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Author Topic: Multi currency hardware wallet  (Read 220 times)
coinfunda (OP)
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August 22, 2019, 10:21:38 AM
 #1

Hi,

Anyone used BC Vault hardware wallet. here is BC vault review

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Rath_
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August 22, 2019, 10:33:39 AM
Merited by o_e_l_e_o (1)
 #2

Unlike Ledger and Trezor, the wallet does not trace you back to a single recovery seed code which is an added security feature for BC vault.

Oh, that's a great security enhancement. I don't trust people who worked on BIP32 and BIP39. I don't need to be able import my wallet anywhere else. I will just buy a new device. Not to mention that they promised to release an application which will decrypt my backups once they go bankrupt! What could possibly go wrong? /s

So, there is no doubt that BC-Vault is NOT one of the most trusted and user-friendly hardware wallets in the crypto industry.

I fixed that for you. We have already discussed this wallet here.
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August 22, 2019, 11:18:40 AM
 #3

Why trust a brand new wallet that 'promises' that they will do something sometime in the future when you can use a well known product from Ledger and Trezor that has been around for years?

I can see from their site that the BC VAULT ONE costs €131.14 which is pretty expensive.
A Ledger Nano S is only $59, a Nano X $119 and the Trezor One is €59. All three are cheaper and better. 

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August 22, 2019, 12:39:26 PM
 #4

here is BC vault review

You can do better. I can guess that the main reasons are traffic to your website and, subsequently, income from the ref links.
But advertising problematic hardware wallets, devices used to secure funds, could get you into troubles (when somebody will lose/get unable to access his money).

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mk4
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August 22, 2019, 02:25:43 PM
 #5

image from the article you've linked

It's honestly an unnecessarily big device. What for? A little bit too gimmicky. My first ever hardware wallet is the Ledger Nano S. And honestly, after almost 3 years of owning it, I really don't need anything else. I still use it until now without any problems at all and nothing from newer hw wallets convinced me to purchase a different device(the bluetooth functionality of the Nano X looks really convenient though).

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August 22, 2019, 02:45:24 PM
 #6

And honestly, after almost 3 years of owning it, I really don't need anything else.
Same here.

A customer since the begging. One device, using it from ages and never had any problem. I just can not think about anything else except Ledger Nano S when it comes to hardware wallet in my mind.

No sure what is so attractive for OP on that device he is talking about.

 

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August 22, 2019, 02:50:24 PM
 #7

No sure what is so attractive for OP on that device he is talking about.

 

There is no reason at all to use this device.
Ledger and trezor are better, more secure, and this device doesn't have bip39 seed... Without a seed that can be imported anywhere, it is just useless to me and I would never store any money in it.

I think competition is really important as ledger/trezor are dominating hardwallet market, which became  an oligopoly right now. However we need good competition.

Op is probably just advertising his own article.

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September 01, 2019, 02:32:46 PM
 #8

How will the supported currencies be managed? The talk was about the creation of thousands of wallets not how to manage it.


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The wallets are completely anonymous and cannot be traced back to the BC vault.
I do not know what your definition of the word anonymous? Being separate wallets does not necessarily mean that they are unknown.

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It is supported by SegWit and Legacy which makes trading and exchange of tokens easy even for new users.
I think this will become more complicated as the address type will be difficult for new users.
How to enter the password, and if it is not a touch screen, you must add more buttons.

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