Hardware Wallet

If you are familiar with cryptocurrency hardware wallets, you have probably encountered the KeepKey hardware wallet. KeepKey, alongside TREZOR and Ledger, makes up the top 3 hardware wallets used to store private keys from the usual wallets or exchanges, thus preventing a remote attack intended to gain access to your digital coins.  KeepKey Overview KeepKey's wallet, developed by the KeepKey company, was launched in 2015. KeepKey has its headquarters in the US and was acquired by Shapeshift in August 2017.…

The HODL Gang There is no shortage of malpractices in the crypto market. Plus, the amassing greed, negligence of fundamentals, and other types of human errors all contribute to the constant loss of funds. For example, Fortune Magazine reported that about 4 million Bitcoins had been lost forever. This happened because many people who held bitcoin in their wallets either forgot their passwords or lost their backup phrases. HODL is what we in the market keep telling each other about…

Digital Currencies, unlike fiat currencies, need a cryptocurrency wallet as their safety house pending their use by its owner. This led to the development of software and hardware wallets as storage places for cryptocurrencies. Safety of funds has always been a priority with any investment platform; no wonder centralized institutions go the length and breadth to secure their customers' assets and funds. The crypto-sphere has suffered great turmoil in hackers' hands, absconding with crypto enthusiasts' hard-earned funds. It has always…

With exchange wallets being the least secure and total air-gapped devices (cold wallets) or paper wallets being the most secure, hardware wallets come in between. Hardware wallets are devices that create and store your private keys. It is safer than other wallets because the keys are only stored inside the device, which is kept offline. In most cases, when a transaction has to be made, the device will be physically connected to online software, usually through Bluetooth or USB. The…

A hardware wallet is the most secure method of storing and transacting cryptocurrencies. The Ledger company has various hardware wallets, with the Ledger Nano S being the most popular, secure, and economical one. Regarding hardware wallets in cryptocurrency, Ledger Nano S is the best wallet considering its high-level security for digital currency transactions and even blockchain.  The wallet’s major function serves as a secure safeguard for both company and individual crypto assets. In addition, with the support of highly integrated…