Pages:
Author

Topic: Why not to buy inexpensive "exotic" open source hardware wallets? - page 2. (Read 333 times)

legendary
Activity: 2352
Merit: 6089
bitcoindata.science
The question is: where is the catch?
Why are they less popular than say Trezor or ColdCard which are more expensive, less convenient and not very beautifully designed?

For example, if you guys were choosing a new wallet now, and came to a shop where all open source hardware wallets are represented, would you purchase an inexpensive convenient beautiful "exotic" wallet? Or would you purchase one of the same wallets you used to consider, like Trezor/Coldcard/Bitbox02 ? Why?

The problem is not the beauty or the design. Open source is important, but that is not all.

An "exotic" hardware wallet for 30 bucks that no one knows might be very insecure.

Ledger may not be fully open source, but it is safe. It is very tested. Many hackers and professionals tried to hack it, but had no success.  The same with Trezor and coldcard.

Another point is the group of developers that are working in the device to keep it up to date with the newest security techniques. Ledger and Trezor have a nice budget to accomplish that.

So, it is a good idea to be conservative here. Keep your main funds in a good and tested hardware wallet. Try small funds with exotic ones first.
jr. member
Activity: 42
Merit: 66
I am researching the open source hardware wallets market now, just to learn more about hardware wallets.

There are really inexpensive open source hardware wallets on the market.

For example Jade, OneKey, Keystone...and more.
Prices start from 49$, even 39$ with promo code.
Many of them look beautifully with great looking design, some are thin, some of them have large touch screen...Offering 24/7 support. All that promises convenience, smooth ride and also aesthetics and ergonomics.

The question is: where is the catch?
Why are they less popular than say Trezor or ColdCard which are more expensive, less convenient and not very beautifully designed?

For example, if you guys were choosing a new wallet now, and came to a shop where all open source hardware wallets are represented, would you purchase an inexpensive convenient beautiful "exotic" wallet? Or would you purchase one of the same wallets you used to consider, like Trezor/Coldcard/Bitbox02 ? Why?
Pages:
Jump to: