What does hardware wallet mean?
A hardware device that can securely store crypto-currency. This is one of the most secure ways to manage your cryptocurrency funds.
The hardware wallet gets its security from the fact that the users private keys are stored in a protected area of the microcontroller and cannot be extracted as plain text. Additionally, the hardware wallet functions offline, meaning the private keys are never exposed to potential hackers. There are several models of hardware wallets, with the Ledger Nano S being the most popular. Hardware wallets cost less than $100 and are an excellent investment for anyone who wishes to keep their Bitcoin and other cryptocurrencies safe.