Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Wallets => Topic started by: dkbit98 on March 08, 2024, 09:21:27 PM
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Hardware wallets are much safer option for holding your cryptocurrencies, and there are many options to choose but they are not perfect.
If you are using hardware wallet please tell us the model you have.
If you don't use any hardware wallet can you please state your reasons why.
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The only hardware wallet I have is my SSD(includes multiple altcoin wallets) and Flash drive(For BTC wallet) with tails OS which is I think better than the hardware wallets like Ledger or Trezor they have both had some issues before.
That is why I decided to keep my wallet under my own protection instead of relying on any hardware wallet because for me I believe there is no foolproof method for protecting wallets against malware/phishing attacks and I believe I can protect my wallet from any of these by using the wallet in offline environment. The only downside not all crypto are supported.
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I used a Ledger Nano S during years, and after the recent events I've decided to take an open-source alternative. I have a Trezor, for my stablecoins and altcoins in general (I don't hold much so the lack of coins available in Trezor Suite is not an issue for me).
I use Electrum on a air-gapped computer for my BTC : I removed the NIC card of the computer, and the OS is Debian (encrypted). I guess I should be ok and protected from many potential issues (I hope so at least).
I am actually doing a pitrezor, but it is for fun only, I won't use it with my funds.
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I have the ledger nano s, the very first version of them, i just replaced the screen since it doesn't show the digits/characters in it anymore because the device's age.
I did have the X version too but never used it and just sold it here in my local marketplace.
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I bought a few wallets to try them out, but I still prefer to keep most of what I have using the airgapped system and use hardware wallets when I want to move from one place to another and want to trade.
Current hardware wallets are now offering features that were not previously available, some of them have become airgapped, and with the increased competition among them, I believe that we will witness better development in the coming years instead of the Ledger Trezor option, which has been going on for years.
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I see several people saying they are using air-gapped computer system instead of hardware wallet, but I think this is not the best option for most people.
It is easy to make mistakes with offline computer, with operating system, connection with other devices, and with many other things.
Another negative side is that you cant exactly easily make this system portable and usable in the same time.
I am not telling everyone to buy hardware wallets, but there are plenty of small portable DIY devices (raspberry pi zero, maix amigo, M5StickV, etc) that are much than laptops.
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I have the ledger nano s, the very first version of them, i just replaced the screen since it doesn't show the digits/characters in it anymore because the device's age.
I did have the X version too but never used it and just sold it here in my local marketplace.
It seems like the Nano S screen problem is quite common. I also had this problem a few months ago, and after that, I no longer use my Nano S, not only because of the problematic screen but also because of how Ledger has become recently. I also run an air-gapped device for cold storage but have a live USB for flexibility. They are cheap in my area, which is why I can make multiple backups with them. I'm considering purchasing Trezor or building my own device but still don't have the time to do that.
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Hardware wallets are much safer option for holding your cryptocurrencies, and there are many options to choose but they are not perfect.
If you are using hardware wallet please tell us the model you have.
If you don't use any hardware wallet can you please state your reasons why.
And what about you OP? :)
Which one do you use (if you use any hardware wallet of course)?
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It seems like the Nano S screen problem is quite common. I also had this problem a few months ago, and after that, I no longer use my Nano S, not only because of the problematic screen but also because of how Ledger has become recently. I also run an air-gapped device for cold storage but have a live USB for flexibility. They are cheap in my area, which is why I can make multiple backups with them. I'm considering purchasing Trezor or building my own device but still don't have the time to do that.
You can easily purchase and replace screen for old nano s devices.
There are plenty of instructions posted online and we wrote about that on bitcointalk forum:
https://bitcointalk.org/index.php?topic=5406622.0
I would not suggest ledger wallets to anyone because they are closed source, and have history of problems, leaks and discontinued devices.
However, they are still slightly better than most hot wallets.
Which one do you use (if you use any hardware wallet of course)?
I tested and used a bunch of them and I prefer to use DIY signing devices like Seedsigner and Krux.
They can be assembled or purchased easily and they are not directly associated with bitcoin.
Trezor and Passport are also a good choice.
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I have the ledger nano s, the very first version of them, i just replaced the screen since it doesn't show the digits/characters in it anymore because the device's age.
I did have the X version too but never used it and just sold it here in my local marketplace.
Have you had it repaired? Or did you send the device back to them? I have read many times that there are problems with this cold wallet, such as: "Screen freezes/does not display seed phrase/does not charge the device, etc." Honestly? After texts like this, the credibility of this campaign drops. How do they sell such expensive wallets if users are facing such рroblems. I personally would refuse to pay $150-300 dollars for a device that will have constant problems with while using it.
