Topic: Best Hardware Wallet (Read 322 times)

It is very difficult to assess which hardware wallet is better at Ledger user data leaks, Trezor fake applications here for example, fresh Trezor users who installed a fake application from the iPhone's App Store lost $1.6 million reports washingtonpost Trezor company said that "for many years notifies Apple and Google about fake applications issued for the company's product."  https://www.washingtonpost.com/technology/2021/03/30/trezor-scam-bitcoin-1-million/

Apple explained that developers of fraudulent applications often send initially harmless services for verification, and then turn them into phishing services.

The company said that the fake Trezor app got into the App Store fraudulently and was initially positioned as a cryptographic service for encrypting files and storing passwords, not related to cryptocurrencies



The other day Trezor discovered another similar app on Google Play https://twitter.com/Trezor/status/1376479975952547847

Here something new and easy to use: SafePal S1
- EAL 5+ crypto-chip, which protects the private key 100%
- 100% offline - no USB, Bluetooth, Wi-Fi, NFC or other radio frequencies
- 1.3 ″ high resolution screen
- Transactions with a fingerprint scan


Official promotional video: https://youtu.be/z1hp5e4Qffg
Product Information: https://shop.safepal.io/products/safepal-hardware-wallet-s1-bitcoin-wallet

Videos:
SafePal Wallet App Review = https://youtu.be/xNI2_5S4FZ4
SafePal S1 hardware wallet demo = https://youtu.be/7MGlcmQTCfs

Cryptocurrencies:

I would choose trezor, because the Trezor T works with the 12 word recovery seed given during your wallet setup which you can use to reactivate your account on a new Trezor T device if your old one is damaged, lost or stolen, and you don't need to update the firmware  when you want to store different crypto assets, the user interface and work platform which looks aesthetically pleasing make this my top choice for choosing this hardware wallet.

Of course, there are such people, so although it is not recommended to use Electrum or any other desktop wallet as a hot wallet (for a good amount of coins), the degree of security depends on how much that person is aware of the dangers to which he/she may be exposed and whether he/she knows how to protect himself from them. Properly configured Electrum on a computer that is 100% virus/malware clean, and has adequate protection is not something that should be considered insecure, but why risk it that way if one hardware wallet costs only about $50?

If you look back a few posts, then you can see that Electrum can also be used as a cold storage (airgapped device), and a watch - only wallet (online device).

Are there people with a good amount of crypto but store it in wallets like electrum or similar ones?

Both of them are great you just need to buy it on their official site so you wouldn't get scammed or get a fake one if there are any.
I bought Nano Ledger because it was the first Hardware walley that I know you could always compare them look at their pros and cons and compare them to each other.

Well, those are reputable wallets that perhaps give a safeguard on your crypto investment. But first, remember to purchase only on the legitimate and authorized online distributor's shop. Nothing else I can recommend when we talk about hardware wallet, both have good feedback but the problem of most they purchase in the wrong store --because there are tampered hardware wallet that means easy for them to trace back and get your fund inside. However, if you know this already it is better to avoid second-hand hardware devices.

Check out this resource before buying a Trezor hardware wallet.

Kraken Identifies Critical Flaw in Trezor Hardware Wallets
KRAKENFX(C)  JANUARY 31, 2020
https://blog.kraken.com/post/3662/kraken-identifies-critical-flaw-in-trezor-hardware-wallets/
If your wallet is stolen or seized, your funds are not safe unless you use a secret phrase (25th word)

No such vulnerabilities have been found on the ledger yet.

Both are reputable.

It seems that many are still into Ledger Nano S and haven't availed yet the X one just like me. And based from experience, it's still a good wallet and it's good with any of the version as long it's from Ledger.

But be careful where you purchase your hardware wallet, buy on approved retailers or buy it from the manufacturer itself.

He wants to hold for years after buying it on Coinbase Pro.

