Basic Question About Crypto Hardware Wallets - Please Help!
Hello, I am fairly new to Crypto (Steemit was my entry into this world!), but I have recently come into ownership of a couple different types of coins, and I have decided it is time for me to get a wallet. As I am learning more about hardware vs. software wallets, I have run into a bit of an issue. It looks like hardware wallets are more secure, and some are not too expensive, but what I want to know is whether or not I need a software wallet if I have a hardware wallet.
Basically can I get a hardware wallet and simply use exchanges from that? The exchanges I have looked at all require ID and such to make an account/wallet on them. I'm genuinely not doing anything shady, but for the sake of anonymity I am somewhat reluctant to give this information if I do not have to. I know this is probably a really basic question, but please let me know, all of you who are better versed in the Crypto world than I!
@pirateofthedtube more articles will be?
Hardware wallets allow software wallets on your computer to out-source handling of private keys to said hardware.
Normally a software wallet will have to manage your private keys for making spends.
An exchange will keep their own private keys for when you send them funds. So, when you send them funds, you no longer have control over them because the funds are no longer controlled by your keys.
Many small in person trades can help. If you go to a crypto meetup in your area you could change them for crypto there.