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Author Topic: What are the best Bitcoin hardware wallets? (Merits for help)  (Read 725 times)
smartbitcoininvestor
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February 06, 2020, 01:57:57 AM
 #41

I use the Trezor One and so far I only have good things to say about it. It is a very effective way to store bitcoin (and other cryptocurrencies) and it has a ton of support by the community. The software is simple to install and works with the Chrome browser if you want to go online.

It also looks really cool and fits well inside of my backpack as a sleek portable device. Overall, I would recommend any of the Trezor products as a hardware wallet.
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February 08, 2020, 11:21:56 AM
 #42

About cardwallet = looks like an expensive paper wallet where a third party generates the private keys for you. I don't care about the security and all that, it's still made by someone else and you'd have to trust them. Also, it looks like they are still using legacy address formats.

So far, the best compromise that does everything you need it is still Electrum. It does all address formats, has extended keys, has seeds, can import private keys, and can act as watch-only wallets to pair with cold storage offline wallet.

Whoops, I actually thought it was a hardware wallet. Definitely going to be avoiding this then, I'm not into paying $50 for a piece of metal lol.

Those crypto steel solo and cassette things are nice, but you can do a similar level of protection if you have a fire rated safe. So, it isn't exactly the same thing, but you can plan for it.

Paper can be laminated, or even stored in a folder or envelope, then stuffed in a fireproof pouch and then you put that inside the safe.. The safe would be bolted to the floor or a wall of your house so it doesn't move.

Then you should have a back up, like buried hidden underneath your basement, or in the back yard or something.

Just in case, right?

These do look nice, but that CryptoSteel is like $90, which is just crazy considering what you receive for the money. You can buy a Ledger Nano X for a few bucks more and have so much more functionality, and it's actually more secure than the capsule.

Anybody seen any other new hardware wallets? So far I've ordered a Ledger Nano X and a Trezor One, but want a few more.
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February 08, 2020, 05:42:45 PM
 #43

About cardwallet = looks like an expensive paper wallet where a third party generates the private keys for you. I don't care about the security and all that, it's still made by someone else and you'd have to trust them. Also, it looks like they are still using legacy address formats.

So far, the best compromise that does everything you need it is still Electrum. It does all address formats, has extended keys, has seeds, can import private keys, and can act as watch-only wallets to pair with cold storage offline wallet.

Whoops, I actually thought it was a hardware wallet. Definitely going to be avoiding this then, I'm not into paying $50 for a piece of metal lol.

Those crypto steel solo and cassette things are nice, but you can do a similar level of protection if you have a fire rated safe. So, it isn't exactly the same thing, but you can plan for it.

Paper can l be laminated, or even stored in a folder or envelope, then stuffed in a fireproof pouch and then you put that inside the safe.. The safe would be bolted to the floor or a wall of your house so it doesn't move.

Then you should have a back up, like buried hidden underneath your basement, or in the back yard or something.

Just in case, right?

These do look nice, but that CryptoSteel is like $90, which is just crazy considering what you receive for the money. You can buy a Ledger Nano X for a few bucks more and have so much more functionality, and it's actually more secure than the capsule.

Anybody seen any other new hardware wallets? So far I've ordered a Ledger Nano X and a Trezor One, but want a few more.
Indeed. A ledger nano x is more convenient and more safe as a storage of your funds, but i think it won't be able to survive in strong calamities such as typhoons, earthquake, fire, floods, etc. because crypto steel is very durable that it's material is shockproof, water proof, fire proof and acid resistant, that is why your $90 is still worth it as a hardware wallet.



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February 09, 2020, 08:35:58 PM
 #44

About cardwallet = looks like an expensive paper wallet where a third party generates the private keys for you. I don't care about the security and all that, it's still made by someone else and you'd have to trust them. Also, it looks like they are still using legacy address formats.

So far, the best compromise that does everything you need it is still Electrum. It does all address formats, has extended keys, has seeds, can import private keys, and can act as watch-only wallets to pair with cold storage offline wallet.

Whoops, I actually thought it was a hardware wallet. Definitely going to be avoiding this then, I'm not into paying $50 for a piece of metal lol.

Those crypto steel solo and cassette things are nice, but you can do a similar level of protection if you have a fire rated safe. So, it isn't exactly the same thing, but you can plan for it.

Paper can l be laminated, or even stored in a folder or envelope, then stuffed in a fireproof pouch and then you put that inside the safe.. The safe would be bolted to the floor or a wall of your house so it doesn't move.

Then you should have a back up, like buried hidden underneath your basement, or in the back yard or something.

Just in case, right?

These do look nice, but that CryptoSteel is like $90, which is just crazy considering what you receive for the money. You can buy a Ledger Nano X for a few bucks more and have so much more functionality, and it's actually more secure than the capsule.

