4 Notes When Using Hardware Wallets To Protect Assets In Crypto

Crypto participants all know the effectiveness of hardware wallets for the protection of their assets. However, to make the most of this wallet type, we also need to know the following 4 notes.

You can refer to the previous article of Coincu News that introduced details about hardware wallets. Here are 4 things we need to keep in mind when using this wallet to protect our assets in crypto effectively.

Choose a reputable and reputable hardware wallet manufacturer

Hardware wallets will be the place to store a large amount of users’ own assets, no one wants to use the products of unprofessional or scandalous companies. It is best to choose companies that have been operating for many years in the market, with products that have been tested for quality.

In addition, when buying hardware wallets, users should also go to the official stores of the manufacturing companies to buy genuine products. Only buy a completely new wallet, with the seal intact, and absolutely do not use the old recovery on the wallet.

Keep the wallet recovery code safe

The recovery code is the key to the user’s assets, which is also used in case the user wants to restore a new wallet. Recovery codes are extremely important and should always be kept strictly confidential.

Choose a wallet according to your needs

Each type of wallet has different features and is aimed at different user groups. There are wallets that can connect via USB and even bluetooth, making it easier for users to make transactions.

When you want to use a hardware wallet, users should consider which coins/tokens the wallet supports, is the operation easy to use, is the interface user-friendly, etc.

Check the information carefully before confirming the transaction

Sending and receiving operations on hardware wallets will be more complicated than in other wallets, so always double check and make sure the wallet and blockchain information is correct. Do not rely on the security of the hardware wallet that becomes subjective.

Outstanding hardware wallets today

Along with the increase of hacks/exploit, the demand for hardware wallets of crypto users is also increasing. Based on the information table below, it can be seen that the two most popular wallets are Ledger and Trezor. In which, Ledger has 2 main products, Ledger Nano X and Ledger Nano S, Trezor’s main product is Trezor One.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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