Good hardware wallet for new users ?

[sukbir]

I am just lucky to avail their product with a 50% less promo last bitcoin halving LOL.

I was lucky as well mate, I bought it when there was 50% sale promo. But I have decided to switch on Nano X due to lack of less memory size in S version. Now I am using X as my main device and Nanu S for backup device. 

[1714732738]

1714732738

[o_e_l_e_o]

Imagine a potential situation where someone bought a Nano S this year, and in 2 years Ledger says it will no longer upgrade firmware for the same model.

The Ledger Nano S is a hugely popular product as far as hardware wallets go, much more popular than any of their previous models. I'd be very surprised if Ledger shot themselves in the foot and pissed off the majority of their customers by discontinuing support for a product like that. They will stop selling the Nano S long before they discontinue support for it.

Further, even if they did turn around tomorrow and stop supporting it, even stopped it syncing up with Ledger Live for some unknown reason, there's nothing to stop you from continuing to use your Nano S for as long as the internal hardware functions with a client like Electrum.

I would be much more worried about hardware failure over the long term than about Ledger discontinuing support. Most of their updates are just to support more shitcoins or add useless KYC invading exchange features anyway.

[Pmalek]

Ledger Nano S was my first hardware wallet purchase and I am very happy with it. I can only recommend it to your friend as well. However, a woman might prefer the Nano X more. It looks better, has a bigger screen, and if she becomes interested in other altcoins sometimes in the future, she wouldn't have to worry about the storage space. It is not a problem to uninstall an app you are using and install some other you need at that moment, but some people might not like that.     

[sukbir]

a woman might prefer the Nano X more. It looks better, has a bigger screen, and if she becomes interested in other altcoins sometimes in the future, she wouldn't have to worry about the storage space. It is not a problem to uninstall an app you are using and install some other you need at that moment, but some people might not like that.

Hey mate, thank you for your suggestion. It's too late for her now. She already ordered Ledger Nano S device. 

[sergio]

Hello Guys, My female work colleague is interested in cryptocurrency and wants to buy bitcoin for long term holding. She was asking user friendly bitcoin hardware wallet. She is not a technical minded women. I said her to buy Ledger Nano X. I personally find ledger hardware wallet easy to use but I might be wrong there are so many hardware wallet in the market. I have never use other hardware wallet.

Can you guys suggest her which one is good hardware wallet for new users for storing Bitcoin ??

1.Ledger Nano X,
2.Trezor T,
3.KeepKey
4.Cobo Vault Pro.

I am not familiar with cobo vault pro.

Trezor T is very secure and one of the hardware wallets that is easiest to use, however potentially vulnerable if lost unless you use a passphrase.
It is fully open source, this is the perfect wallet for the average person.
Online security is excellent.
Very good wallet.

Leger nano X, close source, however it is very secure, however if you enter the pin wrong 3 times it self reset which makes no sense, other hardware wallets it is like 15 times, it has bluetooth which make it easier to use with a cell phone.
Very good wallet.

Keepkey, it is based on the trezor one code but not as updated. using it with shapeshift is buggy, however you can use it with the original keepkey chrome client, or electrum, mycelium, and maybe wasabi.
For the price you can not go wrong it is by far the cheapest of all hardware wallets, however it is less secure than trezor or ledger, I do recommend this wallet for low amounts of money since it is more secure than any software based wallet, but I would not recommend this wallet for large sums of money.
Keepkey other than large screen useful for older people, and low price, has no advantage from either from ease of use or security.
moderate security, very low price.

The most secure hardware wallet seems to be the coldcard mk3, it has a lot of security features that the other wallets do not have, the trade off it is highly technical not for newbies, and bitcoin only.

I personally prefer to have multiple hardware wallets for different purposes.
For ultimate security coldcard mk3.
For an online password manager trezor T
for u2f ledger X, and then trezor T, since ledger X makes it easy on cellphones due to bluetooth.
for making up my seedfile coldcard mk3.
to play around with small amounts: keepkey

Even if a hardware wallet is lost or stolen even though most are vulnerable to physical attacks, the attacks are difficult and most thieves would have no clue on what to due.

Since she is not technical leave out coldcard (advance wallet), and keepkey since she would most likely use shapeshift encounter bugs and get a bad bitcoin experience, my recommendation is Trezor T since it is the easiest to use while being secure at the same time, it uses a web gui for a bitcoin client, the only thing you will need to tell her is to never provide the seed to anyone plus you get a password manager with it.

[Lucius]

Trezor T is very secure and one of the hardware wallets that is easiest to use, however potentially vulnerable if lost unless you use a passphrase.

You don’t necessarily have to lose the HW, the device can be stolen or hacked and put back in its original place so the owner finds out it was hacked only when connect it to the UI. It should also be noted that passphrase does not represent absolute security, it is also important that it is not too simple and subject to brute force hacking.

