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Author Topic: Best open source hardware wallets for BTC?  (Read 593 times)
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June 03, 2023, 06:15:43 AM
 #21

After all, I think we’ll all reach one conclusion: the best storage is cold storage by using older hardware (eg. an old laptop). Keep that thing offline and use Electrum, there’s nothing else you’ll ever need, man.

I’m so tired and sick of their BS. All these companies are obviously targets and some of them will kneel to the government. Just.. DIY a great cold storage and roll with it.
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June 03, 2023, 10:45:53 AM
 #22


I can advise you to seriously consider Blockstream's Jade hardware wallet as it has all the code clearly visible on Github and a very low cost of around $70 or so. 
I'm torn between this and Trezor. I am using their blockstream green wallet software and also saw their other product which is the hardware wallet. But I think, there's more confidence in the usage of Trezor as it's the other hardware wallet that's next or now over than the Ledger hardware wallets.

While if you ask me which is the best software, my choice falls on Electrum.
Yeah, it's an open source and one of the best wallets but it's not a hardware wallet.

I really don't like Trezor and its way of storing the seed, please note that Jade does not have a secure element but it has a double PIN function that protects the seed and it can be self hosted this part as well.  Also with the camera and QR system you have implemented an excellent airgapped function.  Keep these things in mind, as well as the fact that if you opt for the auto compile code solution you won't have to trust any third party but yourself.
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June 03, 2023, 11:17:36 AM
 #23

After all, I think we’ll all reach one conclusion: the best storage is cold storage by using older hardware (eg. an old laptop). Keep that thing offline and use Electrum, there’s nothing else you’ll ever need, man.

I’m so tired and sick of their BS. All these companies are obviously targets and some of them will kneel to the government. Just.. DIY a great cold storage and roll with it.

I like this method, and I am planning it too, prepare an old pc and install linux os, combine it with Electrum, and keep them always offline. I think it is more secure than any hardware wallet on the market because they are all manufactured by companies, and these companies cannot resist government control. Bad things have happened to Ledger, and if the government doesn't want to stop it, other hardware companies will be next.

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June 03, 2023, 12:26:56 PM
 #24

After all, I think we’ll all reach one conclusion: the best storage is cold storage by using older hardware (eg. an old laptop). Keep that thing offline and use Electrum, there’s nothing else you’ll ever need, man.

I’m so tired and sick of their BS. All these companies are obviously targets and some of them will kneel to the government. Just.. DIY a great cold storage and roll with it.

I like this method, and I am planning it too, prepare an old pc and install linux os, combine it with Electrum, and keep them always offline. I think it is more secure than any hardware wallet on the market because they are all manufactured by companies, and these companies cannot resist government control. Bad things have happened to Ledger, and if the government doesn't want to stop it, other hardware companies will be next.

I have also seen some investors using this method, a friend of mine had a hard time owning a hardware wallet because their country completely banned cryptocurrencies. Using a separate computer just to store bitcoins and always offline is something he has been doing for years. So far, I haven't heard any problems from him, and they are fine with this method. With what happened to Ledger is something we need to be more concerned about because I think it will not only occur to Ledger, but maybe other companies will also be the next target of the government. They cannot control the bitcoin network, but they can control crypto-related companies. That will also seriously affect us.

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June 03, 2023, 07:46:07 PM
Merited by FatFork (1)
 #25

Does anyone know of any good hardware wallets that are open source? I've been using a Ledger Nano for years but not being open source is a deal breaker for me. With the Ledger Recover feature meant to help restore people's private keys/seeds by complying with KYC, the hardware wallet could be compromised as we know it. If it's not open source, it cannot be trusted.
You won't find one ideal open source hardware wallet device, all of them have some plus and minuses but you can find few of them that works for you.
If you are using only Bitcoin than one of the good hardware wallets is Passport by Foundation, and for multicoin wallets Keystone is not bad and they are both airgapped.
I am not recommending purchase of any closed source wallets like ledger, but I would also skip overpriced Trezor Model T.

Here is the list of Open Source Hardware wallets I am maintaining:


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June 04, 2023, 08:06:58 AM
 #26

I can advise you to seriously consider Blockstream's Jade hardware wallet as it has all the code clearly visible on Github and a very low cost of around $70 or so.  And that's not all, you can also compile this wallet on an esp32 card such as the lygo or stick c plus and reduce costs to just a few tens of dollars.  Furthermore, I had already talked about this choice in the thread opened a few weeks ago. 
https://bitcointalk.org/index.php?topic=5450647.msg62169741#msg62169741

While if you ask me which is the best software, my choice falls on Electrum.

