Which hardware wallet to buy?

[JamesDaniel90]

I have 9,000 Gala - does anyone know if there is a way of transferring these onto my Ledger from Coinbase?

[1713299349]

1713299349

[1713299349]

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[1713299349]

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[n0nce]

I have 9,000 Gala - does anyone know if there is a way of transferring these onto my Ledger from Coinbase?

I have little to no idea about altcoins, and as such neither know how to transfer them, nor do I know if 9,000 of this currency is worth a lot; but in general, this is a technical question for which the amount is totally irrelevant. I'd advise you to refrain from revealing how much of what currency (or anything else) you own, to improve your own OPSEC, as long as the amount isn't absolutely crucial for the question you're asking.

This topic could also be of interest to you:
Why beginners should pay attention to their privacy

[SFR10]

I have 9,000 Gala - does anyone know if there is a way of transferring these onto my Ledger from Coinbase?

Despite having limited knowledge in regards to altcoins in general, I don't think the process is different from "sending any erc20 token from Coinbase" to other wallets ^{[just copy your address from LL]}! In case you're worried that it's not showing up on the list of supported coins, "here's a confirmation" from one of their staff and if you follow the instructions from "this page", you'll be able to see it on "another list".

[JamesDaniel90]

Gala will be fine as it is an ERC20 token.

I have just gone to transfer my Gala over to the ledger and it is showing a fee of 53 gala which is currently worth £2 so I suppose it is not bad.

It got me thinking though, is the fee when you transfer onto ledger from an exchange always the same for a specific crypto or does the fee change depending on something?

[SFR10]

It got me thinking though, is the fee when you transfer onto ledger from an exchange always the same for a specific crypto or does the fee change depending on something?

Yes and No... Some of the exchanges have fixed withdrawal fees ^{[they tend to overcharge]} while others have dynamic fees ^{[e.g. based on network fees and other stuff]} in place, so it heavily depends on the platform as opposed to a certain type of HW/SW wallet ^{[except for internal transfers on their respective platforms]}.

[Pmalek]

It got me thinking though, is the fee when you transfer onto ledger from an exchange always the same for a specific crypto or does the fee change depending on something?

Centralized exchanges mostly have fixed fees, and like SFR10 mentioned, they charge too much and fill their pockets with that money. Only a part of what you pay is actually used for the mining fees. Most of it is their profit. I remember that many CEXs used to charge 0.0005 BTC when withdrawing Bitcoin. Many probably still do it even today. That's almost $12 right now, but in reality even if you paid $1 in BTC, you would still overpay depending on the input/output count and types of addresses used.   

[OROBTC]

...

Just speaking for myself, I like the Trezor Model T and the BitBox02 (BTC only version).  I only buy BTC, no Alts.

For me the Trezor is slightly easier to use.  The BitBox has coin control.  Both allow secondary passwords, both seem reasonably sturdy.  Both use apps on a PC.  Both seem to be excellent hardware wallets.


I have also used the Ledger Model S (soon after it came out), but I liked it less than the Trezor and Bitbox.

[Retiicle]

I think Ledger Nano S is the best, then Trezor T-Next Gen and SecuX V20 take the joint second position. I’m using Ledger Nano S along with Capital Wallet (a hot wallet). The combination of a cold and hot wallet is always better.

[SFR10]

I think Ledger Nano S is the best, then Trezor T-Next Gen and SecuX V20 take the joint second position.

You might want to explain why you think the Nano S is better than the other two!
^{- I do know for a fact that it's not, but I'd like to see your argument...}

I’m using Ledger Nano S along with Capital Wallet (a hot wallet).

I have a strong feeling you're just shilling for that wallet ^{[despite its creation date, it seems fairly new to me]} and it appears to be a custodial wallet ^{[I had no luck in reading all of the answers on their FAQ page (due to bad coding), but I've seen enough red flags not to recommend that wallet (e.g. here's a simple one)]}!

[dkbit98]

For me the Trezor is slightly easier to use.  The BitBox has coin control.  Both allow secondary passwords, both seem reasonably sturdy.  Both use apps on a PC.  Both seem to be excellent hardware wallets.

