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Author Topic: What do u think of a tough keepkey/trezor/leger-nano-s ?  (Read 1192 times)
Sandal_Hat
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May 10, 2017, 03:45:35 AM
 #1

Something like a toughbook instead of a notebook. So, in case an accident occurs, it isnt eaily broken. They have not made one yet it seems.

Or perhaps just buying 2-3 of those hardware wallets is better
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May 10, 2017, 03:50:26 AM
 #2

why 2-3! you just need 1 hardware wallet if you are planning on storing a large amount of bitcoin and you are not tech-savvy enough to make a wallet for yourself like making a simple encrypted paper wallet with bitaddress

is this what you mean by toughtbook: https://en.wikipedia.org/wiki/Toughbook
i have never heard the term before Smiley

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May 10, 2017, 04:25:46 AM
 #3

If you're talking about rugged laptops for which to house your bitcoin wallet, here are 5 of the toughest laptops available today: http://www.gadgetvalue.com/?p=973

Multiple devices isn't needed...just a singularly strong device with the capacity to hold multiple wallets with different security or access options (if desired).

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May 10, 2017, 04:31:57 AM
 #4

Something like a toughbook instead of a notebook. So, in case an accident occurs, it isnt eaily broken. They have not made one yet it seems.

Or perhaps just buying 2-3 of those hardware wallets is better

The durability isn't really necessary in this particular scheme, given that you can use a recovery phrase to restore your account to any device. there is certainly value in an extra durable wallet, ESP given that these devices are somewhat fragile. With that being said, a barebone version of the same seems more efficient; making it moderately durable but easily replaceable would make people more apt to use wallet like physical tokens. As long as it has a screen and can be dropped from a decent height without shattering, it should be sufficient. Physical wallets should be a cold storage solutions, not used like a hot wallet.

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May 10, 2017, 08:01:29 AM
 #5

Paper wallet is enough if you want to hold bitcoin for long term, just make one from bitaddress, protect your paper wallet by every possible means. Your bitcoin are now in much secured wallet.  Wink

Don't forget to make that address in offline computer using offline printer.

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May 10, 2017, 08:13:33 AM
 #6

What if future computers do not support USB anymore? I guess human shouldn't change much so paper wallet is still the best.

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May 10, 2017, 10:56:31 AM
 #7

If i were going to choose from those three, i will use keepkey because my friend have that hardware wallet and he said that it is fine and easy to use so i think i will try the hardware wallet that is tested by my friends so i can get an advice from them if i encountered any problem while using it. For additional, keepkey is multi-cryptocurrency so it is a better hardware wallet than trezor.

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May 10, 2017, 01:06:57 PM
 #8



Something like a toughbook instead of a notebook. So, in case an accident occurs, it isnt eaily broken. They have not made one yet it seems.

Or perhaps just buying 2-3 of those hardware wallets is better

The durability isn't really necessary in this particular scheme, given that you can use a recovery phrase to restore your account to any device. there is certainly value in an extra durable wallet, ESP given that these devices are somewhat fragile. With that being said, a barebone version of the same seems more efficient; making it moderately durable but easily replaceable would make people more apt to use wallet like physical tokens. As long as it has a screen and can be dropped from a decent height without shattering, it should be sufficient. Physical wallets should be a cold storage solutions, not used like a hot wallet.

I dont mean get a toughbook. I mean get a keepkey or a ledger wallet that is tough, not easily broken or damaged if drop...kinda like how a notebook is fragile and a toughbook is tough
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May 10, 2017, 01:12:55 PM
 #9

I think it is not fully required to have those wallets because it is just for people who didn't know how to secure their coins, it is better to just put your bitcoins in a paper wallet and laminate it so the paper is secured from the water and just keep it in a safe place and there you go, you have a fully secured wallet which is cheaper than hardware wallet that can cost you around $100.

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May 10, 2017, 01:44:53 PM
 #10

Nothing is stronger and more secure than a laminated paper wallet.  Cheesy .... Anything electronic will fail some day, and the technology is usually

outdated within a year. Yes, there will be backward compatibility or converters to make these things last longer, but within 10 to 20 years most

hardware will stop working or will be completely obsolete.  Roll Eyes

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May 10, 2017, 02:00:12 PM
 #11

Something like a toughbook instead of a notebook. So, in case an accident occurs, it isnt eaily broken. They have not made one yet it seems.

Or perhaps just buying 2-3 of those hardware wallets is better

1 hardware wallet and a paper backup in case of any hardware failure or if the hardware wallet gets lost/stolen. Just be sure to store the paper backup securely so that it doesn't get compromised. Encrypting it with BIP38 or similar is probably a wise idea.
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May 10, 2017, 02:05:38 PM
 #12

the key is taking a proper backup from your wallets so that in case you lost them or in case of some kind of hardware failure you won't be left without any recovery method of your funds. i believe the hardware wallets also have some sort of seed for this case but i may be wrong since i don't own one.

edit: apparently they do have a seed. so i was right
https://news.bitcoin.com/restore-hardware-wallet-seed-phrase/
https://en.bitcoin.it/wiki/Hardware_wallet

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May 10, 2017, 02:08:11 PM
 #13

the key is taking a proper backup from your wallets so that in case you lost them or in case of some kind of hardware failure you won't be left without any recovery method of your funds. i believe the hardware wallets also have some sort of seed for this case but i may be wrong since i don't own one.

