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Author Topic: Bitcoin hardware wallet  (Read 9577 times)

Offline LDL

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Re: Bitcoin hardware wallet
« Reply #30 on: December 31, 2023, 07:18:15 AM »
I think, For keeping your bitcoins safe, good hardware wallets are Ledger Nano S, Ledger Nano X, Trezor Model T, and KeepKey. They're like special USB drives that keep your bitcoins super secure. Pick one that feels right for you to make sure your bitcoins are safe and sound!
Top five hardware wallets that are suitable for long term holdings, trading.

Trezor Model T : Overalls best for all devices, 8000+ cryptos supported
Ledger Nano X: Best for All devices, 5500+ cryptos supported
SafePal S: Best for trading, 5000+ cryptos supported
Ellipal Titan: Best for Mobile,
VC vault: Best for Long term holdings

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Re: Bitcoin hardware wallet
« Reply #30 on: December 31, 2023, 07:18:15 AM »

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Offline SamReomo

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Re: Bitcoin hardware wallet
« Reply #31 on: December 31, 2023, 07:42:20 AM »
Just in the last few months, there have been many flaws with Ledger, including the recent hack, which makes it unreliable and risky.
Yeah, Ledger wallet is full of vulnerabilities and anyone who uses it to store their Bitcoin for long-term might lose their Bitcoin in the hands of hackers. Not only Ledger but I believe all of the hardware wallets are of no use as they don't get any proper firmware updates and even if they get those updates then still the user and his/her Bitcoin may be at risk after the updates when they go online.

The best bet for long-term holders is to use open-source software based wallets like Electrum as that's the safest option out there for almost every user who want to store their Bitcoin for long term. Although, one can go with any other open-source software wallets and the user has to spend less money for software-wallets then for hardware wallets. The software wallets can be installed on a low-end cheap system without any issues.
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Re: Bitcoin hardware wallet
« Reply #32 on: December 31, 2023, 08:23:25 AM »
Just in the last few months, there have been many flaws with Ledger, including the recent hack, which makes it unreliable and risky.
Yeah, Ledger wallet is full of vulnerabilities and anyone who uses it to store their Bitcoin for long-term might lose their Bitcoin in the hands of hackers. Not only Ledger but I believe all of the hardware wallets are of no use as they don't get any proper firmware updates and even if they get those updates then still the user and his/her Bitcoin may be at risk after the updates when they go online.

The best bet for long-term holders is to use open-source software based wallets like Electrum as that's the safest option out there for almost every user who want to store their Bitcoin for long term. Although, one can go with any other open-source software wallets and the user has to spend less money for software-wallets then for hardware wallets. The software wallets can be installed on a low-end cheap system without any issues.
Why did you forget about Trezor? , this is also an open source wallet, in fact a lot of people use
  Ledger wallet and I don’t remember anyone talking en masse about how they get hacked; if there were cases, they were isolated; in a personal meeting with attackers, in any case, not one wallet will save you.)
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Re: Bitcoin hardware wallet
« Reply #33 on: December 31, 2023, 03:28:20 PM »
Bitcoin Hardware Wallet Designed to Securely Secure Currency Online Bitcoin Hardware Wallet provides a reliable convenient solution for users

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Re: Bitcoin hardware wallet
« Reply #34 on: December 31, 2023, 04:20:17 PM »
Security is one of the most necessary and important things for human life. Be it on any subject. And money is the most important thing for every person. Currently, in digital currency such as Bitcoin folding or holding any type of token, security of money is the most important. There are many hardware wallets for holding Bitcoins. In that case you can use keepkey, Ledger nano, Trezor etc as wallet. I think they are the safest.

Offline Findingnemo

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Re: Bitcoin hardware wallet
« Reply #35 on: January 01, 2024, 07:38:31 AM »
Just in the last few months, there have been many flaws with Ledger, including the recent hack, which makes it unreliable and risky.
Yeah, Ledger wallet is full of vulnerabilities and anyone who uses it to store their Bitcoin for long-term might lose their Bitcoin in the hands of hackers. Not only Ledger but I believe all of the hardware wallets are of no use as they don't get any proper firmware updates and even if they get those updates then still the user and his/her Bitcoin may be at risk after the updates when they go online.

