Topic: Show off your hardware wallet (Read 2551 times)

@Wind_FURY

There is nothing more I can say that @Pmalek and @Lucius haven't said before
Maybe nothing happens within the next years with all the Ledger Wallets but to be honest I feel much better since I left their none public system!

Btw we should stay ontopic here guys, always remember this

so...

If we are honest, I would dare to say that about 90% of those who own cryptocurrencies are not at all aware of the risks arising from the use of L-HW - because if you have a device that allows your private keys to be shared with third parties, then it is an alarm bell, not a sign to bury your head in the sand and pretend everything is fine.

I would disagree that this is FUD, these are facts supported by evidence that is indisputable. You say that no one lost anything, but the possibility of sharing seeds remotely is a good basis for something like that to happen in the future. The only logical thing is to prevent such a development of events, and that is only possible if you have an offline/cold wallet.

Ledger has always gotten a lot of hate on this forum, even before the Ledger Recover debacle. They are guilty of a lot, and their actions have affected the privacy of their customers. But none of their past actions have affected the security of their users and their money as much as Ledger Recover has. They should never have created it, but if they wanted to go down that road, it should have been an optional feature. You might think, but it is an optional feature, no one is making you use it! True, but the code for its activation is in all their new firmware updates (except Ledger Nano S apparently). It shouldn't be in the universal firmware at all. They could have developed a standalone firmware that holds the Ledger Recover code and allowed their customers to choose which one they want to use. However, that choice isn't given to you. It's decisions like those that raise doubts and make people question what the hell are these people doing?   

But have you felt that your coins were "always not safe" when they were stored in your Ledger wallets? I have seen many people store their whole portfolios that are worth millions in a Ledger without feeling "not safe" and they have never had a single satoshi stolen from their Ledgers.

Would you say that those posts about the Ledger as "not safe" are partly FUD from Open Source Software advocates?

The first time with a hardware Wallet I was very happy with the -old- Ledger Nano S but with every firmware update the empty space for apps became less and less again.
So I decided to look for the Nano X and was happy again until the reviews about the new "Ledger features" appear somedays...

But now, after moving all my coins to my new Safe 3 I can sleep well again


100% correct Sir!


Same thoughts here in the last month and so I bought my trezor for 55 bucks around black friday.

I've also bought a Trezor Safe 3 during this winter's Black Friday. I've just set it up properly these days. It was a long due purchase after no longer trusting my Ledger.

For me the price was more important than "advanced touch", especially as I do prefer actual buttons.
I didn't find anything really important (for me) Safe 5 would come with.


PS. Is there any Android wallet in 2025 that supports Trezor Safe 3 and offers coin control?

My congratulation on this matter, but, ^{just of curiosity}, why Safe 3 instead of their next generation Safe 5. Booth are safe and user friendly however  Safe 5 has advanced touch screen display which makes interactions ^{with wallet} a bit easier for user. I assume that the price was the difference maker for you, ^{nevertheless,  what really tipped you over?.}

That indeed looks very beautiful, ser. I might buy one for myself as a gift once Bitcoin surges to $150,000 per coin. It will be my real replacement for my Trezor One. My new Ledger Nano S will never be used as a replacement for my Trezor, especially after reading the reviews in the topic. It simply can't be trusted for large amounts of cryptocurrencies.

Although I'm very curious, what's your personal review on the Ledger Nano S?

Back to topic guys!

2 days ago my new Trezor Safe 3 arrived to replace my Ledger Nano S and my Ledger Nano X.
I set it up yesterday and most of my funds have already been transferred. Only a small amount of altcoins with no great value are still on the ledger

I have made a few pics from my unboxing:








Thanks to @Pmalek for opening this thread!

Why is this Ledger recovery service crap discussed in this topic? Sorry, but this is off-topic. We have a dedicated topic for this, haven't we?

I understand and like that you're so passionate to call out the Ledger crap at every occasion, but seriously maybe better not derail this topic here.

If Ledger's key extraction scheme gets hacked, meaning if their firmware gets hacked in order to utilize their key extraction API, here's what users should expect:

NOTHING.

Ledger users will notice nothing, because nothing will happen to their wallets.  Not at first, anyway.

If the hackers started emptying wallets, they'd also let Ledger know the code has been compromised.  When Ledger patches the code & users update their firmware, the hackers would lose access to their hack, so they'll have to start over trying to figure out how to hack Ledger again.

That's why whoever hacks Ledger's key extraction API won't start emptying wallets until they've stolen as many keys as they can get.  And stealing keys is going to take time.

I wouldn't be surprised if hackers wait a year - or even a few years - before emptying wallets.  They're going to want to build up a huge stockpile of keys first.  When they finally do hit those wallets, they'll hit 'em all at once via a script that churns through 'em all in one fell swoop.

