Trezor or Ledger? And how to get my forks Bitcoin Cash / Gold / SV??

[Rath_]

Just another quick question. I ordered the Nano S. Should I do some kind of formatting when it arrives? I know it sounds like from a Hollywood movie. But maybe it could have been manipulated by the delivery service etc.?

If your device comes uninitialized (meaning you have to set up your wallet and save the recovery phrase) then you should be safe. Ledger Live will also check the authenticity of your device once you set it up. Here's the official support page about that.

[D-Day_68]

DO NOT use anything from exodusupdate.com or any links from the Medium articles.
Those are links to scam phishing downloads.

[D-Day_68]

Exodus has one-click claiming for all those forks.
And the Trezor links up seamlessly within the wallet - no need for clunky extra software like Ledger.

[UnDerDoG81]

Exodus has one-click claiming for all those forks.

You have a link for that? Is Exodus on the Mac safe? I want to import the private key, get the forks and then sent all to the Ledger.

Or I do consider using a paper wallet again after claiming the forks. Feel much safer with that.

[blue Snow]

You have a link for that? Is Exodus on the Mac safe? I want to import the private key, get the forks and then sent all to the Ledger.

Or I do consider using a paper wallet again after claiming the forks. Feel much safer with that.

I am suggest to import private key into electrum like TryNinja said then send all bitcoin into ledger wallet. Then import private key from electrum to exodus to claim all forked.

[UserU]

Just another quick question. I ordered the Nano S. Should I do some kind of formatting when it arrives? I know it sounds like from a Hollywood movie. But maybe it could have been manipulated by the delivery service etc.?

Did you purchase it from the official website? Saw they have a 50% sale due to the halving.

[UnDerDoG81]

Ok I will first import it to Electrum and then sent it to Ledger (or new paper wallet) and then claim the forks in exodus.

And you mean Electrum on Mac is safe? Yesterday I installed it and imported the "watch only" adress. Today I started Electrum and was scared for a few seconds, when I realized, it starts from the dmg and was not installed as app. I thought it deleted the wallet file because its not installed. But it loaded the wallet and worked. Yet it scares me and looks vulvernable to me. Maybe my Mac freezes or something else happens and then all is gone. Unless I safe the wallet on a USB I guess. And yet its something digital that can be lost or damaged. That makes we want to use a paper wallet.

Just another quick question. I ordered the Nano S. Should I do some kind of formatting when it arrives? I know it sounds like from a Hollywood movie. But maybe it could have been manipulated by the delivery service etc.?

Did you purchase it from the official website? Saw they have a 50% sale due to the halving.

Yes from the official website with 50% discount.

[Rath_]

Ok I will first import it to Electrum and then sent it to Ledger (or new paper wallet) and then claim the forks in exodus.

You should still consider using Coinomi to claim the forked coins after you move your bitcoins since Exodus does not support importing private keys. It sweeps the funds so you would create an unnecessary transaction before moving your forked coins to your Ledger.

Unless I safe the wallet on a USB I guess. And yet its something digital that can be lost or damaged. That makes we want to use a paper wallet.

You can always back up your wallet file (open finder, press shift+cmd+G and type in "~/.electrum") but your recovery phrase (12 words) is enough to recover your wallet. You should write it down and hide it properly.

[Lucius]

Ok I will first import it to Electrum and then sent it to Ledger (or new paper wallet) and then claim the forks in exodus.

I don't want to scare you, but I advise you to thoroughly check your computer for viruses and malware before taking any action. What you need to pay special attention to is to check every address you send to, because there is something called clip board malware that replaces your address with a similar one, so the coins go to the hacker.

My recommendation is to download the free version of Malwarebytes, and scan your computer - if there is anything malicious, this program will detect and remove it.

[UserU]

Yes from the official website with 50% discount.

Then you're good to go. Ledger even adviced against buying tampered units so imagine hell breaking loose if they dare to sabotage their own.

[bob123]

if there is anything malicious, this program will detect and remove it.

