Just wondering why to use a hidden wallet ? I thought trezor wallet is already secure as noone can’t get to it apart from you . So is it not safe keep in a standard wallet ? As hidden wallet is another extra passwords to remember… just so I understand noone can’t get into your wallet unless they know password or seed phrase , so why have this extra security ?
Suppose, if you lose your trezor device when you go out, the device falls into the hands of a top hacker. Your recovery seed may be extracted, but the coins in your hidden wallet are safe!
OK I understood but they can’t hack seed phase without having my device right ? So having hidden wallet better if they access my device and get seed phase they need ro hack another extra password then ?
The recovery seed is stored deep in the device and can be extracted by powerful hackers, but the passphrase to open the hidden wallet only participates in the algorithm of sub-wallet generation, and is not stored anywhere in the device, so it is very safe.
Even if you are threatened and forced to surrender the phrase of one of the sub-wallets, the other sub-wallets are safe.
So how do I move it there ? Do I just click receive and send to another wallet like I would do ffom exchange or is there more simple way to move between trezor wallets ?
When using a blank hidden wallet, you can copy the first receiving address of btc, then log out, and then enter, and see if the first receiving address of btc is the same as the one copied last time to determine your passphrase if it is wrong.
I’ve had a Trezor One for years, but now have purchased a Trezor Safe 3. My intention is to set up a hidden wallet with the bulk of my coin. I seem to have not understood that the term “hidden” refers only to hidden from someone that has gained access to my seed words. This is apparent in that when I log into Trezor suite with my device and pin, the first thing I see is "Select Wallet Type - Standard or Hidden. I had thought the idea of a hidden wallet was to protect from the infamous “$5 wrench attack”, so someone forcing me to open up the hardwallet and transfer coins to their address, would be fooled by the hidden wallet thing and they would only get the decoy wallet contents. Am I correct about his issue? Is there an actual $5 wrench solution? Thanks!