Pretty cool. I like the fact that the Jade wallet is a lot cheaper than the Ledger Nano X. But your solution seems to be even better using an esp32card. I wonder if this will work on smartphones (Android) or only on PC? I'm usually mobile, so I'd prefer something I could use to pay with BTC wherever I go. With this, who needs Ledger anymore?


Some are using trezor and they say it is open source and cheaper than Ledger. In my opinion, I don't think anything is 100% secure, and Ledger is an example. We trusted them for years until they announced their damn service. The best way is that you divide your assets into parts and store them in different wallets, I think only then will our assets be more secure.

I think Ledger sold itself to the government. They were pushed to comply with KYC through their own little service. But the community is not stupid. Most hardcore crypto users will now abandon Ledger products because of this. It's a pity because I've thought the company stood for crypto's original values. With open source hardware wallets, you don't need to trust the company other than to verify the code if everything is secure. Who knows if these alternatives ultimately beat Ledger in the long run?

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June 04, 2023, 08:15:00 AM
 #27

I can advise you to seriously consider Blockstream's Jade hardware wallet as it has all the code clearly visible on Github and a very low cost of around $70 or so.  And that's not all, you can also compile this wallet on an esp32 card such as the lygo or stick c plus and reduce costs to just a few tens of dollars.  Furthermore, I had already talked about this choice in the thread opened a few weeks ago. 
https://bitcointalk.org/index.php?topic=5450647.msg62169741#msg62169741

While if you ask me which is the best software, my choice falls on Electrum.

Pretty cool. I like the fact that the Jade wallet is a lot cheaper than the Ledger Nano X. But your solution seems to be even better using an esp32card. I wonder if this will work on smartphones (Android) or only on PC? I'm usually mobile, so I'd prefer something I could use to pay with BTC wherever I go. With this, who needs Ledger anymore?





Tell me if it works?  Absolutely yes.  If you compile the code in one of the esp32 ones like the basic core (which I recommend because it has the most practical buttons) it already has the integrated bluetooth function if you don't disable it from the config file, so you download the Green wallet again from Blockstream for the management of the wallet and pair with the device via bluetooth.  Done.  I also advise you if you want a top layer of security to add the 25 word or seedphrase and keep it in mind just for you, so even if they come into possession of your seed they would find an empty wallet.  But you can also set up a 2 of 2 multisig wallet with OTP authenticator again using Greeen.
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June 04, 2023, 12:53:16 PM
 #28


Some are using trezor and they say it is open source and cheaper than Ledger. In my opinion, I don't think anything is 100% secure, and Ledger is an example. We trusted them for years until they announced their damn service. The best way is that you divide your assets into parts and store them in different wallets, I think only then will our assets be more secure.

I think Ledger sold itself to the government. They were pushed to comply with KYC through their own little service. But the community is not stupid. Most hardcore crypto users will now abandon Ledger products because of this. It's a pity because I've thought the company stood for crypto's original values. With open source hardware wallets, you don't need to trust the company other than to verify the code if everything is secure. Who knows if these alternatives ultimately beat Ledger in the long run?

It can be said that what Ledger did has disappointed many people. But we need to realize one thing, all these hardware wallet companies are in business, and they are regulated by the government. If the government cannot control the bitcoin network, then of course, they will target exchanges, hardware wallet companies, or all the companies that provide bitcoin related services to control bitcoin indirectly. I also fear that other hardware wallet companies like Trezor will be unable to avoid government pursuit. They won't stop until they reach their goal. So I have more worries in the future, we should find another solution instead of like before, always thinking that hardware wallet is the safest.

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June 04, 2023, 01:42:10 PM
 #29


Some are using trezor and they say it is open source and cheaper than Ledger. In my opinion, I don't think anything is 100% secure, and Ledger is an example. We trusted them for years until they announced their damn service. The best way is that you divide your assets into parts and store them in different wallets, I think only then will our assets be more secure.

I think Ledger sold itself to the government. They were pushed to comply with KYC through their own little service. But the community is not stupid. Most hardcore crypto users will now abandon Ledger products because of this. It's a pity because I've thought the company stood for crypto's original values. With open source hardware wallets, you don't need to trust the company other than to verify the code if everything is secure. Who knows if these alternatives ultimately beat Ledger in the long run?

