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Author Topic: Best and Secure HWW ( Hardwarewallet )  (Read 257 times)
Bitcoiner2023 (OP)
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March 03, 2023, 01:38:04 PM
 #1

Hello dear bitcoin community,

What do you think would be the safest hardware wallets?

For me it would be
cold card
BitBox02
Foundation Device and OneKey
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March 03, 2023, 02:40:27 PM
 #2

Advisable and recommendable to use open source hardware wallets like the ones on this list: Open source hardware wallets

The safest ones is you that is using it, knowing how to avoid malware and protecting your seed phrase and keys.

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March 03, 2023, 05:26:47 PM
 #3

The cold card is the best as a bitcoin wallet but the problem is they only have limited features, unlike other hardware wallets like ledger nano.

It looks like ledger nano is not listed on the list of open-source meaning it's closed source but I never heard of someone's success to hack this wallet except on the news about user info leaks. However, trezor has many issues before even it is open source it doesn't mean it's secured.

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Bitcoiner2023 (OP)
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March 03, 2023, 05:33:31 PM
 #4

The coldcard is also not included in the list, apparently coldcard is not that trustworthy
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March 03, 2023, 05:35:36 PM
 #5

In terms of security and trustlessness, Cold Card is probably the best on the top of my head; but the UX isn't the best in my opinion so I'd have a hard time recommending it to the masses.

For 95% of people that aren't so techie, I'd go with Ledger or Trezor.

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March 03, 2023, 05:45:15 PM
 #6

What do you think would be the safest hardware wallets?
There is no one universally best and safest hardware wallet in the world, and you can always find good and bad things in all of them.
I would generally avoid any closed source hardware wallets devices like ledger or safepal, and I would look something that has regular updates.

If you are only need wallet for Bitcoin than Foundation Passport is good option, but it is more expensive than others.
ColdCard is not really open source anymore now it has common clause license, and it can be used only for Bitcoin like Passport.
BitBox02 wallet is fine open source wallet, but it's not exactly my top choice.

The coldcard is also not included in the list, apparently coldcard is not that trustworthy
You literally wrote ''cold card'' in your list:

For me it would be
cold card
BitBox02
Foundation Device and OneKey

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March 03, 2023, 05:47:22 PM
 #7

Hello dear bitcoin community,

What do you think would be the safest hardware wallets?

For me it would be
cold card
BitBox02
Foundation Device and OneKey

I would be undecided between coldcard and Bitbox, you should do a search because they are both excellent and it depends on your needs.  Bitbox is more user-friendly while coldcard is more for tech-savvy people.  Either way it's a good choice
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March 03, 2023, 05:50:29 PM
 #8

The coldcard is also not included in the list, apparently coldcard is not that trustworthy

Coldcard has publicly available firmware that is build reproducible. However, it is by strict definition open source since you cannot modify and sell it.

as @mk4 said it's not the friendliest ui to use but they do have a lot of videos on how to use just about every feature.

It's also fairly indestructible. Mine met a large cup of coffee with no issues.

Also, it depends if you just want a HW wallet for BTC or if there is other crypto you want to store. ColdCard is BTC only.

-Dave

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March 03, 2023, 10:06:11 PM
 #9

What do you think would be the safest hardware wallets?
There is no one universally best and safest hardware wallet in the world, and you can always find good and bad things in all of them.
I would generally avoid any closed source hardware wallets devices like ledger or safepal, and I would look something that has regular updates.

If you are only need wallet for Bitcoin than Foundation Passport is good option, but it is more expensive than others.
ColdCard is not really open source anymore now it has common clause license, and it can be used only for Bitcoin like Passport.
BitBox02 wallet is fine open source wallet, but it's not exactly my top choice.

The coldcard is also not included in the list, apparently coldcard is not that trustworthy
You literally wrote ''cold card'' in your list:

For me it would be
cold card
BitBox02
Foundation Device and OneKey


What would be your first 3 choices?

I don't care about cost or user interface, it's all about security, trust and transparency.

I was planning to use 3 different providers for my 2 of 3 multisig wallet.
I would not like to rely on a provider .... you never know these days.

