Bitcoin Forum

Are Hardware Wallets fully Safe and impossible to hack even by the creator?!

Many people trusts in hardware wallets but what will happen if the creator is an evil?! .

I think he/they can easily stolen bitcoins!

 

No hardware is safe, almost nobody knew about Intel chip vulnerability until a few months ago, a vulnerability that chips that go back to 1995 have.

I was wondering about that too. You'll have to trust the manufacturer to have top notch security, and you have to trust the seller to not have tampered with the device. Which happened with wallets sold through eBay. The seller secretly modified the device, the buyer thought he got a great deal, but that changed once all his coins were gone.

You can never say anything is 100% safe ... The same way any piece of tech is not completely foolproof. With things like this though, never buy cheap and unknown, read reviews and ALWAYS buy direct from the manufacturer, never 2nd hand as who knows whether that has been tampered with or not.

Nothing is completely safe. Sooner or later you have to link your wallet to your computer to buy another currency or transfer money into the Fiat currency. At that moment your hardware wallet and your coins are exposed like all other wallets. I believe that it is only a matter of time when viruses for hardware wallets will appear.

Hardware wallets are typically as safe as isolated minimalist computers can be - the code is widely auditable and on the Ledger side we're using smartcards to add additional protections against physical tampering and possible software exploits (the keys live in a specific area of the operating system that's only accessible by following a given code execution path, guaranteed both by software and hardware)

When using a paper wallet you trust the environment you're using it on both when generating the keys and when spending - it's possible to be safe if you audit the key generation code carefully and maintain a perfect digital hygiene when spending (always sign offline on a non updated computer to avoid malware, then broadcast), it's also easier to use them on ETH than it is on BTC and BTC alts but still nowhere as convenient as a hardware wallet, especially when the device can be used for multiple isolated tasks beyond just ETH (ERC-20 tokens, other cryptocurrencies, SSH, GPG ...)

Nothing is 100% safe. Not even if it is in a bank vault. If you are sloppy, problems are coming your way. So it is safe as much as you are careful.

Be more careful, be safer.

There is nothing made by man that is completely safe. If you get your hardware wallet directly from the manufacturer, it is better than a second used wallet and also better than a web-wallet.

yes, why wouldn't they be? Hardware wallets are the most safest option in order to protect all your cryptos, if you do not trust this, then it is simple, just print a paper wallet.

But hardware wallets are very noob-friendly, and anyone can use them easily,and they are very cheap too, $70 for a huge protection is NOTHING.

i don't agree with you on this ,hardware wallet like TREZOR is safer than you think with multi encryption offline keys . it is not safe only if someone buy used hardware wallet where the previous owner can retrieve new updated balance .  

Its all about levels of trust. Nothing in life is 100% secure when humans are involved. However, I think right now hardware wallets are your safest bet.

Of course no wallet give you 100% security. But hardware wallet one of the most safety. For example, ledger nano s, trezor. I recommend ledger.

Just like many people have said here on forum nothing is 100 percent safe but hardware wallet is safer than any other type of wallet

if i know your public address, i can get access to your funds by finding private key to this address no matter where data stored. this is true for every coin that was built with current cryptography platforms

Nothing is full safe. This is a simple fact. When you think your BTC is 100% safe, you aren't being cautious enough.

Yes sure they are secured like bank's vault,just secured you private keys and dont phishing sites get your keys.

I'm not sure about that but i was learning from someone that bought second-hand nano ledger and then the first user of that nano ledger is exploiting the wallet and then the buyer lost a lot of money.
But trezor is having a better security rather than nano ledger and you must buy it.

I think it's pretty safe because there is enough hardware security unlike the free wallets we have.

I'm new but I was wondering if..

 do you prefer to keep your coins in your Hardware Wallet? or maybe use online wallet?

  I'm just worried if ever I lost the Hardware Wallet. then I'm not sure whats gonna happen.  ???

No wallet fully safe! May be hack via internet or by pass! I need to hold your private key! May be you can used off line wallet!

Wallet security does not depend on price, it depends on how secure your private key is.
If you generate your key from an offline paper wallet on and air-gaped computer and store the private key in your bank's vault it's as secure as your bank is.