Jump to content

Hardware Wallets - How to choose?


Recommended Posts

Hello everyone,

Im thinking about getting a hardware wallet, i'm looking at the list of hardware wallets at bitculator.com

However i find it kinda hard to decide which one to purchase...

Ledger seem to be the most popular and most supported? however they got into some problems recently with their recovery seed phrase functionality.

Then there is Trezor which seem to be almost as populair, however it has a weakness in its hardware built as it does not have a secure chip and therefore its possible to extract the assets if you steal the hardware wallet?

Then there are all of these air gapped wallets, they seem most secure but also they are less supported and has less features..

What made people choose whatever hardware wallet they choosed, how to decide?

Another concern is if a wallet is deprecated, ive read that two of the ledger nano's are no longer supported so you cant actually use them anymore which to me just seem incredible stupid..

Link to comment

I recently purchased the Ledger Nano X and it's an extremely slick device, so far I've moved over ETH, BTC and SOL which transferred within minutes. Really secure device and I'm happy with it from a features and capabilities perspective. You make a good point about being discontinued, I'm not sure on the estimated life of the device, it does have a battery inside which doesn't look easily replaceable, so probably potentially same life span as a cheap phone 3 to 5 years at a push maybe

Link to comment
  • 2 months later...
On 13/07/2023 at 23:44, samasha12 said:

I recently purchased the Ledger Nano X and it's an extremely slick device, so far I've moved over ETH, BTC and SOL which transferred within minutes. Really secure device and I'm happy with it from a features and capabilities perspective. You make a good point about being discontinued, I'm not sure on the estimated life of the device, it does have a battery inside which doesn't look easily replaceable, so probably potentially same life span as a cheap phone 3 to 5 years at a push maybe

Thats a nice wallet too, im checking this list of hardware wallets however, i cant decide if it should be air gapped or a ledger type..

Link to comment

When choosing a hardware wallet, it is important to consider your individual needs and preferences. There is no one-size-fits-all solution.

Regarding your concern about outdated hardware wallets, it is true that some hardware wallets are no longer supported by the manufacturer. This can happen for various reasons, such as security vulnerabilities or changes in the cryptocurrency ecosystem. However, it is important to note that even legacy hardware wallets can still be used to store cryptocurrencies. The main difference is that you will not be able to receive updates or support from the manufacturer.

If you are concerned about your hardware wallet becoming outdated, you should choose a well-established manufacturer with a good track record of supporting their products. You should also regularly update your firmware and regularly back up your recovery seed phrase.

I find out all the most useful information about the best crypto wallets and payment systems with the help of best crypto payment gateways.

I hope my answer helps you.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • I've always found the idea of combining Web3 and real estate intriguing. Now, with Parcl Protocol from Parcl Labs, that curiosity is becoming tangible. This platform offers a new approach to investing in real estate prices from cities like Miami Beach and New York, using current price data. What makes Parcl unique is its emphasis on decentralized real estate trading. It enables the buying and selling of real estate assets anytime, anywhere, through a decentralized exchange.If you are holding PRCL their native token you can  participate in governing the Protocol. Plus, there are perks like Perpetual Network Incentives, offering extra benefits to users. The numbers tell an impressive story: Parcl Protocol is a notable DeFi app in the Solana ecosystem, with over $180M+ locked in. In a short span, it has facilitated trades of over 2.1M square feet of real estate exposure, equivalent to 1,400+ properties.The total traded volume? A significant $940M+.with tokens listing on exchanges like Bitget, the platform's reach and potential only continue to grow, Could Parcl be a game-changer in real estate? (Edited)
    • Calling all crypto traders! Gear up for an epic month of rewards with Bitget’s April Trading: Chase the 1 BTC Halving Treasure campaign. Uncover hidden riches across three exciting activities.   Ready to embark on your treasure hunt? Start trading here:https://www.bitget.com/register Campaign Period: Throughout April (specific dates may apply for each activity, see details on Bitget website) Don’t miss out on this chance to win big with Bitget’s April Trading campaign
    • Parcl Labs' decentralized perpetuals exchange, Parcl (PRCL), has carved a unique niche in the DeFi space. Focused on real estate synthetics, Parcl allows users to gain exposure to the price movements of real-world cities like Miami Beach and New York through cutting-edge, real-time price feeds. This innovative approach has propelled Parcl to the top spot in terms of Total Value Locked (TVL) within the Solana ecosystem, exceeding a staggering $180 million. Parcl's success is further demonstrated by the impressive activity on its V3 exchange. Within a few short months, users have facilitated the trading of over 2.1 million square feet of notional real estate exposure, equivalent to over 1,400 physical properties. The total notional volume traded on V3 to date surpasses a remarkable $940 million. Additionally, the PRCL token itself is listed on the Bitget exchange, providing further accessibility and potential for the project.
×
×
  • Create New...
us