P.S. If there have been any other problems, please share them. I personally would be very interested to hear about other users' experiences. It's important. ::)
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Have you had it repaired? Or did you send the device back to them? I have read many times that there are problems with this cold wallet, such as: "Screen freezes/does not display seed phrase/does not charge the device, etc." Honestly? After texts like this, the credibility of this campaign drops.
Yes, i have fixed it, i got the screen from overseas. I didn't try to return them because it will take long time for the shipping sending and returning back to me. My issue is the device not showing properly its text like the image below it's from reddit.
(https://i.ibb.co/kKmwQsJ/RDT-20240314-0023365418102094976179838.png)
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Hardware wallets are much safer option for holding your cryptocurrencies, and there are many options to choose but they are not perfect.
If you are using hardware wallet please tell us the model you have.
If you don't use any hardware wallet can you please state your reasons why.
Honestly speaking, in my few years in the cryptocurrency business industry, I haven't bought anything because I haven't prioritized it yet. The only ones I can use right now are Metamask, Electrum, Klver, Sometimes Trustwallet, and Mycelium, and a USB flash drive where the private key and seed phrases are saved in three flash drives.
But when I get a lot of money, I will also buy hardware because, of course, it's still nice to have an HD wallet, to be honest.
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If you don't use any hardware wallet can you please state your reasons why.
For now am not using any hardware wallet and this is not because i cant afford to buy one, but i see no need for securing one yet when am perfectly good with the use of electrum wallet, cold storage is as good as having a perfect maintenance on the uses, we must not be able to afford handling it in such a way that can cause damage on the device.
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For now am not using any hardware wallet and this is not because i cant afford to buy one, but i see no need for securing one yet when am perfectly good with the use of electrum wallet, cold storage is as good as having a perfect maintenance on the uses, we must not be able to afford handling it in such a way that can cause damage on the device.
I literally posted that you can get a FREE Safepal hardware wallet a while ago, so excuses like ''I don't have money'' or ''I can't afford it'' are silly.
https://www.altcoinstalks.com/index.php?topic=316264
I am 100% sure that most of the people saying they are using electrum cold wallets are doing it wrong and it's not really a cold wallet.
But hey do whatever you want.
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Hardware wallets allow you to accept more cryptocurrencies, while the airgapped system is easier for those who want to keep Bitcoin, and it is difficult to allocate software for most altcoins, so if you want to hodle altcoin, purchasing hardware wallets is better than the airgapped system.
Honestly speaking, in my few years in the cryptocurrency business industry, I haven't bought anything because I haven't prioritized it yet. The only ones I can use right now are Metamask, Electrum, Klver, Sometimes Trustwallet, and Mycelium, and a USB flash drive where the private key and seed phrases are saved in three flash drives.
Storing the private key digitally and using closed source wallets are bad options for anyone who wants to hold cryptocurrencies for the long term.
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Yes, i have fixed it, i got the screen from overseas. I didn't try to return them because it will take long time for the shipping sending and returning back to me. My issue is the device not showing properly its text like the image below it's from reddit.
First time I've seen a problem like this. It's a terrible situation. Maybe try to write Ledger on mail about this situation, let them compensate your expenses. The problem was not on your part. If you wrote to them - tell them about it, it will be interesting to read. Good thing I don't use that kind of wallet. How long has it been from 1-use to this breakdown? Or did it happen immediately? As soon as you turned on the device? How much did the replacement screen itself cost? :(
P.S. I can't imagine how a new device with such a small screen can break. It's just terribly.
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First time I've seen a problem like this. It's a terrible situation. Maybe try to write Ledger on mail about this situation, let them compensate your expenses. The problem was not on your part. If you wrote to them - tell them about it, it will be interesting to read. Good thing I don't use that kind of wallet. How long has it been from 1-use to this breakdown? Or did it happen immediately? As soon as you turned on the device? How much did the replacement screen itself cost? :(
P.S. I can't imagine how a new device with such a small screen can break. It's just terribly.
I never tried to contact them because of thinking that it will be returned which will take so much time knowing i'm from SEA and Ledger is from EU. Plus i'm using it in almost 2 years already so it will be shameful from my side to return it or asking for replacement. The ledger screen is very cheap it's below $10.
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I never tried to contact them because of thinking that it will be returned which will take so much time knowing i'm from SEA and Ledger is from EU. Plus i'm using it in almost 2 years already so it will be shameful from my side to return it or asking for replacement. The ledger screen is very cheap it's below $10.
In this case, of course, there is no point in sending it to them and since I thought the replacement would cost almost the full value of the purse. It's more strange why this happened, especially considering it's a brand new device. I don't get it, though. I've read many times that users received a device that couldn't be turned on/or with battery problems. Anyway, what do I wonder thank you for writing about it.
P.S. Doesn't Trezor have that problem? If you're using this cold wallet. I've only read positive reviews, he doesn't seem to have any problems with it. ::)
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It's more strange why this happened, especially considering it's a brand new device. I don't get it, though. I've read many times that users received a device that couldn't be turned on/or with battery problems.
