Another bitcoin only guide with more options like jade and foundation would be cool 😁
@RhettReisman Жыл бұрын
Not interested in foundation - they stole the coldcard source code and use it in their devices. I’ll check out jade at some point
@JavisBoomTech9 ай бұрын
@@RhettReismanbig fan of the Jade wallet especially its fully air-gapped SeedQR mode. Also, really like the SeedSigner. Very similar to the Jade except it has a micro SD port.
@DEM78976 Жыл бұрын
The KSP has BTC only firmware as well
@RhettReisman Жыл бұрын
Good call out. IMO if you’re using an airgapped wallet and you want BTC only might as well go with coldcard
@MrCalais29 Жыл бұрын
Hi Rhett, Going through your presentations , all great videos mate. Looking to get off the Binance network.. I still want to hold a few Alts so was looking at the Keystone Essential for this even tho you say Pro version im just one who likes the idea of the air gap. Added to this... Im interested in actually using my coins to purchase when i travel... What im looking for is a cold place to store and the ability to spend via a tap card or draw funds or use when im away instead of normal banking. Sorry to ask so much but trying to keep up with all this integration whilst running a business is hard.
@RhettReisman Жыл бұрын
All good man, it's definitely a lot to take in. It sounds like a Keystone would be right for you for cold storage. As far as cards that work with tap, I recently did a tutorial with the TAPSIGNER (a bitcoin only NFC enabled hardware wallet). I wouldn't keep all my funds on a TAPSIGNER, but it is an interesting option going forward, if point of sales systems start to broadly accept bitcoin for payments. Tutorial here: kzfaq.info/get/bejne/iNF3rLGhsa2pdY0.html
@Deimos2401 Жыл бұрын
How secure do you think Coldcard is when used with USB? I think airgapping makes it more annoying for a lot of people to use and a lot of people will be kept away from it for that reason.
@RhettReisman Жыл бұрын
Good point. IMO airgapping is more trouble than it’s worth (and overkill for 99.9% of users). Coldcard via USB is fine. If you’re that worried about security I think creating a multisig is going to be safer anyway.
@Justincantcare8 ай бұрын
Hope to see a video on the coinjoin feature for the Trezor model t
@RhettReisman8 ай бұрын
I'll add it to the list for 2024 :)
@Justincantcare8 ай бұрын
@@RhettReisman awesome. Happy new year. I’ll be waiting!
@Anontradesbtc Жыл бұрын
Also, what are your thoughts on the blockstream Jade?
@RhettReisman Жыл бұрын
Haven’t used it before. Think it’s probably a fine alternative to a coldcard. Planning to check it out at some point :)
@Anontradesbtc Жыл бұрын
@@RhettReisman Nice! Looking forward to it.
@Kirkwall_RS Жыл бұрын
I'm using my coldcard airgapped and it only really becomes an issue if you wanna send a lot of transactions out because it's a slow process with the sd card. If you're just stacking right now though it's perfect. Never tried multisig but it sounds cool. Personally I feel more comfortable with single sig wallets.
@RhettReisman Жыл бұрын
Totally 💯 it’s definitely a cool security feature but it can be a pain. I think being comfortable is the most important thing. If multisig is a headache, definitely just stick with a single wallet (still way more secure than 99% of other users)
@Novaknet7 ай бұрын
Which one would work best for a collaborative custody multisig situation, for a Bitcoin only holder? Also, is coldcard with usbc still considered complex to use? Or is it just the sd element that makes it difficult?
