How do Hardware Wallets Work?

“When you own a cryptocurrency wallet, what you actually have is a private and public key. A hardware wallet stores your private keys on a physical and portable device, rather than keeping it bound on a clunky PC or laptop. Your public key is the wallet portion of the software and your private key is the “deed” to your wallet, so to speak. It proves your ownership of it.

Hardware wallets can currently claim to be immune to certain viruses, as they are simply storing data without an operating system on it to infect. This claim is not necessarily true, as hardware wallets can still be infected with malware.

As well, most hardware wallets still run on a given software, meaning that the quality of the wallet can only be as good as the software running it. So keep that in mind before committing to one under the impression that it’s invulnerable, no matter how many companies and developers make promises and earn certifications.

Keeping these flaws in mind, hardware wallets are definitely useful, if you can get one from the right source that also meets your needs as a customer.”