How much would you trust trezor?

[BitcoinNewsMagazine]

I currently have ~2 BTC stored in a Ledger Wallet. It's cheaper than trezor and IMHO it offers the same security... what do you guys think?

Ledger is fine. Because of the lack of a screen you have to take care to set it up on a box you know is clean, but they sell a Starter to help with that. I use both and find myself using Trezor more often but that is personal preference.

[n3o111]

Id personally trust trezor more than I trust myself. That rules out every single computer based bitcoin wallet, and coinbase... Well the turn-off is that I can't import addresses.

That part is very nasty. Not be able to use your own/previous wallets makes it not usable (for me at least). The overal reviews i read about trezor are quite good actually.
Maybe I will buy some one day, just for kicks.

That's ridiculous. What kind of person trust a hardware more than himself? I never trust electronic equipments.

[HighPixelr]

I don't think you can mess with Trezor, because it is a hardware wallet.
Its impossible to crack unless you give someone your wallet.
I don't understand how its even possible to be insecure.

[Velkro]

I don't trust myself, how could i trust other company, even if their source code gets audited coz its open source?
It have most trust amongs hardware wallets but still...

[BillyBobZorton]

I don't like the fact that you have to log in to some interface to get your coins out of the wallet. What happens if I don't have internet? I don't want to depend on some webpage to get my funds out.

[Mickeyb]

...

As I mentioned above somewhere in this thread, I like the Trezor!  (I also like the Ledger Nano)

The only thing that worries me a bit about the Trezor (besides "insider hacking" problem just written above) is that the device seems plastic-y and not very sturdy looking.

Has ANYONE had a Trezor fall apart?

Mine has not, but it just seems flimsy.

It is plasticky but it is also very, very light. I am sure that even if you would throw it from few meters height, it wouldn't fall apart. I am not sure about the components inside, are they shock resistant? I wouldn't imagine so.

[NorrisK]

Id personally trust trezor more than I trust myself. That rules out every single computer based bitcoin wallet, and coinbase... Well the turn-off is that I can't import addresses.

That part is very nasty. Not be able to use your own/previous wallets makes it not usable (for me at least). The overal reviews i read about trezor are quite good actually.
Maybe I will buy some one day, just for kicks.

That's ridiculous. What kind of person trust a hardware more than himself? I never trust electronic equipments.

The problem is that humans are predictable... You may trust yourself more than an electronic device, but when it comes to securing something, you will be much more likely to make a mistake than the electronic device.

Remember, it is not the device that installs a keylogger or vrius on your electronic device, it is you that does it.

[m4rkiz]

I don't like the fact that you have to log in to some interface to get your coins out of the wallet. What happens if I don't have internet? I don't want to depend on some webpage to get my funds out.

well if you don't have internet connection you won't be able to send that btc anywhere anyway

you don't have to use mytrezor frontend http://doc.satoshilabs.com/trezor-apps/index.html

anyway, now i have one of those

i don't trust it with whatever left from my coins in 100%, but then again i don't trust ANY storage with all my coins

paper wallet is great, but you have to have a lot of knowledge to use it safe, and there is that point that you need to move your private key to some electronic device to spend (i would like to see private key import in trezor v2)

any electronic device, including trezor can be hacked in one way or another, it can be pure firmware\software vulnerability, it can be hardware based software attack https://www.cl.cam.ac.uk/~sps32/mcu_lock.html or something else, it is just a matter of how bad someone want it hacked, how much skills and resources he has and how much your devices are exposed - there is almost always some 0day available for your OS, browser, wallet, IM, etc., and if is not there right now it will be soon enough

but with reasonable precautions you can be safe enough

what i fear most is that the initial key isn't random enough (but that is also the case with any private key generation let it be core, some offline java generators etc.) and if that kind of problem is discovered at any point in the future it allows to steal your coins no matter how far you went to protect your own copy of a key



other than that i trust trezor enough to have some coins there for every month use

[Carlton Banks]

what i fear most is that the initial key isn't random enough (but that is also the case with any private key generation let it be core, some offline java generators etc.) and if that kind of problem is discovered at any point in the future it allows to steal your coins no matter how far you went to protect your own copy of a key



other than that i trust trezor enough to have some coins there for every month use

Trezor has the capability to use an alternative entropy source when generating the private key. Not sure whether you can literally seed it yourself (using a physical entropy source), but it can definitely take entropy from the machine/OS you're using the Trezor with.

[tl121]

Id personally trust trezor more than I trust myself. That rules out every single computer based bitcoin wallet, and coinbase... Well the turn-off is that I can't import addresses.

