My First Wallet.

[m2017]

After the unsuccessful and canceled purchase of trezor, you had to choose hardware wallet among the many other ([BIG LIST] Hardware wallets (80+)) that currently exist. So what was the reason for the choice in favor of SafePal? What advantages did you see in this device?

I know almost nothing about this device, so you could share your opinion, after your personal experience of using it: what you like and what you don't like.

This topic is best placed in section Hardware wallets.

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[Woodie]

Just mainly due to curiosity — not saying that SafePal is bad or whatever(I have no idea because I never researched it), but how did you end up picking SafePal? Knowing that the Bitcoiner hardware wallet trio is Trezor-Ledger-ColdCard.

My thoughts too, when it comes to hardware wallets I believe only two names comes to mind for me.. which is Trezor and Ledger especially if one has to consider compatibility with other Blockchains.
And a Google search of bitcoin hardware wallets will also narrow it down to these two, which shows how popular and reliable they are.

After the unsuccessful and canceled purchase of trezor, you had to choose hardware wallet among the many other ([BIG LIST] Hardware wallets (80+)) that currently exist.

Thanks for the share...

Took a quick peep of what's available, wondering why the Secure Wallet isn't as popular as Trezor or Ledger wallets...I mean  the wallet has support for over a 1000 cryptocurrencies and nobody talks about them Did these guys do something wrong..maybe lose someone's coins or something??

[yazher]

Congrats on having your first hard wallet and looks like you surely are worried and taking care well of your bitcoins which might you consider holding for the long term since you bought a bitcoin hard wallet. Anyway, just don't forget to research how to protect and secure your crypto assets with that wallet because nowadays you also need to have updated knowledge concerning protecting your hard wallet because hackers and scammers always come out with new ideas to steal your bitcoins from you.

[Dr.Bitcoin_Strange]

OP, based on the search I have carried out for the best hardware wallet to use, Trezor has always been the top reference. Even a few old folks that I happen to know as old-time Bitcoiners use the Trezor. Safepal is not usually at the top of the list of recommended hardware wallets, and I believe the reason why it's so is because it's not very safe compared to Trezor and Ledger.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[Z-tight]

It's like I said, it will be fine actually because there are still many who use electrum but with my laziness, especially for electrum, which is just copying the existing seed, I am sometimes lazy to rewrite it and that is indeed one of the main problems I have.
As for this, I am a little more intentional because this must at least be written so that we do not lose our seeds.

What you wrote here is not too clear to me, but take note that backing up your seed phrase on paper takes the same process in a software wallet as in a hardware wallet, you must have a back up of your seed phrase written down and stored in more than one location. What do you mean by "copying the existing seed"? The seed phrase in either an Electrum software wallet or a recommended hardware wallet isn't pre-generated, it will be generated as you set up the wallet.

[Aikidoka]

To be honest, I haven't heard about Safepal, and I'm not sure if it's a truly safe choice for storing your Bitcoin. However, after i did some research, I discovered that it has received positive reviews and is considered reliable. It appears to be a good option, but it's important to be careful while using it and ensure that you don't disclose your seed phrase or any sensitive information online.

Personally, I am currently using an airgapped device and so far I haven't encountered any issues with it. Since transactions are performed offline and manually using the Electrum wallet, it provides a high level of security. I also believe that hardware wallets like Trezor could be an excellent alternative. Unfortunately, they do not ship to my country which is why I am using an airgapped device at the moment.

[BigBos]

At least assuming that you want a hardware wallet to further secure your assets, it's still a good thing, although there's still some debate about whether or not Safepal is recommended.
That's a good thing in my opinion even if there are some conditions where you have some problems about this before so you decide to buy this wallet.
I also have safepal and am still using it at the moment even though it is with sober bitcoins But so far I am quite fine as long as we are careful and not careless in the seed I still feel it is worth using.

[Z390]

OP, based on the search I have carried out for the best hardware wallet to use, Trezor has always been the top reference. Even a few old folks that I happen to know as old-time Bitcoiners use the Trezor. Safepal is not usually at the top of the list of recommended hardware wallets, and I believe the reason why it's so is because it's not very safe compared to Trezor and Ledger.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Ledger is toasted my friend, not recommendable anymore, maybe you aren't aware of what just happened with ledger hardware wallets? I have this feeling that anything can still happen to any wallet at any time, the moment you start using them is the safest, the long er you use them for the weaker they get, this is just how I feel and that is why I use a wallet not more than a year and I switch to a freshly created wallet, I still have hardware wallet though but I prefer spreading my assets out instead, Vulnerability can happen at any time, even with open source secured wallets.

