Hardware wallets: Keeping Bitcoin and other cryptocurrencies safe
“Not your keys, not your coins!” This is the principle of hardware wallets, which are becoming increasingly popular among cryptocurrency owners. By storing the necessary key for the coins offline, hardware wallets protect against hackers and dodgy exchanges.
Many owners of cryptocurrencies are often surprisingly careless with their capital. Cryptocoins worth hundreds, thousands or even tens of thousands of euros are stored on the PC or even worse, on the mobile phone in some wallet. Anyone who at some point is seriously surprised that their crypto assets have disappeared must be very naive.
Bitcoin itself is a very secure concept thanks to the distributed blockchain. However, the blockchain or Bitcoin can’t help it if users fall for really stupid tricks, such as scams promising a return on investment from Elon Musk or other celebrities. Parking the coins in a trading exchange is also not exactly the safest solution. Anyone who has been in the crypto world for a long time has already experienced countless bankruptcies and hacks from many exchanges.
A hardware wallet is a special device that allows the user to safely store the necessary key for the coins offline. We took a closer look at some of the most popular options on the market, including the Shift Crypto BitBox2, the Trezor Model T, and the Ellipal Titan Mini. Ledger, another popular hardware wallet brand, is currently experiencing delivery problems and was unable or unwilling to send us a device for review.
By using a hardware wallet, cryptocurrency owners can ensure that their assets are safe and secure. These devices are essential for anyone who takes the security of their investments seriously.
In conclusion, hardware wallets are vital tools for anyone who wants to protect their cryptocurrency investments against hackers and other security risks. By keeping your keys offline, you can rest assured that your assets are safe, even if your computer or phone is compromised. If you’re serious about keeping your Bitcoin and other cryptocurrencies secure, a hardware wallet is definitely worth considering.
