What are the best Bitcoin hardware wallets? (Merits for help)

Zicadis

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Dump it!!!

Quote from: Dabs on February 10, 2020, 03:01:30 PM

Quote from: Zicadis on February 08, 2020, 06:21:56 AM

These do look nice, but that CryptoSteel is like $90, which is just crazy considering what you receive for the money. You can buy a Ledger Nano X for a few bucks more and have so much more functionality, and it's actually more secure than the capsule.

Engraving on metal would serve the same purpose, but it might not be as portable, and you need the engraving machine. You can not trust someone else to engrave it for you.

As for the cryptosteel, ... yeah, I think the whole point is, it won't melt in a house fire and it looks nice. And you have to open it first before you can see what it says. It is quite expensive tho, I might just make my own version.

You don't actually need an engraving machine. You can buy an engraving pencil for a few bucks, and curve your private key or mnemonic phrase onto any normal piece of metal.

I think the companies that offer these blank pieces of metal with an engraving tool are really catering to an extremely niche audience that have more money than time. That's not me.

Still looking for new hardware wallets not listing in this thread guys. Will drop merit for helpful suggestions.

Dabs

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Quote from: Zicadis on February 08, 2020, 06:21:56 AM

These do look nice, but that CryptoSteel is like $90, which is just crazy considering what you receive for the money. You can buy a Ledger Nano X for a few bucks more and have so much more functionality, and it's actually more secure than the capsule.

Engraving on metal would serve the same purpose, but it might not be as portable, and you need the engraving machine. You can not trust someone else to engrave it for you.

As for the cryptosteel, ... yeah, I think the whole point is, it won't melt in a house fire and it looks nice. And you have to open it first before you can see what it says. It is quite expensive tho, I might just make my own version.

Swordsoffreedom

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I bought a Ledger Nano X a few months ago. It's nice to use.
When I used "TREZOR-T" I had to use a desktop to control it, It is really Painful to open desktop for several times.
But there is no need to use desktop on Ledger Nano X, now I can do all these things with my mobile app.
Although it's not a touchscreen like "TREZOR-T" but It is fully functional, easy to use and userfriendly.

Zicadis

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Activity: 1372

Merit: 1027

Dump it!!!

Quote from: philipma1957 on February 09, 2020, 03:51:08 PM

Quote from: Zicadis on January 31, 2020, 12:12:24 PM

Alright, well it looks like the Trezor is off the list;

https://bitcointalksearch.org/topic/kraken-security-labs-just-15-minutes-to-hack-both-of-trezors-crypto-hardware-5222188 <- it's just been hacked.

Will drop some merits for those who provided useful suggestions now, thanks guys!

Quote from: passwordnow on January 30, 2020, 06:50:03 PM

I've spent time looking for those hardware wallets that you have missed. And I've seen this one[1] on Hardware wallets

[1]Hardware Wallet GK8 offering $250000 to hack it

Actually, if I'm about to buy, I'll not choose any new or another kind of wallet. I'll stay to Ledger wallet or probably Trezor with both models.
Currently, I own a Ledger Nano S.

Jesus, I mean I'd love to have that hardware wallet, but I expect that costs north of $3,000.

You should delete this post as they need to physically posses the wallet to hack it.

Why would I delete the post because of that?

The Trezor and other similar wallets like the KeepKey have been compromised by a voltage hack,

As far as I'm concerned that makes them less suitable as hardware wallets, hence why I took it off my list of prospective wallet options.

Particularly since both the Trezor and KeepKey are designed to be portable, this type of hack means you could be robbed and the wallet would be vulnerable. I'm not ok with that at all.

Mumbeeptind1963

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Quote from: smartbitcoininvestor on February 05, 2020, 08:57:57 PM

I use the Trezor One and so far I only have good things to say about it. It is a very effective way to store bitcoin (and other cryptocurrencies) and it has a ton of support by the community. The software is simple to install and works with the Chrome browser if you want to go online.

It also looks really cool and fits well inside of my backpack as a sleek portable device. Overall, I would recommend any of the Trezor products as a hardware wallet.