Which 3 providers would you choose if you had a very very high amount in bitcoin, like a whale
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March 03, 2023, 10:19:33 PM
 #10

What would be your first 3 choices?

I don't care about cost or user interface, it's all about security, trust and transparency.

I was planning to use 3 different providers for my 2 of 3 multisig wallet.
I would not like to rely on a provider .... you never know these days.

Which 3 providers would you choose if you had a very very high amount in bitcoin, like a whale

I don't know if this can be done for multisig (no experience, but I don't see why not) but I'd go for more than only standard hardware wallets.
Coldcard is a top choice.
I'd add Trezor or Ledger because of the sheer number of items sold.
And, as something that's not a standard hardware wallet, I'd add either an airgapped cold storage (worse case scenario an USB stick with Tails OS and Electrum) either a SeedSigner device.


But as I said, I don't have enough experience. I have a cheap Ledger, but no multisig. I'm too far from being a whale Smiley

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March 03, 2023, 11:35:36 PM
 #11

What would be your first 3 choices?

I don't care about cost or user interface, it's all about security, trust and transparency.

I was planning to use 3 different providers for my 2 of 3 multisig wallet.
I would not like to rely on a provider .... you never know these days.

Which 3 providers would you choose if you had a very very high amount in bitcoin, like a whale

If this is all about multi-sig wallets then cold storage is fine for me without buying a hardware wallet and if you don't trust any hardware wallet non/open-source but do you know if you use a multi-sig wallet the transaction fee is higher than using a single signature wallet?
Keep in mind they do have an increase in fee when using a multi-sig wallet because it came from 3 wallets and take note hardware wallets can still be vulnerable to physical theft, loss, or damage so you should consider making a backup for future recovery.

Why not create a cold storage wallet and never connect it to the internet to make sure it is safe you can use Bitcoin core and run it to a PC with no wifi/ethernet connection or use Electrum.

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March 04, 2023, 09:10:53 AM
 #12

My first two choices are Trezor and Passport.  I do not really have a third preference.  But I do have one that would be my ultimate resort.  Ledger.

To me, security is about how reproducible the source code is too.  I can not think of something with non reproducible source code as secure because for what is worth, it may have back doors that maybe are secure against you and me but are not as secure against the manufacturer and the Government.  And if there is a back door.  All you need is some body who can some how get access and your device becomes unreliable and useless.

But then of course there are a lot of Hardware Wallets I did not try out yet.  This is something you need to consider.  A lot of us only tested out a few of these devices so the preference we have is also highly related to a pretty limited personal experience.

-
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March 04, 2023, 11:58:54 AM
 #13

I was reading through the Internet last week and saw this list of hardware wallets for 2023, I have not used any of them before or tried using though. You can check them out and research.

Best Bitcoin Wallets of 2023
Best Overall: Ledger Nano X
Best for Security: Trezor Model T
Best for Beginners: Exodus
Best for Advanced Bitcoin Users: Electrum
Best for Mobile Users: Mycelium
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March 04, 2023, 01:57:04 PM
 #14

I was reading through the Internet last week and saw this list of hardware wallets for 2023, I have not used any of them before or tried using though. You can check them out and research.

Best Bitcoin Wallets of 2023
Best Overall: Ledger Nano X
Best for Security: Trezor Model T
Best for Beginners: Exodus
Best for Advanced Bitcoin Users: Electrum
Best for Mobile Users: Mycelium


Ledger is out of the question for me because they are closed source.

I would like to use Trezor, but the security element is simply missing there...

I'm really undecided which 3 providers I should combine with each other for my 2of3 multisig wallet....

Foundation
BitBox
SeedSigner

or

Foundation
SeedSigner
SpecterDIY

or

Foundation
OneKey
BitBox

It's very difficult for me to decide, it's also about a lot of money here, so I want everything to fit.
I'm a bit paranoid about this kind of thing too...
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March 05, 2023, 04:46:30 AM
 #15

Hello dear bitcoin community,

What do you think would be the safest hardware wallets?

For me it would be
cold card
BitBox02
Foundation Device and OneKey
The search for the safest hardware wallet seems to never end, like the search for the holy grail. Everyone wants to get it, but it is basically impossible. There is no such thing as perfect security and safety. There will always be vulnerabilities that we may not know about at the moment, but one day they will be found and the issue of HW device security will become open.