Not necessarily.

It will remove malware which already is in its database or which is extremely conspicuous.
Everything else will not get detected / removed by an AV software.

[20kevin20]

Isn't having to check for viruses on your PC and risking a possible undetected malware to affect your funds a bit more of a hassle & a risk than flashing a verified live linux image on some USB and using that one to do all the crypto stuff?

I used to almost poop my pants every time I had to create a new paper wallet, but ever since I started using properly verified live images to do this kind of stuff.. I have no more issues.

I don't know, just a friendly suggestion here Manjaro for example is a pretty newbie-friendly distro you can use for this purpose imo, the only thing is that if you're a beginner to computers then I might actually put you into more difficulties. If you have a sheet of paper to properly write all the seeds on, I don't think there's much to worry about when using a live image.

You can boot into the live image, do all the transfers you need and then you'd just shut down your PC, go back to your main OS and enjoy your funds over there through whatever Ledger-compatible software you use. If you want to use only Electrum and Ledger Live, there are so many distros out there with Electrum already installed and Ledger Live is only a few clicks away from installing.

Just a little warning: shutting down your PC in Live Mode means all the changes you've made in that live system will be erased. So just write that damn seed right on the paper sheet I mentioned above and you should be fine

[Pmalek]

Is it theoretically possible that Ledger has a backdoor for the devs?

Most of Ledger's source code is open-source. Nobody can tell you for sure what the safe element does since the code is not public. But I figure that if such a backdoor exists, they had a lot of opportunities to abuse it in the past, and they didn't.

In theory, everything is possible. Trezor is completely open-source but can you personally check the code and inspect what it does? Is it theoretically possible that Trezor's source code is also in some way backdoored or bugged but nobody knows how to find the vulnerability parts? Or those that do aren't telling us. There is that small possibility too. It all depends on you and your paranoia level.      

[UnDerDoG81]

I trust my iPhone more than my mac. Because I aint have a jailbreak and aint use any crazy apps. Just the basic stuff. Risk is always there. But on the Mac I installed some apps that I downloaded from the internet and not from the app store. I will try Coinomi. But it looks like its not a easy task for a noob and needs lots of reading. If my BTC is safe, I could accept losing the forks in worst case scenario, thats ok. First I wait for the Ledger and then I do the fork stuff.

[20kevin20]

Is it theoretically possible that Ledger has a backdoor for the devs?

Most of Ledger's source code is open-source. Nobody can tell you for sure what the safe element does since the code is not public. But I figure that if such a backdoor exists, they had a lot of opportunities to abuse it in the past, and they didn't.

In theory, everything is possible. Trezor is completely open-source but can you personally check the code and inspect what it does? Is it theoretically possible that Trezor's source code is also in some way backdoored or bugged but nobody knows how to find the vulnerability parts? Or those that do aren't telling us. There is that small possibility too. It all depends on you and your paranoia level.     

As far as I remember, they mentioned the reason a backdoor wouldn't be worth it somewhere on Reddit, they basically said they'd have so much to lose by creating these backdoors when they could simply develop something successful and create a large company out of it - which is what they basically did. I'm a little paranoid when it comes to the closed-source manner of the safe element too, but if they ever put some backdoor inside our Ledgers and want to ever scam us all, the damage will be way beyond my loss of funds - it'd probably basically parabolically strike BTC's price within minutes.

Edit: DdmrDdmr quoted their reply

I trust my iPhone more than my mac. Because I aint have a jailbreak and aint use any crazy apps. Just the basic stuff. Risk is always there. But on the Mac I installed some apps that I downloaded from the internet and not from the app store. I will try Coinomi. But it looks like its not a easy task for a noob and needs lots of reading. If my BTC is safe, I could accept losing the forks in worst case scenario, thats ok. First I wait for the Ledger and then I do the fork stuff.