It can be said that what Ledger did has disappointed many people. But we need to realize one thing, all these hardware wallet companies are in business, and they are regulated by the government. If the government cannot control the bitcoin network, then of course, they will target exchanges, hardware wallet companies, or all the companies that provide bitcoin related services to control bitcoin indirectly. I also fear that other hardware wallet companies like Trezor will be unable to avoid government pursuit. They won't stop until they reach their goal. So I have more worries in the future, we should find another solution instead of like before, always thinking that hardware wallet is the safest.
A HW device can remain safe if it is not assembled / created by the hands of such companies as Ledger or Trezor. I am inclined to believe that sooner or later any manufacturer of hardware wallets may come under pressure from states, and even ideological companies (supporters of the ideas of the cryptocommunity) will be forced to surrender. Therefore, I believe that the safest HW wallet will be the device that you assemble with your own hands. The BTC-community needs to look in this direction and develop such an opportunity, when even an ordinary user without special technical skills can assemble such a device as a designer. Assembled the physical part, installed the firmware, connected it to electrum and use it.

Decentralized hardware wallets must also be decentralized, otherwise all this decentralization becomes meaningless. Bitcoin in your wallet should not depend on HW manufacturers anyone.

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June 04, 2023, 03:06:36 PM
 #30

Does anyone know of any good hardware wallets that are open source? I've been using a Ledger Nano for years but not being open source is a deal breaker for me. With the Ledger Recover feature meant to help restore people's private keys/seeds by complying with KYC, the hardware wallet could be compromised as we know it. If it's not open source, it cannot be trusted.

Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance. Smiley
The real deal-breaker isn't whether wallet is open-source or not (at least for me) but the clear vision of the company that builds that wallet. Ledger is a company with very cynical attitude towards their own customers and they are very money-oriented instead of being a privacy-oriented company.
At some point, the same applies to Trezor. While they are open-source, it doesn't mean their wallet is secure because their devices suffer from unfixable seed extraction vulnerabilities and at the same time, the problem lies within company too. This company is very pro-government, has partnered with Wasabi and Blockchain Analysis companies.

By the way, when it comes to advice, o_e_l_e_o is someone you should listen to, here I'll quote my question and his answer:
That has happened in 2019, do they still suffer from the same problem? Btw they removed the support of AOPP but yeah, what you say about them is true.
It's interesting to know what you think about Coldcard or do you think that no hardware wallet is trustable and airgapped encrypted devices are the only last and one devices to use.
As I said, the vulnerability is unfixable. It still exists and will always exist on these devices. Coldcard is certainly airgapped, but it is not open source as Pmalek points out and the company behind it spread lies about competitors for their own gain. I personally wouldn't use it.

If I had to buy a hardware wallet right now, I would buy a Passport. But I'd much rather continue to use a separate airgapped, encrypted device, running a FOSS OS and wallet.

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June 04, 2023, 03:14:15 PM
 #31

There are a few excellent open source hardware wallets available for securing your Bitcoin (BTC) holdings. One popular choice is the Trezor Model T, which features a color touchscreen and supports multiple cryptocurrencies. It is praised for its user-friendly interface and robust security measures. Another notable option is the Ledger Nano S, known for its compact design and affordability. It offers a wide range of coin support and has a strong reputation in the crypto community. Both wallets prioritize open source principles, allowing users to review and verify their software's security. Ultimately, the choice between these two wallets depends on your specific preferences and requirements.

Looks like you haven't heard about Ledger news, and you probably haven't read what OP said either, you are just replying based on the thread title. But that's okay, but it's important that you stay up to date with your news and knowledge to keep your bitcoins safe. The ledger is no longer secure, and Trezor could be everyone's next choice.

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June 04, 2023, 03:20:27 PM
 #32

The real deal-breaker isn't whether wallet is open-source or not (at least for me) but the clear vision of the company that builds that wallet. Ledger is a company with very cynical attitude towards their own customers and they are very money-oriented instead of being a privacy-oriented company.
and they are not consistent with what they said at the beginning. Ledger is sacrificing the privacy of all users with updates that no one really needs.
A clear vision and mission for open-source wallets will be a sign of how they will be in the future.
But if they violate their own mission statement, you can be sure they don't deserve any place with their customers.

At some point, the same applies to Trezor. While they are open-source, it doesn't mean their wallet is secure because their devices suffer from unfixable seed extraction vulnerabilities and at the same time, the problem lies within company too. This company is very pro-government, has partnered with Wasabi and Blockchain Analysis companies.
Trezor is the final choice, but if they are too pro-government it is not impossible that they will eventually do the same thing as Ledger.
As for the vulnerability of their devices, it can probably still be fixed with some further development.

