A word of caution on hardware wallets from onchain detective ZagXBT: the crypto community is being advised to think twice before relying on the likes of Ledger or Trezor in light of some troublesome updates. The well-regarded investigator puts forward an alternative for cold storage that he deems more secure, namely the repurposing of an old smartphone.<\/p>\n
ZagXBT has pointed out that software update problems are affecting these popular hardware wallets with increasing frequency, and they can introduce vulnerabilities that put one\u2019s funds at risk. In a post to the Incrypted channel, he made it clear that this warning should be taken seriously by anyone concerned with the long-term safety of their crypto. Given how advanced phishing and other hacking methods have become, even the most trusted piece of hardware can only be so reliable in the end.<\/p>\n
ZagXBT has a different take on the matter than the conventional hardware wallet: it is better to turn an old smartphone into a cold wallet. The trick is in the preparation; the phone must be thoroughly reset and then completely disconnected from the internet so there is no risk of remote compromise. For those wishing to establish a secure, offline place for their crypto, the Incrypted website offers a thorough guide on how to do it.<\/p>\n
Then there is the matter of Air-Gap, a technology that comes in handy for signing transactions with QR codes while offline. In this way, one can authorize a transaction without ever putting private keys at risk, all while the funds remain on a device that has never been online.<\/p>\n
Incrypted has put together a detailed, step-by-step guide to turning an old phone into a cold wallet. But for those who would prefer a more hands-on approach, the team is open to running a video experiment on the channel, provided the community shows some interest.<\/p>\n
We ask that viewers make their voices heard with a like or a comment. Such feedback will be the deciding factor in whether we put together a full demonstration of the process, which would go a long way in making cryptocurrency security less daunting for newcomers.<\/p>\n
Source \u2014 Incrypted: https:\/\/www.youtube.com\/watch?v=IGppvdOr7SM<\/a><\/em><\/p>\n <\/p>\n