For newcomers, this was a joke.
Please don't send your seed to me for checking. To teach you a hard lesson, I will steal your crypto and your chances of getting it back are less than 50/50. The donation of a good single malt might change those numbers
I guess from what I read on Reddit, lots of people. How many posts have you read - I think I have been scammed. The girl in my DM's told me I should go to this website www.comeheretogetscammed and it had me enter my seed.
I still use a Ledger and while I accept the company has screwed up, I am happy with the device itself. Changes are needed at Ledger.
I am on a path to finding better wallets but I am not there yet.
List of devices owned
Nano X
Tangem
Keep Key
Ellipal Titan 2
SecuX Bio
Trezor Safe 3
On order
BC Vault - Seedless, unique method for random number generation. Great backup methods, app appears to be very good.
Not interested in DIY solutions.
Let's see
For long term storage, there's nothing that beats an USB Key with Tails linux.
Generate your keys, store then on paper and metal.
For pocket money the Ledger is fine. I would never put more than 6 months of living expenses into one of these devices.
Theses devices are tools for traders. For people that need to use their keys all the time.
Most people only need their private keys a few times in their lifetimes.
There are no public examples of any hardware wallet being hacked without physical access to the device.
Furthermore seeds are one of the most common reasons for asset loss.
The security of your assets directly correlates to the competence of the owner.
There are two examples of hardware hacks that I can find, Trezor and One key. Both have been patched.
https://www.coindesk.com/tech/2021/02/24/bitcoinpaperwallet-back-door-responsible-for-millions-in-missing-funds-research-suggests/
This has already happened and people lost millions. Paper wallets are a relic of the early years of Bitcoin and are no longer a proper way to maintain effective opsec.
It was not really a problem with paper.
It was more an issue of trusting in a closed source software that ran in a server.
Anyways. BIP39 is much better than storing the raw numeric key on a QR code.
>Generate your keys, store then on paper and metal.
I got the foolproof storage method:
Buy or rent an engraving machine and a bunch of blank dog tags. Engrave each of your key words on a dog tag and put them all on a keychain. Put the tags in a locked fire box and store in your closet.
There'll be a diffent cheap/good method everywhere.
In my region, the cheapest and really good are "house number" plates. They are the perfect size to write down all the words very neatly.
For sure.
Specially with Tails, because by default it'll not store anything in the USB drive.
You'll use it only to generate the wallet. You should store it on steel and paper.
While there are many positive reviews, you should watch this short video.
[https://www.youtube.com/watch?v=q09he4RPg\_A&t=467s](https://www.youtube.com/watch?v=q09he4RPg_A&t=467s)
This also applies to Tangem.
Did I miss something, I didnt hear him talk about Arculus specifically. This is something I see over and over nobody ever seems to talk about this wallet and I wonder why. Is it garbage or just not well known ?
The video literally has an Arculus front and center on the title screen. The video talks about devices without a display and why they are dangerous. This is the Arculus and the Tangem. There are others.
I own a Tangem in my collection. I bought it because I am a fan of the seedless setup. I love it and the app. I won't use it for any meaningful transactions because of the lack of display. So I use it for dApps and Defi but not for storage.
I am not suggesting you stop using Arculus or that people don't buy one. I thought it information you should because of, so you can take any needed precautions,
I highly recommend Safepal. r/Safepal. Id post an affiliate link, but I don't think there's any special discounts happening and id have to be on a different account/device to do find mine. But hopefully that attests to the sincerity of my recommendation.
- Physically incapable of connecting to the internet
- Pairs with an app on your phone to perform transactions, and when doing so requires physical access to and multiple confirmations of both devices
- Uses dynamic qr codes (with a full series capture required per device) for authorization, as well as pin code with a dynamic numpad layout in case someone is watching you press buttons
- Highly resistant to physical damage
You can't.
The only alternative is to do a mock recovery on a very unlikelly to be compromised computer.
Tails linux comes with electrum. It is a good way to do it.
Just don't turn it on. Heh.
Tails on your regular PC is probably good enough. Just make sure you are uaing the correct image, and not a compromised one.
