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?

Comments

overcast
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
Martinsx
How good is the security of Exodus? It's good to see that it has both Cloud and software based wallet, the cloud wallet acts as a good backup in case something goes wrong. Cryptocurrency are always under attack, so looking for the best way to having your investments secured is very important.
Posted by Martinsx on 07-01-2018
overcast
I think it's secure enough. And you can take local backups. So something like this is a good option instead of using the other platform based wallets. I don't prefer them if you ask me. They seem to be making more issues in the transactions.
Posted by overcast on 07-12-2018
bienn05
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
Martinsx
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
vinaya
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
overcast
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
vinaya
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
overcast
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
vinaya
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
overcast
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
Martinsx
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
lovely
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
Martinsx
Coinbase is one of the best cryptocurrency exchange site wallet to use for anyone's digital currency bank. It's safe, secured and 100% trusted. Ever since I have seen, known and used Coinbase, I have never heard one case of hack, so I would recommend it to anyone who wants to use software wallets.
Posted by Martinsx on 06-22-2018
kingcool52
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
Martinsx
You are very correct my friend with that assertion. The bigger investment one is looking to make, the more important it is to look for the best way to having such fund protected from hackers and scammers. And with that being said, when one is looking at investing much in Bitcoin or other cryptocurrency, it's better to go with Bitcoin hardware wallet because it offers more security than the software wallet.
Posted by Martinsx on 07-01-2018
babyright
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
MomoStarr16
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
MomoStarr16
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
Martinsx
There is no doubt that some software cryptocurrency wallet are good. Just like you have mentioned about using Coinbase, it's in fact one of the most secured software cryptocurrency wallet that we have in the world today. Another one is Binance, I have most of my friends making use of Binance wallet and they say it's very good as well.
Posted by Martinsx on 07-01-2018
Barida
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
Martinsx
The truth is that software cryptocurrency wallet have its limitations as well even though it is good to use. There is a limit to the amount of cryptocurrency or Bitcoin worth that each software wallet can hold, so it makes you worry about increasing your investments. But if you are looking at trading on average basis, then I'm sure that the software wallet will be more beneficial for you.
Posted by Martinsx on 07-01-2018
MomoStarr16
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
Martinsx
It would be a very bad decision to make use of what you have no knowledge of how to use effectively because it's only going to end in your losing your money and investment. The question is why get into cryptocurrency investments when you have no idea how to trade in them? It's only unless if you have someone trading on your behalf then it's better.
Posted by Martinsx on 07-01-2018
Corzhens
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
Martinsx
The truth is that over 50% of the world doesn't really understand what or how Bitcoin and other cryptocurrency works, to ordinary layman, it's just digital currency. But the question is how does it work? What gives it the value it has today that the world world is going jitters about it? Well, I believe that sooner or later, we are going to have a better understanding of how Bitcoin and other cryptocurrency works.
Posted by Martinsx on 07-01-2018
overcast
This year cryptocurrencies are destroyed in most of the asian countries. And that makes it a bit harder to work with. I can tell you that some of the time wallet issues and stealing is common. But you are not you are not missing much if you are not involved as of now. Because there does not seem to be any benefit out of that. It just makes things a bit harder if you don't know quick money earning scheme. Sometimes it can help.
Posted by overcast on 08-29-2018
Kakashi2020
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
Martinsx
From what I have heard about from all those who have used Coinbase is that it's the best software cryptocurrency wallet because it doesn't work only for Bitcoin but other cryptocurrency as well. Personally, I have used it as well and it has served me well without any problems so far.
Posted by Martinsx on 07-01-2018
ion
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
Martinsx
Exactly, hardware Bitcoin wallet is more secure from the activities of any kind of Hacker no matter how skilled the person is, it's never going to be possible for him or her to hack your hardware cryptocurrency wallet unless the hacker manged to get something like a digital blackhole hardware within the proximity of your hardware wallet.
Posted by Martinsx on 07-01-2018
cmoneyspinner
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
Martinsx
FaucetHub? I haven't heard about it yet but I know well about Coinbase and Binance because I have used Coinbase personally and have great business investors that makes use of Binance wallet. They are very satisfied with the services of both wallet. Can you tell me more about this FaucetHub? I would like to know more of its services.
Posted by Martinsx on 07-01-2018
vinaya
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
Martinsx
Exactly, software wallet are online software that can be downloaded and installed on your computer or mobile device but hardware wallet is like a tech tool like a flash drive just like you suggested. I know about Coinbase because I also make use of it as well. It's very good but I don't have any knowledge about wirexapp. Kindly tell me more about wirexapp, I would like to know more about it.

