In the video I am not sure how you can buy this wallet for that little bit, but you can try.
If you want to buy your own hardware wallet, you must buy the hardware with the same amount as you are purchasing the hardware using the same wallet.
I have a hardware wallet that has 5 bitcoin.
Topic: low-cost hardware wallet for less than 10 dollars - page 3. (Read 630 times)
Of course there is a bit of caution when using hardware not specifically built for the purpouse of transaction signing.
Yes, because bear in mind that hardware wallets are meant to be used to sign transaction, not to store coins in cold storage.
I.e. Hardware wallet still need a seed backup.
So, in case an hardware malfunction no coins should be lost anyway.
Yes, because bear in mind that hardware wallets are meant to be used to sign transaction, not to store coins in cold storage.
I.e. Hardware wallet still need a seed backup.
So, in case an hardware malfunction no coins should be lost anyway.
I keep getting that inner voice telling me cheap is expensive and seeing that price I think in the long run someone will be paying for it one way or another...
Why is this wallet so cheap compared to whats on the market?
For how long has this been on the market and what "negative" reviews does it have?
Besides its low price, why should any one be interested in this wallet??
Why is this wallet so cheap compared to whats on the market?
For how long has this been on the market and what "negative" reviews does it have?
Besides its low price, why should any one be interested in this wallet??
The cost is so low because you are buying a single board that can also be adapted for other purposes than just a wallet. So there is nothing inside it will be empty, you will have to install the Jade firmware which is the same as the wallet sold for $70/80 by blockstream. So if you want to buy it you should know that it is purely for development purposes and should not become your primary wallet.
I keep getting that inner voice telling me cheap is expensive and seeing that price I think in the long run someone will be paying for it one way or another...
Why is this wallet so cheap compared to whats on the market?
For how long has this been on the market and what "negative" reviews does it have?
Besides its low price, why should any one be interested in this wallet??
Why is this wallet so cheap compared to whats on the market?
For how long has this been on the market and what "negative" reviews does it have?
Besides its low price, why should any one be interested in this wallet??
It's not a wallet. It's the OS for a wallet that you can run on a cheap common board.
There are plenty out there that are good, there are also a lot as I pointed out in my above post that are disposable.
Sometimes you get both in the same lot.
There are better ones but they cost more.
And if you are not someone who likes to tinker, do you really want to deal with it when you can get a boxed supported product for under $100?
-Dave
I keep getting that inner voice telling me cheap is expensive and seeing that price I think in the long run someone will be paying for it one way or another...
Why is this wallet so cheap compared to whats on the market?
For how long has this been on the market and what "negative" reviews does it have?
Besides its low price, why should any one be interested in this wallet??
Why is this wallet so cheap compared to whats on the market?
For how long has this been on the market and what "negative" reviews does it have?
Besides its low price, why should any one be interested in this wallet??
Cheap devices are always scary, the obvious question would be what makes them sell it at such a low price?
I think it's the technicality of assembling it because other HW are pre-assembled like Trezor or Ledger and all a non-technical person has to do is, watch a YouTube tutorial and boom! they are good to go to use their HW wallet but in this, they have to get familiar with programming and technical work which they can not do even this could save them lot of money but idk how much money we can save from HW we make as per OP making. Because entebah was saying he can buy one for $70, and according to OP, he can make one for $8. So, one is saving $68 which is good but as all the members mentioned the security, reliability, and updating issues I don't think it would be a best practice to hold BTC in homemade wallets, and plus $8 kit is not reliable too, as OP mentioned other two options which will cost around $19 plus shipping fee to so.
We know the rule «price does not mean quality», but not this time. I think a lot of customers are already scared by the look of that bold body with charge jack, and would immediately close that webpage. From first look, this gadget does not look much reliable. Imho, people are looking for «out-of-the-box» solution more, instead of build your own device.
Are there Jade wallet owners nearby or positive reviews of this wallet? Since you can easily find user reviews for Trezor and Ledger online, I still prefer those two wallets over others. If 10 dollars is all you have available to spend, wait until you can as you can keep your Bitcoin on Electrum wallet until you can buy a Nano hardware wallet. I will never take the risk of being the first tester by risking my money.
Why go through all the trouble to buy something that are not tested and virtually unknown to the market, if you can buy a wallet that has been bought by up to 2 million people for $59? ==> Ledger Nano S
I played around with these DIY wallets and it was a bloody nightmare to set it up and I never had the courage to store a lot of coins on it. You know how it works... store $100 worth of coin on it and it will be safe, but the moment when you send $1000 worth of coins to it... it is gone!
I played around with these DIY wallets and it was a bloody nightmare to set it up and I never had the courage to store a lot of coins on it. You know how it works... store $100 worth of coin on it and it will be safe, but the moment when you send $1000 worth of coins to it... it is gone!
