Is Hardware wallet really secure enough? - page 2.

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Quote from: cahbagus555 on March 08, 2020, 12:27:33 AM

Many people say that hardware is safer because it is not connected to the internet but in my opinion, mobile wallet is also quite safe as long as we don't share seed words with others and we protect them with a password.

This is horrible advice. Anything connected to the internet is never considered safe, especially your crypto.

There are many malwares on many smart phones, especially Android devices. There could be some virus, which could trace your keywords on your phone and when you unlock your mobile wallet, it can send the funds to the hackers address. Or it can install some type of clipboard virus or QR code virus which automatically changes the address that you send your coins too. Your phone is always communicating with the outside world, because its made to do that, however you have no idea what info it sends to which parties. Don't keep any crypto, especially large sums on a mobile device. Either use Electrum/Armoury in cold storage or just get a hardware wallet.

Crypto_lion

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Don't worry man . The safest way to go to store the crypto currency is by using hardware wallet. Using hardware wallet means that people can't access without physical access of the wallet. But be careful make sure that you save the private key in a safe place and save a copy in a different location.

cahbagus555

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Many people say that hardware is safer because it is not connected to the internet but in my opinion, mobile wallet is also quite safe as long as we don't share seed words with others and we protect them with a password.

MOProgress

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From my personal experience, Hardware wallets are even more secure than online wallets, they are not easy to be accessed by thirdparty, unless you grant them access.

SaidNurs

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Seeing that incident, when a domppet is easily hacked to be hacked and then takes the entire contents of the wallet, of course everyone does not want to want it, and I think it is a candidate for an insecure wallet.

Coin-Keeper

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This was a long read. Good stuff though. I don't worry about the BTC or BCH on my Trezor(s) because I have long BIP 39 passwords. Where I do have concerns, and remember this is the AltCoin forum, is when using a hardware wallet with Monero or some coin that doesn't have BIP protections. The notion that someone could gain physical access to my hardware stick and then capture the seed is scary. The reality is that the hardware wallet hack is for SURE true, but it involves some super high level skills to pull it off. If my Trezor's got stolen/lost I would immediately move the Alt Coins and hopefully before someone could capture the SEED inside.

Back in the day I used paper wallets often. For long term storage they may make sense. For coins that are fluid/ready to be deployed in a few moments notice paper sucks, it just does.

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Quote from: Tduty on February 10, 2020, 09:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

Any wallet that you decide to make use of usually have their pros and cons. You’re not lying about the Trezor wallet being hacked in 15 minutes, I have seen some people having this same concern about hardware wallets. Maybe like the first comment said, paper wallets are the best wallets there is, but there are still some risks that are involved in making use of paper wallets, unless you’re going to secure them properly.

There are also some other wallets that stores your coins on a debit card or metal. I don’t really have the time for all these, I just make use of any wallet I want and I mostly make use of mobile wallets. My coins are not stored in one wallet, I separate them and they are on different devices.

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Quote from: Tduty on February 10, 2020, 09:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

Well, it seems that there is a faulty in the part of the owner of the hardware wallet for he have carelessly mishandled his hardware wallet making the hacker have a physical access on the hardware wallet itself. It is really impossible on my thought for a hacker to do have an access to a hardware waller unless he have a physical access on it. Compared to online wallets, hardware wallets do provide tough security because your cryptocurrency coins are out of the online world where most hackers can possibly do have an access to your account even without your notice or permission. So I think the fault is really into the holder or owner of the hardware wallet that is why hacker have an access into his assets. Although hardware wallets like Trezor do provide security for your cryptocurrencies still it is in need for the holder to be responsible enough on handling or taking good care of his hardware wallet to be able not to make hackers do have an access on it.

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Quote from: Psalms23 on February 18, 2020, 08:08:16 PM

I think that hardware wallet is still more secure than other wallets out there. The only problem is your maintenance of your hardware, aside from that, you dont have to worrry about anything else.

Obviously, a hardware wallet is very safe compared to other software wallets, and basically all wallets must be kept properly, so that the assets in the wallet can be completely safe from other people's attacks.

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Quote from: gandame on February 18, 2020, 10:15:54 PM

Quote from: flagpara on February 18, 2020, 07:58:08 PM

Quote from: Tduty on February 10, 2020, 09:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

This could be very very rare case in cryptocurrency. Hardware wallet is always safe than any other wallet. Or I think this could be misunderstood or fake news. Don't need to worry, they have very strong security to protect wallet. But I can't suggest to anyone to hate this hardware wallet.

It is just a misunderstanding.
Please see below medium article to know that there is no victim of hacking in Trezor within 15 minutes.
https://medium.com/the-capital/trezor-hardware-wallet-hacked-in-15-min-and-75-e3c23ced166
This is about how they have found a way to extract seed phrases from Trezor One and Trezor Model T hardware crypto wallets.
It is stated that it only requires 15 minutes of physical access to do the method.

Please take note of the word "Physical access" - means that as long as your Trezor is in safe hands, your wallet is safe. No matter what the hacker does, even if they tried to follow this method, there is no slightest possibility to succeed if they don't have physical access to your Trezor.

