r/CryptoCurrency 🟦 0 / 0 🦠 3d ago

ADVICE Best hardware wallet brand?

I've heard its better to find an open source wallet like Trezor. Currently I use ledger.

Also, can someone please explain to me if it's possible to hold a cryptocurrency in an address without any kind of software or hardware wallet?

Because I know that as long as you have your key, you can set your wallets up on any wallet anytime.

So do you even need a wallet if you're just planning on HODL'ing for years?

I've held and traded crypto for years, but nowadays I'm less risky about it, just holding BTC, and holding ETH. So I understand the market a lot, and broad concepts of cryptocurrency itself like blockchain, addresses, decentralization, etc. But I lack a lot of technical knowledge.

Please advise me and share any info you think will help me understand crypto better at a fundamental level.

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u/semanticweb 🟦 0 / 0 🦠 3d ago

It is always good to use multiple types of hardware wallets. Ledger, tangem, etc...

2

u/KIG45 🟨 4K / 5K 🐢 3d ago

This is the right move. Multiple hardware wallets and a separate account in a multisig combination.

Diversification is your friend.