Joseph Wang of Cryptohwwallet.com and I had a chance to have a great interview while the two of us were at the Texas Bitcoin Conference in Austin.
After losing around 6 bitcoins in Joseph’s early experience, he decided to take a closer look at hardware - cold storage wallets. From there, he got involved with selling them.
In our interview he gives an overview of 4 wallets including: The Digital Bitbox out of Switzerland, Trezor by Satoshi labs, multiple Ledger models out of France, and the Keepkey wallet.
With each of these hardware wallets you receive a “seed” a number of words that allows you to recover your bitcoin should you lose your physical wallet.
I talk about my personal experience with using Trezor and just how user friendly, secure and efficient it can be to use.
Luckily, since you hold the private keys to these wallets you will also be able to claim forked versions of bitcoin in the future as well.
If you’re interested in learning more about which hardware wallets are the best to use to protect your cryptocurrencies, I highly recommend you watch this video to hear all the specifics regarding the features of the individual wallet choices.
Also, don’t forget to use the link below the video to receive discounts on many of the products!
https://www.dollarvigilante.com/cryptowallet
If someone loses their Trezor password, let them know I know of a way to recover it.
@dollarvigilante I really need to get a Hardwallet, thank you for reminding me to think security when it comes to our Coins.............
I got a nano which works well for my btc and eth. I head I can put LTC on there but havent since I read people had difficulty getting them off.
I have other coins, albeit not in great amounts as of yet...any idea what you are looking at?
Trezor
I've got a Trezor, and I love it! Also reviewed it a while ago, check my blog roll. Conclusion: it's great.
Hard Wallets are the best way to secure your crypto; I recommend Ledger, Trezor, and KeepKey as those companies are the best at making this stuff.
If you don't have the
to spend I recommend a paper wallet.
Nice interview. On the subject of non of those devices ever been hacked, according to this article (below) the author successfully hacked his Trezor when he forgot his pin and lost his seed phrase.
https://www.wired.com/story/i-forgot-my-pin-an-epic-tale-of-losing-dollar30000-in-bitcoin/
The firmware has been updated to fix this exploit since the article, but it's worth knowing it has been hacked in the past.
fabulous job with the interview. Such a great piece of work.
I have a Trezor and I used it once I really need to take my coin security much more serious than I am at the moment. I’d be pissed if I lost my money!
One of the interesting and important topics in bitcoin that's less talked about. It's good to know Joseph Wang turned an early mistake into a thriving business, this is the type of self motivation that inspires me.
Great and helpful information in the video, more people that are into bitcoin needs to actually watch this.
Thanks for interviewing Joseph, @dollarvigilante
Thanks, Jeff. That was a great interview. I've been meaning to buy a Trezor for sometime, but I was always holding off because I was waiting for their new 2.0 to come out, which they'd been talking about for quite sometime now. Your video has given me more impetus to get this done sooner than later.
Thank you.
Nice post my friend well done
Great work Jeff
thanks for this advice.resteemed
Securing coins is one of the challenges newer people have. It is a difficult concept to understand. Most equate buying coins to stock...you go through an exchange, it is there, and it is safe. Stock isnt taken from an exchange and if it is, it is returned.
Coins are a different matter entirely since there is no ownership trail. The key = ownership. Hack that, and you own the wallet.
I am upvoted your post...
please like comment and follow....thanks.
I got a Ledger Nano S last month and it works great! the price is a bit high, but if you want to store a lot of "money" on it, it is worth the security it offers
absolutely. better spend some money and sleep sound
useful. thanks.
Excellent interview. In this age of agile and aggressive hackers, I think many people will need such hardware to safeguard their cryptos :) I will look into getting myself a trezor or nano ledger :)
Great video to get a clear idea of differences between all existing models.
I know of several people who have had their accounts hacked and their digital moolah stolen. All serious Bitcoin enthusiast should buy one of these wallets.
Very informative article on security of cryptocurrencies.
very informative, thanks.
I simply love your articles, what great content and quality of posting you offer the community here on Steemit and abroad.
Thanks a lot :)
This phrase made me wonder: "since you hold the private keys to these wallets, you will also be able to claim forked versions of bitcoin in the future as well." The only thing here is that your "luckily" at front makes it look you don't know if it is possible. Joseph should be able to answer that. We had two forks already. Did he receive any coins?
Getting a hardware wallet is a must. Having a few is a good idea. I really believe it is a cool way to store your coins. What I am having a hard time with is using the trezor app and connecting it to the phone!
I think this post will benefit you
great post @dollarvigilante https://steemit.com/currency/@laciri/dxy-index-nears-resistance-as-first-eur-usd-h-and-s-target-
Has anyone used on of these, or are they a scam? https://rover.ebay.com/rover/0/0/0?mpre=https%3A%2F%2Fwww.ebay.com%2Fulk%2Fitm%2F222674688516
Upvoted, re$teemed & following!
Hey dollarvigilante,
Thanks for sharing