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Author Topic: Would you buy a hardware wallet?  (Read 23953 times)
btctraderr
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August 03, 2014, 08:14:28 AM
 #1

Hi all,

I am doing some research for a Bitcoin company that is interested with developing a hardware wallet to see if it has a viable market. Trezor has some traction, but perhaps only in the existing Bitcoin community. With things like Multi-sig popping up everywhere, do you think this negates some of the pressing need for Hardware wallets? Interested to hear your thoughts.
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August 03, 2014, 08:40:24 AM
 #2

I wish trezor had an android app and came with an otg cable

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August 03, 2014, 09:13:58 AM
 #3

Seems there is room in the market for more hardware wallets, at least to me.




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klovishey
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August 03, 2014, 09:28:55 AM
 #4

Yes there is huge market as most Bitcoiners will buy one sonner or later. But I guess most will need just one, and Trezor is already available now so if Trezor will be able to manufacture enought to fill the high demmand this year, you missed the biggest boom I guess
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August 03, 2014, 09:35:44 AM
 #5

I'd buy one but would need to feel it is safe and secure because otherwise what's the point?
btctraderr
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August 03, 2014, 10:23:28 AM
 #6

Thanks for the feedback guys! So what would be some of the features you'd like to see in a hardware wallet? I assume any competitor would need to have the code Open Source'd like Trezor, perhaps bluetooth? Support for altcoins?
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August 03, 2014, 09:49:21 PM
 #7

perhaps bluetooth?

Most important is plug and play on any computer without user action like installing drivers, if it can be done with bluetooth, why not, but USB has every computer and bluetooth only some computers.

The most important function is security though
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August 03, 2014, 10:08:56 PM
 #8

perhaps bluetooth?

Most important is plug and play on any computer without user action like installing drivers, if it can be done with bluetooth, why not, but USB has every computer and bluetooth only some computers.

The most important function is security though

Bluetooth would decrease the security, because anyone with bluetooth could try to crack the wallet, while with USB one would need physically contact.

Also I think it would increase the energy comsumption and the price. 

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August 05, 2014, 12:40:04 AM
 #9

Hardware wallets are much safer than anything else I can think of.
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August 06, 2014, 09:21:27 PM
 #10

If the price is decent, yes. I likely wouldn't shell out a couple hundred bucks for a hardware wallet unless more brick and mortar shops started accepting BTC... And I have a mobile wallet anyways (Bread) which is secure enough storing enough money to go shopping with anyways. So likely no, if its sub $100, maybe depending on its appearance  Grin
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August 08, 2014, 07:22:22 PM
 #11

Alts would be interesting.. But how do you decide which one?




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August 08, 2014, 09:09:23 PM
 #12

Yes, but it deppends on the features, the price and if the wallet might be adaptaded to use with other coins
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August 09, 2014, 03:48:58 AM
 #13

Yes I would buy one. Why not? Safety and peace of mind are worth the money.
elitenoob
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August 09, 2014, 07:01:00 PM
 #14

Trezor seems a bit expensive for something that small and simple.
But people buying iphones because of...? They are small actually simple and cost way more than a Trezor...
There are enought people with several hundreds of bitcoins and 130$ isnt really much compared to that.
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August 10, 2014, 10:49:04 AM
 #15

I would buy one if it convinces me that the device is secure and easy to use.
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August 13, 2014, 12:36:36 AM
 #16

I would buy it if it were affordable and really well made

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August 13, 2014, 04:17:44 PM
 #17

Hardware wallets are the future.  I love my Trezor, but it's not perfect.

The perfect HW wallet to me, would be credit card sized, with an e-ink display, keypad, and RFID.

It would be powered by the RFID, and you can stick it to the back of your smartphone.  Whenever you stage a payment on your phone, you turn your phone around, and type in your pin. The card would then sign the transaction, and hand back control to the phone.

It would also work on shop terminals, so payment would be as easy as holding the card over the shops terminal, and keying in the pin (or or not, if the transaction value was small).

It would also be your key to online sites.  Put your phone/card onto a USB RFID reader plugged into your laptop/computer.



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August 14, 2014, 05:19:59 AM
 #18

If the device comes with more or better security features for my bitcoins than trezor, then yes i would buy it.

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August 14, 2014, 08:14:19 AM
 #19

Yes if the hardware wallet is really secure, and not too expansive..

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August 14, 2014, 08:40:12 PM
 #20

I would buy one if there was a standard, so it worked with more than one wallet software. There need to be support for Android as well, so some sort of rfid is probably needed. Perhaps take a look at the yubikey neo hardware for inspiration?
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