Yep, hardware wallets definitely have a seed and proper procedure is to make a backup of that seed on paper or something in case anything happens to the wallet.

On the Ledger Nano S, it looks something like this:
https://cdn-images-1.medium.com/max/800/1*yaNPfVU1eRWCP_vMc4Qx2w.gif
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May 10, 2017, 02:18:04 PM
 #14

Anything electronic can break. I have tried all the hardware wallets and I did have a Trezor go bad and was replaced under warranty. Trezor and KeepKey have one year warranties while Ledger Nano S has a two year warranty which is nice. Anyone who uses hardware wallets regularly normally buys a spare, so if the main wallet is lost or malfunctions the seed can be restored to the spare in 10 minutes.

Ledger and KeepKey used to have a more secure restore process than Trezor but that is now not the case. You can restore a Trezor without typing the seed into host computer now. Hardware wallets are fairly equal now with Nano S and Trezor offering more altcoin support than KeepKey. Your 12 or 24 word seed can be considered a 'paper wallet' and needs to be stored securely, never online.

KeepKey uses a fork of Trezor firmware. I prefer to use the original. Trezor can be used with one hand while it takes two to push the buttons on Ledger Nano S. On the other hand Nano S is less expensive than Trezor.  

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May 10, 2017, 02:23:14 PM
 #15

I have a ledger nano and I've never been more happy with it.

Ledger is Cheaper than Trezor for around 20usd/Euro you can get the cheapest one.

And as some other said Even if it " fails some day" A Seed Recovery with 12 Words will restore the Wallet.

Ledger Comes with a Offline Security Card that is unique to the Device and it will be used to sign up Transactions, Even if you lose it you can recover it with the QR code inside the device Manual.
But, using the Offline Security card anytime is not recommended at all, since it has Fixed values It's Possible to be Vulnerable in the Long Run if an attacker decides to Patiently gather data with a keylogger ... But that's where the Android App is useful, you can Synchronize it with the Ledger Wallet and Double Verify transactions from it without using the card at all...

Thing is, I would rather use it as a Cold Storage/Buy and Hold. Since Every time it signs off a transaction it'll wear off a little since it's a NAND memory, so yeah eventually it'll fail and That's why it's not recommended to Micropayments.
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May 10, 2017, 02:29:21 PM
 #16

I have a ledger nano and I've never been more happy with it.

Ledger is Cheaper than Trezor for around 20usd/Euro you can get the cheapest one.

And as some other said Even if it " fails some day" A Seed Recovery with 12 Words will restore the Wallet.

Ledger Comes with a Offline Security Card that is unique to the Device and it will be used to sign up Transactions, Even if you lose it you can recover it with the QR code inside the device Manual.
But, using the Offline Security card anytime is not recommended at all, since it has Fixed values It's Possible to be Vulnerable in the Long Run if an attacker decides to Patiently gather data with a keylogger ... But that's where the Android App is useful, you can Synchronize it with the Ledger Wallet and Double Verify transactions from it without using the card at all...

Thing is, I would rather use it as a Cold Storage/Buy and Hold. Since Every time it signs off a transaction it'll wear off a little since it's a NAND memory, so yeah eventually it'll fail and That's why it's not recommended to Micropayments.

thats a big saving from trezor. i will look into this one ty
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May 10, 2017, 02:34:05 PM
 #17

I have a ledger nano and I've never been more happy with it.

Ledger is Cheaper than Trezor for around 20usd/Euro you can get the cheapest one.

And as some other said Even if it " fails some day" A Seed Recovery with 12 Words will restore the Wallet.

Ledger Comes with a Offline Security Card that is unique to the Device and it will be used to sign up Transactions, Even if you lose it you can recover it with the QR code inside the device Manual.
But, using the Offline Security card anytime is not recommended at all, since it has Fixed values It's Possible to be Vulnerable in the Long Run if an attacker decides to Patiently gather data with a keylogger ... But that's where the Android App is useful, you can Synchronize it with the Ledger Wallet and Double Verify transactions from it without using the card at all...

Thing is, I would rather use it as a Cold Storage/Buy and Hold. Since Every time it signs off a transaction it'll wear off a little since it's a NAND memory, so yeah eventually it'll fail and That's why it's not recommended to Micropayments.

The less expensive Ledger Nano and HW.1 were the original products by Ledger and are being discontinued when current stock is sold out. The new Ledger Nano S is superior in all respects.

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May 10, 2017, 02:42:57 PM
 #18

What if future computers do not support USB anymore? I guess human shouldn't change much so paper wallet is still the best.
Its impossible for USB to be wiped out in the future and even tech would evolved they would still be available and accessible thinking of that most gadgets or hightech things now do have this kind of feature which means we can assume it would last even more and im curious about that toughbook on whats that and also 1 hardware wallet would be enough on storing up your bitcoins theres no need to put on more wallets.

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May 10, 2017, 02:47:53 PM
 #19

Most people who buy a hardware wallet probably keep it in a safe or deposit box, but a "tough" version is not a bad idea.

Has any reviewer done a "drop test" to see how durable these devices are?
I would like to see one dropped down the stairs, frozen in a block of ice etc like they do with tablets/ smartphones.  Grin

kingcolex
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May 10, 2017, 02:49:04 PM
 #20

A tough trezor would be great and especially if it came with a metal seed word keeper where you use stamped letters to lock in your seed.

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