Trezor or nano ledger are only the hardware wallet that I would like to use. Many of my friends are using it to store their bitcoin and altcoins as well. Hoping that someday I could use that also and be helpful in storing my coins. I only use our local wallet here and in my altcoins I am using myetherwallet online, because I dont have money for hardware wallet and it is not yet available in my country.

philipma1957

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Quote from: Zicadis on January 31, 2020, 12:12:24 PM

Alright, well it looks like the Trezor is off the list;

https://bitcointalksearch.org/topic/kraken-security-labs-just-15-minutes-to-hack-both-of-trezors-crypto-hardware-5222188 <- it's just been hacked.

Will drop some merits for those who provided useful suggestions now, thanks guys!

Quote from: passwordnow on January 30, 2020, 06:50:03 PM

I've spent time looking for those hardware wallets that you have missed. And I've seen this one[1] on Hardware wallets

[1]Hardware Wallet GK8 offering $250000 to hack it

Actually, if I'm about to buy, I'll not choose any new or another kind of wallet. I'll stay to Ledger wallet or probably Trezor with both models.
Currently, I own a Ledger Nano S.

Jesus, I mean I'd love to have that hardware wallet, but I expect that costs north of $3,000.

You should delete this post as they need to physically posses the wallet to hack it.

Zicadis

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Activity: 1372

Merit: 1027

Dump it!!!

Quote from: Blackdeath on February 08, 2020, 12:42:45 PM

Quote from: Zicadis on February 08, 2020, 06:21:56 AM

Quote from: Dabs on February 04, 2020, 12:21:58 PM

About cardwallet = looks like an expensive paper wallet where a third party generates the private keys for you. I don't care about the security and all that, it's still made by someone else and you'd have to trust them. Also, it looks like they are still using legacy address formats.

So far, the best compromise that does everything you need it is still Electrum. It does all address formats, has extended keys, has seeds, can import private keys, and can act as watch-only wallets to pair with cold storage offline wallet.

Whoops, I actually thought it was a hardware wallet. Definitely going to be avoiding this then, I'm not into paying $50 for a piece of metal lol.

Quote from: Dabs on February 05, 2020, 11:36:19 AM

Those crypto steel solo and cassette things are nice, but you can do a similar level of protection if you have a fire rated safe. So, it isn't exactly the same thing, but you can plan for it.

Paper can l be laminated, or even stored in a folder or envelope, then stuffed in a fireproof pouch and then you put that inside the safe.. The safe would be bolted to the floor or a wall of your house so it doesn't move.

Then you should have a back up, like buried hidden underneath your basement, or in the back yard or something.

Just in case, right?

These do look nice, but that CryptoSteel is like $90, which is just crazy considering what you receive for the money. You can buy a Ledger Nano X for a few bucks more and have so much more functionality, and it's actually more secure than the capsule.

Anybody seen any other new hardware wallets? So far I've ordered a Ledger Nano X and a Trezor One, but want a few more.

Indeed. A ledger nano x is more convenient and more safe as a storage of your funds, but i think it won't be able to survive in strong calamities such as typhoons, earthquake, fire, floods, etc. because crypto steel is very durable that it's material is shockproof, water proof, fire proof and acid resistant, that is why your $90 is still worth it as a hardware wallet.

I don't live in a country where most of those calamities are possible, plus even if it gets destroyed, I'll still have the mnemonic phrase backed up, so I'll be able to recover my funds.

I just don't think I can spend $90 on the cryptosteel when I can just get my private key laser engraved on a sheet of metal for like $5-10 and it will serve the same purpose.

Blackdeath

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Quote from: Zicadis on February 08, 2020, 06:21:56 AM

Quote from: Dabs on February 04, 2020, 12:21:58 PM

About cardwallet = looks like an expensive paper wallet where a third party generates the private keys for you. I don't care about the security and all that, it's still made by someone else and you'd have to trust them. Also, it looks like they are still using legacy address formats.

So far, the best compromise that does everything you need it is still Electrum. It does all address formats, has extended keys, has seeds, can import private keys, and can act as watch-only wallets to pair with cold storage offline wallet.

Whoops, I actually thought it was a hardware wallet. Definitely going to be avoiding this then, I'm not into paying $50 for a piece of metal lol.

Quote from: Dabs on February 05, 2020, 11:36:19 AM

Those crypto steel solo and cassette things are nice, but you can do a similar level of protection if you have a fire rated safe. So, it isn't exactly the same thing, but you can plan for it.

