Post
Topic
Board Hardware wallets
Merits 2 from 2 users
Re: Trezor New Hardware Wallet _____!
by
o_e_l_e_o
on 12/10/2023, 15:56:59 UTC
⭐ Merited by Rikafip (1) ,JayJuanGee (1)
and it also seems like you still have to enter any passphrase on the computer and not on the device itself, which remains a large security risk.
So if you want to import seedphrase, you have do it on the computer and not directly on Trezor device itself? If that is true (can someone please confirm it?), why would anyone in their right mind use them as it looks incredibly risky and something I would never do and I thought that no HW do that anymore.
Not seed phrase - passphrase.

The seed phrase will still be generated or imported on the device itself, but with Trezor One (unlike most other hardware wallets), any additional passphrase is entered on to the Trezor Suite software on the computer you are attached to, and not in to the hardware wallet itself. Obviously entering a passphrase in to a computer with an internet connection makes it very insecure, so potentially still having to do this on a brand new hardware wallet released in 2023 (when other hardware wallets haven't been doing this for years) would be very poor. There's no confirmation of this yet, though.

There are multiple other reasons I wouldn't pick a Trezor though, even this new model or the other new model they are going to release.

They literally had to make compromise, when they realized how hard is to make their own open source secure element, that is coming out in 2 years.
Sure, but they have spent years telling everyone how not only do we not need secure elements, but that closed source secure elements can actually increase your risk. And now they implement it and call it ground breaking, as if everyone else hasn't been doing it for years already. Roll Eyes