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Bitcoin => Bitcoin Discussion => Topic started by: n0ne on October 15, 2020, 12:41:17 AM



Title: Hardware Cryptowallet with Fingerprint Authorization
Post by: n0ne on October 15, 2020, 12:41:17 AM
Gate.io one of the cryptocurrency exchange have unveiled the new hardware wallet with fingerprint authorization. Key features of the hardware wallet include a built-in display for the fingerprint recognition. The product is termed to be S1, and is designed to store more than 10000 crypto assets.

Wallet S1 is the first of its kind with fingerprint authorization, has got the option to synchronise with the laptop/desktop/android smartphone for making transaction authorization. However it is available in the China market at present. Expected to be available to the market outside of china soon. The price of the product is expected to be $50.

https://i.imgur.com/YBHoQwR.jpg

Source : coindesk (https://www.coindesk.com/gate-io-unveils-hardware-crypto-wallet-with-fingerprint-authorization?amp=1)


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: GreatArkansas on October 15, 2020, 01:28:07 AM
Wow. Another great innovation within cryptocurrency. The price is also not expensive, compare to other hardware wallet.
But for me here, it's not the fingerprint authorization is the important here, it's still the security.

Just like this Hackers Claim ‘Any’ Smartphone Fingerprint Lock Can Be Broken In 20 Minutes (https://www.forbes.com/sites/daveywinder/2019/11/02/smartphone-security-alert-as-hackers-claim-any-fingerprint-lock-broken-in-20-minutes/#5d3db6a76853), although this is only on smartphone but maybe there is any possibility they can also do it on this kind of hardware wallet.
Overall, I really admire this new kind of hardware wallet, it's my first time to see a hardware wallet with fingerprint authorization.



Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: crwth on October 15, 2020, 03:47:33 AM
This kind of technology is being used in external hard drives/SSD’s and to make it into the hardware wallets means everyone is taking it up to the next level. It's nice to see different kinds of innovations being applied to the cryptocurrency space. It just shows that every time we see more and more adaptation of crypto.

I would like to have one, but it's another expense, though. I'm worried about the reputation as well. I will probably wait for reviews too.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: meanwords on October 15, 2020, 04:10:11 AM
It's pretty cheap for a new innovation like this so there must be a catch to this, or they are just trying to advertise this new system to the masses as much as possible by making it cheaper than most hardware wallet.

I'm kinda wondering about the security though. What can the users do if the handprint is compromised.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Gotumoot on October 15, 2020, 04:20:17 AM
Another cool crypto wallet I only have nano ledger and there isn't a chance for me to access it on mobile phone.
I think this one is really great and much more secure since it is fingerprint authorization and I like that it could also be used with just a mobile phone I know that there are some ledger that is already being used with just mobile phone,
But this is one is much better I think I would save some to be ready to purchase one of this hardware wallet and I hope that there wouldn't be any problem with it.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: TGD on October 15, 2020, 04:26:05 AM
It's pretty cheap for a new innovation like this so there must be a catch to this, or they are just trying to advertise this new system to the masses as much as possible by making it cheaper than most hardware wallet.

I'm kinda wondering about the security though. What can the users do if the handprint is compromised.

I agree this is very cheap but take in consideration that the product was made in China so obviously they used low cost materials and cheap labor compare on other hardware provider like ledger and trezor that production take place where materials and labos is very expensive.

