How good is trezzor wallet

[harrymmmm]

Trezor is the ultimate device for security-meets-user friendliness. The device is the best option for maintaining security of your coins without losing the ability to use them as you please.

Yup.

It's also good for logging into services. Once you see how nicely that works, you'll wish every site did it that way.

[Somekindabitcoin]

Trezor is probably the best BTC wallet  Safe and enough developed 

And still has a lot of safety vulnerabilities that a paper wallet doesn't.

Such as?

It can be lost and then there's no way to recover it, I think.

How can you make statements like that when you clearly don't know the first thing about trezors?

If it's lost, you use the hd seed you've kept safely and recover the coins to another wallet (trezor, or software).

What about the guy that took it from you? I think he can brute force it, or no? I read some articles about this.

He can ... eventually.
Each time he tries a pin that fails, there's an extra wait time added for the next one. Unless you're very unlucky you have plenty of time to move your coins.

Ok, good. I think it's pretty amazing and I would definitely buy it in a next 7 days.

[Carlton Banks]

What about the guy that took it from you? I think he can brute force it, or no? I read some articles about this.

He can ... eventually.
Each time he tries a pin that fails, there's an extra wait time added for the next one. Unless you're very unlucky you have plenty of time to move your coins.

It doubles the wait each failed attempt, I believe that's infinite (no good reason why not, the code is on github)

[Somekindabitcoin]

What about the guy that took it from you? I think he can brute force it, or no? I read some articles about this.

He can ... eventually.
Each time he tries a pin that fails, there's an extra wait time added for the next one. Unless you're very unlucky you have plenty of time to move your coins.

It doubles the wait each failed attempt, I believe that's infinite (no good reason why not, the code is on github)

That's pretty much unbeatable security. If your password or whatever it uses is strong, then you are probably safe even if it's stolen.

[harrymmmm]

What about the guy that took it from you? I think he can brute force it, or no? I read some articles about this.

He can ... eventually.
Each time he tries a pin that fails, there's an extra wait time added for the next one. Unless you're very unlucky you have plenty of time to move your coins.

It doubles the wait each failed attempt, I believe that's infinite (no good reason why not, the code is on github)

That's pretty much unbeatable security. If your password or whatever it uses is strong, then you are probably safe even if it's stolen.

Yesz. But physical possession of the device means they could crack it eventually, given enough resources. So you wouldn't rely on it.
Point is, it's not a disaster like losing your cash wallet is.

[Carlton Banks]

What about the guy that took it from you? I think he can brute force it, or no? I read some articles about this.

He can ... eventually.
Each time he tries a pin that fails, there's an extra wait time added for the next one. Unless you're very unlucky you have plenty of time to move your coins.

It doubles the wait each failed attempt, I believe that's infinite (no good reason why not, the code is on github)

That's pretty much unbeatable security. If your password or whatever it uses is strong, then you are probably safe even if it's stolen.

Yesz. But physical possession of the device means they could crack it eventually, given enough resources. So you wouldn't rely on it.
Point is, it's not a disaster like losing your cash wallet is.

Yes, if someone could for instance acquire the means to extract the contents of the Trezors memory using SPI clip type method (attaching electrodes to the EEPROM or whatever memory type the little ARM M3 in the Trezor uses for persistent memory). It's possible that the password scheme for Trezor actually encrypts the contents of the persistent memory. Not sure on that though.

[ransomer]

Trezor is probably the best BTC wallet   Safe and enough developed  

And still has a lot of safety vulnerabilities that a paper wallet doesn't.

Such as?

It can be lost and then there's no way to recover it, I think.

How can you make statements like that when you clearly don't know the first thing about trezors?

If it's lost, you use the hd seed you've kept safely and recover the coins to another wallet (trezor, or software).

It's a pretty useless thing right now. With a trezor you still need to have a paper with seed.

With a paper wallet you also have a piece of paper.

For both you need a piece of paper to be safe, so apart from the other vulnerabilities we have heard about Trezor is just another thing to try to keep safe apart from the paper.

..

Also, a weakness of online wallets is that the people behind it might change the code to snatch the private keys etc... well, for Trezor there are the same issues... putting trust in some guys in Czech Republic..

[harrymmmm]

Trezor is probably the best BTC wallet   Safe and enough developed  

And still has a lot of safety vulnerabilities that a paper wallet doesn't.

Such as?

It can be lost and then there's no way to recover it, I think.

