2 ms·
The issue with hardware wallets that make them significantly risky is if you are storing wallets that contain any substantial amount of assets then it as risky
by encryptluks2 4y ago
The issue with hardware wallets that make them significantly risky is if you are storing wallets that contain any substantial amount of assets then it as risky as storing large sums of money in your house. If you lose that, it gets corrupted or destroyed then you've just lost those assets.
There are pros and cons vs having a password-protected file that you can at least backup to whatever devices you decide.
- JonathanBeuys 4y agoThat's not the issue. You can destroy the hardware wallet. All you need to keep is the seed phrase. The issue is that the hardware wallet could be malicious. A malicious hardware wallet has multiple ways to put your funds at risk.
- smeej 4y agoMulsitig fixes this.