This new hardware wallet is very promising and definitely will be a hit because of price and special feature. I hate those traditional security like pin to access my hardware wallet. I will buy one of this once available in the public market.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: mk4 on October 15, 2020, 05:39:13 AM
I completely get that these sort of "cool features" are nice, I think it's really a bit too much and a bit too unnecessary. For a smartphone that I pretty much use everyday and I have on my hand a lot of times? Makes complete sense. For a hardware wallet that has my funds that I mostly just hold and just transact from time to time? A bit unnecessary. A cheap small Ledger Nano S or Trezor One is enough for me.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: dunfida on October 15, 2020, 05:53:48 AM
I completely get that these sort of "cool features" are nice, I think it's really a bit too much and a bit too unnecessary. For a smartphone that I pretty much use everyday and I have on my hand a lot of times? Makes complete sense. For a hardware wallet that has my funds that I mostly just hold and just transact from time to time? A bit unnecessary. A cheap small Ledger Nano S or Trezor One is enough for me.
Also, im not really that too confident on the word "China" yet its currently just for China market as of today.Im aint saying that security is problem.Lets see if this would really be just
similar into those known hardware wallets in the market. Fingerprint authorization is really a cool feature but i do agree on what you had said that it isnt really that necessary
if you do just simply hold and dont make use of these HW for long time but still a good add up too but i doubt that this would get much attention. 50 bucks isnt really that
expensive though but i might consider on buying this up if this really get some good or positive feedbacks.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: dothebeats on October 15, 2020, 06:14:27 AM
Aren't fingerprints easy to replicate on such fingerprint readers? There's even a story of a hacker replicating fingerprints of a German politician using only a photo (https://www.bbc.com/news/technology-30623611#:~:text=A%20member%20of%20the%20Chaos,taken%20at%20a%20news%20conference.). As efficient and as handy (no pun intended) this biometric security is to have, it also comes with some concerns. It's fancy, easily accessible and also cool to have, but on the security side which these tools are much needed for, it isn't really as great and fantastic as any other alternatives out there. I'll stick with my paper backups and create a ton of them scattered on some parts of the house , I guess.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: witcher_sense on October 15, 2020, 06:55:31 AM
I completely get that these sort of "cool features" are nice, I think it's really a bit too much and a bit too unnecessary. For a smartphone that I pretty much use everyday and I have on my hand a lot of times? Makes complete sense. For a hardware wallet that has my funds that I mostly just hold and just transact from time to time? A bit unnecessary. A cheap small Ledger Nano S or Trezor One is enough for me.
I think the point here is that this hardware wallet is not designed for hodling, it is designed for convinient shitcoin trading, stacking, yield farming, you name it. Gate.io, an exchange that launched this wallet, is not interested in their users holding something. Gate.io is interested in their users trading ten thousands of shitcoins (luckely the cool hardware wallet supports all of them) and paying commissions to exchange. That is why they embedded the fingerprint recognition technology into their wallet, such hardware wallet is to be used on everyday basis, like a smartphone.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: romero121 on October 15, 2020, 07:05:30 AM
I completely get that these sort of "cool features" are nice, I think it's really a bit too much and a bit too unnecessary. For a smartphone that I pretty much use everyday and I have on my hand a lot of times? Makes complete sense. For a hardware wallet that has my funds that I mostly just hold and just transact from time to time? A bit unnecessary. A cheap small Ledger Nano S or Trezor One is enough for me.
I think the point here is that this hardware wallet is not designed for hodling, it is designed for convinient shitcoin trading, stacking, yield farming, you name it. Gate.io, an exchange that launched this wallet, is not interested in their users holding something. Gate.io is interested in their users trading ten thousands of shitcoins (luckely the cool hardware wallet supports all of them) and paying commissions to exchange. That is why they embedded the fingerprint recognition technology into their wallet, such hardware wallet is to be used on everyday basis, like a smartphone.
We don't know to what extent this hardware wallet is secure. Gate.io might have got different plans of developing such a hardware wallet, but the fingerprint access will surely help with the heir if something happens in between. As the synchronisation also requires the fingerprint recognition it isn't easy for someone to take control of the funds.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: sunsilk on October 15, 2020, 07:54:40 AM
A cheap small Ledger Nano S or Trezor One is enough for me.
I haven't bought the X version of Ledger and I'm still happy and content with the old S that I've got. This fairly says that even the older version of Ledger is still working fine as cold storage.

I might buy another one if I want to, just to try new things for hardware wallets and see for myself the experience that it can bring me. As for the Gate.io's hardware wallet, I'll wait until some hardware experts get to see its pros and cons or the codes that have made behind it.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: taufik123 on October 15, 2020, 08:47:11 AM
The emergence of wallet gate.o S1 is only an invasion of a new hardware wallet which can be an option for some people who want to get a hardware wallet that is cheap and capable. Security using fingerprints is a standard security at this time, but it requires additional security. because if you only use fingerprint security, it will certainly be very frustrating when your fingers cannot be detected by this hardwallet frame.

You have the same problem with me dude
I hope it has a pin code back up. Sometimes my finger doesn't work on the phones I've owned. What if something happened to your finger?

The hardware wallet launched by gate.io will probably continue to be developed and this is a start with the Wallet S1 series and then there will be some updates about security that are further improved.



Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Leviathan.007 on October 15, 2020, 09:25:14 AM
Comparing to the other hardware wallets, this one is very cheap and this cheap price made me worry about the security of this hardware wallet. However, china has a very long and old experience of creating and selling cheap stuff. But, when you are talking about a wallet to hold your funds on it, security is much more important. However, the technology of fingerprint authorization is kinda new on hardware wallets, but not that much strong because I saw in the news that hackers can easily bypass it.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: kryptqnick on October 15, 2020, 09:30:25 AM
I completely get that these sort of "cool features" are nice, I think it's really a bit too much and a bit too unnecessary. For a smartphone that I pretty much use everyday and I have on my hand a lot of times? Makes complete sense. For a hardware wallet that has my funds that I mostly just hold and just transact from time to time? A bit unnecessary. A cheap small Ledger Nano S or Trezor One is enough for me.
Well, maybe it depends on how much money is in the wallet and how valuable it is to the holder. I don't have significant sums in BTC that I would not afford to lose, so while I try to be responsible about security, I'm not going for an overkill. But if I had lots of bitcoins there, I'd probably want the highest security measures I could find.
I probably would not trust a new wallet with such a task, though. Like others, the first thing I thought about when I read about fingerprints was how secure it actually is. Others already mentioned potential issues with hacking such an authorization, and in that case it's a false sense of security that the feature gives, which is actually worse than if there were no such feature.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: lovesmayfamilis on October 15, 2020, 09:37:39 AM
Comparing to the other hardware wallets, this one is very cheap and this cheap price made me worry about the security of this hardware wallet. However, china has a very long and old experience of creating and selling cheap stuff. But, when you are talking about a wallet to hold your funds on it, security is much more important. However, the technology of fingerprint authorization is kinda new on hardware wallets, but not that much strong because I saw in the news that hackers can easily bypass it.

