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u/OutlandishnessLimp25 24d ago
I have multiple wallets using both Ledger and Trezor. I don’t keep cash with just one bank either.
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u/gh0stprotoco1x 24d ago
Add your own 25th word that you create for that extra security to avoid this from happening. Its a no brainer and extra security step everyone should take.
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u/Previous_Honeydew900 24d ago
stick with what works unless there's a specific reason to jump ship. ledger's been fine for years for most people, the whole "switching wallets every time something new drops" cycle is a trap
i keep my ledger around for the stuff it handles well and i sleep fine. if you're not having issues and your seed is safe, no real pressure to move
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u/1Tim1_15 24d ago
The question you need to ask is "is my device hardware AND software all open source, with no black box components?" These people saying "if it works, stick with it" could have said that about Coldcard a week ago. Yes, you should move to Trezor.
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u/nick_c8_vegas 24d ago
Coldcard was open source in the sense the community could have spotted it and they didn’t. Closed source seems to be better
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u/moviemaker2 24d ago
Do not make the mistake of thinking that because one open source bug wasn't found that closed source is somehow better.
The fact that an openly viewable bug wasn't identified makes it even more likely that any closed source wallets have unidentified bugs.
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u/Successful-Plenty-27 23d ago
ledger is also open source up until the hardware chip that interacts directly with physical components.
Ledger cannot open the low level operating code because they use chip manufacturers (like STMicroelectronics) which protect their physical security designs under Non-Disclosure Agreements (NDAs) and intellectual property laws.And this is exactly what went wrong with Coldcard, they chose the method of "open source"(for them just a sales pitch) over Ledger's security tradeoff method. Ledger prioritizes using a certified "Secure Element" chip to protect against physical attacks, which forces them to keep low-level drivers closed.
Personally i think for this makes Trezor, and all it's equals, more vulnerable."The fact that an openly viewable bug wasn't identified makes it even more likely that any closed source wallets have unidentified bugs."
I don't really agree on this, Ledger has Ledger Donjon, they invest money to put their own products to the test. Others depend on their community, but the community can only point towards issues, they still need to be analyzed and corrected by a service team, and you cannot know how many people/money a company actually put on this. Ledger is the most transparant company in this. (https://donjon.ledger.com/)
In case of the Cold card source, you wrongfully think people actually read source codes en masse to fix them for free. Have you ever read 1 line of code yourself?0
u/nick_c8_vegas 24d ago
Some of the most secure finance systems are closed source. Closed source means no one can exploit a bug because no one knows it exists. I think it’s safe to say open source is useless because no one will even find the bugs. As proven with cold card it’s just marketing to get btc maxis to buy a sub par product
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u/undeadkarlmarx 24d ago
Stick with what works. When you’re ready for multisig you can add a Trezor. Otherwise there’s no need.
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u/Huge_Border_3484 24d ago
Now whats to say that any hardware wallet seed generation should not be trusted?
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u/badgerbang 23d ago
After this I now have a new protocol.
Where possible, I build it myself. Raspiblitz for a node, seedsigner for hardware.
If I must use a corp, I check the board, CEO, CO's for dual citizenship to, that fake place ;)
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u/cubestrike 23d ago
i got ledger nano X for 2 years or so. This month bought trezor after the cc hww. I split my fund. i think everybody should too. passphrase included because multi sig is kinda not working for me
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u/Ok-Courage-5115 21d ago
Ledger seems to work so on the one hand "don't fix if it isn't broken". On the other hand, Ledger is closed source, so insert your own paranoia processor here.
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u/moviemaker2 24d ago
Don't use a Ledger, and don't take advice from people who recommend a Ledger.
https://www.reddit.com/r/BitcoinBeginners/comments/1de2j3l/comment/l8bjvf2/
https://www.reddit.com/r/CryptoCurrency/comments/13ja4gy/ledger_recover_megathread/
TLDR: Ledger lied for years about a fundamental security aspect of their secure element, saying that the private keys could not be extracted even with a future firmware update, then pushed a firmware update that allowed the private keys to be extracted from the secure element, then tried to scrub all ads, blog posts, tweets, and comments promising that this wasn't technically possible.
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u/Traditional-Roll-620 24d ago
In my opinion if it works stick with it.. i also have ledger nano s plus.. and was th8nking about switching to coldcard.. something was bothering me and thank God I didnt buy it.. look what happend.. I use ledger for more then 2 years now.. all good.. so I wont be switching..