Is Hardware wallet really secure enough?

[semobo]

The main danger when using any cryptocurrency wallet it the chance to loose your private key somehow - this might be phishing, comuter virus etc. Hardware wallet secures you from these kinds of attacks.

It offers better security over desktop and web wallets but as others said paper wallet is highly secured but its not durable so we have best security with hardware wallets.Even hardware wallets get physical damage in that case you can recover with recovery seeds so you have to keep them in a place where no one can access those keys if you want your cryptos assets to be safe...

[pacman7331]

I would prefer the Ledger hardware wallet over the Trezor. Hardware wallet won't be secure enough if you don't use it with cautions. Never ever take a picture of your house code, don't upload or share on online, write down on a paper and keep it in a secret place. Don't disclose the password and keep safe your hardware device. If you do these things perfectly then have a faith that hackers will fail to steal your money!

[Tash]

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

To my knowledge, hardware wallet are the most secure wallet not to mention Trezor which is one of the most secure wallet in the crypto sphere and i believe human error was the reason the wallet hacked in 15minutes occurred.

The securest to this day is the paper wallet in a fire save vault or engraved in steel plates like:
Cryptosteel
CRYPTOTAG
Blockplate
ColdTi
Billfodl
Crypto Key Stack
Crypto Keys
Cyphersafe
Steelwallet
Simbit
Quadrat Register
Cryptosteel Capsule

The same thing applied to all secure wallets if the right precautions are not taken the wallet will be hack.

Note : the new precaution for Trezor is never let anyone physical access ones wallet and setting BIP39 passphrase

It has been demonstrated that Trezor and Ledger have been hacked.
They certainly not fire proof, water will damage them, corrosion will also put an end to it, and so a blow with a hammer driver over it or electricity.
Never seen it demonstrated a private key with 7 or longer character password get hacked. None of the before mentioned will affect a steel plate.
Its debatable if Trezor and Ledger are even "hardware" wallets.

[Mumbeeptind1963]

It has been demonstrated that Trezor and Ledger have been hacked.
They certainly not fire proof, water will damage them, corrosion will also put an end to it, and so a blow with a hammer driver over it or electricity.
Never seen it demonstrated a private key with 7 or longer character password get hacked. None of the before mentioned will affect a steel plate.
Its debatable if Trezor and Ledger are even "hardware" wallets.

I think yes hardware wallet is one of the types of wallet to choose and I think its enough to secure our money. But still theres possibility hardware wallet can be hacked especually when you put easy pasdword, so I think before we put are money in wallet make sure our password is really hard to guess and only you know about it. To prevent hacked our wallet we should have strong password to make.

[FanEagle]

Everyone talks about how "safe" or not it is but nobody realizes this is a question more regarding how safe it is compared to other stuff. I mean sure hardware wallet could maybe cracked or hacked even, it could be lost, it could be forgotten somewhere else, stolen even and there are tons of ways your money could be taken from you even if you use a hardware wallet.

However reality is, putting it on your computer without decent back up means you could lose it when pc crashes, putting on exchange means you could lose it when exchange exit scams, putting on blockchain itself to an address online means you need all the keys and what not which you may lose. Basically no matter what you do, you may end up losing your money, so comparatively speaking hardware wallets are really good choices.

[Question123]

I don't use that wallet and I do not know if that true or not. But the things that I know every wallet that we use are prone to hacker because they want to get our coins to our wallet our use and even other types of wallet are posaible to hack not only the hardware wallet.

The safety of your coins is in yours because even the wallet is safe as long as you do something that hackers compromised your identity such as email and password your money will be gone there is no safe system but you can prevent hacker for hacking your wallet.

[DabsPoorVersion]

I think you misunderstood the news you have read,

"Experts at the security laboratory of the Kraken cryptocurrency exchange showed a method for extracting and cracking seed phrases from the Trezor One and Trezor Model T hardware crypto-wallets. The hack requires 15 minutes of physical access to the Trezor and the $75 device."

There is no case of hacking on trezor, the experts only just point out the flaws in the security of this hardware wallet. But the idea of how they extracted the seed phrases is not actually easy that can be done by anyone. Trezor is still safe as long as users put the information of their wallet into safety.

[bgaf]

I would prefer the Ledger hardware wallet over the Trezor. Hardware wallet won't be secure enough if you don't use it with cautions. Never ever take a picture of your house code, don't upload or share on online, write down on a paper and keep it in a secret place. Don't disclose the password and keep safe your hardware device. If you do these things perfectly then have a faith that hackers will fail to steal your money!

No one in their right mind would divuldge any of you mentioned I think. Most of the hardware wallets are really tight secured but I dont think Ledger has an advantage over Trezor for me they are both highly secured. Its just that Nano Ledger is most frequently used.

 

It offers better security over desktop and web wallets but as others said paper wallet is highly secured but its not durable so we have best security with hardware wallets.Even hardware wallets get physical damage in that case you can recover with recovery seeds so you have to keep them in a place where no one can access those keys if you want your cryptos assets to be safe...

