Is Hardware wallet really secure enough? - page 4.

Tash

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Quote from: suzanne5223 on February 10, 2020, 11:58:21 AM

Quote from: Tduty on February 10, 2020, 08:06:05 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?

To my knowledge, hardware wallet are the most secure wallet not to mention Trezor which is one of the most secure wallet in the crypto sphere and i believe human error was the reason the wallet hacked in 15minutes occurred.

Quote from: Tash on February 10, 2020, 08:12:46 AM

The securest to this day is the paper wallet in a fire save vault or engraved in steel plates like:
Cryptosteel
CRYPTOTAG
Blockplate
ColdTi
Billfodl
Crypto Key Stack
Crypto Keys
Cyphersafe
Steelwallet
Simbit
Quadrat Register
Cryptosteel Capsule

The same thing applied to all secure wallets if the right precautions are not taken the wallet will be hack.

Note : the new precaution for Trezor is never let anyone physical access ones wallet and setting BIP39 passphrase

It has been demonstrated that Trezor and Ledger have been hacked.
They certainly not fire proof, water will damage them, corrosion will also put an end to it, and so a blow with a hammer driver over it or electricity.
Never seen it demonstrated a private key with 7 or longer character password get hacked. None of the before mentioned will affect a steel plate.
Its debatable if Trezor and Ledger are even "hardware" wallets.

pacman7331

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I would prefer the Ledger hardware wallet over the Trezor. Hardware wallet won't be secure enough if you don't use it with cautions. Never ever take a picture of your house code, don't upload or share on online, write down on a paper and keep it in a secret place. Don't disclose the password and keep safe your hardware device. If you do these things perfectly then have a faith that hackers will fail to steal your money!

semobo

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Quote from: miklesm on February 15, 2020, 10:00:15 AM

The main danger when using any cryptocurrency wallet it the chance to loose your private key somehow - this might be phishing, comuter virus etc. Hardware wallet secures you from these kinds of attacks.

It offers better security over desktop and web wallets but as others said paper wallet is highly secured but its not durable so we have best security with hardware wallets.Even hardware wallets get physical damage in that case you can recover with recovery seeds so you have to keep them in a place where no one can access those keys if you want your cryptos assets to be safe...

Tash

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Quote from: larus on February 15, 2020, 07:10:53 AM

It depends from youor IQ and your balance. In gereal, they are safe enough

Well,no if true. You can not read the voltage of a paper wallet to this day the most secure wallet.
https://www.reddit.com/r/CryptoCurrency/comments/f352ur/ledger_backdoor_having_trouble_coming_up_with_any/

Quote

“Ledger will admit themselves a device that you physically lose can never be 100% bullet proof. Never. No matter how much you want it to be.

With physical access, the ability to open the case and spend as much time as you want, side channel attacks, RF attacks, etc can be used. There are literally exploit write-ups out right now showing Trezor and Ledger being "compromised" with physical access to the device.

Did you know someone could keylog your computer by reading the voltage difference your monitor outputs when you press a key? You can literally keylog an air gapped computer. Hackers are tricky people.

Btw if you don't know how something was made from the ground up and understand the inner workings of the entire product how can YOU claim it's secure? Because ledger told you so?”

miklesm

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The main danger when using any cryptocurrency wallet it the chance to loose your private key somehow - this might be phishing, comuter virus etc. Hardware wallet secures you from these kinds of attacks.

larus

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It depends from youor IQ and your balance. In gereal, they are safe enough

Ailmand

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The only way a hardware wallet can be hacked is if someone has your seed phrase or your private key. Among all wallets, it is considered the most secure since you are the only one who has access to your private key. Keeping your seed phrase offline is the safest way, never put it online.

