How many hardware wallets should I have? More than 11 reasons | By henry windle | April 2025
“I bought 2 with the initial order. I set it to use one and put it in a locked storage.
Of course it will partially depend on the value of the assets you want to protect. ” – Trezor Reddit User
This is the most common reason for getting a second hardware wallet.: Peace of the heart.
Imagine …
• The device is damaged
• The device has been lost
• The device was stolen
It may be unexpectedly unexpected for a pet to eat a device (surprisingly, this happened with a dog).
Or it’s as dramatic as the wrong or stolen device.
Think of this device as an emergency backup.
You can use this backup device to immediately access and secure funds. You don’t have to waste time ordering a new hardware wallet. Pins and/or passwords can immediately access the funds to secure or move safety.
Obviously, in this case, the same wallet is restored to duplicate the original hardware device. They are usually stored in different locations.
Two things happen after entering Crypto…
- Buy hardware wallet
- To everyone who knows how encryption changes the world!
it’s okay. The moment you enter the encryption, you can’t stop talking about it. We were all there.
Presenting hardware wallets is a good way to help friends and family start their own trips without leaving their assets.
You can answer questions.
Like this Trezor Model T user,:
“I bought this encryption wallet as a gift in Prime and scored a lot of goals! The recipient shared that it could work easily and effectively.
And if you give a hardware wallet to someone who needs help to start?
Consider a presentation of a boarding session with one of Trezor experts!
“BTC-> BTC does not want to exchange only firmware. Otherwise, it is not necessary. Consider getting multiple hardware wallets except when there is a BTC/crypto tone.” -Trezor Reddit comment
We sell hardware wallets dedicated to Bitcoin for Trezor Safe 3 & Trezor Safe 5.
It is not uncommon for a device for a bitcoin and a device for encryption.
Some users prefer to separate Bitcoin from other cryptocurrencies for simplicity and security. If Bitcoin consists of most encryption, this can be you.
Are you interested in Bitcoin -only devices? You can check here to check.
Although it is actively trading, it is reasonable to maintain a separate device if it is luxurious between Bitcoin and Altcoin.
• A wallet for transactions -It is connected to the transaction and is often used.
• Long -term storage wallet -Save it safely without touching it.
In the long term, I don’t want to spend too much time in hardware wallets beyond the update required.
If you have a device that is used only for a deal and other devices that are tightly hidden, it is much easier and safe because the trading wallet wants to share frequently.
“I thought it was reasonable not to put all the eggs in one basket.” -Trezor forum Comment
Why do you keep all encryption in one wallet because you don’t keep all money in one bank account?
• Several wallets can divide funds through the device to reduce risks for theft, loss or damage.
• You can also create multiple wallets in one device using passwords (advanced features).
For more information about encryption, see:
This is not a fun question, but it is necessary.
Everyone who owns encryption should consider this at some point in life. What happens when a family can access encryption?
Do they know where your hardware wallet is and how to approach funds in an emergency?
It is not uncare to provide a hardware device to a trusted family or executor, but in general, it is part of multi -set.
If this is interested in you, take a look at Trezor’s multi -shared backup.
As the encryption economy grows, this is becoming more common.
In Trezor, we have encryption as a business, so it is reasonable to have business and personal funds separately and protective layers.
If you accept encryption payments or have encryption with a company Dedicated business hardware wallet is guaranteed:
• Separation of funds
• easier accounting and security
To own and manage your business and manage your encryption, you need to get a second hardware wallet to manage and transparently.
Do you feel comfortable to carry the main hardware wallet while traveling?
The Secondary Travel Wallet can have limited funds and the main assets are safe at home.
tip: Using a password to create a separate wallet that can be moved in the device.
Some people collect trainers. Others collect hardware wallets.
Hardcore encryption users like to upgrade to the latest safest hardware wallet technology.
But having multiple wallets is not fun, but always use the best hardware to protect your assets.
Considering how many hardware wallets are often protected, investments are often considered reasonable.
Bitcoin adoption grows through education.
If you teach a friend, run a host group or a workshop, you will be easier to learn if you have a dedicated hardware wallet for demos.
Trezor Academy uses hardware wallets for direct education and helps people learn their use in the right way.
If you participate in a similar event, it is better to get an extra device!
Should I approach the funds immediately? Multisy is probably not for you.
Do you want an additional security class and don’t care about complexity? Multiciggs can be a great option!
MultiSig (Multi-Signature) is a very safe way to store encryption and eliminates the risk of single failure.
Instead of relying on a single wallet, you need multiple keys (usually multiple devices) to approve transactions. This reduces the risk of a loss or stolen approach.
Some users are more difficult to access their own funds, such as selecting multisig to distribute autographs in multiple positions or to search for physical travel to search for signature devices.
warning: Multisig is not familiar to beginners. If you set it incorrectly, you can permanently lose access to funds. Progress carefully!