In as much as I am looking to get a hardware wallet for myself at a cheaper rate, I should also exercise caution because doing so usually comes with a greater risk. As such, even if I bookmark this, I will probably wait for a review from one or two trustees, not any reviews online because they can probably be paid reviews, and detailed information regarding how secured the wallet is. Maybe by then I will have to order some more. Right now, it will really not be a good idea for someone with zero experience to grab hardware without a solid positive rating.
you need to research it first and look at the youtube video. i even watch the youtube video but it seems pretty hard to compile all the hardware into a working wallet.
i believe it's better to buy the cheapest trezor wallet which is around 70$ for you.
A cheap hardware wallet is something everyone wants, but it will be quite risky with products that are still quite new and have not been tested by the community. I already own a hardware wallet, so I'm not too concerned about this. But I also recommend everyone to buy a wallet with a good reputation in the market like Trezor, because its price is not too expensive compared to the bitcoin value we are holding. For new, unpopular wallets, do not rush to buy cheap, it will be very risky, wait for more reviews from the community of tech-savvy people.
Buying hardware wallet is not the challenge here as long as one can afford the little amount to secure one, but it also needs some security measures to be in place, if you're the type that's very poor in handling things, you'd better think twice before getting one, also don't buy any hardware wallet you're yet to get familiar with or those newly introduced without having those you rely on already using themselves, anyone can come out today and introduce something new, just as you wouldn't want to use anyhow bank to hodl your fiat.
This is actually the first time I've heard of this hardware wallet. Is it reliable? what about security? does it guarantee that the assets stored in it are truly protected? I have a lot of questions about this hardware wallet. What's more, from your explanation it seems quite unfriendly to me, who is a little unfamiliar with hardware wallets and I'm quite worried that when I order this wallet and deposit my bitcoin it's there forever and can't be taken out. To be honest, now I have more faith in hardware wallets like Ledger and Trezor. Even though it is more expensive, it has proven to be reliable, more friendly, and secure for storing crypto assets.
This is a hardware wallet that is definitely not friendly to the less computer savvy. You mention ledgerz trezor, etc... but they are all ready-to-use hardware wallets, you just need to turn it on to be approximately operational. Instead, consider this as if the hardware were an empty box and you have to fill it with the firmware which in this case will be Jade's as it is distributed as open source software and you can install it if the device is compatible. So I can tell you that Jade is reliable and you interface it through the Green wallet, perhaps it may all seem very confusing to you but try to study a little more and you will see that you can understand better.
Without getting into the secure element / no secure element thing at the moment
The issue with doing it this was is the fact that these lower end development boards are for lack of better wording, disposable.
I cannot say with any certainty that getting a Jade from Blockstream will be any better, but I can say that I ewasted about 10 of the development boards for a customer a few months ago. (Fine, I threw them in a box to take to the recycle place....they will get there sooner or later)
They are built to be tinkered with but they are not particularly sturdy. You CAN get better ones, but they cost closer to $30. At that point you are 1/2 way to getting a finished boxed product.
*This is coming from the US, I can't comment on costs for these things in other parts of the world.
-Dave
The issue with doing it this was is the fact that these lower end development boards are for lack of better wording, disposable.
I cannot say with any certainty that getting a Jade from Blockstream will be any better, but I can say that I ewasted about 10 of the development boards for a customer a few months ago. (Fine, I threw them in a box to take to the recycle place....they will get there sooner or later)
They are built to be tinkered with but they are not particularly sturdy. You CAN get better ones, but they cost closer to $30. At that point you are 1/2 way to getting a finished boxed product.
*This is coming from the US, I can't comment on costs for these things in other parts of the world.
-Dave
The price of hardware wallets of well-known and eminent brands is, to put it mildly, overpriced, but they offer devices that are still the most reliable ways to store crypto currencies. In addition, these devices are being improved, new models are being released, it being supported, and so on. That is, a set of associated services is provided. And what can you get for a device that costs less than $10? Something unknown. At this stage, there is too little information, especially regarding the security of this wallet. Therefore, blindly buying this device and immediately transferring all your money there can be a stupid mistake. It is necessary to wait for reviews and reviews, then, it will be possible to think more. Will waiting for the results of other people's experiments.
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
This is actually the first time I've heard of this hardware wallet. Is it reliable? what about security? does it guarantee that the assets stored in it are truly protected? I have a lot of questions about this hardware wallet. What's more, from your explanation it seems quite unfriendly to me, who is a little unfamiliar with hardware wallets and I'm quite worried that when I order this wallet and deposit my bitcoin it's there forever and can't be taken out. To be honest, now I have more faith in hardware wallets like Ledger and Trezor. Even though it is more expensive, it has proven to be reliable, more friendly, and secure for storing crypto assets.
Cheap devices are always scary, the obvious question would be what makes them sell it at such a low price?
People usually buy hardware wallets to store large amounts of bitcoins because these devices have high security, but buying cheap wallets will make people not sleep at night because of worrying about losing their precious bitcoins.
