“Craig S. Wright Gets Patent On Bitcoin White Paper And Code” … This is what I read when I got out of the shower and I thought to myself. “How is this possible?” The code is open source, you can’t hold a patent on it. It turns out I am right and you cannot do that. This is an insane attempt to “prove” to the world that he is something that he is not.
As I learned after I read this, anyone can register for a patent, and in order to dispute it, you have to fight it in court. To clarify, the U.S. patent office does NOT recognize Craig S. Wright as Satoshi Nakamoto. This just means that he registers a file to be recognized as Satoshi (since no one else has before). You can read that article here.
PATENT ON BITCOIN -BREAKING NEWS: 5/21/19
Craig Wright, the self-proclaimed creator of bitcoin, has filed registrations with the U.S. Copyright Office supporting his claims of authorship over the original bitcoin code and the Satoshi white paper.
The registrations, which are visible here and here, pertain specifically to “Bitcoin: A Peer-to-Peer Electronic Cash System” and “Bitcoin,” meaning the original 2009 code.
To be clear, registration does not imply ownership nor is this an official patent. The copyright process allows anyone to register anything in an effort to prepare, say, for lawsuits associated to ownership.
Computer code and white papers can be copyrighted insofar as they are considered literary works and, as the copyright office writes: “In general, registration is voluntary. Copyright exists from the moment the work is created. You will have to register, however, if you wish to bring a lawsuit for infringement of a U.S. work.”
In other words you, the reader, could register this post and I would have to fight you in court to contest it.
Jerry Brito, executive director at advocacy group Coin Center, tweeted:
“Jerry Brito@jerrybrito
Registering a copyright is just filing a form. The Copyright Office does not investigate the validity of the claim; they just register it. Unfortunately there is no official way to challenge a registration. If there are competing claims, the Office will just register all of them.
Neeraj K. Agrawal@NeerajKA”
Craig Wright filed a copyright registration for the Bitcoin whitepaper
WHAT’S THE VERDICT?
“People register things for a reason. They want to exploit it and they want the credit for it,” said David H. Faux, Esq., an intellectual property attorney in New York City. “Someone dishonest would register the Bitcoin white paper to put it on his website and get speaking engagements. But at some point it would catch up with him.”
“The market takes care of itself,” said Faux.
When asked for comment noted Wright critic Jameson Lopp said “LOL.”
UPDATE – WRIGHT WROTE:
“BTC is not bitcoin. Bitcoin is set in stone and does not change. Where there is a protocol change, there is developer control which is the exact opposite of what bitcoin is about. BTC is passing off as Bitcoin. It is an air drop copy that has been designed to slowly alter the protocol allowing the system to be anonymized to such an extent that criminal activity can happen. The goal is to create a system that allows people to commit crimes, extort money, have automated ransomware and worse. This is not the goal of Bitcoin.”
CONCLUSION
In the end, I don’t think anyone is going to recognize Craig as Satoshi, regardless of this filing. There is absolutely NO way that Satoshi would go through these measures to “prove” who he is, mainly because he came from out of nowhere, and then provided the world with a ton of value, and then disappeared. This was no accident. He created one of the most powerful, open source tools the world has ever seen and made it impossible for people to find him.
He believed in liberty,freedom, and democratizing power by undermining the the world governments and banks. Satoshi would never try to use these powers against the community it developed from the beginning. This is just a slap in the face to all the believers and early adopters who nurtured and cultivated this technology from the very beginning.
Do you think that Craig is Satoshi? Sound off below!
Cheers,
The Crypto Renegade
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CoinMine One Review (2020) – Is It Worth Buying? My Experience After 3 Months
In this Coinmine One review, I am going to talk about my experience with not only the user experience in the last few months, but if I think it’s a viable option for crypto mining, so stay tuned for the whole article to get my scoop.
I recently wrote an in-depth article before I received the device outlining the features and selling points I perceived it to have and I still hold true to those beliefs, but there are also some changes after actually using the device that I didn’t take into consideration. It’s a good read and it can be found HERE.
But in this article, I want to focus in on specifically who this device is for? Is it what I expected? And ultimately, if I think it was worth the price of the device (Which you can receive a special discount on below if you are interested).
CLICK HERE TO BUY THE COINMINE FOR ONLY $649 WHEN USING DISCOUNT CODE “BITCOINLOCKUP” AT CHECKOUT
Who Is the CoinMine One Intended For?