I don't think it is a new device though, since he mentioned he used for 2 years already. I consider any device used for more than 1/2 months as an old device, even though it has a 2 year guarantee. CMIIW.
That being said, this is a common problem for Nano S. I get it myself after 2 years of usage, pretty similar with px's case. Any decide can be faulty whether you buy it from Ledger or not. Just take a look at social media and you'll found similar problems albeit not as prevalent as Ledger's case.
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Yes, I have used HW since 2017 or 2018. I first had a Ledger and about a year ago it got screwed up and I bought a Trezor. They do their job but neither are ideal. Ledger is a shitty company that gets hacked every now and then, and in the case of Trezor that deletes your data after three months, and for me this is an advantage, it seems to collaborate in blockchain analysis. So if I had to buy one now I would buy a Passport one or something else.
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First time I've seen a problem like this. It's a terrible situation.
Than you must be leaving under the rock all this time :P
And what is so terrible about it?!
PX-Z said that he FIXED the problem and replaced it with cheap new screen.
PLEASE STAY ON TOPIC.
Thank you.
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Hardware wallets are the most secure for holding Bitcoins and those who have enough facilities and have enough investments usually hold their investments through hardware wallets. There are some rules for using hardware wallet and it is not so easy to use so many times there is a desire to use hardware wallet but that desire is not fulfilled. I mostly use software wallets or exchange wallets to store my bitcoins, I have never used a hardware wallet until now. But in future I plan to use hardware wallet. Now that I use a good quality software wallet I am much more confident and secure with my bitcoins than when I use a hardware wallet.
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That being said, this is a common problem for Nano S. I get it myself after 2 years of usage, pretty similar with px's case. Any decide can be faulty whether you buy it from Ledger or not. Just take a look at social media and you'll found similar problems albeit not as prevalent as Ledger's case.
I've read about similar problems before. The biggest surprise is how it happens + expensive for such a wallet (which breaks all the time). Is the situation similar for the others? Anyway, the more I read such reviews, the less I want to buy such devices.
P.S. The other day, Trezor's official account page was hacked on X. How can you trust your funds after something like that? How do they manage, not to take care of security, yet, themselves provide services in the direction of security. ;D
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Hardware Wallets are really safe and secure for our coins This is impossible to be hacked. People prefer using this one especially if they're looking for a long-time hold. But it is a little bit pricey but secure
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P.S. The other day, Trezor's official account page was hacked on X. How can you trust your funds after something like that? How do they manage, not to take care of security, yet, themselves provide services in the direction of security. ;D
Does the hacking of Trezor's official account on X media indirectly mean that the Trezor hardware wallet is easily hacked, too?
I don't know whether the admin account is also the core team in the Trezor hardware development project.
Regarding the poll question, I use a hardware wallet for daily transactions. I have submitted my vote.
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I've read about similar problems before. The biggest surprise is how it happens + expensive for such a wallet (which breaks all the time). Is the situation similar for the others? Anyway, the more I read such reviews, the less I want to buy such devices.
Some hardware has issues, but saying they are too expensive and break all the time is an exaggeration IMO. Those who buy and find no issues after years of usage do exist, obviously, they won't complain on social media because of that. You can build your device if you don't want to buy from a company and are fine with setting up stuff on your own. That's not a reason not to use a good cold storage/HW to store your funds in my opinion.
How can you trust your funds after something like that? How do they manage, not to take care of security, yet, themselves provide services in the direction of security. ;D
To be fair, Twitter's security system is terrible too. I think it is a flawed logic to assume their code is weak just because of that, Trezor is not a single entity and their social media activity certainly has no connection with how they develop their firmware. CMIIW.
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I've not used any hardware wallet since I started crypto, I was actually going to buy a trezor hardware one time but I later changed my mind.
I have no tangible reason as to why I am not using a hardware wallet currently, aside from the fact I often feel like I don't really need one yet, I mean, I don't hold alot of crypto at the moment, it's very easy for me to manage my current crypto holding on my desktop wallet, as well as software wallet on mobile device, I will consider buying a hardware wallet when my crypto holdings climbs to atleast, a minimum total of $100,000 or more in dollar value.
And beside, it important for us to understand that, we wallet (be it a hardware wallet or software wallet) is just as secure as we ourselves make it, a hardware wallet can still be hacked if we exposed it's keys to other people.
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I've not used any hardware wallet since I started crypto, I was actually going to buy a trezor hardware one time but I later changed my mind.
I have no tangible reason as to why I am not using a hardware wallet currently, aside from the fact I often feel like I don't really need one yet, I mean, I don't hold alot of crypto at the moment, it's very easy for me to manage my current crypto holding on my desktop wallet, as well as software wallet on mobile device, I will consider buying a hardware wallet when my crypto holdings climbs to atleast, a minimum total of $100,000 or more in dollar value.
