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Author Topic: Looking to buy my first hardware wallet  (Read 326 times)
Cookdata
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June 22, 2022, 03:34:51 PM
 #21

You are actually wrong. Trezor do not have secure element and because of that, it makes such attack easily possible. But the use of passphrase would be helpful to avoid the attack as explained above..

Charles-Tim, you are right!
I have just checked the thread by dkbit98 on how careless Trezor was with their securing element chip, my reason wasn't not enough to justify that you are wrong by cutting out trezor as hardware wallet after all that risk they might have made customers to undergo with out passphrase. I can't just imagine what will happen to anyone using their hardware to generateseed phrase with passphrase.
I hope you continue to correct my wrong comments in the future. Thank you.

Welsh
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June 24, 2022, 02:40:22 PM
 #22

I have just checked the thread by dkbit98 on how careless Trezor was with their securing element chip, my reason wasn't not enough to justify that you are wrong by cutting out trezor as hardware wallet after all that risk they might have made customers to undergo with out passphrase. I can't just imagine what will happen to anyone using their hardware to generateseed phrase with passphrase.
I hope you continue to correct my wrong comments in the future. Thank you.
If you secure the hardware wallet fairly well, as in physically. You should be alright. Like I said, technically it can be compromised physically, however my philosophy is if you've got into the effort of getting a hardware wallet anyhow, you should be securing it physically as well. Even with secure elements, you can't be sure there isn't vulnerabilities in it.

I tend to believe that breaking into something physically, is much easier than remotely. That's simply because there's much more unconventional techniques you can use. There's been freezing of devices, and all sorts of techniques done in the past to compromise it.

However, if you're concerned then yeah use one with a secure element. I still wouldn't absolutely rely on it though, and would still take precautions.
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June 24, 2022, 03:13:05 PM
 #23


Someone recently said that using hardware wallets for storing shitcoins is like using a vault for storing a bunch of bananas.
[/quote]

This was said on my thread  Grin

I don't understand though, surely doesn't matter what coins you hold you want to protect them no?
Munir575
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June 25, 2022, 12:18:51 PM
 #24

I'd recommend you go for Trezor hardware wallet. A Trezor hardware wallet, for example, is immune to remote attacks. If you use a strong passphrase, your device will also be protected from sophisticated physical attacks. There are other options, but these have everything you'll ever need. The Trezor is reasonably priced, whereas the ColdCard costs a little more, and depending on where you live, you may have to pay a hefty shipping bill as well.
Any hardware wallet that lacks a secure element may be compromised, but the chances are slim. Finding someone capable of physically breaking into your hardware wallet, which should still be locked up under key and secured physically as much as possible, is unlikely. However, keep in mind that it is possible.
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June 25, 2022, 04:02:53 PM
 #25

The first hardware wallet I used was SafePal and I recommend it to you.
SafePal can be purchased at an affordable price and is quite cheap, only $49.99 and already free shipping.

In addition, safepal also provides many features and there are several special aidrops for safepal hardware wallet holders.
Equipped with Multiple layers of security sensors, EAL 5+ independent secure elements and True random number generator.

For other hardware wallets such as Trezor, Ledger, ImKey, etc., you can choose.

Whatever hardware wallet is used, security also depends on the user, each hardware wallet has its own advantages and disadvantages.

Charles-Tim
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June 26, 2022, 06:56:37 AM
Merited by BlackHatCoiner (2), ABCbits (1)
 #26

The first hardware wallet I used was SafePal and I recommend it to you.
Is Safepal an open source wallet? No
Is Safepal having open source software? No
Is Safepal having desktop software? No
Can Safepal be connected to open source wallet like Electrum? No
Is Safepal supporting multisig wallet setup? No
Is Safepal having coin control or anything like address freeze? No
Is Safepal recommendable? No
Can I use Safepal? No

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June 26, 2022, 07:42:01 AM
Merited by dkbit98 (1)
 #27

I'm going to recommend some better alternative: A signing device!  Smiley

SeedSigner does that, and I've written a review for all of you to read. It's a cool tool, but what I find discouraging for purchase, compared with most reputable hardware wallets, is that it's in an experimental stage. It takes security in another level. Independent of your computer's OS that might be infected with a malware; signatures and master public keys are transacted via QR scanning.

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June 26, 2022, 09:59:47 AM
 #28

https://twitter.com/Ledger/status/1539730250191568896?
https://www.ledger.com/blog/our-security-products-educational-announcements-at-ledger-op3n-during-nft.nyc?
"During our Ledger Op3n event in NYC, we made important announcements regarding Web3 education, NFTs, hardware and more, all with the goal of making your Web3 experience more secure."
buy this wallet
https://shop.ledger.com/products/ledger-nano-s-plus

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June 27, 2022, 02:08:38 PM
 #29

I'm going to recommend some better alternative: A signing device!  Smiley
I like SeedSigner but this device is worthless for shitcoiners, and can be used only for one coin - Bitcoin.
Maybe because in few years time 99% of all shitcoins won't even exist anymore, and will go down the virtual toilet flush...
I could say the same thing for ledger devices, in few years most of currently available devices wont exist anymore, so you can see the similarity... Just sayin Wink

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