How much would you trust trezor? - page 2.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: prodigy8 on January 14, 2016, 06:16:33 PM

Quote from: BitcoinNewsMagazine on January 14, 2016, 01:43:14 AM

Quote from: USB-S on December 22, 2015, 11:57:38 AM

I got my trezor wallet today and I must say, I'm quite impressed so far. You could pretty much generate as many wallets from the seeds as you like(correct me if I'm wrong). And upon spending, it automatically sends the funds to a new address. The build quality could be better, as my trezor has something loose inside it(you can hear the rattling noise, when you shake it around). Also it's really light and has a pretty plastic feel to it. But overall having a peace of mind when I sleep, knowing that my coins are safe is definitely worth BTC0.23.

/forgot to add, that the I like the labeling feature as well.

If you carry your Trezor with you to use with Mycelium on Android you will appreciate the light weight. Also Trezor works perfectly with Mycelium, no problems at all. I tell friends who get a Trezor to consider it disposable and buy a back up in case you lose or break it and have to restore from seed.

I got a KeepKey to compare with Trezor and it is very pretty, easy to set up, but does not have the passphrase protection that Trezor has, at least on the Chrome extension. KeepKey is supposed to work with GreenBits on Android but after trying all evening I gave up and wrote support.

Considering using Mycelium with trezor or with few other wallet seems a good idea to me as we can us it as a cold and hot wallet at the same time, i have read some review from you but i am a bit surprised about other hardware wallet like ledger nano which has not the security level like keepkey.

KeepKey has its own quirks as well. Currently it does not work with a wallet on Android and you can not use passphrase protection for your seed with the Chrome App. Well, using a passphrase is important to me. Should someone manage to get my Trezor seed it is worthless without the passphrase. I think the KeepKey designers are trying to keep it as user friendly as possible for new users.

It is possible to passphrase protect accounts using KeepKey but you have to use Electrum instead, and it is a bit of a chore installing the Python dependencies you need on Windows. You can check out the instructions here.

In contrast to KeepKey multiple passphrase protected accounts are a snap to set up on myTrezor.com and you can use those same accounts on Mycelium on Android. The user manual for Trezor is much better than the documentation provided by KeepKey. I think they just need some time to add better user documentation to the KeepKey site.

I am still working with KeepKey to enable phone integration, there apparently is a problem with GreenAddress they are working on and I will update my hardware wallet review as I am able.

prodigy8

hero member

Activity: 532

Merit: 500

Quote from: BitcoinNewsMagazine on January 14, 2016, 01:43:14 AM

Quote from: USB-S on December 22, 2015, 11:57:38 AM

I got my trezor wallet today and I must say, I'm quite impressed so far. You could pretty much generate as many wallets from the seeds as you like(correct me if I'm wrong). And upon spending, it automatically sends the funds to a new address. The build quality could be better, as my trezor has something loose inside it(you can hear the rattling noise, when you shake it around). Also it's really light and has a pretty plastic feel to it. But overall having a peace of mind when I sleep, knowing that my coins are safe is definitely worth BTC0.23.

/forgot to add, that the I like the labeling feature as well.

If you carry your Trezor with you to use with Mycelium on Android you will appreciate the light weight. Also Trezor works perfectly with Mycelium, no problems at all. I tell friends who get a Trezor to consider it disposable and buy a back up in case you lose or break it and have to restore from seed.

I got a KeepKey to compare with Trezor and it is very pretty, easy to set up, but does not have the passphrase protection that Trezor has, at least on the Chrome extension. KeepKey is supposed to work with GreenBits on Android but after trying all evening I gave up and wrote support.

Considering using Mycelium with trezor or with few other wallet seems a good idea to me as we can us it as a cold and hot wallet at the same time, i have read some review from you but i am a bit surprised about other hardware wallet like ledger nano which has not the security level like keepkey.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: USB-S on December 22, 2015, 11:57:38 AM

I got my trezor wallet today and I must say, I'm quite impressed so far. You could pretty much generate as many wallets from the seeds as you like(correct me if I'm wrong). And upon spending, it automatically sends the funds to a new address. The build quality could be better, as my trezor has something loose inside it(you can hear the rattling noise, when you shake it around). Also it's really light and has a pretty plastic feel to it. But overall having a peace of mind when I sleep, knowing that my coins are safe is definitely worth BTC0.23.

