New Crypto Hardware Wallet Fits Your Phone’s SIM Card Slot

HCP

legendary

Activity: 2086

Merit: 4361

Quote from: LeGaulois on March 11, 2019, 01:32:19 PM

I visited their site and I think we got something wrong. It's not a "SIM card wallet", you don't insert it in a SIM card slot. In fact, on their website, it's mentioned nowhere the word SIM.

And then look at about the 55 second mark of the video on the "About" page... and watch as the device is inserted into the SIM Tray...

On the original Kickstarter page, it also mentions:

Quote from: aioc on March 11, 2019, 10:10:12 PM

I think it's much better than inserting it in a sim, so if they can only use their dongle then you can separate in case you will not use it, it's a better innovation than a USB, I'm sure it will be adopted widely by cryptocurrency holders all over the world but the price is not attractive to average investors.

Why do you think it is a better innovation than USB? We don't need "another standard" Roll Eyes

USB is an already widely adopted standard compatible with a lot of devices... most current devices (excluding iOS devices) already support USB-OTG... Apple just loves their proprietary connectors like "lightning" so they can sell overpriced apple-only accessories and further lock users into their ecosystem Tongue

I seriously doubt that this system will be adopted widely.

aioc

hero member

Activity: 2926

Merit: 567

Quote from: LeGaulois on March 11, 2019, 01:32:19 PM

I visited their site and I think we got something wrong. It's not a "SIM card wallet", you don't insert it in a SIM card slot. In fact, on their website, it's mentioned nowhere the word SIM.

Take a look closely at this page https://vaulttel.net/features.
Scroll down a little and this how it's plugged on the phone.

Also on the top of this same page you can read

Quote

In order to use this app, you need to use our chip and chip accessory/dongle. iPhone users receive a chip accessory/dongle as part of the package

I think it's much better than inserting it in a sim, so if they can only use their dongle then you can separate in case you will not use it, it's a better innovation than a USB, I'm sure it will be adopted widely by cryptocurrency holders all over the world but the price is not attractive to average investors.

LeGaulois

copper member

Activity: 2940

Merit: 4101

Top Crypto Casino

I visited their site and I think we got something wrong. It's not a "SIM card wallet", you don't insert it in a SIM card slot. In fact, on their website, it's mentioned nowhere the word SIM.

Take a look closely at this page https://vaulttel.net/features.
Scroll down a little and this how it's plugged on the phone.

Also on the top of this same page you can read

Quote

In order to use this app, you need to use our chip and chip accessory/dongle. iPhone users receive a chip accessory/dongle as part of the package

HCP

legendary

Activity: 2086

Merit: 4361

Is it just me... or is that just a MicroSD card that also has the "sim" (smart card?) contacts on it?

As the video on their website seems to suggest it goes into the spare tray in a dual-sim unit... most of these slots actually double as a microsd card reader, I wonder if that is how it is actually interfacing with the phone? Huh

I assume the "smart card" contacts are only used by their proprietary dongle

Oasisman

hero member

Activity: 2716

Merit: 552

That looks like a memory card. I was thinking if its possible to insert this chip into the memory card slot instead of the sim slot. Because dual sim could be useful for both networks specially for a business man.
Anyway, the idea and security for this chip is very impressive. Now, robbers will not only aim for your phone, they'll also need your finger lol.

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

It seems that they get the idea from this video https://www.youtube.com/watch?v=a_lQdg8yAwM

Where you can use both sim and SD card Simultaneously.

So this only works on Samsung devices? it seems that also Xiaomi phones have the same SD/Sim slot as Samsung Edge 7.

This is interesting and I am sure they're more crypto user's will be interested and use this new hardware wallet because we always carry our phones anywhere.

LeGaulois

copper member

Activity: 2940

Merit: 4101

Top Crypto Casino

The authentification is biometric, so there is no problem with the phone connecting to the internet... unless someone can fork your fingers...
Also, you can use an old smartphone or tablet that you don't use anymore for example

reset the device to the manufactory settings...

The idea is a good idea for people with dual slot for the SIMs

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: Kimi80 on March 10, 2019, 09:46:37 AM

Yes, you can loose hardware wallets, keys, data etc. It`s true. But you have your mobile phone always with your self, wherever you are going. The possibility of losing it is increasing that way, you don`t carry your laptop, desktop, private keys with you all the time. The possibility is always there and I wouldn`t be ready to take that risk.