When it comes to hardware then i do only trust up these two.

https://www.ledger.com/
https://trezor.io/

There are other HW do exist but nothing beats out when it comes to the reputation and legitness of these two.

Trezor 100%, speaking from personal experience I recommend it. It’s out there 100% in the lead of anything else.

Ledger Nano S is my choice because it has a lot of features and good security. for some other hardware wallets, I haven't tried many.

Using a hardware wallet is more secure than using a software wallet or mobile wallet.

There is a new hardware wallet that was launched a few months ago and fully supported by Binance, namely SafePal which was a trending topic because it provided a large enough airdrop for initial users of the application and hardware wallet.

Maybe you have an old computer that you don't use anymore, or maybe you can buy something like that cheap? I suggest that before buying HW, you explore the possibility of storing your coins in a way called cold storage. All you need is a device that is airgapped (no internet access) and free software like Electrum. This type of storage is even more secure because you will not expose your personal information when buying, and you will be protected from all possible vulnerabilities that can be found in the future with any hardware wallet.

You can read more information at the following link -> https://electrum.readthedocs.io/en/latest/coldstorage.html

Of course, if you decide on something like this, in order to be 100% sure in the software you use, you have to verify it before installation - and also make sure that your backup (seed) is properly protected.

[GUIDE] How to Safely Download and Verify Electrum [Guide]

Why are you interested in a hardware wallet?

I will also support all the answers in favor of the Ledger Nano S and Trezor. They both give you the peace of mind to keep your coins securely. They enjoy a good reputation in the market.
But the main security will always depend on you. From your correct actions, do not lose access to the physical medium, so as not to lose your funds. . I would recommend reading all the advantages and disadvantages of wallets so that you can independently evaluate which is more preferable for you.

Just use trezor, they have existed since the old days and I personally use it and have no problem with it though the software sometimes kinda glitchy (rarely though) if you try to login from different computer that has different "environment" but it's overall never disappoint me and until now I've never lose any crypto by using this hardware wallet, the newer hardware wallet might looks catchy and all but I prefer reliability  .

Both are good, I've bought mine way back in 2017 and it is worth it. I feel secured since I keep my private key. Just make sure to order it directly on their website rather than individual resellers because there might be a risk it already tampered and you might lose your funds instead of securing them. Make sure to keep a hard copy of your seed phrase for back up.

I download it always by hand from electrum.org (typed, not searched)
And I do the steps from here to verify the download before use: https://bitcoinelectrum.com/how-to-verify-your-electrum-download/

Good advice, I also had some frustrating issues with Ledger live POS. Mainly with them dropping Win7 support and the endless updates going on, inspires not much trust.
I'm not versed in how to access Electrum with the NanoS. How do you get (verified) Electrum?

Best hardware wallets are open source and they care about your privacy and security of information you send them when you order it.
Company that had multiple leaks, and has secret NDAs with closed source hardware and software is not a good choice for purchasing hardware wallet.
I would choose some of those open source wallets and use passphrase option as 25th word:

- ColdCard
- Bitbox
- Trezor

Other hardware wallets can also just work fine if you want to take more risk, and it is important the way how you order them so try to use PO boxes and alternative phone numbers.

Always remember that seed words are more important than your actual hardware wallet device, so keep it in safe place.

First of all, I recommend you read this thread: [GUIDE] How to buy a Hardware Wallet the right way
The point is that it has already happened that people bought hardware wallet and their home address has leaked onto the internet. This may be of concern, hence you may want to take some precautions.

Now about the preferences, I do have a Nano S and I'm happy with it. It was not that expensive and it does the job well. And it looks somewhat close to an USB stick.
I use the HW with (verified) Electrum and seldom with Mycelium. Imho Ledger live is crap as wallet.

