Post
Topic
Board Beginners & Help
Re: Hardware wallets, types, security and safety
by
MrcMrc
on 14/04/2020, 10:17:18 UTC
There has been no demonstrated successful physical attack against Ledger products, but that is not to say one doesn't exist. With an electron microscope and enough time and expertise, then it is like that even the secure element will be crackable and the seed able to be extracted, but we are now probably talking about in the order of weeks at a cost of several hundred thousand dollars. This differs obviously from Trezor wallets which can have the seed extracted for less than a hundred dollars in the space of a few minutes. Any hardware wallet shouldn't be viewed as infallible, but rather as a mechanism to buy you (hopefully plenty of) time to move your coins to new addresses.

That is why I prefer the ledger nano products, although I prefer two, he ledger nano x and s. Trezor is good too but I have read about some people saying cloning trezor is more common than cloning ledger nano.