What is a hardware wallet?

A hardware wallet is, as the name suggests, a device for your wallet. Hardware wallets are a very secure way to protect cryptocurrencies like Bitcoin, Ethereum, Litecoin or Dash from being accessed and to keep them safe.

Advantages of a Hardware Wallet?

If you want to use coins to trade, a hardware wallet is certainly one of the best solution. It also ensures that when a platform is suddenly hacked or even bankrupt, your cryptocurrencies are still safe. Basically, the biggest advantage is that you can keep your cryptocurrencies on your own without the influence of third parties.

Why does Cryptoz Liechtenstein recommend a hardware wallet?

In a nutshell:

  • Safekeeping on your own

  • Currently the safest and most proven method of securing cryptocurrencies

  • The private key is never related to the internet and is therefore very vulnerable

Further information on Cryptoz Liechtenstein and cryptocurrencies can be found here here.