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Author Topic: Hardware Cryptowallet with Fingerprint Authorization  (Read 423 times)
TedMosby
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October 15, 2020, 05:45:59 PM
 #21

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?  Grin

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worldofcoins
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October 19, 2020, 08:21:19 AM
 #22

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.
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October 19, 2020, 08:58:20 AM
 #23

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.

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October 19, 2020, 10:07:38 AM
 #24

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.

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October 19, 2020, 10:09:50 AM
 #25

What if someone tap my finger into my wallet and make a transaction?  Grin

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.

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October 19, 2020, 10:19:23 AM
 #26

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.

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October 19, 2020, 10:38:06 AM
 #27

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.

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October 19, 2020, 11:00:29 AM
 #28

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.

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October 19, 2020, 11:10:13 AM
 #29

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.

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October 19, 2020, 11:20:03 AM
 #30

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.

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October 19, 2020, 11:25:17 AM
 #31

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.

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October 19, 2020, 12:08:00 PM
 #32

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.

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October 19, 2020, 12:46:20 PM
 #33

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.

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October 19, 2020, 01:05:00 PM
 #34

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.
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October 19, 2020, 01:20:07 PM
 #35

$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)

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October 19, 2020, 01:42:31 PM
 #36

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.

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October 19, 2020, 01:58:04 PM
 #37

     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.

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October 19, 2020, 02:11:01 PM
 #38

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? Grin

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Twentyonepaylots
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October 19, 2020, 02:22:49 PM
 #39

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  Roll Eyes

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Ludmilla_rose1995
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October 19, 2020, 02:26:28 PM
 #40

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.

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