Trezor or Paper Wallet? - page 3. | Bitcointalksearch.org

xSkyer

newbie

Activity: 5

Merit: 100

Quote from: miguelmorales85 on September 09, 2017, 05:55:31 PM

why would the TREZOR be so expensive? Huh

it not like it has NASA level hardware (neither software)

There are not a lot of companies that specialises in creating and developing cryptocurrencies hardware wallets. Both Trezor and Ledger have great support. Research and development cost a lot of money, we have to be aware of that. Just look at Ledger company, they have just released Ledger Blue which is kinda advanced technology for such small company.

nioctibmurof

newbie

Activity: 44

Merit: 0

they both have their benefits. i'm of the belief that trezors are more secure

warningsigns

hero member

Activity: 896

Merit: 1082

I actually prefer a paper wallet. Electronic wallets are good and nice and secure but like any other electronic gadget they are at risk of being damaged or corrupted. Some of them are also not future-proof and might not work on future systems. So keeping them forever as your sole bitcoin repository might not be a good idea.

In defense of these electronic wallets, they have more features than a simple paper wallet and allows one to spend directly from such wallets. They are also good cold storage wallets.

As for a paper wallet, you can keep multiples of the recovery phrases or private keys in a safe location or even ask family members to keep them in different places. A paper wallet is cheap but ultra secure.

boris singer

sr. member

Activity: 882

Merit: 268

Quote from: xSkyer on October 05, 2017, 02:38:21 PM

Quote from: miguelmorales85 on September 09, 2017, 05:55:31 PM

why would the TREZOR be so expensive? Huh

it not like it has NASA level hardware (neither software)

There are not a lot of companies that specialises in creating and developing cryptocurrencies hardware wallets. Both Trezor and Ledger have great support. Research and development cost a lot of money, we have to be aware of that. Just look at Ledger company, they have just released Ledger Blue which is kinda advanced technology for such small company.

they specialize in stability of the security of user assets, they offer different things and are the safest wallets ever, we need to support them as they propose exclusivity at a cost that suits the security system on offer.

Spendulus

legendary

Activity: 2898

Merit: 1386

Quote from: smokeydog on October 01, 2017, 01:52:08 PM

Quote from: BitPACK on September 08, 2017, 07:12:21 PM

i prefer paper wallet. because trezor is hardware too and it can be hacked one day.

How can it be hacked if it is off-line and in safe storage?

The Trezor operates with (A) a hardware Trezor device (B) a cable (C) a computer that has the Trezor wallet software (D) a router (E) the Trezor web site (F) the Internet

Data flows are at least (A) periodic connection to the computer for access (B) block chain inquiries (C) downwards Trezor firmware updates

It's unreasonable to exclude as impossible, all possible attack modes.

miguelmorales85

hero member

Activity: 544

Merit: 506

I would recommend trezor but the sheet with your recovery word should be divided into sections and keep them under lock in different sites.

Paper wallet from my point of view is too risky but there is no safer way to protect against hackers. Undecided

In the end you must manage risk and spread it into several kind of holding methods.

PS: if you don't have your private keys those bitcoins aren't yours!

good luck

hakuna

member

Activity: 112

Merit: 10

I own a Ledger Nano and it is one of the best buys of the year.

I think the pros are the same than the Trezor.
- you can have multiple wallets (BTC, ETH, etc) without messing with private keys
- you can "transfer" your wallets on another device, if lost or stolen, using the sequence of words provided to you
- the signature of the message is done on the device, hence it is more secure

Then I think the choice is also linked to whether you are an organized person, or not. Having all the wallet in a unique place could save a lot of time, if you are a messy person.

xSkyer

newbie

Activity: 5

Merit: 100

Quote from: smokeydog on October 01, 2017, 01:52:08 PM

Quote from: BitPACK on September 08, 2017, 07:12:21 PM

i prefer paper wallet. because trezor is hardware too and it can be hacked one day.

How can it be hacked if it is off-line and in safe storage?

Trezor has been compromised. Here's the link:

https://blog.trezor.io/fixing-physical-memory-access-issue-in-trezor-2b9b46bb4522

However it was fixed in the recent software update. That's why I recommend Ledger Nano S. There were no issues yet and there are many coins supported on Ledger. About 4 are going to be added this month! Hardware wallets are great because they don't expose your private keys but they might be hacked someday.