Anybody seen any other new hardware wallets? So far I've ordered a Ledger Nano X and a Trezor One, but want a few more.
Indeed. A ledger nano x is more convenient and more safe as a storage of your funds, but i think it won't be able to survive in strong calamities such as typhoons, earthquake, fire, floods, etc. because crypto steel is very durable that it's material is shockproof, water proof, fire proof and acid resistant, that is why your $90 is still worth it as a hardware wallet.

I don't live in a country where most of those calamities are possible, plus even if it gets destroyed, I'll still have the mnemonic phrase backed up, so I'll be able to recover my funds.

I just don't think I can spend $90 on the cryptosteel when I can just get my private key laser engraved on a sheet of metal for like $5-10 and it will serve the same purpose.
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February 09, 2020, 08:51:08 PM
 #45

Alright, well it looks like the Trezor is off the list;

https://bitcointalk.org/index.php?topic=5222188.0 <- it's just been hacked.

Will drop some merits for those who provided useful suggestions now, thanks guys!

I've spent time looking for those hardware wallets that you have missed. And I've seen this one[1] on Hardware wallets


Actually, if I'm about to buy, I'll not choose any new or another kind of wallet. I'll stay to Ledger wallet or probably Trezor with both models.
Currently, I own a Ledger Nano S.

Jesus, I mean I'd love to have that hardware wallet, but I expect that costs north of $3,000.

You should delete this post as they need to physically posses the wallet to hack it.


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February 09, 2020, 08:58:51 PM
 #46

I use the Trezor One and so far I only have good things to say about it. It is a very effective way to store bitcoin (and other cryptocurrencies) and it has a ton of support by the community. The software is simple to install and works with the Chrome browser if you want to go online.

It also looks really cool and fits well inside of my backpack as a sleek portable device. Overall, I would recommend any of the Trezor products as a hardware wallet.
Trezor or nano ledger are only the hardware wallet that I would like to use. Many of my friends are using it to store their bitcoin and altcoins as well. Hoping that someday I could use that also and be helpful in storing my coins. I only use our local wallet here and in my altcoins I am using myetherwallet online, because I dont have money for hardware wallet and it is not yet available in my country.

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February 09, 2020, 10:14:51 PM
 #47

Alright, well it looks like the Trezor is off the list;

https://bitcointalk.org/index.php?topic=5222188.0 <- it's just been hacked.

Will drop some merits for those who provided useful suggestions now, thanks guys!

I've spent time looking for those hardware wallets that you have missed. And I've seen this one[1] on Hardware wallets


Actually, if I'm about to buy, I'll not choose any new or another kind of wallet. I'll stay to Ledger wallet or probably Trezor with both models.
Currently, I own a Ledger Nano S.

Jesus, I mean I'd love to have that hardware wallet, but I expect that costs north of $3,000.

You should delete this post as they need to physically posses the wallet to hack it.



Why would I delete the post because of that?

The Trezor and other similar wallets like the KeepKey have been compromised by a voltage hack,

As far as I'm concerned that makes them less suitable as hardware wallets, hence why I took it off my list of prospective wallet options.

Particularly since both the Trezor and KeepKey are designed to be portable, this type of hack means you could be robbed and the wallet would be vulnerable. I'm not ok with that at all.
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February 09, 2020, 10:30:46 PM
 #48

I bought a Ledger Nano X a few months ago. It's nice to use.
When I used "TREZOR-T" I had to use a desktop to control it, It is really Painful to open desktop for several times.
But there is no need to use desktop on Ledger Nano X, now I can do all these things with my mobile app.
Although it's not a touchscreen like "TREZOR-T" but It is fully functional, easy to use and userfriendly.

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February 10, 2020, 08:01:30 PM
 #49

These do look nice, but that CryptoSteel is like $90, which is just crazy considering what you receive for the money. You can buy a Ledger Nano X for a few bucks more and have so much more functionality, and it's actually more secure than the capsule.

Engraving on metal would serve the same purpose, but it might not be as portable, and you need the engraving machine. You can not trust someone else to engrave it for you.

As for the cryptosteel, ... yeah, I think the whole point is, it won't melt in a house fire and it looks nice. And you have to open it first before you can see what it says. It is quite expensive tho, I might just make my own version.

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February 10, 2020, 09:19:27 PM
 #50

These do look nice, but that CryptoSteel is like $90, which is just crazy considering what you receive for the money. You can buy a Ledger Nano X for a few bucks more and have so much more functionality, and it's actually more secure than the capsule.

Engraving on metal would serve the same purpose, but it might not be as portable, and you need the engraving machine. You can not trust someone else to engrave it for you.

As for the cryptosteel, ... yeah, I think the whole point is, it won't melt in a house fire and it looks nice. And you have to open it first before you can see what it says. It is quite expensive tho, I might just make my own version.

You don't actually need an engraving machine. You can buy an engraving pencil for a few bucks, and curve your private key or mnemonic phrase onto any normal piece of metal.

I think the companies that offer these blank pieces of metal with an engraving tool are really catering to an extremely niche audience that have more money than time. That's not me.

Still looking for new hardware wallets not listing in this thread guys. Will drop merit for helpful suggestions.
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