Post
Topic
Board Bitcoin Discussion
Re: Best open source hardware wallets for BTC?
by
Abiky
on 14/06/2023, 19:46:50 UTC
Electrum's tried and tested but sometimes it just fails and when it does it fails horribly, so take using Electrum with a massive hand of salt.

Although I would agree with the fact that Hard Drive wallets are still good when it comes to saving your bitcoins. Been hearing lately that Trezor's the king but Ellipal could be as good as it in terms of security, plus the recent debacle with Trezor just rids them of that hard-earned trust and respect their users had for them, so I don't think you should dabble with this one too at least for now. Jade Wallet's great, when it comes to cost efficiency, and then Passport but that one's expensive with less features but the security I must say is top-notch.

Nothing compares to a hardware wallet in terms of security and reliability. Software wallets can be easily hacked as they're always online (although it's possible to use them offline for cold storage). The main selling point of hardware wallets is that you can use them as both a hot wallet and a cold wallet without fear of compromising your keys and/or seeds (depends if they're open source or not).

I'd take an open source hardware wallet anytime, even though most of them are expensive. Ledger will become history as competitors take its place on the market. Many people already lost confidence in it, so I doubt the company will survive with newcomers into the crypto/Blockchain space. Who knows what will happen in the future? Smiley