Topic: Electrum Wallet Vs Nano Ledger S or Trezor (Read 218 times)

All your questions got answered in your other (identical ) thread here: https://bitcointalksearch.org/topic/m.25829472

Please don't start multiple threads asking the same questions... it will make things very confusing for everybody. It also means that anyone reading these threads later won't see potentially helpful information if it is spread across multiple threads instead of all the information being in one place.

I suggest you delete this thread (click the delete button on the first post)

The other thing i want to ask is this.  If you have electrum on your computer and keep bitcoin there, if you make your computer very secure... download bitlocker as i heard that is the name of the program.  If someone was to have access to your laptop, would they be able to hack your computer and take your bitcoin?


Because im thinking this.  As long as you secure your laptop with bitlocker, a hacker cannot have access to your computer and view it right?  Because they would need to know the password otherwise it wouldn't work?


So in essence, wouldn't this be close to as good as using a nano ledger or trezor as long as you dont click on fishy links or have malware on your computer.  But if your computer got malware or you click on fishy links where there is a trojan etc... if you use trezor or nano ledger, the hacker cannot take your bitcoin?  Is that true or false?

I have electrum and use that to store my bitcoin.  I like electrum because i used it for a while already and its simple.  I heard you should get a hardware wallet because that is the most secure thing you can get for storing your bitcoin etc but have questions.  Also to those of you here who use electrum to store bitcoin, do all of you not have a hardware wallet and thats the reason why you are using electrum?  I would also like to hear from people that first used electrum and then bought a nano ledger or a trezor and if they no longer use electrum anymore.



1.  Which is better?  The nano ledger s or the trezor?  Which is more easier to use?  I believe the trezor is a bit more expensive.  But in terms of someone using electrum, which one would be easier?  Or it should be either because electrum would be harder than both right?


2.  How do you transfer bitcoin from electrum to the nano ledger or trezor?  And if you do it, you should test it out with a very tiny amount first right just to make sure it goes through?  Then you send the rest?  Also if you put low sending fee, it takes longer for the btc to hit the nano ledgers s or trezor right?


3.  So the security thing is something im very curious about here.  With electrum, you are given a 12 word seed to restore your wallet in case.  But with nano ledger s, its 24 words? What about trezor?  Now here is one big issue here.  I watched videos on youtube about the ledger nano s and its mentioned that you are given a sheet where you are suppose to write down the 24 word seed on a sheet of paper.  First off, does everyone here write it down on that piece of paper?  And most importantly... where do you guys keep that piece of paper?  Because if someone were to get access to it, that means they can get all your bitcoin right?  Because if you leave it somewhere in your apartment, where would you even leave it?  So if someone got in your apartment and got that piece of paper, then your bitcoin are taken right?  So basically that sheet of paper is more important than the device itself right? 


So if someone was to have access to your trezor, ledger s and say your laptop, could they take your bitcoin or not?  I believe for nano ledger, you need to set a pin right?  So unless they have that pin, it won't work?
The issue with using electrum and keeping bitcoin there would be if someone stole your laptop or got access to your laptop and notice you have bitcoin wallet on your computer, couldn't they just install a trojan or malware and then take your bitcoin?  For example, i know there are bitcoin cash and gold wallets that are not real.  But the reason those ppl got their coins stolen was because they input their seed right?  However, i read cases where malware is enough?  So basically the trezor/nano ledger protects you against online hackers right?  So if your laptop got malware/virus... that would mean even if you have nano ledger or trezor, they cant get your bitcoin or they can?


4.  When you send from nano or trezor, do you set the fees?  Or is it the default fees?  So would it cost more sending btc from ledger to a site compared to electrum?  Electrum you could set the fees.


5.  I read cases where people had issues with their nano ledger or trezor such as it freezing or not working.  I read stories of people mentioning their bitcoin got stuck etc on their ledger or trezor.  Is this common or rare?  The thing is i want to get one but im sort of worried that something might go wrong with the device.  If something goes wrong with the device and/or malfunctions... what happens to your bitcoin then?   Would you need to get a new one?  If you dont get a new one, how do you restore your bitcoins then?  Also does nano ledger/trezor need to be used with a certain program?  Because if you send all your btc from electrum to ledger s or nano, then you basically need to connect it to your computer to do this and thats all right?


6.  What happens when there is a bitcoin fork then?