What is a crypto hardware wallet?
Hey crypto friends!
Have you ever heard of a hardware wallet but don't know exactly what is? Stay with us in this article to clear up your doubts!
Let's start talking about cryptographic wallets, which are like piggy banks for storing your cryptocurrencies, which are like digital money.
There are two main types of wallets: "hot" and "cold". Hot wallets are like virtual piggy banks, located on your computer or smartphone. They are easy to use but can be less secure because they are always connected on the internet.
On the other hand, cold wallets are more secure. They are like physical piggy banks that you can hold in your hands. These wallets store your private keys on an external physical device, in an offline mode, such as a USB drive or a Bluetooth device. It's as if you had a real piggy bank to store your digital coins! An example is KleverSafe, which does precisely that! It's a type of cryptographic hardware wallet designed to keep your digital money secure.
So, when you use a cold wallet, your cryptocurrencies are well-protected inside this physical device, making it harder for hackers to attempt to access your coins. It's like having a super secure piggy bank for your digital money!
Public Keys and Private Keys
Hardware wallets don't actually store your cryptocurrency itself, but the keys that access it. Here's how it works:
Imagine you have a very secure piggy bank for storing your digital coins. This piggy bank would be a cold wallet. Inside this piggy bank, you won't find the coins themselves, but special keys that act like passwords to access and use your coins. These keys are like magical keys that only you can use to open the piggy bank and handle your coins.
One of these keys is like your identity, which you can share with others so they can send you coins (public keys). The other key is your own secret, like a password that only you know and use to open the piggy bank and manage your coins (private keys). When you hold your own private keys, it means you have total control over your digital finances. No one else can interfere with your transactions or tamper with your money without your permission. This is important because, on the internet, we want to be sure that our assets are secure.
So, when you use a cold wallet, it keeps your secret keys well-protected, so that no one else can access your digital coins!
How to use a Hardware Wallet?
- Connect the hardware wallet to your computer or smartphone.
- Set up the wallet, which usually involves creating a PIN code, like a password, to add an extra layer of security.
- The application for your hardware wallet will provide you with a wallet address, so you can receive and send your cryptocurrencies.
- When you want to send your cryptocurrencies to someone else, you need to confirm the transaction by entering the PIN on the hardware wallet.
Benefits of Hardware Wallet
You are in the Control
With a hardware wallet, you have full control over your private keys, which are like secret passwords to access your cryptocurrencies. This means that you are the only one who can manage your digital money, which is very important for keeping your finances secure.
Maximum Security
Since the private keys are stored offline at all times, meaning they are not connected to the internet, they are protected against malicious software that might try to steal your cryptocurrencies. This makes hardware wallets much more secure than virtual wallets, which are always online and can be targets for hackers.
Backup Options
If you lose your hardware wallet, you can still recover your cryptocurrencies using a recovery phrase or recovering seed, in the case of the Klever Wallet, composed of 24 words. This phrase allows you to regenerate your private keys and regain access to your funds, even using a different wallet.
Why choose the Klever Hardware wallet (KleverSafe)
There are currently a few hardware wallets in the market, but the Klever team has been truly focused on developing a distinguished one. We have built the iron-clad, highly safeguarded, ultimate hardware wallet, where high speed and app integration are some of its main advantages.
While most hardware wallets in the market, including the most popular ones, take more than 10 seconds to process transactions and perform operations, Klever’s Hardware Wallet aims to provide a trailblazing less-than-1-second duration for most operations in the blockchain.
In the future, people will be able to benefit from their usual transactions with high speed and total security.
With KleverSafe being fully integrated with the Klever mobile app, our Cold Wallet will distinguish itself even more from most of the famous ones.
Whereas those wallets usually include a very simplistic display which users need to operate to proceed with their transactions, the Klever Hardware Wallet will provide a friendly interface through our own mobile app, with the visuals our users are already used to.
The product is truly world class from the depth of the passion from the research and analysis team to the product design and implementation squad. Everything of the product is built to stand the test of time.
Having one of the KleverSafe devices is indeed a no brainer, it is indeed a Klever thing to do.
Now that you know about the Klever Wallet, what a hardware wallet is, how to use it, and understand the importance of storing your keys offline, I'm sure you're eager to find out where you can obtain KleverSafe.
Simply visit kleversafe.io, where you can easily purchase your own KleverSafe, paying with either Fiat or cryptocurrencies.
Conclusion
Using a hardware wallet is a very secure and reliable way to store your cryptocurrencies because you have full control, they are super secure against hackers, and you have backup options in case something happens to your hardware wallet. It's like having a super-protected piggy bank for your digital money!
Download the Klever Wallet and take the opportunity to make your cryptocurrency exchanges!
