Post
Topic
Board Project Development
Re: Indiegogo launch - help us! :o
by
n0nce
on 13/10/2022, 22:08:40 UTC
Have you used before Ledger app, Trust wallet app, Exodus app? All of this apps you use online on iOS or Android, and this apps ask you to save the seed on paper.

The option that we are offering, is to save the seed encrypted and keep offline using open source app, with a industry standard chip NTAG424.
Okay, so this device then is only really suited to backup seed phrases of hot wallets; that makes sense. As the seed has already been exposed to an online device, it makes no difference whether you enter it in another app one more time. I guess.
Then the product is just not for me, and others who generate and back their seed phrases up without them touching an online device.

PS: Please take a look at:
Recently I noticed that a lot of new members don't know all the rules and I don't (usually) blame them since not all rules are written and even those written down can be overlooked by users who don't pay much attention to some stickies in select boards. Maybe they'll pay attention to this thread in which I'll try to list all the rules present on the forum. I'll provide sources (if I know of any) to where they are posted. The rules are in no particular order, just written as I found them although I'll try to keep the more general ones first.
[...]
32. Posting multiple posts in a row (excluding bumps and reserved posts by the thread starter) is not allowed.

When you use cold wallet devices, like Ledger and Trezor, the seed recovery phrase (12 words or 24 words) is "exposed" to an online device too, on mobile smartphone or computer.
Absolutely not. Never. That's the whole idea of these devices. I'd stay clear of a company who creates 'Bitcoin security devices' of any type and believes a hardware wallet exposes its seed phrase to the host computer.