Bitcoin only Hardware wallets

Bitcoin only hardware wallets

Bitcoin only hardware wallets are specially designed for storing and managing Bitcoin only securely. They offer extra security through their simplicity: less complex software means less chance of errors and vulnerabilities. This makes them ideal for people who focus exclusively on Bitcoin, such as Bitcoin maximalists or beginners who appreciate simplicity and ease of use.

Why are Bitcoin-only wallets more secure?

Because they only support Bitcoin, the software is less complex than with multi-currency wallets. This reduces the risk of security breaches and makes it easier to optimise features such as SegWit, Taproot and multisig. In addition, you are not at risk from poorly designed or vulnerable altcoins.

Who are these wallets suitable for?

They are perfect for people who only use Bitcoin and have no need for other cryptocurrencies. Beginners also benefit from simplicity, as there is less chance of making mistakes.

What is a possible drawback?

The limitation to just Bitcoin. If you also want to manage other currencies, a multi-currency wallet might be a better choice.

What do you look for in a hardware wallet: maximum focus on Bitcoin or support for multiple crypto currencies?