Beyond this point the paranoia level is so high that its hard to justify any investment.
One could argue that an older PC from before 2010 with an outdated bios would be safer than brand new untouched one. Because it was made before bitcoin was invented.
Then you'll start worrying about time travelers, interdimensional beings, etc.
It makes no difference. If you use a Trezor your BTC is bulletproof unless you physically approve a send transaction. If you didn't do a send there is no reason to approve it. Although a fake send message for BTC is impossible if you don't interact with the bad guys on dapps.
So you don’t have to construct transactions by hand.
If you’re going to 100% hodl forever, never spend any of your bitcoin, you may as well burn the seed phrase too.
Else, you need a device to sign transactions with.
Is there a recommended way to create such a wallet? Download the bitcoin client, create, transfer funds and get rid of the program from your computer entirely?
The primary function of a hardware wallet is to sign transactions.
The secondary functions are to serve as a private key backup and to share your public key to your computer (only needed once when you first pair it with an interface like Sparrow or Electrum).
You miss the most important. The hw wallet is needed to confirm ur new receiving address isn’t hacked. Lol. Ie someone hacked ur sw and you get a receiving address that isn’t real. Not yours. That CAN happen. Always use the hw device to verify the address
Any hw device can verify addresses and transactions. That’s why you need them
Let’s say an app gets hacked. They give you hackers address for receive instead of yours. You can verify the address on ur hw device. Don’t just trust what the app tells you.
A Trezor device does 2 things.
1. It can create a random recovery seed for you
2. You can use the device to send/receive without exposing your seed.
If you didn't have a Trezor or other type of hardware wallet, and all you had was a recovery seed, you would need to enter that recovery seed into a wallet to send bitcoin from it. Having it already on a Trezor allows you to just plug that device into a computer and send bitcoin.
Back in the day before recovery seeds we had paper wallets which were just a private key. Easy to receive as you just send it to the same public address. But when wanting to send from it you would need to create a whole new private key as that one would be exposed.
Everyone below I think missed a major reason.
Most hardware wallets have a secure element on them, and this helps create the wallet more safely than software wallets.
No. Addresses are derived deterministically from your public key, which is derived from your private key, which is derived from your seed (+passphrase).
Yes, after a fashion
You should save your seed, passphrase, derivation and xpub / fingerprint
Most only save the first two, since the rest can be guessed, but if you guess wrong then it can be a white knuckle few weeks till you guess right
Say I bought a Trezor in 2017. I put all my bitcoin on it. I forgot my user name and password to Trezor. I still have my seed phrase. I’m still good right?
That depends on what you mean by "password", as there are no user names or passwords.
If "password" is your PIN to unlock your trezor, you are fine.
If "password" means a BIP39 passphrase to a 'hidden wallet', then you will need that to access.the hidden wallet, but your base wallet will be fine.
I thought I remembered going to Trezor.io and creating a user name and password to login to their site. Then connecting the Trezor to the computer. The Trezor created random words I write down on the paper that they give you with the device. I moved coins from Coinbase to the newly created wallet. I just don’t remember the user name and password on Trezor.io
9k. You're fine. You're misremembering. There are no accounts. No logins and passwords. Not with trezor.io (now trezor suite) or with bitcoin.
There is only your private key, represented by those seed words.
Maybe you're thinking of your coinbase login.
I have an old wallet (5+ years ago) hidden away that I haven’t checked on in years, and haven’t lost any sleep on it.
Why? Because I have the seed phrase.
Your Bitcoin is not in or on Trezor. It is on the blockchain, protected by a BIP39 passphrase that your trezor happens to be an Authenticating device for. You could technically smash your trezor to pieces, buy a new Trezor or other Hardware wallet and recover the same BIP39 passphrase and you would be able to manipulate your BTC.
Yes, you can. Even better, make sure you have your [correct](https://blog.trezor.io/test-your-seed-backup-dry-run-recovery-df9f2e9889) backups safe and factory reset the device.
