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Get a hardware wallet then -- the Ledger Nano S is great.
by Torn 9y ago
Get a hardware wallet then -- the Ledger Nano S is great.
- xnzakg 9y agoThere might (in theory) be some kind of backdoor on the device, that could allow the chrome app to send the private key or seed somewhere...
- charlesdm 9y agoI think the idea is that the seed and associated private keys are stored securely on a secure element, and they cannot be transferred to your computer. Only a signed message that allows broadcasting of a signed message can. But I could be mistaken?
- josephagoss 9y agoIs this just a technical possibility or is there evidence that this could be the case?
- stef25 9y agoNo evidence afaik. Plenty of scenarios involving unknowingly buying a "pre owned" wallet, hacked firmware updates etc ...
- annabellish 9y agoYou don't even need that, there's been a bunch of fraud in hardware wallets from people simply pre-setting the seed and shipping them with a "this is your seed, don't forget it" slip. Not everyone will use that seed, but some do, and then they lose their money. Basically, unless you're 100% vigilant literally all of the time, you're in trouble. This is just one reason why we invented banks, to centralize risk and mitigation.
- sethgecko 9y agoThe chrome app doesn't know the private key and the nano itself only runs signed code unless you imply that the Ledger Company itself planted the backdoor.