cryptocurrency forum

Online Wallets And Hardware Wallets

Discussion in 'Intermediate Level' started by hasyu, Apr 10, 2018.

  1. hasyu

    hasyu Contributor

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    Online wallets offer better convenience. You can generally access your Bitcoin from any device i.e, cellphone laptop TAB if you have the right passwords. All are easy to set up. The disadvantage is the lower in security. With your private keys stored in the cloud, you have to trust the host's security measures.


    Hardware wallets
    are small devices that occasionally connect to the web to do crypto-currency transactions. They are extremely secure than online wallets, as they are usually offline and therefore not hack able by hackers. However, they can be stolen or lost thats the disadvantage. Some large investors keep their hardware wallets in secure locations such as bank vaults and safes.
     
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  2. Jayko

    Jayko Scholar

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    Yeah, I've used both types of wallets, and in my opinion, online can be more useful at times.
     
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  3. xyzzy

    xyzzy Master of None Staff Member Super Admin

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    They're definitely more convenient, that's for sure!
     
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  4. profitboss

    profitboss Beginner

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    I use offline and online for certain things. I tend to store most offline in a trezor or paper wallet.
     
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