Topic: Armory vs Trezor - page 2. (Read 2501 times)

I certainly believe that Trezor is better. I don't really know, but the idea of having a wallet separate from my computer gives me a whole new sense of security. Maybe it's because I get a computer virus once a year, but to me, Trezor is alot better. I trust Trezor more than I trust myself, to be honest.

For security IMO, Trezor.

But for privacy, Armory is a close second to Bitcoin Core (Armory uses a different length for it's addresses, so they stand out in the blockchain). But IMO, it's an improvement over any of the wallets that function with Trezor today; all of them give up your public key information (either through the SPV mode or by xpub sharing), because they're all light-node wallets. Really looking forward to a full-node wallet developer announcing Trezor support (for security & privacy simultaneously).

Beautiful   Don't know how I missed that page.  The chart in the following #LINK at that page - http://doc.satoshilabs.com/trezor-apps/index.html#using-trezor-with-bitcoin-and-altcoin-wallets - indicates to me that I would rely on MyTrezor.com, use Electrum for a spending wallet and secondary backup (use Coinbase/Circle for societal spending integration), and keep the "Chrome Extension" installed on my computer(s) for a worst case scenario in order to retrieve my bitcoins.  I'll also keep some spare Trezor Hardware Wallets on hand in the worst case scenario that Satoshi labs failed and the hardware went bye bye.  It was the Chrome Extension aspect, and its ability to run locally offline that I was missing.

Thanks again.  Big Help.

Peace,
- david

See recovering funds without Trezor device. You can also use Multibit HD if you have not added a passphrase. I have already tested and confirmed. Suggest you do what I did, buy a three pack of Trezors to get the discount and try out every scenario you can imagine to understand how Trezor works and keeps your bitcoin safe.

I am familiar with the "seed" process.  I am also familiar with a TON of web complaints I have seen out there that Electrum has problems with restoring.  I also see from Satoshi Labs own website that restoring would require a new Trezor if yours was stolen/lost/damaged.  

However, the process of activating a new Trezor device seems to mandate use of the mytrezor website.

So here is my hypothetical (which while I admit may be extreme - I want to understand ALL possibilities before I commit substantial funds to this)....

My Trezor is damaged, and Satoshi Labs has gone out of business.  Then what?

Trezor can not be bought in stores, you have to order directly from the company in Europe. They can ship anywhere in a couple of days just choose the DHL express shipping option.

Recovery only requires the 24 word seed phrase you copy down when you set up your Trezor for the first time. In an HD bitcoin wallet think of the seed as your bitcoin, as all addresses and keys you will ever use derive from the seed. The plastic hardware is just a way to make the seed usable for transactions. If SatoshiLabs went tits up (doubtful) you can restore your wallet to Electrum using the seed.

This comment made me more interested to explore and use Armory in the future as I have always used blockchain.info as my wallet. I did planned to get Trezor but it's not locally available.

I have a question about Trezor, which I am thinking about migrating the majority of our bitcoins to.

I honestly don't really care about security issues - because I feel very good about that having studied and read up on this for weeks.  However if anyone wants to throw out any major flaws that aren't well known feel free.

My primary question is hypothetical in nature and involves the hypothetical demise of Trezor itself, as a company.  My question/concern is EXCLUSIVELY related to what would happen if Trezor went out of business.  It appears to me that things like "recovery" etc all require the mytrezor.com website.  Now, there are all sorts of claims that you can use electrum, armory, and other wallets that are integrated with Trezor hardware wallets directly - but I also see enormous complaints/comments about a lot of this being hype and that many of these don't actually work.  I would like to hear people's experience / knowledge on the subject.

Also, as the ultimate backup in the face of wierd events..... does Trezor work with Core?

Any thoughts appreciated as I am about to purchase many Trezor wallets.  I should note that I do not use iOS/Droid.  I am a desktop only.  I think one thing that annoys me is when people make blanket statements about what something can or cannot do, and do not specify their sub-technology (subtec).  Some stuff seems to work with iOS, or with Android, or with Desktop, etc.... but not with others.  Please confirm your subtec applicability

Peace,
- david

You can set up Armory for cold storage but will need two computers: one has your Armory watching only wallet and the offline computer has the portion of Armory that holds your private keys and signs transactions. You use a USB drive to shuttle transactions between the two components. Also realize that Armory runs on top of Bitcoin Core so your laptop will need a local copy of the blockhain. Armory for cold storage is not more secure than Trezor, but is more private. That is the advantage Armory has over Trezor. Armory devs keep promising Trezor support so you can use your Trezor with Armory, maybe someday:)

The point of Trezor or any hardware wallet really is that you don't have to worry about keeping your OS secure, up to date and with up to date firewalls and antiviruses (if you are using Windows).

With hardware wallets this is isolated, so you aren't at a constant risk.

I am pretty sure that you are confused and that you don't get the difference between Trezor which is a hardware wallet and Armory which is just a software wallet as unamis76 has written. Go ahead and research different kinds of Bitcoin wallets and you will understand what we are talking about.

If you have Trezor then there is no purpose of using Armory as Trezor is much, much safer!

Cheers!

You can't really compare a software solution to a hardware one... Trezor is quite safe out of the box. Armory is also safe, but it is more dependent on the rest of your software environment. Just go with what fits you best

I am familiar with using Trezor hardware wallet but I keep hearing about Armory.

Can anyone tell me would it be safer or what would be the advantage in me using Armory to store bitcoins if I already own a Trezor?