How Long Does Physical BTC Wallets last? - page 2.

Frank Alister

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Quote from: ridery99 on May 27, 2017, 03:34:12 AM

I have few USB flash drives which have 'died'. Is there any estimation how long those current hardware wallets on the market, for example trezor or ledger nano, will last?

If you can keep it safe from fire and water (moisture), it can last for many years. I have a trezor wallet for over a year now and nothing happened to it because I keep it safe from bumps
In addition having the seed stored away helps me sleep tight at night Wink

stompix

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Blackjack.fun

If you're talking about "physical' then you shouldn't mention usb stick.
But this kind of wallet:

http://cryptosteel.com/
or
https://bitkee.com/

will probably outlive you

.

infer

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Quote from: ridery99 on May 27, 2017, 03:34:12 AM

I have few USB flash drives which have 'died'. Is there any estimation how long those current hardware wallets on the market, for example trezor or ledger nano, will last?

well, I think it is about 5 to 10 years if you are a good person who know how to keep every safe and sound. YOu can renew if you want

Kprawn

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Flash drives can last up to 10 years, flash memory doesn't usually degrade because of its age, but rather because of the number of write cycles,

which means the more you delete and write new information, the more quickly the memory in the device will start to degrade. As someone has

mentioned, the seed that are provided with each Trezor will enable you to "restore" the wallet, if something goes wrong with the physical

device. Tongue

Zadicar

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Quote from: ridery99 on May 27, 2017, 03:34:12 AM

I have few USB flash drives which have 'died'. Is there any estimation how long those current hardware wallets on the market, for example trezor or ledger nano, will last?

We cant say and no one knows on how far or long those physical wallets would last but same as mentioned above it doesnt really matter at all as long you do have the seed and the keys which are important if theres something happen to those bitcoin stored on those wallet and buying a wallet isnt too expensive considering on the amount you are storing for sure

franklin9

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Generally as good as the hardware it is made from, I guess 4-5 years should be the number for a high-quality trezor... Even with hardware wallets, keeping private keys in an absolutely safe area (even if hard to reach) a must, to avoid hardware failure causing loss of BTC's.

Gumpfire

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Quote from: ridery99 on May 27, 2017, 03:34:12 AM

I have few USB flash drives which have 'died'. Is there any estimation how long those current hardware wallets on the market, for example trezor or ledger nano, will last?

Currently there's none since it's very encrypted. You just need to protect your private key so that you are not able to losse your balance in your hardware wallet.

Pursuer

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Where is my ring of blades...

when it comes to storing your bitcoins it is not a matter of how some type of storage will typically last. it is the question of how good can YOU protect it. I have 2 USB disks (USB 2.0) that are about 11 years old and they both work fine and I have my wallet on one of them without any problems.

also on top of that there is always the option of taking a backup. many wallets these days are HD wallets meaning they have a seed phrase which you can simply write down on piece of paper and store in a safe place, a safety deposit box in a bank for instance, and recover your bitcoins in case of losing the wallet.

GXHPP

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I've been using a ledger S for a while now (around a year or so) and I don't think it's close to dying anytime soon, on the other hand even good quality USB's last longer so the issue with your USB's is mostly the brand and poor manufacturing or poor storage conditions.

DoublerHunter

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They will last for a long time as long as you are taking care of them and you are treating them right. If you have physical bitcoin wallets like trezor, ledger and keep key or anything kind of physical wallet then you just need to keep them in a safe place that is away from dangerous elements like water and fire that can break them.

Nagadota

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Quote from: ridery99 on May 27, 2017, 03:45:25 AM

Quote from: Nagadota on May 27, 2017, 03:42:59 AM

It's hard to tell how long they'll keep working for, but it doesn't matter. You get a seed which you can use to recover your Bitcoin on another TREZOR or on any compatible wallet (including Electrum for example), so hardware failure shouldn't be a problem.

Even if the TREZOR broke once a year, $100 in Bitcoin per year wouldn't be a problem.

Ok, so I can't really lose my coins if I use hardware wallets.

Obviously it's a new technology and there might be unknown ways of getting around their security (plus if someone steals your seed they have your coins, unless you use a passphrase).

As long as you don't ignore any other privacy measures after getting one, you're pretty safe.

ridery99

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Quote from: Nagadota on May 27, 2017, 03:42:59 AM

It's hard to tell how long they'll keep working for, but it doesn't matter. You get a seed which you can use to recover your Bitcoin on another TREZOR or on any compatible wallet (including Electrum for example), so hardware failure shouldn't be a problem.

Even if the TREZOR broke once a year, $100 in Bitcoin per year wouldn't be a problem.

Ok, so I can't really lose my coins if I use hardware wallets.

Nagadota

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It's hard to tell how long they'll keep working for, but it doesn't matter. You get a seed which you can use to recover your Bitcoin on another TREZOR or on any compatible wallet (including Electrum for example), so hardware failure shouldn't be a problem.

Even if the TREZOR broke once a year, $100 in Bitcoin per year wouldn't be a problem.

ridery99

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I have few USB flash drives which have 'died'. Is there any estimation how long those current hardware wallets on the market, for example trezor or ledger nano, will last?

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