Hardware wallets like Trezor and Ledger are terrible choice for privacy as they’re more like hot wallets. You need to download their shitty electron app to configure your wallet and even if these apps are open-source I can’t consider them safe, because they have toooooo much features. At the same time they’re missing basic features like connecting through TOR network to them which should be must have as they rely heavily on internet features like online exchanges which can easily reveal your data.
Do you have any idea how to access crypto easily while at the same keep it private and safe?
If you want privacy you should be using Monero. If you use Monero you can use the official wallet together with Trezor. In fact, if I am not mistaken you have to, because from what I recall the Trezor Suite has no support for Monero.
deleted by creator
If the air-gapped phone is stolen, is guessing the PIN to unlock the phone the only thing stopping the thief from spending the victim’s money at that point?
deleted by creator
And in case is stolen, you have a good amount of time to move your coins to another wallet.
In other words, restore the wallet to a different device using the master key, and then transfer the coins?
deleted by creator
how to access crypto easily while at the same keep it private and safe?
These are conflicting requirements, true for all valuables: more accessible is less safe, more secure is harder to access. The solution is to split up your money in levels.
-
Some hot crypto on your phone, like cash in your wallet. I keep about $100 of monero on my phone, ready to spend if I meet an accepting merchant.
-
Similarly, leave some hot crypto on the exchange if you trade regularly.
-
Some warm crypto on your pc, locked, secured, protected by dog and gun. This is like your checking account, ready to send to an exchange if fiat is needed on a rainy day.
-
Everything else in air-gapped cold storage. Bury the seed phrases and tell no one. This is your “savings account”, the stuff you will hodl and pass on to your kin, with no plans to ever sell.
-
Since by design cryptocurrencies aren’t backed by banks/nations and any transaction is permanent, they are by definition not safe.
At best, you can save out your wallet to an encrypted drive, then write it back to your phone when you need to use it. Make copies, so if one gets lost, you don’t lose the value itself.
For me it’s argument why they might be safe. Of course cryptocurrencies in my opinion aren’t that safe and I have reasons to think like that, but I don’t agree with your agument.
If you’re down voting please share with your opinion in comments why you don’t like that much my post.
Because of this comment
Yeah you’re not entitled to people’s time cause they downvoted you OP.