This at-home crypto miner is designed for the new user to crypto that wants to start participating into mining, without having the learn all the technical intricacies that go along with it.
For instance, when I first unboxed the device and plugged it in for the first time, all I did was download the app, scan the QR code that came in the box to connect it, and within 2 minutes I was mining my first cryptocurrency.
.It was stupidly easy to setup and very easy to figure out. You can mine up to 6 different coins currently ( ZCash, Monero, Grin, Ethereum, Handshake, and Bitcoin) and can switch between them whenever you want all within the app.
Additionally, you can choose “Bitcoin” mode that will mine the most profitable coin on the app and automatically convert it on the backend into your bitcoin wallet if all you want is bitcoin at the end of the day. This is makes it easy to set it and forget it and will automatically utilize the device in the most efficient way to get bitcoin into your wallet, even though you aren’t “mining” it directly.
Is The CoinMine One Device What I Expected?
Overall, I came into this purchase understanding that this wasn’t going to be the most profitable way to mine cryptocurrency. For me, I knew this device would be easy to use, require no maintenance, and I could literally set it and forget it.
Additionally, since I’ve received the device, they’ve added a free feature that allows you to compound interest by leaving your funds in the wallet they provide you by 6.5% per month. This is a free service that is a win-win for accruing your funds faster.
Now, you can transfer your earned funds into your own wallet, once you hit the minimum withdrawal amount, but I personally don’t because I like to utilize a portion of my crypto to earn interest and have it go to work for me.
I also want to point out that this device is super quiet and does not generate almost any heat, like most mining rigs do. This is quieter and sleeker than a playstation and takes less power too. This can easily go in every kitchen, office, or bedroom (if you want a nightlight), without causing a disruption.
If your goal is to participate in mining and earn passive income without: tons of work, research, loud noises, and excessive cooling and electricity costs, you won’t be disappointed.
CLICK HERE TO BUY THE COINMINE FOR ONLY $649 WHEN USING DISCOUNT CODE “BITCOINLOCKUP” AT CHECKOUT
Is The CoinMine One Worth The Price Of $799?
At their normal price of $799, it can seem a little steep, but it will eventually pay off, because cryptocurrency is still very early.
Luckily for you, I have a special referral code for my readers so they can utilize my specific Coinmine One discount code. All you need to do is click HERE and enter code “BITCOINLOCKUP” at checkout to drop the price to only $649.99, saving you some money right away.
This is the best discount they offer, so I wouldn’t expect to find it cheaper anywhere else. At this price, it’s definitely worth it and it’s been nothing but a positive experience and with the compound interest option automatically applied, you’ll recoup your initial investment sooner than you think. There is no longer a reason to wait!
CoinMine One Conclusion
Overall, Is this device the most efficient way to mine cryptocurrency? No. Is this the path to the most profitability to participate in cryptocurrency mining? No. So why would I do it?
This is designed for people that are new to the ecosystem that want to participate in securing the network of the coin they want to support and allows them to do it easily and safely without ANY technical knowledge required. It takes more skill to setup a playstation than it does with this device.
You can use the calculator on the site to see how long it could take to break even or become profitable, but you shouldn’t expect a return within the first year. Now, it is possible to become profitable much quicker, but that ultimately depend on the overall market and price of the coin you are mining.
So, is it worth the price? That honestly depends, for me this wasn’t strictly about profitability but finding a non-technical way to quickly and easily immerse myself into the ecosystem and be apart of something better!
CLICK HERE TO BUY THE COINMINE FOR ONLY $649 WHEN USING DISCOUNT CODE “BITCOINLOCKUP” AT CHECKOUT
What do you think? Would you buy the CoinMine One? Let us know down below in the comments!
Cheers,
The Crypto Renegade
NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.
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Ledger Nano S Review: 7 Things You Need To Know Before You Buy (2020)
In this article, I will go into depth of the Ledger Nano S Review: 7 things you need to know before you buy it. The Ledger Nano S was the first (but definitely not the last) hardware wallet I ever bought, and the experience actually led me to create this website as I started learning more and more about crypto security.
It was the second hardware wallet that came on the scene after the Trezor One device and implemented a new security structure and a new form factor to try and compete directly with the only trusted hardware wallet at the time.
When the Ledger Nano S started picking up momentum, it was because they started adding altcoin support at a rapid pace. This was exponential as Trezor only supported native apps for Bitcoin, Litecoin and Dogecoin by the time that Ledger had over 20 native apps for alt coin support with hundreds of new coins that were already in development.
