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Author Topic: Best Hardware Wallet  (Read 8649 times)
ThatRandom8543
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November 12, 2016, 11:02:22 PM
 #1

I am planning on purchasing a hardware wallet and would like to know which is best to use? I am looking towards getting an trezor but i also know there is ledger (probably not wise since there is no input on the device to confirm transactions) and keepkey but dont know which would be best. If you use one of these three i listed, do you think it would be a good fit to use or should I use something else?
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November 13, 2016, 01:30:21 AM
 #2

I am planning on purchasing a hardware wallet and would like to know which is best to use? I am looking towards getting an trezor but i also know there is ledger (probably not wise since there is no input on the device to confirm transactions) and keepkey but dont know which would be best. If you use one of these three i listed, do you think it would be a good fit to use or should I use something else?
Here you go and all of your stressed for choosing the best one will get fixed for easily. i preferred for using trezor in my mind.

https://www.reddit.com/r/Bitcoin/comments/4w9vn1/bitcoin_hardware_wallet_review_keepkey_vs_trezor/

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November 13, 2016, 01:53:44 AM
 #3

First things first, you better keep your bitcoins or altcoins in several addresses and USB stick could do the trick as well as a paper wallet, but I think as many recommend trezor is one of the best.

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ThatRandom8543
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November 13, 2016, 07:02:44 AM
 #4

First things first, you better keep your bitcoins or altcoins in several addresses and USB stick could do the trick as well as a paper wallet, but I think as many recommend trezor is one of the best.

I prefer paperwallet as a backup over usb, but you cannot send bitcoins from a paper wallet (unless the private key is in use on a btc wallet like armory, etc). I may use trezor though due to its features, as well as it being open source. I am looking at keepkey but i dont think you can do multiple wallets (or accounts?) with keepkey. Could be wrong but from my research it doesnt look like its discussed much.
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November 13, 2016, 03:53:09 PM
 #5

I am planning on purchasing a hardware wallet and would like to know which is best to use? I am looking towards getting an trezor but i also know there is ledger (probably not wise since there is no input on the device to confirm transactions) and keepkey but dont know which would be best. If you use one of these three i listed, do you think it would be a good fit to use or should I use something else?

KeepKey uses forked Trezor source code. Which is legal to do but why not support the original instead? At present both Trezor and Ledger Nano S would work well for you. Nano S does not yet allow passphrase protected wallets but that is on the roadmap. Both Trezor and Nano S work with Mycelium on your Android phone and the new Nano S does confirm transactions on the device. I would not buy the older Nano as the Nano S is better in all respects.

Nano S also supports Ether which Trezor does not (yet) if that is important to you. I use both Trezor and Nano S and the Trezor is more comfortable to use in the hand, more ergonomic. Nano S takes two hands to use. If price is important to you the Nano S is 2/3 the price of the Trezor.

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November 13, 2016, 06:19:52 PM
 #6

I am planning on purchasing a hardware wallet and would like to know which is best to use? I am looking towards getting an trezor but i also know there is ledger (probably not wise since there is no input on the device to confirm transactions) and keepkey but dont know which would be best. If you use one of these three i listed, do you think it would be a good fit to use or should I use something else?
I just think you should make sure you have a reason to spend ~$100 on a hardware wallet when there are plenty of very secure methods out there already that don't require a purchase.

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November 13, 2016, 06:30:21 PM
 #7

I am planning on purchasing a hardware wallet and would like to know which is best to use? I am looking towards getting an trezor but i also know there is ledger (probably not wise since there is no input on the device to confirm transactions) and keepkey but dont know which would be best. If you use one of these three i listed, do you think it would be a good fit to use or should I use something else?
I just think you should make sure you have a reason to spend ~$100 on a hardware wallet when there are plenty of very secure methods out there already that don't require a purchase.

I am using Armory, but however when using armory you are restricted to the platforms it supports. I know i can have an offline wallet too, but im not always going to be around the machine that holds it, which is why i thought about having it offline completely with a hardware wallet. It might be worth it, the only risk is the device itself getting damaged or corrupted in a way that would destroy the private keys. I would have a backup, but other than that, its also one of the best ways to handle signing transactions. I do not trust my phone to hold my coins either lol.
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November 13, 2016, 06:34:35 PM
 #8

I am planning on purchasing a hardware wallet and would like to know which is best to use? I am looking towards getting an trezor but i also know there is ledger (probably not wise since there is no input on the device to confirm transactions) and keepkey but dont know which would be best. If you use one of these three i listed, do you think it would be a good fit to use or should I use something else?
I just think you should make sure you have a reason to spend ~$100 on a hardware wallet when there are plenty of very secure methods out there already that don't require a purchase.

I am using Armory, but however when using armory you are restricted to the platforms it supports. I know i can have an offline wallet too, but im not always going to be around the machine that holds it, which is why i thought about having it offline completely with a hardware wallet. It might be worth it, the only risk is the device itself getting damaged or corrupted in a way that would destroy the private keys. I would have a backup, but other than that, its also one of the best ways to handle signing transactions. I do not trust my phone to hold my coins either lol.
If you have enough money to justify the purchase, then go for it. But remember that a lot of what you want to do can also be achieved with paper wallets.

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November 13, 2016, 06:34:56 PM
 #9

I am planning on purchasing a hardware wallet and would like to know which is best to use? I am looking towards getting an trezor but i also know there is ledger (probably not wise since there is no input on the device to confirm transactions) and keepkey but dont know which would be best. If you use one of these three i listed, do you think it would be a good fit to use or should I use something else?
I just think you should make sure you have a reason to spend ~$100 on a hardware wallet when there are plenty of very secure methods out there already that don't require a purchase.

