Bitcoin Hardware Wallet

The most secure way to store your cryptocurrencies.


Quick Summary: A hardware wallet is a specific type of (bitcoin) wallet, that keeps the private key in its secure hardware device. The device itself will be signing the transactions.

Overview: Bitcoin Wallets

The technical aspects of Bitcoin can be quite confusing, even for the most seasoned computer programmer, let alone the average person. While it is not necessary to fully understand how Bitcoin works to reap the benefits of its existence, it is paramount that everyone understands what a Bitcoin wallet is, the different types there are and which one is most secure.

Types of Bitcoin Wallets

Before focusing only on bitcoin hardware wallets, we want to display the different options of wallets.

Most people that are just now entering the realm of Bitcoin will, without a doubt, procure themselves a Bitcoin web wallet on one of the various sites that offer the service, and for most, this option will most likely be all they ever need, in regards to Bitcoin storage. However, a few will require something a bit more secure.
There are four options available in the world of Bitcoin wallets:

Billetera web para Bitcoin

To start, we have the aforementioned Bitcoin online wallet, which is basically allowing a third party website (and its owner’s) to create and potentially hold the bitcoin for you, giving you access to it via their web interface with a browser of your choice.

Billetera electrónica para Bitcoin

Next, we have what is called a software wallet, which is basically creating and storing the bitcoin private key on your own device.

This software is installed on your computer.

Bitcoin paper wallet

Next, we have what is called a paper wallet, this way of storing Bitcoin is seen as a very secure one. The problem is that the coins are very inaccessible if one decides to use them. To use them, he needs to connect his private key with a software or online wallet.

This paper wallet is randomly created by even throwing dice.

Billetera física para Bitcoin

Lastly, and the topic of this page, the hardware wallet, which is the most secure and safe way to store your Bitcoins.

The keys are stored on a specialized, small and portable computer device.

Bitcoin Hardware Wallets: The Vaults that keep your BTC protected

Bitcoin Hardware wallets are standalone devices that hold your bitcoins for you. They are an offline, or “cold” storage wallet option for those who need a little-added security.

If you have a large balance or conduct several transactions daily, a hardware wallet is definitely the choice you should make for your Bitcoin wallet needs. With a hardware wallet, there will still be the need for a third party website or  software to access your balance and conduct transactions.

The goal of everyone, who holds Bitcoin, is to keep their Bitcoins secured at all times, and what better way than with your very own personal vault?

How does a Bitcoin Hardware Wallet function?

The characteristics of a Bitcoin hardware wallet are that the private key is created and stored only in this device. This means that to sign a transaction, you will need to connect the device to your computer.

Essentially, that is all a hardware wallet is; a personal vault. Albeit, it is small, compact and usually fits in your pocket, but it is a vault none the less.

Claves privadas

La dirección de tu billetera que le das a tus amigos, clientes, y otros socios potenciales para transacciones es esencialmente una clave pública que permite que ocurra el intercambio entre dos partes.

Lo que mantiene a tus bitcoins seguros y protegidos es la clave privada. Si tienes la clave privada de una billetera, tienes los bitcoins en esa billetera; así de simple.

Puedes leer más (y ver un video) sobre la clave privada de Bitcoin, aquí.

Danger – when not storing your BTC at a hardware wallet

Storing your Bitcoins in a Bitcoin online wallet means that you trust the owner of the wallet website. He might steal your private key data or get hacked and lose it. Software wallets on your desktop are vulnerable to malware and viruses that wish to find and steal the private keys, and your Bitcoins. A hardware wallet takes both of these security risks out of the equation.

Your private keys are stored on the device and only on the device with no reason to ever come off of the device. They also include pin numbers, passphrases and other security-minded features that make it near impossible for anyone to ever get their hands on your Bitcoins.

Your bitcoin will be safe when it is locked away in a device that is not meant to transfer the private keys out of the device. Hardware wallets are truly Bitcoin vaults.

Ventajas de usar una Billetera física para Bitcoin

Recuerda, no existe ningún banco al que puedas llamar si alguien te roba tus Bitcoins. La transacción ocurre entre tú y la otra persona directamente, sin intermediarios. Entonces, si tu billetera física es comprometida o robada, probablemente nunca más verás esos Bitcoins.

La seguridad y fiabilidad deben constituirse en la primera meta de cualquiera que comercialice, negocie o de otra manera mantenga un saldo en Bitcoin. Al asegurar que tus Bitcoins estén almacenados de forma segura en un dispositivo de billetera física, puedes estar seguro que no los perderás ante la multitud de depredadores que están buscando una oportunidad para hundir sus dientes en tu saldo, dejándote en la quiebra sin tener a nadie a quien acudir por ayuda. Las billeteras físicas son la solución para los siempre presentes peligros de los ladrones, estafadores y timadores de Bitcoin.

Cons on using a Bitcoin Hardware Wallet

While they may be safe, secure and the best choice for storing your bitcoins, hardware wallets can present a serious downside: if you ever lose access to your seed key , you essentially have lost your Bitcoins just as if someone stole them from you.

It is important to securely store the seed, offline mind you, and have a way to access it at all times in a location different than where you will be keeping the hardware wallet. Using some prudence and a bit of common sense can help you to enjoy the world of Bitcoin, while being safe and secure the entire time.

Resumen

Asegúrate de conseguir la información relacionada a las consideraciones de la billetera que estás pensando obtener. Haz preguntas, debes estar absolutamente seguro de que comprendes las opciones y todo lo que necesitas saber antes de comprometerte a un dispositivo en particular. Esto ayudará a que estés seguro de que estas utilizando tu billetera física de la manera más completa y que la misma esté programada con la configuración más óptima.

Haz un respaldo de toda tu información de seguridad, prueba el dispositivo y luego, y solamente luego de todo esto, podrás estar seguro de que tú y tus Bitcoins estarán protegidos de peligros externos.


 

Best Bitcoin Hardware Wallets at the moment:

Nosotros creemos que uno debería invertir 10% de su capital en seguridad. Es por esta razón que hemos adquirido una de las mejores cajas fuertes para Bitcoins: el Trezor

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