I think it's about time for Trezor Suite to finally add coin control to their hardware wallets, this is one of the features on their roadmap for years, and lack of this is a big disadvantage.
Except Bitbox I don't know other hardware wallets that have coin control support, but you can always use them in combination with Electrum wallet to enable this feature.
Ledger has coin control with crappy ledger live app but it is inferior compared to Electrum wallet.

[iCoin2]

check out the latest air gap hardware wallet from iCoin Technology.  www.icointechnology.com.  Also sold by Verizon.  Can buy it using your VZ account or just by online with a credit card.

[n0nce]

check out the latest air gap hardware wallet from iCoin Technology.  www.icointechnology.com.  Also sold by Verizon.  Can buy it using your VZ account or just by online with a credit card.

I don't think this is the right thread to introduce your product; you could do your own [ANN] thread in the Hardware Wallet section, though.
The first question that springs to mind is if it's open source, because it doesn't seem so to me.

Since there are existing, trusted open-source alternatives, with and without airgap, in similar price range (also lower) I am not sure you will find a lot of customers here, at least not for $199.

[dkbit98]

Also sold by Verizon.

Oh then it must be ''good'' if it's sold by Verizon  
Knowing Verizon famous bad practice of locking smartphones, I wouldn't be surprised if they did the same thing with this cheap bad iCoin hardware wallet.
I would never use this wallet for anything, and I don't think it's secure enough for storing anything other than coupon codes or maybe pizza recipes.

[DireWolfM14]

I would never use this wallet for anything, and I don't think it's secure enough for storing anything other than coupon codes or maybe pizza recipes.

Oh, come on now, Wiz Khalifa is using it!  It could be really nice, but it looks like a pretty basic wallet with a touch screen and a camera.  Oh, and it has a flashlight, in case you need to recover your seed in a cave, presumably.

I love this tidbit from the FAQs:

My account had 10.0 BTC, then I sent 3.0 BTC to another bitcoin address. Now my account shows 0.0 BTC ‘available' to send. Where are my 7.0 BTC?

Bitcoin transactions are constructed using an input, or multiple inputs.  If a User has 1 input that equals 10.0 BTC, and this User wants to send 3.0 BTC to a bitcoin address, the entire input of 10.0 BTC is required to construct that transaction, and the User’s 7.0 BTC in change will be returned to the From address.  Even though the User only wants to transfer 3.0 BTC, inputs cannot be broken down into smaller inputs.

If the User tries to send another BTC transfer from that account while a previous transaction pends, the number of bitcoin ‘available' to spend will be 0.0 BTC.  The User has no inputs to spend.  Once the pending transfer clears, the User’s remaining 7.0 BTC will reflect as the account’s new BTC balance, and the User will have 7.0 BTC ‘available' to spend.

Use the Fee Slider to adjust your transfer speed when constructing a transaction.

And this from their manual:

To remove your ERC token from the iCoin Hardware Wallet, display your ETH address’ Private Key or QR on the Hardware Wallet.  Use anysoftwarewalletmobile appto import your ERC Private Key.

WTF, over?  Do these people have any idea how blockchain works?  Anyway, there's no mention of it being open source or even available for peer review, so I asked their support team a few questions:

1. Is the source code of the hardware wallet open-source or available for peer review?
2. Is the hardware open for peer review?
3. Is the source code of the mobile app open-source or available for peer review?
4. Is the firmware for the printer open-source or available for peer review?
5. What licensing standard (if any) is applicable?

[o_e_l_e_o]

iCoin’s wallet uses a specific hardened derivation path to generate keys.  We do not check all derivation paths because the wallet is cold and not network connected.  At this time we do not allow users to choose derivation paths.

Oh good. Another wallet using a non-standard derivation path, but it won't tell you what it is. I look forward to future posts on this forum of people with seed phrases generated by this wallet who are recovering empty wallets and cannot find their coins. And no option to pay using bitcoin. Nothing says "pioneer of ... the digital economy" quite like not actually accepting any digital currencies.

The iCoin wallet supports Bitcoin, as well as Etherium and ERC tokens.

Or not even knowing how they are spelt.

This screams of Verizon trying to make some easy money. At $200 it's way overpriced as well.

[n0nce]

I would never use this wallet for anything, and I don't think it's secure enough for storing anything other than coupon codes or maybe pizza recipes.

Oh, come on now, Wiz Khalifa is using it!  It could be really nice, but it looks like a pretty basic wallet with a touch screen and a camera.  Oh, and it has a flashlight, in case you need to recover your seed in a cave, presumably.