/forgot to add, that the I like the labeling feature as well.

If you carry your Trezor with you to use with Mycelium on Android you will appreciate the light weight. Also Trezor works perfectly with Mycelium, no problems at all. I tell friends who get a Trezor to consider it disposable and buy a back up in case you lose or break it and have to restore from seed.

I got a KeepKey to compare with Trezor and it is very pretty, easy to set up, but does not have the passphrase protection that Trezor has, at least on the Chrome extension. KeepKey is supposed to work with GreenBits on Android but after trying all evening I gave up and wrote support.

CoinPro*

newbie

Activity: 36

Merit: 0

I wish I had the Trezor about three months ago when I thought I lost about $10K worth of coins, sending them to a wrong address, ha! Luckily, it was a dormant wallet # I owned/forgot about, that I sent the coins to by accident. Had it not been, I would have been VERY upset with myself Tongue

Been using for about a month now (thank you shadow

), and I am starting to see more benefits than I expected.

After hearing from a client how he got his coins stolen from a script/virus that automatically changed his clipboard, and he sent his coins to a scumbag, I am glad to have my trezor. There is a two-step process when sending coins which forces you to make sure all of your "i's are dotted/t's are crossed" before sending. I don't have the brain of a robot, and could possibly be distracted by a few outside influences sometimes, so its a nice option to have on the Trezor. If you are sending large amounts of coin in single transactions, the Trezor is a great option.

I see some comments with people concerned about the price. It would pay for itself the first time you could have potentially lost $100 worth of coins. Just say'n Wink

Bitcoinbro

sr. member

Activity: 420

Merit: 250

I don't have one but I have yet to hear a negative thing about it. I'm kinda holding off because I'm afraid that if and when I get one, all these issues will start to come out.
If there's still no negative news about trezor I will get one mid 2016 probably.

USB-S

sr. member

Activity: 574

Merit: 250

In XEM we trust

I got my trezor wallet today and I must say, I'm quite impressed so far. You could pretty much generate as many wallets from the seeds as you like(correct me if I'm wrong). And upon spending, it automatically sends the funds to a new address. The build quality could be better, as my trezor has something loose inside it(you can hear the rattling noise, when you shake it around). Also it's really light and has a pretty plastic feel to it. But overall having a peace of mind when I sleep, knowing that my coins are safe is definitely worth BTC0.23.

/forgot to add, that the I like the labeling feature as well.

Oscoda

full member

Activity: 224

Merit: 100

Trezor is just fine to have if you want to hold your money.
For me I don't use trezor because I don't need it. I also don't have that many bitcoins.
Trezor is good when you have a lot and don't want to lose it for some hacker.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: BitcoinNewsMagazine on December 21, 2015, 10:12:21 AM

Quote from: knightkon on December 21, 2015, 08:33:07 AM

I am sorry, but I do not see the point in wasting all the money on tenzor. It is secure and i agree with the reviews here, but there is a cheaper way that is just as secure as wasting all this money. Maybe down the line where the attacks on Bitcoin are more common and there are new methods of stealing it, trezor may be worth the investment, but not a this time.

Attacks are already common. Have your bitcoin stolen by malware and you would change your mind right quick. If you can live without the screen Ledger sells the HW.1 for less than $20 shipped.

Most people don't have enough Bitcoins to justify investing in a Trezor because they think, "I would be able to buy BTC instead of this thing".
If you know what you are doing, you shouldn't fear any hacks, just don't install anything from a pirated source which usually include malware, and even then, most alarms from keygens and cracks are false positives.

jt byte

hero member

Activity: 994

Merit: 500

Quote from: knightkon on December 21, 2015, 08:33:07 AM

I am sorry, but I do not see the point in wasting all the money on tenzor. It is secure and i agree with the reviews here, but there is a cheaper way that is just as secure as wasting all this money. Maybe down the line where the attacks on Bitcoin are more common and there are new methods of stealing it, trezor may be worth the investment, but not a this time.

