For 10 bucks it's not worth.
In this case, I consider any hardware that came from second hand user as permanently compromised. I would just discard it .
A hacker could have access to it and made hardware modifications, or even a firmware modification. I am no specialist, I know my limitations, I could be cheated this way. So I prefer and I advice only buying from official retailer.
Even if the seller is trusted or whatever they are not professionals. Someone who works there may have access to the hardwallet and made a modification.,
If you are buying a hardware wallet and want to save 10-20 bucks just wait for a Black Friday or some other promotion (ledger makes a lot of promotions in their website).
It is not worth trading security for 10-20 bucks, specially in a hardware wallet, that you are buying to feel 99.9999% safe.
Topic: Bitcoin Ledger and other hardware related questions. - page 4. (Read 939 times)
The only risk which comes with a second-hand hardware wallets is that you can get wallet with pre-generated seed, and if you are not aware dangers which arise from that, fact that you use wallet with seed which is known to someone else leads to almost guaranteed loss of your funds. That should be resolved only by resetting devices to the factory settings and set-up with new seed.
Modification of hardware is also possible, but this is not easy process and requires specific technical knowledge. I see this option acceptable for hackers only if they have targeted user who is having significant amount of crypto, otherwise such modified device can come into the hands of someone who have only $100 or something like that.
Modification of hardware is also possible, but this is not easy process and requires specific technical knowledge. I see this option acceptable for hackers only if they have targeted user who is having significant amount of crypto, otherwise such modified device can come into the hands of someone who have only $100 or something like that.
Yes, you can *presumably* attach some sort of malware to the ledger nano S, or preset a wallet/pin, which is why they usually recommend you to factory reset your ledger if you get it second-hand (and make sure the firmware is updated).
If the hardware has been tampered with, well then you're kind of fucked, unless you know how to safely remove it. (Big balls if you were to continue using that ledger s though.)
If the hardware has been tampered with, well then you're kind of fucked, unless you know how to safely remove it. (Big balls if you were to continue using that ledger s though.)
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What if someone goes for cheap (2nd hand) hardware rather than buying it from official website just because s/he may be getting it for way cheaper (like 10-20 bucks)?
And even if the website is one of the most trustworthy *sellers, what if they're giving these hardware at discounted rates (not so cheap but hey, who doesn't like saving)? Can these hardware also be one of the used ones? Can they also attach a malware in those hardware?
*By saying Sellers, I didn't mean they cannot sell you vulnerable devices are their entire credibility gets limited to being trusted in terms of selling and after that, consequences may be different than what we expect once we've got some coins in that hardware.
I can talk about the Ledger Nano S since I have one. In Nano S if you want to setup a new device then just create a new 24 word seed with passcode then it's all yours. No matter you bought the Ledge 2nd hand or brand new. Now to restore the wallet you just need those 24 word seed and the passcode.And even if the website is one of the most trustworthy *sellers, what if they're giving these hardware at discounted rates (not so cheap but hey, who doesn't like saving)? Can these hardware also be one of the used ones? Can they also attach a malware in those hardware?
*By saying Sellers, I didn't mean they cannot sell you vulnerable devices are their entire credibility gets limited to being trusted in terms of selling and after that, consequences may be different than what we expect once we've got some coins in that hardware.
I hope this finds your answer?
Warning: Do not use any seed and passcode given by any seller or anyone else.
What if someone goes for cheap (2nd hand) hardware rather than buying it from official website just because s/he may be getting it for way cheaper (like 10-20 bucks)?
And even if the website is one of the most trustworthy *sellers, what if they're giving these hardware at discounted rates (not so cheap but hey, who doesn't like saving)? Can these hardware also be one of the used ones? Can they also attach a malware in those hardware?
*By saying Sellers, I didn't mean they cannot sell you vulnerable devices are their entire credibility gets limited to being trusted in terms of selling and after that, consequences may be different than what we expect once we've got some coins in that hardware.
And even if the website is one of the most trustworthy *sellers, what if they're giving these hardware at discounted rates (not so cheap but hey, who doesn't like saving)? Can these hardware also be one of the used ones? Can they also attach a malware in those hardware?
*By saying Sellers, I didn't mean they cannot sell you vulnerable devices are their entire credibility gets limited to being trusted in terms of selling and after that, consequences may be different than what we expect once we've got some coins in that hardware.
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