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@onealfa
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2 min read

Wow, what an interesting, (and in some places - funny) review. Everyone reading should always keep in mind, that all this came from a person, who very well understands what he is doing. Now imagine this COBO device gets into a hands of noob, who has zero experience with cryptos, and just wants his funds put into BTC, to hedge his wealth for the coming messy days.... :)

re: trust

When I see this word, I always remember that short funny video seen on YT many years ago "LESSON #1 - Trust nobody, son!" Whatever hardware wallet you like to use - no matter who has build it, how well it's done, and how much you can trust the manufacturer - the bottom line always is (as I see this) - how securely you will be able to handle and save your 24(12) word mnemonic seed. If it leaked - all your crypto funds are GONE. ALL. In a blink of an eye.

Why not just get into a very secure environment (which you can fully trust) , generate there your 24 word random seed, extract 3-5 first Public addresses with Ian Colleman's tools, transfer your long term savings into those addresses, and then live your usual normal life until the 5th or 7th BTC halvening? Because hardware wallets are mainly built and used for a LONG term hodling anyway, right?

Is there anyone on this planet, who would feel secure and confidant with funds in the HARDWARE wallet, but without a 100 times more secure place and environment of your MNEMONIC SEED? Without that seed, (which ONLY I can care off, and do not have to trust anybody else on this planet) - I would not transfer into hardware wallet even 1/10 of the BTC. No matter who has made that wallet, and how nice all their security promises look and sound.

Posted Using LeoFinance