For all we know, Ledger's key extraction API has already been hacked & the hackers are compiling a huge list of keys as we speak.  Or maybe it won't happen for a year or two, or five.  Who knows.

I owned a few Ledgers.  I quit using them the day they announced their key extraction b---s---.

THAT BEING SAID:

If you think you're in Bitcoin, and maybe alts, for the long haul...  then owning a Ledger is great.  It sucks that you wasted money, but your Ledger is the ultimate decoy wallet.  Make a decoy seed and buy a ton of something worthless, like Shib, to store it at that decoy address.  Put the Ledger in the first place a thief might look.  That's actually good for your security.  Let a thief find the decoy thinking they're robbing you.

Today, Bitcoin hit $100,000 for the first time.  When it hit 10k for the first time, I committed to not selling because I believed it would hit 100k.  And with that same conviction, I'm saying now that I believe it'll hit 1 million someday.  Maybe by the end of this decade, which isn't really that far away.

That's why it's so important to take security seriously.  Never trust closed source code.  Never leave your coins on an exchange longer than a few months (less during periods of high volatility).  Always think long term.

My whole post except for the last part that says "- I'm convincing myself to use Ledger" is some sort of Satire or Parody where I try to be sarcastic, but at the same time, I'm also trying to convince myself that I didn't waste my money in a "Ledger crap".

 

I want to use it for shitcoining, but I'm scared to use it. It's still in its box and it has never connected with my computer and laptop.

This faith/conviction is similar to religion - "we can't prove it, but we'll believe it". I think that "faith" shouldn't be applied to technologies/technical devices. If you think a device is bad, prove it. Technically. And not based on hypothetical possibilities. If a device is good, why say it's bad?

But I don't know how much money is stored on these devices without full statistics. This is another example of "faith" in something without any basis for it.

Hypothetically, this could be due to the multi-million dollar sales of these devices. But again, without insider information, this data is not valid and is based only on the assurances of this company.

As long as the device performs its functions (secure storage of crypto assets) and is not hacked, the device CAN'T be considered unreliable.

Logically, it should be so.

I have a controversial attitude towards their products. Reason says that there is no reason to panic, because device has not been hacked yet, and emotions say that you should not use their devices, because there are indirect signs of unreliability on the part of the manufacturer, which makes the device potentially unsafe.

A dilemma arises to believe / not believe in the reliability of Ledger. Which is resolved by the fact that there is no shortage of manufacturers on the market of hardawre wallets.

Everyone in BitcoinTalk that Ledger is "crap", "unsafe", "not trustworthy" because of the closed-source firmware which is understandable. But I believe there are hundreds of millions worth of United States Dollars - OR MORE - that are stored in Ledger hardware wallets.

 👀

Has one Ledger Wallet user been a victim of a remote hack?

- I'm convincing myself to use Ledger.

It's got nothing to do with believing or trusting them. You can interpret what people say even if you don't like or trust them and think about what that means.

All of their hardware wallets run closed-source firmware. In that regard, the Nano S is as safe/unsafe as all of their other hardware models. Not more and not less.

You must be talking about me here. I did not use the word "safe". I explained what they said and claimed publicly. That isn't synonymous with me saying that the devices are safe.

Plus it's probably the only way to "steal" some of Trezor's market share and the market share of the other hardware wallet manufacturers.

Although, as a business strategy, it's understandable to do such trade-offs between security and UX to make some of the models more convenient/easy to use.

And yet, people keep saying foolish things like the Nano S is safe because Ledger says Recover won't run on it, and Ledgers are safe as long as you don't use Recover.  Wrong, wrong, wrong.

Sadly, most people only learn after they've been harmed.

I can relate with your thoughts. Many ofvthese fancy things isn't needed at all for hardware wallet. But in terms of marketing, it's probably easier to sell device with more features. And obviously, such device will cost you much more expensive. That's probably main reasons why Ledger discontinued Nano S.

All that you said here is true, but I don't think that anyone here takes Ledger words as it would be fact. Probably several years ago situation would be different, but now it's hard to have high level of trust in them.

Why are some of you believing what Ledger says, even after they lied so many times about so many things?

"Well, Ledger says the Nano S isn't compatible with Recover, so..."

That doesn't mean it doesn't have any of the same underlying code.  In fact, it might make the Nano S more dangerous.  The code is closed source, so there's no way to know what's in it.

If you had severe food allergies, would you eat a huge meal if they wouldn't tell you what's in it?

Maybe you're cool with putting your Bitcoin at risk.  Not me.

Any time you start typing the phrase "Ledger says" or "According to Ledger," you might as well stop.

The Nano S is no longer available on their official web shop. Maybe you could have bought it from one of their official resellers. Depending on where you live, perhaps there were opportunities to buy a HW in-person from a physical store.

That makes sense. A fort with big glass windows isn't good either.