This was a HUGE deal at the time, and only picked up steam as the 2017 bull run started and people began accumulating a wide array of altcoins for speculative investment. Today, the other competitors have caught up pretty well for the same level of support, but the Ledger Nano S still has an edge for certain coins that are supported, and that is a HUGE reason that I use this device on a semi-weekly basis to this day. There has been lots of progress and development on the device itself, the massive altcoin support, and the introduction of Ledger Live. Lets check it out below!
WHAT IS A HARDWARE WALLET AND WHY DO I NEED ONE?
For those who are new to the cryptocurrency landscape, you may have heard that you need a hardware wallet. But, why? Well, when you receive your first bitcoin, whether it be in a mobile, desktop, or web wallet, you have the public key (your bitcoin address) and the private key (the secret key required to control (send/receive) your bitcoin. your PRIVATE KEY is the MOST important piece of this process, because without the private key, you do not own or have control of the coins in your wallet.
When you have your private keys connected to a “Hot Wallet” or a wallet that is directly connected to the internet, you run the risk of them being hacked or compromised. This is where hardware wallets come in. These are known as “Cold Wallets” or “Cold Storage” and has your private keys stored securely offline, so they are impervious to attack or compromise.
When becoming your own bank, this is a vital part of properly managing and securing your cryptocurrency. Hot wallets are good for everyday spending and ease of use (much like a fiat wallet you keep in your back pocket), but it is NOT ideal for longer term storage.
The Ledger Nano S is a very compact, sleek, and secure device that allows you to store over 1,100 cryptocurrencies at the time of this writing. This is crucial as more altcoins gain acceptance and you need a wide portfolio to protect longer term. Ledger takes their security very seriously and for good reason. There have been a number of exchange hacks and reports of people losing or having their wallets hacked by nefarious individuals throughout history. This is why having this device is so crucial.
Ledger Nano S is a device that is upgraded frequently with new features and firmware upgrades to ensure that it has the latest security protections and new assets being added every single month. Not to mention, it is currently the cheapest among the 3 best-known hardware wallet companies, starting at only $59 USD!
LEDGER NANO S REVIEW: HOW IS THE SECURITY?
The Ledger Nano S has an A-grade security setup which sets it apart from the competition. It uses a secure element which holds and stores the private keys in a separate and secure environment from the rest of the operating system. This ensures that if for any reason the rest of the device is somehow compromised, you precious private keys are safe.
It also supports the standards BIP-39 protocol that requires you to setup a recovery seed phrase of 24 words during the initial setup, that allows you to restore your coins to any other wallet in the event you have broken, lost, or somehow cannot gain access to the device itself, so you have a fail safe.
(PRO-TIP: If you lose, rip, tear, get wet, or otherwise destroy your recovery seed, you are in serious trouble. I would recommend obtaining a CryptoSteel device as a metal backup for your recovery phrase that protects you against a fire, flood, earthquake, or your brand new puppy. This is STRONGLY recommended if there is ANY amount of cryptocurrency you would be financially damaged by losing. This is a literal metal vault for your backup system)
Additionally, they have a proprietary operating system known as BOLOS (Blockchain Open Ledger Operating System) that allows developers certain access to develop applications and a framework for them to add support for a wide spectrum of coins and stacks for scaling up. It is built with security in mind and to work comprehensively with the secure element by ensuring there is a smooth delivery of sensitive data when making a transaction using the Ledger Nano S.
In my opinion, this is one of the most secure devices out there, as it has built in several security checks for every action taken on the device, and if those checks have not been successfully executed, it will not move on to the next phase, making it even more secure. To me, this extra attention of securing my private keys provides me peace of mind even with an entry level device.
WHAT MAKES THE LEDGER NANO S DIFFERENT THAN TREZOR OR KEEPKEY?
I get this question a lot, as I use all three of these devices on a regular basis. Not only is this device the smallest of the bunch, it is the only one that has a built in screen protector in the form of a polished aluminum cover for ensuring the OLED display avoid scuffs and scratches during transit. The smaller form factor is an advantage and a disadvantage. The disadvantage to me if not being able to see the full address in one place when verifying a transaction.
It does end up scrolling to reveal the full address, but that can be difficult if you are trying to verify letter for letter for confirmation. The advantage would be it’s very discreet and transportable. It slips easily into your pocket, or your keychain if you’re so inclined. But, the largest notable difference is the specific coin support you can’t get anywhere else on a hardware wallet.
