Topic: Can we 100% trust hardware wallets? (Read 257 times)
Is there any way that Trezor company can get our tokens? is it possible?
Nothing in this life specially crypto world is trusted 100 percent but so far hardware wallet is the best secure wallet for daily spend , so try to increase your security by keeping secert words in safe place .
Buy it from right developer (trezor or ledger) and you cant afraid from them 
had this too and had no problem
had this too and had no problem
Even though it acts as a standalone device, it can be tampered with before you bought it or after you have set it up. There was just an incident with this, so you should assume every system isn't perfect. However, if you're going to choose a wallet, Ledger Nano or Trezor would be a better bet than something that works online.
Hope this helps!
Hope this helps!
No purse will provide 100% protection against all known methods of attack, including force majeure. However, Trezor and Ledger are very close to this, provided that you buy the device directly from the company or from an approved retailer.
hard wallets companies are also own by people like us. Their product is software base so you cant rely anything 100% nothing is unhackable but, offline wallets or hard wallets are safer than online wallets because to get access to your wallet it first requires to attach your hard wallet with your system.
So, The best wallet with a good encryption can be hacked? You can advice me for a tips about the wallets!! 10x
Yes? What good does the best encryption in the world if the hacker will see your password (due to your computer having a keylogger/trojan) and be able to decrypt your wallet in a matter of seconds?It's literally impossible to get a virus on your hardware wallet. And connecting it in an infected computer doesn't do any harm as well since the private keys never touches the computer.
No wallet is worth your absolute trust. Those hackers can even infiltrate the exchange, so do not think that there is a wallet that is safe, but you can improve your wallet's security through more careful operation, especially the private key, which can never be disclosed to anyone,You also have to be very careful when opening a website. Carefully screen it if it is a phishing website.
The best thing you can do is to make your crypto transactions from a computer you never use otherwise. If all the people want to trust hardware wallets, especially if they are transacting actively all the days, they have to remember they are a black-box that they don’t know what vulnerabilities they have.
still possible to be hacked in some way with a phishing site or a physically installed virus and such, while a hardware wallet can be plugged in to the worst virus computer in the world with no risk involved.
So, The best wallet with a good encryption can be hacked? You can advice me for a tips about the wallets!! 10x
If you break it, it's gone... So you can't trust hardware wallets for 100%. Put it in a safe and you're getting close to 100%.
wrong.
trezor/nano use a list of seed words to create the wallet. if the device is lost/breaks you put the seed words in a compatible wallet, everything is restored.
lookup "BIP39" i think thats the protocol they use.
If you break it, it's gone... So you can't trust hardware wallets for 100%. Put it in a safe and you're getting close to 100%.
100%? Not even hardware wallets guarantee safe storage for your Bitcoin or other cryptocurrencies, some wallets are not even safe to be bought especially the ones that are 2nd hand and the ones that don't directly come from retailers. The attack is called the "Evil Maid Attack" the attack has the ability to retrieve your pin, recovery seed, and passphrases, this is common to tampered hardware wallets, the malware can also be put unknowingly to users even after they bought the hardware wallet, the hackers just needs to know where your hardware wallet is and they could easily put the malware. All the user has to do is to insert their hardware wallet to a pc with internet connection and the hacker will just strike at the right moment.
Whats your idea about this?
Are these hardware wallets 100% secured? Aren't they hackable?
Are these hardware wallets 100% secured? Aren't they hackable?
Of course we cannot fully put our 100% trust in these hardware wallets since these can still be tampered. I heard stories of hardware wallets bought online (other than from where it came from) that the owners felt they were tampered. So best is to buy them from the factory and not from an online reseller.
When our seed is generated on our hardware wallet, are these hardware wallet companies keep a backup of our seed on their servers?
They don't, so the responsibility of protecting them is solely yours. Good luck in not losing them.
I had no problems with such wallets. But in any case, I keep them on a flash drive and not on the computer.
trezor one is completely open source, including the code, hardware and schematic. you can build one yourself if you want. just need to trust the chip maker that the chip used has no back door in it.
nano s has proprietary code due to the security chip (chip maker will not give data unless NDA signed). so take that as you will.
for coins that trezor/nano do not support, many coins have paper wallet generators. hopefully open source.
or as suggested up stream use a computer thats NEVER online to sign transactions.
myself, i trust my trezors pretty much 100%. had one for a couple years, never a problem with it. just secure your seeds well, and use a passphrase on top of it.
nano s has proprietary code due to the security chip (chip maker will not give data unless NDA signed). so take that as you will.
for coins that trezor/nano do not support, many coins have paper wallet generators. hopefully open source.
or as suggested up stream use a computer thats NEVER online to sign transactions.
myself, i trust my trezors pretty much 100%. had one for a couple years, never a problem with it. just secure your seeds well, and use a passphrase on top of it.
A true bitcoiner is wise, storing crypto is not juat in one place means the more you have it the more wallets you must have so that there would be a division to some of it and it is the wisest thing you will make, i might say that in a 100 % security hardware wallets has 80-85 % of secureness.
The best thing you can do is to make your crypto transactions from a computer you never use otherwise. If all the people want to trust hardware wallets, especially if they are transacting actively all the days, they have to remember they are a black-box that they don’t know what vulnerabilities they have.
still possible to be hacked in some way with a phishing site or a physically installed virus and such, while a hardware wallet can be plugged in to the worst virus computer in the world with no risk involved.
The best thing you can do is to make your crypto transactions from a computer you never use otherwise. If all the people want to trust hardware wallets, especially if they are transacting actively all the days, they have to remember they are a black-box that they don’t know what vulnerabilities they have.
Even if you have a hard wallet, but also consider where to put him is the safest. And now the hard wallet cannot store all types of tokens.
First off, nothing is 100% secure and unhackable.
Some hardware wallets like the Ledger Nano S are open source(idk about Trezor), so people will know if they do some shady stuff. and no, they don't keep a backup of our seed on their servers. Hardware wallets aren't 100% secure, but it's one of the most secure options out there(along with paper wallets, but only if made in a secure manner).
Some hardware wallets like the Ledger Nano S are open source(idk about Trezor), so people will know if they do some shady stuff. and no, they don't keep a backup of our seed on their servers. Hardware wallets aren't 100% secure, but it's one of the most secure options out there(along with paper wallets, but only if made in a secure manner).
Please add air gapped cold wallets to the "safe" list. These are machines (PC, laptop, Raspberry Pi, ..) that have the wallet on them and will never go online. They are used only to sign transactions. It's the safest approach I've read of if you also want to spend Bitcoin.
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