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

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

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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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: Aikidoka on May 26, 2023, 06:01:03 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: 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.

sokani

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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.

mendace

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Quote from: kaseygriffin on May 25, 2023, 12:21:13 PM

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.

Quote from: goldkingcoiner on May 25, 2023, 12:49:51 PM

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?

Quote from: Bitstar_coin on May 25, 2023, 01:27:36 PM

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.

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.

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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.

goldkingcoiner

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Quote from: kaseygriffin on May 25, 2023, 12:21:13 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

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?

Z-tight

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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.

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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.

entebah

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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/

Haunebu

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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.

Z-tight

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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.

Quote from: FrozenBit on May 24, 2023, 04:54:13 PM

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.

Z390

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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.

mendace

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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.

Quote from: Potato Chips on May 24, 2023, 06:34:36 PM

~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.

That part of the PIN oracle can be self hosted on your own server or raspberry

crunck

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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.

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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.

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Quote from: examplens on May 24, 2023, 05:34:49 PM

Quote from: examplens on May 24, 2023, 05:34:49 PM

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.

Agreed on that point, that it is great to have cheap options available for hard wallet but how reliable those cheap options can be? Anything can possible now, my original thought is the cheap alternative option is reliable and tested to be used safely.

suzanne5223

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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.

I agree with you in the sense that there's no much competition in the hardware wallet market and it's making the well-known hardware company give us an overprice on their wallet.
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.

examplens

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

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.

drwhobox

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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.

FrozenBit

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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.

mendace

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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

loopes

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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.

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.

monedauno

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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.

fillippone

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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.

mendace

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Quote from: Woodie on May 01, 2023, 06:39:30 AM

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??

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.

DaveF

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Quote from: Woodie on May 01, 2023, 06:39:30 AM

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??

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

Woodie

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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??

Faisal2202

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Quote from: yhiaali3 on April 29, 2023, 09:22:45 PM

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.

bakasabo

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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.

mejarm

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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.

Kakmakr

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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! Roll Eyes

Doan9269

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Quote from: Iranus on April 29, 2023, 08:20:34 PM

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.

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.

mendace

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Quote from: retreat on April 30, 2023, 12:51:30 PM

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.

DaveF

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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

m2017

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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.

retreat

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Quote from: yhiaali3 on April 29, 2023, 09:22:45 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

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.

Stalker22

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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.

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.

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Quote from: SquirrelJulietGarden on April 30, 2023, 07:04:43 AM

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.