In my opinion, hardware crypto wallet innovation is the competition in the sales market. One and the same product will constantly improve, different gadgets will be added to it, and, naturally, the price will be more attractive to consumers. Reducing prices and increasing quality, this is marketing
 Only if we say that "A miser pays twice.", you should still think about old and tested devices. The same can be said for the mobile phone market.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Wexnident on October 15, 2020, 09:47:18 AM
I completely get that these sort of "cool features" are nice, I think it's really a bit too much and a bit too unnecessary. For a smartphone that I pretty much use everyday and I have on my hand a lot of times? Makes complete sense. For a hardware wallet that has my funds that I mostly just hold and just transact from time to time? A bit unnecessary. A cheap small Ledger Nano S or Trezor One is enough for me.
Isn't the fingerprint more for security purposes rather than ease of access? At the very least, it prevents the common robber from opening it immediately. And even if a specialized robber were to be presented with a fingerprint scanner for him to fool, it'd still take time. In addition to that, I suppose they should've also added an offline gps which probably turns on once a fake fingerprint is scanned so that when stolen, can easily be located. I'm just throwing out ideas here though I don't really know how that works.

I hope it has a pin code back up. Sometimes my finger doesn't work on the phones I've owned. What if something happened to your finger?

Yea this is also a wanted feature. I tried looking up info about it, couldn't really find any. Their announcement itself on their exchange also doesn't really contain if it has a pin code back up or anything, though it did state something about auto-initializing when detecting a brute forced attack.

In my opinion, hardware crypto wallet innovation is the competition in the sales market. One and the same product will constantly improve, different gadgets will be added to it, and, naturally, the price will be more attractive to consumers. Reducing prices and increasing quality, this is marketing
 Only if we say that "A miser pays twice.", you should still think about old and tested devices. The same can be said for the mobile phone market.
I highly doubt adding more gadgets to a wallet used for crypto is a good thing. Especially since you're mostly using the wallet to hold coins. Sure, if you were to use it daily in spending stuff then probably, a different wallet to hold crypto to spend and crypto to hold, but with our hodling attitude right now? I doubt they'd include more gadgets in a wallet.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: CryptopreneurBrainboss on October 15, 2020, 10:09:11 AM
Quote
I completely get that these sort of "cool features" are nice, I think it's really a bit too much and a bit too unnecessary.

For those criticizing the figureprint authorization feature, I believe they're trying to make the new hardware wallet sellable like introducing something new they feel their customers or target audience (which obviously are the youths) will feel it's cool to use. I won't mind owning one if it becomes accessable from my region ones the devices has undergo some audit and proven to be as secure as the Ledger Nano S or other top current hardware wallets.

The use of new technology are very common when new device are trying to enter their respective markets, you don't expect them to come with already existing technology and expect them to have an impact on the market. Since most already existing hardware uses password or pin to access their account, wallet S1 becomes more marketable since it fits the current market demand of convenience that the fingerprint option offers.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: bakasabo on October 15, 2020, 10:11:23 AM
Is there any information how secure this gadget really is? Anything about encryption or how safe gate.io is by itself?
Having a fingerprint scanner for authorization is great, but dont forget general security of this hardware. So far I see this fingerprint just an innovative thing to get attention, while there is few information about gadgets security. This looks more stylish than serious gadget to me.

This scanner does not look impressive. I have same fingerprint scanner in my gym. It scans your finger, checks if you have a valid subscription and lets you in. 3/10 times if fails to recognize my finger so I must turn to reception girl to do all the checking manually. If same will be with this cryptowallet, who I should turn to to authorize my transaction? :)

For example, even on iPhones 5-8 fingerprint does not work with 100% accuracy and you still need to enter pin. If Apple has issues with fingerprint scanner with their mass production, quality check and etc, what should be expected from someone that just entered hardware cryptowallet market?


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Eureka_07 on October 15, 2020, 10:17:04 AM
<snip>

In my opinion, hardware crypto wallet innovation is the competition in the sales market. <snip>
The most important thing for hardware wallets to have, to be able to compete with other wallets is it's security feature.
Security of the funds is the priority here, that's the sole purpose of hardware wallets.
Ofcourse, efficiency should also be there, reliability and some other important functionalities of the bitcoin hardware wallet.
Gain the trust of the customer and do not disappoint them, that will be a win-win situation for the both of the wallet and the customer.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: TedMosby on October 15, 2020, 05:45:59 PM
I just got my SafePal S1 a few months ago, and now a new hardware wallet named S1 too 😁
It surely not an air-gapped wallet, isn’t it? Because it has a feature that allows it to be synchronized with our gadget for making transactions authorization.

