A surge of distrust among crypto holders has emerged, especially regarding hardware wallets like Ledger and Trezor. As of July 2025, many individuals are now considering drastic measures to secure their assets, influenced by escalating discussions on user boards.
Skepticism towards Ledger continues to mount. A forum contributor stated, "Ledger's code is closed source, which means only they know whatโs really in it." This aligns with others who feel that relying on Ledger is risky due to several security breaches and questionable practices.
Conversely, Trezor has received praise for its open-source code, with supporters arguing that transparency allows for community verification. One commenter highlighted, "Trezor is open and trustworthy," emphasizing its appeal compared to Ledger.
To address security worries, many are suggesting the implementation of air-gapped setupsโcomputers that remain disconnected from the internet. A recognized recommendation includes securely storing hardware and passcodes in fireproof safes. Several people mentioned using encrypted USB sticks for keys to enhance protection. "Your plan is solid, get an air-gapped PC and store your private keys in safe locations," one user remarked, reflecting a cautious approach.
The Cold Card MK4 is increasingly being viewed as a secure alternative. Users have shared positive experiences after switching, with comments like, "Switched to a Coldcard Q and havenโt looked back." This shift highlights a trend toward wallets specifically designed for Bitcoin to bolster security.
Concerns about scams and attacks continue to circulate. People are posting urgent warnings, with one individual stating, "If you receive suspicious private messages, be extremely careful." Security education appears crucial as community members advocate for heightened vigilance.
"Using a hardware wallet that is specifically designed for this purpose is the safest thing you can do," argued another participant.
โก Distrust in Ledger grows, significant concerns raised about closed-source security.
๐ Trezorโs open-source code has strengthened its reputation among holders.
๐จ Escalating fears about scams underscore the need for caution within the crypto community.
As discussions on security deepen, can the crypto community reconcile trust issues with industry standards? With ongoing shifts in sentiment driving user behavior, hardware wallet manufacturers may soon face significant pressure to enhance their security offerings.
This rising concern mirrors past challenges faced by industries in adapting to new technologies. Just like the music industry learned to protect artists from piracy, the current situation with Bitcoin could inspire innovative security solutions, potentially shaping a new era of asset protection in the digital currency field.