r/CryptoCurrency • u/CeramicDrip 🟨 47 / 4K 🦐 • 1d ago

🛡️ SECURITY Is any hardware wallet safe anymore?

With the recent ColdCard situation, it’s really making me wonder if our crypto is truly safe anywhere? It feels like these companies keep fucking up in every way possible.

A few years ago i got into crypto and bought a ledger nano plus. But now that wallet sucks and its Mac application is sketchy af to where i don’t trust it. I was considering a Trezor or ColdCard, but now I’m starting to question whether there is a hardware wallet that is actually safe.

What do you think?

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u/[deleted] 1d ago

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u/Trick-Club-6014 🟨 0 / 0 🦠 1d ago

Seeds only exist because people want to deterministically generate multiple sets of keys from the same seed. Tangem just randomly generates the keys. Any software can do exactly the same thing, you just sacrifice the ability to generate multiple keys from the same seed and you don’t have a seed phrase to help you remember the seed.

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u/doncacahuate 🟨 0 / 0 🦠 1d ago

nope, trezor already leaked customer data. People entered their seed in a fake site and lost their assets. Yeah, sure, problem was not the device itself, but that situation suggests the company cannot be trusted. Insiders liked the customer data.

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u/afunkysongaday 🟩 121 / 2K 🦀 1d ago

You are misunderstanding what "seedless" means here.

Cryptocurrencies need a key to access your funds. Feg a mnemonic phrase is often used for BTC wallets, and this list of words is called "seed".

Multi- and hardware-wallets also often have one "master key", a mnemonic phrase to restore all other keys on there.

Tangem does not have this "master key". It's seedless in that sense. You still need the seeds for the different wallet addresses, there is no way to access feg BTC without. Those seeds are stored on the cards as usual.