Post
Topic
Board Hardware wallets
Re: Trezor One vs Ledger Nano S-which one is safer?
by
o_e_l_e_o
on 28/03/2021, 11:16:59 UTC
I don't understand why anyone would take the risk of using a "USB hardware wallet", when it is not firesafe, and has the possibility of a software problem.     I lean towards a "metal hardware wallet" like the ELLIPAL Mnemonic Metal  OR  Cobo Tablet .

Or would I really want is a bundled "cold wallet" + mnemonics container like in this bundle?  https://www.ellipal.com/collections/sale/products/bundle?variant=33170514772067
Hardware wallets and steel mnemonic back ups serve different purposes. No hardware wallet is going to be a physically resistant as a good steel product, but a steel product does not let you sign transactions without importing your seed phrase to a computer (and all the inherent risks that come with doing that). They are complementary devices, not mutually exclusive ones. A hardware wallet is used for interacting with you private keys in a secure environment, keeping them offline, but still allowing you to generate new addresses and create and sign transactions. A steel back up is used for long term back up of your seed phrase. It is entirely sensible to use both.

Note that both the Ellipal Mnemonic Metal and the Cobo Tablet performed very poorly on stress testing, with both resulting in complete loss of data - https://jlopp.github.io/metal-bitcoin-storage-reviews/

Also note that the Ellipal hardware wallet had a vulnerability which allowedthe seed phrase to be extracted - https://donjon.ledger.com/Ellipal-Security/.