About the fingerprint authorization, is it a mandatory? Or just an optional feature?
What if someone tap my finger into my wallet and make a transaction?  ;D


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: worldofcoins on October 19, 2020, 08:21:19 AM
This wallet appears to be incredible and worth to purchase reasonable cost and solid item. But this security isn't sufficient.
I heard from peoples and watch videos where people easily break the security, including Fingerprint Authorization.
Furthermore, what occurs in case you're sleeping, and somebody utilizes your finger to open it?. Figured your own companion could treachery you.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Alucard1 on October 19, 2020, 08:58:20 AM
This is a good innovation for the crypto world, we are always looking for a safe and secured crypto wallet and me, a hardware wallet is the best one on which it is not prone to any hacker attacks. I am just worried about the price, this is much lower compared to another hardware wallet without fingerprint, it supposed to be higher because it has other feature which has none for another hardware wallet. I am wondering if this hardware wallet is secured one or not or maybe because it is new and it is already discounted.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: #dhabitamartha on October 19, 2020, 10:07:38 AM
This is good news that wallets are now stored on hardware and this technology makes us more at peace from hackers because now we can carry this tool everywhere and use fingerprint security and it will probably be widely accepted in any country.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: jademaxsuy on October 19, 2020, 10:19:23 AM
That would be great but if it will go online is there any chance that still that wallet could be hacked or getting phished or something?

I think all digital wallet that could be access online are still prone for phishing and hacking activity. All it needs for the hackers or phishers is the private key which will then be use when you will going to access your wallet online. In this case a finger print but of course it still be needing that private key having access only by a finger prints. Once the private key being expose by the hackers and phishers high chance that your funds will not be safe anymore.

This is for now the problem with digital wallet. All of it is requiring private key but could get compromise. How is it possible to make a device that could not be get hacked or phished out? Computers are also a good digital wallet as hardware wallet but once it get online it will still be prone to hacking and phishing activities.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Wawa2013 on October 19, 2020, 10:38:06 AM
This kind of thing is indispensable for the cryptocurrency community, hardware wallet with fingerprints authorization like this will
increase security. So investors will feel more secure with this innovation, This feature is actually implemented on smartphones first.
And now it's in the hardware crypto wallet, I am very happy to hear this information. And it's also quite affordable, because $ 50 is
a bargain in my opinion for such a tool.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: witcher_sense on October 19, 2020, 11:00:29 AM
You would lost your coin, but if someone have access to both hardware wallet and your finger at same time, that someone also could steal your Bitcoin another way such as intimidation or violence.
If you think about it, fingerprint authorization is not a bad thing provided that it is implemented properly and used carefully. To increase the security of your funds, developers may allow to register different fingers for different accounts, it will be akin to use of passphrases, but this approach will be more natural and understandable for average users. For example, the first account could be tethered to your thumb and will serve as "duress wallet". You can put a small amount of bitcoins on that account and if there is an attack on you, you can send "all" of your bitcoins to the robber. In the same way, you can have different accounts for different needs using different fingers and toes. But you should carefully choose  your fingers, because, for example, if you use your middle toe to unlock the wallet, the attacker can easily guess that you are trying to trick him.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: bakasabo on October 19, 2020, 11:10:13 AM
developers may allow to register different fingers for different accounts

A question is where all these finger prints will be stored? Inside devices memory? But then, if I could restore my wallet using seed phrase on other device, then my finger prints must be moved there also. Then all data must be stored on servers (possibly on cloud server) and this device needs a way to transfer it there. This will increase device cost and decrease its security. Do you agree ? So far the price is unknown, but expected price of $50 seems too low for that kind of functionality.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: dificanovi on October 19, 2020, 11:20:03 AM
good crypto wallet, I think it's quite safe from hackers. If this tool is sold to all countries I think it will sell well, besides that the price of this crypto wallet is quite cheap at $ 50 in my opinion this is an affordable price for all people.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: witcher_sense on October 19, 2020, 11:25:17 AM
A question is where all these finger prints will be stored? Inside devices memory? But then, if I could restore my wallet using seed phrase on other device, then my finger prints must be moved there also. Then all data must be stored on servers (possibly on cloud server) and this device needs a way to transfer it there. This will increase device cost and decrease its security. Do you agree ? So far the price is unknown, but expected price of $50 seems too low for that kind of functionality.
The seed phrase doesn't know that it belongs to you nor does it know that it was connected to your fingerprints on some unknown device. When you migrate from one device to another, you usually setup everything from scratch. You can come up with different pin code or use your old one instead. It is obvious that you can't change your fingerprints, but that is the main advantage. Given that "pictures of your fingers" are unique, that information can be used to generate unique passphrases automatically. Every finger will generate the same set of information, no matter what wallet you use. You don't need to store any information, it will be calculated upon initialization of wallet completely offline.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: ethereumhunter on October 19, 2020, 12:08:00 PM
good crypto wallet, I think it's quite safe from hackers. If this tool is sold to all countries I think it will sell well, besides that the price of this crypto wallet is quite cheap at $ 50 in my opinion this is an affordable price for all people.

