Hardware Wallets

Securing Your Funds.

Hardware Wallets

Hardware wallets are devices that operate a secure self-contained bitcoin wallet on special-purpose hardware. They are operated via USB with a desktop web browser or via near-field-communication (NFC) on a mobile device. By handling all bitcoin-related operations on the specialized hardware, these wallets are considered very secure and suitable for storing large amounts of bitcoin.[1]

Ledger

Currently the only Hardware Wallet that supports Vertcoin is Ledger. Ledger has included detailed instructions to accompany their hardware wallet found here, the wallet interface is managed via the ledger client, Ledger requires you write down a 24 word seed phrase and safeguard in the event that you lose or damage the device.

!!!warning “Seed Phrase” Make sure you purchase your Ledger from a trusted retailer. People have had their funds stolen due to using pre-generated seed phrases that came with it from unauthorized resellers. If you believe your device may have been tampered with, or if it comes with a pre-generated seed phrase, reset the device in order to generate a new private key and seed phrase before sending any funds.

Trezor

Trezor is another Hardware wallet that is popular in the Bitcoin community, which unlike the ledger hardware wallets doesn’t use a standalone client. trezor uses a [website]((https://wallet.trezor.io/) to which you trezor wallet connects.

References

[1] Mastering Bitcoin 2nd Edition - https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch01.asciidoc#choosing-a-bitcoin-wallet