And beside, it important for us to understand that, we wallet (be it a hardware wallet or software wallet) is just as secure as we ourselves make it, a hardware wallet can still be hacked if we exposed it's keys to other people.
I understand your point of view, but when you say " a minimum total of $100,000 or more in dollar value.", I sincerely hope that you don't hold something big like $50k in a hot wallet ; this would be very risky in my opinion :P .
You're right to say that the most vulnerable thing is located between the keyboard and the chair (using hardware wallet or not), but isn't it still always better to minimize all the other risks as much as possible? For example, I would not hold any crypto in a desktop app with a Windows OS computer, or avoid to keep my funds on my daily latpop if that was the case.
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I am 100% sure that most of the people saying they are using electrum cold wallets are doing it wrong and it's not really a cold wallet.
But hey do whatever you want.
OMG I missed that thread, just saw it, BTW thanks even if I was not able to take advantage of it. Well, speaking of reasons of not acquiring one HD, is crypto is basically banned, and I don't want any kind of attention, there is not amazon here, that we can use to buy things trustfully. Plus as I said I don't want to get any type of attention because HD wallets are mostly used by those who have thousands of funds in there holdings. And I don't have thousands of funds so I don't think I am in need of it right now.
besides, there are much better ways to secure funds IMO but as you said HD has its own perks but I will pass them, as they can get physical damage, they can be lost, etc. etc.
Hardware Wallets are really safe and secure for our coins This is impossible to be hacked. People prefer using this one especially if they're looking for a long-time hold. But it is a little bit pricey but secure
I will not say they are impossible to be hacked, if you will connect them with compromised devices they will be compromised as well, besides using HD wallets we can use Airgapped wallets as well. But complexities in using Airgapped wallet increases in compare to HW for a newbie.
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besides, there are much better ways to secure funds IMO but as you said HD has its own perks but I will pass them, as they can get physical damage, they can be lost, etc. etc.
Yeah but not more than any other wallet, as a seed is a seed and as long as you own it, your funds shouldn't be lost even if you break or lose your hardware wallet.
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besides, there are much better ways to secure funds IMO but as you said HD has its own perks but I will pass them, as they can get physical damage, they can be lost, etc. etc.
The smartphone or PC you use to install the wallet can also be lost or damaged.
If you have a backup seed phrase from your hardware wallet, you can always recover your wallet from damaged or lost hardware to the same type of hardware wallet or another wallet that still supports the same kind of seed.
Hardware Wallets are really safe and secure for our coins This is impossible to be hacked. People prefer using this one especially if they're looking for a long-time hold. But it is a little bit pricey but secure
I will not say they are impossible to be hacked, if you will connect them with compromised devices they will be compromised as well, besides using HD wallets we can use Airgapped wallets as well. But complexities in using Airgapped wallet increases in compare to HW for a newbie.
As far as I know, hardware wallets are less likely to be compromised, even if connected to compromised devices, because the hardware wallet does not use the same operating system as the device.
A virus-infected computer or smartphone is a common cause for loss of cryptocurrency investments. If the victim uses an online (hot) wallet, the criminals can steal the private key and perform, all by themselves, any transactions they need to empty the wallet. The trick won’t work with a hardware wallet, but other attack vectors can be employed in this case.
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Does the hacking of Trezor's official account on X media indirectly mean that the Trezor hardware wallet is easily hacked, too?
I don't know whether the admin account is also the core team in the Trezor hardware development project.
Everything is as individualized as possible. For some people it doesn't, for others it really plays a big role. In any case, this is unacceptable - if the goal of the campaign is safety and tc. In any case, this is a prime example of the kind of thing That it is not safe to keep funds anywhere + a lot of things may indirectly not depend on us.
P.S. I personally do not use this wallet. In general, the reviews I read about it are only positive. Everyone makes the final choice on their own. 8)
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The smartphone or PC you use to install the wallet can also be lost or damaged.
It's probably much easier for smartphone to be lost or stolen than any other device people are using.
Fact is that many people use weak passwords, one password for everything, or they don't use any protection at all, makes their smartphones very insecure.
As far as I know, hardware wallets are less likely to be compromised, even if connected to compromised devices, because the hardware wallet does not use the same operating system as the device.
I didn't hear anyone losing coins by connecting hardware wallets to compromised devices, but it s possible for some malware to change and insert their receiving addresses.
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The smartphone or PC you use to install the wallet can also be lost or damaged.
It's probably much easier for smartphone to be lost or stolen than any other device people are using.
Fact is that many people use weak passwords, one password for everything, or they don't use any protection at all, makes their smartphones very insecure.
Moreover, the wallets on smartphones not protected by antivirus/anti-malware software can be more vulnerable when connected to the internet more frequently.
