Cryptocurrencies, hardware wallets, forks..the list is endless and to one not involved directly in the industry it can be quite confusing. We often are asked whether a hardware wallet is “really” needed or what the best and easiest way to store bitcoin or other cryptocurrencies safely is. Despite explaining this in the past, let’s briefly touch on what a Hardware wallet is in a simple manner.
A hardware wallet is a physical electronic device that is designed to protect an individual’s cryptocurrency funds by securing their private keys. The idea behind hardware wallets is to isolate the private keys from online methods of storage, such as a computer or smart phone, which are more susceptible to being compromised by a hacker.
If you are looking for answers to the above as well as many other useful ides and information regarding crypto and how to store, then simply click here to listen to our CEO, Will Bailey,’s interview with Stitcher which touches on many of the issues mentioned above. Stitcher is an on-demand Internet radio service that focuses on news and information radio and podcasts. It provides free online streaming through the website and via native mobile applications such as the Android, BlackBerry, iPhone, and Palm webOS.
The interview includes:
0:00 – Who is Will and why he started Myhardwarewallet
0:48 – Who is Will and why he started Myhardwarewallet
3:10 – Second layer solutions on Ethereum
5:33 – Why enter the Hardware Wallet Business?
6:38 – Problems he encountered at the start
7:09 – Why use a Hardware Wallet?
8:46 – Which Hardware Wallet is your favourite?
10:47 – Consequences of losing a Hardware Wallet
12:21 – What’s safer? Storing wealth in Hardware Wallets or with Banks?
13:37 – How does Crypto Payment work on your site?
14:55 – Q&A
Will not only speaks about My Hardware wallet, its inception and tremendous growth the past year as the first Cryptocurrency wallet distributor in the UK but also offers useful insight of the Hardware wallet industry, recommendations and also an exclusive deal to all listeners.
We’d love to hear your view so do not hesitate to contact us, subscribe to this blog for free, click here to arrange a FREE Consultancy meeting, send us an email at [email protected]warewallet.co.uk or Follow our social media channels on Facebook, Twitter, LinkedIn and Instagram.Posted by Myhardwarewallet on December 29, 2018 in Crypto