Thanks.
Posted by Martinsx on 07-02-2018
EfficientNinja
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
Martinsx
You have a very good point about the reason why you choose between Hardware wallet and Software wallet. Hardware offers you maximum security for your cryptocurrency and software wallet offers absolute freedom and convenience. If you are the careless type with holding and keeping stuffs, then hardware wallet isn't for you because you are definitely going to lose it and that equal to losing all your money.
Posted by Martinsx on 07-04-2018
joey98
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
ion
You're right, faucethub is also best site to keep your coins. They accepted different kind of currencies, and it's also looks safe. I allow my coins to stay there to avoid some fees after you collected from some faucets and so far, it's good and trusted.
Posted by ion on 07-02-2018
Martinsx
Binance offers the exact same thing which you described that FaucetHub offers to its users. The only problem I would point out in using Binance is that it doesn't accept the use of fiat currency to buy any cryptocurrency you want to trade on. Does FaucetHub accept fiat currency?
Posted by Martinsx on 07-12-2018
Martinsx
Please don't mind my asking the nature of problems that you have experienced with using Coinbase? Ever since I have been using it, I haven't had any problems with it and most of my friends that are making use of it as well don't seem have any problems with it as well. But I would like to know where you encountered this problem that you referred to so as to take precautions in the future.

Thanks.
Posted by Martinsx on 07-12-2018
jaymish
I've actually never heard of software wallets, good to know that this option exists. Given a choice I would use hardware,to me it seems more secure, but how do you protect the hardware from being attacked. At some point you will get more crypto or send crypto, this means you will be online, anything that goes online is vulnerable to attack from outside forces and malicious viruses. I think keeping your bitcoin with a company like coin base may not be a bad way of ensuring the security of your crypto's. They keep updating their security systems and its harder for them to be attacked.
Posted by jaymish on 06-19-2018
ion
Sometimes, much better also to use some trading sites as you temporary wallet if used to trade all the time. By doing this, you will save a lot because you don't need to pay the transaction fees every time you want to trade your coins, but just be careful because hackers always target this trading sites.
Posted by ion on 07-01-2018
jaybee19
I'm still new to bitcoins so right now I'd definitely go with Software wallets. However, I'm interested to know the benefits of Hardware wallets. Guess I'll have to try one, hopefully soon.
Posted by jaybee19 on 07-01-2018
Mehano
I personally prefer the hardware over the software BitCoin wallets for a very simple reason. Hardware wallets are much, much safer. I used to use the software one a while back but realized how easy it is to get into somebodies wallet. Hardware is secure and it's extremely hard for anybody to get anywhere close to your savings.
Posted by Mehano on 07-05-2018
manmad
I persoanlly currently don't use any bitcoin wallets, however I do prefer hardware ones, just because they are more secure even though you do trade some comfort for that, but better be safe than sorry.
Posted by manmad on 07-13-2018
Marako0406
I prefer to use software wallet and I have been using it ever since I started acquiring bitcoins and so far I have never encountered any problems or issues with it. I have been using it since 2015 and I haven't tried using a hardware wallet for my bitcoins and I think I don't need to since this software wallet I am using is really secured and all my transactions are easy breezy to do plus there are helpful and active chat support 24/7 so I feel at ease in using it all the time.
Posted by Marako0406 on 07-26-2018
NesMarcos
I am currently using a software bitcoin wallet and I am satisfied with it. Honestly, I don't know what a hardware bitcoin wallet is, nevertheless I think it is also good to use because there are a lot of scams nowadays. Though software bitcoin wallets are also secured but I think using a hardware bitcoin wallet is more secured.
Posted by NesMarcos on 08-01-2018
stbrians
I happen to have several of them. Coinbase foes not trade in my country though I use it. There is bittrex and localbitcoin. Though I use bitcoin but my favourite is Ethereum. It is easier to transact it and cheaper too.
Posted by stbrians on 09-07-2018
ajahcuizon
I am also using coinbase but eversince I got scammed from a site tha I invested to, I lose my trust to bitcoins. It's a good way to send and receive money since it's untraceable. But for me, since it is a software, we cannot trust fully something that we cannot hold of.
Posted by ajahcuizon on 09-19-2018
jetselle
The most secure alternative is an equipment wallet which you keep disconnected, in a safe place. That path there is no hazard that your record can be hacked, your keys stolen and your bitcoin whisked away. In any case, in the event that you lose the wallet, your bitcoin are gone, except if you have made a clone and additionally kept solid reinforcements of the keys.
Posted by jetselle on 10-07-2018
mark86
Hardware bitcoin for me because it is safer than the software one.
Posted by mark86 on 10-10-2018