Title: Which hardware wallet? Post by: t0m3k123 on July 18, 2021, 07:05:08 PM Which hardware wallet do you recommend for a newbie?
Ledger or Trezor? Title: Re: Which hardware wallet? Post by: 20kevin20 on July 18, 2021, 07:41:38 PM Any of them are good, but I'd go for Trezor if I were you. Best thing you can do is make sure you check that the HW you buy supports the coins you're about to use it with. For example, Trezor One doesn't support XMR while Ledger Nano S does.
Also, it'd be a good idea to make sure you're ordering these on a fake name, through a PO box or something like that. Ledger had a quite bad database leak recently and personal information has been revealed to potentially bad actors.. so protect your personal info before ordering it. If you care about the hardware being fully auditable and open-source, go for Trezor. Title: Re: Which hardware wallet? Post by: o_e_l_e_o on July 18, 2021, 07:42:17 PM Both would be fine for a newbie. Both have all the basic functions you would require, both support almost all the same coins, both are reputable companies, both have been extensively tested for security, both come with their own software with a nice UX, but both can also be paired with other software to provide more functionality.
Is there anything in particular you want from a hardware wallet? Some of the models have unique features, such as the Ledger Nano X supporting Bluetooth for use with mobile phones, or the Trezor T providing optional SD card encryption. Title: Re: Which hardware wallet? Post by: hichamito37 on July 18, 2021, 08:01:51 PM Ledger NanoS and Trezor are two of the popular wallets found on the market today. The Ledger has the advantage of a very nice exterior design, full basic features, support for more crypto units and a better price than Trezor. Trezor is more expensive, but it comes with more efficient and secure software.
Title: Re: Which hardware wallet? Post by: Marvelman on July 18, 2021, 08:13:15 PM Which hardware wallet do you recommend for a newbie? Ledger or Trezor? I prefer Ledger Nano S, as it has enough capacity for my needs, it's cheaper than other hardware wallets, it's easy to use, can be used in the event of a hardware failure and can be used outside of Ledger Wallet software. But, Trezor is also very good. You cannot go wrong with any one of them. Title: Re: Which hardware wallet? Post by: RickDeckard on July 18, 2021, 09:37:35 PM You already got some good points in the replies above mine, I'll just add a couple more that I believe you should inspect before you jump into your own purchase:
Trezor (Model One vs Model T) - https://trezor.io/coins/ (https://trezor.io/coins/)
As in regards with being user friendly, I'm sure that you'll find that they are aimed mostly at newcomers but also cater to more experienced users - you won't have any difficulty in using them. If you do please post here and I'm sure someone will be right here to help you out. [1]https://blog.trezor.io/open-source-and-hardware-obsolescence-ce526d5eec8f (https://blog.trezor.io/open-source-and-hardware-obsolescence-ce526d5eec8f) [2]https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers (https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers) [3]https://bitcointalk.org/index.php?topic=5344317.0 (https://bitcointalk.org/index.php?topic=5344317.0) [4]https://cointelegraph.com/news/trezor-wallets-can-be-hacked-kraken-reveals (https://cointelegraph.com/news/trezor-wallets-can-be-hacked-kraken-reveals) Title: Re: Which hardware wallet? Post by: Coin-Keeper on July 18, 2021, 09:40:07 PM I would pay more attention to WHERE you buy the device from. Assuming you buy one of the two you are looking at, they are great products IF you get an authentic device. Don't try and save a few bucks buying from someone other than the mfg directly.
BTW - I use more Trezors because I install their bitcoin-only firmware as a purest collector/user. All the "fancy" firmware updates are just something to go wrong when I am hodling BTC only. Title: Re: Which hardware wallet? Post by: 20kevin20 on July 18, 2021, 09:44:09 PM The Ledger has the advantage of a very nice exterior design Honestly, design is the last thing you should be looking for when it comes to HWs if you truly care about safely storing your coins. Some HWs are really ugly but they do their job better than some fancy ones do. And at the end of the day, it's all that matters.Title: Re: Which hardware wallet? Post by: dkbit98 on July 19, 2021, 10:08:29 AM Which hardware wallet do you recommend for a newbie? I am always supporting Open Source devices and hardware wallets like Trezor, but they are not perfect and you should use passphrase to make it more secure against attacks.Ledger or Trezor? Trezor is first hardware wallet ever made, it is easy to use and it has better working software called Trezor Suite, and so far they never had customer information leaks like ledger. Some would say that bad thing about Trezor that it doesn't have secure element, but they are working on this and new generation Trezor will have their own open source secure element. Other competition have secure elements but they are closed source and they can hide dormant malicious tracking for years, like we saw in case with Anom phones created by fbi. Don't trust, verify. Title: Re: Which hardware wallet? Post by: hugeblack on July 19, 2021, 10:15:16 AM Which hardware wallet do you recommend for a newbie? Ledger or Trezor? recommendation depends on the purpose of the purchase, why do you want to buy them? Are you thinking of a specific currency, a specific way to access your coins, using the phone, the interface? Both contain the basic features. Read about their characteristics and choose the one that is right for you. There are some price differences which make sense due to the different functions. Title: Re: Which hardware wallet? Post by: o_e_l_e_o on July 19, 2021, 10:37:29 AM Trezor is more expensive, but it comes with more efficient and secure software. In what way is Trezor's software suite more secure than Ledger's? Regardless, if you have any concern about the proprietary software, then you can just pair either of those wallets with some open source software such as Electrum, which also gives you more control over your keys and advanced options such as coin control, RBF, and partially signed transactions.can be used in the event of a hardware failure All good hardware wallets provide a seed phrase which can be used to restore access to your coins in an emergency, such as failure of your hardware device.Before buying either device make sure to head to the subreddit of the one you choose and see if you can find a discount or referral code there. Usually there are a few kicking about which will net you a discount of between 10-20%. Title: Re: Which hardware wallet? Post by: Pmalek on July 19, 2021, 01:34:03 PM After you do your research and finally decide on which vendor to go please, for the love of god, buy them from the main / official retailer - there have been thousands of users that ended up with their funds stolen because they either got them from Ebay (shady sources) or from some Amazon stores that claimed to be the "official" ones. Here are the main websites of each: I just want to add that your warning about buying a hardware wallet from Ebay or Amazon is valid, however these companies have official resellers.Ledger's Reseller Network (https://www.ledger.com/reseller) consists of a group of official stores available worldwide. One can even apply to become an official Ledger reseller (https://www.ledger.com/become-a-ledger-reseller). A part of the reseller team is their Amazon Network with stores in the US, UK, France, Spain, Canada, Germany, Italy, and Japan. It's OK to buy from these stores as long as you reach out to them from Ledger's official website and not by searching for 'Ledger Nano S' on Ebay/Amazon, for example. Trezor also links to a bunch of official resellers (https://trezor.io/resellers/) from their website. But none of them are on Amazon or Ebay. |