I would have to argue with you on that. A software wallet is just not going to be as secure as a Trezor or Ledger (personally I like Trezor more because they require no identifying information for making a wallet on Trezor, Ledger asks for an email address). Even if you are tech savvy enough to program your own software wallet, you may leave vulnerabilities in your software and you you have to keep the software up to date with upgrades happening on your cryptocurrencies.
These hardware wallets have been audited several times by prominent tech companies. The only way to take someones funds on a hardware wallet is to physically take their hardware wallet and computer they use to make transactions (unless they know the hardware wallet seed words which would never be typed in on a computer in the first place).
People think of wallets as active entities. They are literally a public and private key pair and a mneumonic. Once you send your cryptos to that address, it does not have to exist anywhere digitally.
I would have to argue with you on that. A software wallet is just not going to be as secure as a Trezor or Ledger (personally I like Trezor more because they require no identifying information for making a wallet on Trezor, Ledger asks for an email address). Even if you are tech savvy enough to program your own software wallet, you may leave vulnerabilities in your software and you you have to keep the software up to date with upgrades happening on your cryptocurrencies.
These hardware wallets have been audited several times by prominent tech companies. The only way to take someones funds on a hardware wallet is to physically take their hardware wallet and computer they use to make transactions (unless they know the hardware wallet seed words which would never be typed in on a computer in the first place).
I hardware wallet for me
Haha I love your username!
People think of wallets as active entities. They are literally a public and private key pair and a mneumonic. Once you send your cryptos to that address, it does not have to exist anywhere digitally.
https://greatawakening.win/p/141FOYBPNp/x/c/4OTNVab3FfE
I know these kind of tech companies too well and the kind of people who run them, I will never trust my savings with them.
Do you have any good links/resources for introducing people to setting up a paper wallet?
I will try and put together something
Yes please, sounds useful
Thank you so much! 🙏 Many people including myself on here would greatly appreciate it!