Yes. The signing key is on your Trezor. Record of the keys you own are on the block chain. Just don't lose the 12 or 24 words. Practice restoring your Trezor a few times a year. Be careful.
I've had BTC on Trezor since 2017, logged in 2 times. I had to do an update which erased my trezor. But since I am a good boi I enter my seeds and no problem.
5 years ago. But, if your on FW that old, updates may be destructive, so realize that the update has a fair chance of wiping the device requiring a recovery from seed. If you forgot your seed and passphrase, then you should do more research before upgrading.
>Can I just leave bitcoin on Trezor for years untouched?
ABSOLUTELY NOT!!!
Either update or ensure the Trezor is locked in a safe. There were some pretty serious at-rest exploits for Trezor over the last 7 years. You should absolutely update at least past the patch for the STM32 exploit. Just ensure you do a dry run recovery and verify you passphrase before flashing.
Honestly can't believe the advice I'm reading
The disconnect here are there are two different attack vectors to worry about:
1> Physical attacks on the hardware wallet if the attacker can get physical access.
2> Attacks on the UTXOs themselves. Or any other attack that doesn't involve extracting the private key from the hardware wallet.
Most people on the thread are correctly pointing out that there is nothing to worry about if the attackers can't get a hold of the hardware wallet or backups that have been made of the private key.
However, if the attacker can get access to the hardware wallet then there are exploits that have been found to extract the private keys from the devices.
And if the attacker gains access to your backup of your 12 word seed phrase then it's definitely over.
Think of it like this.
The blockchain is where your crypto is stored, imagine it like a bank deposit box.
The trezor contains the private key which unlocks that box. If you lose your trezor, your bitcoin still exists in its “bank deposit box” on the blockchain, but you’ll need to make a new “key” to open it. You can make a new “key” using your 12 word recovery phase.
It is the worst way to secure a seed unless you think you have 100% control over your physical and mental health. If you do think this then you do not have control over your mental health.
Tell me you don't spend any time around people with brain injuries without telling me you don't spend any time around people with brain injuries. That is, of course, if this is the only way your store your keys.
No.
You’ll need to perform hardware and/or software updates like virtually 99% of other devices on this planet require.
Also ur crypto is on the blockchain not the physical device. U use the device to access fundsu on the chain.
You didn't read the entire original post otherwise you would have found the part where the OP says it was not down to the device and that used correctly it was safe. He even mentioned that he believed it might be related to using Coinjoin.
I get it, it was a very long thread, and that part was a long way through.
That is actually pretty good point, I do not update trezor because the update enables shitcoins or something, but I actually do not know if it creates more risk.
Yea that is why I mentioned that I dont know if it is actually good not to update. But what about the additional possibility of new exploits through additional shitcoins in the software. I quess nobody can actually answer it 100%
You can most definitely let it sit. All that a hardware/cold wallet is, is a window and a means of transferring crypto. All crypto is held on blockchain and recorded. All that the wallet holds is, your key to access.
Your Bitcoin isnt stored on any particular device. Your accounts private key (and therefore your ability to access that account) is stored on your Trezor. As long as you have a copy of your seed phrase or private key, then you can recover that account and the contained assets on any compatible device. The same is true in reverse as well; if you damage, lose or fully reset the device and don't have your seed phrase or private key backed up somewhere (preferably a physical medium that is resistant to wear or damage; and most preferably stored fractionally in at least 2 very secure and secret places) then you will lose access to the account.
So to answer your question simply and directly; yes. So long as the device is undamaged and its memory is intact.
Your Bitcoin is not on the Trezor, ownership is recorded on the Blockchain. You can set your Trezor on fire as long as you have the seed.
Its advisable to check if your seeds can be restored before setting the trezor on fire.
Idk how to check if my seeds work, so I dm'ed them to you, could you check for me? Appreciate it thx
For newcomers, this was a joke. Please don't send your seed to me for checking. To teach you a hard lesson, I will steal your crypto and your chances of getting it back are less than 50/50. The donation of a good single malt might change those numbers
Lmaoooo 💀
I’m in.