But I think it still preferable to buy Ledger or Trezor because many people have recommended that two companies. Besides that, I think the hardware from gate.io is a new player in the crypto hardware, so we don't know if that hardware can have good quality. The gate.io needs to prove that its crypto hardware is worth buying, and they need to compete with their competitors such as Ledger and Trezor.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Nanda Dewi277 on October 19, 2020, 12:46:20 PM
This is amazing. finally, new technology has emerged with a good security system. Using a fingerprint, I'm sure it will be much more secure than a hardware wallet without a fingerprint. And hopefully, these items get to my country.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: 1GUARDIAN on October 19, 2020, 01:05:00 PM
Cool stuff! Cool that someone has finally implemented a similar idea! If smartphones and laptops have had fingerprint sensors for a long time, then a hardware wallet is the very device that simply must have a built-in fingerprint sensor! It is strange that the owners of the Tezor company, for example, did not think of this. This idea has been in the air for a long time. Finally it happened. And the price is quite reasonable.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Chris Barth on October 19, 2020, 01:20:07 PM
$50 seems cool but then, I think it's risky tho. In as much as we try to increase security, let's not forget that we could get it wrong. Imagine if this device happens to malfunction and doesn't recognize your finger. I know some of you may say it's not possible but... This is an electronic device (anything can go wrong)


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Tigerheart3026 on October 19, 2020, 01:42:31 PM
It's a budget friendly fingerprint implementation wallet and most likely it is the 1st wallet where connected a new exciting features. good news for everyone's those who want to be high secure for wallet. how else can it be used without fingerprint i mean that can i access without fingerprint? anyway now can't able to buy for launched only chinese market. i am look forward to buy S1 wallet.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Vatimins on October 19, 2020, 01:58:04 PM
     Such great device. It is pretty awesome to have a crypto currency wallet such as this one which you can open easily with just a finger print. Portable and secured. Pretty convenient if you ask me. It would be really nice if there were sellers near me. Im just not that into ordering online. Even more nowadays when some people I knew personally caught corona virus because of deliveries. Pretty scary.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: 3meek on October 19, 2020, 02:11:01 PM
I don't think it is a good idea to identify the owner of a wallet by his fingerprint! It's like a kind of KYC/AML...
Recently I found out that Ledger has a georeference to an IP address, so I thought about why I need a hardware wallet at all? ;D


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Twentyonepaylots on October 19, 2020, 02:22:49 PM
Biometrics on something that we are using isn't new, it is an innovation YES I can agree with this. I think we already had a thread about this one in the past where somebody pointed out of using biometric to unlock hardwallets instead of having a pin as primary security. But then this defeats the user's anonymity of using crypto, it would just be okay if the manufacturers won't be able to see the logs of the fingerprint itself, which I highly doubt  ::)


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Ludmilla_rose1995 on October 19, 2020, 02:26:28 PM
Very cool. This is the first hardware wallet with a fingerprint recognition algorithm. one no longer needs to create complex passwords to remember. I hope this hardware wallet will be sold in my country soon so I can buy it.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: DdmrDdmr on October 19, 2020, 03:17:43 PM
I’m not totally bought on the fingerprint reader feature – I’ve got a couple of devices protected with readers of a kind, and every now and then I need to perform a rescan since they stop recognizing my fingerprint flawlessly. Additionally if the device implements passphrases, I wonder if different fingers will give access to different sets of accounts. On top of that, I’m pretty certain it’s easier to retrieve a fingerprint, than a pin code from someone’s memory.

In any case, the device does have the couple of buttons, so perhaps the fingerprint reader is optional in terms of usage, and the buttons will probably provide access to the different passphrase protected sets of accounts.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: grabpopcorn536 on October 19, 2020, 03:26:15 PM
I do not believe much in technology products from China but this product is really cheap and has great features.
I wonder if they unlock with fingerprints and if the fingerprint breaks, can we easily unlock the wallet from the device?
A wallet that plugs directly into the computer makes me feel more secure.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Kahan848 on October 19, 2020, 03:49:36 PM
This sounds great and looks good on paper. But I don't expect wonders from it and wouldn't rely on $50 device to check my fingerprints while my $800 iphone doesn't even do this properly sometimes. I'd say I'll just keep an eye on that one