I understand. The last time I used Coinomi, sweeping a paper wallet was as simple as installing it, choosing "Sweep Paper Wallet" (or "Sweep Wallet", can't remember) from the top-right side of the screen where you have the menu, scanning the private key (or manually inputting it) on the window that pops up and that's basically it. Coinomi would then just scan my balance and do the transfer in case I confirmed the transfer.

Here is apparently a tutorial on their website for sweeping wallets: https://coinomi.freshdesk.com/support/solutions/articles/29000009716-migrating-from-other-wallets-into-coinomi, but it doesn't let me access the link from Tor to confirm whether the article is still there. Please check it out and see if it helps.

As far as I know though, Coinomi used to be open-source but it's not anymore.

The keypoint is not rushing the process. Make sure you write down the proper Coinomi and Ledger seeds on a sheet of paper and come back here if you have any question.

[UnDerDoG81]

I understand. The last time I used Coinomi, sweeping a paper wallet was as simple as installing it, choosing "Sweep Paper Wallet" (or "Sweep Wallet", can't remember) from the top-right side of the screen where you have the menu, scanning the private key (or manually inputting it) on the window that pops up and that's basically it. Coinomi would then just scan my balance and do the transfer in case I confirmed the transfer.

Here is apparently a tutorial on their website for sweeping wallets: https://coinomi.freshdesk.com/support/solutions/articles/29000009716-migrating-from-other-wallets-into-coinomi, but it doesn't let me access the link from Tor to confirm whether the article is still there. Please check it out and see if it helps.

As far as I know though, Coinomi used to be open-source but it's not anymore.

The keypoint is not rushing the process. Make sure you write down the proper Coinomi and Ledger seeds on a sheet of paper and come back here if you have any question.

I just installed Coinomi on my phone but I guess its pretty limited there. I was not able to import the "read only" adress with the cam. After scanning it, it simply does nothing. And I dont want to scan my private key yet.
Yeah I wrote down all words on a paper.

EDIT: Ok I could not wait and sweeped the paper wallet after reading your comment. Yeah I was able to do it on the phone app as well. I received it already. But now on the app, when I chose "claim forks" nothing happens.

EDIT2: Did I get it right, with these 24 words I can access my wallet every time, even if I lose my phone?

EDIT3: Ok I installed it on my Mac and I can recreate my wallet with the 24 words passphrase. But I dont want to type those words on my keyboard because I have some apps installed that have access to my keyboard typings.

[Rath_]

EDIT: Ok I could not wait and sweeped the paper wallet after reading your comment. Yeah I was able to do it on the phone app as well. I received it already. But now on the app, when I chose "claim forks" nothing happens.

Where is the "Claim forks" you speak of? Can't you just sweep your private key again for both Bitcoin Cash and Bitcoin Gold as described here?

[UnDerDoG81]

Ok guys, it worked. I moved my Bitcoin to Coinomi. Then I claimed my Bcash and my Bgold by sweeping. But on Bitcoin SV it says "no connection" and has a red dot.

[Rath_]

But on Bitcoin SV it says "no connection" and has a red dot.

It is the same for me. Apparently, Coinomi's Bitcoin SV node must be down for some reason. Try again in a few hours or days. Note that BSV has no reply protection; you should be careful when sending Bitcoin Cash and BSV. You can learn more here. Sending your BCH and BSV to two different (your) addresses at the same time will also split your coins.

[UnDerDoG81]

But on Bitcoin SV it says "no connection" and has a red dot.

It is the same for me. Apparently, Coinomi's Bitcoin SV node must be down for some reason. Try again in a few hours or days. Note that BSV has no reply protection; you should be careful when sending Bitcoin Cash and BSV. You can learn more here. Sending your BCH and BSV to two different (your) addresses at the same time will also split your coins.

Thanks mate, you helped me a lot! And thanks for the tip about Bcash and BSV.

What I dont get right now is, I swiped sweeped my paper wallet into Coinomi. That means it was already on a new wallet right? After I claimed all the forks, I panicked and sent the BTC to a new adress. Guess that was needless. Paid fees twice now.