low-cost hardware wallet for less than 10 dollars

[Potato Chips]

Nice work! Looks interesting.

But since it's basically a jade HW, I'm guessing we still have to rely on their whatnot oracle for our PIN?

I was actually one step away from buying jade until I read the device comminicates to a server for the PIN as I prefer a more closed off HW.

[crunck]

It sounds tempting at $10 for a hardware wallet, but I would stay away from it. Why don't we choose a hardware wallet already famous for being safe, like Trezor? We should know that bitcoin is one of the precious assets, and its value can reach millions of dollars in the future, and spending $100 to buy a wallet that protects that huge wealth is too cheap. So people, don't be too frugal to regret if something happens just because of buying cheap things.

[mendace]

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.

Of course the hardware is safe after all the blockstream Jade doesn't have much more than this esp32.  The difference lies in the fact that you build the firmware and therefore you can control any aspect and if you want to change it, this makes the wallet itself even more secure.  While as regards the PIN part, you can do self-hosting but you need hardware that has a camera.

~signature spam~

How much nonsense, I advise you to avoid useless signature spam if not.  you know what you are saying... the firmware is the same as Jade released by blockstream and you can check it on github.  The hardware doesn't make the difference but your head and how you will use it.

Nice work! Looks interesting.

But since it's basically a jade HW, I'm guessing we still have to rely on their whatnot oracle for our PIN?

I was actually one step away from buying jade until I read the device comminicates to a server for the PIN as I prefer a more closed off HW.

That part of the PIN oracle can be self hosted on your own server or raspberry

[Z390]

So now there is no reason not to have a hardware wallet because the main reason why people don't use hardware wallet already is because of the cost price, now that this one is available at a very lower price the problem is solved but how can we know that this wallet is reliable?

Are you seeing what is happening with Ledger hardware wallet right now? Crypto influencers are advising people not to buy Ledger anymore because they are not reliable.

The failure of Ledger hardware wallet has proven that anything can happen crypto space,. And this will also serve as an example to all crypto investors that invest in digital assets and put them aside for a very long of time without looking back, you need to stay updated and informed about what is going on in the crypto space and sometimes the constant updates will save you from a bigger disaster.

[Z-tight]

So now there is no reason not to have a hardware wallet because the main reason why people don't use hardware wallet already is because of the cost price, now that this one is available at a very lower price the problem is solved but how can we know that this wallet is reliable?

If you are not tech-savvy or ready to take your time to learn and try something new, you would not be able to use a DIY wallet. Take note that you are not buying a plug and play hardware wallet, you have to run it by yourself, and that is why it is at that price. Hardware wallets are not too expensive, and if you don't know what to do with DIY wallets, buy an already built hardware wallet.

Are you seeing what is happening with Ledger hardware wallet right now? Crypto influencers are advising people not to buy Ledger anymore because they are not reliable.

Ledger truly disappointed the crypto community, but there are other good alternatives. Or you just use Electrum software wallet in an air-gapped device that you must set up in a safe enviroment, it is very safe if you know what you are doing and do it correctly.

[Haunebu]

This is interesting op. Personally, I have a Ledger Nano S and I was disappointed with the recent issues which was unexpected frankly speaking. I never thought that the government could access my private keys.

A low-cost budget alternative could attract some buyers, but it needs to prove its reliability in the short-term to attract way more buyers.

[entebah]

So now there is no reason not to have a hardware wallet because the main reason why people don't use hardware wallet already is because of the cost price, now that this one is available at a very lower price the problem is solved but how can we know that this wallet is reliable?

even with this cheap hardware, you have to know how to make the hardware so that it can be used because for me all the steps from the video are pretty hard for me to follow.

how can we know that this wallet is reliable?

the software that you will be using is Blockstream Jade Firmware, which you can buy from the official website here https://store.blockstream.com/product/jade-hardware-wallet/

[kaseygriffin]

I really felt quite surprised when I read through the title of this article about just spending 10 dollars to own a hardware wallet. That sounds like a pretty good price, but I really wouldn't buy it. Having long had many established hardware wallet brands like Trezor, Ledger is trusted and recognized by everyone in the crypto community for its strong security features and track record. Although owning a hardware wallet comes at a high price, the trade-off of trust is understandable. In addition, the assets in this market are really large, so with the cost of a hardware wallet to protect your assets, it is really necessary. It is still best to choose more reputable brands at the expense of brands like these.

[Z-tight]

I really felt quite surprised when I read through the title of this article about just spending 10 dollars to own a hardware wallet. That sounds like a pretty good price, but I really wouldn't buy it. Having long had many established hardware wallet brands like Trezor, Ledger is trusted and recognized by everyone in the crypto community for its strong security features and track record.

Ledger and even Trezor had a good track record until recently, i do not recommend them anymore, people who want to use hardware wallets should research for other good alternatives that care about their users privacy and also still understand how BTC keys and seed phrase should be stored. Take note that you are not owning a plug and play hardware wallet with $10, read the topic well, you will have to create it by yourself after buying the operating system and the hardware.

