Let’s go over the crypto security part and if you need to, check out Part1.
Bitcoin security is important. Your bitcoin or any cryptocurrency has a unique address or identification or private key. Therefore, you must realize the importance of keeping it safe. If you lose it, it’s hard to get it back, so you need to secure it as much as you can.
I need to emphasize this clearly, because security should be of utmost importance and should not be taken for granted.
There are countless stories of individuals who lost access to their computers (either through negligence or wrongdoing) and ended up never getting their bitcoin or other cryptocurrency back. This should equate to leaving your wallet vulnerable through a pickpocket or carelessness when going out.
Fortunately there is a way to doubly protect your assets. A secure hardware wallet will ensure that, if you are unlucky enough to lose access to your computer or tablet etc, (in any way) you will have the ability to recover your bitcoin, ethereum, litecoin and so on.
The hardware wallet allows you to recover your cryptocurrency on any other computer, because it is a usb connection that you use to secure your transactions.
The second level of security.
Trezor is the original hardware wallet and is easily setup for your bitcoin security. There are other products available, but for the rest of this article I decided to deal with the Trezor hardware wallet first.
The main principle for Trezors bitcoin security is one of zero trust.
Using the Trezor screen, you can independently verify and physically confirm each transaction directly on your device.
It also requires a pin from you every time you log in. Thus making sure that you are available at all times.
As a functional purpose, there are no other functions of the wallet.
Simple equals more security.
Trezor is not an exception to the risk of malware or viruses, period. However, the fewer devices Trezor communicates with, i.e. no Bluetooth, wifi or Qr code scanning, so the simpler the communication protocol, the safer your bitcoin security.
Also, Trezor does not have a battery. When unplugged, it is empty and your coins are safe from any cyber attack.
I hope I have emphasized the importance of bitcoin security. The main issues are, zero trust and concrete security. Also make sure your backup process is as secure as possible, ie if necessary make sure your details are accessible to someone you trust clearly.