[Z-tight]

I have this feeling that anything can still happen to any wallet at any time, the moment you start using them is the safest, the long er you use them for the weaker they get, this is just how I feel and that is why I use a wallet not more than a year and I switch to a freshly created wallet, I still have hardware wallet though but I prefer spreading my assets out instead, Vulnerability can happen at any time, even with open source secured wallets.

This is not true, wallets don't get weaker the longer you use them, but what can happen is that the wallet developers can introduce bad implementations as time goes on, this is what happened to Wasabi, Ledger and even Trezor, if that happens you can stop using the wallet and switch to a different one that still maintains the BTC standard.

If you are using a recommended open source wallet that didn't make any negative changes to how they operate, there is no need changing wallets regularly, you should only do that when it is necessary. Take note that spreading your assets into too many wallets gives you the problem of too many backups.

[Findingnemo]

OP, based on the search I have carried out for the best hardware wallet to use, Trezor has always been the top reference. Even a few old folks that I happen to know as old-time Bitcoiners use the Trezor. Safepal is not usually at the top of the list of recommended hardware wallets, and I believe the reason why it's so is because it's not very safe compared to Trezor and Ledger.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Ledger is toasted my friend, not recommendable anymore, maybe you aren't aware of what just happened with ledger hardware wallets? I have this feeling that anything can still happen to any wallet at any time, the moment you start using them is the safest, the long er you use them for the weaker they get, this is just how I feel and that is why I use a wallet not more than a year and I switch to a freshly created wallet, I still have hardware wallet though but I prefer spreading my assets out instead, Vulnerability can happen at any time, even with open source secured wallets.

The wallets will be safe forever until you keep the private keys secured but the problem with hardware wallet is we need to trust the manufacturer for the data we are giving while we buy and IP logs used to buy are stored in their online services so just like any hacks the data stored in the Trezor and any trusted manufacturer may be stolen and it will be a threat to our privacy. So you can keep the assets safe even with data leaks cause the private keys are stored in the device alone not anywhere in the online just like our data.

[Ryu_Ar1]

But a few weeks later there was a call from my country's Customs saying that my package had been delayed and that I had to pay approximately $35 for my package to be sent immediately.

I also bought Trezor on the official website at the beginning thinking that I would not be asked for shipping by the sender but after the goods arrived I was confirmed that I had to pay approximately $35 for this item to be sent immediately, I was forced to pay and the goods arrived at my home, but I was also surprised to have to pay a large customs fee, maybe that has become a regulation.

But strangely when I bought goods from GazetaBitcoin at a more expensive price that I bought on the Trezor site only asked for $2 to redeem it, I was a little strange how come the goods were cheaper the customs bill than the big price?

Is buying from individuals and companies different? Ah well.

But congrats on the first wallet my friend.

Hey man, we're having the same problem, it's just that I'm not paying for it and you're paying for it, which makes the results different. But with things like this then it does mean that the person calling me is genuine from customs not a scam and it has been validated.
Honestly maybe it's about taxes to enter a country but I'm not too sure about this kind of thing and indeed to make some purchases for another hardwere wallet in the future (not too sure about the time but will definitely look for a new hardwere wallet) especially if it comes from an official site maybe I will learn about taxes or customs in my country so as not to be too surprised and know systematically about shipping from abroad.

Though Safepal has never open-sourced their software, they are planning to do so in the near future but the backing from Binance is one of the biggest selling point for them. On the other hand, the first wallet which you have purchased (Trezor) is completely open source including it's hardware and software which allows us to verify the code rather than trusting the makers blindly in storing our assets.

Since you are unable to find an official reseller for Trezor/Ledger in your country yet, it is always better to purchase them straight from the official website instead of trusting Amazon where the fake sellers deliver us with malicious products which can be risky for storing larger amount of funds. With regards to storing the seedphrase, one viable solution for storing them safely is to engrave them in simple metal washers and to load them onto a screw and locking them with a nut at the bottom.

@fillippone has written a great detailed thread on Securing Your Seed Phrase with Washers and it has helped really a lot of people in storing the seeds safely in a secure location. You can purchase a Blockmit Jig from cryptocloaks for $8 instead of 3D printing them on your own as well. The maximum cost for creating such a secure way of seed storing would cost no more than $25 for you and probably you can reuse the Jigs and Metal stamps for recreating your seeds indefinitely.

True, this is one of my considerations to buy on the official website directly rather than having to buy on E-commerce which in the end this is not too sure in security because the price is also not too much different even better directly on the official website if there are no resellers. I thought about this only that I did not know about the taxation system on goods coming in from abroad which surprised me before but indeed when I find out about this I will probably try to buy again.

Btw thanks for the link you provided I will see that as new teaching material again for me.

