low-cost hardware wallet for less than 10 dollars

BitcoinBabbler

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Quote from: mendace on June 06, 2023, 12:00:38 PM

Quote from: danskgraes on June 06, 2023, 02:48:39 AM

I appreciate the suggestion, but I'm a bit skeptical about purchasing hardware wallets from sources I'm not familiar with. How can we ensure the security and integrity of these devices? Have they undergone any third-party audits or received any endorsements from reputable crypto experts?

These devices are blank esp32 boards, they come with basically nothing. So you can put a bit of everything on it like the Jade wallet. And there's no need for third-party checks, just as long as you trust yourself.

first time reading about this wallet and hardware wallet like this came I've always trusted only trezor and ledger, though ledger of recent have been in the news for various security and privacy flaws, it's actually nice to learn that there is a new hardware wallet for the bitcoin community, I would probably purchase this but not immediately,And depending upon how much true we can buy it and make it order .

mendace

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Quote from: danskgraes on June 06, 2023, 02:48:39 AM

I appreciate the suggestion, but I'm a bit skeptical about purchasing hardware wallets from sources I'm not familiar with. How can we ensure the security and integrity of these devices? Have they undergone any third-party audits or received any endorsements from reputable crypto experts?

These devices are blank esp32 boards, they come with basically nothing. So you can put a bit of everything on it like the Jade wallet. And there's no need for third-party checks, just as long as you trust yourself.

danskgraes

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I appreciate the suggestion, but I'm a bit skeptical about purchasing hardware wallets from sources I'm not familiar with. How can we ensure the security and integrity of these devices? Have they undergone any third-party audits or received any endorsements from reputable crypto experts?

mendace

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Obviously you have to install docker (for that search on the net that there are dozens of guides)

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 flash

Only for usb stick plus the last command is

Code:

idf.py -b 115200 flash monitor

If you have to do another installation on another device or it was not successful, remember to delete the container with sudo docker-compose down and delete the Jade folder with sudo rm -r Jade and restart from the commands with git

As I said elsewhere I had some difficulties with core basic but nothing that can't be fixed, the problem was in the port which unlike the stick plus which was seen on /dev/ttyUSB0 core basic was on /dev/ttyACM0 so it was enough to remap it on docker-compose and to do this always in the Jade folder, give these commands:

Code:

sudo nano docker-compose.yml (or if you use Vim) vim docker-compose.yml

what he will present to you will be an editor to modify the file and it must be exactly like this

Code:

version: "3.7"
services:
dev:
builds:
context: .
dockerfile: Dockerfile.dev
volumes:
- type: bind
source: .git
target: /host/jade/.git
devices:
- "/dev/ttyACM0:/dev/ttyUSB0"
privileged: true
tty:true

Modify under the item devices exactly as shown above if it doesn't work then you will have to check on which port your device is seen with the sudo dmesg command at that point modify the file with the correct port

mendace

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Quote from: decodx on May 27, 2023, 03:24:01 PM

Quote from: panganib999 on May 26, 2023, 06:24:17 PM

Although if you wouldn't mind me asking, what makes this wallet different from the USB wallets we have nowadays, that they themselves could house as much data as you need when it comes to private keys, for a fraction of the price to boot?
<...>

What do you mean when you say "USB wallets"? Are you referring to USB flash drives?
These are not wallets but only storage devices. They are useful for storing files and documents, but they should not be used for storing unencrypted private keys or wallets.

Obviously not. It means that the hardware wallets are practically all USB except some Bluetooth but which can still be connected via USB. A wallet in a normal usb stick is not very secure unless Tails is used as a solution.

decodx

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Quote from: panganib999 on May 26, 2023, 06:24:17 PM

Although if you wouldn't mind me asking, what makes this wallet different from the USB wallets we have nowadays, that they themselves could house as much data as you need when it comes to private keys, for a fraction of the price to boot?
<...>

What do you mean when you say "USB wallets"? Are you referring to USB flash drives?
These are not wallets but only storage devices. They are useful for storing files and documents, but they should not be used for storing unencrypted private keys or wallets.

mendace

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Quote from: panganib999 on May 26, 2023, 06:24:17 PM

Huge if true. But with this whole forum still not entirely forgetting the hacked wallets incident, I think Jade Wallet might not receive as much praise and a couple people who have been victimized might stray away from advertised wallets for now.

Although if you wouldn't mind me asking, what makes this wallet different from the USB wallets we have nowadays, that they themselves could house as much data as you need when it comes to private keys, for a fraction of the price to boot? Would love to hear more about this once you actually get the product. This seems interesting and if Jade wallet's got no backdoors sellers could abuse to get a hold of all the buyer's crypto data just like what happened in the past, I think we should be good to go.

