Only with the recovery seed check with my Model One Trezor. Once I decide to upgrade to a Model T when I have much more BTC I will surely need to remember this to have a much better check. Awesome idea for a very long term storage of value with BTC!

Definitely! Glad to help :) I think the recovery seed check is probably good enough - I trust Trezor to have written that correctly

trying on Twitter to reach you but mess won't go. Any other way??

Is the set up the same for the Trezor one ?? And can ut be set up through Brave browser ?

Trezor model one tutorial here: kzfaq.info/get/bejne/rKijbNlixOCtp4E.html Brave browser works :) I just use Twitter

Thanks for the kind words🙏 Happy to help! Let me know how it goes!

Cheers bruv 🙌

Interesting, I haven't heard of cypherock. Yeah those hidden wallet features are cool

Cypherock is relatively new and hit their stride after the ledger debacle of exporting your seed to a third party. Coin bureau just gave it a 4.8 out of 5 stars. Highest review ever I believe.

Good idea, that screen is definitely not fat finger friendly

Any time bruv 😎

If I am receiving $100 in btc from a business outside of the country, can I have them send it directly to my Trezor, or must I go through a hot wallet first, thank you.@@RhettReisman

Glad to help :) Thanks Marc!

Glad to help :)

@@RhettReisman We would really appreciate if you make a video about the recent Ledger saga and whether Trezor was the right choice, thank you in advance 🙏

Going to make a short to address ledger situation this week. More hardware wallet thoughts coming in the next few weeks to properly address ledger 🫡

I haven’t used it but I imagine Ledgers check seed function is probably the same as Trezor’s that I ran toward the end of this video. In both cases you’re trusting ledger and trezor to have written that check software correctly (which I personally think they have) but don’t trust, verify.

Omg I’m so dumb. Plz don’t take my money

Glad to help :)

Happy to help :)

Happy to help :) Think trezor is easiest but I prefer coldcard. Forces you to learn more about behind the scenes how Bitcoin works. Sparrow wallet is a great interface for coldcard

You shouldn’t need to, all the important information is calculated on device

Yeah that’s a great point. There are some cylindrical designed steel seed pod things that basically do the same thing but are probably easier to hide. I would probably question why you need to carry the seed phrase unless you’re fully nomadic (in which case maybe some multisig setup would be better 🤷🏻‍♂️)

Glad to help :)

Yes!

Happy to help :)

Happy to help :)

There isn't a difference between 12 words and 24 words from an entropy perspective and I didn't want to write down 24 words haha Explanation of the entropy here: kzfaq.info/get/bejne/i5aEZ5yV2rjYZ2g.html Yeah the wallets are hierarchically determined so any crypto wallet you have on the trezor will use the same seed phrase. BTC only affects the firmware. Some people see the firmware accepting altcoins to be an attack vector (and they might be right) but I think this is a very small risk.

My Casa ends in May, planning to move but haven’t set up a 3 of 5 on UC yet

@@RhettReisman UC does not offer a 3 of 5. THey offer a 2 of 3.

You can create a 3 of 5 through their caravan software. I’ll have a video up on how to do it before May hopefully

@@RhettReisman Thank you. Looking forward to it. I met with their conceirge service 2 weeks ago. UC mentioned that if I setup 3 of 5 via Caravan, I am not covered by them and out of support as they do not hold any keys.

That’s interesting - I didn’t know that. I’ll have to look into it more

Anytime :) I appreciate you 🙏

Yeah you should be able to generate a seed phrase offline (because that happens on device) once you've downloaded trezor suite locally You might be able to do it with like Sparrow wallet too instead of trezor suite

@@RhettReisman Thank you for your fast response. The thing is i was creating a new seed using Trezor and when i was finished making the seed i saw that the ethernet cable was not plugged into the computer. So the computer was offline the whole time i was creating the seed. ( i do not have wifi ) I used Trezor Suite downloaded desktop version. The computer was offline the whole time from the start making the seed til the end. But i still managed to create the seed and the wallet is working fine right now. Do you think this is normal for using Trezor ? Do you think i have to be worried about the seed or anything else ?

Cheers bruv 🫡

You heard right - it's the mempool Video here: kzfaq.info/get/bejne/ptV1hZx13NCdd5s.html

DM me on Twitter @rhettre

@@RhettReisman Never did the DM but will try today.. Thanks

@@RhettReisman tried but it says the message didn't go through even with the retry ...hope to talk with you soon ...

What is your @ on Twitter? I’ll dm you

@@RhettReisman @MicWell1

Glad to help :)

That’s correct. The seed is on the device. If they steal the device and know the password they can send the funds. To protect against this you can set up a multisig.

Yeah just run the check - bonus points if you run the check on multiple wallet softwares, but running the check should make you like 99.99% sure that your seed is correct

You should be able to reinstall trezor suite to fix that problem

You shouldn’t move your software wallet to your hardware wallet see this video: kzfaq.info/get/bejne/ib6dgJp-29fOcmQ.html

Damn lol that’s one way to check haha

I haven't used it before, I probably wouldn't put seeds into a password manager. Maybe if you use a multisig

Yeah I would just use the standard wallet

Glad to help :)

@@RhettReisman just got mine in the mail yesterday ngl the whole process is a little nerve racking

Which part did you find hardest or gave you the most stress?

yes! factory reset will let you generate another seed. you could then load both seeds onto the trezor at different times

Yeah this is how you create a new wallet. Your trezor device is never connected to the internet. It just signs transactions

Yeah you can do 24 on a trezor. However, best practice is 12, 24 doesn’t provide any extra protection or entropy.