Trezor or Ledger (funds gone) both have been compromised.

Here have full physical access to the proper hardware wallet. As long as password is 7 or more character you want gain access no matter what.

ufaiz50

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Quote from: Tduty on February 10, 2020, 09:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

How can they get hacked? I have not read this information. As far as I think that in terms of online security from a hardware wallet hacker is the safest considering that the only weakness lies in the tool or the hardware itself, because it is prone to being stolen or anything that causes the hardware to be damaged and cannot be used

gandame

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Quote from: flagpara on February 18, 2020, 07:58:08 PM

Quote from: Tduty on February 10, 2020, 09:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

This could be very very rare case in cryptocurrency. Hardware wallet is always safe than any other wallet. Or I think this could be misunderstood or fake news. Don't need to worry, they have very strong security to protect wallet. But I can't suggest to anyone to hate this hardware wallet.

It is just a misunderstanding.
Please see below medium article to know that there is no victim of hacking in Trezor within 15 minutes.
https://medium.com/the-capital/trezor-hardware-wallet-hacked-in-15-min-and-75-e3c23ced166
This is about how they have found a way to extract seed phrases from Trezor One and Trezor Model T hardware crypto wallets.
It is stated that it only requires 15 minutes of physical access to do the method.

Please take note of the word "Physical access" - means that as long as your Trezor is in safe hands, your wallet is safe. No matter what the hacker does, even if they tried to follow this method, there is no slightest possibility to succeed if they don't have physical access to your Trezor.

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Quote from: Tduty on February 10, 2020, 09:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

I think that hardware wallet is still more secure than other wallets out there. The only problem is your maintenance of your hardware, aside from that, you dont have to worrry about anything else.

flagpara

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Quote from: Tduty on February 10, 2020, 09:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

This could be very very rare case in cryptocurrency. Hardware wallet is always safe than any other wallet. Or I think this could be misunderstood or fake news. Don't need to worry, they have very strong security to protect wallet. But I can't suggest to anyone to hate this hardware wallet.

Andrews193

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Quote from: joinfree on February 17, 2020, 02:41:27 AM

Absolutely, hardware wallets are the best form of keeping your cryptocurrencies safe because hardware wallets store your private keys offline and this makes it highly impossible for anybody to access your funds from a remote area. I prefer to use the Ledger or Keepkey wallet other than Trezor though, maybe you should try that out as well.

The cold wallet always gets the approval as the best place to store assets in crypto but in general, it's not absolutely safe when we become the ones that will preserve our assets, say in a different angle, if we are not careful and losing these hardware wallets, the chance of complete asset loss is huge and irreversible. Even when it falls into the hands of technical professionals, they seem to have the tools to set up and encrypt all assets, so nothing is too safe, we should divide to eliminate unexpected risks

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I might believe some new hardware wallets can easily be hacked. But these known wallets have a better solution to protect their customer funds, yes, there's no 100% secure but they're all doing all means of security to strengthen their protection.

sulendra12

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I mean, it doesn't matter if it's hardware wallet or software/web wallet you are using, there are no safe system in this world. As the time being, even they have tight security they(hackers) will definitely find the bug to actually steal your money. We all know this, but since people are mostly "okay" with hardware wallet because they are expensive and it's hardware so they will just definitely believe it without researching first.

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Quote from: abeecrypto on February 17, 2020, 07:48:46 AM

Nothing is ever 100%. Especially security. Some wallets are just more secured than the other. Most importantly, the security of wallets is a factor of the user. In as much as users want wallets to be technically safe, it is more of their responsibility to make it safe. All the wallets have their ups and downsides. So, do users. Hardware wallets (or any other wallets) can be safer if users play their part in guarding against various levels of intrusions. It is not just about the wallets, it is also about how users use them.

That's right no wallet has the 100% when it comes to their security and it is kind of hard to maintain a 100 percentage of security over the wallet but the thing is it will help their wallet in terms of security when the users will be more careful also when it comes to their own wallet and etc. Hardware wallet like ledger is secured enough and I can say that this is good wallet but the use of it is quite good also to be secured your wallet.

abeecrypto

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Nothing is ever 100%. Especially security. Some wallets are just more secured than the other. Most importantly, the security of wallets is a factor of the user. In as much as users want wallets to be technically safe, it is more of their responsibility to make it safe. All the wallets have their ups and downsides. So, do users. Hardware wallets (or any other wallets) can be safer if users play their part in guarding against various levels of intrusions. It is not just about the wallets, it is also about how users use them.

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Quote from: mahilchii on February 16, 2020, 01:37:51 PM

In my opinion hardware wallet are typically safe, they are safe if it is used properly. On the other hand it never expose the private keys during transactions, we should have to confuse ourself when it comes to security like how good it is. Until and unless password protection is secured then there is no need to worry.

Everything is as safe as the behavior of the person using it. Bitcoin itself is safe, it is built to be safe from hacking. But it does not matter if you are using a software wallet or a hardware one,,, if someone has access, they will and they can take your bitcoin. Securing your passwords is also pointless if you do not even understand PIN PW and PRIVATE KEYS,,, like Schiff:)

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