As far as I know, hardware wallets are less likely to be compromised, even if connected to compromised devices, because the hardware wallet does not use the same operating system as the device.
I didn't hear anyone losing coins by connecting hardware wallets to compromised devices, but it s possible for some malware to change and insert their receiving addresses.
Therefore, it is necessary to double-check the address on the hardware wallet when making a transaction.
As you mentioned, cases like malware that hacks devices (computers or smartphones), such as Clipboard attacks, may still occur.*
Nor have I ever encountered a case where a hardware wallet was affected by connecting to compromised devices.
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Risk number three: malware
A virus-infected computer or smartphone is a common cause for loss of cryptocurrency investments. If the victim uses an online (hot) wallet, the criminals can steal the private key and perform, all by themselves, any transactions they need to empty the wallet. The trick won’t work with a hardware wallet, but other attack vectors can be employed in this case. For example, the moment the victim makes a legitimate transfer, malware can substitute the destination wallet’s address to redirect the money to the criminals. To pull it off, malware monitors the clipboard and, as soon as a crypto wallet address is copied there, replaces it with the scammers’ wallet address.
The threat can be mitigated to some extent by carefully matching the addresses displayed in the hot wallet or on the cold wallet screen, but depending on the device some other issues may come into play: many hardware wallets have a screen that’s too small to adequately read long blockchain addresses. And knowing that the hardware wallet’s integration with the computer application can also be vulnerable to attacks, even the address displayed on the computer screen can be falsified.
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Moreover, the wallets on smartphones not protected by antivirus/anti-malware software can be more vulnerable when connected to the internet more frequently.
All those anti-virus and anti-malware software is mostly crap that is only used for spying, they won't protect any computer from getting infected, they will just have a bunch of false positives, and waste system resources.
Good Linux operating system doesn't need any anti-virus software, it's only needed to wind0ws crap.
Malware can still be installed on smartphones with apps and clicks.
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Moreover, the wallets on smartphones not protected by antivirus/anti-malware software can be more vulnerable when connected to the internet more frequently.
All those anti-virus and anti-malware software is mostly crap that is only used for spying, they won't protect any computer from getting infected, they will just have a bunch of false positives, and waste system resources.
Yes, not all antivirus work appropriately, and not all OS also need antivirus; in this case, the hardware wallet doesn't need this too, because there is little chance of being infected by a virus;
The antivirus I mean above is for operating systems that are known to be susceptible to viruses, whether it's the PC or smartphone OS version.
Good Linux operating system doesn't need any anti-virus software, it's only needed to wind0ws crap.
Malware can still be installed on smartphones with apps and clicks.
I am a MacOS user, and so far, I have never encountered any problems related to viruses/malware, such as clipboard attacks or other types of viruses.
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- Right now while I'm still waiting for my hardware wallet order, the first thing I'm using for the meantime is flash drive USB, and for bitcoin it's still electrum.
In the usb flash drive as long as safe and hidden only I know no one else, actually I have 3 usb flash drives as a backup, so at least if I lose one, I still have a memory where they all have the same content saved theirs.
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Moreover, the wallets on smartphones not protected by antivirus/anti-malware software can be more vulnerable when connected to the internet more frequently.
All those anti-virus and anti-malware software is mostly crap that is only used for spying, they won't protect any computer from getting infected, they will just have a bunch of false positives, and waste system resources.
Good Linux operating system doesn't need any anti-virus software, it's only needed to wind0ws crap.
Malware can still be installed on smartphones with apps and clicks.
A hardware wallet is an electronic device just like a mobile is an electronic device. I have never used a hardware wallet but have seen many videos on youtube on how to use a hardware wallet and how this wallet works. As we are now involved with smartphones or various electronic devices if we ever want to use all these hardware wallets then it will not be very difficult for us. I know how it works and how to use it but I have no idea what to do if this wallet ever gets lost.
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A hardware wallet is an electronic device just like a mobile is an electronic device. I have never used a hardware wallet but have seen many videos on youtube on how to use a hardware wallet and how this wallet works. As we are now involved with smartphones or various electronic devices if we ever want to use all these hardware wallets then it will not be very difficult for us. I know how it works and how to use it but I have no idea what to do if this wallet ever gets lost.
Hardware wallets are categorized as non-custodial wallets. When using it, you generate a seed phrase and create a wallet. So, this seed phrase is what you can use to recover* your wallet when you experience problems with your hardware wallet, such as an error when installing the firmware, or because the hardware wallet is damaged, lost, or for other reasons.
You can recover on the same or different brand of hardware wallet or even on a software wallet (non-hardware wallet) if the wallet supports the seed type (generally BIP39).
* Example:
- Trezor Recovery (https://trezor.io/learn/c/trezor-recovery)
- Restoring Passport With Seed Words (https://www.youtube.com/watch?v=rkaC3A2S5lY)
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Hardware wallets are much safer option for holding your cryptocurrencies, and there are many options to choose but they are not perfect.
