/biz/ - Business & Finance

>>21752738
what's the point? ledger gets hacked all the time trezor doesn't. there you go no need for your gay ass poll

>>21752738
Trezor looks like a Digimon crest tag

>>21752789
I thought it was the other way around?

>>21752738
Ledger

>>21752789
>>21752858
This shit is really fucking confusing fuck sake you guys

>>21752789
Ledger is impossible to hack unless you fuckin retard

If you’re just holding bitcoin you get a coldcard and use a microsd card to have a skeleton wallet with electrum.

>>21752892
trezor can only be physically hacked if you dont use a pass phrase. ledger got hacked regardless, physically and remotely.

>>21752789
how do you hack something that is basically a paper wallet with buttons you retard lmao

To clarify

Ledger marketing gets hacked leaking your real name and address but your coins are safe (carry a gun)

Trezor gets hacked, some fake firmware gets installed on your device and you lose everything

>>21752738
>>21752789
Trezors have been hacked. If someone gets your trezor, it is relatively easy to hack it and find the keys. It has been proven already. Just google it. Ledgers have never been hacked.

TreZor has pricelock so that makes it worth it

>>21752738
ledger, marketing leak happened so now everything is triple checked an airtight forever

>>21752972
https://www.newsbtc.com/2020/01/31/bitcoin-investors-be-aware-kraken-finds-way-to-hack-into-trezor-hardware-wallets/

here for brainlets

>>21753020
Only works if hacker has physical access to the wallet
According to Kraken Security Labs, breaking into a Trezor wallet is possible through the usage of cheap equipment. By conducting a voltage glitch-based attack, hackers can extract keys from the wallet and therefore withdraw funds from it.

“This attack relies on voltage glitching to extract an encrypted seed. This initial research required some know-how and several hundred dollars of equipment, but we estimate that we (or criminals) could mass produce a consumer-friendly glitching device that could be sold for about $75,” the team explained.

>>21752938
LEDGER GOT HACKED REMOTELY??? WTF??? SOURCE???

>>21753008
Ledger nano S has had that for years retard. The new Ledger Nano X even has a rewind feature.

>>21753045
I mean, why would you buy a device that if the FEDs get it, they can steal your funds? How retarded can one person be?

>>21752938
>remotely

Do you even know how hardware wallets work?

>>21752738
Whats the purpose of keeping a ledger if it can fail?

>>21752738
Neither. Just buy a cheap laptop, never connect it to the internet, encrypt it and use it to store keys and sign transactions.

>>21753055
>>21753227
Ledger software had a bug where it didn't check if the coin being transferred was actually the one displayed.

i.e. the Ledger software says you are transferring some shitcoin, but it is actually transferring your bitcoin.

So yes, remotely.
https://www.reddit.com/r/Bitcoin/comments/i4015h/ledger_isolation_vulnerability_is_much_more/

Even worse, this was reported to them Dec.2019, and they chose to ignore it.
And even worse, this was exposed to the public just weeks after the private customer data hack/leak.

>>21753330
Doesn't sound as secure desu

>>21752911
Why would I bother with this for an electrum BTC wallet? I can just use a normal usb stick and encrypt it. Don't even need to that if I can physically secure the USB stick.

>>21752789
That's not how it works, both can be "hacked" but require physical access to the device itself unless you somehow get your hands on the recovery phrase.

>>21753371
I dunno. These gimmicky crypto things advertise what they are in a way a 10yr old laptop doesn't.

Also, not being connected to a network ever is as good as it gets in security.

>>21753370
If I only plan to transact ERC 20 tokens like BZRX and LINK, then this won't really be a problem afaik from reading that link. Also if I just use secure apps like MetaMask to use Aave and Yearn, I won't have a problem(afaik).

>>21752972
fucking newfags i swear. ledger got hacked remotely like 3 weeks ago. trezor cannot be hacked if you use a passphrase

>>21753424
wrong. that's why they added an additional passphrase to make it immune to physical hacks.

Ledger: closed source and vulnerable
Trezor: open source and protected

>>21753370
> As an example: the attacker sends you a link for LTC web wallet (he says it is a new really great wallet and want you to try or whatever other reason)

Imagine clicking on random links like a fucking retard

>>21753076
>P-price rewind
:O

>>21753583
No it wasnt dumbass, you cant hack paperwallet either.

>>21753371
It's more secure than a HW wallet. Physically remove the wifi-antenna too.

One of the problems of HW wallets, is that you have to have them delivered somewhere, so Ledger, UPS, etc. know where someone lives, who presumably has Bitcoin.

The latest ledger leak of physical addresses and names of customers, because these assholes store that information forever, really made that clear: buy off the shelf hardware and do it yourself.

>>21753702
I don't have to worry about physical location or getting my HW wallet stolen since I live in a very safe country. Problem with a laptop would be that I would have to do all the encrypting and shit myself and then I would still need to connect with Aave, Yearn etc and hiding a laptop or carrying it around is a lot more hassle than a small wallet.

>>21752738
Mt. Gox

Everyone itt is retarded. You can lock in the price with trezor. Case closed. Buy it.

>>21754259
shit's stale

Download BRD wallet for free

>>21754259
>Consume product. Get excited for new product.

I'm going to use this 2007 classic.

>>21754640
Well done I just tracked your location you absolute retard. Can't believe there are people like you giving advice here.

Trezor: software security
Ledger: hardware + software security

In technical terms the ledger is much more secure

>>21754640
Librebooted?
>>21754722
Just checked the metadata. WTF you talking about

paper wallet, then burn it and kill yourself

>>21753370
Ledger's big problem is overstating security to their customers. This anon gets it.
>>21754790
https://saleemrashid.com/2018/03/20/breaking-ledger-security-model/
Can still be hacked, and their CEO is going to decide that you're ok with it.

>>21754722
Good luck with that. You larping faggot.

This is currently biz's choice

>>21754838
No.. I'd have to swap the board. It's an x61, not an x60

>>21753020
> Only works if hacker has physical access to the wallet

Okay wow. Impressive.

>>21752738
This shit is for zoomers and boomers. I can provide for my own coins' security myself and cheaper and safer at that.

>>21755295
Get yourself a x200 asap

>>21752738
i just store all my crypto on a smart contract bank sorta thing

>>21752738
trezor is a good first hardware wallet, but in the long run if you have enough assets you should spread it over multiple wallets. ngrave is new (so probably don't beta test it for everyone else with your life savings) and really expensive, but it seems pretty cool. don't like their marketing tho seems disingenuous.

>>21755198
Right, Trezor then, got it. Thanks.

>>21752738
Trezor as it open source, Ledger is for shitcoins

>>21755108
Ledger has not been hacked. If someone steals your ledger, installs malwsre on it, and puts it back without your knowledge, you use it again, then they steal it again, then they can get your keys. That's what article says for you brainlets out there.

>>21754259
Yeah, someone is totally going to fill your sell order of $19K BTC. Don't be retarded.

>>21752738
Ledger

>>21756844
In the industry, injecting malicious code onto a chip to pre-determine the running of certain code without the user's knowledge so that one can gain access to protected information is called "hacking." And no, you don't need to reacquire the device. The whole point is that you can determine what seed will pop out next, and thus you determine the private key yourself without the wallet owner's knowledge. Trezor and Ledger can both be breached physically, and both have been breached by the same person, but LEDGER TRIED TO PAY HIM OFF AND TREZOR LINKED HIM ON THEIR SECURITY PAGE WITH COMMENDATION.

>>21752789
https://blog.kraken.com/post/3662/kraken-identifies-critical-flaw-in-trezor-hardware-wallets/

>>21757803
>dude physical access flaws lmao

Why the fuck would you spend over $100 on a hardware wallet when you can create your own wallet on the blockchain, encrypt your private key or seed phrase with free PGP encryption online, and just store your phrase on a $5 flash drive

>>21758010
Because my portfolio is big enough to not give a shit about $100.

>>21753702
PO box masterrace, living out in the bush has its benefits.

>>21753955
these hardware wallets are one malicious firmware update from you losing everything. plus, if they get stolen, they can be hacked: https://wallet.fail/wallets/nanos/firmware-f00dbabe/

use MyCrypto with an airgrapped computer

>>21753330
what if the hard drive breaks?

>>21753076
Sshh, don't talk about that feature, the smart contact backend will get depleted if too many people use it

Which hw wallet should I use of I only have Link? People say ledger for shitcoins but ledger also had people's addresses leaked.

>>21759364
I just put my linkies on a ledger nano x. Super easy and I feel a lot better about it. I kept putting off getting one until some faggot tried to break into my coinbase account. Gave me a small heart attack.

Someone redpill me on Paper wallets and explain how I make one

>>21752738
Ledger Nano X pleb

>>21758010
People miss the point of hardware wallets. It's not for cold storage. Storing a key is easy, the issue is what happens when you go to spend? Either your key touches the RAM of a hot machine, at which point all the PGP in the world can't help you, or you use a setup that keeps the keys cold on a second airgapped signing device. That device could be a laptop with clean linux and no internet, or it can be a purpose-made cold signing device that fits the palm of your hand, aka a hardware wallet. Paying $100 to have your cold signing device be compact and specialized for single purpose is worth it, especially if you aren't poor.

ledger

>>21759477
How many linkies do you have? I'm terrified of that happening to me but I don't know how high 6k is on their importance meter.

>>21759588
hey it's an anon that's not a complete retard, glad to see it once in awhile

Ledger + electrum desktop wallet = godly tier for btc holdings
Ledger + mew online wallet = great for eth safety

>>21759588
This guy gets it.

If you are broke then a shitty homemade or free wallet is fine.

But if you have some real money and understand the best way to keep it safe then cold storage is the way to go.

>>21759588
Based explanation

>>21759666
I have 1.5k. It's definitely worth the peace of mind.

>>21752738
kek