New hardware wallet in town
If you haven't heard, the Ledger Nano S is having more troubles in paradise. A 15 year old has figured out way to get the private keys off a Ledger Nano S. This vulnerability was played down by Ledger and they claim it requires an extremely rare scenario of having the device before it was setup. The security researcher ( a 15 year old boy! ) shows this is not the case in a detailed breakdown.
I haven't tested it myself but with my dealings with Ledger so far I am convinced he is telling the truth and Ledger is playing it down.
Trezor isn't without their issues either, it wasn't long when their devices could be used to extract private keys to personal wallets. Something that should never be possible.
Kaspersky Lab, the company behind the most effective Anti-Virus consistently as documented by independent research organizations has announced their own hardware wallet.
The wallet is not available just yet, but it is in the announcement phase.
The Ballet has no screen where as the Securator has an LCD screen. Both devices have an optional yearly subscription to backup your keys in encrypted form off site.
The device also allows you to use a mobile phone with NFC and USB.
While I am a big fan of Eugene Kaspersky's products I might wait a little while before giving it full approval. I'll likely order one myself if they don't send me a few for free. It really can't be any worse than the current situation as it is.
You can check out the product page if you want more information or get on the announcement list. All screenshots are from the product page.
There really is no safe place for crypto right now.. :(
I too am a big fan of Kaspersky Lab! I have both the Nano and Trezor wallets and I have always felt they could be hacked. My real question is what if the creator had a back door to access all wallets? I look forward to the Kaspersky Lab wallet and look forward to your future post on this wallet. Awesome share! I have also resteemed this post to share with others.
yeah solid post. I did not know about this Kaspersky hardware wallet. Thanks for the post
D'oh, really love my Ledger. But this thing seems sweet, too. Love the OTG plug. And of course annually subscription bollocks, baeh, lame. Kaspersky style. But I guess safety has a price tag.
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I am a huge fan of the Trezor, but this looks cool. Nano is for shitcoins....💩💩💩
This is good information. I am on the lookout for the best solution currently using the TREZOR was looking to the Ledger Nano when this 15year of Briton showed me reasons not to. Like you said I would play around with this and wait for all issues to be fixed before using it. Thanks for the prompt information. It is certainly priced better than the rest. (As long as ship is not 3 times the price it a deal)
I have been putting some thought into this lately. As my crypto networth increases I start feeling less comfortable having my crypto in Ledger Nano S .. What I will do and would recommend others is, like always, diversifying the risk. Having your crypto networth split between all these 3 hardware wallets could really mitigate your losses in a worst case scenario where a wallet might get compromised. Safe investing :)
If you choose to split your holdings in different wallets use various brands as if a bug/virus wipesout one it can take out all.
I use the Ledger Nano S but recently switched to a paper wallet. Nothing wrong with the Ledger its a great device. I just decided I needed a long term storage solution ( > 15 years). My paper wallet doesn't need a USB port, doesn't need any firmware updates. I don't think my paper wallet risks being incompatible or obsolete in 15 years time also :-)
and if someone gets physical access to it, you lose everything.
Just like the Nano S it seems. I take my chances with a universal form of backup
To guard against flood or fire destruction of your paper wallet consider the cryptosteel for extra durability.
Yes this is what I will be getting also now. I can say in 15 years time I could pull it out and still use it. I can't say that about my Nano S which may fail to power up. I up voted you.
btw is this same product as ledger have on their website?
Yes Ledger and Trezor have had package deals including the Cryptosteel. You can also buy it separately and directly from Cryptosteel. I got mine directly. You also have much options.
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It looks interesting, it is good to know that there are new and safer options in the market.
Building a new hardware wallet is easy, but working with various projects to integrate all the individual wallets into it is not something easy to do.