Hardware Wallets are a type of cryptocurrency wallet where the user’s private keys are safely stored in a secure hardware device. These devices are considered cold wallets, as they do not connect to the internet.
Why a hardware wallet?
Ever had an issue with passwords? Yes? Well, that is you and the rest of the world. It is a security issue we do not seem to get the hang of, although we deal with it almost hourly in some cases.
Along comes cryptocurrency and the security requirements are even more complicated. Enter, hardware wallets. Their core purpose, is to simplify the complex cybersecurity security issues without increasing risk.
One of the ways they achieve this is to remove your private keys from access by the network where the cryptocurrency exists.
- More secure than a software wallet or cloud wallet.
- You must have physical access to the wallet to operate.
14 of the most common hardware wallet makers.