Increasing Demand For Crypto Hardware WALLETS

If you have been in the cryptocurrencies sphere for sometime now, then you should probably be conversant with ways to protect your hard-earned coins and what type of wallets to use.

The main advantage of the Hardware Wallet is that it gives you more assurance of storing your cryptocurrency more securely, safely and also enables faster payments. More of the features of the hardware wallet are listed below:

1. Hardware wallets are resistant and immune to computer viruses.
2. They need a physical confirmation to carry out a transaction. This means that a person who does not physically have your device cannot transact and have access to your money.
3. Private keys to the wallet are stored securely in a protected area of the device. The key cannot be transferred out in plain text.
4. The device operation can be easily verified. This is made easier by the fact that companies use open source software for these devices.

THE TOP SIX CRYPTOCURRENCY HARDWARE WALLETS IN 2018

1. Ledger Nano S Hardware Wallet
   

2. Trezor Bitcoin Wallet
   

3. KeepKey Hardware Wallet
   

4. Cool Wallet Bitcoin Wallet
   

5. Open Dime Bitcoin Credit Stick
   

6. The Digital Bitbox
   

These features of hardware wallets are among the reasons why hardware wallets have seen steady growth in recent years. In an article published by https://www.ccn.com, it was revealed that demand for crypto hardware wallets is on the increase. It is reported that Ledger, one of the leading hardware crypto wallet manufacturers and developers, has sold more than 1 million hardware wallets in 2017.

Ledger President Pascal Gauthier, who was being interviewed by Forbes, stated that the lack of secure platforms which users can utilize to sign transactions on the blockchain led to the demand for Ledger and hardware wallets in general to rise. The positive financial outlook, as evidenced by the 2017 results, has led to some of the largest technology companies to show some investment interest in Ledger. The companies which have shown an interest to invest include, among others, Samsung, Siemens and Google's Ventures arm.

Please read this piece at https://www.ccn.com/ledger-sold-1-million-crypto-hardware-wallets-in-2017-attracts-investors-in-samsung-and-google/

DISCLAIMER: This is not an investment advice. Do your research before investing in anything.