If a hardware wallet get's damaged or destroyed then I could buy another one, enter my on unique passphrase and get my funds back. This is correct, correct?
If that is correct then what is the point of owning a hardware wallet? It seems like some sort of middleman and I don't fully understand what it's supposed to be protecting. Couldn't I just write down a few things on a piece of paper that allows me to find, access, buy and sell funds? That seems like it would be the most secure (even if confusing) way to go about things.
Now I wouldn't do that but my point is I am trying to figure out what a cold wallet is, how to keep it cold and not fall for scams.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments