Jameson Lopp: What you should know about the Ledger incident \ stacker news ~bitcoin

Don't listen to @Onions, some hardware wallets are absolutely great. He has very high standards in requiring an airgapped signing device, but those make the process of spending the bitcoin that you already have much more complicated than it should be. I'd never suggest one for a newb. Advanced users only.

I've tried many hardware wallets and signing devices. Many are airgapped too. Here's what I'd suggest for a "Relative Newb":

Jade wallet by Blockstream (cheapest & airgapped)
Coldcard (Most security options by far)
Keystone (Best UX by far & airgapped)
Trezor (Good UX & company, but not airgapped.)

Since Jade's UX leaves a lot to be desired it's not great for total newbs... I'd go with a Keystone for that. But Coldcard has soooo many great little security checks that it's hard not to want to keep your coins there once you are more experienced.

It should also go without saying that you will want to back up your seed phrase on metal no matter which option you go with. -And that any passwords you try to remember are for Wallets only, never for the seedphrase itself (25th word). -Those were one of the most horrible ideas in the history of cryptography.

0 sats \ 1 reply \ @Zepasta 15 Dec 2023

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2012 sats \ 0 replies \ @Coinosphere 15 Dec 2023

You do know that stamping your seed onto washers and putting them around a bolt is one of the most recommended ways to keep it in metal, right? How is that overpriced?

And I may understand more than you think. I've been storing coins since 2012. I've tried out 6 HW wallets and a seedsigner. I even tried a brain wallet once but nearly lost that due to having only a human brain with human-level memory recall.

0 sats \ 1 reply \ @Zepasta 15 Dec 2023

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21 sats \ 0 replies \ @Coinosphere 15 Dec 2023

Blockstream doesn't know I'm a client.

Trezor has BTC-Only firmware. (But I agree they should airgap)

Keystone has BTC-Only firmware too. In fact they have like 4 flavors of firmware to choose from.

99 sats \ 0 replies \ @Bell_curve 8 Jul 2024

Jade

99 sats \ 24 replies \ @Zepasta 14 Dec 2023

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99 sats \ 23 replies \ @Zepasta 14 Dec 2023 freebie

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109 sats \ 2 replies \ @Coinosphere 14 Dec 2023

@Onions I'm tired of hearing this autistic argument! Stop scaring away the noobs from something that so drastically raises their ability to secure their wealth just because you feel it's not perfect... Of course it can be improved in some way but there's an opportunity cost to everything, and a noob is taking a lot on faith to store their wealth in Math in the first place. -Much less storing it in a hardware device that keeps track of the math for them.

I have a SeedSigner but a lot of my wealth is still saved in Coldcards & Trezors. Why? Because you can friggin' spend from them! That's kind of an important function of money.