Why hardware wallets are more secure?
If you are not familiar with hardware wallets you may be curious what the advantages versus other wallets are.
The main principle behind hardware wallets is full isolation between the private keys and the online environment.
Smartphones and PCs are Vulnerable to hacking and if other party gets access to your private keys they can easily steal your bitcoins and alts.
Why not just use a paper wallet?
A paper wallet may be secure but when you want to use your funds you need to import your private keys to your computer so you lost the isolation advantage.
A hardware wallet backed by a paper wallet is the best solution for keeping your coins safe. The paper copy is used only as a recovery in case of loss.
If you have any significant amount of bitcoins, using a hardware wallet should be the only choice.
here is a list of the most popular hardware wallets in the market:
TREZOR (lunched on August 2014) was the first Bitcoin hardware wallet that offered secure cold storage plus the ability to spend coins with the convenience of a hot wallet. Click here to read the full review.
Keepkey is a good quality hardware wallet with a 2nd screen protection same as TREZOR and Ledger. KeepKey supports 40 different coins and tokes – less than the competition. It Is compatible with software wallets like MyCelium.
For its price tag Bitbox is a good hardware wallet. It has a nice user interface and its easy to use. The main drawback is the fact that it only holds three types of cryptocurrencies: Bitcoin, Ethereum and Litecoin.