In this Fold App Review, I am going to discuss why this free app is a good way to start accumulating free bitcoin and start “stacking sats” as they say. I’m always looking for new ways to start accumulating more bitcoin and finding real world use cases where I can do so, outside fo buying it directly from an exchange.
This is primarily targeted for mobile use (using their iOS and Android app) for using this. If you want to learn about ways to earn free bitcoin while shopping on a desktop computer, then I would check out my full review of Lolli App, HERE.
I am going to touch on some of the basics of how much you can earn with it, how it works, who it’s really designed for, and my overall feelings of if it’s actually worth using. If that is what you’re looking for, then look no further!
Who Is The Fold App Intended For?
If you frequently make purchases with Amazon, Uber, Starbucks, Target, and Sephora (to name a few), then this app is for you. This app allows you purchase discounted gift cards, as well as earn free bitcoin (satoshis) for each purchase that you make. Once the order goes through, it’s credited to your bitcoin wallet within the app almost immediately.
This is designed not only to save you money on what you are already spending, but allows you to earn free bitcoin rewards for doing so. If you’re already spending at these places, why not get free bitcoin for doing it, right?
In the app, you can always see which vendors have offers and they are adding more all the time. Additionally, the discount your receive varies for each vendor. For example, Airbnb will give you 3% cash (bitcoin) back, but L.L. Bean will give you 10% back. The app is constantly updating to offer you the best deals.
How Does The Fold App Work?
This works for both online and physical locations. Since it’s gift card based, once you make a purchase in the app, it will generate a gift card and a bar code on your screen, for the cashier to scan and use directly.
This will also provide a “gift card code” for you to enter at on-line checkout and you can mix and match between buying online and in store as much as you want with no penalties or fees.
I will break it down step by step below on how to set this up and how it works in a few simple steps.
NOTE: You will receive the bitcoin rewards for the amount of gift card purchased, not the actual products you buy with them.
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Load a gift card you buy with Bitcoin on the Fold app, to your account
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Use that gift card at select retailers and restaurants by using the barcode or the number beneath it.
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You can make online purchases with your Fold gift card or you can purchase at physical locations
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At physical locations, all you need is to scan the bar code from the app on your phone at the cash register
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Every purchase you make with the gift cards that you have on your Fold app will credit you with Bitcoin cashback
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The amount of Bitcoin cashback you get on any purchase depends on the individual retailer or restaurant
Is The Fold App Worth Using?
If you are looking to start dipping your toe into cryptocurrency and you’re not quite ready to buy it directly yet, then this is for you! This is a seamless way for you to spend your normal fiat currency and start earning bitcoin back on direct gift card purchases.
This is also good for sending gifts directly, so whether it’s the holidays and you want to send a gift via email (or Twitter) you can earn bitcoin to your wallet for doing so. This can be used for any occasion as well, not just for gifting.
For the avid crypto users, they are also implementing lightning payments this year as well, so you’ll receive even more discounts if you decide to grow the crypto-economy by paying with crypto, instead of using a debit/credit card as well. More on that as it develops…
So, is the Fold App worth using? I would definitely say yes. Especially if you spend frequently at these places anyways and purchases exceed at least 15$ in most cases, then there is no downside here, only upside.
What do you think? Would you use the Fold App for free bitcoin? 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 accumulate and secure their crypto.
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How To Earn Free Bitcoin (2020)
This post is going to go into how to earn free bitcoin. But first, a quick story about how I stumbled upon this amazing tool and resource, and why it’s going to work for you. I first learned about the Life Leadership program from my girlfriend’s father last summer. As he was a fellow libertarian, I was interested to hear his thoughts on what this program offered and what the core values were, as I was always looking to converse with like-minded people.
I came to find that financial freedom and personal development (two things I was actively working on myself and believed in) was the cornerstone of what this organization stood for. As we started discussing it, I mentioned that I worked for a prominent cryptocurrency company and that I also believed in self-sovereignty and despised our current legacy financial system.