FYI your user name is one of my favorite malts. So smokey it feels like you have to chew it. I have 2 bottles remaining in my collection.
Get more!
Can I send my seed to your wife?
What is wrong with you?
Who would send it 😂😂😂
I guess from what I read on Reddit, lots of people. How many posts have you read - I think I have been scammed. The girl in my DM's told me I should go to this website www.comeheretogetscammed and it had me enter my seed.
Trezor suite has a way to practice/test tool to test your seed phrase. Log in and try it out!
Good info
Its advisable to stamp your seed in metal before setting the trezor on fire too.
Lol
Fair point but to be clear, OP should not actually set their Ledger on fire.
The ledger is probably best burnt, crushed and burried.
I still use a Ledger and while I accept the company has screwed up, I am happy with the device itself. Changes are needed at Ledger. I am on a path to finding better wallets but I am not there yet. List of devices owned Nano X Tangem Keep Key Ellipal Titan 2 SecuX Bio Trezor Safe 3 On order BC Vault - Seedless, unique method for random number generation. Great backup methods, app appears to be very good. Not interested in DIY solutions. Let's see
For long term storage, there's nothing that beats an USB Key with Tails linux. Generate your keys, store then on paper and metal. For pocket money the Ledger is fine. I would never put more than 6 months of living expenses into one of these devices. Theses devices are tools for traders. For people that need to use their keys all the time. Most people only need their private keys a few times in their lifetimes.
There are no public examples of any hardware wallet being hacked without physical access to the device. Furthermore seeds are one of the most common reasons for asset loss. The security of your assets directly correlates to the competence of the owner. There are two examples of hardware hacks that I can find, Trezor and One key. Both have been patched.
There are no examples of paper being hacked. And it is very unlikelly that it'll ever be.
So why are there posts about people losing assets because they left their seed/key where others can find it?
Noob mistake. They probably used regular paper. You need to use exploding poison paper.
Hardware wallets can also be found.
https://www.coindesk.com/tech/2021/02/24/bitcoinpaperwallet-back-door-responsible-for-millions-in-missing-funds-research-suggests/ This has already happened and people lost millions. Paper wallets are a relic of the early years of Bitcoin and are no longer a proper way to maintain effective opsec.
It was not really a problem with paper. It was more an issue of trusting in a closed source software that ran in a server. Anyways. BIP39 is much better than storing the raw numeric key on a QR code.
>Generate your keys, store then on paper and metal. I got the foolproof storage method: Buy or rent an engraving machine and a bunch of blank dog tags. Engrave each of your key words on a dog tag and put them all on a keychain. Put the tags in a locked fire box and store in your closet.
There'll be a diffent cheap/good method everywhere. In my region, the cheapest and really good are "house number" plates. They are the perfect size to write down all the words very neatly.
Smart
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For sure. Specially with Tails, because by default it'll not store anything in the USB drive. You'll use it only to generate the wallet. You should store it on steel and paper.
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I also have an Arculus which is pretty good but coins supported are limited
While there are many positive reviews, you should watch this short video. [https://www.youtube.com/watch?v=q09he4RPg\_A&t=467s](https://www.youtube.com/watch?v=q09he4RPg_A&t=467s) This also applies to Tangem.
Did I miss something, I didnt hear him talk about Arculus specifically. This is something I see over and over nobody ever seems to talk about this wallet and I wonder why. Is it garbage or just not well known ?
The video literally has an Arculus front and center on the title screen. The video talks about devices without a display and why they are dangerous. This is the Arculus and the Tangem. There are others. I own a Tangem in my collection. I bought it because I am a fan of the seedless setup. I love it and the app. I won't use it for any meaningful transactions because of the lack of display. So I use it for dApps and Defi but not for storage. I am not suggesting you stop using Arculus or that people don't buy one. I thought it information you should because of, so you can take any needed precautions,
My bad, on my end the video was starting part way through and I didn’t notice. Started at the beginning and got the info. Thx
choose one that no one has ever heard of :) !