After the unsuccessful and canceled purchase of trezor, you had to choose hardware wallet among the many other ([BIG LIST] Hardware wallets (80+)) that currently exist. So what was the reason for the choice in favor of SafePal? What advantages did you see in this device?

I know almost nothing about this device, so you could share your opinion, after your personal experience of using it: what you like and what you don't like.

This topic is best placed in section Hardware wallets.

It turns out there's still a lot I haven't explored on this forum because there are so many new links I've received as good references now.

The reason I've answered that in my previous post although it might not satisfy you too much because that reason is purely from my conditions.
For reviews I may still not be able to provide reviews for now because there must be some experiments first but it does not rule out the possibility that I will review this after I use this wallet for some time.

[dkbit98]

Although this wallet is not only focused on bitcoin because there are some features that I will not use and of course there are some disadvantages but I will use this wallet for storing my bitcoin assets at this time. But I will probably only use this for a while because I still want something else for my Hardware Wallet.

Sorry for saying this and I don't want to ruin your fun, but Safepal hardware wallet is probably one of the worst hardware wallets you could buy at the moment.
Safepal is closed source black box from China, they stole and altered and violated original source code, and they are doing the same thing like ledger walelt with restore feature, but it's even worse because they are storing it in cloud  
I wouldn't consider this to be safe device for anything and I wouldn't recommend it to anyone, especially when there are much better Open Source alternatives.

In our coming update, we will support the iCloud/GoogleDrive key backup mechanism. If users lose their seed phrase, they can recover the wallet via their cloud-end back-ups.

Source: https://medium.com/lysithea-ventures/an-insightful-exchange-recap-of-safepal-ama-with-ceo-veronica-3479ee32b796

One of my old topics are explaining with more details most of the Safepal flaws:
https://bitcointalk.org/index.php?topic=5317884.0

[mendace]

Although this wallet is not only focused on bitcoin because there are some features that I will not use and of course there are some disadvantages but I will use this wallet for storing my bitcoin assets at this time. But I will probably only use this for a while because I still want something else for my Hardware Wallet.

Sorry for saying this and I don't want to ruin your fun, but Safepal hardware wallet is probably one of the worst hardware wallets you could buy at the moment.
Safepal is closed source black box from China, they stole and altered and violated original source code, and they are doing the same thing like ledger walelt with restore feature, but it's even worse because they are storing it in cloud  
I wouldn't consider this to be safe device for anything and I wouldn't recommend it to anyone, especially when there are much better Open Source alternatives.

In our coming update, we will support the iCloud/GoogleDrive key backup mechanism. If users lose their seed phrase, they can recover the wallet via their cloud-end back-ups.

Source: https://medium.com/lysithea-ventures/an-insightful-exchange-recap-of-safepal-ama-with-ceo-veronica-3479ee32b796

One of my old topics are explaining with more details most of the Safepal flaws:
https://bitcointalk.org/index.php?topic=5317884.0

Oh damn I didn't know safepal was so corrupted in fact I didn't know it at all, so this seems like good news to me to save. Luckily I bought a bitbox and am really happy with my purchase

[CryptSafe]

OP it would have been better you verified to know exactly if the call that came in informing you of the arrival of your parcel was a genuine one either by you going to their office with your wife to verify or other means as well because the initial is far much better the later.

I saw the wallet you purchased is a safepal wallet which does not really guarantee any thing Safety and they are not as sophisticated as you assume they are mate. Your Crypto assets is not really secured mate.

[Potato Chips]

Actually there are several reasons because for some hard wallets such as Ledger or Trezor I still haven't found an official reseller in my country it makes me a little hesitant if I buy in some e-commerce that I see here Ledger Reseller and Trezor Reseller while Safepal already exists.
for the second reason maybe because I have failed when buying trezor before so I want to try to anticipate the same thing happening actually.
and the last one is from the actual price My condition is not good in finance these few months but I still want a Hardwere wallet. Although I realise when the price is cheap there will definitely be some weaknesses but for now I still feel it is still good enough.

1. I would suggest looking into reputable package forwarders in your place. For instance, if you wanna buy smth in the USA but they don't ship to your place, you can use the address of the package forwarder in the USA. After your parcel arrives at their warehouse, the package forwarder can now ship them to you.

2. Try to look into https://wallets.thebitcoinhole.com/ for discounts. In addition, a couple of months from now, black friday sale comes and we can expect another wave of discounts.

Honestly maybe it's about taxes to enter a country but I'm not too sure about this kind of thing and indeed to make some purchases for another hardwere wallet in the future (not too sure about the time but will definitely look for a new hardwere wallet) especially if it comes from an official site maybe I will learn about taxes or customs in my country so as not to be too surprised and know systematically about shipping from abroad.

