What are Hardware Wallets?

Hardware wallets are physical devices designed to store cryptocurrency private keys securely. They work by generating and storing the private keys on a secure hardware device, such as a USB drive, that is designed to be easy to use yet highly secure. In addition, the private keys are stored in a way that makes it difficult for them to be extracted or stolen, even if the device is compromised. To use a hardware wallet, you connect the device to your…