is having your crypto stored on a cold wallet the best form of protection? why or why not? i have also been hearing people say cold wallets arent safe anymore?

It's safe if you're not retarded. Nothing is safe if you are retarded.

Simple as

>>60603201 (OP)
cold wallets are dumb

>>60603201 (OP)
That's a hardware wallet, not a cold wallet.

If you have your seed on a cold wallet (a physical, non electronic medium not connected to anything) then no one is getting that unless they physically break in and acquire it. Which can happen but is way less likely than some jeet or NSA exploiting some zero day exploit to open up Bitcoinseed.txt or your computer dying or flash drive getting wiped.

You can add additional parameters to the cold wallet like "it should be durable and able to withstand a fire or flood" and "it should be secure enough that someone actually has to want to be obviously bad to get it" etc. but yeah a cold wallet is obviously safer.

What do you think retard?
I have like 160k just in Bitcoin, I'm not going to store that in a hot wallet or a Firefox extension.
Trevor 3 + passphrase. Literally unhackable

>>60603201 (OP)
i have a ledger and luv it had it since 2020 and it works like a charm and its a beautiful little device simple as

would a ledger wallet be the safest way to hold ur crypto?

>>60603265
Buy trezor retard.
Ledger is not open source

>>60603277
are u saying ledger is easily hackable?

>>60603218
Until you find out that trezor lost your billing data and now czech gangsters are breaking into your apartment asking you where your crypto is. And don't try lying, they know cuz they have it in writing that you ordered one lmao.
God "hardware" wallet cucks are so retarded.
There isn't even such a thing as a "hard"ware wallet.
Cryptocurrency is SOFTWARE. But keep buying your 100+$ trinkets.

With a cold wallet you can't lock in the price of BTC like with a ledger

>>60603218
I think you mean figuratively unhackable. Trezor is most definintely hackable

>>60603291
Ledger firmware has a built-in back door in order to support their "optional" seed recovery service. Trust them at your own risk.

>>60603201 (OP)
In theory, yes
In practice, house fires burn hot enough to render your crypto steel wallet illegible, bank employees/the fbi have raided safe deposit boxes for private keys, some hardware wallets have backdoors, some hardware wallet companies have issues with keeping customer data secure, etc etc. There's no "best" way, just pick one that you're comfortable with

>>60603277
but muh open source
the only retard here is you.
>>60603358
news flash: any hw wallet manufacturer can deploy firmware that will ACTUALLY extract your seed, and have always been able to.

NO MATTER WHAT you are trusting an entity somewhere, unless you do some airgapped laptop shenanigans.

>>60603313
Are the Czech gangster in the room with us right now, anon?

best form of protection is not holding any crypto

>>60603508
Open source wallets cannot do this without getting caught. Ledger's secure element is closed and the back door is garanteed in order for the recover function to work. Your' better off using something open source like Trezor or going full autism mode and using a fully airgapped device.

>>60603701
Nocoiner cope is so delicious

>>60604098
open source is not inherently more safe. zero day exploits can still exist. no one reads the source code and tests it intimately before using. you are appealing to the authority of anonymous nerds who owe you nothing online to find issues with the open source project. and hackers who are motivated to understand the source code or provide support for open source projects know exactly how the system works.
whereas with ledger you're trusting they will only allow the US government to backdoor into your wallet.

>>60603201 (OP)
for somewhat small amounts these hardware wallets are great. everyone should have one and keep maybe .1 bitcoin on it.

for large amounts, whole coin+, you are unironically safer on an exchange with state backing and cold-storage certification such as Coinbase. This is a problem for people whose coins come through various degenerate schemes like gambling but for a normal person who purchased the btc on Coinbase in the first place this is the most secure place to store it at any given time. It's basically the same as having your money in a bank account instead of in your wallet.

>some nigger clocks you in the head
>you lose your memory and all your monies
good idea

>>60603313
How are they going to hack my passphrase again? Do you even understand how they work?
>Muh quantum computers
>Muh kidnapping
Okok

>>60603218
>hold btc
>gets up to $50k
>guess I should get a trezor
>gets up to $300k
>guess I should not hold this at all
>sell
>just buy cme futures instead

>>60603201 (OP)
Mines all on coinbase

>>60603513
kek.

>>60604868
the Linkie dream

>>60605104
it's much harder to rob the bank thank it is to rob your house. you basically have your money in an old-school safety deposit box

>blah blah blah what if there's a trezor exploit
hw wallets reduce the odds of malware on your computer exfiltrating your private key to an attacker. they don't make it a chance of 0% but they get stupid close.
hw wallets don't protect you at all from
>signing approvals on malicious smart contracts
>accidentally sending money to the wrong address
>getting phished
>clipboard exploits (ehh kinda, you can still verify the address on the tiny screen)
>having your handwritten backup stolen
hw wallets also don't work on lightning network haha
I still use a hardware wallet

>>60605096
>Dollar collapses
>Executive order under commie leader seizes/suspends all non-dollarized market securities "to promote public stability"
>Meanwhile I'm on a boat with butt plug seed in

We are not the same

>>60603201 (OP)
Don't talk about it will anybody if you don't like being tortured to death. Also you'll have quite high gas fees

>>60605492
do you have to be gay to be rich?

>>60603201 (OP)
don't fomo TODAY, anon, thats retarded

>>60603201 (OP)
Use everything, I have mine on Coinbase, Binance and on cold wallets