Bitcoin Forum

Bitcoin => Hardware wallets => Topic started by: simplyred on January 14, 2018, 06:23:28 PM



Title: Nano and Trezor addresses, should i use just one ?
Post by: simplyred on January 14, 2018, 06:23:28 PM
I am just thinking about all these addresses on Nano and Trezor. ( Erc20 coins )

Should i use just one address for all my coins or should i use many addresses, why so many addresses ?



Title: Re: Nano and Trezor addresses, should i use just one ?
Post by: Crytptohack on January 14, 2018, 06:57:50 PM
You will have a private key for each of the tokens that you have. They are safely stored and secured on your device and you do not need to remember the number.



Title: Re: Nano and Trezor addresses, should i use just one ?
Post by: simplyred on January 14, 2018, 07:01:26 PM
No i meen, why so many addresses ? Are you only using one address or are you using many addresses on you Trezor/Nano ? ( erc20 )

Does it not matter what address i use on the Trezor/Nano ?

So i can just pick one address on my Trezor and only use that one ?


Title: Re: Nano and Trezor addresses, should i use just one ?
Post by: TryNinja on January 14, 2018, 07:23:22 PM
No i meen, why so many addresses ? Are you only using one address or are you using many addresses on you Trezor/Nano ? ( erc20 )
Privacy. Here is a TLDR:
Quote
If you use the same address each time you receive funds, it becomes easy for anyone to track your entire payment history. This method of address generation improves privacy by automatically presenting you with a new address when you’re expecting payment.

Does it not matter what address i use on the Trezor/Nano ?
It doesn't matter. You can use any address as many times as you want.

So i can just pick one address on my Trezor and only use that one ?
Yes.


Title: Re: Nano and Trezor addresses, should i use just one ?
Post by: Mike Mayor on January 14, 2018, 11:59:27 PM
I chose the ledger wallet because it's cheaper and I like it's design and what it looks like. Either are good wallets to have. It's a great investment and makes you feel safer knowing your coins won't be stolen. Just remember to backup your seed and pin. Never ever forget to backup.

You night want 2 hardware wallets 1 for saving btc in and the other for spending bitcoin.