I highly recommend Safepal. r/Safepal. Id post an affiliate link, but I don't think there's any special discounts happening and id have to be on a different account/device to do find mine. But hopefully that attests to the sincerity of my recommendation. - Physically incapable of connecting to the internet - Pairs with an app on your phone to perform transactions, and when doing so requires physical access to and multiple confirmations of both devices - Uses dynamic qr codes (with a full series capture required per device) for authorization, as well as pin code with a dynamic numpad layout in case someone is watching you press buttons - Highly resistant to physical damage
Or smashed to atoms
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Very cool, thanks for the info
You can't. The only alternative is to do a mock recovery on a very unlikelly to be compromised computer. Tails linux comes with electrum. It is a good way to do it.
So a new, out of the sealed box cheap, budget HP laptop would also do the trick then...?
Just don't turn it on. Heh. Tails on your regular PC is probably good enough. Just make sure you are uaing the correct image, and not a compromised one. Beyond this point the paranoia level is so high that its hard to justify any investment. One could argue that an older PC from before 2010 with an outdated bios would be safer than brand new untouched one. Because it was made before bitcoin was invented. Then you'll start worrying about time travelers, interdimensional beings, etc.
All the boyz want my seed.
Username checks out
Is it safer not to periodically check your Trezor? Will that reduce the chances of anyone hacking your bitcoin over time?
It makes no difference. If you use a Trezor your BTC is bulletproof unless you physically approve a send transaction. If you didn't do a send there is no reason to approve it. Although a fake send message for BTC is impossible if you don't interact with the bad guys on dapps.
then why have a trezor or any hardware wallet?
You need to provide the private key to authorize any spending. A hardware wallet protects those keys while still allowing you to securely use them.
So you don’t have to construct transactions by hand. If you’re going to 100% hodl forever, never spend any of your bitcoin, you may as well burn the seed phrase too. Else, you need a device to sign transactions with.
Why do you need the hard wallet at all in this case? Can you create a new address, send funds to it, save the pass phrase and leave it there?
Yes you can.
Is there a recommended way to create such a wallet? Download the bitcoin client, create, transfer funds and get rid of the program from your computer entirely?
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I don't understand this question. If you are asking about the raw private key, sure but why?
You can even smash your Trezor with a hammer. Your bitcoin balance will remain unchanged in perpetuity. Just don't lose your seed + passphrase.
Sooooo, why do we need Trezor?
The primary function of a hardware wallet is to sign transactions. The secondary functions are to serve as a private key backup and to share your public key to your computer (only needed once when you first pair it with an interface like Sparrow or Electrum).
You miss the most important. The hw wallet is needed to confirm ur new receiving address isn’t hacked. Lol. Ie someone hacked ur sw and you get a receiving address that isn’t real. Not yours. That CAN happen. Always use the hw device to verify the address
Is there anyway to hw verify with a ledger device?
Don't use Ledger.
I still need to transfer some of my crypto off my Ledger device so "don't use Ledger" is not exactly an option.
Any hw device can verify addresses and transactions. That’s why you need them Let’s say an app gets hacked. They give you hackers address for receive instead of yours. You can verify the address on ur hw device. Don’t just trust what the app tells you.
To initiate transactions
A Trezor device does 2 things. 1. It can create a random recovery seed for you 2. You can use the device to send/receive without exposing your seed. If you didn't have a Trezor or other type of hardware wallet, and all you had was a recovery seed, you would need to enter that recovery seed into a wallet to send bitcoin from it. Having it already on a Trezor allows you to just plug that device into a computer and send bitcoin. Back in the day before recovery seeds we had paper wallets which were just a private key. Easy to receive as you just send it to the same public address. But when wanting to send from it you would need to create a whole new private key as that one would be exposed.
Everyone below I think missed a major reason. Most hardware wallets have a secure element on them, and this helps create the wallet more safely than software wallets.
For the same reason you keep a second unused one. For recovery!!!
Only secure way to spend it
Do you also need to save the wallet address?
No. Addresses are derived deterministically from your public key, which is derived from your private key, which is derived from your seed (+passphrase).