After that interaction, I started getting more involved, attended some in-person seminars, and was happy to learn that Life was working on a project that was going to promote the spending of cryptocurrencies through their platform. They believe in financial and economic freedom for the entire world; a vision I also shared.
I joined as a member and downloaded the free app that offers a wealth of free (and paid) services that help you get out of debt, educate you how to navigate our corrupt financial system, and provides you myriad tools to give you prosperity and obtain the life you’ve always wanted!
As a current member of the Life Leadership, I was thrilled to find that they had created a fantastic way to save money on purchases you were already making, create an eWallet that stores all your savings, and provided a simple way to accumulate the life virtual currency called “dibs” (which stands for “Dollars In Bitcoin Satoshi’s). You can convert these rewards directly into bitcoin. Seriously.
I am going to explain how it all works below, and as a “Pro-Cryptocurrency” individual, I truly believe this is the best possible on-ramp to gain mainstream adoption for ALL people to enter the cryptocurrency world, easier than any other method I’ve seen before. Giving people a powerful and free tool (the app) to save money on purchases they are already making, and then being able to convert the savings you accumulate directly into bitcoin is a slam dunk. Let’s learn how to earn free bitcoin!
*** CLICK HERE FOR YOUR FREE LIFE APP DOWNLOAD***
HOW TO EARN FREE BITCOIN: WHAT IS THE LIFE INFO APP?
The Life Info App is a free app for iPhone or Android that promotes financial literacy, personal development, and most recently, a shopping platform that that lets you convert your savings directly into bitcoin (via Coinbase). This is done with a rewards system that is used with the app’s ecosystem in the form of a virtual currency for Life Info shoppers and members called “dibs”. This rewards-based coin allows you to save 2% on all of Life’s existing services (subscriptions, audio’s, books, etc…) starting with a whole new redesign of the app starting on May 1st, 2019.
You start accumulating these dibs for every purchase you make through the app. They also have a network of very popular merchants worldwide (on-line or in person), that you can earn “cash back” or “dibs” on every purchase that goes directly into your eWallet after every transaction. Just to name a few: American Airlines, Buffalo Wild Wings, Groupon, Bass Pro Shops, Nike, Jiffy Lube, Best Buy, Home Depot, and Chipotle. These discounts range anywhere from 1-10% off each purchase and that percentage goes as a rewards balance in your eWallet that you start accumulating immediately.
So, how do I earn free bitcoin? Here’s How it Works. When you go click “Shop Now” in the center screen of the app, you can either browse all locations within a 100 mile radius of your current location, or manually type it in the search bar. There are thousands of physical locations and over 1,000 brands that are included in the app. You simply click on the brand you are currently wanting to make a purchase with and it will ask you to enter in the total purchase amount.
(PRO-TIP: If you have any coupons or other discount codes already, you can add that to your order to “stack” your total savings).
Once you enter in the total it will generate a digital gift card on the spot with the exact total of your purchase, so you don’t have a leftover balance on the gift card (unless you want to). You then either have the cashier scan your phone with the bar code, or read off the gift card code to them to process your transaction.
Once this transaction is complete, you will immediately receive a credit of “dibs” in your eWallet that you can either save for a future purchase at a discount at a different vendor within the app, or cash that out for bitcoin immediately. I would recommend not cashing it out for bitcoin immediately, as the more “dibs” you accumulate in your eWallet, you start to earn a higher percentage of rewards for each new tier that you hit. Here is a video explaining an overview of how the process works.
*** CLICK HERE FOR YOUR FREE LIFE APP DOWNLOAD***
WHAT ARE “DIBS” AND WHY DO I NEED IT?
“dibs” or (Dollars in Bitcoin Satoshi’s) is life’s virtual currency that is accumulated as rewards for each purchase made on life’s services within the app and also on any merchant purchases through any of the thousands of retailers that you see listed. This is significant because as a currency that is meant to benefit you (the Life App User) you can avoid using fiat and obtain the benefits of real world beneficial products and services, without forcing you to use a credit card. As we all know, credit cards are a tool used by big banks to try and create financial harm by charging outrageous interest rates while incurring absurd fees and is designed to drive you further into debt.
