Ledger Nano S security issues

[Livebetcoin]

They always find a way around security whats safe nowadays.

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[ranman09]

They always find a way around security whats safe nowadays.

Correct, even Microsoft somehow gets hacked. They just have an active devs to feed updates. So whats best to do is keep your devices updated.

[krogothmanhattan]

Yes..however I only keep a very small amount on any of these hardware wallets. I believe any decent size amount of bitcoin should be placed in paper wallets

[BTCMILLIONAIRE]

Yes..however I only keep a very small amount on any of these hardware wallets. I believe any decent size amount of bitcoin should be placed in paper wallets

Paper wallets also carry some risks. It takes quite an elaborate setup to be fully safe. And at that point one would also have to consider how to pass on one's crypto holdings to their family in case of unexpected death, which makes a safe setup even trickier. Makes me wonder how many Bitcoins will actually be accessible by the time the last block is mined.

[krogothmanhattan]

Yes..however I only keep a very small amount on any of these hardware wallets. I believe any decent size amount of bitcoin should be placed in paper wallets

Paper wallets also carry some risks. It takes quite an elaborate setup to be fully safe. And at that point one would also have to consider how to pass on one's crypto holdings to their family in case of unexpected death, which makes a safe setup even trickier. Makes me wonder how many Bitcoins will actually be accessible by the time the last block is mined.

I agree..they can be tricky. That is why when I started in crypto I took the right steps which I outlined on my website on how to create in a very safe way and also test said paper wallets using outside programs other than what created the wallets.

                                    https://bitcointalk.org/index.php?topic=2862479.msg29377502#msg29377502

   And yes, I think a paper wallet should be BIP32 encrypted and the password given to loved ones in case you do pass away. It cam be left with instructions in a safety deposit box in a bank with an outline of what to do.

  Yes...many bitcoins have been lost. The following shows where we stand at the moment. It says 4 million bitcoins lost forever at the moment. Probably more since nobody really knows

                                    http://fortune.com/2017/11/25/lost-bitcoins/

       

[bigdude]

not many thief know what's the f*ck charaters and number in your paper wallet mean and I don't think they will take it lol
Just keep in safe enough place likely all other documents is enough and share it with your lover.
I'm keeping all my alt asset in Ledger. I know even NASA got hacked so nothing safe at all with hardware then just keep update and use a safe computer

[2gether]

The security of wallet software (and hardware) will continually be tested as time and the value of cryptos rises.

The new Trezor looks great, it is a shame they had such a small (2,000) allocation for the device. I will be interested to know when there are some reviews of the product to gain a better idea of what advantages it offers over just a nicer interface.

I still think the physical format is less than appealing though - sorry Trezor, looks as if the French win there (Ledger).

[pwpwpw]

I agree Ty! 

Trezor is the best hardware out there IMO.

Cannot wait until the new one comes out by the end of this month.

Didn't Trezor have some issue where it basically exposed all vital information with minimal effort? Of course that would require it being stolen, but still.

That was only a risk if you didn't have any passphrase on your wallet just the PIN code. The passphrase is not saved on the device so even if they steal it and can successfully read the chip, they will only see the seed and PIN, without the passphrase, nobody can steal your stuff.