Bitcoin Forum
July 18, 2018, 03:04:46 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 4 5 »  All
  Print  
Author Topic: Trezor or Paper Wallet?  (Read 4302 times)
StockBet.com
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


Make A Bet on WORKING SOFTWARE


View Profile WWW
September 09, 2017, 07:47:02 PM
 #21

When it comes time to spend your paper wallet, you need to load that private key into some kind of device (eg. Computer, phone, table) and sign a transaction. At this stage, you have to worry about the security of that system. Is it compromised? Does it have a hacked/buggy RNG? Will it leak your keys through a side channel? The trezor does the signing securely on the device. The keys never leave it and never need to be loaded onto another device.

With Electrum, you run it on an offline computer or bootable USB and you sign the transaction there.  Then you take the transaction to the online computer and broadcast the transaction.  The private key never leaves your offline computer.

1531926286
Hero Member
*
Offline Offline

Posts: 1531926286

View Profile Personal Message (Offline)

Ignore
1531926286
Reply with quote  #2

1531926286
Report to moderator
The World's Betting Exchange

Bet with play money. Win real Bitcoin. 5BTC Prize Fund for World Cup 2018.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
miguelmorales85
Hero Member
*****
Offline Offline

Activity: 547
Merit: 501


View Profile
September 09, 2017, 09:55:31 PM
 #22

why would the TREZOR be so expensive?Huh it not like it has NASA level hardware (neither software)
HCP
Hero Member
*****
Offline Offline

Activity: 658
Merit: 874

<insert witty quote here>


View Profile
September 10, 2017, 11:39:09 AM
 #23

This implies that you have to trust that the manufacturer doesn't have any rogue employees.
Much like you have to trust your OS maker doesn't have any rogue employees... or Intel/AMD... or the hard drive manufacturer... or the USB manufacturer... or the WiFi chipset manufacturer... or the RAM manufacturer... or the Ethernet manufacturer... or the Router/Modem manufacturer... or the <insert every other link in the chain>

Trezor do their best, and you can verify the publicly viewable code is the one on your device...: https://github.com/trezor/trezor-mcu/blob/master/README.md#how-to-get-fingerprint-of-firmware-signed-and-distributed-by-satoshilabs


With Electrum, you run it on an offline computer or bootable USB and you sign the transaction there.  Then you take the transaction to the online computer and broadcast the transaction.  The private key never leaves your offline computer.
And what makes you think that a rogue version of Electrum wouldn't encode your private key in the OP_RETURN section of your transaction prior to signing it? What guarantee do you have that the version of Electrum you downloaded is the same as the code on Github?


You'll NEVER find a 100% secure solution... there are ALWAYS attack vectors... especially when humans are involved.

ankurguta87
Full Member
***
Offline Offline

Activity: 364
Merit: 117


The Future Of Work


View Profile WWW
September 11, 2017, 04:44:36 AM
 #24

if you dont wanna spend extra money,  paper wallet is the best option.

▬▬■ ■ ■▬▬ The Future of Work. Decentralized. ▬▬■ ■ ■▬▬
WhitepaperANN THREADTELEGRAMFACEBOOKTWITTERYOUTUBE
steamon
Sr. Member
****
Offline Offline

Activity: 400
Merit: 251



View Profile
September 11, 2017, 12:45:55 PM
 #25

I would go for an encrypted cloud storage and a written private keys on paper. Why don't I like a Trezor its electronics if it breaks everything is gone and paper wallet what if your house burns down you lose everything? There are ways to avoid it with a fire safe for example. Every has their personal choice. I am hoping that most wallets in the future will have f2a authentication added so you can't lose any crypto even if they can guess something. Yea it won't stop a private key hacker that's why I say write that on paper. If then your house burns you can still log in on new pc with 2fa and get the private key out again.
CryptoNinja44
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
September 11, 2017, 12:53:35 PM
 #26

For long period of hodling, i think paper wallet is best, but trezor is better if you use your coins everyday.
Cerbera
Member
**
Offline Offline

Activity: 74
Merit: 10


View Profile
September 13, 2017, 11:43:12 AM
 #27

You could also consider the Ledger Nano S. I believe that it will be supporting NEO in the near future.

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
ⓏⒺⒾⓉⒸⓄⒾⓃ     No Rain No Gain  ᕗ       RainbowGold      ᕙ Follow the Rainbow      ⓏⒺⒾⓉⒸⓄⒾⓃ
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
kolloh
Legendary
*
Offline Offline

Activity: 1232
Merit: 1000


View Profile
September 13, 2017, 02:20:06 PM
 #28

Hardware wallets like the Trezor or Ledger Nano S are much more convenient than paper wallets if you intend to send your coins at all. It is annoying to create new paper wallets everytime you spend coins. For long term storage where you aren't spending the coins, paper wallets work well though and don't cost anything to use.
Spendulus
Legendary
*
Offline Offline

Activity: 1946
Merit: 1011



View Profile
September 13, 2017, 02:31:17 PM
 #29

When it comes time to spend your paper wallet, you need to load that private key into some kind of device (eg. Computer, phone, table) and sign a transaction. At this stage, you have to worry about the security of that system. Is it compromised? Does it have a hacked/buggy RNG? Will it leak your keys through a side channel? The trezor does the signing securely on the device. The keys never leave it and never need to be loaded onto another device.

ONE argument for Trezor vs paper wallet for the long term is what happens if BTC goes to 500k. Suppose you were the lucky guy that had an old paper wallet with 20BTC.....

