Hardware wallet

in crypto •  6 years ago 

People involved in crypto currency market are always curious and searching the web for securing their crypto but 80% people leave their crypto on the exchange thinking that the coins are safe but to be true if you are leaving the cryptos on the exchange or leaving them on the ewallets is High risky because its like storing your money in others wallets and you can't trust any exchange because for sure they will try their best for securing funds but it's still good to take your money in your pockets(Wallets) exchange will take good steps to secure your crypto but their may be some loop holes who knows so it's best to withdrawal you're crypto's to your hardware wallet one of them is (Ledger Nano S) specially people having large volume hardware wallet is highly secure than other wallets in the markets
Specially then the software wallet, ewallets and other wallets
Advantages(Hardware wallets) eg- Ledger Nano S

They have major advantages over standard software wallets:

private keys are often stored in a protected area of a microcontroller, and cannot be transferred out of the device in plaintext

immune to computer viruses that steal from software wallets

can be used securely and interactively, as opposed to a paper wallet which must be imported to software at some point

Other coins are supported other than BTC like Eth,XRP ,others too

***if you're wallet gets Stolen,or stops working don't worry your coins are still safe just buy new hardware wallet and enter your private key you created fist time when you configured your new device ***

security updates are released by company on regular interval

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Their are many other hardware wallets I will suggest you to** buy **them from their official company highly recommend not from online retailers you should be thinking why as they may do some alterations
People buy from other sites because they get some discount but it can harm you Friend's so always try to buy them officially it's safe as you will be sure it's not been used or resold or opened or manipulated

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