A Hardware Wallet is a physical object that can be connected to any computer with a USB cable. They are storing the user’s private key and store your assets offline. You will only have to connect when you want to do a transaction.
The hardware wallet is securing your private keys because those can never leave the wallet. Even if the transaction seems to happen from the computer, the validation process is entirely made by the piece of hardware.
66% of the thefts in cryptocurrencies have been occurring remotely. Owning a Hardware Wallet will enhance your protection against those attacks. However, you must be aware that you still are vulnerable to some attacks.
Tips to Make Hardware Wallet Secure:
n the Security chapter, we will make sure to give you all the tips to make your wallet resistant to all types of attacks.
With Ledger and Trezor leading the Hardware market, you can be sure, by opting for one of them, to make your investment even more secure than on the best software wallets.
The Ledger Nano S is a hardware wallet distributed by the French company Ledger. The chip manufactured by Ledger allows you to secure your private keys offline, directly on your device, and to carry out transactions in your favorite cryptocurrencies via dedicated applications, available on most operating systems.
The Trezor Wallet is the direct competitor of the Ledger that we already had the opportunity to present to you. It is, therefore, a hardware wallet launched by the Trezor company allowing you to secure your private keys offline, directly on this small and handy device, and to validate your transactions in your favorite cryptosystems via a dedicated application, available on Windows, macOS X, Linux, and Android.
If it comes to choosing one of them, we recommend you to have a read at this article, explaining and comparing the differences of both of them, in terms of Security, Price, Supported Assets, Ease Of Use, Screen, Durability, Size, and App compatibility.