What Is A Hardware Wallet?
A Hardware Wallet is a special type of Bitcoin Wallet which stores the user's private keys in a secure hardware device.
They have major advantages over standard software or hot wallets:
- Private keys are often stored in a protected area of a micro controller, and cannot be transferred out of the device in plain text
- Immune to computer viruses that steal from software wallets
- Can be used securely and interactively, as opposed to a paper wallet which must be imported to software at some point
- Much of the time, the software is open source, allowing a user to validate the entire operation of the deviceWhich Wallet Is The Best?
The answer is the wallet that suits your individual budget, needs and circumstances.
Make a list of the important features, then do lots of research on which Hardware Wallet is right for youWhat Are My Payment Options?
Our payment gateways accept PayPal, Bitcoin & lots of popular crypto coins
When Will My Wallet Arrive?
All approved orders will be dispatched within 48 hours
Australian orders are sent via Australia Post with tracking & signature upon delivery for your protection
International orders are sent via Australia Post or DHL with tracking & signature upon delivery for your protection
If we have any questions regarding your order we will contact you asapWhat Are Recovery Seed Words?
In cryptocurrencies, a recovery seed, is a list of usually 12 or 24 words in a specific order which store all the information needed to recover a wallet.
Keeping the recovery seed private and safe is key for long-term safety of the user's cryptocurrency fundsHow Do I Store My Seed Words?
How you secure your Hardware Wallets seed words will depend on how much cryptocurrency you have stored on your device as well as your budget.
One the most secure methods is to own a Keystone Tablet or Safepal Cypher Board stainless steel back up. These are fire & waterproof and are the perfect solution. Alternatively you can letter punch your seed onto a steel or titanium plate. Then depending on how you feel about banks, either store the Keystone or SafePal or metal plate (with tamper-proof seals) in a safety deposit or a secret secure location of your choice.
A more economical option, is simply a paper and keep it somewhere safe and secure.
It is completely ill advised to store your recovery seed any note taking app, computer, cloud storage, Google Drive, or Dropbox due to the risk of your computer getting hacked and your seed words being stolen.
Purchasing a new USB for the sole purpose of storing your recovery seed is a good idea, but only if you don’t intend to utilize the USB for anything else.
Even so, only store your recovery seed on a USB device after you have another copy stored in another location. USB drives do fail and can be lost.
It’s never a great idea to rely solely on technology for storing crucial and extremely sensitive data.
This information is not intended as financial advice and you should perform your own due diligence to ensure the security of the hardware wallet, recovery words and cryptocurrencies.