It's hard to definitely tell which one would be best suited for your needs, but I can confirm that the Ledger Nano S is a great wallet. Reliable, easy to use. However, Trezor and Ledger are popular brands that tend to be a bit on the pricier side, I think the Nano S goes for around 60$ which is considerably cheaper than the alternatives like Trezor, newer versions of Ledger, or KeepKey.

Both are the best , either of two from TreZor to Ledger nano. What is very important is how will you handle to take care of your hardware wallets because we have seen many mismanagement and some Lost their funds for Making their keys hard to memorize and forgot it after years.
Make sure that you will handle them in right manner and keep it safe as safer as your life.
And also Welcome to HODL world , we will be proud of your decision as you are when the rigth time comes.

I use the Ledger nano S because I bought it a long time ago. But those knuckleheads kept in the cloud the data of all their customers who ordered wallets from them! And that database went online... So I have no confidence in Ledger!
I would recommend you to create a wallet in Electrum, record seed and store your bitcoins in peace...
Hardware wallets are not a panacea!

They are both reputable, and used amply by people around here. A few (non exhaustive) things to consider:

-   The device is not a 100% safeguard, meaning that it could at some point break down (i.e. screen could fail, device may not be readable, etc.). It´s not something frequent, but given time, all hardware may have issues.

-   Because of the above (not only), it’s actually very important to keep your 24 word mnemonic in a very safe place. Were the device to fail, you can always regain access if you have the mnemonic.

-   Hardware wallets have in the past encountered issue with outdated firmware (i.e. Ledger changed their management software at a certain point in time, and certain devices with older firmware versions became no longer usable on it). That should encourage one to update the device’s firmware every now and then.

-   You may consider using a passphrase to hide some accounts as an additional security feature. Both devices allow this, but you need to read and understand fully what it entails and how to manage it (the information is available on each of the device’s original sites).

-   Always purchase the device from the original site, or an official reseller, and check that it hasn’t been tampered with (i.e. no bogus prefilled 24 word mnemonic card, etc.).

-   Due to some data leaks in the past (Ledger is a master, but ultimately it could happen to any supplier), if you can, try to make the purchase without providing your complete real identity, phone and address. Not always simple to bypass this one, but if feasible, worth considering for peace of mind.
 

Once I was hacked and that day I decided to buy a Trezor wallet. I am using Trezor for the last 3 years without any issue. I have ordered my Trezor from the official website, on the other hand, one of my friends using Ledger Nano without any issue now it's up to you which one you would like to buy as in my opinion both are good too store your coins hassle-free.

I did check this wallet review a month ago and I agree with your insight, they all have the checkboxes ticked for what hardware wallet I am looking for and you are right, we have to have a backup no matter how much safe they advertise their product because human factor is always the reason for most lost wallets. I think that this topic should be moved to Web Wallets.

Check the wallet reviews from cryptowisser: https://www.cryptowisser.com/wallets

Many people will say Trust and Trezor wallets are best hardware wallets. Wallets can not protect you and you have to protect yourself and capital. Use wallets safely and carefully and always backup important information to recover your wallet in the future.

I like Trezor, I haven't tried the Ledger Nano S but it has good reviews. One thing to note is that the Trezor is completely open source and therefore is code can be audited by anyone.

I'd choose Trezor. Unless you want to store Monero as well, I'd go for the Model One. It's fully open source and has a very long community history with audits and lots of tests. The closest competitor is Ledger, which is only partially open-source and that is popping up a pretty large question mark for me.

Either of the two.

Don't forget to buy from their official websites as there were reports of other marketplaces selling rigged HW.

You can find other options at [General] Bitcoin Wallets - Which, what, why?

This reminds me also of a case about leaked personal customer information from Ledger database that lead to phishing scams. It's not related to their product but you might want to consider that too.

Plan is to buy on coinbase pro.
Wanna send it to a hardware wallet as I'm gonna HODL the next years. No Intention in trading. Whats the best hardware wallet to buy?
I feel like going with the Leder nano S or the TreZor one.
Whats your preference?