The best bet for long-term holders is to use open-source software based wallets like Electrum as that's the safest option out there for almost every user who want to store their Bitcoin for long term. Although, one can go with any other open-source software wallets and the user has to spend less money for software-wallets then for hardware wallets. The software wallets can be installed on a low-end cheap system without any issues.
Why did you forget about Trezor? , this is also an open source wallet, in fact a lot of people use
  Ledger wallet and I don’t remember anyone talking en masse about how they get hacked; if there were cases, they were isolated; in a personal meeting with attackers, in any case, not one wallet will save you.)
AFAIK, Trezor hardware wallets has vulnerabilities related to privacy so I won't trust either Ledger nor Trezor if I am looking to buy a hardware wallet.

I remember Passport is a good choice but its not a convenient option for day-to-day usage so picking a hardware wallet is not an easy task either.
« Last Edit: January 01, 2024, 03:24:45 PM by Findingnemo »

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Re: Bitcoin hardware wallet
« Reply #36 on: January 01, 2024, 07:42:33 AM »
Security is one of the most necessary and important things for human life. Be it on any subject. And money is the most important thing for every person. Currently, in digital currency such as Bitcoin folding or holding any type of token, security of money is the most important. There are many hardware wallets for holding Bitcoins. In that case you can use keepkey, Ledger nano, Trezor etc as wallet. I think they are the safest.
In fact they are all secure to a greater or lesser extent, I am talking about all existing wallets, even metamask is also secure and hacking it is not easy, rather hardware wallets are more about convenience rather than maximum security.
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Re: Bitcoin hardware wallet
« Reply #36 on: January 01, 2024, 07:42:33 AM »


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Re: Bitcoin hardware wallet
« Reply #37 on: January 01, 2024, 01:02:46 PM »
AFAIK, Trezor hardware wallets has vulnerabilities related to Trezor so I won't trust either Ledger nor Trezor if I am looking to buy a hardware wallet.

I remember Passport is a good choice but its not a convenient option for day-to-day usage so picking a hardware wallet is not an easy task either.

Trezor is one of the oldest wallets around. It  is certainly safe, there is no need to worry about that.

Every software has vulnerabilities  , but trezor ones are quite unlikely to happen, as they need physical access to the device
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Re: Bitcoin hardware wallet
« Reply #38 on: January 02, 2024, 04:54:46 AM »
AFAIK, Trezor hardware wallets has vulnerabilities related to privacy so I won't trust either Ledger nor Trezor if I am looking to buy a hardware wallet.

I remember Passport is a good choice but its not a convenient option for day-to-day usage so picking a hardware wallet is not an easy task either.

Maybe you mean the Coinjoin feature (using zkSNACKs Coordinator terms) that Trezor Suite adopted some time ago.

All wallets, including hardware wallets, have advantages and disadvantages. If you want to use it, choose the one with the least vulnerabilities (DWYOR-DYOR). If you are too paranoid, then you will never use a wallet.

I own a Ledger Nano X and a Trezor T, and for transaction purposes, I often connect both of them to Electrum. For over 3 years, I have never experienced a hack (and hopefully never will), even when I last updated the Nano X firmware, which provides a quite controversial feature, namely Ledger Recover.

Ignoring the feature when it is not needed or considered a vulnerability is enough.
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Re: Bitcoin hardware wallet
« Reply #39 on: January 02, 2024, 07:41:44 AM »
Trezor is one of the oldest wallets around. It  is certainly safe, there is no need to worry about that.
Every software has vulnerabilities  , but trezor ones are quite unlikely to happen, as they need physical access to the device
If we are talking about physical access to the wallet, then even having taken possession of your wallet intruder can not just take and open it, you still need a password and the fact that it can be somehow disassembled and with the help of a program to crack it is very unlikely.
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Re: Bitcoin hardware wallet
« Reply #40 on: January 02, 2024, 11:34:38 AM »
Maybe you mean the Coinjoin feature (using zkSNACKs Coordinator terms) that Trezor Suite adopted some time ago.

All wallets, including hardware wallets, have advantages and disadvantages. If you want to use it, choose the one with the least vulnerabilities (DWYOR-DYOR). If you are too paranoid, then you will never use a wallet.

I own a Ledger Nano X and a Trezor T, and for transaction purposes, I often connect both of them to Electrum. For over 3 years, I have never experienced a hack (and hopefully never will), even when I last updated the Nano X firmware, which provides a quite controversial feature, namely Ledger Recover.