If you are using hardware wallet please tell us the model you have.
If you don't use any hardware wallet can you please state your reasons why.
Well, in the years I've been here, I still don't have a hardware wallet in use, but I only use the Electrum wallet and the Klover Apps wallet at the moment, as well as the Metamask wallet. And in several years of this setup, I haven't faced any issues with them.
But as long as possible, it's good to have a hardware wallet, of course, because there are still other things you can do with it, because apart from the ones I mentioned, I only use USB or flash drives.
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If you don't use any hardware wallet can you please state your reasons why.
I don't have money to use to buy a hardware wallet. :D
Kidding aside, I know that using a hardware wallet would make our assets safer, but I've been into crypto for years already and until now, I'm still not buying a hardware wallet. Maybe because I don't have a trust towards those sellers out there. In our country, there's no trusted sellers of hardware wallet. I'll buy at their official store? Maybe in the future when I have lots of assets already but for now, I'll stick with what I'm using.
Never been hacked nor scammed (will never be). All goods, and I'm comfortable using it (for now. :D
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Hardware wallets are much safer option for holding your cryptocurrencies, and there are many options to choose but they are not perfect.
If you are using hardware wallet please tell us the model you have.
If you don't use any hardware wallet can you please state your reasons why.
Well, in the years I've been here, I still don't have a hardware wallet in use, but I only use the Electrum wallet and the Klover Apps wallet at the moment, as well as the Metamask wallet. And in several years of this setup, I haven't faced any issues with them.
But as long as possible, it's good to have a hardware wallet, of course, because there are still other things you can do with it, because apart from the ones I mentioned, I only use USB or flash drives.
Hardware wallets protect crypto a lot from incidents like hacking. But it is used only by those who have large amount of crypto assets. I want to use hardware wallet but since crypto is illegal in my country I am not getting delivery from any wallet providers in my country and I am afraid to take it delivery through 3rd party so still I am using Electrum wallet as best wallet and i am using it as alternative of hardware wallet ha ha ha
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Hardware wallets protect crypto a lot from incidents like hacking. But it is used only by those who have large amount of crypto assets. I want to use hardware wallet but since crypto is illegal in my country I am not getting delivery from any wallet providers in my country and I am afraid to take it delivery through 3rd party so still I am using Electrum wallet as best wallet and i am using it as alternative of hardware wallet ha ha ha
If it is illegal I understand that you don't want a HW delivered to your door of course. But in this case why not buying a Raspberry Pi and make a Pitrezor (or any other DIY solution) ? Not saying Electrum is not good; just curious.
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Hardware wallets protect crypto a lot from incidents like hacking. But it is used only by those who have large amount of crypto assets. I want to use hardware wallet but since crypto is illegal in my country I am not getting delivery from any wallet providers in my country and I am afraid to take it delivery through 3rd party
You don't have to buy hardware wallets from manufacturers but I am sure they are not illegal as devices itself.
Alternative option is to make your own DIY hardware wallet signing device, it's easy to do it with RaspberryPi zero (SeedSigner), or with M5stickV and/or Maix Amigo (Krux wallet).
This are all cheap options, but you can also use old smartphone or old laptop.
DIY Open Source Hardware wallets (signing devices):
- Jade DIY Wallet (https://bitcointalk.org/index.php?topic=5454770)
- Bowser DIY Wallet (https://bitcointalk.org/index.php?topic=5291333.0)
- Trezor DIY Wallet (https://bitcointalk.org/index.php?topic=5259912.0)
- PiTrezor DIY Wallet (https://www.pitrezor.com/2018/02/pitrezor-homemade-trezor-bitcoin-wallet.html)
- Specter DIY Wallet (https://specter.solutions/#diy)
- SeedSigner DIY Wallet (https://github.com/SeedSigner)
- Krux DIY Wallet (https://selfcustody.github.io/krux/)
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DIY Open Source Hardware wallets (signing devices):
- Jade DIY Wallet (https://bitcointalk.org/index.php?topic=5454770)
- Bowser DIY Wallet (https://bitcointalk.org/index.php?topic=5291333.0)
- Trezor DIY Wallet (https://bitcointalk.org/index.php?topic=5259912.0)
- PiTrezor DIY Wallet (https://www.pitrezor.com/2018/02/pitrezor-homemade-trezor-bitcoin-wallet.html)
- Specter DIY Wallet (https://specter.solutions/#diy)
- SeedSigner DIY Wallet (https://github.com/SeedSigner)
- Krux DIY Wallet (https://selfcustody.github.io/krux/)
Thanks for sharing the list, are there any other useful articles + detailed instructions? If you have such ones saved, also share them. For me personally, it will be very useful and I will save it for myself + also for other users. I can't even imagine how much time is saved searching for this kind of information. That's why I love forums - you can find absolutely anything in one place.
