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Hardware or software cryptocurrency wallet?

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    Hardware or software cryptocurrency wallet?

    If you have ever invested in cryptocurrency, you are definitely going to be very familiar with what a wallet is because it's more of a bank for keeping your cryptocurrency.

    Now, we have hardware cryptocurrency wallet and software cryptocurrency wallet. Each of these wallets have its advantages and disadvantages but it's all up to the cryptocurrency holder to decide the best one to use for keeping his or her digital currencies.

    Which one do you prefer between hardware and software cryptocurrency wallet?

    #2
    I think it is safer to invest on hardware mining because you automatically get what you mine. while on software mining it is the company or other people holds the cryptocurrency that you are mining. you need to withdraw it before you can get what you mine.

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      #3
      The two has their own disadvantage and advantage. Hardware wallet are convenient when you want to withdraw your earnings and also you have the assurance that it's safe with you. The only disadvantage is that you are responsible if something happen to it, like what if you suddenly broke the device and there is no assurance that it will be fix. It's okay if it is reparable but what if it's not, you can loss all your crypto. Software wallet are nice way to store our earnings but we should first research reputable site to store them since a lot of scammer are their. The downside of this is you can receive your crypto for days after withdrawal etc. But for me I would prefer the hardware one, it's a bit pricey but convenient to use.

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        #4
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          #5
          Originally posted by Martinsx View Post
          If you have ever invested in cryptocurrency, you are definitely going to be very familiar with what a wallet is because it's more of a bank for keeping your cryptocurrency.

          Now, we have hardware cryptocurrency wallet and software cryptocurrency wallet. Each of these wallets have its advantages and disadvantages but it's all up to the cryptocurrency holder to decide the best one to use for keeping his or her digital currencies.

          Which one do you prefer between hardware and software cryptocurrency wallet?
          If I'm very serious about cryptocurrency and have a lot of it, I would choose hardware wallet over software wallet. That is a hardware wallet is a type of “cold” storage wallet that allows you to store your funds on a device (often a USB). Hardware wallets generate their own private key (that even you don’t see) and store it right on the device. The beauty of hardware wallets is that, using pin access, they can connect to your computer and internet to allow you to easily exchange and manage your assets. However, when you are done managing your funds, you can disconnect your wallet from the internet and store it in a physically safe location – making your private keys off-limits to cyber hackers.

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            #6
            I would choose hardware wallet, it's more secured I guess?

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