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Hardware wallet for cryptocurrency

One of the safest options for storing cryptocurrency is a hardware wallet. It is a digital device, similar to a flash drive or a small smartphone. To conduct a transaction, it needs to be connected to a PC through USB, after which you’ll need to enter a PIN-code. Usually there are several protective keys.

Experts agree that the hardware wallet optimally combines high security requirements and ease of use. This software is installed by the manufacturer or user by downloading the software from the official website.

For the moment, some wallets have proven their worth better than the others:

  • Ledger Nano S;
  • Ledger Blue;
  • Trezor.

Private keys are stored separately from the vulnerable online devices. Operations with them are carried out inside the hardware wallet, which guarantees their security even if the PC is hacked.

In case the device is lost or stolen, an unauthorized person will not be able to use it because the personal PIN-lock is triggered. And you will always have a chance to restore access by using a seed-phrase of 24 words.

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