Paper can l be laminated, or even stored in a folder or envelope, then stuffed in a fireproof pouch and then you put that inside the safe.. The safe would be bolted to the floor or a wall of your house so it doesn't move.

Then you should have a back up, like buried hidden underneath your basement, or in the back yard or something.

Just in case, right?

These do look nice, but that CryptoSteel is like $90, which is just crazy considering what you receive for the money. You can buy a Ledger Nano X for a few bucks more and have so much more functionality, and it's actually more secure than the capsule.

Anybody seen any other new hardware wallets? So far I've ordered a Ledger Nano X and a Trezor One, but want a few more.

Indeed. A ledger nano x is more convenient and more safe as a storage of your funds, but i think it won't be able to survive in strong calamities such as typhoons, earthquake, fire, floods, etc. because crypto steel is very durable that it's material is shockproof, water proof, fire proof and acid resistant, that is why your $90 is still worth it as a hardware wallet.

Zicadis

legendary

Activity: 1372

Merit: 1027

Dump it!!!

Quote from: Dabs on February 04, 2020, 12:21:58 PM

About cardwallet = looks like an expensive paper wallet where a third party generates the private keys for you. I don't care about the security and all that, it's still made by someone else and you'd have to trust them. Also, it looks like they are still using legacy address formats.

So far, the best compromise that does everything you need it is still Electrum. It does all address formats, has extended keys, has seeds, can import private keys, and can act as watch-only wallets to pair with cold storage offline wallet.

Whoops, I actually thought it was a hardware wallet. Definitely going to be avoiding this then, I'm not into paying $50 for a piece of metal lol.

Quote from: Dabs on February 05, 2020, 11:36:19 AM

Those crypto steel solo and cassette things are nice, but you can do a similar level of protection if you have a fire rated safe. So, it isn't exactly the same thing, but you can plan for it.

Paper can be laminated, or even stored in a folder or envelope, then stuffed in a fireproof pouch and then you put that inside the safe.. The safe would be bolted to the floor or a wall of your house so it doesn't move.

Then you should have a back up, like buried hidden underneath your basement, or in the back yard or something.

Just in case, right?

These do look nice, but that CryptoSteel is like $90, which is just crazy considering what you receive for the money. You can buy a Ledger Nano X for a few bucks more and have so much more functionality, and it's actually more secure than the capsule.

Anybody seen any other new hardware wallets? So far I've ordered a Ledger Nano X and a Trezor One, but want a few more.

smartbitcoininvestor

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Activity: 652

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I use the Trezor One and so far I only have good things to say about it. It is a very effective way to store bitcoin (and other cryptocurrencies) and it has a ton of support by the community. The software is simple to install and works with the Chrome browser if you want to go online.

It also looks really cool and fits well inside of my backpack as a sleek portable device. Overall, I would recommend any of the Trezor products as a hardware wallet.

Ken_terrance

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Ledger wallet and Trezor are the best hardware wallet, I know few new hardware wallets are showing up but none of them are better than these two, not even keepkey hardware wallet, I don't use any of these but I have friends that use them

Dabs

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Those crypto steel solo and cassette things are nice, but you can do a similar level of protection if you have a fire rated safe. So, it isn't exactly the same thing, but you can plan for it.

Paper can be laminated, or even stored in a folder or envelope, then stuffed in a fireproof pouch and then you put that inside the safe.. The safe would be bolted to the floor or a wall of your house so it doesn't move.

Then you should have a back up, like buried hidden underneath your basement, or in the back yard or something.

Just in case, right?

Lucius

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Quote from: Zicadis on February 03, 2020, 10:17:10 AM

Yeah, I've already played around with both of these, but I just can't take the fact that neither is wireless. Plus as far as I'm aware, the Trezor One is no longer being updated and so doesn't support some newer assets.
Not ideal for me.
Still looking for more suggestions gais!

What do you really think when you say "neither is wireless"? Do you want a hardware wallet that can be wirelessly connected to your computer/smartphone? I know Nano X has that capability because it has Bluetooth, but you find it too expensive. Maybe it's an opportunity to buy a Nano X + S in this offer Ledger's Valentine's Offer

Dabs

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The Concierge of Crypto

About cardwallet = looks like an expensive paper wallet where a third party generates the private keys for you. I don't care about the security and all that, it's still made by someone else and you'd have to trust them. Also, it looks like they are still using legacy address formats.

