Good Wallets

[Millard]

How safe is this? I've been wanting to get away from centralized exchanges and go this route, but paranoid about having my funds drained.

It doesn't get much safer. Your Trezor private keys are never exposed to your PC or mobile device. So they are never accessible on the network, local or internet.

Let's say that your computer, unbeknownst to you, is hacked with malware. The malware logs every keystroke, every screenshot of your screen, every movement of your mouse. It records your wallet passphrase, and your secret pin.

It still can't access the private keys on your hardware wallet. Your funds as still safe.

(THAT IS, as long as you NEVER record the seed words on your electronic devices.)

 

[Perrin Aybara]

It doesn't get much safer. Your Trezor private keys are never exposed to your PC or mobile device. So they are never accessible on the network, local or internet.

Let's say that your computer, unbeknownst to you, is hacked with malware. The malware logs every keystroke, every screenshot of your screen, every movement of your mouse. It records your wallet passphrase, and your secret pin.

It still can't access the private keys on your hardware wallet.

(THAT IS, as long as you NEVER record the seed words on your electronic devices.)

Thanks, Millard. And no, I would never have my seed phrases on any electronic device. Been looking into those steel engraving sets for seed phrases, just haven't pulled the trigger on one just yet.

Once this bull run is over I'd like to be earning interest on my holdings using a Trezor. I'm seeing a lot more places like Exodus have options for this.

 

[Monkipalo]

Not too long ago, Ledger had a data breach. Costumer's email addresses and personal info were shared on a hackers' board. After that, many changed from Ledger to Trezor

 

[Perrin Aybara]

Not too long ago, Ledger had a data breach. Costumer's email addresses and personal info were shared on a hackers' board. After that, many changed from Ledger to Trezor

I got phishing texts for months after that.

 

[sinewave3]

Not too long ago, Ledger had a data breach. Costumer's email addresses and personal info were shared on a hackers' board. After that, many changed from Ledger to Trezor

True, but I recall Wallet info was safe? Names, phone numbers, and emails were indeed compromised and that could be enough to phish even a fairly cautious person, get SIM info for 2 factor attack, etc...

Hmm guess I am thinking Trezor now lol.

Anyone have experience with hardware wallets that are not the big 2?

 

[Perrin Aybara]

True, but I recall Wallet info was safe? Names, phone numbers, and emails were indeed compromised and that could be enough to phish even a fairly cautious person, get SIM info for 2 factor attack, etc...

Hmm guess I am thinking Trezor now lol.

Anyone have experience with hardware wallets that are not the big 2?

As long as you didn't fall for the phishing your Ledger was safe. That it happened and they handled it poorly really put me off them. I'm still using the one I have, but next one I buy will be Trezor.

 

[MFAAS]

Here’s something I posted a while back. I haven't recently reexamined the issue.

Coinbase may monitor who you send payments to up to 4 hops

Blockstream CEO Adam Back: "Some of the exchanges and wallets are using tracing services, and [if there is a connection to illicit activity] up to four hops deep away from you, they will freeze your account." This threatens fungibility. Possible solutions are anonymity services like...

thinksteroids.com

Thanks for sharing that. I have to say, I have known a good number of people who did 2 hops consistently, coinbase to wallet A, to wallet B, to dark market--and they never got any issues from Coinbase. No idea why. I don't know what Coinbase's criteria is exactly either for monitoring or what they consider to be worthy of giving people trouble over. To me it seems like you could pretty easily deny their claims if there was a few hops and a good amount of time between the transactions. But then you could be screwed if they freeze your account as far as losing money.

Regardless, the number 1 best recommendation and really the only GOOD option IMO is to always use Monero whenever possible. If Monero is impossible/just not an option then buy one crypto, send it a hop or two, exchange it for another crypto, send that for a hop, then do your thing.

 

[sinewave3]

I finally broke down and ordered a hardware wallet. Will update when I find out how easy or how much of a pain it is.

 

[Millard]

Not too long ago, Ledger had a data breach. Costumer's email addresses and personal info were shared on a hackers' board. After that, many changed from Ledger to Trezor

There's a new class action lawsuit against Ledger arising from this breach.


View: https://twitter.com/UnderTheBreach/status/1380548895319715848