As a HUGE advocate for privacy coins, I tend to favor these and accumulate them for personal investment and also private transactions, and as a result, I need a secure place to store them. To their credit, the other hardware wallets are working towards supporting these coins, but Ledger already has support for 2 of my favorite coins, Monero (XMR) and Zcash (ZEC).
Ledger also supports Zcoin (XZC) and a few others as well. These are support by Ledger Live (which I will go over in a minute), which is the native dashboard for managing native applications for these coins which is very convenient.
Additionally, this is the only hardware wallet (currently) that supports Tezos (XTZ), which has a very bright future in my opinion. Tezos is a POS coin that has a new unique blockchain consensus that rivals Ethereum on a number of levels, and I personally believe will be a top 10 coin very very soon.
Not only that, when using Tezos you can “Stake” your coins while holding your private keys while ON the Ledger Nano S. This is HUGE, and is a main reason I use Ledger Nano S, since I like to participate in this process personally. No other hardware wallet has even announces plans for this kind of native support for this at the moment, which gives Ledger a massive edge over the other two in my opinion.
LEDGER NANO S DESIGN
I will keep this section short and sweet, as I addressed above, this is a sleek and compact device, which make its very stable and durable. It has a small OLED screen and 2 physical buttons. This is used for navigating apps, verifying your pin to access to the device, confirming a transaction, and generating the recovery seed words upon first time setup.
When entering in your PIN on the device, the right button will function as the “Up” arrow, and the left button the “Down” arrow for scrolling through your selections, then pressing both at the same time will confirm your selection, so it’s pretty intuitive. It has a one port which is micro USB that connects to a cable to a standards USB port that can be used on a MAC or PC.
CLICK HERE TO BUY THE LEDGER NANO S
LEDGER LIVE – IS THE UPDATE WORTH IT?
This was a MASSIVE upgrade from the chrome apps they were utilizing before. This new desktop app is very clean and seamless. They also have a new mobile app designed for use for the next generation product the Ledger Nano X (We will go over that in a future review) for wireless management. However, the desktop app is very clean and easy to navigate. The first thing once you connect and authenticate your device is a dashboard if you had already have an existing device, showing you your balances and charts on a single screen.
You can see your accounts on the left hand side, and you also see the “Ledger Manager” which is where you add and remove apps. When you perform any firmware upgrades, it requires you to delete the apps on your device (don’t worry your coins are safe) and you re-install them after it is done.
When you first plug in and install the app on your desktop, it will ask you if you want to setup a new device or if you have a device that is already setup and then have you authenticate with the PIN. It will then check for any updates or firmware upgrades that are necessary for you to view your account. Once you have access, it’s pretty easy to manage everything overall, and they have even introduced a way to “Buy Crypto” from such partners as “Coinmama” where you can purchase directly with a debit or credit card, and “Coinbase“, which you can do they same and also use your bank account directly via ACH.
There is also a pricing history dashboard built right in, thanks to an integration with “Kraken” and “Bitfinex“. This allows you to see trends and historical data, which may help you decide at-a-glance what you would like to do for managing your next transaction. Once you install an App, you can create multiple accounts and label them if need be, for managing and organizing your portfolio. The only one complaint I have with it, is if you do use a 3rd party wallet, like “MyEtherWallet“, you have to leave the app and manage your funds on a 3rd party site. Overall, all the native apps work beautifully, and they are adding new coins and assets all the time.
CONCLUSION – BOTTOMLINE
PROS:
-Very easy to setup if you have never used a hardware wallet before, you just need to download the desktop app from Ledger’s website and follow the prompts once you connect it for the first time.
-It’s the cheapest hardware wallet as of this writing at $59.00 USD. If you are just getting started and you only need a few coins to hold at once, this is easily the best intro wallet to keep your private keys stored offline.
-It has the widest range of native apps and newest coins being added all the time and being supported. You can click HERE to view their roadmap to see if your favorite coin is currently in development of being added to the platform.
-It is currently the only hardware wallet that natively supports Tezos (XTZ) and Monero (XMR) if you’re a fan of those coins and other privacy coins in general.
CONS:
-The screen is small and if you’re verifying your transaction address using the small screen, you have to wait for it to scroll, and then verify quickly the characters match before you can authorize the transaction. This is not ideal for a quick at a glance process to ensure the address you’re sending to on the app, matches what shows on your device (VERY IMPORTANT).