Better to learn it I'd say. I'm not sure about your place but in my hometown, there are people who overcharge so they can keep a portion of the fee  

otherwise maybe check if your item price was wrongly declared.

[KiaKia]

Sorry guys, even hardware wallets need some updates from now and then, haven't you heard about glitches in updates? That scares me the most because I have seen new crypto wallet companies go wrong because of this, it was the same mistake that happened with Binanace Trust wallet plugin on PC, lucky they pay all those affected back, if it was a new one that's the end.

Somehow I still prefer the old version way of storing Bitcoin, creating offline wallet or using the old Bitcoin wallet like Electrum gives me better feelings than all these new hardware wallet companies.

Electrum wallet over everything else, my asset my choice.

[_act_]

Among all the wallets nowadays, I recommend trying the one from the XGo platform. The XGo mobile app is a solid choice for crypto enthusiasts looking for a simple and reliable platform. It offers a range of cryptocurrencies, seamless transactions, and real-time market data. Worth checking out.

It requires email to sign up. A noncustodial wallet will not require email and nothing like signup or sign in. Is XGo a custodial wallet? I was unable to sign up to know if it is a custodial wallet, but I do not like the wallet at all.

Among bitcoin wallet, I can not point more than Electrum, Sparrow, Bluewallet, Passport and Trezor. There are other better ones too, but XGO is not among but to give convenience.

Since you are unable to find an official reseller for Trezor/Ledger in your country yet, it is always better to purchase them straight from the official website instead of trusting Amazon where the fake sellers deliver us with malicious products which can be risky for storing larger amount of funds. With regards to storing the seedphrase, one viable solution for storing them safely is to engrave them in simple metal washers and to load them onto a screw and locking them with a nut at the bottom.

Ledger is no more a good wallet. The company do not care about their customers privacy at all and they support users to backup their seed phrase with third parties.

[michellee]

Sorry guys, even hardware wallets need some updates from now and then, haven't you heard about glitches in updates? That scares me the most because I have seen new crypto wallet companies go wrong because of this, it was the same mistake that happened with Binanace Trust wallet plugin on PC, lucky they pay all those affected back, if it was a new one that's the end.

Somehow I still prefer the old version way of storing Bitcoin, creating offline wallet or using the old Bitcoin wallet like Electrum gives me better feelings than all these new hardware wallet companies.

Electrum wallet over everything else, my asset my choice.

It's okay for people with hardware wallets as they would already know that they will need an update. This is also the same with people who use other applications because updating is something that developers must do to anticipate fraud or hacks from hackers or scammers.

Whatever the wallet, we can choose what suits us and our choices will be different. We are also free to choose what wallet we will use because the convenience factor in using it is what we want and are looking for.

And we can also see lists of wallets for Bitcoin on the bitcoin.org site. There are already instructions for what wallet you might be looking for. All you have to do is follow it.

[Blitzboy]

Your hardware wallet purchase seems like a rollercoaster, so I know your suffering. I smile thinking about your gift stalled in customs. However, these situations happen to everyone, especially in overseas transactions.

For years, I've used bitcoin and swore by hardware wallets. As you stated, electrum can be dangerous if you're not careful with seed preservation.

Its smart to obtain a hardware wallet. Crypto security's gold standard. That extra protection will benefit your bitcoin investments. Remember, its more than bitcoin. A wallet that supports various coins is beneficial. Diversify your portfolio whenever you desire.

[Potato Chips]

Among all the wallets nowadays, I recommend trying the one from the XGo platform. The XGo mobile app is a solid choice for crypto enthusiasts looking for a simple and reliable platform. It offers a range of cryptocurrencies, seamless transactions, and real-time market data. Worth checking out.

It requires email to sign up. A noncustodial wallet will not require email and nothing like signup or sign in. Is XGo a custodial wallet? I was unable to sign up to know if it is a custodial wallet, but I do not like the wallet at all.

Among bitcoin wallet, I can not point more than Electrum, Sparrow, Bluewallet, Passport and Trezor. There are other better ones too, but XGO is not among but to give convenience.

Good lord. I thought XGo shills have stopped, looks like I'm wrong. Thanks for quoting, I somehow missed their post.

For everyone's information, XGo is a custodial exchange and @polar.bear824 is likely one of their shills. We spotted couple of their shill accounts last time, see: https://bitcointalk.org/index.php?topic=5448660.0

A lot of XGo shill posts are off-topic like this one - this thread is about wallets and they bring up an exchange, I would suggest reporting as well next time you see another one. Anyhow, I've reported their post this time.