Same thoughts where tendency on losing it would really be high compared to those hardware wallets which is only kept on a certain place compared to mobile phone which is always on your side.
Im bad on keeping my phone where i do lost almost 3 of them.So, i wont really consider this stuff to suit me. lol

Quote from: MakeMoneyBtc on March 10, 2019, 10:08:25 AM

I think this is pretty cool especially because such a small card can be easily hidden and it looks almost impossible to find it inside of someones house even if you look everywhere. My main concern about this is the security of it since you are using your phone hundreds of times during the day and it could be infected anytime.

True, a mobile phone is actively connected to internet and i wouldnt risk out to use this thing and i would still make use the traditional hardware wallets.

MakeMoneyBtc

full member

Activity: 1092

Merit: 117

I think this is pretty cool especially because such a small card can be easily hidden and it looks almost impossible to find it inside of someones house even if you look everywhere. My main concern about this is the security of it since you are using your phone hundreds of times during the day and it could be infected anytime.

Kimi80

sr. member

Activity: 750

Merit: 252

Quote from: shield132 on March 10, 2019, 09:29:19 AM

Quote from: kryptqnick on March 10, 2019, 08:50:35 AM

Quote from: mich on March 09, 2019, 05:00:05 PM

The firm announced Tuesday that the wallet solution combines an app and the VaultTel Intellichip card to store cryptocurrency private keys on mobile devices, using biometric authentication and “military grade” encryption to keep the funds safe.

The biometric authentication feature ensures that only the phone’s owner can transfer funds from the wallet, VaultTel explains on its website. “More than that, no spy screen recorder or Trojan can record what is happening on your hardware wallet, as it’s a not using your laptop or system resources,” the firm adds.

However, none so far have taken the form factor that would fit a device’s SIM slot. If you want to go really small, you can also get a chip that will store crypto keys that can be inserted under your skin.

That's some fancy protection but the big problem with smartphone hardware crypto wallets I see is losing a smartphone. According to data here and here, 2.8% of smartphones are lost each year. It's not a very big amount, of course, but it's also not something to ignore. 93% of these are lost forever by their owners. Imagine that you had all of your bitcoins on your phone. Would it really make you feel better that nobody can access your money while you are not able to do that as well? That's why I prefer online wallets. Hardware ones just make me too nervous.

You can lose not only smartphone but any hardware wallet like trezor and etc, you can even lose keys of your digital wallet, you can lose any data, doesn't matter.
I like this news very much, when I read title, I already knew what it would be but I am amazed why such a thing wasn't already released, btw idea is great.
For iphone users, they can switch to android. I think anyone who loves modifing things, will choose android over iphone because on android you aren't limited.

Yes, you can loose hardware wallets, keys, data etc. It`s true. But you have your mobile phone always with your self, wherever you are going. The possibility of losing it is increasing that way, you don`t carry your laptop, desktop, private keys with you all the time. The possibility is always there and I wouldn`t be ready to take that risk.

shield132

hero member

Activity: 2352

Merit: 905

Metawin.com - Truly the best casino ever

Quote from: kryptqnick on March 10, 2019, 08:50:35 AM

Quote from: mich on March 09, 2019, 05:00:05 PM

The firm announced Tuesday that the wallet solution combines an app and the VaultTel Intellichip card to store cryptocurrency private keys on mobile devices, using biometric authentication and “military grade” encryption to keep the funds safe.

The biometric authentication feature ensures that only the phone’s owner can transfer funds from the wallet, VaultTel explains on its website. “More than that, no spy screen recorder or Trojan can record what is happening on your hardware wallet, as it’s a not using your laptop or system resources,” the firm adds.

However, none so far have taken the form factor that would fit a device’s SIM slot. If you want to go really small, you can also get a chip that will store crypto keys that can be inserted under your skin.

That's some fancy protection but the big problem with smartphone hardware crypto wallets I see is losing a smartphone. According to data here and here, 2.8% of smartphones are lost each year. It's not a very big amount, of course, but it's also not something to ignore. 93% of these are lost forever by their owners. Imagine that you had all of your bitcoins on your phone. Would it really make you feel better that nobody can access your money while you are not able to do that as well? That's why I prefer online wallets. Hardware ones just make me too nervous.

You can lose not only smartphone but any hardware wallet like trezor and etc, you can even lose keys of your digital wallet, you can lose any data, doesn't matter.
I like this news very much, when I read title, I already knew what it would be but I am amazed why such a thing wasn't already released, btw idea is great.
For iphone users, they can switch to android. I think anyone who loves modifing things, will choose android over iphone because on android you aren't limited.

coolcoinz

legendary

Activity: 2814

Merit: 1192

Quote from: gentlemand on March 09, 2019, 08:34:07 PM

In the UK at least dual sims are rare. It's almost always imports that have it, not the domestic market version. Some double as memory card slots. I'd have much more mileage for a memory card than this.