@RhettReisman7 ай бұрын
Coldcard with usbc is definitely less complicated but you still need to use Sparrow wallet / some other open source wallet software to do your transactions - wouldn’t recommend it to a beginner over ledger or trezor. Maybe you could use trezor, coldcard, collaborative key Or Trezor, software wallet, collaborative key Depending on your collaborative custody setup
@Ben-py7wn7 ай бұрын
I still have the Ledger Nano S. I think i heard it right that the firmware update is not possible on this device. I do not like to see Ledgers recent moves but i would love to use the S still. Would you say the Nano S is still a very good/secure hardware wallet? ….I’ve noticed that Ledger stoped selling the Nano S and at the same time brought out the recovery feature🤔
@RhettReisman6 ай бұрын
I really like the nano s and still use mine. Biggest issue I’ve seen with it is it is unable to send large numbers (100+) of UTXOs when used with certain software which can be difficult for Bitcoin fee optimization. I think it’s an issue with the amount of memory on the device. If you already have one I’d just keep using it
@Nevadajoe2 ай бұрын
I have a nano s also and for some reason it lets me send xrp off to an exchange but when I try to move xlm off to an exchange id gives me a red circle warning says certificate expired ? Anyone know what that means Do I need an updated ? I have never updated since I have had it for years . Also I cannot get onto my manager section when live on the internet ledger to try to update So how am I going to move my xlm off the ledger s now since it won’t let me do anything with it The phone app says I have 3000 more xlm then what the computer says Strange? Can I buy a new ledger to get my xlm or do I have have to use the nano s I have now
@mattramon7342 Жыл бұрын
What are your thoughts on the Ngrave wallet? It is a premium wallet by cost, it is air gapped, the interface is app based. Ngrave seems maybe a middle ground, meaning air gapping but easier to use for intermediate users than say the Cold card or Keystone.
@RhettReisman Жыл бұрын
Seems like a good option - I haven’t used it before, but looks like it has a secure element and verifiable source code
@cryppto394311 ай бұрын
Would you suggest the Ellipal Titan? holds more tokens than the keystone. I'm debating between the two & really in need of a hardware wallet. Please let me know
@RhettReisman11 ай бұрын
I've only ever used these 4 wallets, but if they don't support some token that you absolutely need to store, you could try it. IMO that's a reason why holding super obscure altcoins is a bad idea.
@Afiore1088 ай бұрын
Did you do a ledger stax review
@RhettReisman8 ай бұрын
They never released it, I preordered it like 1+ years ago :(
@Anontradesbtc Жыл бұрын
Hey Rhett, I appreciate you taking the time to create this video. Although I am not a beginner or a pro, I do have a couple questions for you. 1. If I order the MK4 and accessories on coinkite, does the SD card come with the adapter case to plug into my computer? 2. Since the code for mk4 is open source, I would be able to see if any future firmware updates are malicious? I've been seeing people argue on twitter that the mk4 cold card is not open source, just viewable. What is the difference and what is your opinion?
@RhettReisman Жыл бұрын
1. No, the sd card is just a microSD card you would need an SD to microSD adapter to use it with most computers. 2. That’s right. Hopefully someone would catch malicious firmware when it was released if it was released. That being said, it relies on the community recognizing malicious firmware when it is shipped. All new firmware releases carry some small risk. The MK4 code is technically not open source it is openly verifiable. It was previously open source until other companies (notably the Foundation Passport device) stole the CC code and used it to sell their device. Coinkite responded by making the firmware verifiable but not open source (so no other companies could steal it and produce similar devices). I think the argument is a little goofy. Coinkite is doing everything in their power to provide secure software to the community and protect their business interests which I think is totally fine.
@Anontradesbtc Жыл бұрын
@@RhettReisman Awesome that is good stuff to know! Thanks for replying you earned yourself a new subscriber. 🤙
@RhettReisman Жыл бұрын
Glad to help, let me know if there’s ever anything you want me to make content about :)
@Anontradesbtc Жыл бұрын
@@RhettReisman If you haven't already, you should make a video on how to properly store bitcoin on an offline USB flash drive using sparrow wallet.
@Saribex Жыл бұрын
And OneKey Touch? I consider that device.
@RhettReisman Жыл бұрын
Never heard of it
@asteriskesque Жыл бұрын
Trusting Ledger is a mistake. The entire point of a hardware wallet is that your keys never touch the internet. That's what makes it a cold wallet. Ledger building key extraction over the internet into their wallets means their wallets aren't truly cold anymore. It adds risk. Ledger is the only company that put key extraction firmware on their wallets. Choose something else.