[goldkingcoiner]

You read the title correctly, it's all true and we're even talking about a blockstream Jade wallet.

I must specify that for the moment I have only ordered the hardware and I'm waiting for delivery, the times are very long but with only 8 dollars you can "build" your own secure hardware wallet with Jade.

By reading this guide and by purchasing this device you can try.

or if you want to try but spending a little more then try these two
STICK PLUS and BASIC CORE
If you try, let me know how it went.

I also leave you a demonstration video that explains
https://www.youtube.com/watch?v=PeqP6oVnlIs

How secure is a hardware wallet that costs only a mere 8 dollars? Is that really the kind of wallet you would want to put your money into?

I think the price of a hardware wallet should reflect how much money, thought and time went into its development. A 8 dollar hardware wallet is not really worth considering unless its provably safe. The proof is kind of the missing part here. But since the code seems to be open source, I think that proof is easy to look for. On the other hand, it being open source might just give hackers the tools they need to find a weakness in the wallet.

Has this been vouched by anyone? Any auditors or something?

[Bitstar_coin]

There is a saying that "what is cheap is mostly not 100% authentic", so my concern is.... how trusting and secure can this hardware wallet be! @op have you checked online for reviews and any negative review as well?
Compare to what other hardware wallet are trading, this seems to be the cheapest which can be easily afforded by anyone in crypto who is interested in self secured wallet.

[mendace]

The failure of Ledger hardware wallet has proven that anything can happen crypto space,. And this will also serve as an example to all crypto investors that invest in digital assets and put them aside for a very long of time without looking back, you need to stay updated and informed about what is going on in the crypto space and sometimes the constant updates will save you from a bigger disaster.

I really felt quite surprised when I read through the title of this article about just spending 10 dollars to own a hardware wallet. That sounds like a pretty good price, but I really wouldn't buy it. Having long had many established hardware wallet brands like Trezor, Ledger is trusted and recognized by everyone in the crypto community for its strong security features and track record. Although owning a hardware wallet comes at a high price, the trade-off of trust is understandable. In addition, the assets in this market are really large, so with the cost of a hardware wallet to protect your assets, it is really necessary. It is still best to choose more reputable brands at the expense of brands like these.

How secure is a hardware wallet that costs only a mere 8 dollars? Is that really the kind of wallet you would want to put your money into?

I think the price of a hardware wallet should reflect how much money, thought and time went into its development. A 8 dollar hardware wallet is not really worth considering unless its provably safe. The proof is kind of the missing part here. But since the code seems to be open source, I think that proof is easy to look for. On the other hand, it being open source might just give hackers the tools they need to find a weakness in the wallet.

Has this been vouched by anyone? Any auditors or something?

There is a saying that "what is cheap is mostly not 100% authentic", so my concern is.... how trusting and secure can this hardware wallet be! @op have you checked online for reviews and any negative review as well?
Compare to what other hardware wallet are trading, this seems to be the cheapest which can be easily afforded by anyone in crypto who is interested in self secured wallet.

Oh my Gosh i see a lot of confusion here and i could answer your questions with the same answer for everyone and in fact that is exactly what i will do. Keep repeating that the wallet is not reliable because it is low cost ... you are deluding yourself. Let's start by saying that the hardware is a trivial empty esp32 which is commonly used to do a little bit of everything. Moving on to the firmware, however, you must know that it is exactly what is used by Blockstream for its Jade, so if you don't trust Jade, don't buy it and don't even use this method. What are the differences with Jade? That this firmware is released on Github and you can check out all the code and that's not all you will be doing the build yourself and then flashing the board, so it won't come already packaged by Blockstream... you just have to trust yourself. What are the differences with Ledgere, Trezor, etc... each one has its strengths and weaknesses but do you think that those hardware have the value of their cost or do you think that their real value will be just 10 euros? Because all those companies have costs to maintain, (material, developer, graphic designer, programmer, manager,...... and a long list) so it is logical that the price will be much higher than its actual cost.

[sokani]

So now there is no reason not to have a hardware wallet because the main reason why people don't use hardware wallet already is because of the cost price, now that this one is available at a very lower price the problem is solved but how can we know that this wallet is reliable?

You are right in a way to say the high price of hardware wallets is one of the reasons why people don't go for them but don't you think $10 dollars is too cheap for a hardware wallet? also is Jade wallet open source? In as much as I cannot afford good hardware wallets like Trezor or Ledger hardware devices right now, I would stay away from this one. I guess I would have to wait and see other people's feedback from the forum because I don't trust the review and score rating on YouTube, they might have been paid to put in good words.

[qwertyup23]

Hi, I am not much acquainted with hardware wallets given that I keep most of my BTCs inside our local exchange. As I have stumbled upon this post and read that it is indeed a relatively cheap wallet that offers maximum security, would you guys recommend this to me, which is someone who knows little-to-nothing in hardware wallets?