Again, you put the question in this way, "what do you think?". I can think one thing, but it will be completely different from the real situation. I may think that ledger are the most secure wallet, but will it really be so?

There is another point. To voice my opinion on this question, I need to have experience using all or most of the hardware wallets that exist on the crypto market. If I had only trezor and ledger, then my assessment will not be objective. Although, of course, of these two options, I will choose trezor.

I'll try to answer your question. I don't believe that there is or will be the most secure HW device . Each wallet will be good for certain situations, as well as have its drawbacks. Your question is most likely rhetorical.

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Bitcoiner2023 (OP)
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March 05, 2023, 05:40:49 PM
 #16

What do you think would be the safest hardware wallets?
There is no one universally best and safest hardware wallet in the world, and you can always find good and bad things in all of them.
I would generally avoid any closed source hardware wallets devices like ledger or safepal, and I would look something that has regular updates.

If you are only need wallet for Bitcoin than Foundation Passport is good option, but it is more expensive than others.
ColdCard is not really open source anymore now it has common clause license, and it can be used only for Bitcoin like Passport.
BitBox02 wallet is fine open source wallet, but it's not exactly my top choice.

The coldcard is also not included in the list, apparently coldcard is not that trustworthy
You literally wrote ''cold card'' in your list:

For me it would be
cold card
BitBox02
Foundation Device and OneKey


You seem to have dealt with such topics very well, so I would like to know from you what would be your top 3 choices ??

Thanks
Macadonian
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March 06, 2023, 11:40:43 AM
 #17

I would stay away from Ledger they leaked customers data but they continue to advertise and generate data. Trezor and Passport are probably the most secure because they have secure elements and are available world wide. I do not like some parts of trezor because they have tried to diversify and include a exchange and shit coins but the security of the wallet is good and better then most other wallets.
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March 06, 2023, 01:00:16 PM
 #18

I was reading through the Internet last week and saw this list of hardware wallets for 2023, I have not used any of them before or tried using though.
~Snipped~
Best Overall: Ledger Nano X
In addition to what @Bitcoiner2023 posted the other day, it's worth noting that there are enough reasons on the following thread to call it the worst overall HW in the past two years: Ledger Nano X Battery Circus [make sure to read all of the comments]

I would like to use Trezor, but the security element is simply missing there...
If you're not in a rush, their upcoming or rather future HW [Model R] will have a secure element, but there's still no information with regard to its ETA.

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Edwardard
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March 06, 2023, 01:03:51 PM
 #19

I would stay away from Ledger they leaked customers data but they continue to advertise and generate data. Trezor and Passport are probably the most secure because they have secure elements and are available world wide. I do not like some parts of trezor because they have tried to diversify and include a exchange and shit coins but the security of the wallet is good and better then most other wallets.
Yeah, considering the past activities we can say that trezor has quite good advantages over ledger in terms of privacy. However, one who travels a lot might opt for ledger as it offers mobile application, i.e., ease of connection on the go via bluetooth service (on nano x), etc. In case of trezor, you have to carry a USB cable everytime for connection.
It depends on what type of user you really are otherwise both are good imo.
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March 06, 2023, 01:30:24 PM
 #20

I would stay away from Ledger they leaked customers data but they continue to advertise and generate data. Trezor and Passport are probably the most secure because they have secure elements and are available world wide. I do not like some parts of trezor because they have tried to diversify and include a exchange and shit coins but the security of the wallet is good and better then most other wallets.
Yeah, considering the past activities we can say that trezor has quite good advantages over ledger in terms of privacy. However, one who travels a lot might opt for ledger as it offers mobile application, i.e., ease of connection on the go via bluetooth service (on nano x), etc. In case of trezor, you have to carry a USB cable everytime for connection.
It depends on what type of user you really are otherwise both are good imo.
Ease of connection but you are a target for hackers. Ledger do not have good security practices as their data leak showed us in the past. I want someone who I can trust if I am using their hardware wallet and I think Ledger are probably making short cuts in their hardware wallets too as their data leak proved.
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