Pecunia non olet

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The most vulnerable thing on hardware wallets is the paper recovery sheet, many people do not understand how important is to hide it before internet, so they take a photo of a phrase and then upload to a cloud. The worst what you can do Undecided

.

khiholangkang

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I have a ledger wallet, and in my opinion it's quite safe because every outgoing transaction requires our permission, so I think it's very difficult to hack, and for Trezor I don't know because I don't have it, but it seems the same system as ledger

imstillthebest

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you said hack on 15 minutes so that means they are only showing it . i mean its thier own wallet and funds that are being used on that act but dont worry because hardware wallet is not that easily to hack because hey they are offline most of the time except by the time you connect it online of on your device . how much more if its a good brand such as trezor . we can really sure with thier security and quality . nothing too worry much as long as we are doing a good security measures .

sangjoewara

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Quote from: jessyj48 on February 15, 2020, 02:31:45 AM

Every single wallets in crypto space aren't safe, mobile wallet, hardware wallet, paper wallet, windows wallet, it all comes down to keeping your private keys safe, these wallets can't do that for you

Regarding the security of the wallet lies in the way we protect the personal keys of our wallet, because if we cannot protect the personal keys of our own wallet, whatever the name of the wallet is and of whatever type the wallet is made, it will still not be safe.

DDante

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Hardware wallets are not indestructible, secondly you still have to worry about keeping your private key safe, I don't bother buying hardware waller because everything hardware wallet can do is present in mobile wallets now, use of password and fingerprints or 2FA is nothing new anymore

Kvalentine

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Every ways we keep coins are damageable, hardware wallet and paper wallet, the best one is using steel and crafting your recovery seed on the steel, this can withstand any wrath from nature, the most important part is keeping your private key and I bet you can't keep it in your head or cram it in your brain

xvids

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Quote from: pikkie on February 15, 2020, 02:36:50 AM

Quote from: jessyj48 on February 15, 2020, 02:31:45 AM

Every single wallets in crypto space aren't safe, mobile wallet, hardware wallet, paper wallet, windows wallet, it all comes down to keeping your private keys safe, these wallets can't do that for you

I think this hardware wallet is still safe if you access it to a truly secure device because even though the hardware wallet is equipped with high security but you access it to a device full of viruses, it will also affect your wallet which will be threatened.

It is true we should also be the one to protect it just because it is said to be secured doesn't meanthat we should just access it anywhere we want.
We should always keep it clean from all of the potential threat virus or any kind of hack not just the hardware wallet but also the device that we are using to open the wallet.
For me it is still the most secured wallet out of all the crypto wallet at the moment.

Perfect35

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Hardware wallets are meant to keep your funds safe with the most assured security, except some security measures which are the responsibilities of the owner are bridged. The hack might have been done by someone very close to the owner. I do not think there is any fault or flaw on the hardware. If you know you are among those who you feel could do such, it is better you keep your wallet in the safest place and do not disclose your password to anyone.

pikkie

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Quote from: jessyj48 on February 15, 2020, 02:31:45 AM

Every single wallets in crypto space aren't safe, mobile wallet, hardware wallet, paper wallet, windows wallet, it all comes down to keeping your private keys safe, these wallets can't do that for you

I think this hardware wallet is still safe if you access it to a truly secure device because even though the hardware wallet is equipped with high security but you access it to a device full of viruses, it will also affect your wallet which will be threatened.

jessyj48

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Every single wallets in crypto space aren't safe, mobile wallet, hardware wallet, paper wallet, windows wallet, it all comes down to keeping your private keys safe, these wallets can't do that for you

julius caesar

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Quote from: Tduty on February 10, 2020, 08:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys?

Maybe its true. But remember that you will be having a hard time to just hack the physical wallet since we all know that you need to have that wallet first for you to be able to hack it. Unlike those crypto wallet that is online. They can just hack it by doing scripts. Physical wallet is better than online wallet. Maybe Trezor wallet has been hack because hackers got their wallet. Inside job maybe.

Tash

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To this day paper wallets are the most secure wallet if done right.

Hardware wallets at best good enough for small amounts, for short time storage
https://www.reddit.com/r/CryptoCurrency/comments/f352ur/ledger_backdoor_having_trouble_coming_up_with_any/

antsam

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Quote from: minairia3 on February 11, 2020, 01:34:02 AM

Exactly, only those who are really careless will be compromised with this method. Keeping your key and avoiding clicking phishing sites are the best method of prevention. Dont believe in such article lurkings without any valid proof. Some are just creating nonsense fud.

Yes, I think a big carelessness when that happens, yeah right don't just carelessly click on the link attached in the email or the application message if the sender isn't certain. For emails must be suspicious of all shared links, so make sure, make sure and re-make sure before clicking on it

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