@RhettReisman Жыл бұрын
Ledger never shipped the firmware. Firmware updates have always been capable of this. Ledger is still a great option for the 90%+ of crypto holders who are keeping their coins on exchange at Binance or another centralized exchange.
@asteriskesque Жыл бұрын
Yes, Ledger did ship the firmware, then they temporarily pulled it. Also, there's a huge difference between a wallet being capable of seed extraction and the manufacturer writing the code for seed extraction. Any car can crash. That's different from a carmaker writing firmware to make the car aim for oncoming traffic. If you stick with Ledger, that's fine. Your security is up to you. Ledger lost my trust.
@RhettReisman Жыл бұрын
@blancindividuel I agree that ledger lost the trust of people. I haven’t seen release notes or any documentation that the firmware was ever released. I don’t understand the analogy. Malicious firmware is possible on any hardware device - especially those with closed source implementations. Ledger is still an upgrade for the 95% of crypto users (most of the audience of these videos) using Binance and other CEX for storage.
@jp62200 Жыл бұрын
Key extraction is also possible with trezor : shamir secret backup
@michaelkent194210 ай бұрын
with the laws that r being passed we will need an institutional account. how do we do that?
@RhettReisman10 ай бұрын
I don't undestand what you mean by institutional account sorry. If you're a business that needs an institutional account you should probably talk to a lawyer/accountant to determine what your best custody solution would be.
@michaelkent194210 ай бұрын
well the one % r putting theirs in institutionl bussiness accounts & then passing laws against those do not have them(well in the USA) so we need to learn how to set one up like they r @@RhettReisman
@planttheseed2129 Жыл бұрын
Just curious. Do you have your Multisig still with Casa?
@RhettReisman Жыл бұрын
Downgraded it to gold
@michaelzarifes8395 Жыл бұрын
Hi Rhett, more great information! Thanks for always informing me and the rest of the community! QUESTION: I have a Ledger Nano X and given the recent events regarding Ledger, I want to migrate to a different wallet using Sparrow. I am only interested in buying BTC. What is the best way for me to move forward? If I buy a Coldcard MK4, is it okay to connect it to the computer via USB? Is it worth actually getting the extra battery, cables and SD card? Or what about Trezor T? Which would you recommend? I'm an intermediate level user, I think. Thanks!
@RhettReisman Жыл бұрын
Hey Michael glad to help :) If you’re just interested in bitcoin I’d probably go for a coldcard mk4 and just use it with the usbc cable in the computer (not airgapped) with sparrow wallet (or electrum whatever you like better). I personally don’t think the airgapping is worth the hassle for most people.
@michaelzarifes8395 Жыл бұрын
@@RhettReisman Hey Rhett, thanks for your reply! Very helpful! Keep up the good work on your channel! Your content is very informative!
@RhettReisman Жыл бұрын
Anytime man thanks for the kind words 🙏
@endthefed5304 Жыл бұрын
Seedsigner is better than coldcard
@RhettReisman Жыл бұрын
“Better” is meaningless there are just different trade offs.
@Jester33347 Жыл бұрын
Why do you Trezor doesn’t have security elements? They’re also open-source just like ColdCard, etc.
@RhettReisman Жыл бұрын
There is no secure element chip in a trezor device. If you have access to the physical device and it doesn’t have a passphrase you can hack it with like $20 of equipment there are tutorials online
@Jester33347 Жыл бұрын
@@RhettReisman ah… makes more sense. Thanks!
@user-mr5vr7mq8v Жыл бұрын
I store crypto in a cryptocurrency wallet that is in the Utopia ecosystem.
@RhettReisman Жыл бұрын
Not sure what that is 🤔
@MrAphorism Жыл бұрын
Cost is irrelevant if the security isnt there. To save a few hundered dollars but loose thousands doesnt make logical sense.
@RhettReisman Жыл бұрын
Security is also a trade off. All these devices are more secure (and harder to use) vs keeping your coins on exchange.