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A comment on Tokyo-based cryptocurrency exchange hacked, losing $530M: NHK. Parent comment

Re:Tokyo-based cryptocurrency exchange hacked, losing $530M:... by makemoniesonlin on Friday January 26, 2018 @02:26PM (#16242115)
You store the seed phrase securely as well somewhere, and if the hardware wallet fails, you can still access your coins.
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Re:Tokyo-based cryptocurrency exchange hacked, losing $530M:... by fermienrico on Friday January 26, 2018 @03:09PM (#16242449)
So then the chain continues: You need another hardware wallet to secure the seed phrase?

As someone said earlier in this thread - Hardware wallets are simply another computer that stores your private key. There is nothing inherently different about its "Hardware".

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Re:Tokyo-based cryptocurrency exchange hacked, losing $530M:... by glitch003 on Friday January 26, 2018 @06:55PM (#16243896)
The seed phrase is 24 words. You write it on paper, you don't need another hardware wallet to secure it.

You can import that seed phrase into any number of wallet programs if you lose your hardware wallet.

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