low-cost hardware wallet for less than 10 dollars

[m2017]

The price of hardware wallets of well-known and eminent brands is, to put it mildly, overpriced, but they offer devices that are still the most reliable ways to store crypto currencies. In addition, these devices are being improved, new models are being released, it being supported, and so on. That is, a set of associated services is provided. And what can you get for a device that costs less than $10? Something unknown. At this stage, there is too little information, especially regarding the security of this wallet. Therefore, blindly buying this device and immediately transferring all your money there can be a stupid mistake. It is necessary to wait for reviews and reviews, then, it will be possible to think more. Will waiting for the results of other people's experiments.

[DaveF]

Without getting into the secure element / no secure element thing at the moment
The issue with doing it this was is the fact that these lower end development boards are for lack of better wording, disposable.
I cannot say with any certainty that getting a Jade from Blockstream will be any better, but I can say that I ewasted about 10 of the development boards for a customer a few months ago. (Fine, I threw them in a box to take to the recycle place....they will get there sooner or later)

They are built to be tinkered with but they are not particularly sturdy. You CAN get better ones, but they cost closer to $30. At that point you are 1/2 way to getting a finished boxed product.

*This is coming from the US, I can't comment on costs for these things in other parts of the world.

-Dave

[mendace]

This is actually the first time I've heard of this hardware wallet. Is it reliable? what about security? does it guarantee that the assets stored in it are truly protected? I have a lot of questions about this hardware wallet. What's more, from your explanation it seems quite unfriendly to me, who is a little unfamiliar with hardware wallets and I'm quite worried that when I order this wallet and deposit my bitcoin it's there forever and can't be taken out. To be honest, now I have more faith in hardware wallets like Ledger and Trezor. Even though it is more expensive, it has proven to be reliable, more friendly, and secure for storing crypto assets.

This is a hardware wallet that is definitely not friendly to the less computer savvy.  You mention ledgerz trezor, etc... but they are all ready-to-use hardware wallets, you just need to turn it on to be approximately operational.  Instead, consider this as if the hardware were an empty box and you have to fill it with the firmware which in this case will be Jade's as it is distributed as open source software and you can install it if the device is compatible.  So I can tell you that Jade is reliable and you interface it through the Green wallet, perhaps it may all seem very confusing to you but try to study a little more and you will see that you can understand better.

[Doan9269]

In as much as I am looking to get a hardware wallet for myself at a cheaper rate, I should also exercise caution because doing so usually comes with a greater risk. As such, even if I bookmark this, I will probably wait for a review from one or two trustees, not any reviews online because they can probably be paid reviews, and detailed information regarding how secured the wallet is. Maybe by then I will have to order some more. Right now, it will really not be a good idea for someone with zero experience to grab hardware without a solid positive rating.

you need to research it first and look at the youtube video. i even watch the youtube video but it seems pretty hard to compile all the hardware into a working wallet.
i believe it's better to buy the cheapest trezor wallet which is around 70$ for you.

A cheap hardware wallet is something everyone wants, but it will be quite risky with products that are still quite new and have not been tested by the community. I already own a hardware wallet, so I'm not too concerned about this. But I also recommend everyone to buy a wallet with a good reputation in the market like Trezor, because its price is not too expensive compared to the bitcoin value we are holding. For new, unpopular wallets, do not rush to buy cheap, it will be very risky, wait for more reviews from the community of tech-savvy people.

Buying hardware wallet is not the challenge here as long as one can afford the little amount to secure one, but it also needs some security measures to be in place, if you're the type that's very poor in handling things, you'd better think twice before getting one, also don't buy any hardware wallet you're yet to get familiar with or those newly introduced without having those you rely on already using themselves, anyone can come out today and introduce something new, just as you wouldn't want to use anyhow bank to hodl your fiat.

[Kakmakr]

Why go through all the trouble to buy something that are not tested and virtually unknown to the market, if you can buy a wallet that has been bought by up to 2 million people for $59? ==> Ledger Nano S

I played around with these DIY wallets and it was a bloody nightmare to set it up and I never had the courage to store a lot of coins on it. You know how it works... store $100 worth of coin on it and it will be safe, but the moment when you send $1000 worth of coins to it... it is gone! 

