Receiving address reuse with trezor wallet

The Cryptovator

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Quote from: Franckback on November 24, 2019, 09:20:09 AM

I won't keep that Bitcoin account for more than 2 years.

I learned there is no account for bitcoin. I think you mean your hardware wallet. Those word used for to mean receive or store bitcoin is 'Wallet', 'Address' and 'clients'.

Quote from: Franckback on November 24, 2019, 09:20:09 AM

I'm wondering if it's worth the trouble to create a new account, transfer the funds, store the 2 new backup seed in different safe locations again ?

Did you mean that you will buy new hardware wallet and move your fund there ? If yes, then you are free to do it but it doesn't mean your previous wallet was on risk just for revealed your bitcoin address. Your private keys stored into your device, your public key is a hash of private keys and your address is a hash of your public key. So hash is not reversible mathematically, means no one will able to find your private keys.

Quote from: Franckback on November 24, 2019, 09:20:09 AM

(I'm not really worried about privacy, just the safety of the funds.).

Since you are not worried about your privacy then there is nothing to worry about your fund. You are fully safe and reason has describe above.

hugeblack

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Quote from: Franckback on November 24, 2019, 09:20:09 AM

(I'm not really worried about privacy, just the safety of the funds.).

Although privacy doesn't concern you much, you can use electrum^{[1] [2]} if you want more control over your addresses and hence privacy.
If you have some time, read more about reusing addresses^[3] to make sure you are safe.

[1] https://electrum.org/#download
[2] verify your electrum download
[3] https://en.bitcoin.it/wiki/Address_reuse

Rath_

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Those are all small details which might confuse newbies.

Quote from: Coin_trader on November 24, 2019, 09:27:58 AM

Agree on this. Besides that. Trezor is a hardware wallet meaning your ~~coin~~ private keys is of the internet once you disconnect it to your computer.

They don't leave the hardware wallet anyway.

Quote from: Coin_trader on November 24, 2019, 09:27:58 AM

So your funds is safe even though you reuse your wallet address.

Address reuse is not related in any way to how hardware wallets work.

Quote from: Coin_trader on November 24, 2019, 09:27:58 AM

Unless you delete your wallet address and forgot the recovery seed then that the risk will start.

You can't delete a single address from your hardware wallet. I guess you meant wiping the device.

Coin_trader

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Quote from: Rath_ on November 24, 2019, 09:23:10 AM

Quote from: Franckback on November 24, 2019, 09:20:09 AM

(I'm not really worried about privacy, just the safety of the funds.).

You don't have to worry about it then. There is no point in creating a new account and moving the funds there since address reuse only affects the privacy. In fact, without a proper coin control, it also doesn't matter if you use a separate address for each transaction. You will be able to recover your coins without any problems.

Agree on this. Besides that. Trezor is a hardware wallet meaning your coin is of the internet once you disconnect it to your computer. So your funds is safe even though you reuse your wallet address. Unless you delete your wallet address and forgot the recovery seed then that the risk will start.

Rath_

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Quote from: Franckback on November 24, 2019, 09:20:09 AM

(I'm not really worried about privacy, just the safety of the funds.).

You don't have to worry about it then. There is no point in creating a new account and moving the funds there since address reuse only affects the privacy. In fact, without a proper coin control, it also doesn't matter if you use a separate address for each transaction. You will be able to recover your coins without any problems.

Franckback

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Hello all,

Are my Bitcoin at risk if I used the same receiving address multiple time with the Trezor wallet ?

When I first start using Bitcoin I reused the same receiving address several times, (maybe 15 times) then I red that the right way was to create a new address every time, so that's what I did after.

I'm asking because I stored the backup seed in 2 different locations that I'm happy with and it's not really that easy to access.

I won't keep that Bitcoin account for more than 2 years.

I'm wondering if it's worth the trouble to create a new account, transfer the funds, store the 2 new backup seed in different safe locations again ?

(I'm not really worried about privacy, just the safety of the funds.).

Thank you.

Topic: Receiving address reuse with trezor wallet (Read 197 times)