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How Do You Want To Use Your Hardware Wallet?
5 Use Cases For Hardware Wallets And The Best Suited Devices
Are you looking for a hardware wallet for a specific use case? Do you need more security, better privacy or cheaper and easier payments?
If you want to read more about hardware wallets first. Click on the orange button below!
Secure Hodl
Use Your Hardware Wallet For Secure Cold Storage
Are you looking for an easy and secure way to store your Bitcoins? Is all the news about hacked wallets and exchanges scaring the heck out of you? Get a hardware wallet to safely HODL your bitcoins!
Holding Bitcoin is the most popular use case of a hardware wallet. Using a specific hardware device is the only easy way to set up secure cold storage. Your private keys will be kept offline at all times. They will be kept out of reach for hackers.
This is how it works: The private keys to control your bitcoins are created and stored on the device. The device will never be connected with the online world, it will only import and export packages of data from or to your online computer.
This means that the hardware wallet signs for transactions, while the online device communicates with the Bitcoin network. Because these functions are strictly separated, you don’t have to worry that the critical information ever comes even close to malware or hackers.
Hardware Wallets For Secure Cold storage
If you want to do some effort to secure your bitcoins even better, the Coldcard is the best option in the higher price range and the Blockstream Jade if you want it cheaper. Any of the 3 Trezor models are a good choice if you want it to be easy and fool proof.
Don’t stress about the security of your bitcoins. There is no reason! Imagine enjoying your life without worry while your wealth is growing. Get the best hardware wallet to store your bitcoins today! Click on the orange button below and compare the best devices!
Regular Payments
Use Your Hardware Wallet Easy and Secure Payments
Are you making payments often, but worried to use a hot wallet? Are you making regular big payments or are you just risk-adverse? Get a hardware wallet that is optimised to pay both easy and secure!
Most people think of a hardware wallet as a tool to store your bitcoins for the long term, but you can use them if you make regular transactions too. It is true that using a hot wallet is easier, but every Satoshi in an internet connected wallet is at risk of being stolen. With a hardware wallet you can send your transactions safe and relatively easy if you choose the right device.
Hardware wallets don’t only keep your private keys secure, they also let you check the receiving address and the change address in a secure way. Further, you can use the webwallet or 3rd party wallets to save some money by manually setting the fee or batch transactions.
Hardware Wallets For Payments
We consider the Trezor Model T the best hardware wallet to make regular payments. The other Trezor models are next on the list. With all Trezor devices it’s as easy as with a hot wallet, but you have to confirm every critical action on the device. Batching is supported in the Trezor Suite.
Blockstream Jade is a good device for payments too. Scanning QR codes is fast and easy. Coldcard comes last, because you have to transfer the data with a SD card. This will cost you some time and effort.
Imagine you send your bitcoins to a hot wallet to pay some people. You open your wallet next day and it’s all gone. Yes, the funds would only be in your hot wallet for a short while, but it was long enough for a hacker to steal them.
Don’t take any risk, even not for one day! Get a hardware wallet that is easy to use for payments and never worry again. Click on the orange button below and compare the best hardware wallets for regular transactions!
Multisignature
Use Your Hardware Wallet For a Secure Multisig Setup
Do you lose sleep over your backup seed because it’s so sensitive? Are you uncomfortable having to trust one hardware wallet manufacturer. Does it worry you to have all the critical data for your bitcoins in one location?
Have a look at multisignature! A properly multisig setup with different hardware wallets eliminates exactly those central points of failure you’re worried about! You’ll have to put some work in it to understand it. But it will certainly end your stress. It’s really worth it!
It works like this: You download a multisig wallet for free. Next, you set the quorum. Which means that you decide how many devices will be used to create the multisig address and how many have to sign to initiate a transaction. This is called the threshold.
Because the threshold can be lower than the total amount of devices, you can still access your bitcoins if one or more devices get lost or stolen. If you distribute your hardware wallets and seeds over different locations. The chance to lose multiple keys at once is very small.
The most practical quora are 2-of-3 and 3-of-5. In the first quorum, three hardware wallets are registered in the multisig wallet, while only two have to sign to make a transaction. It is very important to always backup the wallet configuration file. Don’t start with multisig if you don’t understand why!
Hardware Wallets for Multisignature
All hardware wallets on our site are extremely good for multisig. They are all compatible with most of the multisig wallets. Using different strengths and weaknesses makes the overal setup more secure. This means that using different devices makes the most robust setup.