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: AakZaki on October 19, 2020, 05:18:23 PM
This wallet appears to be incredible and worth to purchase reasonable cost and solid item. But this security isn't sufficient.
I heard from peoples and watch videos where people easily break the security, including Fingerprint Authorization.
Furthermore, what occurs in case you're sleeping, and somebody utilizes your finger to open it?. Figured your own companion could treachery you.
It is not right to say that this hardware wallet is extraordinary, there are still many hardware wallets that have good technology and security features. The hardware wallet launched by Oleg Gate.io only has fingerprint security, but fingerprint security is different from smartphone fingerprint security. Of course there will be more developments regarding the security they have. The most important security is also in its users. Don't just use it, users also need to keep the hardware wallet safe and can't be accessed by other people.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: abel1337 on October 19, 2020, 09:15:33 PM
This wallet appears to be incredible and worth to purchase reasonable cost and solid item. But this security isn't sufficient.
I heard from peoples and watch videos where people easily break the security, including Fingerprint Authorization.
Furthermore, what occurs in case you're sleeping, and somebody utilizes your finger to open it?. Figured your own companion could treachery you.
It is not right to say that this hardware wallet is extraordinary, there are still many hardware wallets that have good technology and security features. The hardware wallet launched by Oleg Gate.io only has fingerprint security, but fingerprint security is different from smartphone fingerprint security. Of course there will be more developments regarding the security they have. The most important security is also in its users. Don't just use it, users also need to keep the hardware wallet safe and can't be accessed by other people.
Technology keeps moving and this kind of product is for me not so incredible, Fingerprint sensors are used for ordinary locks for years now and no wonder that it would be implemented on a hard wallet too. The S1 hard wallet is not that revolutionary but it is good that they gave the option to the market if someone wants this kind of feature. It's a common thing to do that the user will take care of the wallet because it contains your assets, It's most likely the same as a luxurious object on how you should treat the wallet.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: 3meek on October 20, 2020, 06:15:07 AM
Why doesn't anyone here consider such devices as an option for tracking cryptographic software owners? Especially if we are talking about China, where the total tracking of citizens is formed!
Just imagine that a transaction is identified by your fingerprint...


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Lorence.xD on October 20, 2020, 06:40:19 AM
This sounds great and looks good on paper. But I don't expect wonders from it and wouldn't rely on $50 device to check my fingerprints while my $800 iphone doesn't even do this properly sometimes. I'd say I'll just keep an eye on that one
Exactly, there is still a problem with precision towards fingerprint technology. The problem is that the cost for creating a precise one will be larger than what they are planning to sell the product that comes with it. If the cost goes down to make a precise and secure one, skepticism will surely dwindle.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: joniboini on October 20, 2020, 07:30:42 AM
Just imagine that a transaction is identified by your fingerprint...
Which is why open source is important to verify such things. If there's no code then it's hard to verify and debate this kind of paranoia.
But anyway, if you care about your privacy you'd probably stick with other HW instead of buying this one.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: 3meek on October 20, 2020, 07:57:37 AM
Just imagine that a transaction is identified by your fingerprint...
Which is why open source is important to verify such things. If there's no code then it's hard to verify and debate this kind of paranoia.
But anyway, if you care about your privacy you'd probably stick with other HW instead of buying this one.

I know that Ledger recently added the swap function (https://www.ledger.com/swap) to its Ledger Live software... So, this feature is not available for some countries, which means that Ledger knows your IP data and therefore knows your country or region...
I don't know about the rest of the hardware wallets, but I thought it was better to give them up!

"If you don't have paranoia, it doesn't mean that you are not being followed!" ;D


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: witcher_sense on October 20, 2020, 09:10:18 AM
I know that Ledger recently added the swap function (https://www.ledger.com/swap) to its Ledger Live software... So, this feature is not available for some countries, which means that Ledger knows your IP data and therefore knows your country or region...
I don't know about the rest of the hardware wallets, but I thought it was better to give them up!

"If you don't have paranoia, it doesn't mean that you are not being followed!" ;D
It is always worth to caveat that hardware wallets are meant to be used as tools for signing a transaction on a potentially compromised computer without needing for a connection to the Internet. Some wallets allow you to sign a message in a airgapped way, which means your hardware wallet will have no direct connection to your computer and therefore has no chance to be compromised. However, you somehow have to broadcast your transaction. If your have chosen a wrong way to broadcast it, for example through Ledger Live or web applications, the information about your IP will be collected and your identity will be compromised. But you shouldn't blame the hardware wallet for that. It did his job perfectly. It was your mistake that led to the leak of confidential information, you should have used an other way to broadcast your transaction!


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Shallow on October 20, 2020, 10:14:31 AM
This is a breathtaking innovation which the crypto space really needs. In my own opinion, this is great owing several reasons, first, the cryptowallet is from one of the best exchanges out there meaning that, it was built with great care and from the best team of developers, that is to say, security and efficiency is assured. Secondly, owing to the fact it comes with fingerprint scanner shows that easy accessibility is assured as well coupled with the fact it is more secured than others. And lastly, it is very cheap when considering all the features it has such as accepting more than 10,000 crypto assets as well as synchronizing with smartphones and other devices.
Innovations like this makes me to always believe that, irrespective of what most people thinks about the crypto space probably because of hacks and scams, there is still a very big potentials which will continue pushing the crypto space forward hence ensuring a brighter future.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Oasisman on October 20, 2020, 10:44:26 AM
What if someone tap my finger into my wallet and make a transaction?  ;D

You would lost your coin, but if someone have access to both hardware wallet and your finger at same time, that someone also could steal your Bitcoin another way such as intimidation or violence.

Was there any case about a device that could be accessed through fingerprint authorization where the owner was murdered and then cut the finger to access a stolen device?
Finger print authorization is now the new technology trend, I wonder soon criminals would still the owners finger too lol.
I've read different reactions about this new hardware wallet, though this is a great innovation, but It's also unnecessary for some who isn't a fan of collecting shitcoins.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: michellee on October 20, 2020, 10:58:21 AM
What if someone tap my finger into my wallet and make a transaction?  ;D

You would lost your coin, but if someone have access to both hardware wallet and your finger at same time, that someone also could steal your Bitcoin another way such as intimidation or violence.

