Home 2018-03-08T15:24:45+00:00
With the word bitcoin being used everywhere, it comes as no surprise that so many people are either already using the digital currency, or are considering to start using it in Canada. If you are just starting off in the world of bitcoin, then you probably know that the most important part without which you cannot buy, send or receive bitcoins is the bitcoin wallet. While there are a few different types of wallets out there, in this article we will focus on the hardware wallets. These are small computers or smartcards that are built with the sole purpose of generating bitcoin private keys. Hardware wallets will sign in with secure transactions in the same offline framework, which is why so many people are in love with them and in this blog post we will get to know you to some of our favorite crypto wallets.


This hardware wallet is the first bitcoin Bearer Bond and it is also known as a BITCOIN stick. This is a small USB stick that allows you to spend your bitcoins like a dollar bill, which is not something that you can do with just any wallet. You can pass it along multiple times, connect it to any USB in order to check your balance, unseal it any time in order to spend online and so on. The wallet itself acts like a read-only USB FLASH DRIVES and it can work with any computer, laptop and phone. The private key is generated inside the device and is never known to any human, not even the owner of it, for extra protection. Although the world of bitcoin is ever-changing, this wallet is built on the fundamental features that bitcoin has and those are features that nave not changed in five years. The whole point of this wallet it that is it physical and is was meant to let you just hand it to someone, pass it on multiple times and use it with minor fees and with no confirmation delays.


This bitcoin wallet that you can use in CANADA is a credit card-size hardware wallet that is very easy to use. The private keys of the wallet are generated offline and all transactions that are made are signed on the device and then send to a mobile phone using the NFC feature. This wallet is great if you are planning to use it every day because it is ideal for just that and that is because the device is very small, the size of a credit-card, and can easily fit into any wallet and no OTG cable it required.


Unlike the previous two hardware wallets that we mentioned, this is actually a very tiny computer rather than it being a smartcard or a USB. With this wallet, despite the look of it, the private keys are still generated offline. Something that is special about this wallet is that is generates a 24-word seed that is displayed and copied down during the backup process and is something that can help you recover your wallet in case of theft or if you happen to lose the device. As an extra security measure the seed isn’t displayed on an online computer and alongside the seed, you can also add a passphrase which will protect you in case someone finds your seed. The great thing about adding this passphrase is that if an attacker tries to go after your wallet, they won’t e be able to do so without both the seed and the passphrase. One thing you need to be careful of is the fact that the passphrase cannot be recovered if you happen to lose it.
The type of wallet that you choose to use is entirely up to you and to the needs that you have and the way that you intend to use your bitcoins in Canada. A hardware bitcoin wallet is a great option if you intend to use it on a more frequent bases, and if that is something that you intend to do, then definitely check out the great options that we listed for you above.