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honest question, what's the benefit of these versus the companies that offer wallets?
This physical storage device is 100% offline storing coins. Can only be stolen of someone comes to your home and takes it.
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Wallets - online, local in your pc. Nothing physically prevents hackers from getting in and taking the wallets. Internet/cloud = hackable, been hacked, and just look up the many services, wallets, etc online that have already been hacked.
Yes, they'll Promise otherwise, will use 2fa security, encryption, etc, but like every online provider from coins to Id to credit to coins, there's been hacks and will be hacks.
....
Now, like anything of value - did you want it online 24/7/365 in an encrypted, 2fa wallet?
Or in your physical hiding location of choice.
Some people are idiots, losing millions in bitcoins (see that fool trying to dig a dump for his) from a physical store. Others can't remember their passwords to recover an online wallet......
Quote from jaggadakku818 [IMG]https://dealquestnow.online/images/misc/backlink.gif[/IMG] :
honest question, what's the benefit of these versus the companies that offer wallets?
This physical storage device is 100% offline storing coins. Can only be stolen of someone comes to your home and takes it.
...
Wallets - online, local in your pc. Nothing physically prevents hackers from getting in and taking the wallets. Internet/cloud = hackable, been hacked, and just look up the many services, wallets, etc online that have already been hacked.
Yes, they'll Promise otherwise, will use 2fa security, encryption, etc, but like every online provider from coins to Id to credit to coins, there's been hacks and will be hacks.
....
Now, like anything of value - did you want it online 24/7/365 in an encrypted, 2fa wallet?
Or in your physical hiding location of choice.
Some people are idiots, losing millions in bitcoins (see that fool trying to dig a dump for his) from a physical store. Others can't remember their passwords to recover an online wallet......
While it doesn't store coins (those are on the blockchain), it stores your private keys and allows you to sign transactions without exposing your keys. Otherwise everything else is correct. As long as nobody gets access to your keys, you should be safe, unless you sign some dubious smart contract that gives away control. That being said, there's a lot of fake ledger software out there that is designed to look like the real thing, but asks you to enter your keys to update your wallet. Then it drains your account. It's one of the mistakes that newbies make, where they download off the microsoft store or something instead of the official webpage. Seems obvious, but there's a few posts a day on the ledger subreddit from those that fall victim.
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The keys come from the device, and you write those down and hide them somewhere.
If the keys are prefilled on a piece of paper, you have a tampered device.
...
Wallets - online, local in your pc. Nothing physically prevents hackers from getting in and taking the wallets. Internet/cloud = hackable, been hacked, and just look up the many services, wallets, etc online that have already been hacked.
Yes, they'll Promise otherwise, will use 2fa security, encryption, etc, but like every online provider from coins to Id to credit to coins, there's been hacks and will be hacks.
....
Now, like anything of value - did you want it online 24/7/365 in an encrypted, 2fa wallet?
Or in your physical hiding location of choice.
Some people are idiots, losing millions in bitcoins (see that fool trying to dig a dump for his) from a physical store. Others can't remember their passwords to recover an online wallet......
honest question, what's the benefit of these versus the companies that offer wallets?
This physical storage device is 100% offline storing coins. Can only be stolen of someone comes to your home and takes it.
...
Wallets - online, local in your pc. Nothing physically prevents hackers from getting in and taking the wallets. Internet/cloud = hackable, been hacked, and just look up the many services, wallets, etc online that have already been hacked.
Yes, they'll Promise otherwise, will use 2fa security, encryption, etc, but like every online provider from coins to Id to credit to coins, there's been hacks and will be hacks.
....
Now, like anything of value - did you want it online 24/7/365 in an encrypted, 2fa wallet?
Or in your physical hiding location of choice.
Some people are idiots, losing millions in bitcoins (see that fool trying to dig a dump for his) from a physical store. Others can't remember their passwords to recover an online wallet......
Leave a Comment