How can you make statements like that when you clearly don't know the first thing about trezors?

If it's lost, you use the hd seed you've kept safely and recover the coins to another wallet (trezor, or software).

It's a pretty useless thing right now. With a trezor you still need to have a paper with seed.

With a paper wallet you also have a piece of paper.

For both you need a piece of paper to be safe, so apart from the other vulnerabilities we have heard about Trezor is just another thing to try to keep safe apart from the paper.

..

Also, a weakness of online wallets is that the people behind it might change the code to snatch the private keys etc... well, for Trezor there are the same issues... putting trust in some guys in Czech Republic..

Writing down your hd seed for a trezor is a damn sight easier than explaining to someone how to make a paper wallet.
Trezors are handy as a hot wallet as well, unlike paper wallets.

As far as the trezor firmware being malware, well ... i'm sure i'd rather trust that open source, reviewed code, than the closed source, probably unreviewed code run by your average website.

I already asked you to specify the vulnerabilities you think Trezor has. Is this the best you've got?

[Clint]

I haven't bought one myself, but I know people who has, and they say it's very good. They're pretty expensive though, if you have alot of coins, I suggest you get it. It's the most secure way to store them.

[aerobatic]

Any thoughts? I want to store by BTC safely and securely offline. Anybody got any experience of using trezzor for that? Positives and negatives?

if you want store something for long-term (years), securely and offline, go with bunch of paper wallets generated and distribute them to multiple locations.

for those that put all their trust in paper wallets, i believe you are taking much more risk than you think you are.

paper wallets are not any more safe than any other wallet and have some worrying attack vectors.  they require too much 'trust' on behalf of the non-technical user.  you have to trust that the paper wallet generator was written by someone with good intentions, and that the code hasn't been compromised since they wrote it.   and the average user isn't qualified to decide if thats the case.   Also, you get what you pay for.  if it was free you have no comeback - who do you complain to (or sue) if in the future someone steals your coins from a deliberately or accidentally weak bitcoin address?

imho, they're unsafe for the average person to use and are better if the person using them is extremely techie and has personally examined and understood the (open) source, compiled it themselves, and is using it on a computer not connected to the internet (ideally, ever)

for everyone else, i.e., most of us... you really cant be sure if you're running a good version or a hacked version of the paper wallet generator code.  And if you got it from a publicly available web site like bitaddress.org or any other paper wallet generator how do you know its not been compromised or weakened after the author wrote it?    you won't know if the seed generation was weakened so someone can brute-force the address at a later date ... you won't know if the web site you got the code from has been redirected via a dns or bgp hack to a rogue version of the code.   you don't and won't know til far in the future if your bitcoins are protected til you find out they're not.

then there's your own computer.  does it have malware on it, before you print out the paper wallet?  perhaps even afterwards.   even if the paper wallet you downloaded and printed out is good, if there's any spyware watching what you're doing on your computer - or if your printer is on a network, any other computer on your network could spy on your printouts... or even your printer could have malware in it.. many printers are internet connected these days... etc... basically, using paper wallets have lots of attack vectors and you need a LOT of trust to use them.

At least, with a commercially available wallet, either hardware or offline software, you've paid someone for the wallet so there is a person or company to kick and to know who made it and who takes responsibility for it.  whether its Trezor, Ledger, Armory, MultiBit, Electrum (or perhaps ChooseCase, that is both hardware, and multi sig).. at least there is someone behind those products that has a commercial responsibility and you know who they are and their work is being scrutinised by all at large, and in the case of hardware wallets, there are very few attack vectors once you trust the people who made them and the scrutiny of the open source... and the protocol for using offline wallets seems likely to be safer than randomly punching up a web address (like bitaddress.org) and printing out a paper wallet that 'the internet' has given you.  seems fraught with danger and has too many systemwide holes to be trusted.

paper wallets downloaded from the internet, and printed out on your own computer seem to be for very trusting people who are willing to take a big risk with their bitcoins.

 

[BitcoinNewbie15]

I was wondering about the trezzor wallet as well. I have heard both good and bad things about it, but I do not have any personal experience with it myself. I am considering purchasing one, though I am not sure if I will.