P.S. Have you tried to make a do-it-yourself device? ::)
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I wish to also have an experience in the use of one of the hardware wallet, though there might be challenges of the best store to secure one, since most of them are centralized, and this also may have much to do with kyc before getting it, some will not even mind securing the international fees as the cost for the shipment of one, this could all be fascinating as well as challenging to some of us from getting one to use.
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Thanks for sharing the list, are there any other useful articles + detailed instructions?
Dude if you don't actually read the content of the posts and open the links I provided with instructions than I will have to start ignoring your posts in this forum!
Sorry to say this but I don't like when someone is writing worthless posts just because they need to fill signature quote. :P
Have a nice day.
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Hardware wallets are much safer option for holding your cryptocurrencies, and there are many options to choose but they are not perfect.
If you are using hardware wallet please tell us the model you have.
If you don't use any hardware wallet can you please state your reasons why.
It's true what you say; the best is the one with a hardware wallet, of course. But if you are a careful crypto user, even if you don't have hardware wallets, there are still software wallets that we can say are safe as long as we know how to be careful with their passwords and seeds.
Since I don't even have hardware wallets at the moment, the only one I've been using for a few years now is the Electrum wallet, and I recently added a blue wallet. And if the other cryptocurrencies are Metamask and Trustwallet, and the others are Solflaire and PhantasmWallet, my coins are under the SOL network.
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Hardware wallets are much safer option for holding your cryptocurrencies, and there are many options to choose but they are not perfect.
If you are using hardware wallet please tell us the model you have.
If you don't use any hardware wallet can you please state your reasons why.
It's true what you say; the best is the one with a hardware wallet, of course. But if you are a careful crypto user, even if you don't have hardware wallets, there are still software wallets that we can say are safe as long as we know how to be careful with their passwords and seeds.
Since I don't even have hardware wallets at the moment, the only one I've been using for a few years now is the Electrum wallet, and I recently added a blue wallet. And if the other cryptocurrencies are Metamask and Trustwallet, and the others are Solflaire and PhantasmWallet, my coins are under the SOL network.
Under the non custodial means of storage, we can decided to go for cold storages and they appears in categories, part of which is hardware wallet and that is if we are being capable of securing one from a reliable source, then we can choose other reliable means to store our crypto asset aside the use of hardware wallet, we cannot conclude on that its everyone that actually like any wallet under hardware category, we can go for other cold storages as we may want.
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Under the non custodial means of storage, we can decided to go for cold storages and they appears in categories, part of which is hardware wallet and that is if we are being capable of securing one from a reliable source, then we can choose other reliable means to store our crypto asset aside the use of hardware wallet, we cannot conclude on that its everyone that actually like any wallet under hardware category, we can go for other cold storages as we may want.
Not all hardware wallets can be considered as cold wallet, the only ones that can be considered as cold storage without much investigation are the airgapped hardware wallets. A Ledger wallet that you can share your seed phrase to third parties online, can that be considered as cold wallet? No. But you can consider hardware wallet like Passport as a cold wallet.
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Therefore, it is necessary to double-check the address on the hardware wallet when making a transaction.
As you mentioned, cases like malware that hacks devices (computers or smartphones), such as Clipboard attacks, may still occur.*
Nor have I ever encountered a case where a hardware wallet was affected by connecting to compromised devices.
*
Risk number three: malware
A virus-infected computer or smartphone is a common cause for loss of cryptocurrency investments. If the victim uses an online (hot) wallet, the criminals can steal the private key and perform, all by themselves, any transactions they need to empty the wallet. The trick won’t work with a hardware wallet, but other attack vectors can be employed in this case. For example, the moment the victim makes a legitimate transfer, malware can substitute the destination wallet’s address to redirect the money to the criminals. To pull it off, malware monitors the clipboard and, as soon as a crypto wallet address is copied there, replaces it with the scammers’ wallet address.
It may be the most effective way to steal someone's coins. I was infected twice with this kind of malware. I still remember that the phishing address had $29k worth of transactions. Imagine if one address had this much money, how much do all those phishing addresses have? and this malware is so persistent that it won't go away in normal ways. Even after using antivirus software or fixing other stuff, it stays. The only way I found was to format everything and make a fresh reinstall of OS.
Can compromised devices really change the destination wallet address of a hardware wallet? I'm not sure of that. I have only encountered this on normal transactions. Luckily, I was attentive, so no coins were lost.
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Under the non custodial means of storage, we can decided to go for cold storages and they appears in categories, part of which is hardware wallet and that is if we are being capable of securing one from a reliable source, then we can choose other reliable means to store our crypto asset aside the use of hardware wallet, we cannot conclude on that its everyone that actually like any wallet under hardware category, we can go for other cold storages as we may want.
