Bitcoin Forum
December 10, 2019, 04:35:55 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Receiving address reuse with trezor wallet  (Read 91 times)
Franckback
Newbie
*
Offline Offline

Activity: 1
Merit: 1


View Profile
November 24, 2019, 02:20:09 PM
Merited by LoyceV (1)
 #1

Hello all,

Are my Bitcoin at risk if I used the same receiving address multiple time with the Trezor wallet ?

When I first start using Bitcoin I reused the same receiving  address several times, (maybe 15 times)  then I red that the right way was to create a new address every time, so that's what I did after.

I'm asking because I stored the backup seed in 2 different locations that  I'm happy with and it's not really that easy to access.

I won't keep that Bitcoin account for more than 2 years.

I'm wondering if it's worth the trouble to create a new account, transfer the funds, store the 2 new backup seed in different safe locations again ?

(I'm not really worried about privacy, just the safety of the funds.).

Thank you.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1575952555
Hero Member
*
Offline Offline

Posts: 1575952555

View Profile Personal Message (Offline)

Ignore
1575952555
Reply with quote  #2

1575952555
Report to moderator
BitCryptex
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1114


Write @BitCryptex or quote my post to notify me


View Profile WWW
November 24, 2019, 02:23:10 PM
 #2

(I'm not really worried about privacy, just the safety of the funds.).

You don't have to worry about it then. There is no point in creating a new account and moving the funds there since address reuse only affects the privacy. In fact, without a proper coin control, it also doesn't matter if you use a separate address for each transaction. You will be able to recover your coins without any problems.

Coin_trader
Hero Member
*****
Offline Offline

Activity: 1176
Merit: 533


CryptoTalk.Org - Get Paid for every Post!


View Profile WWW
November 24, 2019, 02:27:58 PM
 #3

(I'm not really worried about privacy, just the safety of the funds.).

You don't have to worry about it then. There is no point in creating a new account and moving the funds there since address reuse only affects the privacy. In fact, without a proper coin control, it also doesn't matter if you use a separate address for each transaction. You will be able to recover your coins without any problems.

Agree on this. Besides that. Trezor is a hardware wallet meaning your coin is of the internet once you disconnect it to your computer. So your funds is safe even though you reuse your wallet address. Unless you delete your wallet address and forgot the recovery seed then that the risk will start.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
BitCryptex
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1114


Write @BitCryptex or quote my post to notify me


View Profile WWW
November 24, 2019, 02:42:49 PM
Merited by hugeblack (1)
 #4

Those are all small details which might confuse newbies.

Agree on this. Besides that. Trezor is a hardware wallet meaning your coin private keys is of the internet once you disconnect it to your computer.

They don't leave the hardware wallet anyway.

So your funds is safe even though you reuse your wallet address.

Address reuse is not related in any way to how hardware wallets work.

Unless you delete your wallet address and forgot the recovery seed then that the risk will start.

You can't delete a single address from your hardware wallet. I guess you meant wiping the device.

hugeblack
Hero Member
*****
Offline Offline

Activity: 896
Merit: 936


For ReNt


View Profile
November 26, 2019, 03:29:59 PM
 #5

(I'm not really worried about privacy, just the safety of the funds.).
Although privacy doesn't concern you much, you can use electrum[1] [2] if you want more control over your addresses and hence privacy.
If you have some time, read more about reusing addresses[3] to make sure you are safe.

[1] https://electrum.org/#download
[2] verify your electrum download
[3] https://en.bitcoin.it/wiki/Address_reuse

Coolcryptovator
Hero Member
*****
Online Online

Activity: 630
Merit: 989


Need Campaign Manager? Hire Me 👇


View Profile WWW
November 26, 2019, 04:41:42 PM
 #6

I won't keep that Bitcoin account for more than 2 years.
I learned there is no account for bitcoin. I think you mean your hardware wallet. Those word used for to mean receive or store bitcoin is 'Wallet', 'Address' and 'clients'.

I'm wondering if it's worth the trouble to create a new account, transfer the funds, store the 2 new backup seed in different safe locations again ?
Did you mean that you will buy new hardware wallet and move your fund there ? If yes, then you are free to do it but it doesn't mean your previous wallet was on risk just for revealed your bitcoin address. Your private keys stored into your device, your public key is a hash of private keys and your address is a hash of your public key. So hash is not reversible mathematically, means no one will able to find your private keys.

(I'm not really worried about privacy, just the safety of the funds.).
Since you are not worried about your privacy then there is nothing to worry about your fund. You are fully safe and reason has describe above.       

Pages: [1]
  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!