New

Hacken is launching a monitoring tool. Get details and join our beta program

More

Hardware Wallets – The Illusion of Total Safety

Hardware Wallets – The Illusion of Total Safety
  • Insights
  • analitycal assessment
  • blockchain
  • investigation
  • review
  • security analisys

3 Mar 2018

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 Reseach 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
      • whatsapp icon WhatsApp
      • telegram icon Telegram
      • 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

    1,070+ projects audited

    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

    1,070+ projects audited

    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