Topic: How good is trezzor wallet (Read 4259 times)

Actually i have never tried it before, Blockchain is the best for me.

That's good. Not so long ago Bitcoin insurance was a touchy subject, then Lloyds of London published their insurance guide for it and it seems the standard practices for Bitcoin insurance are being implemented.

To anyone else looking to get a Trezor, I put it in another thread but figure it might be helpful here too: Trezor is now down to $99 and the price for the DHL delivery is lowered too.

$99 is for the white and grey Trezor though, the black one is a touch more expensive. I'm guessing the colors white and grey are less popular for Trezor?

Fortunately, I live in the United States where bitcoin is considered property. I just e-mailed the insurance company also to confirm I'd be covered 


I didn't inquire about paper wallets, but I assume the same would hold true.

If you had that deposit box in Japan, then the insurance probably wouldn't pay out as Japanese law says a Bitcoin doesn't even exist and therefore you cannot be compensated for something that you didn't lose in the first place.

Bearing in mind all the new laws that are shifting around crypto, I wouldn't trust any insurance company to pay out. Insurance companies make their money with clauses and slide-rule identification at point of claim.

If they can find a law that means they don't have to pay out, they will.

they should drop it to 50 bucks, they would sell so much more, i would definitely buy one  over any other device at that price. seems like there just a bunch of tech savy guys that didnt hire a marketing dude.  i really do want one tho, not at this price when i have way cheaper options.

This is the thing for me as well the high price, I would hope the price would continue to come down a bit more. I have read the reviews and think it is a good idea, but the $120 price is a bit high, even if they have come down from $300+.

For me, I would think the trezor is best suited to carry 1-5 BTC around for easy of access with some piece of mine they are secure. For people with larger amounts of BTC to secure (10's or 100's+), I believe they would prefer to keep them in separate paper wallets for maximum security. I just cannot see trusting high amounts of BTC to a single wallet or device.

almost, but not quite.  the plastic ones were 1 btc.  the metal ones were 3 btc.

they're cheaper now!  those of us who pre-ordered paid a lot for our early trezors.  nowadays i think it was worth every penny of the $300 i paid.. even though at one point, i thought i had paid the equivalent of $3000 for my trezor. (3 btc at $1000/btc).

Trezor works very well with Mycelium. Actually the only safe way to use bitcoin from your phone. Also price is being reduced Monday August 10.

It doesn't matter if my safe deposit box is robbed, that's what the insurance policy is for. I make a claim and get my money back. It's much safer to keep your paper wallets at a bank versus hiding them somewhere inside your house.


There's multiple projects on GitHub. Compile on an air gapped computer and you're completely safe.


Only the people who preordered got the aluminum trezors, it was a rip off imo they cost 1 BTC each

The best investment you can get to secure your Bitcoins. Really, nothing but the positives about the Trezor.
Only negative is the price, kind of steep but this also depends how many Bitcoins you have. In my opinion, anybody over 10 Bitcoins should have one. If you have 10 BTCs, at the current prices, this is only 4% to secure your investment.

As Trezor gets more used, I imagine the price will go down as well.

safe deposit box can be broken as well it's not they are immune to thieves, the big thing to have when you hold plenty of money isn't the security of it but the awareness of the people about it, in other word don't tell to anyone that you're holdin a big amount and you're safe

i've had been waiting for years for a good hard wallet solution. i waited a while to get a trezor just to see how others fared first. when they had their recent july 4th sale, i got one. it is a great little device and i feel good storing some keys on it. it is easy to use. the setup is laborious, but it is important and i appreciate the thoroughness. if this trial run goes as expected i'll likely get a few more for extra safety and for gifts for others with similar needs.

im looking forward to using it with mycelium too. anyone have any experience with that?  

CoinPayments uses Trezor as a passwordless login. Lets you basically have a multi wallet. Really wish more places would support these kinds of logins.

