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Title: Are hardware wallets safest place to store BTC, ETH, ERC20 etc? If so then why? Post by: MoCryptoMoProblems on March 02, 2018, 05:46:29 AM So I'm getting the notion that hardware wallets like nano and trezor are the best place to store your BTC, ETH, ERC20 (connected to MEW) coins. I ordered a nano ledger from the manufacturer and just wanted to know how it all worked.
I know I read somewhere that it has a special security system chip or something, but can someone explain it better how the whole backend of it works. I heard Trezor is open source and nano ledger isn't. Should it cause any concerns of it having a backdoor to access the code? Also since you can connect your MEW to your ledger, where is your tokens also stored. I'm confused about that, is it on the ledger or is it in MEW? If anybody more technical can explain this, that will be great. |