I don't know which Hardware wallet is the best, we can only see the development at this time.
See how Hardware Wallet Companies compete with each other, providing their latest features to embed controversial features. 

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June 04, 2023, 03:24:35 PM
 #33

Binance Exchange CEO was right all along when he said that the biggest problem of crypto is the wallets we use to store our favourite coins, he believes that the security of those crypto wallets are not that secured like we think, and I felt scared because it's coming from someone who know about crypto wallet very well and also the founder of Trust wallet.

Ledger and Atomic wallet are not the latest example of why crypto wallet securities are one of the biggest issues we have in crypto space, do you think this is making sense? Or you disagree? Now Trezor look like the only option left for hardware wallet users.

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June 04, 2023, 03:28:25 PM
 #34

That's the bad part of using Ledger Nano they don't have open-source code for their hardware wallets and we do not know what's behind the program of their device.

Why not use Trezor instead which is open-source I do not know if it's the best one but Trezor is already a popular wallet that supports multiple cryptocurrencies.

Or if you just want to store Bitcoin only then a Cold card might be optional.


Even if it has served well for many years, it does not make some people trust them. I'm neutral on this, but I agree with what you're saying. When it's not open source, we can't fully control it. This pushes us to different thoughts. As an alternative, many things have been said.

Although I think so, I still use it. I hope the things we fear do not happen to us.
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June 04, 2023, 05:48:25 PM
 #35

Does anyone know of any good hardware wallets that are open source? I've been using a Ledger Nano for years but not being open source is a deal breaker for me. With the Ledger Recover feature meant to help restore people's private keys/seeds by complying with KYC, the hardware wallet could be compromised as we know it. If it's not open source, it cannot be trusted.

Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance. Smiley

Wait.
The Ledger cannot be compromised if, after the update, you did not click "YES" when the question appeared there - "Whether to add a recovery function".
If you clicked NO, then the Ledger remains in the previous state. Without the possibility of remote recovery by other people.
Closed code is bad, but on the other hand, attackers do not know exactly how the wallet works.
That's why the Trust Wallet closed its source code, and now its code is also closed. But Electrum has an open source code. But I only believe Ledger.

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June 04, 2023, 07:10:53 PM
 #36

After all, I think we’ll all reach one conclusion: the best storage is cold storage by using older hardware (eg. an old laptop). Keep that thing offline and use Electrum, there’s nothing else you’ll ever need, man.

I’m so tired and sick of their BS. All these companies are obviously targets and some of them will kneel to the government. Just.. DIY a great cold storage and roll with it.


It’s better to hold the bitcoin in the cold storage as compared to the normal wallet.From 2016,huge bitcoin wallet was hacked by many people.Even some of my friends had loss some bitcoin.One of my friend had lost his 9 Bitcoin,which he received from his uncle as the birthday gift.It’s good enough to gift some bitcoin to your younger people.It will bring the young people to bitcoin at the earliest period is good one.After the decade,the young people of our generation will have a use of bitcoin.So it’s better one to allow the young people to know more about cryptocurrency and specially bitcoin into life settlement.

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June 05, 2023, 10:50:02 AM
 #37


Some are using trezor and they say it is open source and cheaper than Ledger. In my opinion, I don't think anything is 100% secure, and Ledger is an example. We trusted them for years until they announced their damn service. The best way is that you divide your assets into parts and store them in different wallets, I think only then will our assets be more secure.

I think Ledger sold itself to the government. They were pushed to comply with KYC through their own little service. But the community is not stupid. Most hardcore crypto users will now abandon Ledger products because of this. It's a pity because I've thought the company stood for crypto's original values. With open source hardware wallets, you don't need to trust the company other than to verify the code if everything is secure. Who knows if these alternatives ultimately beat Ledger in the long run?

It can be said that what Ledger did has disappointed many people. But we need to realize one thing, all these hardware wallet companies are in business, and they are regulated by the government. If the government cannot control the bitcoin network, then of course, they will target exchanges, hardware wallet companies, or all the companies that provide bitcoin related services to control bitcoin indirectly. I also fear that other hardware wallet companies like Trezor will be unable to avoid government pursuit. They won't stop until they reach their goal. So I have more worries in the future, we should find another solution instead of like before, always thinking that hardware wallet is the safest.
A HW device can remain safe if it is not assembled / created by the hands of such companies as Ledger or Trezor. I am inclined to believe that sooner or later any manufacturer of hardware wallets may come under pressure from states, and even ideological companies (supporters of the ideas of the cryptocommunity) will be forced to surrender. Therefore, I believe that the safest HW wallet will be the device that you assemble with your own hands. The BTC-community needs to look in this direction and develop such an opportunity, when even an ordinary user without special technical skills can assemble such a device as a designer. Assembled the physical part, installed the firmware, connected it to electrum and use it.

