Best open source hardware wallets for BTC? - page 4.

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Quote from: LSDadventure on June 01, 2023, 11:53:32 AM

Quote from: Abiky on June 01, 2023, 11:22:04 AM

The hardware wallet is closed source (AFAIK) so there's no way to know how your keys are stored/encrypted on the device. I really hope open source alternatives win for the good of the crypto/Blockchain industry.

Who need a closed source hardware wallet?

I can use an open source non custodial wallet like Electrum wallet, and set up a multisig wallet with Electrum or a cold wallet with Electrum. It is safer than using a closed source hardware wallet.

Quote

Who knows if Ledger is bound to die soon? Just my opinion

They are losing customers. Closed source, and their Ledger Recovery Service broke basics of a good wallet.

You are speaking fact here but do you know that the Electrum wallet stays online most times because you are running on your smartphone with a 24/7 internet connection? This is where hardware wallets beat got wallets, staying offline is what hardware is good at and this makes them the best type of crypto wallet, but Electrum as a open source wallet is better than hardware wallets that are closed source, your point is valid.

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Quote from: Abiky on June 01, 2023, 11:22:04 AM

The hardware wallet is closed source (AFAIK) so there's no way to know how your keys are stored/encrypted on the device. I really hope open source alternatives win for the good of the crypto/Blockchain industry.

Who need a closed source hardware wallet?

I can use an open source non custodial wallet like Electrum wallet, and set up a multisig wallet with Electrum or a cold wallet with Electrum. It is safer than using a closed source hardware wallet.

Quote

Who knows if Ledger is bound to die soon? Just my opinion

They are losing customers. Closed source, and their Ledger Recovery Service broke basics of a good wallet.

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Quote from: Charles-Tim on May 31, 2023, 11:31:04 AM

You can see the list of open source hardware wallet here: Open source hardware wallet

I will recommend passport.

Some people also recommend Keystone.

I would have recommended Trezor but the recent coinjoin with the help of Wasabi makes coinjoin to be censored and no privacy anymore as the transactions are monitored by Chainanlysis.

As for Ledger Nano wallet, it has been on of the worst wallets that I can not recommend anyone. I do not recommend the wallet before because they were careless with customers data and also the secure element in all their wallets are all close source.

Pretty cool. Thanks for sharing. This is just what I've needed. You can never trust a company (Ledger) that could easily side with the government for unknown reasons. The private key/seed recovery service tells us the company is already compromised. Why not educate people on how to protect their keys instead? It goes against their claims that they cannot access or know your keys.

The hardware wallet is closed source (AFAIK) so there's no way to know how your keys are stored/encrypted on the device. I really hope open source alternatives win for the good of the crypto/Blockchain industry. Who knows if Ledger is bound to die soon? Just my opinion

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Quote from: leonair on May 31, 2023, 11:51:34 AM

Ledger is a good hardware wallet.

But it's not. With the whole obscurity about how they encryp your seedphrase to be able to recover your private keys should you get a new ledger device, it's best to go for the better, more transparent alternatives.

This is also not the first time ledger wallet has come under scrutiny, there have bee data breaches in the past that exposed its users to personalized scams. They also did not reveal the hack early enough but waited about a month before reporting on the hack, not giving their users a heads up to change their personal details on other platforms.

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Quote from: Abiky on May 31, 2023, 11:25:12 AM

Does anyone know of any good hardware wallets that are open source? I've been using a Ledger Nano for years but not being open source is a deal breaker for me. With the Ledger Recover feature meant to help restore people's private keys/seeds by complying with KYC, the hardware wallet could be compromised as we know it. If it's not open source, it cannot be trusted.

Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance.

Ledger is a good hardware wallet. But if you are looking for another open source hardware wallet and want to switch there then you can choose Trezor as we know it as a good hardware wallet. Charles-Tim has already linked a list here that lists several open source wallets. You can choose your preferred wallet from there but as per my personal advice I think it would be better to use Trezor. I have nothing more to say than that

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That's the bad part of using Ledger Nano they don't have open-source code for their hardware wallets and we do not know what's behind the program of their device.

Why not use Trezor instead which is open-source I do not know if it's the best one but Trezor is already a popular wallet that supports multiple cryptocurrencies.

Or if you just want to store Bitcoin only then a Cold card might be optional.

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Quote from: Nwada001 on May 31, 2023, 11:33:17 AM

Well, in search of the best hardware wallet to use since ledger has broken their users trust, try using either a desktop or mobile Electrum wallet for the main time and move all your funds from that of ledger to your newly acquired Bitcoin wallet. Before it becomes too late, when the ledge is either hit with a security bridge or any funny news from the SEC,

There is nothing to late. Going for online wallet is not a good idea. He can just wait and buy new better hardware wallet instead before dumping the no privacy and no full control Ledger wallet.

If in haste, there are options he can go for if he has good knowledge about bitcoin wallet. Going for other cold wallets like paper wallet or wallet on airgapped devices is better.

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Well, in search of the best hardware wallet to use since ledger has broken their users trust, try using either a desktop or mobile Electrum wallet for the main time and move all your funds from that of ledger to your newly acquired Bitcoin wallet. Before it becomes too late, when the ledge is either hit with a security bridge or any funny news from the SEC,

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You can see the list of open source hardware wallet here: Open source hardware wallet

I will recommend passport.

Some people also recommend Keystone.

I would have recommended Trezor but the recent coinjoin with the help of Wasabi makes coinjoin to be censored and no privacy anymore as the transactions are monitored by Chainanlysis.

As for Ledger Nano wallet, it has been on of the worst wallets that I can not recommend anyone. I do not recommend the wallet before because they were careless with customers data and also the secure element in all their wallets are all close source.

Abiky

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Does anyone know of any good hardware wallets that are open source? I've been using a Ledger Nano for years but not being open source is a deal breaker for me. With the Ledger Recover feature meant to help restore people's private keys/seeds by complying with KYC, the hardware wallet could be compromised as we know it. If it's not open source, it cannot be trusted.

Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance.

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