Not interested in foundation - they stole the coldcard source code and use it in their devices. I’ll check out jade at some point

@@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.

Good call out. IMO if you’re using an airgapped wallet and you want BTC only might as well go with coldcard

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

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.

I'll add it to the list for 2024 :)

@@RhettReisman awesome. Happy new year. I’ll be waiting!

Haven’t used it before. Think it’s probably a fine alternative to a coldcard. Planning to check it out at some point :)

@@RhettReisman Nice! Looking forward to it.

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)

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

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

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

Seems like a good option - I haven’t used it before, but looks like it has a secure element and verifiable source code

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.

They never released it, I preordered it like 1+ years ago :(

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.

@@RhettReisman Awesome that is good stuff to know! Thanks for replying you earned yourself a new subscriber. 🤙

Glad to help, let me know if there’s ever anything you want me to make content about :)

@@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.

Never heard of it

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.

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.

@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.

Key extraction is also possible with trezor : shamir secret backup

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.

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

Downgraded it to gold

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.

@@RhettReisman Hey Rhett, thanks for your reply! Very helpful! Keep up the good work on your channel! Your content is very informative!

Anytime man thanks for the kind words 🙏

“Better” is meaningless there are just different trade offs.

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

@@RhettReisman ah… makes more sense. Thanks!

Not sure what that is 🤔

Security is also a trade off. All these devices are more secure (and harder to use) vs keeping your coins on exchange.

We need to stick together 👊 😂

Damn 🦫 why?

Great device