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Author Topic: Is trezor the safest way to keep coins!?  (Read 2324 times)
GMPoison
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January 07, 2017, 09:43:20 PM
 #21

I read some discoussions around and everyone was talking good about trezor.
Im newb and i need some advices/opinions from persons wich know more than me about wallet.

1. Where are my coins stored if i use trezor?

2. Do i lose my coins if i lose trezor device or it fails/burns?

3. Is trezor 100% safe and the best way to keep coins?

I saw many discussions on here talking also for offline wallets..papper wallets or cloud ones.

Wich one is the best ?

1. It is kept within Trezor's software. You are safe unless there would be someone who would be able to crack the said software and get your private keys,

2. Nope, as long as you keep he generated seeds, you could still load up your previous wallet/addresses and coins.

3. Not really counting on it and giving it a 100% since there is still a possibility that someone might crack its code or someone installed something within its code.

I still keep mine within paper wallets though and laminate those paper wallets and hung in the wall since no one really knows what they are in the first place. It's just a matter of preference, really. To each, his own.

Security through obscurity, I like it.
wtfzt
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January 07, 2017, 11:36:04 PM
 #22

There is aslo keepkey and Ledger which are considered quite safe as well.
doona38317
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January 07, 2017, 11:40:30 PM
 #23

I do not know what a trezor is or how it works but from what I know and what I am told the best way to keep bitcoins is by having a 2 factor authentication to blockchain wallet with the private key of btc address saved and printed offline.

Bitcoin bear will defeat you Bratcoin bulls. Bear bEAR bEAR!
mk3000
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January 08, 2017, 12:17:00 AM
 #24

the ledger nano S it's also a great hardware wallet and it's also cheaper. seems like a very secure way of storing your coins safely

Bitrated user: comoto3000.
kekmaster
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July 21, 2017, 01:34:00 PM
 #25

I have a paperwallet, but I am thinking of buying a trezor, cuz it's really annoying to do day trading from paperwallet
masterchief001
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July 21, 2017, 01:36:05 PM
 #26

I read some discoussions around and everyone was talking good about trezor.
Im newb and i need some advices/opinions from persons wich know more than me about wallet.

1. Where are my coins stored if i use trezor?
Your private keys are kept within Trezor. As long as no one has the ability to crack the firmware and make it leak your private keys without your authorization pin, you are fine.
2. Do i lose my coins if i lose trezor device or it fails/burns?
No. Trezor generates a seed everytime a user creates a wallet. The addresses are generated from that seed. As long as you have your seeds, you are covered.
3. Is trezor 100% safe and the best way to keep coins?
If you can review the source code of Trezor and make sure you install the version you reviewed and compile yourself, you are 99%* safe.

*If they didn't use a backdoor on their hardware.
I saw many discussions on here talking also for offline wallets..papper wallets or cloud ones.

Wich one is the best ?
Cloud wallets will never be safe. Offline wallet and paper wallets would be the safest if you spend them correctly.

The information you give is really useful, it not only helps the OP but also helps me. Thank you very much, a guy with a real legendary level has a lot of understanding.
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