🇺🇦 Hacken was born in Ukraine, and we stand with all Ukrainians in our fight for freedom!

🇺🇦 Hacken stands with Ukraine!

Learn more

Hardware Wallets – The Illusion of Total Safety

Hardware Wallets – The Illusion of Total Safety

Published: 3 Mar 2018 Updated: 22 Sep 2022

A White Paper by Hacken’s Marketing Specialist

The number of crypto asset holders is growing every day; as a result, the question of storing funds safely is becoming more and more topical. Recently we wrote about different types of cryptowallets; but which of them are really safe? Hacken conducted some research and found that hard (cold) wallets are the safest and most convenient type of storage.
Having chosen TREZOR and Ledger Nano S as the best representatives, our specialist created a White Paper where both devices are evaluated.

First of all, it’s crucial to note that the perfect crypto wallet has not been invented yet; the one which doesn’t have any vulnerabilities and is completely convenient in use. Nevertheless, Ethereum Scam Database advises to use cold storage and mentions TREZOR and Ledger Nano S specifically. That’s why our focus fell on these models.

The White Paper has 3 main sections which are Tech Specifications, Exposure to Vulnerabilities, and Preventive Measures. The second section is worth extra attention, as it covers 6 possible attacks that the wallet holder may experience. Having reviewed our White Paper, you’ll learn the ridiculous reason why the ‘Man in the middle’ attack occurs most commonly with Ledger Nano S. Moreover, reading about the ‘Supply chain’ attack you will understand why the recent data breach occurred with devices bought on Amazon.

The aim of the White Paper is to ensure that you have chosen the right protection for your Bitcoins, Ethers, HKNs, or any other cryptos. Although neither TREZOR nor Ledger Nano S guarantees complete safety, today they are the most trusted ones. The Hacken team always strives to keep you up-to-date in the crypto world.

Have you already chosen the most transparent crypto exchange? Check it on Crypto Exchange Ranks.

It is the undoubtful fact that crypto currency is going to change our world for better.

Follow the trend!

share via social

Subscribe to our research

Enter your email address to subscribe to Hacken Research and receive notifications of new posts by email

Interested in getting to know whether your systems are vulnerable to cyberattacks?

Tell us about your project

  • This field is required
  • This field is required
    • telegram icon Telegram
    • whatsapp icon WhatsApp
    • wechat icon WeChat
    • signal icon Signal
  • This field is required
  • This field is required
  • This field is required
  • This field is required
This field is required
departure icon

Thank you for your request

Get security score on

  • certified logo
  • coingeco logo
  • coin market cap logo

1,200+ Audited Projects

companies logos

Apply for partnership

  • This field is required
  • This field is required
  • This field is required
  • This field is required
    • Foundation
    • VC
    • Angel investments
    • IDO or IEO platform
    • Protocol
    • Blockchain
    • Legal
    • Insurance
    • Development
    • Marketing
    • Influencer
    • Other
This field is required
This field is required
departure icon

Thank you for your request

Get security score on

  • certified logo
  • coingeco logo
  • coin market cap logo

1,200+ Audited Projects

companies logos

Get in touch

  • This field is required
  • This field is required
  • This field is required
  • This field is required
This field is required
By submitting this form you agree to the Privacy Policy and information beeing used to contact you
departure icon

Thank you for your request

Get security score on

  • certified logo
  • coingeco logo
  • coin market cap logo