A hardware Bitcoin wallet has one common feature that Bitcoin wallets could not offer. This feature is the full isolation from the internet or any network.
Over the years, there has been much different hardware Bitcoin wallet that is coming out of the market. Each has its own feature or ways for you to protect your winnings from the best Bitcoin dice game sites.
Hardware wallet basics
There are two kinds of wallets for Bitcoin. These are hot and cold wallets. Hot wallets are the ones that you keep using for basic things like depositing money to a Bitcoin dice site or purchasing items from an online store. Think of this as the wallet you currently have in your pocket.
Cold wallets are the ones you do not use often. This is where you keep your Bitcoin for a long time until you need it in the future. A cold wallet is where you want to keep a good amount of your winnings or your Bitcoin collection from Bitcoin dice with faucet features. A good comparison for this type of wallet is a bank account or a simple coin bank.
For most people, cold wallets are where they store a majority of their Bitcoin. Since this is where most of their money is kept, people want to keep them secure. One way to do this is to keep the wallet disconnected from the internet. This is where hardware Bitcoin wallet comes in.
Hardware Bitcoin wallet is a practical way of having an offline cold wallet. While there are wallets for desktop computers and mobile devices, both could still be connected to the net or network with ease. Having a dedicated computer or mobile device is costly if it is intended for Bitcoin storage only.
Apart from keeping your wallet out of the grid, a Hardware Bitcoin wallet has different ways of keeping your money safe. These protections are for attacks that often target desktop or mobile wallets. This includes protection against malware that could change the address of your Bitcoin transaction in real time.
Available hardware wallets
There is an incredible amount of hardware Bitcoin wallet that you can buy today.
- Ledger Nano S – This hardware is powered by an OS that can run more than one Open Source app by itself. The wallet lets you confirm your transactions via the LED screen.
- Keepkey – Keepkey touts itself as an offline Bitcoin vault. The device has a confirmation button and OLED display screen that lets you make sure that the transaction is correct before you send your digital money.
- Trezor – The device can make its own private key without having to connect to a computer. It also has a PIN security to further protect your money.
- Ledger HW.1 – This Ledger device is a blind secure device for multi signature transactions. The device has a set of derived private keys and it lets you sign transactions without having to confirm it.