Bezdonov Art

member

Activity: 84

Merit: 10

Quote from: Dudeperfect on September 01, 2017, 10:08:04 AM

4) What are the pros and cons of using a Trezor wallet?

With the trezor hardware wallet, the device is the two-factor authentication, allowing owners to unlock their passwords without third-parties, applications, sms or email. Rather than relying on the master password scenario, the user simply “unlocks” the device with their pin and keeps passwords safe from keyloggers and physical attacks. Getting compromised is virtually impossible. This is due to the trezor platform securing each password entry on a “one-by-one basis with a unique encryption key,” which is derived directly from the trezor device.

smokeydog

member

Activity: 96

Merit: 11

Quote from: BitPACK on September 08, 2017, 07:12:21 PM

i prefer paper wallet. because trezor is hardware too and it can be hacked one day.

How can it be hacked if it is off-line and in safe storage?

xSkyer

newbie

Activity: 5

Merit: 100

I would go with Ledger too. Ledger Nano S is cheaper, smaller and in my opinion looks better. However, its build quality is not as good as I thought. Even though my Ledger is on my desk all the time, it has a lot of scratches after 1 month but you have to look closely to notice them. Paper wallets are a good choice if you are going to hold your funds for a long time without moving them anywhere. Hardware wallets are easy to use in terms of sending and receiving transactions.

nicosey

full member

Activity: 347

Merit: 109

Ledger is easier to use then Ledger. Ledger more secure.

Rahip

full member

Activity: 336

Merit: 111

What is your preference? Ledger or trezor ?

Backupnime

full member

Activity: 494

Merit: 104

homt.net

i prefer in Trezor better than paper wallet.

Kumic

full member

Activity: 533

Merit: 100

If we talk about a larger value or let's say more than 10BTC, I think that we should use more than one safe storage. Divide your coins and put them into 3 Trezor and 3 Paper Wallets, leave some on Ledger too. Buy one PC just for paper wallet and other transactions, make it safe, don't watch porn on that pc bro lol. Invest in your own security, that's a good investment.

ferumflex

full member

Activity: 256

Merit: 102

I would select trezor and paper wallet but it in a safe place. In case I lost hardware wallet and my memory

HCP

legendary

Activity: 2086

Merit: 4316

Quote from: rupeeteam on September 13, 2017, 07:19:04 PM

Can Trevor be used for other crypto currencies or is only for BTC?

Hmmm... it seems that neither Google nor the Trezor website are down... so I'm not sure why you could not find this information Roll Eyes

http://doc.satoshilabs.com/trezor-faq/overview.html#which-coins-are-currently-supported

rupeeteam

newbie

Activity: 42

Merit: 0

Can Trevor be used for other crypto currencies or is only for BTC?

Spendulus

legendary

Activity: 2898

Merit: 1386

Quote from: sachinunchwal02 on September 09, 2017, 02:57:23 PM

When it comes time to spend your paper wallet, you need to load that private key into some kind of device (eg. Computer, phone, table) and sign a transaction. At this stage, you have to worry about the security of that system. Is it compromised? Does it have a hacked/buggy RNG? Will it leak your keys through a side channel? The trezor does the signing securely on the device. The keys never leave it and never need to be loaded onto another device.

ONE argument for Trezor vs paper wallet for the long term is what happens if BTC goes to 500k. Suppose you were the lucky guy that had an old paper wallet with 20BTC.....

To use them, you must load the entire sum into some computer and at that moment it is exposed to possible compromise. Because of the "NO CHANGE" property of paper wallets, the entire sum must be swept or imported into a wallet.

A Trezor with 20BTC in that situation, you could pull out say 0.01BTC and only that would be exposed to possible compromise.

I think it would be wise with the Trezor to verify the operation of the HD word sequence restore in one or another wallet, say the Electrum, then to save a copy of that particular program on a flash drive and put it with the Trezor in a safe. You proved it worked with that one wallet, not with any or some wallet that might exist in ten years.

kolloh

legendary

Activity: 1736

Merit: 1023

Hardware wallets like the Trezor or Ledger Nano S are much more convenient than paper wallets if you intend to send your coins at all. It is annoying to create new paper wallets everytime you spend coins. For long term storage where you aren't spending the coins, paper wallets work well though and don't cost anything to use.

Topic: Trezor or Paper Wallet? - page 3. (Read 4594 times)