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RE: ScaredyCatGuide to Bitcoin and Other Cryptocurrency – Part IV – Storing Bitcoin Using Wallets

in #cryptocurrency7 years ago

Great addition to the series @scaredycatguide. I use and recommend the KeepKey hardware wallet. The big screen allows for easy recovery phrase generation and cycling PIN management.

Interestingly, hardware wallets can even be used safely when connected to an infected machine. Transactions are sent to the device to be signed with the private key. As the private key never leaves the device, the wallet is never compromised.

Of course replay attacks are still possible as they utilize validly signed transactions and require other means of security beyond the scope of any wallet.

Thanks for the ongoing info. It's filling a much needed role. What's the next topic in the series going to be?

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Thanks for the additional wallet info. Gonna talk about private keys and addresses in the next post :-)

That's getting interesting. Keep up the great work!

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