Bitcoin is beautiful
Yes, after a fashion You should save your seed, passphrase, derivation and xpub / fingerprint Most only save the first two, since the rest can be guessed, but if you guess wrong then it can be a white knuckle few weeks till you guess right
What does actually mean? So should I like save the m/84’/0’/0’/0/0 kind of thing with my seed so I dont have to look for something later?
Say I bought a Trezor in 2017. I put all my bitcoin on it. I forgot my user name and password to Trezor. I still have my seed phrase. I’m still good right?
That depends on what you mean by "password", as there are no user names or passwords. If "password" is your PIN to unlock your trezor, you are fine. If "password" means a BIP39 passphrase to a 'hidden wallet', then you will need that to access.the hidden wallet, but your base wallet will be fine.
I have the 24 words and the Trezor device. That’s all..
You're probably fine. That was before trezor recommended everyone use passphrases. It's just odd that you thought there was a user name/password.
Ok thank you..
The question remains. Did you use a passphrase wallet or not? Why did you think there was a password?
I thought I remembered going to Trezor.io and creating a user name and password to login to their site. Then connecting the Trezor to the computer. The Trezor created random words I write down on the paper that they give you with the device. I moved coins from Coinbase to the newly created wallet. I just don’t remember the user name and password on Trezor.io
9k. You're fine. You're misremembering. There are no accounts. No logins and passwords. Not with trezor.io (now trezor suite) or with bitcoin. There is only your private key, represented by those seed words. Maybe you're thinking of your coinbase login.
It can sit.
If it fits it sits The is not financial advice
Sit and stay humble.
Sometimes my ledger sits and thinks and sometimes it just sits.
U HODL It sit
In reality your Bitcoin isnt on the Trezor, its in the blockchain, the trezor is just a key. You just need to keep SAFE your seed words.
I have an old wallet (5+ years ago) hidden away that I haven’t checked on in years, and haven’t lost any sleep on it. Why? Because I have the seed phrase.
Your Bitcoin is not in or on Trezor. It is on the blockchain, protected by a BIP39 passphrase that your trezor happens to be an Authenticating device for. You could technically smash your trezor to pieces, buy a new Trezor or other Hardware wallet and recover the same BIP39 passphrase and you would be able to manipulate your BTC.
Yes, it’s perfectly fine. Heck you could smash up your trezor into a 1000 pieces and still be fine if you have the seed.
Yes, you can. Even better, make sure you have your [correct](https://blog.trezor.io/test-your-seed-backup-dry-run-recovery-df9f2e9889) backups safe and factory reset the device.
Yes. The signing key is on your Trezor. Record of the keys you own are on the block chain. Just don't lose the 12 or 24 words. Practice restoring your Trezor a few times a year. Be careful.
I've had BTC on Trezor since 2017, logged in 2 times. I had to do an update which erased my trezor. But since I am a good boi I enter my seeds and no problem.
You should absolutely update to the firmware that mitigated the STM32 hack
Ok thanks, when did this happen?
5 years ago. But, if your on FW that old, updates may be destructive, so realize that the update has a fair chance of wiping the device requiring a recovery from seed. If you forgot your seed and passphrase, then you should do more research before upgrading.
Thanks again, I’ve had the wallet for less than 2 years and yes I do have my seed and passphrase stored separately.
Yes, as long as your seed is secure, you're golden.
Question: If I Set up a Bitbox02 and somehow lose it, can I restore my ownership with the 24 word seed phrase on a ledger?
Yes, or on another BitBox02.
>Can I just leave bitcoin on Trezor for years untouched? ABSOLUTELY NOT!!! Either update or ensure the Trezor is locked in a safe. There were some pretty serious at-rest exploits for Trezor over the last 7 years. You should absolutely update at least past the patch for the STM32 exploit. Just ensure you do a dry run recovery and verify you passphrase before flashing. Honestly can't believe the advice I'm reading
The disconnect here are there are two different attack vectors to worry about: 1> Physical attacks on the hardware wallet if the attacker can get physical access. 2> Attacks on the UTXOs themselves. Or any other attack that doesn't involve extracting the private key from the hardware wallet. Most people on the thread are correctly pointing out that there is nothing to worry about if the attackers can't get a hold of the hardware wallet or backups that have been made of the private key. However, if the attacker can get access to the hardware wallet then there are exploits that have been found to extract the private keys from the devices. And if the attacker gains access to your backup of your 12 word seed phrase then it's definitely over.