“dibs” is a versatile tool, not only for this ecosystem that promotes financial freedom, but is also allows you to convert it directly into Bitcoin (via Coinbase). I will provide an informational video below outlining this process, as well as providing you with some other options for using your “dibs”.
WHO IS IT FOR?
This is for anyone who wants to save money, earn free bitcoin, and also have an opportunity to earn passive income on the side. How do you do this? Simply use the app to make the purchases you were already planning to make anyways, online or in person. It’s more secure, and best of all you SAVE on every single purchase. These savings will go directly into the eWallet and the more you accumulate, the more rewards you receive, it’s that simple. This is how to earn free bitcoin!
If you are new to bitcoin and cryptocurrencies and want to dip your toe in, this is BY FAR the easiest way to get started. I’ve been around in this industry for years, and I don’t say that lightly.
HOW DO I EARN FREE BITCOIN FOR PURCHASES I’M ALREADY MAKING?
As outlined in the video above, you can convert your “dibs” directly into bitcoin. This is a powerful decentralized digital currency that has immense utility and will most likely gain significant value over time as it is a “deflationary” currency, by design. You can also receive incentives to spend your bitcoin within the Life App, if you decide not to store it offline for longer term savings.
You just simply need to start making purchases within the Life App, see your savings accumulate immediately after each purchase, and then decide what’s best for your long term and short term savings and spending plan. If you skipped the video above in the previous section, I would strongly recommend giving it a view, as it visualizes this whole process and breaks it down very easily for you.
HOW DO I SIGN UP FOR FREE?
Are you convinced yet that this is a win-win? You literally have nothing to lose and everything to gain. I am going to give you my referral link below here again and it will allow you to start saving immediately. As mentioned above, you can start saving NOW and accumulate savings in your wallet and on June 1st 2019, you will be able to convert your “dibs” into bitcoin directly through a very easy to use wizard as demonstrated in the above video.
*** CLICK HERE FOR YOUR FREE LIFE APP DOWNLOAD***
CONCLUSION
I’ve spent the last 3 and a half years of my life in pursuit of helping people understand and learn how to accumulate and store your cryptocurrency, safely. I can say this with absolute confidence that cryptocurrency is the future, and I believe that bitcoin has the best chance of success in gaining mainstream adoption as a device to liberate all people.
When we start using a decentralized means of exchange, we take away all the power and leverage away from the big banks and corrupt government officials that are there to try and control you. This campaign is one of freedom. This a worthwhile goal for every single human on the planet.
In over 10 years in the technology sector, I have never come across such a revolutionary technology. I will include a link to an article I wrote about a week ago that explains why I believe bitcoin is the ultimate expression of freedom.
Additionally, this website is dedicated to not only the adoption of cryptocurrency, but providing you information and the tools necessary to secure your bitcoin (and other cryptocurrencies) by becoming your own bank. I am partnered with the top 3 best hardware wallet providers in the industry and you can learn about and purchase these devices to help you keep your private keys in your possession, once you obtain them from Coinbase.
You just need to click the “Crypto Hardware Wallets” page at the top to review the best sellers if you want to take your cryptocurrency savings seriously. I will also recommend the easiest one to use if you’re a beginners here and it’s called “KeepKey“. I have been privately testing their new platform and can absolutely attest to its ease of use and top notch security. The link for this is right “HERE“.
If you do not currently have a Coinbase account, you can click “HERE” to get a free $10 worth of bitcoin with your first purchase of $100 or more. If you decide to use that link, it helps both you and me as I am provided my own free $10 of bitcoin for referring you , at no additional cost to you.
P.S. If you would like to learn how to become a life leadership partner and start earning passive income by promoting this wonderful platform, please reach out to me directly in the “Contact Us” section of the website at the top.
PLEASE feel free to comment below with any questions or concerns about these products and processes and I will be sure to respond promptly!