[subwoofer12]

i think he is talking about a safebox in his house, he can control it easily if he know the combination

That's a horrible idea, what if your house is broken into and someone grabs your lockbox? you pry those things open in seconds with a crowbar

I honestly believe my methods are the safest possible:

For my hot wallet I use my Trezor, for cold I use paper wallets and store them in a safe deposit box ( insured!   )
I also keep my recovery card in my safe deposit box

[Beliathon]

Trezor is legit. The hardware is open-source so if you don't trust their manufacturing process, you can build one yourself or have someone you trust build one for you.

[pr0d1gy]

CoinPayments uses Trezor as a passwordless login. Lets you basically have a multi wallet. Really wish more places would support these kinds of logins.

Also they offer $20 off if you're planning to buy one...

https://www.buytrezor.com/coinpayments/

[bucktotal]

i've had been waiting for years for a good hard wallet solution. i waited a while to get a trezor just to see how others fared first. when they had their recent july 4th sale, i got one. it is a great little device and i feel good storing some keys on it. it is easy to use. the setup is laborious, but it is important and i appreciate the thoroughness. if this trial run goes as expected i'll likely get a few more for extra safety and for gifts for others with similar needs.

im looking forward to using it with mycelium too. anyone have any experience with that?  

[Amph]

i think he is talking about a safebox in his house, he can control it easily if he know the combination

That's a horrible idea, what if your house is broken into and someone grabs your lockbox? you pry those things open in seconds with a crowbar

I honestly believe my methods are the safest possible:

For my hot wallet I use my Trezor, for cold I use paper wallets and store them in a safe deposit box ( insured!   )
I also keep my recovery card in my safe deposit box

safe deposit box can be broken as well it's not they are immune to thieves, the big thing to have when you hold plenty of money isn't the security of it but the awareness of the people about it, in other word don't tell to anyone that you're holdin a big amount and you're safe

[Mickeyb]

Any thoughts? I want to store by BTC safely and securely offline. Anybody got any experience of using trezzor for that? Positives and negatives?

The best investment you can get to secure your Bitcoins. Really, nothing but the positives about the Trezor.
Only negative is the price, kind of steep but this also depends how many Bitcoins you have. In my opinion, anybody over 10 Bitcoins should have one. If you have 10 BTCs, at the current prices, this is only 4% to secure your investment.

As Trezor gets more used, I imagine the price will go down as well.

[subwoofer12]

i think he is talking about a safebox in his house, he can control it easily if he know the combination

That's a horrible idea, what if your house is broken into and someone grabs your lockbox? you pry those things open in seconds with a crowbar

I honestly believe my methods are the safest possible:

For my hot wallet I use my Trezor, for cold I use paper wallets and store them in a safe deposit box ( insured!   )
I also keep my recovery card in my safe deposit box

safe deposit box can be broken as well it's not they are immune to thieves, the big thing to have when you hold plenty of money isn't the security of it but the awareness of the people about it, in other word don't tell to anyone that you're holdin a big amount and you're safe

It doesn't matter if my safe deposit box is robbed, that's what the insurance policy is for. I make a claim and get my money back. It's much safer to keep your paper wallets at a bank versus hiding them somewhere inside your house.

you really cant be sure if you're running a good version or a hacked version of the paper wallet generator code.

There's multiple projects on GitHub. Compile on an air gapped computer and you're completely safe.

What happened to the original metallic looking cases for Trezor wallets?

There's a silver metallic version in a pic that keeps floating around...

Only the people who preordered got the aluminum trezors, it was a rip off imo they cost 1 BTC each

[BitcoinNewsMagazine]

i've had been waiting for years for a good hard wallet solution. i waited a while to get a trezor just to see how others fared first. when they had their recent july 4th sale, i got one. it is a great little device and i feel good storing some keys on it. it is easy to use. the setup is laborious, but it is important and i appreciate the thoroughness. if this trial run goes as expected i'll likely get a few more for extra safety and for gifts for others with similar needs.

im looking forward to using it with mycelium too. anyone have any experience with that?  

Trezor works very well with Mycelium. Actually the only safe way to use bitcoin from your phone. Also price is being reduced Monday August 10.

[aerobatic]

Only the people who preordered got the aluminum trezors, it was a rip off imo they cost 1 BTC each

almost, but not quite.  the plastic ones were 1 btc.  the metal ones were 3 btc.

they're cheaper now!  those of us who pre-ordered paid a lot for our early trezors.  nowadays i think it was worth every penny of the $300 i paid.. even though at one point, i thought i had paid the equivalent of $3000 for my trezor. (3 btc at $1000/btc).