Why is it a waste of money when you will just buy in for 90 dollars that is kinda good price for this kind of gadgets.
This TREZOR is good when you are going to just hold 50 or more bitcoin. The only when is waste of money when you have less than 5 bitcoins.

HappyComplex

newbie

Activity: 27

Merit: 0

Quote from: knightkon on December 21, 2015, 08:33:07 AM

I am sorry, but I do not see the point in wasting all the money on tenzor. It is secure and i agree with the reviews here, but there is a cheaper way that is just as secure as wasting all this money. Maybe down the line where the attacks on Bitcoin are more common and there are new methods of stealing it, trezor may be worth the investment, but not a this time.

When you say there is a cheaper way, I am skeptical.

The do-it-yourself method of securely storing and spending your coins involves hours of your time and buying a new laptop which never touches the internet.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: knightkon on December 21, 2015, 08:33:07 AM

I am sorry, but I do not see the point in wasting all the money on tenzor. It is secure and i agree with the reviews here, but there is a cheaper way that is just as secure as wasting all this money. Maybe down the line where the attacks on Bitcoin are more common and there are new methods of stealing it, trezor may be worth the investment, but not a this time.

Attacks are already common. Have your bitcoin stolen by malware and you would change your mind right quick. If you can live without the screen Ledger sells the HW.1 for less than $20 shipped.

knightkon

hero member

Activity: 588

Merit: 500

I am sorry, but I do not see the point in wasting all the money on tenzor. It is secure and i agree with the reviews here, but there is a cheaper way that is just as secure as wasting all this money. Maybe down the line where the attacks on Bitcoin are more common and there are new methods of stealing it, trezor may be worth the investment, but not a this time.

Cuidler

sr. member

Activity: 294

Merit: 250

Quote from: BitcoinNewsMagazine on December 15, 2015, 10:49:55 AM

Quote from: tobacco123 on December 15, 2015, 10:06:16 AM

Quote from: bearex on December 15, 2015, 08:07:10 AM

If i had a really big ammount of BTC, i would consider a paper wallet. It is the safest because it is isolated from the computer-world. But you should be ok with trezor, it is very secure and cant "scam" you.

Totally agree with you. A properly printed and store paper wallet will do the job.
I am not sure how durable is Trezor. I have some old handphones with the LCD screen burned/melted after using for many years... How about the ones used by Trezor???

Durability is over rated. The Trezor is sturdy enough. Buy a spare in case you trash or lose yours, all you need to do is restore from seed. Realize that the 24 word seed is your bitcoin stash, that is what you seriously protect. Consider the plastic device to be disposable. There are too many stories around about folks spending from paper wallets and losing their bitcoin. Anyone can use a Trezor and after reading the manual not cock it up. Paper wallets should be reserved for bitcoin veterans who understand the limitations.

Your right spending from paper wallet is the weak point where you can loose the Bitcoins, but for those dont having stored at least few Bitcoins, Trezor is not much option because of the price. It is implemented in trezor the ability to put private key from paper wallet to make it secure to redeem old paper wallets ?

StevenS

full member

Activity: 206

Merit: 100

You can't do a Trezor upgrade without knowing about it, because the (current) firmware asks you on the little display and requires you to press one of the buttons to proceed. They probably will keep the interface backwards compatible, so if you're not trusting the web site, you can likely go without ever upgrading it.

Personally, I use my Trezor with Mycelium on Android, and as far as I know, it doesn't have the ability to upgrade the Trezor.