– You can really only hold 3 or 4 apps on the device at once. I originally only kept 3 apps on the device, as those were the only coins I needed to add at the time. However, when I went to add a 4th, it told me I needed to remove an existing app to make room. The RAM or space is on the device is very limited, so it’s good if you have only 2-3 coins you want to manage at once.
-They require you go through the process of removing and uninstalling all apps and then going in and reinstalling them for EVERY firmware update. This is tedious and really obnoxious for the serious hardware wallet user. I understand you need to have backups and be careful with every upgrade but c’mon, this is the only device I have this issue with.
As you can see, overall this a is a very solid entry level wallet with top notch security. I recommend if you are a brand new hardware wallet user and you are just dipping your toe into this large pond, this is your best bet. It has a clean, easy to follow interface and you can get started at the cheapest price of only $59.00 to start.
If you do not plan on holding MANY different coins at once on the same wallet, this is the wallet for you. Now, you can use 3rd party wallets to integrate it with, but that’s an entirely different learning curve. If you want to hold 3-5 coins to start and get it done simply and effortlessly, this is where I personally started and I recommend you start.
PURCHASE LEDGER NANO S FROM LEDGER’S OFFICIAL SITE
What do you think? Is there a better wallet you recommend for people getting started? Let me know in the comments below!
Cheers,
The Crypto Renegade
NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.
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Cobo VAULT Review | The “Self-Destructing” Crypto Hardware Wallet? (2020)
Is the Cobo Vault the best unbreakable crypto hardware wallet of 2019? Is it as tough and inpenetrable as they claim? Stay tuned for the whole Cobo Vault Review to find out! I recently wrote an article on an upcoming device that appears to be directly competing with this product called the Ellipal Titan. If you want to read that review after this one to get kind of a side-by-side comparison, you can check out the in-depth first look of that device HERE.
Overall, my first impression of this device was very good. It appears to be targeting an entirely different segment of the cold storage crypto wallet market, which is something I obviously follow quite closely. They are marketing this as a “Military Grade Durability and Security” device, which is definitely the case as it has all the proper ratings a certifications to protect against impact, water resistance, and shock resistance to ensure it is as rugged as humanly possible.
If you are new to cryptocurrency security in general, please check out my free e-book HERE. This dives in deep on the basic (and some advanced) security tips on how to best manage your cryptocurrency by learning from my mistakes. I guarantee you will learn something new and it will help you on your crypto journey! So, let’s get to why you are here and jump right into the Cobo Vault Review. Let’s do this!
What’s In The Box?
There’s a lot of bang for your buck here and certainly attempts to justify it’s current price tag of $479. This is no ordinary crypto hardware wallet, this thing is very different than Ledger, Trezor, and KeepKey as there are no active ports or USB connectors to allow you to interface with this product. I will get more into this in the next section, but needless to say this is a unique device!
Here’s what comes in the box:
-Cobo Vault Hardware Wallet (4 inch touchscreen)
-The Cobo “Vault” (Houses The Device)
-A Removable 1540 mAH Battery
-Charging Dock
-USB-C Cable (For Charging)
-Mnemonic Steel Recovery Seed Device
-Steel Tiles For Recovery Seed Phrase
-Small Screwdriver
-Instruction Booklet
The box is very large and feels heavy when you get it because of the steel grade quality of all of the components. There is an unboxing video below that will explain how this all works and gives you a visual cue of everything that is included and what each piece is used for.
The most “compelling” piece to me here is the steel mnemonic tablet that is used to secure your 24 word seed phrase. This is TYPICALLY used by other providers by writing it down on paper, which is vulnerable to the elements. These devices can cost upwards of $300 by itself, so this is a HUGE value add and absolutely necessary for anyone that takes their cryptocurrency security seriously.
If you are not familiar with what this and why it’s needed, you can read an in-depth review of the best standalone titanium recovery seed backup HERE.
Setup And Use
This device has NONE of the following connections:
WIFI
USB
BLUETOOTH
NFC
CELLULAR
This means that it is completely off the grid. So how do you use it and set it up? QR Codes. The device has a 5-MP camera for scanning QR codes on Cobo’s website and then the companion app for managing assets from their hot wallet over to the offline device.