[mejarm]

Are there Jade wallet owners nearby or positive reviews of this wallet? Since you can easily find user reviews for Trezor and Ledger online, I still prefer those two wallets over others. If 10 dollars is all you have available to spend, wait until you can as you can keep your Bitcoin on Electrum wallet until you can buy a Nano hardware wallet. I will never take the risk of being the first tester by risking my money.

[bakasabo]

We know the rule «price does not mean quality», but not this time. I think a lot of customers are already scared by the look of that bold body  with charge jack, and would immediately close that webpage. From first look, this gadget does not look much reliable. Imho, people are looking for «out-of-the-box» solution more, instead of build your own device.

[Faisal2202]

Cheap devices are always scary, the obvious question would be what makes them sell it at such a low price?

I think it's the technicality of assembling it because other HW are pre-assembled like Trezor or Ledger and all a non-technical person has to do is, watch a YouTube tutorial and boom! they are good to go to use their HW wallet but in this, they have to get familiar with programming and technical work which they can not do even this could save them lot of money but idk how much money we can save from HW we make as per OP making.

Because entebah was saying he can buy one for $70, and according to OP, he can make one for $8. So, one is saving $68 which is good but as all the members mentioned the security, reliability, and updating issues I don't think it would be a best practice to hold BTC in homemade wallets, and plus $8 kit is not reliable too, as OP mentioned other two options which will cost around $19 plus shipping fee to so.

[Woodie]

I keep getting that inner voice telling  me cheap is expensive and seeing that price I think in the long run someone will be paying for it one way or another...

Why is this wallet so cheap compared to whats on the market?

For how long has this been on the market and what "negative" reviews does it have?

Besides its low price, why should any one be interested in this wallet??

[DaveF]

I keep getting that inner voice telling  me cheap is expensive and seeing that price I think in the long run someone will be paying for it one way or another...

Why is this wallet so cheap compared to whats on the market?

For how long has this been on the market and what "negative" reviews does it have?

Besides its low price, why should any one be interested in this wallet??

It's not a wallet. It's the OS for a wallet that you can run on a cheap common board.
There are plenty out there that are good, there are also a lot as I pointed out in my above post that are disposable.
Sometimes you get both in the same lot.

There are better ones but they cost more.

And if you are not someone who likes to tinker, do you really want to deal with it when you can get a boxed supported product for under $100?

-Dave

[mendace]

I keep getting that inner voice telling  me cheap is expensive and seeing that price I think in the long run someone will be paying for it one way or another...

Why is this wallet so cheap compared to whats on the market?

For how long has this been on the market and what "negative" reviews does it have?

Besides its low price, why should any one be interested in this wallet??

The cost is so low because you are buying a single board that can also be adapted for other purposes than just a wallet.  So there is nothing inside it will be empty, you will have to install the Jade firmware which is the same as the wallet sold for $70/80 by blockstream.  So if you want to buy it you should know that it is purely for development purposes and should not become your primary wallet.

[fillippone]

Of course there is a bit of caution when using hardware not specifically built for the purpouse of transaction signing.
Yes, because bear in mind that hardware wallets are meant to be used to sign transaction, not to store coins in cold storage.
I.e. Hardware wallet still need a seed backup.
So, in case an hardware malfunction no coins should be lost anyway.

[monedauno]

In the video I am not sure how you can buy this wallet for that little bit, but you can try.

If you want to buy your own hardware wallet, you must buy the hardware with the same amount as you are purchasing the hardware using the same wallet.

I have a hardware wallet that has 5 bitcoin.

[loopes]

I am not acquainted with Jade wallet, and this is my first encounter with it. I am intrigued to know how you stumbled upon this wallet and what measures you have taken to ensure its safety as a hardware wallet. Given the wallet's low price, I am concerned about its security. Have you come across any reviews or feedback on its safety? I recommend exercising caution while storing your assets there. It would be wise to test it out yourself before recommending it to others and sharing your experience. Ultimately, prioritize the security of your funds above all else.