I haven’t tried linking trezor with exodus before. You can use a trezor without using exodus and just use trezor suite. When you initially setup a trezor it has nothing to do with exodus - hope that made sense

Yes, thank you so much. I'm pretty green in this arena, and appreciate the insight@@RhettReisman

Depends on your use case. Compared them here: kzfaq.info/get/bejne/jst7hrt42tuskmg.html

You can download trezor suite from the Trezor links in the description :)

You should be able to sign using trezor with other applications not just trezor suite. Not sure if I understood the question correctly :/

Can you initialize the Trezor device and set up the recovery phrase without having to connect it to the computer's USB?...Set it up off line?@@RhettReisman

I haven’t used the Abra app. You should be able to send from Abra without hooking Trezor to your phone. Only time you would need to hook trezor to your phone would be signing a transaction sending crypto out of your Trezor to any other app.

I haven’t used Abra before, but there should be an option in Abra (your exchange) to send crypto. You’ll click send crypto and then when it asks for a receiving address you can generate an address from the Trezor like we do in the video. Hope that helps?

It costs $15 to send $10 of Bitcoin

Fee calculation can get a little complicated but i think it’s probably that you’re trying to spend multiple UTXOs. IMO it’s not worth sending on chain transactions that are less than $30

Lol if you’re using trezor there’s a setting that says “check recovery seed” which will allow you to, on device, confirm that your recovery seed is actually the address you’ve been sending funds to. If it’s not (rip) send your funds to another wallet asap, reinitialize your trezor (or whatever wallet you’re using), don’t skip this step, and then send the funds back.

@@RhettReismancopy that! 🙌🏾

Yeah would be good to verify that your trezor is legit, you could do a factory reset at the beginning of the process, but you should see on first startup that there’s nothing on the device because youre installing a fresh firmware. And then to reinitialize wallet you’ll put the seed phrase on the new device

@@RhettReisman cheers. I trust that...the seed phrase can be entered on the T and/or by doing this 'checking seed works' process...we arent compromising the seed in any way?

As long as you have legitimate trezor firmware, a legitimate trezor suite app, and a legitimate trezor device, entering your seed phrase is secure.

@@RhettReisman as much as i kno! aswell as the sticker on the device when new (?) im checking with trezor how to check that mine is genuine (coming in mail)...but its coming from genuine australian re-seller, app had correct website address (and certificates valid) for downloading app...so looks ok there too. new trezor should come with up to date firmware eh? thanks 🙂

Think you should choose firmware to install when you setup the device for the first time. Rest sounds right.

Yes

The Trezor Model T does not directly support staking. However, it allows you to link your wallet to staking pools or validators. A well-known service for this is AllNodes, which currently supports staking of over 50 digital assets that you can stake directly with Trezor Per this article: themoneymongers.com/crypto-wallets/best-staking-wallet/

Okay sounds good, do you have any experience with the Ellipal Titan ?

I haven’t used it before, no :/

You don’t need to “log out” trezor suite is just showing the xPub of your trezor wallet. You shouldn’t use trezor suite on a shared computer. If you do you should uninstall trezor suite after you use it

@@RhettReisman That's great, thanks. I don't look at it often, (not much in there), but it always annoyed me, so I kept looking and looking, but to no avail.

Software on the trezor creates the seed phrase at the time that you generate a new wallet, it’s not already on the device when you buy the device new from the manufacturer. Trezor doesn’t know your seed phrase. You can reset the device and it will generate a new seed phrase.

@@RhettReisman Thank you very much for your answer. 👍

You can add accounts through trezor suite but if a coin is not compatible with trezor suite, you can’t store that coin on trezor you’d need a different hardware wallet

@@RhettReisman Thank You, I will try and might need to follow up w/a question or two. I was hoping to see a video on how to follow. I had three breeches, they stole from my Coinbase account, which they are working w/me, Pergo and all of my Algo is gone and the biggie was my Gemini account. I want cold storage..... when and if XRP takes off, I don't wish for a thief to get my riches.

Jeez that’s crazy man. Sorry that happened 😕

Hey what happened

That sounds like a nightmare. Definitely consider a coldcard or a ledger they’re both great devices.

Thanks for the response. I have a lot of devices as it spreads the risk. I had some issues with ledger also ( at one stage they got my balance wrong by 3 BTC)@@RhettReisman

That sucks man How did you secure your seed? Feel free to email me rhett@rhett.blog or dm me Twitter @rhettre if you don’t want to share.

Kept them on me at all times, and even carried a hard wallet on me wherever I went. Complete waste of time.@@RhettReisman

Seems like they are on the old, intermittent and grumpy Trezor One. Somehow the coins had been disabled. However, nothing shows up on the T. Very odd, as it worked whilst transferring to the T, then suddenly everything went absolutely haywire. It would take a book, to explain it all. So there is hope, wish me luck trying to actually get to them now.@@RhettReisman

You’re right, how could I be so stupid

12 words remembered are better than 24 forgotten

@wardm7115 exactly

Never heard of it 🤷🏻‍♂️

@@RhettReisman are you kidding is one of the best cold wallets out there

🤷🏻‍♂️ seems decent at best