Software Wallet Vs Hardware Wallet. Hardware wallets are best for protection of larger amounts for non professionals. Software Wallets vs Hardware Wallets Most of us start off using either software wallets or online wallets.
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These wallets store private keys on a hardware device meaning you dont have to leave your private keys on a computer which may potentially be hacked into. There are many different vendors like Exodus for your desktop and Coinomi for your smartphone. It is less secure but has its own advantages.
A hardware wallet is more expensive than paper wallet.
Hardware wallets are more safe and secure as compared to paper wallets. A paper wallet is simple to use than. These keys give your wallet access to the Bitcoins allocated to it on the Bitcoin transaction ledger called the blockchain. Both wallet types perform the same function of storing a users private keys and providing access to the blockchain.