I use Trezor with Electrum.  While Electrum won't import private keys, it will sweep them. Once you've done this your funds are under the protection of your Trezor.  The only downside is that you will have to pay a small transaction fee to the miners.  Importing private keys would be a bad idea, because you would gain no protection from the Trezor hardware wallet by doing this, which is why it's impossible.  (And also why Electrum doesn't allow importing private keys.)

I view my real wallet as the piece of paper that I've locked up in a fireproof vault and that contains my seed words.  If your Trezor is destroyed you can recover your funds from the seed words.  You don't even need another Trezor as there are software wallets that can recover your funds.  (But you will need to trust the computer you use.)  $100 for a small, simple computer that you can trust sounds like a very good deal to me. Trezor wallets are very easy to use and I've tested them with Electrum and MultiBit HD and both of these programs can access my funds.

[OROBTC]

I currently have ~2 BTC stored in a Ledger Wallet. It's cheaper than trezor and IMHO it offers the same security... what do you guys think?

Non-professional OROBTC is just about as happy with Ledger Nano as with Trezor.

Ledger is much cheaper.

The Trezor is a bit more user-friendly IMO.

*   *   *

I suspect that a lot is going to happen in the "BTC Hardware Wallet" space.  LiteCoinGuy is closely following this topic of hardware wallets.

[tl121]

Trezor has the capability to use an alternative entropy source when generating the private key. Not sure whether you can literally seed it yourself (using a physical entropy source), but it can definitely take entropy from the machine/OS you're using the Trezor with.

There are programs to generate seed words from physical dice rolls.  You could use these and then initialize the Trezor from the seed words.  You would need to use a trusted computer to do this however.  If you used a read only operating system and vetted software then you would be OK.

When I first got my Trezor I initialized it and wrote down my seed words.  I then sent it a tiny amount of funds.  Then I reset my Trezor to the factory settings.  Then I booted up an offline computer system and used it to recover the Trezor from the seed words.  Then, using my regular computer I connected the Trezor and verified that the funds were there.  Next, I took the piece of paper with the seed words and put it in a safe, fireproof place.  Finally, I moved the bulk of my funds to the Trezor.

The best part of Trezor is that it's secure, easy to use, and most importanly, easy to use securely. I agree with the people who suggest it makes sense if you have more than 5 to 10 bitcoins that you access more than once a year or so.

Before I got the Trezor I was highly suspicious of the physical security of bitcoins. I used Armory and off-line Electrum wallets, but it became obvious that it was just a matter of time before I committed some serious operational security breech.  Plus, it was horribly inconvenient to spend my bitcoins.

Ultimately, there will be trusted computers that can run a mixture of hostile and trusted applications and allow a single TPM chip to protect applications from each other at very low cost.  However, given the complexity of such situations and the likelihood that all large scale chip vendors and computer system manufactures are subverted by TPTB, Trezor seems like a very good deal, at least for the next few years.

[StevenS]

I don't like the fact that you have to log in to some interface to get your coins out of the wallet. What happens if I don't have internet? I don't want to depend on some webpage to get my funds out.

I use my Trezor with Mycelium on my phone. You don't need to use the mytrezor.com web page.

[quentincole32]

i will not trust trezor,i dont think hardware wallet more secure than online wallet.
and also hardware wallet have possibly lost the device,and because of that,i use online wallet until now.

[Nameless Coin]

i will not trust trezor,i dont think hardware wallet more secure than online wallet.
and also hardware wallet have possibly lost the device,and because of that,i use online wallet until now.

But do you hold your bitcoins? Or you just invest and hold some.
I have heard that the most people who use trezor, because they want to hold it for a long time and they just save it somewhere safe.
But yeah online wallet is also secure but just make other wallets and paper wallet is also good enough.

[USB-S]

I just ordered a trezor device today, I've read that people don't like the flimsy, cheap part of it. We'll see what when it arrives. I really think that the device itself is a bit overpriced, but I'm not going for a Chinese one which might have some security issues.

[EdenHazard]

Just something I've been thinking lately - I hold a sizeable sum in a trezor that I bought lately (after I did some review of the code and the protocols used), but I'm wondering about how much others would trust a trezor personally. I used to use Offline Armory exclusively but it's taking a toll on my SSD's by running a full client on my online computer.

honestly i really want trust trezor,but i just use online wallet,and still not interest with offline wallet.
sometime i just wonder,how much trezor user,and why they choose offline wallet like trezor.

[megatron1337]

I doubt the products was made to screw people over.  I think it's a great product and the company seems like it is run like a true business.

[HappyComplex]

Does trezor re-use addresses?

Are coins stored on a trezor safe from quantum computers maybe 10 years in the future?

[NewInCryptoCurrency]

I am kinda holding off on getting one. I have yet to see a bad review on it. All the things I read about it are all positive.
I might get one next year, we'll see how it turns out.