Leger nano X, close source, however it is very secure, however if you enter the pin wrong 3 times it self reset which makes no sense, other hardware wallets it is like 15 times...

It makes more sense to me than that the device allows it to be done as many as 16 times (in case of Trezor). In case you have to reset the device for some reason, it makes more sense to do it with three wrong PINs, than with as many as 16, between which the time is doubled for each subsequent attempt. It is almost impossible for me to enter the wrong PIN 3 times in a row, unless I want to do just that.

[sukbir]

Thank you for your explanation..

Hello Guys, My female work colleague is interested in cryptocurrency and wants to buy bitcoin for long term holding. She was asking user friendly bitcoin hardware wallet. She is not a technical minded women. I said her to buy Ledger Nano X. I personally find ledger hardware wallet easy to use but I might be wrong there are so many hardware wallet in the market. I have never use other hardware wallet.

Can you guys suggest her which one is good hardware wallet for new users for storing Bitcoin ??

1.Ledger Nano X,
2.Trezor T,
3.KeepKey
4.Cobo Vault Pro.

I am not familiar with cobo vault pro.

Trezor T is very secure and one of the hardware wallets that is easiest to use, however potentially vulnerable if lost unless you use a passphrase.
It is fully open source, this is the perfect wallet for the average person.
Online security is excellent.
Very good wallet.

Leger nano X, close source, however it is very secure, however if you enter the pin wrong 3 times it self reset which makes no sense, other hardware wallets it is like 15 times, it has bluetooth which make it easier to use with a cell phone.
Very good wallet.

Keepkey, it is based on the trezor one code but not as updated. using it with shapeshift is buggy, however you can use it with the original keepkey chrome client, or electrum, mycelium, and maybe wasabi.
For the price you can not go wrong it is by far the cheapest of all hardware wallets, however it is less secure than trezor or ledger, I do recommend this wallet for low amounts of money since it is more secure than any software based wallet, but I would not recommend this wallet for large sums of money.
Keepkey other than large screen useful for older people, and low price, has no advantage from either from ease of use or security.
moderate security, very low price.

The most secure hardware wallet seems to be the coldcard mk3, it has a lot of security features that the other wallets do not have, the trade off it is highly technical not for newbies, and bitcoin only.

I personally prefer to have multiple hardware wallets for different purposes.
For ultimate security coldcard mk3.
For an online password manager trezor T
for u2f ledger X, and then trezor T, since ledger X makes it easy on cellphones due to bluetooth.
for making up my seedfile coldcard mk3.
to play around with small amounts: keepkey

Even if a hardware wallet is lost or stolen even though most are vulnerable to physical attacks, the attacks are difficult and most thieves would have no clue on what to due.

Since she is not technical leave out coldcard (advance wallet), and keepkey since she would most likely use shapeshift encounter bugs and get a bad bitcoin experience, my recommendation is Trezor T since it is the easiest to use while being secure at the same time, it uses a web gui for a bitcoin client, the only thing you will need to tell her is to never provide the seed to anyone plus you get a password manager with it.

[Coin-Keeper]

Trezor T is very secure and one of the hardware wallets that is easiest to use, however potentially vulnerable if lost unless you use a passphrase.

You don’t necessarily have to lose the HW, the device can be stolen or hacked and put back in its original place so the owner finds out it was hacked only when connect it to the UI. It should also be noted that passphrase does not represent absolute security, it is also important that it is not too simple and subject to brute force hacking.

Leger nano X, close source, however it is very secure, however if you enter the pin wrong 3 times it self reset which makes no sense, other hardware wallets it is like 15 times...

It makes more sense to me than that the device allows it to be done as many as 16 times (in case of Trezor). In case you have to reset the device for some reason, it makes more sense to do it with three wrong PINs, than with as many as 16, between which the time is doubled for each subsequent attempt. It is almost impossible for me to enter the wrong PIN 3 times in a row, unless I want to do just that.

Lucius,

If you employ all of Trezor T's capabilities its about as safe as it can get.  Been studying and using trezorctl "deep" for the past few days.  I have a spare and I am blowing away/resetting/etc.... and I find trezorctl very powerful in the right hands.  There is NO realistic hack of SEED with use of the latest SD card protection, assuming you handle the SD card properly.  Of course the additional password added to the SEED is further strength.  I selected 24 words using trezorctl and then added 35 characters of BIP password for storage accounts!  Overkill, yep!

I especially like the new PIN wipe/delete feature I enabled using trezorctl.  If I want to intentionally wipe my trezor I simply enter one simple PIN and boom its cleared out!  Don't know what I would do if presented with the $5 wrench attack, since I now have the option to present them/him/her with a PIN wipe code instead of my long real PIN.  I do have an in between option with several hidden wallets, but that may now work out for me either.  My SEED is in my bank deposit box.  Could get ugly if I did give the wipe PIN,  hmmmm?

For those reading along: know that the wipe PIN feature works great on Trezor 1's too.  I have it on a handful of them just in case - you never know.