Also they offer $20 off if you're planning to buy one...

https://www.buytrezor.com/coinpayments/

Trezor is legit. The hardware is open-source so if you don't trust their manufacturing process, you can build one yourself or have someone you trust build one for you.

That's a horrible idea, what if your house is broken into and someone grabs your lockbox? you pry those things open in seconds with a crowbar

I honestly believe my methods are the safest possible:

I was wondering about the trezzor wallet as well. I have heard both good and bad things about it, but I do not have any personal experience with it myself. I am considering purchasing one, though I am not sure if I will.

for those that put all their trust in paper wallets, i believe you are taking much more risk than you think you are.

paper wallets are not any more safe than any other wallet and have some worrying attack vectors.  they require too much 'trust' on behalf of the non-technical user.  you have to trust that the paper wallet generator was written by someone with good intentions, and that the code hasn't been compromised since they wrote it.   and the average user isn't qualified to decide if thats the case.   Also, you get what you pay for.  if it was free you have no comeback - who do you complain to (or sue) if in the future someone steals your coins from a deliberately or accidentally weak bitcoin address?

imho, they're unsafe for the average person to use and are better if the person using them is extremely techie and has personally examined and understood the (open) source, compiled it themselves, and is using it on a computer not connected to the internet (ideally, ever)

for everyone else, i.e., most of us... you really cant be sure if you're running a good version or a hacked version of the paper wallet generator code.  And if you got it from a publicly available web site like bitaddress.org or any other paper wallet generator how do you know its not been compromised or weakened after the author wrote it?    you won't know if the seed generation was weakened so someone can brute-force the address at a later date ... you won't know if the web site you got the code from has been redirected via a dns or bgp hack to a rogue version of the code.   you don't and won't know til far in the future if your bitcoins are protected til you find out they're not.

then there's your own computer.  does it have malware on it, before you print out the paper wallet?  perhaps even afterwards.   even if the paper wallet you downloaded and printed out is good, if there's any spyware watching what you're doing on your computer - or if your printer is on a network, any other computer on your network could spy on your printouts... or even your printer could have malware in it.. many printers are internet connected these days... etc... basically, using paper wallets have lots of attack vectors and you need a LOT of trust to use them.

At least, with a commercially available wallet, either hardware or offline software, you've paid someone for the wallet so there is a person or company to kick and to know who made it and who takes responsibility for it.  whether its Trezor, Ledger, Armory, MultiBit, Electrum (or perhaps ChooseCase, that is both hardware, and multi sig).. at least there is someone behind those products that has a commercial responsibility and you know who they are and their work is being scrutinised by all at large, and in the case of hardware wallets, there are very few attack vectors once you trust the people who made them and the scrutiny of the open source... and the protocol for using offline wallets seems likely to be safer than randomly punching up a web address (like bitaddress.org) and printing out a paper wallet that 'the internet' has given you.  seems fraught with danger and has too many systemwide holes to be trusted.

paper wallets downloaded from the internet, and printed out on your own computer seem to be for very trusting people who are willing to take a big risk with their bitcoins.

 

I haven't bought one myself, but I know people who has, and they say it's very good. They're pretty expensive though, if you have alot of coins, I suggest you get it. It's the most secure way to store them.

Writing down your hd seed for a trezor is a damn sight easier than explaining to someone how to make a paper wallet.
Trezors are handy as a hot wallet as well, unlike paper wallets.

As far as the trezor firmware being malware, well ... i'm sure i'd rather trust that open source, reviewed code, than the closed source, probably unreviewed code run by your average website.

I already asked you to specify the vulnerabilities you think Trezor has. Is this the best you've got?

It's a pretty useless thing right now. With a trezor you still need to have a paper with seed.

With a paper wallet you also have a piece of paper.

For both you need a piece of paper to be safe, so apart from the other vulnerabilities we have heard about Trezor is just another thing to try to keep safe apart from the paper.

..

Also, a weakness of online wallets is that the people behind it might change the code to snatch the private keys etc... well, for Trezor there are the same issues... putting trust in some guys in Czech Republic..