4 ms·

How reliable are hardware wallets? Seems like there significant risk of them either being cheaply made or backdoored.

• landemva 4y ago
  For cold storage, I think hardware wallets are unnecessary and add risk of the supply chain of that device. Those manufacturers are good at marketing what they sell.
• throwup 4y ago
  If your hardware wallet dies it should be merely an inconvenience, since your seed phrase can be restored to another device. Since it's an open standard, it's even portable between device manufacturers in case one goes out of business. Your second concern is valid - choose a device that's been audited.
  • halflife 4y ago
    By the same companies that audit crypto banks?
    • throwup 4y ago
      No? A hardware security audit is completely different from a company financial audit. Use your head.