Re: [WTB] Ledger bitcoin wallet. ( Hardware wallet ).

I'm not sure how safe that would be, purchasing and using a ledger wallet that was previously owned by someone else...

Someone told me that Trezor and Ledger Wallets are similar in features. But Trezor wallet is little bit expensive and ledger wallet is affordable and cheap to buy it for peoples like us.

The thing is that someone could possibly modify the hardware/software within the hardware wallet in a way that would allow whoever sold you the hardware wallet to know in advance which seed it will generate, or otherwise leak the private keys.i

So, is it safe to buy the ledger bitcoin wallet directly from the official site ? It costs 63 above ( actual cost + shipping cost ).

If you trust the manufacturer of ledger bitcoin wallet then the safest way to buy one is directly from the manufacturer. I cannot say one way or another if it would be appropriate to trust them or not.

Then , what you say about the trezor wallet. Can you say it as a safe one ? I have seen some escrow using it for providing a secure escrow service l.

I think all hardware wallets are much too new to trust with large amounts of money. They have not been thoroughly tested against various attacks.

I do know that satoshi labs (the manufacturer of trezor) has been trusted by many escrow services on the forum to store their bitcoin with their trezors, however I have not personally looked into how appropriate it would be to trust satoshi labs.

I do not personally employ a hardware wallet to secure my bitcoin.

What bitcoin wallet you used to secure your bitcoins then ? I am just looking to buy any hardware wallet to use it for storing my bitcoin funds for long time.

I use electrum for both my online and offline funds. If you have enough bitcoin that you need to secure some of it on an offline computer/device then you should install electrum on a computer that does not connect to the internet (preferably neither in the future nor in the past), then generate a new seed on that computer. You would then want to have at least 3 copies of the seed across two mediums (you can store one on your offline computer, one on a USB drive, and one on paper), and have at least one of those backups in a place separate from you (e.g. it should be offsite). You can then copy the xpubkey to your online computer and use your online computer to create and broadcast transactions from your offline computer (that will be used to sign transactions to your hot wallet).