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Author Topic: The combatibility of the Nano S  (Read 73 times)
KIANA
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May 04, 2018, 11:35:32 AM
 #1

I like the Nano S compatibility because the devise support 15 different cryptocurrencies.The Nano S allows  user to store tokens.
It's easy to used and offers more features than other wallets.I like to keepup with tegnology because the criminals (hackers) also
try to be one step head in bitcoins.
 



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bob123
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May 04, 2018, 11:40:47 AM
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The device itself does secure you, yes.
But you still have to follow a few 'guidllines' to stay secured.

  • Always verify your receiving address on your nano s
  • Always keep your applications (chrome + nano s) and the firmware of your nano s up-to-date
  • Use common sense when purchasing/sending coins. Don't visit phishing sites. A hardware wallet can not secure your coins if you decide to send them to an attacker yourself
  • Don't expose your nano s seed (never type it into a electronical (online) device
  • Keep a backup (better: multiple) of your seed phrase!

With a hardware wallet and a bit of knowledge on how to stay safe, you should be fine inside the crypto world.

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May 04, 2018, 12:11:39 PM
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The trezor purse has a slight advantage over the Nano S. I read that there is a function of partial coins in case you are tortured. It seems to be stupid, but in our country there were many similar cases and people who were tortured would not hurt to use this function.

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SUDARMONO
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May 04, 2018, 12:31:38 PM
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It seems very interesting, and I will try to use it, I believe and believe it is very useful and can be to prevent or avoid the coin crypto hackers.

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May 04, 2018, 04:04:08 PM
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The trezor purse has a slight advantage over the Nano S. I read that there is a function of partial coins in case you are tortured. It seems to be stupid, but in our country there were many similar cases and people who were tortured would not hurt to use this function.

That function does exist in the ledger nano s too. You can find it if you search for the Advanced Passphrase Option on ledgerwallet.com.

With this option enabled the first pin will open a (main-)wallet which can be used for small amounts (which also will be given when threatened).
With the second pin (and an additional passphrase, also called '25th word') you will be able to access your hidden wallet.



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May 05, 2018, 04:00:52 AM
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The safest way to store your Bitcoins is to use cold storage. This is where you store your reserve bitcoins. Then you can keep them in a safety deposit box or somewhere secure. With a paper wallet no criminals can get access to your Bitcoins. You must not loose it or let it get destroyed. For me paper wallet is safer than the Nano S.

The key is it's offline and not connected to the internet, so your coins can't be hacked.
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May 06, 2018, 07:49:17 AM
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...With a paper wallet no criminals can get access to your Bitcoins.
That is demonstrably untrue... For instance, what happens if a burglar breaks into your home and steals your paper wallet? Or thieves rob the bank and empty the safety deposit boxes? (yes, unlikely scenarios... but they ARE possible)... then there is the possibility that the system you generated the paper wallet on is compromised... or that the RNG used to generate the private key(s) is weak/flawed.

A more correct statement is "With a (properly generated) paper wallet, stored securely and safely no criminals can it is difficult for criminals to get access to your Bitcoins.


Quote
The key is it's offline and not connected to the internet, so your coins can't be hacked.
"Can't be hacked" is true... but they can still be stolen or lost.

The point I'm trying to make is that NO system is 100% secure... there will always be PROs and CONs to any given solution... Paper Wallets can be a good solution... but they're not necessarily the perfect solution. Same with Hardware Wallets. They can also be a good solution, but have their own weaknesses.

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May 13, 2018, 09:53:59 PM
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The trezor purse has a slight advantage over the Nano S. I read that there is a function of partial coins in case you are tortured. It seems to be stupid, but in our country there were many similar cases and people who were tortured would not hurt to use this function.

That function does exist in the ledger nano s too. You can find it if you search for the Advanced Passphrase Option on ledgerwallet.com.

With this option enabled the first pin will open a (main-)wallet which can be used for small amounts (which also will be given when threatened).
With the second pin (and an additional passphrase, also called '25th word') you will be able to access your hidden wallet.




Hey

Is it something that has been added recently"Plausible deniability" ? I have never heard of this second code before.
It' a smart feature. You can even say to your wife: look here the proof I have nothing anymore

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May 14, 2018, 04:48:16 AM
Merited by LeGaulois (1)
 #9

No. Both Ledger and Trezor have had this feature for a while. Even Electrum supports a similar concept (Options -> Extend seed with custom words).


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