I agree with you that, the price of this jade wallet makes people has a suspicious feeling. The most of People in this world has mindset that the price gives quality, it means when the price of an item is expensive, commonly it will provide excellent quality of the product because the product consists of premium quality. But to ensure the security of this jade wallet, it is necessary to do an analysis how secure this hard wallet in storing the bitcoins.

[mendace]

Here I was able to build the Jade firmware in an esp32 card like that of the stick plus the procedure is very simple and unlike the YouTube video linked in my first post I leave you the exact commands to be able to do it in complete autonomy using docker.  Obviously I do not put a guide to install docker you can find dozens on the internet.  P.S.  i used debian as os i don't assure it works on windows or macOS.

Code:

git clone https://github.com/Blockstream/Jade.git
cd Jade
sudo docker-compose up -d
sudo docker-compose exec dev bash
git submodule update --init --recursive
cp configs/sdkconfig_display_m5stickplus.defaults sdkconfig.defaults
idf.py -b 115200 flash monitor

[FrozenBit]

I don't know if cheap hardware like this is OK and has full security and functionality compared to other regular wallets. So when I'm not sure if it's okay to wait for someone to review the product because it's really a hardware wallet at such a low price from a little-known manufacturer, everyone has to worry. for asset protection purposes. If it's good, I'll try to order it and wait and see how it goes.

[drwhobox]

Compromising your bitcoins is not ideal. I will not risk my coins with cheap unreliable hard wallet. If I don't have the budget to spend on hard wallet I would rather store my coins in electrum. There is question how much safe to use that 8$ hardwallet, and I think OP can not answer that. It is better to avoid unreliable options with decent amount of bitcoins.

[examplens]

Compromising your bitcoins is not ideal. I will not risk my coins with cheap unreliable hard wallet. If I don't have the budget to spend on hard wallet I would rather store my coins in electrum. There is question how much safe to use that 8$ hardwallet, and I think OP can not answer that. It is better to avoid unreliable options with decent amount of bitcoins.

We don't have to be exclusive against such ideas. Cheap hardware wallet alternatives are certainly a good direction and in the future, they can bring positive benefits. Imagine, for example, there are people who need a larger number of hardware wallets, there could be many reasons.
OP's initiative here is fine, more people involved in the development can only bring benefits.

[suzanne5223]

Compromising your bitcoins is not ideal. I will not risk my coins with cheap unreliable hard wallet. If I don't have the budget to spend on hard wallet I would rather store my coins in electrum. There is question how much safe to use that 8$ hardwallet, and I think OP can not answer that. It is better to avoid unreliable options with decent amount of bitcoins.

We don't have to be exclusive against such ideas. Cheap hardware wallet alternatives are certainly a good direction and in the future, they can bring positive benefits. Imagine, for example, there are people who need a larger number of hardware wallets, there could be many reasons.
OP's initiative here is fine, more people involved in the development can only bring benefits.

I agree with you in the sense that there's no much competition in the hardware wallet market and it's making the well-known hardware company give us an overprice on their wallet.
Second, cheap or reliable hardware wallet what matters most is how you use it. You could buy the most expensive hardware wallet and still get hacked if not use it in the right way.

[drwhobox]

Compromising your bitcoins is not ideal. I will not risk my coins with cheap unreliable hard wallet. If I don't have the budget to spend on hard wallet I would rather store my coins in electrum. There is question how much safe to use that 8$ hardwallet, and I think OP can not answer that. It is better to avoid unreliable options with decent amount of bitcoins.

We don't have to be exclusive against such ideas. Cheap hardware wallet alternatives are certainly a good direction and in the future, they can bring positive benefits. Imagine, for example, there are people who need a larger number of hardware wallets, there could be many reasons.
OP's initiative here is fine, more people involved in the development can only bring benefits.

Agreed on that point, that it is great to have cheap options available for hard wallet but how reliable those cheap options can be? Anything can possible now, my original thought is the cheap alternative option is reliable and tested to be used safely.