Trezor CCO Rebuts ZachXBT, Says Hardware Wallets Are Best Option for Self-Custody
Summary
- Trezor CCO Danny Sanders said hardware wallets may be somewhat inconvenient, but it is not appropriate to reject them outright.
- Sanders said standard hardware wallets alone may not provide enough security for professional investors, but that does not mean all hardware wallets are bad.
- Sanders said hardware wallets are the strongest self-custody tool available for ordinary digital-asset investors, and stressed that a key advantage is the ability to verify transaction details on a separate screen before signing.
Forecast Trend Report by Period
Trezor pushed back after prominent digital-asset sleuth ZachXBT recently criticized hardware wallets.
The Block reported on July 18 that Danny Sanders, Trezor's chief commercial officer, said in an interview that hardware wallets are admittedly somewhat inconvenient at this stage. But he said it is not appropriate to use that as a reason to dismiss all hardware wallets as useless.
ZachXBT had earlier written on Telegram that "all hardware wallets are complete trash" and should not be used to store assets or sign important transactions. He said using a separate iPhone as an offline wallet would be a better alternative.
Sanders said standard hardware wallets alone may not provide enough security for professional investors. Still, not all hardware wallets are bad, he added.
He also said smartphones, the alternative proposed by ZachXBT, can connect to other devices through Wi-Fi or Bluetooth, leaving them more exposed to attacks. For ordinary digital-asset investors, hardware wallets remain the strongest self-custody option currently available, Sanders said. He added that a separate display is another key advantage, because it allows users to verify transaction details directly on the device before signing.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.