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Author Topic: Ledger nano S or Trezor T?  (Read 2865 times)
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November 20, 2017, 09:34:27 AM
 #21

... Ledger supports many altcoins but you can install only 3 coin apps at the same time. It's because of limited space on the secure element...
What apps do you have installed? Huh I can usually have 5 Apps installed... Currently (because I've been mucking around testing stuff) I have Bitcoin, Dash, Dogecoin, Ethereum and Litecoin... I did have Bitcoin, Bitcoin Cash, Bitcoin Gold, Dogecoin and Litecoin installed...

Also, it really isn't THAT much of a bother to fire up the manager, uninstall an app and install the app you are missing... unless you are trying to use more than 5 currencies at once, multiple times a day Tongue

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November 20, 2017, 08:20:05 PM
 #22

... Ledger supports many altcoins but you can install only 3 coin apps at the same time. It's because of limited space on the secure element...
What apps do you have installed? Huh I can usually have 5 Apps installed... Currently (because I've been mucking around testing stuff) I have Bitcoin, Dash, Dogecoin, Ethereum and Litecoin... I did have Bitcoin, Bitcoin Cash, Bitcoin Gold, Dogecoin and Litecoin installed...

Also, it really isn't THAT much of a bother to fire up the manager, uninstall an app and install the app you are missing... unless you are trying to use more than 5 currencies at once, multiple times a day Tongue
How did you manage to install 5 coins on your Nano S? I have Bitcoin, Dogecoin, Ethereum and that's all. Have you deleted the Fido 2FA app? I don't know if it's possible or not but I just can't imagine any other way to free up some space on the device...
But yes, it's not a big deal to change the Dogecoin app to Dash in 30 seconds, if those coins are needed

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November 20, 2017, 08:47:02 PM
 #23

What apps do you have installed? Huh I can usually have 5 Apps installed...
Also, it really isn't THAT much of a bother to fire up the manager, uninstall an app and install the app you are missing... unless you are trying to use more than 5 currencies at once, multiple times a day Tongue

Ethereum, Bitcoin and Bitcoin Gold - I can't install anything else due to insufficient space. I use only Bitcoin, Ethereum and sometimes Zcash so I don't really mind. However, it is really inconvenient for people who are constantly trading or want to have easy and fast access to their funds. Trezor claims that their latest model will have better altcoin support because of new software backend.

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November 20, 2017, 08:50:13 PM
 #24

I decided on the Ledger Nano S, due to the metallic "shield" and it was also cheaper where I live (75 vs 110 euro for the Tresor 1).

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November 26, 2017, 03:24:11 AM
 #25

Interesting thread, I was thinking about getting a hardware wallet, but maybe I should wait a little longer as devices improve and get cheaper.

KeepKey was purchased by ShapeShift so hopefully we should see some updates soon. 

I like the fact you can use many coins on ledger but then you need multiple devices if use more then 3 apps. I wasn't aware so very good to know!

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November 26, 2017, 03:56:43 AM
 #26

I like the fact you can use many coins on ledger but then you need multiple devices if use more then 3 apps. I wasn't aware so very good to know!
No, you don't... you can add and remove apps at will... One device is enough to manage all the supported coins. I currently have 5 "apps" on my Ledger Nano S... Bitcoin, Bitcoin Gold, Litecoin, Dogecoin, Dash and if I want to go use something else (like Ethereum for instance), I simply uninstall one of the apps and install the app I need for the currency I want to use. Takes all of 30 seconds.

Seriously, if you need access to more than 4 or 5 currencies simultaneously with a hardware wallet... you're trading wrong and probably spending a ton on transaction fees Roll Eyes

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November 26, 2017, 05:40:26 AM
 #27

I like the fact you can use many coins on ledger but then you need multiple devices if use more then 3 apps. I wasn't aware so very good to know!
No, you don't... you can add and remove apps at will... One device is enough to manage all the supported coins. I currently have 5 "apps" on my Ledger Nano S... Bitcoin, Bitcoin Gold, Litecoin, Dogecoin, Dash and if I want to go use something else (like Ethereum for instance), I simply uninstall one of the apps and install the app I need for the currency I want to use. Takes all of 30 seconds.