I do not know, but if I have a large amount of gold, for example, I will not venture to build a cheap safe in order to save some money because I am afraid that it will be easy to break. On the contrary, I will pay more money in order to obtain the highest protection.
People usually buy hardware wallets to store large amounts of bitcoins because these devices have high security, but buying cheap wallets will make people not sleep at night because of worrying about losing their precious bitcoins.
I do not know, but if I have a large amount of gold, for example, I will not venture to build a cheap safe in order to save some money because I am afraid that it will be easy to break. On the contrary, I will pay more money in order to obtain the highest protection.
Yes, when it comes to cheap hardware wallets, it is wise to consider the quality of the device and the level of security it offers. It is possible that some manufacturers may cut corners on security features or use lower quality components, which could put your bitcoins at risk. While DIY projects can be satisfying for those who enjoy crafting, they may not be the best choice for less experienced users who are unaware of potential risks.
But, if someone is buying a cheap hardware wallet, then it is most likely that they are looking for something to store a small amount of bitcoins. I disagree that it is not possible to find a good quality, cheap hardware wallet. There are some high-quality hardware wallets out there that are very affordable and easy to use, so you don't have to spend thousands of dollars on a device. Besides, a cheap commercial wallet is still a safer option compared to using a hot wallet on a computer or mobile device. In fact, there are far more instances of funds being lost due to malware or phishing attacks than those resulting from hacking a hardware wallet, since the latter generally requires physical access to the device.
You should try to save your cost by looking for discount hardware wallet like second-hand ones. You should not buy hardware wallets from unofficial stores and sources as they can set up back-doors to steal your coins later.
Doesn't buying a used hardware wallet necessarily mean buying it from an unofficial store? In any case, I will never buy a used hardware wallet, it seems to me to be extremely risky and not worth it.
I would rather, if I was looking to spend as little as possible, use Electrum and make a clean cold storage on an old laptop or device I have lying around.
The links you mentioned prove that this can be done easily and at a very low cost.
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.
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.
I didn't know that (about Jade I mean), thanks OP for sharing.
Please give us feedback once you have received everything and finished your wallet! I'm very curious to see the result and whether it is effective or not. The other responses here show that it makes people very sceptical, so I'd like to see the realistic viability of this project.
[LIST] Open Source Hardware Wallets
[BIG LIST] Hardware wallets (80+)
You don't must to buy hardware wallet if your budget is not enough to buy a good one. You should try to save your cost by looking for discount hardware wallet like second-hand ones. You should not buy hardware wallets from unofficial stores and sources as they can set up back-doors to steal your coins later.
If you can afford a budget to buy it from official stores, it is good and you should do it.
If you can not afford such budget, you can use multi-sign wallet or cold wallet for free software wallet like Electrum. No risk from back-doors.
Creating a multisign wallet
Creating a Cold Storage wallet in Electrum
[BIG LIST] Hardware wallets (80+)
You don't must to buy hardware wallet if your budget is not enough to buy a good one. You should try to save your cost by looking for discount hardware wallet like second-hand ones. You should not buy hardware wallets from unofficial stores and sources as they can set up back-doors to steal your coins later.
If you can afford a budget to buy it from official stores, it is good and you should do it.
If you can not afford such budget, you can use multi-sign wallet or cold wallet for free software wallet like Electrum. No risk from back-doors.
Creating a multisign wallet
Creating a Cold Storage wallet in Electrum
I still prefer Trezor and Ledger instead because you can easily find users reviews online, if 10$ is all you can afford do not buy hardware wallet yet, wait till you can as keep your Bitcoin on Electrum wallet until you can purchase a Nano hardware wallet.
I believe the market for each product is different anyway, I doubt anyone who would happily buy a Ledger is interested in DIY products or something similar. Of course, some exception does exist, but the majority of them is definitely not an enthusiast. If anything I believe this product compete with other alternative such as an air-gapped USB device with Electrum or something similar. CMIIW. Are there users of Jade wallets around or good reviews about this wallet? I will never take the step of been the first tester by risking my money, if people aren't using this wallet stay away from it, I still prefer Trezor and Ledger instead because you can easily find users reviews online, if 10$ is all you can afford do not buy hardware wallet yet, wait till you can as keep your Bitcoin on Electrum wallet until you can purchase a Nano hardware wallet.
Ok I am officially onboarded on this project.
I will put my greasy hands on a Jade next Wednesday. I also bought some hardware to try a DIY configuration.
You’ll hear from me!
Are there users of Jade wallets around or good reviews about this wallet? I will never take the step of been the first tester by risking my money, if people aren't using this wallet stay away from it, I still prefer Trezor and Ledger instead because you can easily find users reviews online, if 10$ is all you can afford do not buy hardware wallet yet, wait till you can as keep your Bitcoin on Electrum wallet until you can purchase a Nano hardware wallet.
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