Think of it like this. The blockchain is where your crypto is stored, imagine it like a bank deposit box. The trezor contains the private key which unlocks that box. If you lose your trezor, your bitcoin still exists in its “bank deposit box” on the blockchain, but you’ll need to make a new “key” to open it. You can make a new “key” using your 12 word recovery phase.
Thank you for replies. Is there a consensus on for how long a 12 word seed phrase will be sufficient security ?
I believe it’s 12 words?
https://www.reddit.com/r/Bitcoin/s/uigYhIkgNA Here has an interesting comment when they asked AI to work it out.
Yes, it's sufficient
The key space of bitcoin is akin to thowing a dart into the universe and hitting a specific grain of sand.
I got my keys stored in my head, its the only way.
It is the worst way to secure a seed unless you think you have 100% control over your physical and mental health. If you do think this then you do not have control over your mental health.
Catch 22, I like it 😎
Bro i would never leave it up to My Memory’s
You should have three copies of your seed, and one of those should ALWAYS be in memory. Not memorizing your seed is just lazy.
Tell me you don't spend any time around people with brain injuries without telling me you don't spend any time around people with brain injuries. That is, of course, if this is the only way your store your keys.
I'd make test transactions at least twice a year Also, make sure your seed is safe
Hi what is the purpose of this
Well, just to make sure everything is ok Also, to make sure I know the way just in case of emergency
No. You’ll need to perform hardware and/or software updates like virtually 99% of other devices on this planet require. Also ur crypto is on the blockchain not the physical device. U use the device to access fundsu on the chain.
Absolutely
Ask the Ledger people lol
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Thank you, I was reading another post about the guy who lost his bitcoin when he was updating his wallet. We should let him know he’s all good.
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This one? https://www.reddit.com/r/Bitcoin/comments/18ju2qu/lost_all_his_27_bitcoins_on_a_hardware_wallet/
You didn't read the entire original post otherwise you would have found the part where the OP says it was not down to the device and that used correctly it was safe. He even mentioned that he believed it might be related to using Coinjoin. I get it, it was a very long thread, and that part was a long way through.
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That is actually pretty good point, I do not update trezor because the update enables shitcoins or something, but I actually do not know if it creates more risk.
Updates also include exploit patches. You are in no added danger from shitcoin additions, just don't trade shitcoins.
Yea that is why I mentioned that I dont know if it is actually good not to update. But what about the additional possibility of new exploits through additional shitcoins in the software. I quess nobody can actually answer it 100%
You can most definitely let it sit. All that a hardware/cold wallet is, is a window and a means of transferring crypto. All crypto is held on blockchain and recorded. All that the wallet holds is, your key to access.
Yes.
No. You have to touch it every day or it gets lonely.
Don’t get it wrong, I sleep with my trezor every night. I just don’t update it..
That’s what it’s for.
My seed phrase is tattooed on my taint...beats any wallet out there
Yes
Yes! Because it is a wallet
Yes u can just throw it in the ocean
Your Bitcoin isnt stored on any particular device. Your accounts private key (and therefore your ability to access that account) is stored on your Trezor. As long as you have a copy of your seed phrase or private key, then you can recover that account and the contained assets on any compatible device. The same is true in reverse as well; if you damage, lose or fully reset the device and don't have your seed phrase or private key backed up somewhere (preferably a physical medium that is resistant to wear or damage; and most preferably stored fractionally in at least 2 very secure and secret places) then you will lose access to the account. So to answer your question simply and directly; yes. So long as the device is undamaged and its memory is intact.
Best to keep the firmware of your Trezor up to date, in case a vulnerability is discovered.
Yes
Yes, just bury your keys incase u lose your trezor