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Who had that Bitcoin target price prediction?
- Thread starter Subway
- Start date
for those who keep their crypto in a cold wallet (and technically, that should be everybody, right?), this just popped up on Reddit regarding the Nano, probably the #1 selling hardware wallet. it's enough to make me look for a new one - can anyone recommend a hardware wallet that's not a Nano?
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Ledger got hammered today on social. They might be done after this boondoggle.
Hodlers should probably switch to Trezor, SafePal or something else. @sussle
I've only used Ledger before. Haven't tried Trezor but I believe it has same problem Ledger has in that it's possible they could put in a backdoor. However, Ledger can connect directly to your phone and Trezor can't. So with Trezor, I believe someone would need the actual device to steal your coins. Don't quote me on this.
Or this place some guys use. I've not used it so nothing to report.
www.safepal.com
Hodlers should probably switch to Trezor, SafePal or something else. @sussle
I've only used Ledger before. Haven't tried Trezor but I believe it has same problem Ledger has in that it's possible they could put in a backdoor. However, Ledger can connect directly to your phone and Trezor can't. So with Trezor, I believe someone would need the actual device to steal your coins. Don't quote me on this.
Or this place some guys use. I've not used it so nothing to report.
SafePal Crypto Hardware Wallet (Official) | The best wallet to protect your assets
SafePal securely stores your crypto assets in the most simple and easy way. Truly mobile-friendly, supporting major cryptocurrencies like Bitcoin, BNB, Ethereum and all ERC20 tokens in one wallet. Start your worry-free crypto life with SafePal everywhere, everyday.
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Ledger should be done - they just blew up their business model and screwed their customer base by taking away the one reason everybody buys a Ledger. can't imagine what they were thinking by creating a back door.
But there's not a lot of choices out there and there's more than just storage requirements to consider: if you're a hodler like me, the wallet has to play well with defi apps, yield farms, liquidity pools, governance commitments etc etc. Ledger had all that sh!t worked out, which is no small thing.
Agreed on all points. Ledger did that sh!t all figured out. Almost no other options in the game besides SafePal.
absolutely possible, but the Trezor folks appear to be doing everything right to make sure that does not happen. i've never heard of a Trezor getting cracked; so, for 99.9% of the folks out there i'd say the weak link is not going to be Trezor, but how you store your physical device, PIN, and seedphrase (aka "key").
key management is hard to do right - so i pretty much never recommend self-custody for large amounts of crypto.
if i can get your Trezor device, and that's all i can get from you, then your coins are safe.
if i can get your device and your PIN then i own your coin. but this means you did something dumb with your pin like writing it down somewhere. i cannot do a brute force attack (or anything else) against your device to discover your PIN
if i can get the seed phrase you used to configure the physical device, then i own your coin. i don't need your device or your PIN. i just grab another device and reset it with your seed phrase and set whatever PIN i want. but, this means you did something dumb with your seed phrase. like putting it somewhere other than a safe or a safe deposit box. i cannot do a brute force attack (or anything else) against your device to discover your seed phrase.
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they seem kind of tone deaf. what they are pitching as a feature - a seed recovery option - is being regarded by virtually everybody else as a bug, because the option involves sending encrypted fragments of your seed phrase elsewhere, ostensibly for retrieval, as needed. it's a vulnerability any way you slice it - everybody buys a Ledger device with the understanding it doesn't comunicate with anything but Ledger - and malicious actors will be working hard to figure out how to take advantage of it.
another online wallet hack....
cointelegraph.com
Atomic Wallet exploited, users report loss of entire portfolios
Atomic Wallet has reportedly been exploited, with users reporting complete losses of their crypto portfolios.
cointelegraph.com
Bro isn’t the whole point of crypto is the fact that it’s unregulated and not subject to being fucked with by the man?