Hardware Wallets - How to choose?

[WizardOfig]

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..

[samasha12]

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

[WizardOfig]

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..

[Sucan1996]

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Regarding your concern about outdated hardware wallets, it is true that some hardware wallets are no longer supported by the manufacturer.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.