that can be downloaded through other applications. Losing the private key will also mean losing the wallet. 

Hardware wallet on the other hand has it's own flaws , losing the device means losing the wallet because there is no other way to recover it. 

As for me , I will prefer online wallets because I have some security measures that will help safeguard it. 


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BrolySSJ
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Hardware wallets are designed by their nature in order to be more secure and to have a better system than the software wallets, and I do believe that they are more secure. However, with the advancement in hacking, it is important to understand that while the security may be higher on a hardware wallet, it is not able to offer you complete security. Nevertheless, it is a better option than a software wallet, however i feel that if you take all the measures with a software wallet that you can limit the risk to your funds quite substantially, and could potentially even eliminate the need for a hardware wallet, unless you have coins that are considering you in a whale sort of investor. 


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Sincerem
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Posted by: @josemendez

Hardware wallets are very much secured cryptocurrency wallet because of their nature. They are not accessible to scammers if they are not made hot ( connected to the internet ).  Online wallet may be secured if it is Decentralized wallet with private keys but the probability of being hacked is still there as the private keys can be accessed by malwares that can be downloaded through other applications. Losing the private key will also mean losing the wallet. 

Hardware wallet on the other hand has it's own flaws , losing the device means losing the wallet because there is no other way to recover it. 

As for me , I will prefer online wallets because I have some security measures that will help safeguard it. 

To me hardware wallet (cold water) is better off. Cos you won't be affected when malware attach occurs to the software wallet crypto owners. It can't be found missing easily dear. You bought it newly, and it comes with guarantee. Since you aren't carry it outside, its living indoors, and criminals won't know you have such, even though they noticed, not everyone can recognise about the hardware wallet. 


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ahmedo24
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Hardware wallet has numerous advantages especially the high level of security it has because that is the greatest challenge that is being faced in the cryptocurrency market at the moment where are cars easily hack into exchange platforms and wallet are still people's coin but with hardware wallet you are safe reasonably. The only challenge is I said bit expensive so only those who have significant amount of coins can afford it.


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Sincerem
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Posted by: @brolyssj

Hardware wallets are designed by their nature in order to be more secure and to have a better system than the software wallets, and I do believe that they are more secure. However, with the advancement in hacking, it is important to understand that while the security may be higher on a hardware wallet, it is not able to offer you complete security. Nevertheless, it is a better option than a software wallet, however i feel that if you take all the measures with a software wallet that you can limit the risk to your funds quite substantially, and could potentially even eliminate the need for a hardware wallet, unless you have coins that are considering you in a whale sort of investor. 

What you said BrolyssJ is true. Of one feels that he needs security, feeling like a whale then such person can consider the hard ware wallet for some sort of peaceful nature, and secure his or her coins at the comfort of his home. But software wallets are secured too, ever since I've heard about coinbase, I never heard about it being hacked. Coinbase and Binance are super secured to me. 


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Great-Boy
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Hardware wallets are more secure as compared to software wallets. However, this does not mean that they are completely secure. In the year 2020, many people lost cryptocurrencies which they stored in their hardware wallets. I think hardware wallets are hacked only when they are connected to computers that are infected with some malicious software like some kind of spyware. In order to get rid of such kind of spywares, people should run anti-spyware softwares.


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