Hardware or Software Bitcoin Wallet?

Hardware or Software Bitcoin Wallet?
Since the introduction of cryptocurrency - Bitcoin in 2009 to the world, one main thing that came with is wallet which serves as an equivalent online bank account for your cryptocurrency which allows you to spend it or send to anyone around the world. Now there are Hardware Bitcoin wallet and Software Bitcoin wallet. They both offer the same services but people always have a preference.

Which would you prefer to use between Hardware and Software Bitcoin Wallet? What are your reasons for your choice?


I am using Exodus which is both cloud and software based wallet. And it is working out just fine for me. It's safe if you ask me as the money stays on my desktop. And also it shows the updates on the cloud. So it's not that bad if you ask me. As long as I have some sort of backup there. It works just fine.I'd however recommend getting the hardware USB backup for the same.
Posted by overcast on 06-07-2018
I prefer using hardware bitcoin wallet because I just encounter so many scams with software bitcoin wallet. I just think that it is more safe to use hardware since you can touched and see it. I mean all of us are afraid of scams so better invests on the one that has security.
Posted by bienn05 on 06-07-2018
Exactly, the important thing about hardware Bitcoin wallet is its level of security against hacks when compared to the software Bitcoin wallets. Even though it requires a good amount of money to buy hardware Bitcoin wallet, it's absolutely worth it with giving you maximum protection of your digital currency unlike the horrible stories that follows software wallets.
Posted by Martinsx on 06-08-2018
I have accounts on wirex and coinbase. I guess these are software wallet. I have not used hardware wallet because I don't know about hardware wallet. If anyone body knows about hardware wallet, I need suggestions. I also wnat to know much do I have to spend on hardware wallet.
Posted by vinaya on 06-07-2018
I think the exchange accounts are not so useful. And some of the time this type of the accounts can have the hacks. Just like the Mt.gox which was hacked in 2015. So it's better to install on the software in that case.
Posted by overcast on 06-08-2018
I have been using coinbase since 2015 and I have never encountered any problems. I began using wirex since 2016. Even though I was satisfied with coinbase I began using wirex because it offered a bitcoin powered debit card. I could use my bitcoins by funding my card with bitcoins in my wirex account. Wirex cards were just like any other debit card. You could even get a plastic wirex card. However, currently, cards are not available on wirex.
Posted by vinaya on 06-08-2018
If you check news coinbase seems to be suffering from wallet freezing and KYC issues. Also they seem to be prime target of the network downtime. Thats one reason many people are moving away from the coinbase lately.
Posted by overcast on 06-09-2018
I have not used coinbase in the recent times (because I no longer have bitcoins), therefore, I am not aware about the issues you have mentioned. By the way what do you think about desktop wallet. Have you tried any desktop wallet?
Posted by vinaya on 06-09-2018
I see. The thing is coinbase have through a lot of changes lately. And higher amount of fees for both bitcoin and ether. And the amount of freezing of transaction happened. That is one more reason why people don't store anything there anymore.
Posted by overcast on 06-12-2018
Coinbase and Binance are the best exchange sites one can make use of when dealing on cryptocurrency. Coinbase is more user friendly especially to new members to cryptocurrency because the exchange site accepts fiat currency to invest in cryptocurrency and there is no doubt its wallet are well guarded against hackers.
Posted by Martinsx on 06-11-2018
I'm using coin base for now as my major wallet and faucet hub as a micro wallet and i haven't had any cause to regret it because I'm finding the both sites secured and safe.I'm yet to use any hardware wallet but have read about it and might use it in future.
Posted by lovely on 06-07-2018
If you are serious about it and have a large balance of Bitcoin then I'm sure that a hardware bitcoin wallet is the much better option for you. It's much more secure (as long as you take care of it of course). If you aren't as serious about cryptocurrency and don't have much then a software bitcoin wallet is probably good enough for you. Just make sure that you secure it properly and don't share details with anyone.
Posted by kingcool52 on 06-07-2018
I think the software wallet is better, i use blockchain and coinbase wallet and they are very safe, the software wallet is updated always to make it much safer to use .
Posted by babyright on 06-07-2018
In some point you are right. If you feel secure using it then use it continually. The important thing in this cryptocurrency is the security.
Posted by MomoStarr16 on 06-09-2018
In some point you are right. If you feel secure using it then use it continually. The important thing in this cryptocurrency is the security.
Posted by MomoStarr16 on 06-09-2018
One thing is that the software wallet is really good. One good thing is when you use a better software wallet is nice and when you make use of better ones such as coinbase, you get to enjoy better benefits as well.
Posted by Barida on 06-07-2018
I used them both for my cryptocurrency. The point is use it only if you have knowledge about them. They are too risky.
Posted by MomoStarr16 on 06-08-2018
I am not into Bitcoin yet because the concept is not very clear to me. First is the mining. How does the mined website earn? Next is the value, who or what dictates the value of the Bitcoin? What if you had saved a big amount of Bitcoin and suddenly the value plummets? I am confused but I am trying to learn the enrire thing.
Posted by Corzhens on 06-08-2018
I'm using a soft wallet I think, it's Coinbase and a local one and I'm really not sure what a hard wallet is but I think soft wallets are okay because it's easy to use.
Posted by Kakashi2020 on 06-08-2018
Having the hardware wallet is much more secure than to software of course. Your coins is safe from hackers or to any fishing sites, but if you just have an small amount of coins, much better to use software wallet or just keep it to some trading site but make sure that the trading sites is secured and not scam.
Posted by ion on 06-08-2018
I have seen similar questions on various forums and the two names that are mentioned repeatedly are Coinbase and FaucetHub. Evidently, they have a lot of satisfied users.
Posted by cmoneyspinner on 06-08-2018
I use coinbase and wirexapp. These are online wallets. Hardware ar something like a flash drive with crypto currency inside, I guess. Software wallet are the wallets that you can download on your computer and store in your computer.
Posted by vinaya on 06-11-2018
Hardware wallets provide better security, while software wallets provide freedom and convenience. It's up to you which of these two you would prefer. As for me, I prefer software Bitcoin wallets because I might lose the hardware wallet and will lose all my crypto investments with it.
Posted by EfficientNinja on 06-12-2018
I'm using now Blockchain as the main wallet, I have begun with Coinbase but I've found it a little bit problematic. Faucethub is a must, it's useful for micro-transactions, I haven't got that much to switch to cold wallet yet, for it require some extra expenses, like storing date to multiple servers and such.
Posted by joey98 on 06-15-2018