To use them, you must load the entire sum into some computer and at that moment it is exposed to possible compromise. Because of the "NO CHANGE" property of paper wallets, the entire sum must be swept or imported into a wallet.

A Trezor with 20BTC in that situation, you could pull out say 0.01BTC and only that would be exposed to possible compromise.

I think it would be wise with the Trezor to verify the operation of the HD word sequence restore in one or another wallet, say the Electrum, then to save a copy of that particular program on a flash drive and put it with the Trezor in a safe. You proved it worked with that one wallet, not with any or some wallet that might exist in ten years.

rupeeteam
Jr. Member
*
Offline Offline

Activity: 42
Merit: 0


View Profile
September 13, 2017, 11:19:04 PM
 #30

Can Trevor be used for other crypto currencies or is only for BTC?
HCP
Hero Member
*****
Offline Offline

Activity: 658
Merit: 874

<insert witty quote here>


View Profile
September 14, 2017, 03:20:16 AM
 #31

Can Trevor be used for other crypto currencies or is only for BTC?
Hmmm... it seems that neither Google nor the Trezor website are down... so I'm not sure why you could not find this information Roll Eyes

http://doc.satoshilabs.com/trezor-faq/overview.html#which-coins-are-currently-supported

ferumflex
Full Member
***
Offline Offline

Activity: 255
Merit: 101


View Profile WWW
September 14, 2017, 08:52:44 AM
 #32

I would select trezor and paper wallet but it in a safe place. In case I lost hardware wallet and my memory
Kumic
Full Member
***
Offline Offline

Activity: 364
Merit: 100



View Profile
September 15, 2017, 10:23:47 AM
 #33

If we talk about a larger value or let's say more than 10BTC, I think that we should use more than one safe storage. Divide your coins and put them into 3 Trezor and 3 Paper Wallets, leave some on Ledger too. Buy one PC just for paper wallet and other transactions, make it safe, don't watch porn on that pc bro lol. Invest in your own security, that's a good investment.

DeepOnion    ▬▬  Anonymous and Untraceable  ▬▬    ENJOY YOUR PRIVACY  •  JOIN DEEPONION
▐▐▐▐▐▐▐▐   ANN  Whitepaper  Facebook  Twitter  Telegram  Discord    ▌▌▌▌▌▌▌▌
Get $ONION  (✔Cryptopia  ✔KuCoin)  |  VoteCentral  Register NOW!  |  Download DeepOnion
Backupnime
Full Member
***
Offline Offline

Activity: 154
Merit: 100



View Profile
September 17, 2017, 01:41:10 PM
 #34

i prefer in Trezor better than paper wallet.

   Read Our WHITEPAPER              (((   BIDIUM   )))         ICO Active  |  JOIN NOW!
Revolutionizing Auction & Freelance Hiring with a Crypto Exchange Powered by Blockchain
███████████ |     FACEBOOK     |      TWITTER      |     TELEGRAM     | ███████████
Rahip
Full Member
***
Offline Offline

Activity: 336
Merit: 111


One Token to Move Anything Anywhere


View Profile
September 17, 2017, 03:34:27 PM
 #35

What is your preference? Ledger or trezor ?

nicosey
Full Member
***
Offline Offline

Activity: 294
Merit: 101



View Profile
September 28, 2017, 07:37:34 AM
 #36

Ledger is easier to use then Ledger.  Ledger more secure.

xSkyer
Full Member
***
Offline Offline

Activity: 196
Merit: 100


★777Coin.com★ Fun BTC Casino!


View Profile
September 28, 2017, 07:51:49 AM
 #37

I would go with Ledger too. Ledger Nano S is cheaper, smaller and in my opinion looks better. However, its build quality is not as good as I thought. Even though my Ledger is on my desk all the time, it has a lot of scratches after 1 month but you have to look closely to notice them. Paper wallets are a good choice if you are going to hold your funds for a long time without moving them anywhere. Hardware wallets are easy to use in terms of sending and receiving transactions.

smokeydog
Member
**
Offline Offline

Activity: 97
Merit: 10


View Profile
October 01, 2017, 05:52:08 PM
 #38

i prefer paper wallet. because trezor is hardware too and it can be hacked one day.

How can it be hacked if it is off-line and in safe storage?
xSkyer
Full Member
***
Offline Offline

Activity: 196
Merit: 100


★777Coin.com★ Fun BTC Casino!


View Profile
October 01, 2017, 06:05:23 PM
 #39

i prefer paper wallet. because trezor is hardware too and it can be hacked one day.

How can it be hacked if it is off-line and in safe storage?

Trezor has been compromised. Here's the link:

https://blog.trezor.io/fixing-physical-memory-access-issue-in-trezor-2b9b46bb4522

However it was fixed in the recent software update. That's why I recommend Ledger Nano S. There were no issues yet and there are many coins supported on Ledger. About 4 are going to be added this month!  Hardware wallets are great because they don't expose your private keys but they might be hacked someday.

Bezdonov Art
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
October 03, 2017, 03:56:23 PM
 #40


4) What are the pros and cons of using a Trezor wallet?

With the trezor hardware wallet, the device is the two-factor authentication, allowing owners to unlock their passwords without third-parties, applications, sms or email. Rather than relying on the master password scenario, the user simply “unlocks” the device with their pin and keeps passwords safe from keyloggers and physical attacks. Getting compromised is virtually impossible. This is due to the trezor platform securing each password entry on a “one-by-one basis with a unique encryption key,” which is derived directly from the trezor device.
Pages: « 1 [2] 3 4 5 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!