Topic: I have a Trezor of the first version. (Read 96 times)
Thank you all for the replies guys. I'm closing the thread!
Wasn't aware of how the passphrase thing works on Trezor devices : basically is like adding another word to the seed and therefore creating a new wallet?
That's right, and that means that the seed in itself is worthless without a passphrase, and even though it may cause confusion for some, when it comes to Trezor, I would recommend everyone to familiarize themselves with that option and use it.
Anyway considering recent ledger mess up, even if it's a bit offtopic, would you be so kind to share what you consider being better solutions?
The only storage that can be considered safe if done correctly is airgapped cold storage, and anyone with an old laptop/PC can do it. As for ready-made solutions, most agree that there is currently only one hardware wallet that makes sense to buy -> Foundation Devices 'Passport Batch 2' hardware wallet review
Wasn't aware of how the passphrase thing works on Trezor devices : basically is like adding another word to the seed and therefore creating a new wallet?
Exactly. With the passphrase, new keys and addresses are generated Anyway considering recent ledger mess up, even if it's a bit offtopic, would you be so kind to share what you consider being better solutions?
For bitcoin, wallets on airgapped devicen is better. If not spending the coin for a long time, you can use a paper wallet too. But wallet on airgapped devices, you can have a watch-only wallet too which is optional but can make broadcasting transaction easy. 
Regarding the security of the Model One compared to the Model T, I don't think there is any significant difference - and both models have a vulnerability that allows the device to be hacked if someone comes into its physical possession. Of course there is a way for users to protect themselves by setting up passphrase, which should again be composed of random characters, and if I remember correctly, someone mentioned even 30+ characters for absolute security.
I think you can be pretty safe if you buy BTC and store them in that HW, although there are always some better solutions.
I think you can be pretty safe if you buy BTC and store them in that HW, although there are always some better solutions.
Wasn't aware of how the passphrase thing works on Trezor devices : basically is like adding another word to the seed and therefore creating a new wallet?
Anyway considering recent ledger mess up, even if it's a bit offtopic, would you be so kind to share what you consider being better solutions?
It is included in the link that Lucius included up there, but it is still worth mentioning that if you lose your passphrase, it is like you lose your seed phrase too, because the passphrase is needed just like the seed phrase, to recover your coins if the wallet is lost.
It is also worth knowing that you should backup your seed phrase and passphrase differently in different locations.
It is also worth knowing that you should backup your seed phrase and passphrase differently in different locations.
Regarding the security of the Model One compared to the Model T, I don't think there is any significant difference - and both models have a vulnerability that allows the device to be hacked if someone comes into its physical possession. Of course there is a way for users to protect themselves by setting up passphrase, which should again be composed of random characters, and if I remember correctly, someone mentioned even 30+ characters for absolute security.
I think you can be pretty safe if you buy BTC and store them in that HW, although there are always some better solutions.
I think you can be pretty safe if you buy BTC and store them in that HW, although there are always some better solutions.
Is it safe to store bitcoins in Trezor 1 model?
Yes, it is safe. You can even still buy Trezor model one on Trezor official site. But make sure that you are updating the firmware and everything you are using with it, like Trezor Suite or Electrum.
Hello, I have a Trezor of the first version.
I want to buy some bitcoins but I see that this company has newer versions of cold wallets.
Is it safe to store bitcoins in Trezor 1 model?
I want to buy some bitcoins but I see that this company has newer versions of cold wallets.
Is it safe to store bitcoins in Trezor 1 model?
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