Why you should have 2 or more hardware wallets?
In this blog i am going to talk about your hardware wallet security and share best way to holding crypto. Most of the users ignoring this but this is not the thing that should be ignored.
Hardware wallets keep your keys offline so that mean if you not take care of your private keys that mean you are not protecting your bitcoins or other coins that you are holding.
Anyway let's move on the original topic that i am gonna talk about.
1.Extra backup and clone wallets
Let's say you have one hardware wallet that is damaged or you lost it. But if you have seed keys that mean your coins are safe. But most of the people do mistake here by spending their coins on any online wallet by providing private seed key there. But instead of this if you had another trezor or ledger wallet then you would able to store your coins in that wallet. So this way there is more risk to loss your coins.
Now another benefit is clone wallets. You can make clone wallets by your two hardware wallets. Now a question may have come in your mind that why clone wallets?
The answer is you can keep one wallet in your pocket for keeping handy and another one you can securely store in your locker at home. This is recommended thing for the user who holding huge amount of bitcoin and altcoins.
This is the smart way to holding bitcoins and other coins. How you can clone your wallet? follow these steps:
1.Take your second hardware device and configure the seed key and make sure you are configuring same seed key that you already configured in your first wallet.
2.Second step is set the pin. You can set same pin for both devices or different pin. It does not matter.
2.For educational purpose and mitigate the risk of crypto holding
You are holding crypto here And bitcon is digital gold so you are holding very precious thing. So guys keeping your precious crypto in single hardware wallet and seed is highly risky.
I will keep my bitcoin in one wallet and altcoins in second wallet so This way i am mitigating the risk.
Managing crypto is the basic thing and we must have knowledge about this. And crypto is the technology and it's a future so everyone will accpet the technology in future so we must have the proper education about it.
So keeping two hardware wallets will increase your knowledge in managing crypto.
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