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Author Topic: How to Choose the Best Hardware Wallet?  (Read 68 times)
GhostOfBitcoin (OP)
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Today at 07:12:37 AM
Merited by satscraper (1)
 #1

With the current expansion of the crypto market, ensuring the security of our funds has become the biggest challenge.

Many of us lazily keep funds on exchanges, but this is not at all safe for long-term investment.

Personally, I am thinking of moving my funds to a hardware wallet or cold storage.

While there are many options on the market today, I have found 5 wallets to be the most popular and effective.

I will provide a brief comparison of them below:

Ledger Nano X: This can be called the current all-rounder. It has Bluetooth, so transactions can be easily made through mobile without a PC. Thousands of coins are supported and their 'Ledger Live' app is very user-friendly.

Trezor Safe 5: This is the best for transparency because it is completely open-source. It is uncompromising in terms of security. It uses a color touch-screen and advanced encryption chip. Its interface and security elements are really amazing.

Tangem Wallet: This is the easiest solution for new users. It looks like a credit card and has no battery or charging hassle. You can manage crypto by tapping your phone with NFC technology. Also, there is no fear of losing the seed-phrase because it has the advantage of using a backup card.

Ledger Stax: This is a premium wallet. Created by iPhone designer Tony Fadel, this device has an E-ink display. It allows you to use multiple wallets at once and set your own NFT art on the display.

SafePal S1 Pro: This is an air-gapped wallet. It works by simply scanning a QR code without internet, Bluetooth or USB. There is virtually no risk of hacking and it is a project directly supported by Binance.

My questions:

Which is safer? Bluetooth wallets (Ledger) or completely offline QR-code wallets (SafePal)?
Open source (Trezor) vs closed source (Ledger) which do you think is more acceptable when it comes to security?

Share your worthy opinions and experiences, It will help me and others from our community to choose the right wallet.
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Today at 07:21:58 AM
 #2

Ledger is one of the worst hardware wallets that I know among them because of the online seed phrase sent to three different companies in 3 divisions and lack of users privacy, but I also do not really like Tangem when I know they went for something crazy like to ring wallet and wallet that does not support seed phrase.

The worst that you mentioned is the close soruce Safepal. I will prefer Foundation Passport if I need an airgapped wallet. I will prefer Trezor if I want some shit coins.

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Today at 09:13:19 AM
 #3

Some member (including me) doesn't really Ledger due to past few hacks and some lies (such as private key cannot be extracted in any way, but later introduce Ledger Recover), so i don't recommend any types of Ledger device.

Trezor is overall "best" hardware wallet. Based on your previous thread, you would value the fact Trezor is made by one of oldest hardware wallet company. Although i would argue Trezor Safe 3 is enough for some people.

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Charles-Tim
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Today at 09:28:35 AM
 #4

Trezor is overall "best" hardware wallet. Based on your previous thread, you would value the fact Trezor is made by one of oldest hardware wallet company. Although i would argue Trezor Safe 3 is enough for some people.
This is what I also think, but philipma1957 post let me think otherwise. Just because quantum ready is included in Trezor Safe 7, it is very possible some people will argue that it will be the best to be enough as we are moving to post quantum period, but it is too expensive.

Another thing is the privacy. Buying hardware wallet makes me think I am not private enough about cryptocurrencies. Ordering it from a company is becoming something we do not know what can happen in the future. And also if a reseller is used, it will still be online here and no still privacy.

I think setting up a wallet on an airgapped device will be the best. That is still the goal of those that want to get harware wallet.

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Today at 10:01:37 AM
 #5

Op you have to first understand that the security in hardware wallets is mostly about trust model than the features they carry. For conveniency, Bluetooth and mobile support may look like cool features but as a Bitcoiner, transparency will always come before convenience. That's why most Bitcoiners are opting for Trevor after the Ledger Recover controversy.

That said, the type of wallet a Bitcoiner uses doesn't guarantee full safety if he's careless with how he protects his seed phrase. Storing your Bitcoin in a cold and secured wallet is one part of the security, protecting your seed phrase from exposure is a another part.

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Today at 10:37:50 AM
Last edit: Today at 11:01:25 AM by GhostOfBitcoin
 #6

Trezor is overall "best" hardware wallet. Based on your previous thread, you would value the fact Trezor is made by one of oldest hardware wallet company. Although i would argue Trezor Safe 3 is enough for some people.
This is what I also think, but philipma1957 post let me think otherwise. Just because quantum ready is included in Trezor Safe 7, it is very possible some people will argue that it will be the best to be enough as we are moving to post quantum period, but it is too expensive.

