Quote:
Originally Posted by TOS'd
pros and cons to using a hardware wallet vs digital wallets your can make online/have offline?
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Harware wallet
Pro
- completely off the grid
Cons
- There is a fee to transfer to the hardware wallet
- if you lose the hardware wallet you're screwed
- if the hardware wallet fails, you're also screwed.
Online wallet
Pro
- easily accessible
- can trade other crypto currencies easily
Con
- can potentially get hacked online
( But if you enable 2 factor authentication (2FA), your wallet may get hacked, but they won't be able to withdraw the funds without the 2FA code)