Ignoring the feature when it is not needed or considered a vulnerability is enough.
Why did you update the firmware? It actually allows other campaigns to view your cid phrase. Specifically...9 campaigns will have bits of words from your full phrase. How can Leadger be considered safe and secure after that? None of the cold wallets out there today have Recovery except for Leadger. It's better to switch to other cold wallets like Trezor/SafePal. In using other wallets, I'm fine with everything + the fact that none of the campaign and its faces, knows my Seed-phrase words. Sorry, again where is the guarantee that without an update to Leadger Live = you won't have access to personal money?

Personally, the Leadger campaign has alienated me with their products. Analyze + make your own decisions. This is not a call to throw away your wallets. This is common sense reasoning and presentation of thoughts. ;)
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Re: Bitcoin hardware wallet
« Reply #41 on: January 02, 2024, 12:46:00 PM »
-snip-
Why did you update the firmware?

Ledger Firmware updates do not immediately activate the Ledger Recover feature.
The Ledger Recover feature is only available in Ledger Live, and I have no interest in using that feature.

Adam Back (Co-Founder/CEO http://blockstream.com) even said like this:


https://x.com/adam3us/status/1659102750586687488?s=20

I do not recommend certain brands of hardware wallets and prefer that users buy according to their capabilities based on their research and risk.

When a user already has a hardware wallet, and there is a feature quite risky to use in the future, the hardware wallet can still be used without that feature or combined with another wallet, such as Electrum. It would be too much if you just throw away the hardware wallet.


It's better to switch to other cold wallets like Trezor/SafePal.

I already have a Trezor T.

Quote
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Re: Bitcoin hardware wallet
« Reply #42 on: January 03, 2024, 09:42:07 AM »
Ledger Firmware updates do not immediately activate the Ledger Recover feature.
The Ledger Recover feature is only available in Ledger Live, and I have no interest in using that feature.

Adam Back (Co-Founder/CEO http://blockstream.com) even said like this:


https://x.com/adam3us/status/1659102750586687488?s=20

I do not recommend certain brands of hardware wallets and prefer that users buy according to their capabilities based on their research and risk.

When a user already has a hardware wallet, and there is a feature quite risky to use in the future, the hardware wallet can still be used without that feature or combined with another wallet, such as Electrum. It would be too much if you just throw away the hardware wallet.


It's better to switch to other cold wallets like Trezor/SafePal.

I already have a Trezor T.

Quote

Yes, I know that "for now" Recovery can be activated on a voluntary basis. Again, where is the guarantee that they will not go to extremes soon. Not updating firmware = no access to your funds.
Previously, favored cold wallets of course. Now, the opinion has changed dramatically. Hot wallets, fully cover my needs.

+ Why buy it and then connect to another wallet? Better to walk past Leadger altogether then. There are more than enough alternatives.

P.S. I do as I personally feel comfortable. Just expressing my subjective opinion on the subject. What to do/how to act is up to everyone.  8)
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Re: Bitcoin hardware wallet
« Reply #43 on: January 03, 2024, 12:01:29 PM »
Trezor is one of the oldest wallets around. It  is certainly safe, there is no need to worry about that.
Trezor is the original and first hardware wallet, it's amazing to see that Trezor One is still working today and receiving updates.
We can't say that for any other brand of hardware wallets, most of them got discontinued and replaced new devices.
Ledger and Coldcard have a whole graveyard of defunct hardware wallet.  :P


I would always suggest getting Open Source hardware wallet if possible, and there are plenty of options available today:
https://www.altcoinstalks.com/index.php?topic=314728


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Re: Bitcoin hardware wallet
« Reply #44 on: January 03, 2024, 02:13:52 PM »
Trezor is one of the oldest wallets around. It  is certainly safe, there is no need to worry about that.
Trezor is the original and first hardware wallet, it's amazing to see that Trezor One is still working today and receiving updates.
We can't say that for any other brand of hardware wallets, most of them got discontinued and replaced new devices.
Ledger and Coldcard have a whole graveyard of defunct hardware wallet.  :P


I would always suggest getting Open Source hardware wallet if possible, and there are plenty of options available today:
https://www.altcoinstalks.com/index.php?topic=314728

Yeah, trezor is probably the best option for most people. No need to worry about it.

And it also supports many altcoins, and they are fast to add support for new coins. You will probably never need to buy another cryptocurrency wallet again, unless if it gets damaged somehow.
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