Post
Topic
Board Hardware wallets
Re: Why not to buy inexpensive "exotic" open source hardware wallets?
by
m2017
on 12/10/2022, 12:06:07 UTC
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?
For me, the choice is obvious and I would not buy "exotic" devices when it comes to finances. When it comes to money, the "exotic" is contraindicated. These are not the gadgets that can be treated like toys (like latest apple phone) and it is better to prefer proven, well-known brands with a good reputation, which are also time-tested and value their users. At this point, my choice is outweighed in favor of Trezor.