$2.36 3.54%
ADA · 5w

Why would one prefer a cold wallet over a software wallet like daedalus or yoroi in terms of security?

I have an IT background so I am relatively clued about information security. That is to say if I use daedalus and keep my laptop secure and the seed secure and have backups, is it as good as or even better than a cold wallet? If you're recommending a cold wallet, may I request which brand/model you trust the most? One of my concerns with a cold wallet is I have heard of malicious agents intercepting the hardware in transit and tampering it so they can later steal the seed/passphrase. I am new to all this so, I appreciate everyone's patience. Is the cold wallet something like a USB so you can sort of format it to make sure it's clean before you use it? Another thing I read about is that with a cold wallet you have to sync it every so often, has got something to do with epochs etc. I'm sure to have many more questions as I do my due diligence as well so I hope this community welcomes such. I would like to make a little bit of extra money for my son's future, and at the same time I really believe in what I understand is Cardano's mission. Thank you.
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