Post
Topic
Board Hardware wallets
Re: Ledger Nano S Plus alternatives?
by
niftyswifty
on 18/07/2022, 04:36:36 UTC
Why not BitBox02? In my opinion the smarter choice. They don't even trust the seucre element and don't store any important information there.

Here you can learn more about it:

https://shiftcrypto.ch/blog/best-of-both-worlds-using-a-secure-chip-with-open-source-firmware/

Quote
The closed-source drawback
Secure chips are not even that expensive, so why does not every hardware wallet use them? The main drawback is that secure chips are closed source. Firmware running on a secure chip cannot be released as open source due to enforced non-disclosure agreements.

When it comes to firmware securing your bitcoin, creating random seeds and signing transactions, trusting closed source software that cannot be independently audited is just not good enough. In our opinion, you should not need to trust the manufacturer of your hardware wallet (and all its individual employees) to belong to the “good guys”, diligently finding their own bugs without independent reviews and then actually fixing them.
Looks not bad, although twice as expensive as ledger, but maybe worth to have a look. Thanks!
Sorry for the hot take, but if you can't afford the BitBox02 or Trezor Model T, something's not working out with those alt trades. If you can't make $200 in a reasonable amount of time with your alts, I'd personally recommend sticking to BTC..

It’s ok! 😁 and no, I really can, I just wanted not to spend money if it would possible not to spend (as mentioned, I would like to sell most of alts during the next bull run) 😏 but it looks, that this is not the option and bitbox looks as the only good solution! actually, I initially looked at it as well, but did not see there are two bitboxes- one for btc only and another for a lot of coins. Thanks!