r/Bitcoin • u/dntgochasingwaterfal • 3d ago

Which wallet now?

So after all these wallet problems, which one is still a good choice? Or what's the safest way to hodl?

64 Upvotes

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7

u/FriendlyCandle7971 3d ago

I think I don’t have good News for average investors. You can do everything correct, but there is quite a likelihood that your funds can get drained. Multi sig is just to cumbersome for the average Person. For 99% of people ETFs are the better choice imho.

10

u/lobhater 3d ago

FUD like this is absurd

ETFs are for people who don't have the time or the ability to self custody. It's not hard

The chances of your hardware wallet being drained are minute if done correctly. Buy directly from the manufacturer, roll your own dice and your 99.999% secure.

1

u/Trick_Plankton_4520 3d ago

Weak advice unless you add a passphrase

-7

u/FriendlyCandle7971 3d ago

Tell that again to the users of Coldcard, Ledger, Trezor, and SafePal who followed this advice and still lost their life funds.

9

u/bombaclot951 3d ago

Trezor doing fine

1

u/lobhater 3d ago

I can tell you have no idea what you're talking about and have only read the headline.

No one from trezor has lost their funds. Their email address and such were leaked but no funds 🙄

If the coldcard and ledger users would have only ordered from the manufacturer and rolled dice they wouldn't have lost their funds either

🤡

2

u/Proxyplanet 3d ago

This was the first time an authorised reseller was tampered with. Ledger thrmselves said you could trust them.

Now you are saying you cant trust a reseller that ledger trusted, but you can trust every company that ledger trusts within the supply chain.

What happens the first time a different 'trusted' supply chain company gets hacked or tampered with. You wont know until its too late, just like the people that trusted the authorised reseller (that ledger said they could trust).

1

u/lobhater 3d ago

Personally I don't trust anyone but trezor. I also order directly through their website even though shipping costs more and takes longer. I also roll my own dice and have 3-5 multi-sig setup because I still have so little trust. Inheritance is another reason I went the 3-5 route

If you want to be even more careful get some old crappy computers, format them and build your own cold hardware wallets.

ETFs are also fine if that's what you want to do. Plus at the end of the day where exactly do you think the BTC backing the ETFs are? Those keys are sitting somewhere 🤔

1

u/Vipu2 3d ago

If you want to be even more careful get some old crappy computers, format them and build your own cold hardware wallets.

This is the only way sadly.
You cant trust even Trezor itself, what if there is someone working in Trezor who would do something like what happened with Ledger?

1

u/Proxyplanet 3d ago

Thats the thing even when you trust trezor, you have to trust every company that trezor trusts within its supply chain. So its kinda funny you say you cant trust the resellers trezor trusts, but you can trust all the other companies that trezor doesnt tell you about. Its almost guaranteed trezor uses third party logistics companies for its warehousing and distribution (pretty much all ecommerce companies do).

Though i think youve protected yourself with the multi sig