For multisig we rank the Coldcard on the first place, Trezor second and Blockstream Jade third. Using them together is perfect! You will gain more by diversifying between devices than by picking the best devices, so a cheaper setup with a Trezor One and a Blockstream Jade is perfectly fine!
Stop your stress today! Click on the orange button below and compare the best hardware wallets for multisignature!
Shamir's Secret Sharing Scheme
Make Multiple Shares to Backup Your Hardware Wallet
Are you worried about the single point of failure of your backup seed, but multisig seems too complicated for you? Shamir’s Secret Sharing will be your solution!
Shamir’s Secret Sharing or SSSS is a method to securely split your seed in multiple shares. You can decide how many shares will be created and how many shares you need to recover your original seed. For example: You can setup a 2-of-3. It will make three shares, while only two are needed to recover your backup seed.
Like with multisig, you can distribute these shares over different locations. If one location get hit by a fire, flood, theft or robbery, you can still recover your bitcoins with the remaining shares. The big advantage of Shamir’s Secret Sharing over multisig is that you need only 1 hardware wallet and it’s fool proof and easy.
Obviously, multisig is more robust and protects against extra threats like supply chain attacks and device failure. However, it is much more complicated. This inserts extra risk if you don’t know exactly what you are doing. If you just want to protect your seed SSSS is probably a better and safer option for you.
Hardware Wallets with Shamir’s Secret Sharing Support
If you want to use Shamir’s Secret Sharing you have to use a hardware wallet that support it (never split seeds yourself!). Both the Trezor Safe 3 and Trezor Model T support SSSS. It’s very easy to use on both devices, just follow the prompts on the device and write down the words for every share.
Imagine, you get your hardware wallet delivered to your home. You open the box and start it up. You choose Shamir’s Secret Sharing backup and you create 3 shares and write it down. You store one share in your house, one in your parents house and one in a vault that you rent.
You know you never have to worry about your bitcoins again, while you have spend little money and effort. Even when one location goes up in flames, your bitcoins will be still with you! Get a hardware wallet with Shamir’s Secret Sharing support today! Click the orange button below!
Extra Privacy
Use Your Hardware Wallet to Optimise for Privacy
Most people believe that privacy is something you don’t have to care about if you have nothing to hide, but did you know that it’s an important security issue?
Do you think a thief or hacker will spend his time and resources to attack you if he don’t know whether you have any bitcoins? Exactly! If criminals know you are a bitcoiner there is a much bigger chance to become a target. It will even get more dangerous if they know how much you have.
There are good reasons to optimise for privacy. If this is your priority, you should use your hardware wallet with privacy focussed software. If you want good privacy but also security features like multisig we recommend Sparrow Wallet. If you just want to focus on privacy you can use Wasabi wallet.
With Sparrow you can optimise for privacy with UTXO control, your own node and by running over TOR. Wasabi gives you the same features, but you can also mix your coins. With the Trezor Model T you can even mix directly from your hardware wallet.
Hardware Wallets for Extra Privacy
Sparrow supports all hardware wallets on our site, while Wasabi supports the Trezor Model T, Coldcard MK4 and Blockstream Jade. After you get your hardware wallet, you can download the privacy focussed wallet for free and get started.
End the threats to your privacy today! Avoid the information about your Bitcoin holdings being leaked and sold on the dark web at all cost. The best way to never become a target is being invisible. Click the button below and compare the best hardware wallets for privacy!
Liquid Support
Hardware Wallet that Supports the Liquid Network
Do you find the fees on Bitcoin too high? Do you want to use a stablecoin or other assets on top of Bitcoin? Then Liquid might be a good option for you!
Liquid is a federated sidechain on Bitcoin. It respects the 21 million Bitcoin limit. If 1 BTC is locked on the Bitcoin blockchain, 1 LBTC will be unlocked on the Liquid chain. This means that the value and scarcity will remain the same, while some extra features are unlocked.
Liquid is with a 2 minute block time and a transaction fee of around 10 cents much cheaper and faster than Bitcoin. This means that it is great to use for daily payments, to move liquidity between exchanges or to open Lightning channels. USDt support is great to solve short term volatility.
Beside USDt, other assets can be launched on Liquid. You can think of fully regulated digital securities and in the future even Bitcoin bonds. Because Liquid supports multisig, you can hold these assets securely in a multisignature setup!
Another feature of Liquid is confidential transactions. This means that you can see the transaction on the blockchain, but you can’t see the asset or the amount. This is a great improvement for privacy.
The only hardware wallet on our site that supports Liquid including all the assets is the Blockstream Jade. Get the Blockstream Jade now! Click on the orange button below!
