3 ms·
Doesn't that defeat the purpose of having soft currency ? Hardware wallets sure can be stolen physically right ? Leaving that chuck of currency useless (if not
by codegladiator 9y ago
Doesn't that defeat the purpose of having soft currency ? Hardware wallets sure can be stolen physically right ? Leaving that chuck of currency useless (if not transferred fraudulently)
- Anderkent 9y agoThink of a hardware wallet as of a credit card. You will have some mechanism protecting it from being used when you're not next to it (password/pin); you will have some cold recovery option if you lose it (like a long passphrase stored in a safe deposit box). But, like a credit card, the send/receive operations are performed on a secure, limited scope system (rather than an easily-compromised PC)
- xorcist 9y agoThat point bears repeating: if you hold a wallet, you are responsible for having backups. It's very valuable data. Either use two or more hardware wallets or keep a paper wallet (a printout of the private keys) in a secure place.