Ledger nano S and Trezor are clearly controlling the market right now.

A few months from now, which project do you think will manage to deliver a better product?

I have been reading about XZEN & Coinvest vault and I have to say that they look good. I'm a little bit skeptic about how open source they will be though. If they are not, It would be useless clearly.

There is also OraSaifu which looks overkill and expensive, probably not for the average joe and I also don't like the idea of having a device where you have your seed instead of writing it a paper.

I didn't look into the first two, but the first which caught my eye when visiting their website was this (below "QR code data transmission,  isolated from the Internet world":

Either this was a very very embarrassing mistake, or they don't really have a clue what they are talking about.

1. SHA is an hashing algorithm, not an encryption algorithm
2. There is no need to use asymmetric encryption. Symmetric encryption is way faster and more secure compared to asymmetric encryption when using the same keysize


This statement alone tells me personally to keep far away from this wallet.
If they mix up hashing with encryption, how are they supposed to build a secure hardware wallet ?

---

Actually this is a ledger nano s with reduced functionality (reduced to only 3 coins) paired together with the fact that it can only be used with blockchain.com's web interface.

There was that wallet McAfee was boasting as unhackable.
After the hack (real or not) I've seen no news on it.

However. If a wallet is good, cheap and well advertised, it will be bought.
I guess that most of the new wallets don't meet all 3 conditions. (CoboValut 479$, KeepKey 129$, Coinvest 179-199$ are not a great deal)

I bought not long ago a Ledger myself. Not because I'd have so much Bitcoin and not because it's the best hardware in town.
It's because it's good enough, it was not too expensive (40% off) and I wanted to have it for tests now and then.

Actuually, there are quite many small players in hardware wallets market - Keepkey, Bitbox, OpenDime, Coolwallet, Secalot, Ellipal, Archos Safe-T, Bitlox and maybe few more but that's all that I found on Google in few minutes. But all of them are struggling to get at least minimal part of market. Some of these wallets looks good to use, others no. Probably many people haven't even heard these names. And I'm sceptical about these new wallets. Maybe it will have good features and etc, but I don't believe that they will get noticeable share of market. When there is Ledger and Trezor it's almost impossible for new players to enter into market. People just don't see reasons to look for alternatives when Trezor and Ledger works well and already earned trust. While some people are afraid to buy less known wallets because of security concerns.
There is also not enough information about new or less known wallets. When you're looking for hardware wallets, Ledger and Trezor is the first results that you get and people aren't trying to dig deeper. It's not that easy to find reviews about alternative wallets.
Another aspect - main players aren't sitting in one place. They are releasing new products like Trezor T or Nano X with new features and improvements.

The same reason BTC remains up top applies to hardware wallets too.

You want a product with the most eyes watching it and an extensive track record to delve into when deciding whether to trust it or not.

Considering the lack of competence that's rampant out there, let alone malevolence, why would anyone take the risk?

I don't like the way Ledger operate very much so I'm sticking with Trezor until the end.

It's true, but these new wallets mentioned in this thread also aren't cheaper. But I think it's normal thing that prices are going up with new models released. It means that there are big demand for hardware wallets and people are buying it with higher prices. Otherwise  they would be forced to reduce prices. It's a bit similar to smartphone market - each Samsung or iPhone flagship costs more than previous model and people still buying it. For example iPhone 8 was priced at $700, while iPhone X already costs $1000 approximately and people are still buying it.

Exactly, It's difficult for new players to become visible, but maybe they aren't doing their best to promote their product. Ibarely can see their ads on forums, crypto related websites, social media. So, it's normal that people are afraid to buy unknown wallets due to lack of information and reviews. And actually, it's good that people are careful when choosing hardware wallet.

Iirc the Bitcoin payments go through BitPay and that means there's a big chance they receive fiat. Of course, they can invest into Bitcoin while is low, but on the other hand keeping a high price when Bitcoin is low (as the competition does) is not a great business. Probably when Bitcoin will go very high again, the sales will be great for all hardware wallet makers.



It's much more normal to make a commercial with actors. I don't blame them for that.
And yes, the extra features means extra costs and extra price. But it also means they target only a certain niche of the market.


I mean, for example I know that there are military grade UBS dives with extra durability and so on. However, by a large margin, most people will buy normal USB.
People would probably buy more easily hardware wallets with extra features in a rising market, which we don't have right now.



Edit: I've just seen this in the news, a new hardware wallet is being launched. Price: 29$ (!). Just it doesn't work without a smartphone (and I'm not convinced that's safe enough) https://www.coindesk.com/status-launches-a-tap-to-pay-crypto-hardware-wallet

Something about that whole website looks scammy.  I'm glad you pointed that out, I don't have the technical knowledge to pick up on that.

I bought a keepkey to start, no regrets really, but I don't use it anymore.  I actually really like the simple design, and the display is practical.  The chrome plug in works fine, has decent UI, and it's integrated with ShapeShift exchange.  You can set up many different accounts, and has a few altcoins it supports.  It can also be accessed with Electrum.  However, I found it buggy to use.  A couple of times it displayed a zero balance for several minutes after sending.  It did the same thing one time while I was using Electrum.  I knew I still had the coins because my watch-only Electrum copy showed the transactions the way they should have been.


I recently bought a Trezor Model T, and I love it.  It works great, P2SH segwit addresses, the touch screen is cleanly integrated and the size is good.  I was hopeful that I could use it with the Monero official wallet, but no integration yet.

Hi. Which of this hardware wallets you use more often, for daily use? And you had any problems with any of it after you buy it, like physical problems, not turn on?

I also see a new kind of hardware wallet, looks like a Sd card or SIM

I can imagine there will be more and more companies bring their cold wallet in the market. I myself have some knowledge about the hardware wallet.
1, The hardware wallet must be open-source.
2, It must have a screen to show us the tx information in case it be replaced by hackers.
3, It can not be based on an Android system, because it will bring more uncertain attacks that relate to Android itself.
4, It is better it can support multisig.

Now only three wallets can do all the things; They are
Trezor: https://trezor.io
BITHD: http://bithd.com
Ledger: https://www.ledger.com