Re: What's the best cold wallet for holding altcoins?

Quote from: SquirrelJulietGarden on September 01, 2025, 01:36:40 PM

Quote from: Wind_FURY on September 01, 2025, 01:25:33 PM

I have both the Trezor and the Ledger hardware wallets, but because Pmalek firmly emphasized that Ledger's firmware is not open source, and that we would never know if their hardware wallets are actually safe until they show their firmware's code to the world, he said Ledger users are taking a massive risk.

My Ledger is still brand new/never used since November 30, 2024. I said I'll use it for small amounts of Bitcoin, but I never did.

Ledger wallet is not open source and it has bad history of data breaches too. Trezor is a recommended wallet as it is open source.
[LIST] Open Source Hardware Wallets.

Ledger wallet also had its drama with Ledger Recover service launched years ago.
https://www.ledger.com/recover
Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities.
Ledger Recover: What The Hell is Happening? With aantonop and lopp. Both Andreas Antonopoulos and Jameson Lopp did not support Ledger Recover product.

BUT, like I posted before, although I might be wrong - Trezor's newer models have firmware that are merely partially open sourced. That means that you should "partially" trust their developers that they're honest.

The only model, that I believe is open source, although I might be wrong, is the Trezor One. Do your own diligence and buy the hardware wallet that you would truly use to avoid wasting money.