Why do I need a hardware wallet?

Online wallets store private keys on internet-connected systems, making them vulnerable to cyber attacks. Storing your cryptocurrencies on an exchange also means you have no real ownership or control over them. If the exchange goes bankrupt or suspends withdrawals, you lose access to your funds.Hardware wallets store private keys offline, offering complete control and greater security. Even if you lose your hardware wallet, you can get a new one and use your recovery password to access your assets.

What is a cryptocurrency wallet?

Are you thinking of buying cryptocurrencies or NFTs? You'll need a cryptocurrency wallet.When you create a wallet, two keys are generated: a private key and a public key. The wallet stores these keys and allows you to sign transactions, manage new addresses, initiate transfers, monitor your wallet balance, manage your cryptocurrencies, and interact with decentralized applications (dApps).Cryptocurrency wallets are available in a variety of formats, from hardware wallets like Ledger to mobile apps that can be downloaded to your smartphone or tablet.