Although "quantum-ready" sounds very modern, there is debate about how necessary it is for the current Bitcoin network right now. Until Lamport signatures or other post-quantum cryptography are mass-adopted in Bitcoin, having this feature in hardware wallets is a bit like future-proofing. It is worth considering how much extra cost this feature makes sense for the average user.

Another thing is the privacy. Buying hardware wallet makes me think I am not private enough about cryptocurrencies. Ordering it from a company is becoming something we do not know what can happen in the future. And also if a reseller is used, it will still be online here and no still privacy.

Ordering directly from a company's website leaves your name, phone number, and home address in their database (as we saw with the Ledger data leak). Even resellers leave a digital footprint. This information could allow anyone in the future to know that you have cryptocurrency, which is a major security risk.

I think setting up a wallet on an airgapped device will be the best. That is still the goal of those that want to get harware wallet.
I agree with you that using an air-gapped DIY wallet (like SeedSigner / Krux) is the most useful nowadays. Because we all want maximum privacy when storing crypto. There is also the option to buy the parts of the Airgapped wallet separately. The device never comes into contact with the internet; it works via QR code or microSD card. Also, there is no need to rely on any third-party company.



Trezor is overall "best" hardware wallet. Based on your previous thread, you would value the fact Trezor is made by one of oldest hardware wallet company. Although i would argue Trezor Safe 3 is enough for some people.
Yes, I consider the Trezor Safe 3 to be one of the best choices. Because the previous models of Trezor (like the Model One) did not have a dedicated Secure Element. But in the Safe 3 they used an EAL6+ certified chip, which provides additional protection against physical attacks.
The Trezor firmware is completely open-source, meaning anyone can audit its code. They have maintained this open-source legacy in the Safe 3 as well, which is why it is one of the most trusted wallets in the Bitcoin community. I only want to hold Bitcoin and can load the Bitcoin-only firmware on the Safe 3. This reduces the wallet’s codebase and attack surface, which is much safer for long-term holders.
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Today at 01:27:55 PM
 #7

~snip
Did you really do some thorough research? I'm saying this because last I checked ledger isn't recommended by any real bitcoiner ever since they tried introducing could storage for keys. If I'm gonna be recommending hardware wallets I'm definitely not gonna be mentioning ledger you can do more research on this.

Trezor is overall "best" hardware wallet. Based on your previous thread, you would value the fact Trezor is made by one of oldest hardware wallet company. Although i would argue Trezor Safe 3 is enough for some people.
One reason I'll recommend Trezor Safe 3 is because it's compact and it actually supports more than just bitcoin. Sometimes as hodlers you can sometimes be tempted to add some other coins to your portfolio.

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.Duelbits PREDICT..
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.WHERE EVERYTHING IS A MARKET..
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Will Bitcoin hit $200,000
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    No @1.15         Yes @6.00    
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Today at 01:49:41 PM
 #8

Did you really do some thorough research? I'm saying this because last I checked ledger isn't recommended by any real bitcoiner ever since they tried introducing could storage for keys. If I'm gonna be recommending hardware wallets I'm definitely not gonna be mentioning ledger you can do more research on this.
Make use of search engines, you will see how good the reviews that you will see about Ledger Nano. Also make use of AI and you will see the same thing there also.

Trezor and Ledger have been the two that are competing and that is misleading a lot of people about Ledger Nano.

This is the reason forum like Bitcointalk is very important.

One reason I'll recommend Trezor Safe 3 is because it's compact and it actually supports more than just bitcoin. Sometimes as hodlers you can sometimes be tempted to add some other coins to your portfolio.
You can get the bitcoin-only or universal (that is supporting more than 1000 cryptocurrencies) Trezor Safe 3.

This enough to let us know how important bitcoin is. They are seeing sales for bitcoin-only very well. If not, they would have only been producing the universal ones only.

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Today at 02:14:55 PM
 #9



Tangem Wallet: This is the easiest solution for new users. It looks like a credit card and has no battery or charging hassle. You can manage crypto by tapping your phone with NFC technology. Also, there is no fear of losing the seed-phrase because it has the advantage of using a backup card.



You asked about hands‑on experience with the listed wallets, and I can share mine related to Tangem. I’ve been using Tangem for more than two years and have found it very convenient for everyday use. You’ve already highlighted most of its advantages, but I’d like to stress one more, namely Tangem Pay. This is payment account that can be activated inside Tangem Wallet app if your country of residence is eligible. With it, you can use crypto to cover your daily spending.

Forum has dedicated Tangem thread, so if you’re interested, you’re welcome to join the discussion there.

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 King of The Castle 
 $200,000 in prizes
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 62.5% 

 
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