I got dual sim in my Xiaomi that makes you choose between sim and a memory card. Maybe they should think of a version of this that fits into a memory card slot, so that potential buyers can have more freedom.
The idea is good because it's cheap and convenient. We all have to remember to take our phones with us in the morning, right? A typical hardware wallet is just additional burden, unless you attach it to your house or car keys.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

I cannot see how the SIM card size would make any difference, because we have seen Sim card pouches to fit micro sim cards in normal sim slots. The developers will also fit new phones with dual purpose slots, if there are a demand for that by the users.

I like the geo lock function, because most hacking attacks does not come from your local surroundings, it is mostly from people or groups in other countries. Roll Eyes

This might just be the Ledger and Trezor killer in the future. Roll Eyes

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

Quote from: mich on March 09, 2019, 05:00:05 PM

The firm announced Tuesday that the wallet solution combines an app and the VaultTel Intellichip card to store cryptocurrency private keys on mobile devices, using biometric authentication and “military grade” encryption to keep the funds safe.

The biometric authentication feature ensures that only the phone’s owner can transfer funds from the wallet, VaultTel explains on its website. “More than that, no spy screen recorder or Trojan can record what is happening on your hardware wallet, as it’s a not using your laptop or system resources,” the firm adds.

However, none so far have taken the form factor that would fit a device’s SIM slot. If you want to go really small, you can also get a chip that will store crypto keys that can be inserted under your skin.

That's some fancy protection but the big problem with smartphone hardware crypto wallets I see is losing a smartphone. According to data here and here, 2.8% of smartphones are lost each year. It's not a very big amount, of course, but it's also not something to ignore. 93% of these are lost forever by their owners. Imagine that you had all of your bitcoins on your phone. Would it really make you feel better that nobody can access your money while you are not able to do that as well? That's why I prefer online wallets. Hardware ones just make me too nervous.

Rath_

legendary

Activity: 1876

Merit: 3132

Quote from: libert19 on March 09, 2019, 10:28:32 PM

Taking hardware wallets with you is quite tedious and also they don't work with mobiles. This chip based hardware wallet has certainly made things better.

Actually, they do work with Android phones (iOS is not supported due to software restrictions). Mycelium is an example of an app which allows to use both Ledger and Trezor for making transactions on a phone. Ledger has released Ledger Nano X which supports Bluetooth so spending money on-the-go from a hardware wallet will be much easier.

Quote from: gentlemand on March 09, 2019, 08:34:07 PM

In the UK at least dual sims are rare. It's almost always imports that have it, not the domestic market version.

What about flagship devices of the most popular brands? Don't the S9 and the S10 have dual-sim?

aioc

hero member

Activity: 2926

Merit: 567

I would like to have one this, but I would like first to find out the security, and the accuracy of this Crypto hardware wallet, I'm sure this is going to be a very hit for the community and going to give the Nano Usb ledger wallet a run for their money, looking forward to having more news on this.

xvids

sr. member

Activity: 1176

Merit: 301

It is cool the only problem is how would the iphone user's going to use it?
They only have 1 sim slot unlike android which have dual sim slot,
And also it is kind of risky for those who doesn't have an extra slot because it is just a small chip that could easily be misplace.

Svelto

sr. member

Activity: 686

Merit: 257

This idea is pretty cool. However, I only have 1 sim slot in my iphone, otherwise I will surely get one if the security is good. Currently E-Sim card seems to be taking over traditional sim card, what if one day most of the phone don’t come with sim card slot anymore?

Beerwizzard

full member

Activity: 924

Merit: 148

It seems like there could be some better way to insert hardware wallet into cell phone. I also got 2-SIM phone but it is not the latest flagman and it doesn't have much memory so I have to use this 2nd slot for SSD card. Considering that I use SSD more often than cryptocurrencies I probably won't use such wallet if I get one.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: gentlemand on March 09, 2019, 08:34:07 PM

Nano sim's on the right. This looks considerably bulkier than that.

the pictures are mostly simulation rather than the real product so you can't really say that. they don't have any scale either so it is impossible to tell. i did some search and i couldn't find the dimensions of it anywhere! you have wait for its release and check the seller's website, they usually include those things.

Topic: New Crypto Hardware Wallet Fits Your Phone’s SIM Card Slot (Read 396 times)