{"id":6533,"date":"2019-07-22T10:54:46","date_gmt":"2019-07-22T10:54:46","guid":{"rendered":"https:\/\/paybis.com\/blog\/?post_type=glossary&#038;p=6533"},"modified":"2026-01-06T12:49:03","modified_gmt":"2026-01-06T12:49:03","slug":"what-is-a-hardware-wallet","status":"publish","type":"glossary","link":"https:\/\/paybis.com\/blog\/glossary\/what-is-a-hardware-wallet\/","title":{"rendered":"Hardware Wallet"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Storing cryptocurrency is easy to do. But not all wallets are secure and even less are impenetrable. Hardware wallets, in this case, offer the best security for your coins.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What is a hardware wallet?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Hardware wallets are devices that help an individual generate, unlock and access his cold wallets.\u00a0<\/span><\/p>\n<!--[if lt IE 9]><script>document.createElement('audio');<\/script><![endif]-->\n<audio class=\"wp-audio-shortcode\" id=\"audio-6533-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/10\/17-What-is-a-Hardware-Wallet-and-How-Does-it-Work.mp3?_=1\" \/><a href=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/10\/17-What-is-a-Hardware-Wallet-and-How-Does-it-Work.mp3\">https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/10\/17-What-is-a-Hardware-Wallet-and-How-Does-it-Work.mp3<\/a><\/audio>\n<h2><span style=\"font-weight: 400;\">How does a hardware wallet work?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/paybis.com\/blog\/best-hardware-wallets\/\">Hardware wallets<\/a> were introduced to the public after observing the difficulties presented in paper wallets. The devices come in different shapes and sizes making it a lot easier for investors to have their wallets with them at all times if necessary, as well as keeping an overview of their funds.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Within a hardware wallet, users can create multiple cold wallets for a large number of different cryptocurrencies and transfer these to any other wallet of preference. Currently, popular hardware wallets support more than 1000 coins.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And what happens in case you lose your device? Even if this happens, you are totally safe. Users can easily restore their funds thanks to a secret 12 or 24-word password that is used to regain access to their lost wallets.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hardware wallets are devices that help an individual generate, unlock and access his cold wallets.<\/p>\n","protected":false},"featured_media":0,"template":"","glossary_letter":[282],"glossary_term":[277,281],"class_list":["post-6533","glossary","type-glossary","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is a Hardware Wallet and How Does it Work? - Paybis Blog<\/title>\n<meta name=\"description\" content=\"What is a hardware wallet? You have seen them, time and time again, being used to store precious cryptocurrency. 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