If not, do you guys have any recommendations which hardware wallet to use that offers easy-to-understand mechanics and interfaces? I am now migrating most of my BTCs on my local exchange given the safety that hardware wallets offer.

If yes, do you guys have a step-by-step process on how to use such wallet? My deepest apologies as this would be my first time using such wallet.

[Z-tight]

Hi, I am not much acquainted with hardware wallets given that I keep most of my BTCs inside our local exchange.

Your local exchange is the wrong place to store your BTC, they can bite the dust or confiscate your funds and you will lose your money, move your money out of that exchange to either a good software or hardware wallet.

As I have stumbled upon this post and read that it is indeed a relatively cheap wallet that offers maximum security, would you guys recommend this to me, which is someone who knows little-to-nothing in hardware wallets?

I would not recommend it to you because you say you know nothing about a hardware wallet, so i don't think you will be able to create this DIY wallet, you need to have some tech knowledge to set this wallet up by yourself, but the wallet is a great option for people who can do it.

do you guys have any recommendations which hardware wallet to use that offers easy-to-understand mechanics and interfaces? I am now migrating most of my BTCs on my local exchange given the safety that hardware wallets offer.

Hardware wallets are very easy to use, it is almost plug and play; but you have to back up your seed phrase in a safe enviroment. There are alternative hardware wallets and you can research for them, but don't use Ledger for now, it is no longer recommended because of their recent recovery feature. A good software wallet like Electrum run in an air-gapped device is also a safe cold storage option.

You are right in a way to say the high price of hardware wallets is one of the reasons why people don't go for them but don't you think $10 dollars is too cheap for a hardware wallet? also is Jade wallet open source? In as much as I cannot afford good hardware wallets like Trezor or Ledger hardware devices right now, I would stay away from this one. I guess I would have to wait and see other people's feedback from the forum because I don't trust the review and score rating on YouTube, they might have been paid to put in good words.

Read @Mendace's post that is above yours, if you read it, you would not have written this, many members are still confused about this because they refuse to read the entire topic.

[Aikidoka]

This is really interesting to make your own hardware wallet using an $8 device which is extremely cheap. However, I think it also makes it a bit scary because I think it's fragile and could break at any time since it's cheap. When it may have good security features, the device itself is debatable due to its low cost and the potential for breakage. In general, people store almost all their bitcoin in hardware wallets because they're considered pretty safe so they prefer to invest in something more durable that can last for years without the risk of being broken.

I believe it would be better to store the majority of your bitcoin in a more reliable device, one that allows you to sleep at night without worrying about the safety of your bitcoin.

[mendace]

This is really interesting to make your own hardware wallet using an $8 device which is extremely cheap. However, I think it also makes it a bit scary because I think it's fragile and could break at any time since it's cheap. When it may have good security features, the device itself is debatable due to its low cost and the potential for breakage. In general, people store almost all their bitcoin in hardware wallets because they're considered pretty safe so they prefer to invest in something more durable that can last for years without the risk of being broken.

I believe it would be better to store the majority of your bitcoin in a more reliable device, one that allows you to sleep at night without worrying about the safety of your bitcoin.

It's quite absurd the way you're commenting but I understand signature campaigns have to generate messages but I don't understand why instead of reading posts you write shit.  The hardware is a trivial esp32 card and between this and a coldcard I don't see much difference.  I've already written it and I'll repeat it but in the most famous hardware wallets you are paying for the marketing and not the hardware.  If your device should break you will not lose even a bitcoin because if you have kept your 12 or 24 word seed you can access it from any other wallet... but you should already know this otherwise I don't understand what you are doing in here .

[Aikidoka]

I don't understand why instead of reading posts you write shit.
~snip~

Sorry but I didn't write shit? What I'm trying to say is that I'm not storing a lot of my bitcoin in a device that costs $8, even though I am aware that I can recover my funds using my seed phrase if the device breaks and I hope you can get my point here.

I would prefer to use a reputable hardware wallet (NOT Ledger) or an air-gapped device that I have full control over. I hope this clarifies what I'm trying to say

[mendace]

I don't understand why instead of reading posts you write shit.
~snip~

Sorry but I didn't write shit? What I'm trying to say is that I'm not storing a lot of my bitcoin in a device that costs $8, even though I am aware that I can recover my funds using my seed phrase if the device breaks and I hope you can get my point here.

I would prefer to use a reputable hardware wallet (NOT Ledger) or an air-gapped device that I have full control over. I hope this clarifies what I'm trying to say

I keep repeating that you are not considering the marketing of those devices that you say are reliable but cost at least X10 times the real one.  When you buy it, you're actually paying for advertising.

[AicecreaME]

I don't know why people want to save money as much as possible even when it comes to good security of their funds.

I'd rather spend more dollars just to have a more reputable wallet than trialing and error on cheap wallets that just got out of the market. I mean you could risk it if you have a lot of Bitcoin but for me, I'd go for the safest and secured options that I do have. It's not worth the risk for me, earning Bitcoin is not that easy.