Was there any case about a device that could be accessed through fingerprint authorization where the owner was murdered and then cut the finger to access a stolen device?
Finger print authorization is now the new technology trend, I wonder soon criminals would still the owners finger too lol.
I've read different reactions about this new hardware wallet, though this is a great innovation, but It's also unnecessary for some who isn't a fan of collecting shitcoins.
It is an innovation, but they need to promote their hardware to the public. They need to fight against the old competitor such as Ledger and Trezor, to get the customer.
I think the criminals will figure out how they can get the owner's finger, and I think they can use the trick like in Fast and Furious 5 to holding and squeezing her b*tt lol ;D


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: gmaxwell on October 20, 2020, 01:51:44 PM
Fingerprint auth is mostly snake oil.

The way it is implemented is almost always bypassable. Because the device knows what your finger looks like and is just looking for a match, so someone with access to tinker with the device innards can bypass it.

There are better ways to implement it-- where the data is literally encrypted with your fingerprint and the device doesn't know what your finger print is...  but this requires extreme rocket science (to deal with the fact that each fingerprint read will be slightly different) and so no one does it that way.  Even with that, you leave fingerprints all over the place so the security can only be so good.





Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: Yatsan on October 20, 2020, 10:15:42 PM
This was incredibly a new innovation to hardware wallets using modern technology which is fingerprint authorization to serve as an access key to unlock the hardware wallet. Seriously it is very innovative and to think the price is just $50 which is not that too expensive for such security features it do have. Step by step the advancement of the modern technology we do have right now is slowly resolving common issues such as hacking which is a big help to the crypto users that are tending to store assets on hardware wallets rather than on online wallets. Another innovative invention that is pretty impressive making you think that you must have one.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: gundala on October 20, 2020, 10:29:29 PM
Technology is constantly evolving, and this is one pretty cool innovation. As with many things, there must be drawbacks. as many members said above, security using fingerprints does look cool, but it's not completely effective I think. someone will easily manipulate that when you sleep, right? moreover, how accurate is the system in recognizing fingerprints? many are identical and it is error-prone. Especially if your finger is injured, burnt, or other accident that makes you unable to access the wallet with your finger.
What is clear, we must care about this security, and do not make it a single defense, but use multiple security, it will make your assets more secure.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: CarnagexD on October 20, 2020, 11:37:34 PM
I’m not totally bought on the fingerprint reader feature – I’ve got a couple of devices protected with readers of a kind, and every now and then I need to perform a rescan since they stop recognizing my fingerprint flawlessly. Additionally if the device implements passphrases, I wonder if different fingers will give access to different sets of accounts. On top of that, I’m pretty certain it’s easier to retrieve a fingerprint, than a pin code from someone’s memory.

In any case, the device does have the couple of buttons, so perhaps the fingerprint reader is optional in terms of usage, and the buttons will probably provide access to the different passphrase protected sets of accounts.
Precisely. Having a physical safekeeping device for an intangible asset like bitcoin basically defeats its very purpose. I get where the creators of this coin is coming from but you know what else can do this without all of those nerdy things and for a very cheaper price compared to how much this thing probably costs? Your computer hard-drive. Heck, you can even go as far as using your external hard drive or a USB.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: XCANA on October 21, 2020, 09:58:03 AM
Why doesn't anyone here consider such devices as an option for tracking cryptographic software owners? Especially if we are talking about China, where the total tracking of citizens is formed!
Just imagine that a transaction is identified by your fingerprint...
That's a good point, it seems nobody can't see this as a means to track the cryptocurrencies holders which will then make it central than the decentralization we urged for. Also, this is a tool to censor the general network from a sectional region of the world, this shouldn't be seen as advantage rather a disadvantage to this industry in terms of privacy.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: TedMosby on October 21, 2020, 05:00:15 PM
What if someone tap my finger into my wallet and make a transaction?  ;D

You would lost your coin, but if someone have access to both hardware wallet and your finger at same time, that someone also could steal your Bitcoin another way such as intimidation or violence.

Was there any case about a device that could be accessed through fingerprint authorization where the owner was murdered and then cut the finger to access a stolen device?
Finger print authorization is now the new technology trend, I wonder soon criminals would still the owners finger too lol.
I've read different reactions about this new hardware wallet, though this is a great innovation, but It's also unnecessary for some who isn't a fan of collecting shitcoins.

AFAIK no since there are many easier ways to obtain fingerprint such as detailed photos of one's finger. But if someone is stupid enough to claim that he uses hardware wallet with fingerprint authorization and store lots of cryptocurrency there, it might happen ::)

It's not clear if the fingerprint is the only way to authorize the transactions or it is just an option or additional security level.
but one thing that is clear is the fingerprint will be needed if a brute force attack detected.

