Protection Against Hackers With A Hardware Crypto Wallet | Crypto

Protection Against Hackers With A Hardware Crypto Wallet

– Hardware wallets are the most secure way to store cryptocurrency and NFTs.
– Hot wallets are wallets with an internet connection and are susceptible to malware attacks.
– Cold wallets are devices that physically store the wallet’s private key and use it to sign transactions without the key ever leaving the device, making them immune to malware attacks.
– If the PIN is compromised, then so is the device.
– While cold wallets are considered (theoretically) impenetrable, they don’t protect funds that are stored in smart contracts.
– To date, nobody has reported their device being stolen and successfully cracked.

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