Thank you. However, I am not sure how to access the other accounts with Trezor. Each time I plug in the Trezor and log in, I always have the same address. No option to select a different account.
Itâs great, but Iâm not using it until thereâs a non Trezor option for the seed. Thereâs no other XEM wallet that uses a seed and thereâs no way of getting a private key from the seed.
I asked for some input about it this in this thread - https://bitcointalk.org/index.php?topic=2622616.0
I asked Trezor themselves about this. They said go here at my own risk - https://iancoleman.io/bip39/
But this does not work as XEM uses a different curve to create private keys that isnât catered for there. Hopefully a tool will be put together soon or that one will be modified but at the moment one option from one company for funds does not reassure me.
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@topdog
From the âAccountâ menu, select âAdd a New Account into Walletâ to create a new account.
However, when logging in again, it will not appear, so the same work will be required.
That is why I am using Trezor only as a signing wallet and maybe some travel cash with NEM. But Trezor has been very responsive to keep up with the market. I expect NEM to jump a couple positions in the top ten coins. That will get attention from all wallets.
Wow, thanks everybody for the insight! alot to think about!
So the Trezor doesnât currently support recovery of the private key for the NEM nanowallet, which means that if lose/break my trezor then i will not be able to recover the XEM that were in the nanowallet by using my the recovery seed for the Trezor on a different Trezor?
But Trezor does have limited support for recovery of private key for XEM and will probably be providing full support soon, so does that mean that i would be able to recover the XEM in the nanowallet with a different Trezor if the Trezor breaks or gets lost? Or that i would not be able to recover funds until Trezor develops full support?
Also, what do you mean by Trezor having limited functionality for âexporting from Trezorâ? I need to click export every time i load up the nanowallet with trezor⌠do you mean a different kind of export?
You can use ANY trezor and input your seed words and password and recover all coins including nem in the trezor.
What I mean by limited export support is for example I can use xpub with bitcoin in trezor for external software to create the next address. But it is not as important with NEM because you reuse the same address with no security issues. In other words you only need one address for multiple receive transactions.
Technically in universal client using trezor, you are only using trezor to sign with the private key in the trezor. I suppose you could just export from universal client once signed in with the trezor. I notice the export to android and IO is inactive in my universal client when connected to my trezor but maybe it is because I have not loaded that account yet.
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Setting up the Trezor did not requiere a password. You mention password and seed words above. I only have the seed words, can you explain the password?
Well, I heard back from Trezor support. They agreed that the current BIP39 tools wonât work and if I want a private key from the seed Iâm on my own.
Er, thanks.
So why are people in the thread been saying that they wonât use the Trezor with NEM (or will only use it as a signing wallet in a multi sig setup) until the software allows for full recovery of the private seed?
Since you can use ANY trezor and input your seed words and password and recover all coins (including nem in the trezor), then why is there any concern about the Trezor wallet not allowing for full recovery of private seed of nem? Is it just because you canât use things like xpub to do things like create addresses? Or is because of more essential concerns like losing funds/access to wallets?
Also, how does that work with what mizunashi wrote here?
So, if my Trezor breaks and i had XEM on it, then i willl be able to recover all of the coins and i wonât be able to move them fine, as long as Trezor company is still working. But if i my Trezor breaks and i had XEM on it AND the Trezor company dissoolves, then i wonât be able to recover or move any of the coins that were on the trezor. Is this correct?
Correct. That is the concern.
As far as I know thatâs not the case with ANY other currency on Trezor or any other wallet. And most people would not be comfortable with the situation as it is very definitely including me.
Iâve heard many a person say itâs little to no work to whip up a tool to extract the keys. If it was that easy I donât really get why something wasnât released at the same time with plenty of caveats for users.
Hopefully something will be along soon at which point Iâll be happy to use it. Until then, Iâm not willing to be completely dependent on Trezor.
As I said, I will use trezor for signing wallet for the time being and holding nominal cash. Keep in mind the trezor is self contained. If you own two of them and one breaks and the company is gone, the other can still load all coins including nem for processing with the code IN the trezor. Due to how long Trezor has been at the forefront of the industry, I would expect NEM to close before Trezor. You could buy one trezor now, load a seed and password, get your nem address created inside and smash the device. In six months buy and old trezor from ebay and reload with the seed and password and recover everything including the XEM.
Remember, it was not Trezor who built the app it was a NEM programmer working with Trezor. I am very happy they have some solution so quick and look forward to much more support reasonably soon.
The private keys are NOT easily accessible from Trezor for other coins like bitcoin. The whole point is you NEED âAâ Trezor to sign the transaction. Exporting the address to Universal Client is exactly the same as exporting an XPUB to a bitcoin wallet. You can watch but not sign without the trezor. Because Trezor is open source, if the company failed, someone would quickly write code to recover private keys from the Trezor, provided you have the seed and password.
Could you please explain the password? I only have the seed words and pin but no password.
You can create any number of passwords with the same seed words and it creates separate wallets. Check out the trezor website has full examples.
Saleem Rashid, the Trezor XEM developer, has now come up with the tool to get the private keys offline from the seed. This is exactly what anyone needs to be absolutely secure about using a Trezor from now on. Major kudos to him.
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How is this done? Is it safer to have the XEM coins in a local storage wallet? The start.html page does not give me a great feeling. If a newer version of the nano wallet is released, how does one update the old version to the new version and still keep the coins?
For starters you should only ever use it on a computer that will never see the internet. Youâll probably also never need to use it. Itâs purely a backup option.
Itâs purpose is in case you need a private key if you canât get another Trezor or Trezor disappears. Then you can stick the extracted private key in the nano wallet and your Trezor coins will be restored there.
Iâve tested it extensively and it works perfectly. You enter your Trezor seed in the bip 39 mnemonic box and then below youâll see the Trezor addresses and the corresponding private keys.
Test it with a junk seed and youâll see that it works. You can also enter the private key offline in a nano wallet and itâll show you the matching address.
As for the second bit, your coins live in your Trezor. The Nano Wallet is only used to interact with them. Updating the nano wallet wonât make any difference.
So you recommend to clean the trezor before taking a flight?