It is not enough to just generate the keys offline. The device used to generate the keys should never be connected to Internet except when you are ready to empty the wallet.
Well that is Trezor. Have you ever looked at Trezor? It only interacts with Trezor Suite and doesn't go online unless doing some kind of transaction.
The password and pin can only be input on the device.
A password scrambles the keys even more adding another layer of complexity. Even if somebody had the device if they don't have your password they'll find nothing.
This is the worry. If there is the hardware ability to connect to a network, you can bet that there will be backdoors. I am wise enough over the past 3 years to know, not only is this possible, I am willing to bet that it is already present and dorment. Like I said, when companies claim "open source", they are almost never top to bottom open source, including their firmware.
Personally, I only trust my old laptop with ethernet modules disabled, with my own code to generate the keys. And I dont use it for transactions - only to accumulate crypto for long term. When I need to ever move it out for any reason, then I will do it from a different computer, and move the remaining remaining crypto into a new similar secure wallet.
That's pretty safe, I agree. Unfortunately a bit too technical for general folks though.
IOG who are the primary builders of Cardano have been talking about making a simple offline paper wallet that is open source so regular joes can use that too. We'll see what happens.
Which is exactly why I think Trezor Hardware wallet is the best wallet to get.
It is open sourced and you can generate keys offline.
It is not enough to just generate the keys offline. The device used to generate the keys should never be connected to Internet except when you are ready to empty the wallet.
Well that is Trezor. Have you ever looked at Trezor? It only interacts with Trezor Suite and doesn't go online unless doing some kind of transaction.
The password and pin can only be input on the device.
A password scrambles the keys even more adding another layer of complexity. Even if somebody had the device if they don't have your password they'll find nothing.
This is the worry. If there is the hardware ability to connect to a network, you can bet that there will be backdoors. I am wise enough over the past 3 years to know, not only is this possible, I am willing to bet that it is already present and dorment. Like I said, when companies claim "open source", they are almost never top to bottom open source, including their firmware.
Personally, I only trust my old laptop with ethernet modules disabled, with my own code to generate the keys. And I dont use it for transactions - only to accumulate crypto for long term. When I need to ever move it out for any reason, then I will do it from a different computer, and move the remaining remaining crypto into a new similar secure wallet.
But thats just me.
That's pretty safe, I agree. Unfortunately a bit too technical for general folks though.
IOG who are the primary builders of Cardano have been talking about making a simple offline paper wallet that is open source so regular joes can use that too. We'll see what happens.