Hardware wallets are as good as the companies behind it. Unless every byte in their firmware is open sourced, its not secure.
The only secure way is to generate the private key on your own, running on a computer that is not connected to an internet (and will never connect to an internet), and using the wallet based on that key to store your cryptos.
It is not enough to just generate the keys offline. The device used to generate the keys should never be connected to Internet except when you are ready to empty the wallet.
Well that is Trezor. Have you ever looked at Trezor? It only interacts with Trezor Suite and doesn't go online unless doing some kind of transaction.
The password and pin can only be input on the device.
A password scrambles the keys even more adding another layer of complexity. Even if somebody had the device if they don't have your password they'll find nothing.
I agree, hardware wallets are best. Notably Trezor wallet whose code is open source and audited.
I disagree.
Hardware wallets are as good as the companies behind it. Unless every byte in their firmware is open sourced, its not secure.
The only secure way is to generate the private key on your own, running on a computer that is not connected to an internet (and will never connect to an internet), and using the wallet based on that key to store your cryptos.
Which is exactly why I think Trezor Hardware wallet is the best wallet to get.
It is open sourced and you can generate keys offline.
It is not enough to just generate the keys offline. The device used to generate the keys should never be connected to Internet except when you are ready to empty the wallet.
Well that is Trezor. Have you ever looked at Trezor? It only interacts with Trezor Suite and doesn't go online unless doing some kind of transaction.
The password and pin can only be input on the device.
A password scrambles the keys even more adding another layer of complexity. Even if somebody had the device if they don't have your password they'll find nothing.