Trezor Passphrase Encryption | Bitcointalksearch.org

Coin-Keeper

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Activity: 761

Merit: 606

Quote from: BitcoinNewsMagazine on February 12, 2017, 04:00:04 PM

Quote from: Coin-Keeper on February 12, 2017, 03:38:28 PM

Just an opinion here, but a Trezor with NO password (different from the PIN) creates a wallet that would be a perfect place for a decoy wallet! Put a fraction of a coin or a few coins if you have large wallets, and then you have a perfect "out" if someone demands you open your Trezor. There is no evidence of any other wallet unless the passphrase to access it is known. Perfect stealth.

Trezor has been recommending this approach in advanced settings under multi-passphrase hidden wallets.

Every time I read that article I see the $5.00 wrench bouncing off my head. So much so that I have created another "backup" decoy wallet with a simple passphrase. A bit more coins in that one, but nowhere near an actual daily wallet. LOL

BitcoinNewsMagazine

legendary

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Quote from: Coin-Keeper on February 12, 2017, 03:38:28 PM

Just an opinion here, but a Trezor with NO password (different from the PIN) creates a wallet that would be a perfect place for a decoy wallet! Put a fraction of a coin or a few coins if you have large wallets, and then you have a perfect "out" if someone demands you open your Trezor. There is no evidence of any other wallet unless the passphrase to access it is known. Perfect stealth.

Trezor has been recommending this approach in advanced settings under multi-passphrase hidden wallets.

Coin-Keeper

hero member

Activity: 761

Merit: 606

Just an opinion here, but a Trezor with NO password (different from the PIN) creates a wallet that would be a perfect place for a decoy wallet! Put a fraction of a coin or a few coins if you have large wallets, and then you have a perfect "out" if someone demands you open your Trezor. There is no evidence of any other wallet unless the passphrase to access it is known. Perfect stealth.

HK87

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Thanks, that helped alot

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: HK87 on February 08, 2017, 08:59:58 AM

I just received my trezor hardware wallet and I am trying to set a passphrase from the advanced tab but I don't see anywhere where I can set my own passphrase. I just have the option to enable passphrase encryption and it automatically sets a blank passphrase.

What I am doing wrong, how do I set my own passphrase?

You do not set the passphrase(s) from the advanced tab, you just enable them. Log out from your Trezor. Next time you connect to trezor.io you will be shown a window where you enter your desired passphrase twice, that will then open a new wallet with zero balance. If you already have funds on your Trezor just enter empty passphrase twice.

https://blog.trezor.io/seed-pin-passphrase-e15d14a0b546#.u6djt7xz8

If you forget your passphrase you lose any bitcoin in the passphrase protected account.

HK87

newbie

Activity: 4

Merit: 0

I just received my trezor hardware wallet and I am trying to set a passphrase from the advanced tab but I don't see anywhere where I can set my own passphrase. I just have the option to enable passphrase encryption and it automatically sets a blank passphrase.

What I am doing wrong, how do I set my own passphrase?

Topic: Trezor Passphrase Encryption (Read 1768 times)