Decentralized hardware wallets must also be decentralized, otherwise all this decentralization becomes meaningless. Bitcoin in your wallet should not depend on HW manufacturers anyone.

Certainly, the government will not stop with Ledger, they will continue to attack other hardware wallet companies is inevitable. I understand the solution you are suggesting. But how and how can we assemble a hardware wallet for ourselves? How is it that an ordinary person like me, who knows nothing about hardware engineering or basic assembly techniques, can do it on my own?

I am also struggling to find another solution because I know that it is only a matter of time before hardware wallets are controlled by the government. I am also considering using a separate computer or smartphone with the Electrum wallet installed and dedicated to storage only. I don't know if it is more secure than a hardware wallet?

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June 05, 2023, 12:01:20 PM
 #38

After all, I think we’ll all reach one conclusion: the best storage is cold storage by using older hardware (eg. an old laptop). Keep that thing offline and use Electrum, there’s nothing else you’ll ever need, man.

I’m so tired and sick of their BS. All these companies are obviously targets and some of them will kneel to the government. Just.. DIY a great cold storage and roll with it.


It’s better to hold the bitcoin in the cold storage as compared to the normal wallet.From 2016,huge bitcoin wallet was hacked by many people.Even some of my friends had loss some bitcoin.One of my friend had lost his 9 Bitcoin,which he received from his uncle as the birthday gift.It’s good enough to gift some bitcoin to your younger people.It will bring the young people to bitcoin at the earliest period is good one.After the decade,the young people of our generation will have a use of bitcoin.So it’s better one to allow the young people to know more about cryptocurrency and specially bitcoin into life settlement.

Kho lạnh như ví phần cứng Ledger? Will it be safe until they notify you that they are storing your seed phrase on their server? As some have said here, the reality is that hardware wallet companies will soon be interfered with by the government, they will no longer be safe for us. We should find a better solution. But at the moment, we don't have any solution and choose open source hardware wallet as the only option until they announce that they have also been visited by the government.
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June 05, 2023, 04:46:27 PM
 #39

Certainly, the government will not stop with Ledger, they will continue to attack other hardware wallet companies is inevitable. I understand the solution you are suggesting. But how and how can we assemble a hardware wallet for ourselves? How is it that an ordinary person like me, who knows nothing about hardware engineering or basic assembly techniques, can do it on my own?

I am also struggling to find another solution because I know that it is only a matter of time before hardware wallets are controlled by the government. I am also considering using a separate computer or smartphone with the Electrum wallet installed and dedicated to storage only. I don't know if it is more secure than a hardware wallet?

There are hardware wallets that are designed to be completely air-gapped and employ technology which eliminates any possibility of online connectivity. Transactions are signed exclusively through SD cards or QR code scanning, leaving no room for private keys or seed phrases to be exposed. With these security measures in place, governments have no means to compromise the security of your assets stored within such wallets. Oh, and don't forget to ensure that the wallet software is open source, thoroughly tested, and verified, and I think you're pretty safe.

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June 05, 2023, 06:06:56 PM
 #40

Ledger is sacrificing the privacy of all users with updates that no one really needs.
A clear vision and mission for open-source wallets will be a sign of how they will be in the future.
The privacy is the smaller of two big problems that Ledger is creating. The second one is the security. You are not only sharing your KYC data with some companies and organizations in the UK, USA, and France, you are sharing shards of your seed as well.   

As for the vulnerability of their devices, it can probably still be fixed with some further development.
That's the thing, it can't. Their hardware vulnerabilities are unfixable for the Model One and Model T.


The Ledger cannot be compromised if, after the update, you did not click "YES" when the question appeared there - "Whether to add a recovery function".
If you clicked NO, then the Ledger remains in the previous state. Without the possibility of remote recovery by other people.
In theory, it's you who has to agree with sharding and sharing your seed. In reality, no one knows. It's a matter of trust and this time it's too dangerous.

I understand the solution you are suggesting. But how and how can we assemble a hardware wallet for ourselves? How is it that an ordinary person like me, who knows nothing about hardware engineering or basic assembly techniques, can do it on my own?
Don't do it yourself if you are not comfortable with it. Building your own HW and signing devices is for the more advanced users. You can always opt for an airgapped solution if you have a spare desktop device somewhere. 

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