No if you leaked your pass phrase is your account can also be compromised. As the wallet created on your hardware but that can still be access once your passphrase has been used. The only safety of hardware is it cant be attack through software.

[istiak2277]

As long as the owner holds that wallet and passphrase are not revealed to someone else I don't think it's possible. Hacker needs to has physical access to that wallet or that passphrase. I think those wallets build in this way so that without that hardware device or passphrase it can't be accessible. I think its a fake video.

[Stanlo]

As long as the owner holds that wallet and passphrase are not revealed to someone else I don't think it's possible. Hacker needs to has physical access to that wallet or that passphrase. I think those wallets build in this way so that without that hardware device or passphrase it can't be accessible. I think its a fake video.

You see that's the point about all crypto wallets, you still have to keep your keys safe from preying eyes, so why hardware wallet? as if its impossible to lose your private keys

[pawanjain]

The hard truth is, nothing in this world can be protected forever. Whether it be a living thing or a non-living thing.
We can only try to secure a thing for as long as possible but eventually it has to go some day.
A hardware wallet is the most secure wallet out there but even that can be cracked by some means.
We just have to find a way to crack it. As  @rosezionjohn said, in this case, the wallet had a flaw by which the hackers were able to crack it.
I am sure that the flaw will be rectified soon.

[Ridwan.P]

Hardware wallets or other wallets such as desktop, web, Keystore, and others, do not guarantee security. The one who guarantees security is of course only ourselves. Security is increasing, so are hackers. So it's better even if we use a hardware wallet, we still provide double security.

[alexsandria]

Security is the first thing that comes in our mind if we are putting some of our money to the wallet. Software wallet right now is secured enough but still there are some scammers and hackers that are victimizing people so if you will ask me if Hardware wallet is secured enough then I can say that it is not. Always remember that no system is secured for those hackers that knows and knowledgeable in terms of computer and internet.

[poodle63]

As long as the owner holds that wallet and passphrase are not revealed to someone else I don't think it's possible. Hacker needs to has physical access to that wallet or that passphrase. I think those wallets build in this way so that without that hardware device or passphrase it can't be accessible. I think its a fake video.

it's not. some times the hacker can use the vulnerability that available from the wallet if the developer was not yet fixed it. this case already happened with so many people in the past when their hardware wallet got exploited by the hacker through the vulnerability. we must also keep the latest update for our hardware wallet too.

[kambaralikhan]

I believe hardware wallets are much secure wallets but they are also not 100% safe. The primary purpose of a hardware wallet has always been to protect users and funds against malware attacks, computer viruses, and various other remote dangers. so hardware wallets are not 100% safe because they can be hacked..

[Blackdeath]

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

A hardware wallet is honestly a secured wallet like trezor and ledger. I think the news that you have heard about a trezor wallet was hacked in 15 minutes is maybe because he goes online using his wallet that a hacker has a chance to have an access in the walllet or he might not be using a legitimate trezor wallet.

[Magkirap]

As long as the owner holds that wallet and passphrase are not revealed to someone else I don't think it's possible. Hacker needs to has physical access to that wallet or that passphrase. I think those wallets build in this way so that without that hardware device or passphrase it can't be accessible. I think its a fake video.

it's not. some times the hacker can use the vulnerability that available from the wallet if the developer was not yet fixed it. this case already happened with so many people in the past when their hardware wallet got exploited by the hacker through the vulnerability. we must also keep the latest update for our hardware wallet too.

Indeed mate, an experienced hacker needs not too much time to get into your wallet's information, no system or device is fully and 100 secured once you go online you can be hacked within short amount of time so that is a good advice, to be updated to the latest patch or something in order to get the full capability of the wallet. Also check the device that you are going to use your wallet with because it might also be the reason of being hacked

[mahilchii]

In my opinion hardware wallet are typically safe, they are safe if it is used properly. On the other hand it never expose the private keys during transactions, we should have to confuse ourself when it comes to security like how good it is. Until and unless password protection is secured then there is no need to worry.

[@prashant]

Hardware wallet are safe unless you are not doing stupid thing and giving your wallet phase to others to play with it. Majority of available hardware are thoroughly tested and undergo various attack to test their security so they are able to provide crack proof support so i know its pretty safe to have one.

[Valzador]

I think the news that you have heard about a trezor wallet was hacked in 15 minutes is maybe because he goes online using his wallet that a hacker has a chance to have an access in the walllet or he might not be using a legitimate trezor wallet.

Both of your opinions are wrong. You undoubtedly didn't read the first page of this thread.
Based on research conducted by the Kraken security lab team, they found a security hole in the Trezor hardware wallet. They predict that if the hacker gets access to your hardware wallet and you forget to activate the BIP39 passphrase, they can extract your wallet seeds with a security hole found by the team Kraken.