This is a very prolonged and arduous process. In terms of security, this is a VERY good thing. It’s like having a 7-step authentication system. However, for ease of use, it’s a killer, and most wallets try to strike a balance between ease of use and security. Cobo does not appear to care about what it’s competition is doing in this regard, since it’s breaking out into it’s own little sub-niche of cold wallet security. Here are the steps I had to follow to setup and use the device:
1.) Download the “Cobo” mobile app
2.) Power on the Cobo Vault device
3.) Go through the recovery seed phrase process. This includes writing it down and verifying it through the touch screen
4.) Set a custom passphrase that has stringent requirements including multiple special characters and at least 10 characters minimum.
5.) Scan the QR code on Cobo’s website to authenticate the firmware and authenticity of the device.
6.) Once authenticated, you scan a dynamic and ever-changing QR code on the companion mobile app to initiate transactions
7.) If you want to receive any payment directly on the device, you just generate a QR code and your sender can scan the code to initiate. If you want to send a transaction, follow the steps 2-6 above and repeat the process.
Features: What Makes It Inpenetrable?
So, in addition to having a water resistant, shock resistant, and using “Military Grade” materials and configuration, it also has a “Self-Destruct” mechanism if it expects foul play. Let me explain. The device cannot be hacked through any ports or any wireless type connections. However, if someone tries to extract the private keys manually, the chip will have a timer initiate a countdown. If the screen is broken or if the device is opened up internally in any way, it will completely wipe the device.
If this happens, the only way to restore this is through your recovery seed phrase that you now have in stainless steel thanks to having it included in the box. This can be imported to any BIP-32, 39, 44 wallet to restore your funds with this seed phrase.
Additionally, if someone tries to steal the device and initiate a transfer of the funds through their own Cobo Vault, they will not be able to, as during your initial setup it is coded to the QR code you scanned on your app that is unique on your mobile phone. This device is really the Fort-Knox of crypto wallets. It took me about 30-40 minutes from start to finish when I unboxed, setup, and made my first transaction on the device. As I mentioned above, this DOES make it very secure, but for ease of use, it’s kind of nightmare. There are no trade-offs here.
Cobo Vault Coins Supported
This device claims to have a lot more coins that will be supported on their road map, but this is definitely one of the “cons” of this device as it is of the utmost quality, but also is VERY lacking in the coins that are supported. Below is a picture of all the coins that are currently supported as of this writing.
For those that are not familiar with all of these coins or brands, I will list them here: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Tron (TRX), Eos (EOS), Litecoin (LTC), and Dash (DASH).
Price
This is a premium device and the price reflects that. It’s $479 USD to get this device and may have some shipping costs associated with it if you are outside of the U.S. As this is a higher-end device, you get what you pay for. I have not come across a more durable and secure device yet, but the Ellipal Titan appears to be a cheaper option that is going to be competing with this directly when it is released to the public in late August 2019. You can check out my review/first look HERE.
Cobo Vault Review: Conclusion
https://www.youtube.com/watch?v=HKbiyf5fJmo
Overall, the Cobo Vault device is probably the strongest and highest quality device physically, that I’ve ever used in a hardware wallet. It feels solid, and I know that if I drop it, get it wet, or otherwise try to damage this, it will stand the test of time. In terms of security, I have yet to personally test a device that compares to this one.
I had several steps and verifications in order to just set it up, let alone make a transaction. I believe this device is designed to be used VERY sparingly and is not used in a daily setting. This is a long-term “HODL”er device, which is good, but if you frequently transact, it is a hassle.
Also, it only supports 8 coins currently. It claims to be supporting more coins soon, but it has mentioned that since it’s launched and have not seen any announcements of movement on that front for several months.
Finally, we have to consider the price. $479 is no cheap price for a hardware wallet and this is a premium and high end device, so I personally use it as a backup and long term device. I do not use this for frequent trading and transacting for obvious reasons described above, but I like having it for my long term stash.
So what’s the bottomline?
If you are new and are looking for your very first hardware wallet, I would personally recommend getting a KeepKey device. It is very nice quality and just launched a brand new platform that integrates trading and is the only one that allows you to keep your private keys offline and in your personal possession the entire time. It’s my go-to wallet for daily use. You can get that HERE.
If you are looking for a secondary or longer term wallet to diversify, then I would ABSOLUTELY recommend this wallet, as it is probably the most secure wallet you can get and the quality is unmatched. I have only used mine twice, but that also means it’s safe and sound and I have no second thoughts about someone being able to crack it, even if they get it in their hands. I feel very comforted knowing that this is literally unbreakable. You can get the COBO Vault hardware wallet below and check out some reviews on their site below
Cheers,
The Crypto Renegade
NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.
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