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What hardware wallets are you guys moving to next? Seems like Trezor isn't safe if someone gets hold of your device

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by COINS NEWS 106 Views

https://www.coindesk.com/tech/2023/05/24/crypto-security-firm-unciphered-claims-ability-to-physically-hack-trezor-t-wallet/

In a less than ideal turn of events, it appears that Trezor can't keep you safe from $5 wrench attacks.

On one hand we have the biggest hardware wallet company, "L" shifting its business model, veering towards a centralized subscription-based approach. This shift seems to be at the expense of the privacy of its users, a facet that is typically a key concern in this space. It's disheartening to observe such a move, especially considering that this pivot seems to be in pursuit of a monthly revenue of merely $10. The implication of this strategy is a reduction in the privacy protections leaving many users disappointed and seeking alternatives.

And now we have Trezor who is often criticized for lacking a secure element chip, as pointed out in this tweet: https://twitter.com/lemiscate/status/1659120785150078976?s=20. This could be seen as a significant downside given the security-centric nature of cryptocurrency transactions.

This situation begs the question: What are the viable alternatives when it comes to hardware wallets? It seems that the market offers a limited range of choices.

I guess there's no perfect hardware wallet. As the market continues to evolve, it would be intriguing to discover what other hardware wallets are being considered by the wider community. Eager to hear about any new and potentially under-the-radar options that individuals have come across. Feel free to shill!

submitted by /u/Trudahamzik
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