With the recent news about Ledger, I’m curious about the best alternative hardware wallets available. I used Ledger in the past but I’m thinking about switching now.
Are there good options besides Trezor?
I appreciate any tips, pros and cons, or experiences you can share.
Grid+ is another option. It works well if you are usually in one place or at an office. The lattice functions like a desk phone for signing transactions.
KeepKey seems to be making a comeback. ShapeShift is also doing some interesting things. Check out this twitter thread for more info.
Another Ledger user here looking for alternatives.
Has anyone tried Keystone wallets?
They look safe like a hardware wallet but have some hot wallet features like connecting to dapps using wallet connect.
@Dylan
I have several Keystones and I only use them with MM. I don’t use it as a standalone wallet. I’m happy with it, and they keep releasing updates. Just a heads up, you need a camera on your computer to read the codes from the Keystone when you make transactions.
I’m looking at bitbox002.
Blockstream Jade is less expensive.
I’m in the same boat, thanks to Ledger.
betafuture said:
I’m looking at bitbox002.
Blockstream Jade is less expensive.
I’m in the same boat, thanks to Ledger.
I like the price of Jade, but I’m not a fan of the lithium-ion battery. They can fail and sometimes even burn. The Bluetooth connection is also questionable.
Trezor is the way to go.
I really like my Safepal S1. It’s completely air-gapped hardware, and the app has some cool DeFi and CeFi features, especially with Binance. I got it for the price, but it hasn’t given me any problems so far. It looks more modern than the old-school Ledger designs.
@Tennyson
Is Safepal compatible with MM yet?
Vincent said:
@Tennyson
Is Safepal compatible with MM yet?
What’s MM?
Tennyson said:
Vincent said:
@Tennyson
Is Safepal compatible with MM yet?
What’s MM?
MetaMask.
I just use the S1 as a cold wallet and their app for DeFi stuff. I find MM less secure anyway.
@Tennyson
Last time I checked, Safepal didn’t support all the same chains as MM.
Wes said:
I use Arculus.
From what I know, it’s still new, but I really like its features. It combines biometrics, a PIN, and hardware keys for top security. It supports most popular coins like Bitcoin, Ethereum, and Polygon. It’s similar to the Sylo wallet, but it doesn’t support Polygon and has a built-in staking feature for XTZ.
You can run TAILS from a USB stick, which includes a Bitcoin wallet along with others like Ethereum and Monero.
It’s not the best for everyday use, but it’s a solid choice for cold storage.
Here’s some info on it: https://www.reddit.com/r/defi/comments/13j2roq/psa\_ledger\_devices\_are\_able\_to\_transmit\_your\_seed/?utm\_source=share&utm\_medium=web2x&context=3
They recently released an update stating that the device can make our seed phrase public, which is worrying. Because of this, I moved my funds to Exodus and xMoney wallets. I don’t feel comfortable with a company that compromises sensitive data. Data privacy is key for a trustworthy platform, and I hope they fix this issue to prevent similar problems in the future.
I looked at the presentation of the Ledger Recover feature. Some people still don’t understand that it requires a physical action from the user… saying this feature is unsafe is like saying that a hardware wallet signing transactions is unsafe.
@Porter
I think the firmware capability is what’s pushing people away. If there is a breach, it could be exploited, unlike when it’s completely impossible. But I’m still learning about this; I’m no security expert.
@Owen
All hardware wallets store a private key, so exporting it will always be a limited possibility. Remember the first version of Trezor that leaked an unencrypted key phrase through a hack? I do. I also agree that this app could risk my safety, so I won’t install it. But it doesn’t change the overall safety level that we rely on hardware wallets for: signing transactions without exposing the private key.