Seriously, if you need access to more than 4 or 5 currencies simultaneously with a hardware wallet... you're trading wrong and probably spending a ton on transaction fees Roll Eyes


Yeah, while those people are probably heavy altcoin traders, I wouldn't say they don't deserve to use the ledger. I'm hoping they can find a way around the restriction.

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November 27, 2017, 09:37:15 PM
 #28

Not or. Both Smiley
Trezor for non-spending purposes, just to store safely (or a paper wallet, but when it comes about transfering, you just connect the trezor and send a transaction, but with a paper wallet it's more a hassle).
Ledger Nano S is for everyday purposes, sending receiving, and the Nano S supports more altcoins, also direct altcoin exchange via the EtherDelta, which is not an exchange but does the same, the main difference is that you don't have to send your coins to an exchange and have it (and risk it) on, but you just connect your Nano S and you can trade peer to peer.

Can you give more details about why you said ledger nano s is better for daily spending purposes? I knew it's very good for long term coin strorage as well. Maybe I'm wrong, but I just wanted to hear more about it. Is there something bad about ledger nano s?

i need these information too, and i'm asking becouse i'm try to understand which is better and i need more information is possible.

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November 27, 2017, 09:50:00 PM
 #29

Just buy both of them problem solved.

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November 29, 2017, 08:41:09 PM
 #30

I've an other question:
is it possibile to have to differenent wallet/seed with ledger or trezor

For example, i have 2 wallet on electrum. Can i import them separately on my hw wallet in a way that if i have to recover it on electrum i can restore 2 wallet instead of one?

Thanks in advance!

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November 29, 2017, 08:53:41 PM
 #31

I've an other question:
is it possibile to have to differenent wallet/seed with ledger or trezor

For example, i have 2 wallet on electrum. Can i import them separately on my hw wallet in a way that if i have to recover it on electrum i can restore 2 wallet instead of one?

Thanks in advance!


Your seed never leaves your hardware wallet unless you export it. As far as I know, hardware wallets sweep the bitcoins which are on the addresses from the seed you enter. Both Ledger and Trezor support passphrases. A passphrase works like the 25th word of your seed. Without it, nobody can access your wallet (technically it is possible if such person has the rest of the seed but if you haven't sent bitcoins to such account, it will be empty). Passphrases are great in case your PIN is compromised.

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November 29, 2017, 09:11:32 PM
 #32

I've an other question:
is it possibile to have to differenent wallet/seed with ledger or trezor

For example, i have 2 wallet on electrum. Can i import them separately on my hw wallet in a way that if i have to recover it on electrum i can restore 2 wallet instead of one?

Thanks in advance!


Your seed never leaves your hardware wallet unless you export it. As far as I know, hardware wallets sweep the bitcoins which are on the addresses from the seed you enter. Both Ledger and Trezor support passphrases. A passphrase works like the 25th word of your seed. Without it, nobody can access your wallet (technically it is possible if such person has the rest of the seed but if you haven't sent bitcoins to such account, it will be empty). Passphrases are great in case your PIN is compromised.

i'm sorry, but in your post i can't find an answer for my question.
two electrum wallet, will stay separete on my hw wallet? This is what i need to know

Thanks again!

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November 29, 2017, 09:14:43 PM
 #33

I've an other question:
is it possibile to have to differenent wallet/seed with ledger or trezor

For example, i have 2 wallet on electrum. Can i import them separately on my hw wallet in a way that if i have to recover it on electrum i can restore 2 wallet instead of one?

Thanks in advance!

Hang on for a second (clarification needed)
Your question is (if I understand it right):
You want to use two wallets for a coin (e.g. for bitcoin) on one device, or two accounts in one wallet?
Trezor supports one seed per device, that creates wallets for each supported coin (bitcoin, ethereum, dash, etc..) One wallet for a coin.
In the wallet you can set up maximum 10 accounts (10 bitcoin accounts, 10 dash accounts, etc. ethereum is a bit different). Each account can contain several addresses.
But this is for one seed. If your have different seeds, you can still use one trezor, but you need to set up a passphrase, but that's another story. You can check it on trezor's site:
https://blog.trezor.io/wallet-accounts-and-addresses-bdfa6b66b037

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November 29, 2017, 10:55:36 PM
 #34

I've an other question:
is it possibile to have to differenent wallet/seed with ledger or trezor

For example, i have 2 wallet on electrum. Can i import them separately on my hw wallet in a way that if i have to recover it on electrum i can restore 2 wallet instead of one?

Thanks in advance!


Short answer no. Your seeds for Electrum have already been displayed on a monitor so should be considered compromised. Each Trezor or Nano S has only one seed. You should just send your bitcoin from Electrum to your Trezor or Nano S.

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November 30, 2017, 09:13:11 PM
 #35

thanks both for your answers, but i don't understand why this choice.

I understand that the hwwallet can't use the same seed on my "old" electrum wallet, but why don't create a two different seed if i import two different wallet?

i think it's more safe (from malware attack) have your coin splitted in two wallet

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November 30, 2017, 10:12:15 PM
 #36

thanks both for your answers, but i don't understand why this choice.

I understand that the hwwallet can't use the same seed on my "old" electrum wallet, but why don't create a two different seed if i import two different wallet?

i think it's more safe (from malware attack) have your coin splitted in two wallet


You can have two Trezors. They can both use the same seed, which is the usual way people do it. This means you have a spare available right away if your primary Trezor is lost or stolen. All accounts on either Trezor are derived from the same seed. You can set up two Trezors with different seeds but that does not really provide you protection against malware. The common bitcoin malware right now like Crypto Shuffler replaces bitcoin addresses on the clipboard which is why Trezor warns you to double check addresses before sending. If you are using good anti-malware like Kaspersky you should not have a problem.

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December 01, 2017, 09:37:58 AM
 #37

thanks both for your answers, but i don't understand why this choice.

I understand that the hwwallet can't use the same seed on my "old" electrum wallet, but why don't create a two different seed if i import two different wallet?

i think it's more safe (from malware attack) have your coin splitted in two wallet
It's a design limitation of current hardware wallets. They only allow for one seed per device. All wallets for each currency are derived from the same seed.

You simply can't have two different seeds at the same time.

In any case, importing a seed generated somewhere else into a hardware can actually render the security of the hardware wallet useless as there is a possibility the seed has been compromised before it even gets on the hardware wallet.

The safest solution is to let the device securely generate its own seed, so that it is NEVER on any device other than the hardware wallet.

Theoretically, a seed generated completely offline using dice etc could probably be just as secure, but a seed generated by a software wallet on a computer that is online should never been used long-term as a hardware wallet seed.

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December 01, 2017, 07:15:23 PM
 #38

thanks both for your answers, but i don't understand why this choice.

I understand that the hwwallet can't use the same seed on my "old" electrum wallet, but why don't create a two different seed if i import two different wallet?

i think it's more safe (from malware attack) have your coin splitted in two wallet
One hardware wallet = one seed
As mentioned above, you just can't use more than one seed on a single device.
Why do you stick to that old seed / two old seeds so much? (Have you got it tattoed on yourself? Smiley Just kidding, no offense Smiley )
If you buy two hardware wallets, you can transfer your coins easily to your device for a little cost. If you don't want it to be done in ten minutes but in a day, you can use low fees. When you have a seed on a computer that is connected to the internet, you can't be 100% sure that someone has not seen it already...

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December 02, 2017, 10:17:11 AM
 #39

thanks for the answer.

really i don't want to use old seed, you're right. I want to create a new seed from ledger/trezor and make a transaction from my electrum wallet.

But i want to do this for each electrum wallet i have.

You are very clear: this isn't possible.

Just a question: even the next trezor doesn't have this possibility?

Thanks again for your help!

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December 02, 2017, 11:37:48 AM
 #40

really i don't want to use old seed, you're right. I want to create a new seed from ledger/trezor and make a transaction from my electrum wallet.
But i want to do this for each electrum wallet i have.
What you could do with the Trezor/Ledger is use different passphrases to generate a different BTC wallet for each Electrum wallet you have. The passphrase effectively acts like a "25th word" for your seed... and allows you to generate completely different wallets based off the same seed.

some references:
https://ledger.zendesk.com/hc/en-us/articles/115005214529-Advanced-Passphrase-options
https://blog.trezor.io/hide-your-trezor-wallets-with-multiple-passphrases-f2e0834026eb


Alternatively, you can setup multiple "Accounts" within your Trezor/Ledger wallets... and each account could act like your separate Electrum wallets. Each account has separate addresses/coins etc... but are all able to be recovered from the one seed.

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