I prefer to have the fingerprint recognition feature as an optional security layer.
If this feature is the main and only way to authorize the transactions, your life and assets are in danger ;D.

gate.io announcement and official website of this hardware wallet:
https://www.gate.io/th/help/annlist/17919
https://pro.wallet.io/hardware


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: coinfinger on October 21, 2020, 06:30:26 PM
This hardware wallet looks very nice with the fingerprint scanner. I believe that as time goes on it’s going to become a normal, we will start seeing lots of fingerprintscanners embedded wallets in the market, even the likes of Trezor will upgrade to offering the same features.

it seems nobody can't see this as a means to track the cryptocurrencies holders which will then make it central than the decentralization we urged for. Also, this is a tool to censor the general network from a sectional region of the world, this shouldn't be seen as advantage rather a disadvantage to this industry in terms of privacy.
Uuhm, I believe that majority of us here are making use of smartphones with fingerprint and face scanning, and we never complain about whether they are stealing our information with the fingerprint and all that, so what’s the difference with this one? I think we should be more worried when it’s something that has to do with giving information that is personal.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: cryptomaniac_xxx on October 22, 2020, 08:01:56 AM
It's just ironic though that a Chinese company claim to have broken Hackers Claim ‘Any’ Smartphone Fingerprint Lock Can Be Broken In 20 Minutes (https://www.forbes.com/sites/daveywinder/2019/11/02/smartphone-security-alert-as-hackers-claim-any-fingerprint-lock-broken-in-20-minutes/#2ebec8486853). Yes, this might be a good layer of security and protection, but it doesn't mean its' fool-proof.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: shield132 on October 22, 2020, 10:39:28 AM
At some point it's good that they follow the technological trends but I don't think that hardware wallet with fingerprint authorization is a good idea, it's very dangerous.
First of all it's very easy to fake fingerprint by trying some techniques, for example, 3D printing, getting imagination about his/her fingerprint by touching something from his/her side and then working on making a fake one. Also, what if somehow happened like you fall asleep and someone tries to have an access on your wallet by using your finger while you are asleep? What happens if you seriously scratch your finger? There are a lot of cons in this subject.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: bakasabo on October 22, 2020, 10:52:28 AM
At some point it's good that they follow the technological trends but I don't think that hardware wallet with fingerprint authorization is a good idea, it's very dangerous.
First of all it's very easy to fake fingerprint by trying some techniques, for example, 3D printing, getting imagination about his/her fingerprint by touching something from his/her side and then working on making a fake one. Also, what if somehow happened like you fall asleep and someone tries to have an access on your wallet by using your finger while you are asleep? What happens if you seriously scratch your finger? There are a lot of cons in this subject.

Good point, but:
(based on my iOS experience only)

1) you can not unlock iphone 7 or lower with printed on 3D printer finger. It wont unlock also if you put a adhesive tape with clear fingerprint on it.
2) you can not unlock iPhone X and above models with photo of a face or same printed head on 3D printer.

If you scar your fingerprints with a cut, or temporarily lose them through abrasion, acid or certain skin conditions, fingerprints lost in this way will grow back within a month. (https://www.sciencefocus.com/the-human-body/can-fingerprints-change-during-a-lifetime/#:~:text=You%20can%20scar%20your%20fingerprints,grow%20back%20within%20a%20month.)

If someone tries to unlock cryptowallet while your asleep, well, these kind of people wont hesitate waking you up in case they fail and gain the access by force.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: AakZaki on October 22, 2020, 05:24:26 PM
Technology keeps moving and this kind of product is for me not so incredible, Fingerprint sensors are used for ordinary locks for years now and no wonder that it would be implemented on a hard wallet too. The S1 hard wallet is not that revolutionary but it is good that they gave the option to the market if someone wants this kind of feature. It's a common thing to do that the user will take care of the wallet because it contains your assets, It's most likely the same as a luxurious object on how you should treat the wallet.
The Wallet S1 developed by Gate.io is not that revolutionary. The security used is fairly old security technology. nothing special apart from the design that looks futuristic and looks dynamic.
The S1 Wallet is a cheap wallet option that is only priced at $ 50, perfect for beginners who want to have their first hardware wallet.
Of course in the future there will be other developments. there may be additional security in the next wallet series.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: emrecemsan on October 22, 2020, 06:09:29 PM
Nowadays, fingerprints can be imitated with the help of technology. On the other hand, these devices are also connected to a privatekey. It is safer for me to write and keep the Privatekey on paper. It would be much more secure if a wallet is created from a computer without an internet connection and if the private key is stored offline.


Title: Re: Hardware Cryptowallet with Fingerprint Authorization
Post by: imstillthebest on October 22, 2020, 07:56:26 PM
Nowadays, fingerprints can be imitated with the help of technology. On the other hand, these devices are also connected to a privatekey. It is safer for me to write and keep the Privatekey on paper. It would be much more secure if a wallet is created from a computer without an internet connection and if the private key is stored offline.

it is conncected ? it only ask for fingerprint to open the wallet? that would still be easily accesible. theres methods that are leaked online which shows how unathorized people access the devices that are lock by fingerprint system  .

 the only advantage of this is its easy as compare to typing your pin or phrase . finger print on a hardware wallet is new but not new on phones and other gadgets  but this is a wallet and it holds money , nothing else   . what they are thinking ?