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Author Topic: Trezor or Paper Wallet?  (Read 3683 times)
Bezdonov Art
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October 03, 2017, 03:56:23 PM
 #41


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.
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hakuna
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October 03, 2017, 08:51:30 PM
 #42

I own a Ledger Nano and it is one of the best buys of the year.

I think the pros are the same than the Trezor.
- you can have multiple wallets (BTC, ETH, etc) without messing with private keys
- you can "transfer" your wallets on another device, if lost or stolen, using the sequence of words provided to you
- the signature of the message is done on the device, hence it is more secure

Then I think the choice is also linked to whether you are an organized person, or not. Having all the wallet in a unique place could save a lot of time, if you are a messy person.


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October 05, 2017, 07:31:18 AM
 #43

I would recommend trezor but the sheet with your recovery word should be divided into sections and keep them under lock in different sites.

Paper wallet from my point of view is too risky but there is no safer way to protect against hackers.  Undecided

In the end you must manage risk and spread it into several kind of holding methods.


PS: if you don't have your private keys those bitcoins aren't yours!

good luck
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October 05, 2017, 04:13:02 PM
 #44

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?

The Trezor operates with (A) a hardware Trezor device (B) a cable (C) a computer that has the Trezor wallet software (D) a router (E) the Trezor web site (F) the Internet

Data flows are at least (A) periodic connection to the computer for access (B) block chain inquiries (C) downwards Trezor firmware updates

It's unreasonable to exclude as impossible, all possible attack modes.
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October 05, 2017, 06:38:21 PM
 #45

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

There are not a lot of companies that specialises in creating and developing cryptocurrencies hardware wallets. Both Trezor and Ledger have great support. Research and development cost a lot of money, we have to be aware of that. Just look at Ledger company, they have just released Ledger Blue which is kinda advanced technology for such small company.

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October 07, 2017, 09:46:28 PM
 #46

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

There are not a lot of companies that specialises in creating and developing cryptocurrencies hardware wallets. Both Trezor and Ledger have great support. Research and development cost a lot of money, we have to be aware of that. Just look at Ledger company, they have just released Ledger Blue which is kinda advanced technology for such small company.

they specialize in stability of the security of user assets, they offer different things and are the safest wallets ever, we need to support them as they propose exclusivity at a cost that suits the security system on offer.

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October 08, 2017, 12:49:24 AM
 #47

I actually prefer a paper wallet. Electronic wallets are good and nice and secure but like any other electronic gadget they are at risk of being damaged or corrupted. Some of them are also not future-proof and might not work on future systems. So keeping them forever as your sole bitcoin repository might not be a good idea.

In defense of these electronic wallets, they have more features than a simple paper wallet and allows one to spend directly from such wallets. They are also good cold storage wallets.

As for a paper wallet, you can keep multiples of the recovery phrases or private keys in a safe location or even ask family members to keep them in different places. A paper wallet is cheap but ultra secure. 

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October 08, 2017, 01:01:29 AM
 #48

they both have their benefits. i'm of the belief that trezors are more secure
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October 08, 2017, 06:29:08 PM
 #49

I actually prefer a paper wallet. Electronic wallets are good and nice and secure but like any other electronic gadget they are at risk of being damaged or corrupted. Some of them are also not future-proof and might not work on future systems. So keeping them forever as your sole bitcoin repository might not be a good idea.

In defense of these electronic wallets, they have more features than a simple paper wallet and allows one to spend directly from such wallets. They are also good cold storage wallets.

As for a paper wallet, you can keep multiples of the recovery phrases or private keys in a safe location or even ask family members to keep them in different places. A paper wallet is cheap but ultra secure. 

As we know, the era is evolving with digital transactions, paper wallets are becoming obsolete patterns, and trezor offers safer storage, so far paper wallets are ineffective and thriving because people prefer to transact online and do not need physical paper, just wasting your time.

   
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Betfair
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October 09, 2017, 01:45:52 AM
 #50

Ordered ledger nano s last week and got it, just threw all my altcoins in it and leave there at least for few months.You wont be regret for having ledger trust me.


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October 09, 2017, 11:02:41 AM
 #51

you also have other options like nano ledger and keepkey now, you should research them all !
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October 10, 2017, 11:23:24 AM
 #52

I've always been a fan of a paper wallet. Trezor requires investment whilst a paper wallet is free. I've had several paper wallets which were created on a live Ubuntu cd and then stored in a secure location for many years. I've recently only opened them after around 3 years of inactivity and moved the funds around.

As long as you do the paper wallet right, and store it in a safe location from theft but also accidental damage. Then you really can't go wrong. Of course this only applies if you are not going to need constant access to the funds. So for holding Bitcoin it's a good investment. But, if you want to access the wallet and specifically send funds to others, then a trezor or a general wallet could be the best option.


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October 10, 2017, 02:22:42 PM
 #53

Paper wallet for ultra longterm storage. (vacuum sealed)

Trezor ore Ledger for all other needs, you will feel very secure with one of those. Copy youre 24 word seed and move them on 2 separated save places.

You can also add a large password on youre Trezor for extra security.

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October 10, 2017, 02:50:47 PM
 #54

Paper wallet for ultra longterm storage. (vacuum sealed)

Trezor ore Ledger for all other needs, you will feel very secure with one of those. Copy youre 24 word seed and move them on 2 separated save places.

You can also add a large password on youre Trezor for extra security.



whats the benefits to having it vacuum sealed? and which is better Trezor or ledger?
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October 10, 2017, 03:32:08 PM
 #55

Paper wallet for ultra longterm storage. (vacuum sealed)

Trezor ore Ledger for all other needs, you will feel very secure with one of those. Copy youre 24 word seed and move them on 2 separated save places.

You can also add a large password on youre Trezor for extra security.



whats the benefits to having it vacuum sealed? and which is better Trezor or ledger?

Both Trezor and Ledger have pros and cons.
Ledger is cheaper, and, when you flip the cover to close it, it protects the screen.
Trezor is a little bit more expensive, but I feel that keys are stronger than the Ledger ones.

I would say, if you are a beginner and do not want to spend a lot, go for Ledger.

Alternatively, you can check on YouTube, it's full of videos which demonstrate their features and the supported tokens.

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October 11, 2017, 03:19:52 AM
 #56

I have used trezor for a few months now and decided to move everything from electrum and paper wallets into trezor.

It‘s very user friendly and the myetherwallet integration is flawless.

I would recommend anyone to make this small investment, it saved me a lot of hassle with private keys. I also prefer this over desktop wallets because I have small kids who occasionally play with my stuff (and potentially push my notebook? Not concerned on them destroying my trezor)

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October 11, 2017, 07:12:48 AM
 #57

whats the benefits to having it vacuum sealed?
Basically, it is a form of laminating... the idea being to protect the paper inside a plastic covering to protect it from wear and tear, ink/paper breakdown and the danger of water etc.

By vacuum sealing or laminating your paper wallet, you make it less likely to be damaged to the point that you can no longer read it. It is one of the major drawbacks of a "paper" wallet... while they are more "robust" in some ways that desktop or hardware wallets... they are vulnerable in others.

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