low-cost hardware wallet for less than 10 dollars - page 4.

mendace

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Quote from: The Cryptovator on April 29, 2023, 04:32:41 PM

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.

The first hardware wallet purpose-built for Liquid. Completely open-source, ideal for storing your bitcoins and Liquid assets. Its main feature is that it is completely open-source, even the firmware can be installed on its own self-built hardware.

Being produced by the Blockstream company, for those who do not know it, it is the company founded by Adam Back, an important cryptographer and cypherpunk, inventor of hashcash. Jade integrates seamlessly with Blockstream's various products, such as the Liquid sidechain and the Green wallet.
https://blockstream.com/jade/

Despairo

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What I know is Blockstream green wallet isn't really secure because they hold one of your private key, which mean if you want to recover your wallet to other wallets e.g. Electrum, Bluewallet, etc aren't possible, not sure with Blockstream Jade.

The device price is $8, but anyone should understand if you still need to pay the VAT and shipping fees which can be higher than $8. I think people who haven't use hardware wallet aren't because it's expensive, but they just don't want to use it.

As long as you know what you're doing you can use it, but for beginners and don't want to learn, just directly buy a read to use hardware wallet e.g. ledger, trezor.

yhiaali3

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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.

Iranus

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Quote from: entebah on April 29, 2023, 08:10:02 PM

Quote from: Nwada001 on April 29, 2023, 04:52:39 PM

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.

entebah

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Quote from: Nwada001 on April 29, 2023, 04:52:39 PM

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.

vv181

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Specifically, the DIY information link is on https://github.com/Blockstream/Jade/tree/master/diy. Over there listed many advantages and disadvantages between different hardware for this purpose.

Though, the referred Youtube video is the complete one and might guide step-by-step. I do too intend to replicate this DIY, still waiting to get the hardware since I have to order it overseas.

Quote from: The Cryptovator on April 29, 2023, 04:32:41 PM

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.

Quote from: Nwada001 on April 29, 2023, 04:52:39 PM

detailed information regarding how secured the wallet is.

This kind of stuff is completely different from its original Jade wallet in regard to safety and security. It rather more preferably done as a hobby instead of making it as the main hardware wallet choice. The original Jade HW is 65$ and this guide ranges from 10$ to 50$ and still has different features compared to the original ones. Regular users might want to try it to get a grasp of how HW generally works, but should not use it as a way to store bitcoins.

ilovealtcoins

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I first heard about this wallet, although it is very cheap, there is no guarantee that your bitcoins will be safe when stored with Jade wallet. Meanwhile, we already have good reputation wallets like Trezor or Ledger, they are certified as secure for our bitcoins. Although they cost more, it guarantees the safety of our bitcoins. If you are really serious about your bitcoin, don't be afraid to spend a few tens of dollars for a better and more secure wallet, I think everything has its price, nothing cheap but good.

Stalker22

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I think I have seen something like this before, it was posted by dkbit98 about "LNbits DIY Wallet". I am not sure if it is the same DIY wallet or just a similar hardware with different firmware. Anyway, it looks pretty cool, but to be honest, I don't have much experience with electronics or DIY stuff like this. It's a bummer because I'm sure it would be fun to work on something like that.

PX-Z

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Quote from: The Cryptovator on April 29, 2023, 04:32:41 PM

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.

Quote from: Nwada001 on April 29, 2023, 04:52:39 PM

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.

The firmware that will be used in this DIY HW wallet is from Blockstream jade hardware wallet itself. Blockstream is the developer of Blockstream wallet, jade HW wallet, Blockstream explorer, the bitcoin liquid and the devs who acquire/continuing the development of GreenAddress wallet.

It's much more technical than other existing HW wallets and more interesting to be exact as personal project. Knowing the source code of the firmware is open source and used the same on its official jade HW wallet i assumed this is audited by other developers so it's i guess its safe, only if followed the correct instructions since its more in technicality and NOT a newbie friendly.

Hispo

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While it think this is a cool project which I personally see myself doing, I would not recommend anyone to go and deposit the bulk of their Bitcoin in one of those, just a reasonable quantity. It looks rather fragile.

However, I can appreciate this tutorial being out there for people who may live in a country where Bitcoin and crypto currency in general are frown upon or even those holding it being prosecuted. Realistically, one could buy the parts on internet and build it oneself. It is an alternative in that context.

I am not familiarized with the Jade wallet, but I must admit that the original/official model looks interesting.

Nwada001

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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.

The Cryptovator

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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.

mendace

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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

Topic: low-cost hardware wallet for less than 10 dollars - page 4. (Read 627 times)