Not all hardware wallets can be considered as cold wallet, the only ones that can be considered as cold storage without much investigation are the airgapped hardware wallets. A Ledger wallet that you can share your seed phrase to third parties online, can that be considered as cold wallet? No. But you can consider hardware wallet like Passport as a cold wallet.
Thanks for the clarifications Charles-Tim, i understand well your point, we cannot conclude by saying all cold wallets are safe for us, some of them are not just having a desired protocols that back their usage for the security and privacy needed as a user, we therefore have to make sure to always look into details on every available wallets and check for their cons and pros before using, a good example is that with the ledger wallet as you have said, which is entirely something off the required expectations to include such as a cold storage despite being a non custodial.
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Hardware; Trezor Model One.
It's hardware that I think is pretty good even though there are many other options but I don't think Trezor has any problems and it's a suggestion that many people recommend at a fairly affordable price even though there are other models with higher prices.
Yes I use hardware wallets it's much more secure than hotwallet.
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The Safepal S1 was my first hardware wallet and it still works today.
Despite upgrading some other safepal wallets, I still stick with the Safepal S1.
Using Hardware Wallet was originally because Safepal provides many rewards for its Hardware wallet users, but that's not the only reason I use Hardware wallet. It is also used to store my main assets for the long term so that it is safer.
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The Safepal S1 was my first hardware wallet and it still works today.
Despite upgrading some other safepal wallets, I still stick with the Safepal S1.
Did you buy it directly from their website, or did you get it from a reseller? I tried to check the delivery option and it seems there's only one option, a flat $15 delivery fee unless it changes depending on the country that a user fills on the form. I was wondering how fast will the delivery be. I'd like to have an express option or something similar since the last regular/free shipping option took a long time to deliver a product that I bought from the US.
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Hardware wallets are much safer option for holding your cryptocurrencies, and there are many options to choose but they are not perfect.
If you are using hardware wallet please tell us the model you have.
If you don't use any hardware wallet can you please state your reasons why.
Hardware wallets are indeed the best choice for storing crypto to avoid internet risks, the special chips from companies like Ledger and Trezor can help keep users' private keys safe. However, I have not used any hardware wallets, for many reasons.
1. I do not have a lot of crypto assets, maybe they are only worth a few thousand USD at the best of bullrun. I want to spend every $ of mine to DCA BTC & ALTS for this bullrun.
2. I have referred to many video instructions on how to use hardware wallets, I do not like their inconvenience. Even though that inconvenience is necessary to create security. I am also a trader and need to trade to make a profit.
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It's hardware that I think is pretty good even though there are many other options but I don't think Trezor has any problems and it's a suggestion that many people recommend at a fairly affordable price even though there are other models with higher prices.
This is basic hardware wallet model and I would not recommend purchasing it in 2024, but it still works and getting updates, that is amazing since this is the first ever hardware wallet in the world.
I would recommend using Trezor wallet only with passphrases to increase security, as there is no secure element in Trezor One.
New model Trezor Safe 3 has secure element and bigger memory.
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Did you buy it directly from their website, or did you get it from a reseller? I tried to check the delivery option and it seems there's only one option, a flat $15 delivery fee unless it changes depending on the country that a user fills on the form. I was wondering how fast will the delivery be. I'd like to have an express option or something similar since the last regular/free shipping option took a long time to deliver a product that I bought from the US.
I immediately bought it directly from the official Safepal website and that time when the first Safepal S1 launched and free shipping for all supported countries including Indonesia.
Although there is no shipping fee or free, it takes a long time to arrive, approximately 3 months and indeed very long.
If you buy now with the option of shipping costs $15 it may be worth the estimated time to arrive, It may take 1 week
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It's hardware that I think is pretty good even though there are many other options but I don't think Trezor has any problems and it's a suggestion that many people recommend at a fairly affordable price even though there are other models with higher prices.
This is basic hardware wallet model and I would not recommend purchasing it in 2024, but it still works and getting updates, that is amazing since this is the first ever hardware wallet in the world.
I would recommend using Trezor wallet only with passphrases to increase security, as there is no secure element in Trezor One.
New model Trezor Safe 3 has secure element and bigger memory.
Since owning the hardware, I have only done one update the rest until now I no longer do updates, I only check the balance and then close back and ignore updates, so is it still safe or keep updating?
For me the Trezor that I have is enough because it is only for storing BTC and ETH a little but I just think when I don't update it then it's fine it won't experience any problems.
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Since owning the hardware, I have only done one update the rest until now I no longer do updates, I only check the balance and then close back and ignore updates, so is it still safe or keep updating?
You should update firmware for sure, Trezor developers fixed important security issues and made significant improvements and changes during last few years.
There is also a chance that running old firmware could result in error with transactions, but if you are not using device than it doesn't matter, since you should keep seed words separately offline.