Assuming there are no back doors on the Trezor, the security is very similar to what you can achieve with a stack of paper wallets, and an off-line computer, but much more convenient. To get similar security with paper wallets, you would spend from one paper wallet, putting the change in another paper wallet, and you would have to do this with a trusted application. (Once the transaction was done, and verified, the application would not need to be trusted until the next spend.)

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: RealBitcoin on December 16, 2015, 12:19:45 PM

The vulnerability of trezor is social engineering / potential inside job.

I`ve watched their security documentation, and it blows my mind that they download updates into the trezor device constantly. This is a huge attack vector.

Banks have faraday shielded bunker server rooms, where they keep the digital money. Trezor has a good offline security, but it mixes it with careless online patch downloads.

Yes the patches are signed by their key, but all it takes is a social engineering attack or an inside job to get hold of those and then millions of people will be exposed to bitcoin theft risk.

I might trust trezor's device, because if I buy it now, and later some error gets figured out, then I can quickly buy a new one, and if it turns out its safe then time will test it.

But if it constantly downloads updates to it, then the risk of theft is gigantic.

Sorry this is the main reason I dont use hardware wallets

You obviously do not own a Trezor. They have not done a firmware update in five months. The latest 1.3.4 firmware was released back in August. Anyone concerned about security of firmware updates can browse https://doc.satoshilabs.com/trezor-faq/threats.html and https://doc.satoshilabs.com/trezor-user/updatingfirmware.html

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

The vulnerability of trezor is social engineering / potential inside job.

I`ve watched their security documentation, and it blows my mind that they download updates into the trezor device constantly. This is a huge attack vector.

Banks have faraday shielded bunker server rooms, where they keep the digital money. Trezor has a good offline security, but it mixes it with careless online patch downloads.

Yes the patches are signed by their key, but all it takes is a social engineering attack or an inside job to get hold of those and then millions of people will be exposed to bitcoin theft risk.

I might trust trezor's device, because if I buy it now, and later some error gets figured out, then I can quickly buy a new one, and if it turns out its safe then time will test it.

But if it constantly downloads updates to it, then the risk of theft is gigantic.

Sorry this is the main reason I dont use hardware wallets

NorrisK

legendary

Activity: 1946

Merit: 1007

Quote from: bitcoin-hunter on December 15, 2015, 04:00:05 PM

You can trust trezor, because they are some good reviews of it and people also said there experience and they don't have that much complain.
Is better than paper wallet when it goes to fire or whatter your bitcoin is just gone.

Good reviews does not mean You can trust them by definition.. The thing is, trezor Will never ever have acces to your seed or private keys for that matter and thats why It is ok to trust them.

Im seriously thinking about getting one lately, just deels better Than paper somehow. Also the security It provides with regards to protecting your private keys are sublime.

erre

legendary

Activity: 1666

Merit: 1205

Paper is fine, and you can easily make it fire and water proof

bitcoin-hunter

sr. member

Activity: 364

Merit: 250

You can trust trezor, because they are some good reviews of it and people also said there experience and they don't have that much complain.
Is better than paper wallet when it goes to fire or whatter your bitcoin is just gone.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: tobacco123 on December 15, 2015, 10:06:16 AM

Quote from: bearex on December 15, 2015, 08:07:10 AM

If i had a really big ammount of BTC, i would consider a paper wallet. It is the safest because it is isolated from the computer-world. But you should be ok with trezor, it is very secure and cant "scam" you.

Totally agree with you. A properly printed and store paper wallet will do the job.
I am not sure how durable is Trezor. I have some old handphones with the LCD screen burned/melted after using for many years... How about the ones used by Trezor???

Durability is over rated. The Trezor is sturdy enough. Buy a spare in case you trash or lose yours, all you need to do is restore from seed. Realize that the 24 word seed is your bitcoin stash, that is what you seriously protect. Consider the plastic device to be disposable. There are too many stories around about folks spending from paper wallets and losing their bitcoin. Anyone can use a Trezor and after reading the manual not cock it up. Paper wallets should be reserved for bitcoin veterans who understand the limitations.

Topic: How much would you trust trezor? - page 2. (Read 10232 times)