The other methods out there are not bulletproof like a hardware wallet. You have to get your private keys offline where malware can not reach them. Paper wallets are not convenient and have their own problems. Really a hardware wallet is the best purchase someone who uses bitcoin can make. No one has ever had bitcoin stolen from a Trezor. Think about that for a moment and weigh the minimal cost versus the long term benefits. You can set up cold storage using Electrum or Armory and two computers but try to carry that with you. Any methods using a USB stick expose your private keys at some point, same with paper wallets. I think that owning a hardware wallet separates the serious bitcoin holder from the just started. There is no downside to using a Trezor or Nano S and you can rest easy knowing your bitcoin are as secure as possible but can still be safely spent. I have been using Trezors since they were introduced so have an affinity for that brand but also own and like the Ledger Nano S.

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November 15, 2016, 03:47:48 AM
 #10

I manage a high amount of Bitcoin, and I am extremely paranoid about the security of the coins.

I use a Linux based PC (I never used Windows or Mac and will never try them), a pure distribution with the packages I use / need, with Electrum wallet linked to KeepKey.

KeepKey is an excellent hardware wallet you should consider.
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December 26, 2016, 08:37:20 PM
 #11

I manage a high amount of Bitcoin, and I am extremely paranoid about the security of the coins.

I use a Linux based PC (I never used Windows or Mac and will never try them), a pure distribution with the packages I use / need, with Electrum wallet linked to KeepKey.

KeepKey is an excellent hardware wallet you should consider.

have you tried other hardware wallets?
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December 26, 2016, 08:52:55 PM
 #12

I manage a high amount of Bitcoin, and I am extremely paranoid about the security of the coins.

I use a Linux based PC (I never used Windows or Mac and will never try them), a pure distribution with the packages I use / need, with Electrum wallet linked to KeepKey.

KeepKey is an excellent hardware wallet you should consider.

have you tried other hardware wallets?

I did not, I'd rather spend more on a robust device than a weak one.

I got keepkey because : it have the minimal features you need, I can take it and travel with it anywhere (hard to break), discrete and hard to break its buttons.
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December 26, 2016, 10:47:47 PM
 #13

I manage a high amount of Bitcoin, and I am extremely paranoid about the security of the coins.

I use a Linux based PC (I never used Windows or Mac and will never try them), a pure distribution with the packages I use / need, with Electrum wallet linked to KeepKey.

KeepKey is an excellent hardware wallet you should consider.

have you tried other hardware wallets?

I did not, I'd rather spend more on a robust device than a weak one.

I got keepkey because : it have the minimal features you need, I can take it and travel with it anywhere (hard to break), discrete and hard to break its buttons.

How long have you owned it?  I'm deliiberating between Keepkey / Nano S / Trezor.

Are you required to use Chrome with Keepkey?  I only use Firefox and Electrum... will this be an issue?
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December 26, 2016, 10:59:00 PM
 #14

I have used ledger products and have been impressed. Ledger Nano or Trezor should be equal, I prefer ledger just for the preferred product shape. I read somewhere keepkey has a small vulnerability but don't count me on it as I did not verify the information.

Just store multiple  copies of the seed SAFELY or maybe even load the same seed onto multiple ones then your golden!
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December 27, 2016, 12:41:58 AM
 #15

I have used ledger products and have been impressed. Ledger Nano or Trezor should be equal, I prefer ledger just for the preferred product shape. I read somewhere keepkey has a small vulnerability but don't count me on it as I did not verify the information.

Just store multiple  copies of the seed SAFELY or maybe even load the same seed onto multiple ones then your golden!

Thanks for this - I think I'll go with the Trezor...
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December 27, 2016, 02:16:11 AM
 #16

They won't disappoint! Write multiple copies of the seed after set up and store them securely, and you're golden!
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December 27, 2016, 05:57:23 AM
 #17

I manage a high amount of Bitcoin, and I am extremely paranoid about the security of the coins.

I use a Linux based PC (I never used Windows or Mac and will never try them), a pure distribution with the packages I use / need, with Electrum wallet linked to KeepKey.

KeepKey is an excellent hardware wallet you should consider.

have you tried other hardware wallets?

I did not, I'd rather spend more on a robust device than a weak one.

I got keepkey because : it have the minimal features you need, I can take it and travel with it anywhere (hard to break), discrete and hard to break its buttons.

How long have you owned it?  I'm deliiberating between Keepkey / Nano S / Trezor.

Are you required to use Chrome with Keepkey?  I only use Firefox and Electrum... will this be an issue?


KeepKey work by default with a Chrome extension, but you can easily integrate it with your Electrum wallet and no need to use the browser again.

Electrum is available on all platforms, this is one of the reasons I love it.


The configuration I have allow me to spend BTC from any of my devices, the software is electrum, the wallet is hosted on keepkey.

 
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January 02, 2017, 07:58:54 PM
 #18

Thanks for all the insight - very helpful!!
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January 05, 2017, 12:39:04 AM
 #19

Is keepkey really a reliable wallet? I saw this thread https://bitcointalk.org/index.php?topic=1737321.0
They are giving bounty for those who want to trace the hacker(s). Which means theres a hole in this cold storage that can be penetrated.
I have not use any cold storage but i would like to get one. Which one is the best? Trezor or Keepkey?

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January 05, 2017, 12:49:18 AM
 #20

Is keepkey really a reliable wallet? I saw this thread https://bitcointalk.org/index.php?topic=1737321.0
They are giving bounty for those who want to trace the hacker(s). Which means theres a hole in this cold storage that can be penetrated.
I have not use any cold storage but i would like to get one. Which one is the best? Trezor or Keepkey?

That hack has nothing to do with the hardware itself.

Many car manufacturer and governmental agencies got their website hacked, that does not reflect the quality of the product or the agency.
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