From UI and form factor, as well as the overall credibility of the project, I guess that it is probably a repurposed, very old Android smartphone (like Samsung Galaxy S3) with a stripped-down OS and a single application (wallet).
It wouldn't be the first Android-based hardware wallet, but at least other projects aren't based on off-the-shelf, outdated hardware (just a guess, but an educated one in my opinion..).

[dkbit98]

Oh, come on now, Wiz Khalifa is using it!  It could be really nice, but it looks like a pretty basic wallet with a touch screen and a camera.  Oh, and it has a flashlight, in case you need to recover your seed in a cave, presumably.

Yes I was dreaming all my life to have a hardware wallet with powerful flashlight so I can go in cave whenever I want to see my balance and make transactions.
Seriously someone should make a list of worst hardware wallets ever made and this iCoin would have deserved place in this list.
Do I need to buy ten iCoin wlalets like Wiz Khalifa?

WTF, over?  Do these people have any idea how blockchain works?  Anyway, there's no mention of it being open source or even available for peer review, so I asked their support team a few questions:

I am sure they are top gun experts for cryptocurrencies and even prince of Nigeria is using their technology to store his wealth.

Or not even knowing how they are spelt.

This is how verizon people are spelling stuff, it's a special encryption technology based on blockchain.
It's like iPhones for hardware wallets, so they named it iCoin.

From UI and form factor, as well as the overall credibility of the project, I guess that it is probably a repurposed, very old Android smartphone (like Samsung Galaxy S3) with a stripped-down OS and a single application (wallet).
It wouldn't be the first Android-based hardware wallet, but at least other projects aren't based on off-the-shelf, outdated hardware (just a guess, but an educated one in my opinion..).

I bet opening this devices you will find antennas and all other stuff you would find in older smartphones.
But maybe developers are hiding written private keys there  

[n0nce]

From UI and form factor, as well as the overall credibility of the project, I guess that it is probably a repurposed, very old Android smartphone (like Samsung Galaxy S3) with a stripped-down OS and a single application (wallet).
It wouldn't be the first Android-based hardware wallet, but at least other projects aren't based on off-the-shelf, outdated hardware (just a guess, but an educated one in my opinion..).

I bet opening this devices you will find antennas and all other stuff you would find in older smartphones.
But maybe developers are hiding written private keys there 

Oh no please don't make me buy one just to open it and destroy the whole product through an honest review and pictures of the internals..
It could be a lot of fun, though. Maybe I could even throw in a 0-day (just reusing an n-day of the device that was used as base for the wallet, if my suspicion is right that it's an old smartphone) just to spice the review up a bit?

But it's just too damn expensive for a little fun post like that, I'm sorry.

[ABCbits]

--snip--

At a glance, it looks like they spend most of their funds into advertising rather than development of the hardware wallet itself. Anyway, few FAQ bothers me.

My iCoin Wallet won't turn on?

Sometimes the devices arrived without charge.  We test the devices before they’re boxed and shipped, so it’s most likely a drained battery, not a hardware malfunction.

It's probably just the battery almost run out of energy before shipped, but also could imply the battery have poor quality and drained quickly.

Why do I need the iCoin Mobile App?

The Mobile App functions as the hardware wallet’s blockchain gateway, using Air Gap technology to relay and receive information to and from the hardware wallet. Since the iCoin hardware wallet has no network connectivity, it can never connect to a blockchain.

There's no correlation between question and answer. They could just say "iCoin hardware wallet is designed to be vendor verizon lock-in".

--snip--

But it's just too damn expensive for a little fun post like that, I'm sorry.

I agree, although few people might make a donation to see such post.

[dkbit98]

Oh no please don't make me buy one just to open it and destroy the whole product through an honest review and pictures of the internals..

Don't worry I won't force anyone to waste money on overpriced iCoin hardware wallet, but you could do some airgap experiments with it if you insist.
I don't know what operating system this device is using but judging by this video of two ''verizon experts'' speaking, I think it's probably using Android OS.
To be fair, I like the idea of using thermal printer, so this could be only thing I would consider using, but I don't like it's using bluetooth for communicating with device.
https://www.youtube.com/watch?v=0KlPtZqHcHk