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. 
Topic: low-cost hardware wallet for less than 10 dollars - page 2. (Read 627 times)
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?
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.
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.
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.
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.
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
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?
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.
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.
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/
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.
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.
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. 
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.
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.
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.
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
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 $100 to buy a wallet that protects that huge wealth is too cheap. So people, don't be too frugal to regret if something happens just because of buying cheap things.
Nice work! Looks interesting.
But since it's basically a jade HW, I'm guessing we still have to rely on their whatnot oracle for our PIN?
I was actually one step away from buying jade until I read the device comminicates to a server for the PIN as I prefer a more closed off HW.
But since it's basically a jade HW, I'm guessing we still have to rely on their whatnot oracle for our PIN?
I was actually one step away from buying jade until I read the device comminicates to a server for the PIN as I prefer a more closed off HW.
Compromising your bitcoins is not ideal. I will not risk my coins with cheap unreliable hard wallet. If I don't have the budget to spend on hard wallet I would rather store my coins in electrum. There is question how much safe to use that 8$ hardwallet, and I think OP can not answer that. It is better to avoid unreliable options with decent amount of bitcoins.
We don't have to be exclusive against such ideas. Cheap hardware wallet alternatives are certainly a good direction and in the future, they can bring positive benefits. Imagine, for example, there are people who need a larger number of hardware wallets, there could be many reasons.
OP's initiative here is fine, more people involved in the development can only bring benefits.
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Compromising your bitcoins is not ideal. I will not risk my coins with cheap unreliable hard wallet. If I don't have the budget to spend on hard wallet I would rather store my coins in electrum. There is question how much safe to use that 8$ hardwallet, and I think OP can not answer that. It is better to avoid unreliable options with decent amount of bitcoins.
We don't have to be exclusive against such ideas. Cheap hardware wallet alternatives are certainly a good direction and in the future, they can bring positive benefits. Imagine, for example, there are people who need a larger number of hardware wallets, there could be many reasons.
OP's initiative here is fine, more people involved in the development can only bring benefits.
Second, cheap or reliable hardware wallet what matters most is how you use it. You could buy the most expensive hardware wallet and still get hacked if not use it in the right way.
Compromising your bitcoins is not ideal. I will not risk my coins with cheap unreliable hard wallet. If I don't have the budget to spend on hard wallet I would rather store my coins in electrum. There is question how much safe to use that 8$ hardwallet, and I think OP can not answer that. It is better to avoid unreliable options with decent amount of bitcoins.
We don't have to be exclusive against such ideas. Cheap hardware wallet alternatives are certainly a good direction and in the future, they can bring positive benefits. Imagine, for example, there are people who need a larger number of hardware wallets, there could be many reasons.
OP's initiative here is fine, more people involved in the development can only bring benefits.
Compromising your bitcoins is not ideal. I will not risk my coins with cheap unreliable hard wallet. If I don't have the budget to spend on hard wallet I would rather store my coins in electrum. There is question how much safe to use that 8$ hardwallet, and I think OP can not answer that. It is better to avoid unreliable options with decent amount of bitcoins.
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.
Here I was able to build the Jade firmware in an esp32 card like that of the stick plus the procedure is very simple and unlike the YouTube video linked in my first post I leave you the exact commands to be able to do it in complete autonomy using docker. Obviously I do not put a guide to install docker you can find dozens on the internet. P.S. i used debian as os i don't assure it works on windows or macOS.
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 -b 115200 flash monitor
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 -b 115200 flash monitor
I am not acquainted with Jade wallet, and this is my first encounter with it. I am intrigued to know how you stumbled upon this wallet and what measures you have taken to ensure its safety as a hardware wallet. Given the wallet's low price, I am concerned about its security. Have you come across any reviews or feedback on its safety? I recommend exercising caution while storing your assets there. It would be wise to test it out yourself before recommending it to others and sharing your experience. Ultimately, prioritize the security of your funds above all else.
I agree with you that, the price of this jade wallet makes people has a suspicious feeling. The most of People in this world has mindset that the price gives quality, it means when the price of an item is expensive, commonly it will provide excellent quality of the product because the product consists of premium quality. But to ensure the security of this jade wallet, it is necessary to do an analysis how secure this hard wallet in storing the bitcoins. Jump to: