![]() ![]() This helps prevent the physical theft of your funds in the event that your device or hardware wallet is stolen. Encrypt wallets to provide additional security.Ideally you should have a duplicate set of backups kept off-site to protect against the possibility of fire, robbery, etc. This helps to protect against the loss of your bitcoins due to hard drive failure or some other problem or accident. (Except if using trivial amounts, in which cases keys may be created in a hot wallet). #Bitsafe wallet OfflineGenerate your private keys in a secure, offline environment.To avoid theft, scams, and any other loss of funds, follow these three basic principles: The failure of Mt Gox, in which users lost $450 million or more.The Bitfinex hack, in which users lost $70 million.Here are two examples where users got ripped off by leaving bitcoins in the care of a third party: ![]() No matter which wallet you choose, remember: Your bitcoins are only safe if the private key was generated securely, remains a secret, and-most importantly-is controlled only by YOU! Since the hardware coin wallet is nearly impossible to hack, its screen is more trustworthy than data displayed on your computer. Screens provide extra security by verifying and displaying important wallet details. In the table below, you'll notice we show which hardware coin wallets have screens. Why A Hardware Wallet with a Screen is Important This means you can even use one on a malware infected computer. They store your private keys offline so they can't be hacked. Hardware wallets are secure, offline devices. A hardware coin wallet will protect a few hundred in Bitcoin just as effectively as a few million. ![]() Hardware Bitcoin wallets are not free, but the price can be worth it if you own a significant amount of bitcoins.
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