Hardware wallets are specialised devices to make cold storage (?) for your bitcoins easy and secure. The private keys (?) are always created, stored and used offline, which makes hacking theoretically extremely hard, but practically impossible. Private data will always be handled securely in the offline environment, while public data like signed transactions can be transmitted to an online device. A hardware wallet is the best cold storage solution for 99% of the people. It doesn’t require technical knowledge or skills.
Hardware devices can also be used as signing devices for multisig. This means that multiple devices will be registered in a multisig wallet to create one single multisig address. A pre-set part of those devices have to sign to make a transaction. The point of multisig is to share the risk for your Bitcoin stack over multiple keys, instead of being dependent on only one private key. Hardware wallets are super safe, if you add multisig it’s even safer!
If you want to learn more about these awesome devices, you can read more on our homepage and the articles down on this page. You will learn general things on our pages and specific information in the articles. Do you want to learn how to use them with multisig? please read our multisig guide!
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