Of course I'm not saying that Jade's firmware is perfect like all other hardware wallets it too has some trade-offs but take Ledger for example what did you think it was a few weeks ago? I'll help you...one of the best wallets out there. And what do you think is after this debacle? The worst wallet you can buy. Why? Just because they admitted the truth doesn't mean that before this story they didn't release an update in disguise that could already access the secure element. Of course you will never know because the code is closed and they could have (or have already) already released the update. While on Jade in this self-compiled version you can check the code yourself before installing it, or you can make some changes and you don't need to trust anyone but yourself. But here you are not understanding the difference between this wallet to be "built" independently and the Jade sold by blockstream.

panganib999

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Huge if true. But with this whole forum still not entirely forgetting the hacked wallets incident, I think Jade Wallet might not receive as much praise and a couple people who have been victimized might stray away from advertised wallets for now.

Although if you wouldn't mind me asking, what makes this wallet different from the USB wallets we have nowadays, that they themselves could house as much data as you need when it comes to private keys, for a fraction of the price to boot? Would love to hear more about this once you actually get the product. This seems interesting and if Jade wallet's got no backdoors sellers could abuse to get a hold of all the buyer's crypto data just like what happened in the past, I think we should be good to go.

decodx

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Quote from: entebah on May 26, 2023, 03:19:15 PM

Quote from: Aikidoka on May 26, 2023, 04:44:22 AM

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.

i believe the software on that hardware is already reliable enough because it's using Blockstream Jade wallet which is an open-source hardware wallet.
if you want to buy it from the official website https://store.blockstream.com/product/jade-hardware-wallet/ and it cost around 65$ which is almost 8x the price if you create one by yourself.

It's definitely an interesting concept to create your own hardware wallet using such a cheap device. Another thing to consider is the level of technical expertise required to create your own hardware wallet. While it may be a cost-effective option, it may not be feasible for those who are not comfortable with programming or electronics.

This is why I will stick with a hardware wallet manufactured by a reputable company. Wink

mendace

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Quote from: Fivestar4everMVP on May 26, 2023, 03:21:53 PM

Quote from: mendace on April 29, 2023, 04:25:30 PM

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

It's my first time reading about this wallet, when it comes to hardware wallets, I've always trusted only trezor and ledger, though ledger of recent have been in the news for various security and privacy flaws, it's actually nice to learn that there is a new hardware wallet for the bitcoin community, I would probably purchase this but not immediately, since you have placed an order and waiting to receive it, I will wait for your review and from others as well, depending on how good, I will also place an order..

Read the posts just above, the esp32 cards have both arrived and the Jade firmware has been flashed correctly. It wasn't as easy as the demo video but using docker everything became very easy to compile the code. So yes you can buy it and if you have any difficulty you can find me here, just quote one of my posts and I will answer you.

Fivestar4everMVP

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Quote from: mendace on April 29, 2023, 04:25:30 PM

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

It's my first time reading about this wallet, when it comes to hardware wallets, I've always trusted only trezor and ledger, though ledger of recent have been in the news for various security and privacy flaws, it's actually nice to learn that there is a new hardware wallet for the bitcoin community, I would probably purchase this but not immediately, since you have placed an order and waiting to receive it, I will wait for your review and from others as well, depending on how good, I will also place an order..

entebah

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Quote from: Aikidoka on May 26, 2023, 04:44:22 AM

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.

i believe the software on that hardware is already reliable enough because it's using Blockstream Jade wallet which is an open-source hardware wallet.
if you want to buy it from the official website https://store.blockstream.com/product/jade-hardware-wallet/ and it cost around 65$ which is almost 8x the price if you create one by yourself.

Ultegra134

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Quote from: Z390 on May 25, 2023, 10:04:25 AM

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.

But the cost of their purchase is already relatively small compared to the safety they provide. Trezor and Ledger may even start at $50 if you find them on sale, despite the latest controversy with Ledger. I don't think that it's something that you're supposed to cut corners on by purchasing a hardware wallet for as little as $10. You're buying it to secure your money, which means that you probably have enough funds to worry about. Don't get me wrong, the mentioned device might be great, and it's interesting that they're trying to offer an affordable solution, but it's not something that I'd personally risk; I'd rather use Elecrum on my computer than make such a purchase.

AicecreaME

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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.

mendace

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Quote from: Aikidoka on May 26, 2023, 06:01:03 AM

Quote from: mendace on May 26, 2023, 05:40:28 AM

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.

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Quote from: mendace on May 26, 2023, 05:40:28 AM

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

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Quote from: Aikidoka on May 26, 2023, 04:44:22 AM

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

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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.

Z-tight

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Quote from: qwertyup23 on May 25, 2023, 06:58:48 PM

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.

Quote from: qwertyup23 on May 25, 2023, 06:58:48 PM

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.

Quote from: qwertyup23 on May 25, 2023, 06:58:48 PM

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.

Quote from: sokani on May 25, 2023, 05:09:24 PM

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.

qwertyup23

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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.

Topic: low-cost hardware wallet for less than 10 dollars (Read 627 times)