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Topic: What keeps trezor to keep the private key? (Read 1454 times)

hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
Nothing.

They can easily push an update to capture your private key and send it to your server. This requires you to manually accept it. The main thing that is keeping them from stealing it isn't it being opensourced. You cannot blindly trust them. You have to manually review and verify it yourself or there is still a risk. As long as you can verify the code, you are pretty much safe.

Actually you can pretty much blindly trust them (without personally checking the code).  All you have to do is wait for a week or so after they release an update, then search TREZOR related threads and boards to find if anyone has decided the update is malicious or faulty.  If you're not competent at reading through it yourself, there's no point trying too hard with little outcome.
full member
Activity: 230
Merit: 100
They always use verifiable software and hardware.
With this proving that they are using secure software.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
ok interesting reading Smiley
how does an electrum wallet protect from anything?
Electrum wallet doesnt do anything except to get transaction information and to broadcast transaction. It doesn't help in your security, with that being the main point of hardware wallets to reduce dependent on a device that you use frequently.

It does have a nice and easily understandable UI though.
legendary
Activity: 892
Merit: 1013
ok interesting reading Smiley
how does an electrum wallet protect from anything?
hero member
Activity: 1036
Merit: 501
Nothing.

They can easily push an update to capture your private key and send it to your server. This requires you to manually accept it. The main thing that is keeping them from stealing it isn't it being opensourced. You cannot blindly trust them. You have to manually review and verify it yourself or there is still a risk. As long as you can verify the code, you are pretty much safe.


This pretty much explains it.
I'd recommend using Trezor with Electrum wallet. (That's what I do.)
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
Nothing.

They can easily push an update to capture your private key and send it to your server. This requires you to manually accept it. The main thing that is keeping them from stealing it isn't it being opensourced. You cannot blindly trust them. You have to manually review and verify it yourself or there is still a risk. As long as you can verify the code, you are pretty much safe.
sr. member
Activity: 438
Merit: 266
They use open-source software that can be verified and verifiable hardware. It's proven that they software and hardware is safe. They also embedded random RNG in Trezor.
legendary
Activity: 892
Merit: 1013
So i am very happy with those trezor for everyday spending (no big stash).
Thanks to them i almost double my use of btc over the year. It is much more easy  than my multiple small paper wallet.
But my father came up with a question i couldn't answer even though it looks obvious: " what guarantee me that they do not have my private key?"
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