So far, the best compromise that does everything you need it is still Electrum. It does all address formats, has extended keys, has seeds, can import private keys, and can act as watch-only wallets to pair with cold storage offline wallet.

layoutph

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I only trust Ledger and Trezor hardware wallets. I heard some rumors there are hardware wallets created to do harm with your laptop by installing a malicious code that sneaks to your other private keys. So beware do not just trust any hardware wallets.

taufik123

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Quote from: ABCbits on February 03, 2020, 01:28:52 PM

Good point since the mentioned website had serious security vulnerability and personally i'd call it backdoor.

Please read https://medium.com/mycrypto/disclosure-key-generation-vulnerability-found-on-walletgenerator-net-potentially-malicious-3d8936485961

I admit this is quite vulnerable and has a backdoor that can be hacked very easily by hackers.
Thank you for giving me an explanation and I just realized about the weaknesses of this wallet generator.
A secure wallet is only a wallet that is made offline and accessed offline, so that there are no gaps that can be accessed to hack the wallet.

ABCbits

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Quote from: ?? on ??

Quote from: taufik123 on February 02, 2020, 08:19:08 AM

Ledger Nano S and Trezor hardware wallets have become a common choice because it is indeed the best level of security for a portable hardware wallet.
Hardware wallet is not vulnerable to online attacks because the use of this wallet can be offline.
But there is no system that is 100% safe as said by @lucius

Quote from: Lucius on February 02, 2020, 06:46:30 AM

-snip-Nothing is 100% safe, -snip-

I also recommend bitcoin paperwallet that can be easily created at walletgenerator.net

You can create a new wallet with a public key and private key that can be printed on a piece of paper and can be stored offline. The key that is created will be very long and difficult to write manually. Private key is also made with a QR code to make it easier to access it.

Wallet security depends on how the wallet user behaves.
the security of your wallet is your responsibility.

Make sure this is generated OFFLINE and on a clean machine, I used a raspberry pi when I made one back in the day, there used to be an image out there but that's pretty suspicious and I would get the webpage downloaded on another machine and offline bring it to the pi.

Good point since the mentioned website had serious security vulnerability and personally i'd call it backdoor.

Please read https://medium.com/mycrypto/disclosure-key-generation-vulnerability-found-on-walletgenerator-net-potentially-malicious-3d8936485961

20kevin20

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Quote from: vapourminer on February 02, 2020, 12:27:26 PM

trezor. have had NO issues with it AT ALL. ive had mine since 2013 or 2014.

however there is a flaw that if you lose the trezor its possible that at some point they can extract the seed (if its found by someone who know what they are doing).

snip

Any hardware wallet becomes a risk of your funds if lost. There's always going to be an exploit somewhere found by someone, so physically losing your hardware wallet makes your seed exposed to potential exploits and flaws be it the best and most secure hardware wallet in the world. If they are fixed through updates, it does not mean there aren't new (or even older ones that haven't been found yet) security vulnerabilities that could be exploited.

So just preserve your hardware wallet in a safe, robbery-proof spot and you'll be fine. I'm very happy with my Nano S, but I have a little bit of doubt lately due to its non-open source nature.

Docnaster

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Any reason why you can't just install Armory on your phone? Pretty sure it offers roughly the same security as a hardware wallet, but also makes it portable since you're wallet is now mobile-based.

Alternatively, take a look at the Cobo wallet, it's relatively cheap and seems to be at least as secure as the Nano S.

https://cobo.com/hardware-wallet

Dabs

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OpenDime is more like cold storage, or the equivalent of a bitcoin bearer stick. You load it with coins, give the stick to someone else, only they have the private key. Whoever has physical possession of the OpenDime has the private key (or can redeem it any time) by pushing a pin or something on the stick.

It's probably one of the best physical bitcoins right now, please low enough in price that you can have a bunch of them.

For anything above a certain price, I'd rather just get a used or old laptop and do a fresh install of bitcoin core, armory, or electrum and use that as the hardware wallet equivalent. It's not as small or portable or convenient, but you control almost all aspects of the hardware and software.

Topic: What are the best Bitcoin hardware wallets? (Merits for help) (Read 797 times)