06-08-2020, 10:01 AM
Cold wallet vs secured 12 word phrase
<!-- SC_OFF --><div class="md"><p>I've been following the following wallet security advice:</p> <p>- Setup a warm wallet like Exodus (desktop software wallet) and deposit crypto</p> <p>- Store the recovery phrase in a secure way (I have 6 words stored in google drive, 6 words printed and stored in a physical location). Also memorize it. </p> <p>- Delete the wallet from your device</p> <p>Allegedly this is as secure as a cold wallet or hardware wallet. Also, there is no device to hack. It also means I don't rely on a physical device - I can travel between countries freely with with recovery phrase memorized or stored securely. </p> <p>My question: is there any reason for me to still get a hardware wallet? What advantages would a trezor have over my current setup?</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>I've been following the following wallet security advice:</p> <p>- Setup a warm wallet like Exodus (desktop software wallet) and deposit crypto</p> <p>- Store the recovery phrase in a secure way (I have 6 words stored in google drive, 6 words printed and stored in a physical location). Also memorize it. </p> <p>- Delete the wallet from your device</p> <p>Allegedly this is as secure as a cold wallet or hardware wallet. Also, there is no device to hack. It also means I don't rely on a physical device - I can travel between countries freely with with recovery phrase memorized or stored securely. </p> <p>My question: is there any reason for me to still get a hardware wallet? What advantages would a trezor have over my current setup?</p> </div><!-- SC_ON --> Kind Regards R