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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[NEW] nGRAVE ZERO – 3-Tiered Crypto Hardware Wallet | FIRST LOOK (2020)
What’s going on guys Crypto Renegade here again with another video for you and in today’s video, I have found another brand new hardware wallet that is coming to us that is not on a lot of people’s radar. So stay tuned, we are doing another first look, hardware wallet review video, I’ll give you my views and my takes and what makes us different from other hardware wallets that are currently on the market or even ones that are even upcoming.
Let’s check out This Ngrave Zero First Look!
So make sure you stay tuned for that before we jump into this wallet, I want to say that I do have a free ebook download that is very in depth called the top five ways to secure your cryptocurrency you can find it on my website BitcoinLockup.com. It’s a giant orange button to download it in the top right corner, you can’t miss it. So go ahead and check it out. It’s completely free. But just wanted to mention that before we jump into the content here.
So in today’s video, we’re going to be looking at what’s called the Ngrave Zero. Now this is a brand new hardware wallet, it doesn’t have a price yet it says on the website. As you can see here, it says pre order now. But when you actually click it, it’s just on the super early early bird waitlist. So there’s no actual way to place an actual pre order, and there’s no way to find out what they’re actually going to be charging.
But I’ll give you my views as we go through it of what I think they’re going to be charging and kind of what makes this unique and a little bit different. What I’ve really liked lately is that with hardware wallets that are coming out these days are really starting to differentiate if new security details and security features and different ways of implementing the protection of your private keys, which is really interesting to me.
How Does Ngrave Zero Compare To Other Hardware Wallets?
Because back when this all started in the first hardware wallet, the Trezor came out, you know, there wasn’t that many differences between, you know, a Ledger, Trezor, or a KeepKey in terms of the functionality in terms of the security and in terms of the design. But we’re really coming into new territory here where we’re coming into a new wave of technology, and security for these hardware wallets.
So really, really exciting here stuff further ado, let’s go ahead and get started here. So this one is a as you can see in the form factor, it’s a kind of a small touchscreen tablet here. It’s 100% offline. So this is a three tiered system, which I’ll go into in just a second. But basically, this is an all in one solution for a hardware wallet.
I know that on my channel, I go into different solutions in terms of protecting your private keys. One being a hardware wallet, another being a metal recovery seed backup, to protect your recovery seed, if you ever lose your hardware wallet, that you have a safe way to implement it and restore your funds and restore your private keys.
And then there’s also software wallets, which is sort of like having a wallet in your back pocket with Fiat, which is typically used for day to day transactions. And it’s not meant for long term storage, it’s not meant for savings or anything like that.
You keep that on a software wallet that you will ultimately spend on a day to day basis, maybe a couple hundred dollars or whatever is comfortable for you. But in this case, they’ve kind of implemented an all in one solution, which is really, really nice. I haven’t seen that yet on any hardware wallets, you know, people like Trezor and Ledger, they sell bundle packs with metal recovery seed backup solutions that they can go ahead and bundle and sell it with. But in this they’re coming with an all in one solution. So I assume it’s going to be priced appropriately.
So with this Ngrave Zero here, they’re calling it the coldest wallet, okay. And there’s a reason that they’re that they’re touting that and that it’s going to be, you know, considered the coldest versus any other type of hardware wallet here. So this is a QR code based device, meaning there is going to be an app integrated with it. And I’ll get into that in just a second.
How Secure Is Ngrave Zero?
But there’s an app here, similar to the functionality of the Cobo Vault, similar to the functionality of the Ellipal Titan, and things like that, where you utilize the device to take pictures, and authorize transactions by scanning the QR codes and signing them. So it’s completely offline no Bluetooth, no USB, no cellular no Wi Fi, no other connection is completely off the grid, which is extremely nice. On this, it’s going to give you the three all in one solution wallet that I was talking about here.
I mean, it looks like it’s gonna have a decent sized touchscreen, which again, I’ve gone over in other videos and mentioned how important it is when you’re dealing with hardware wallets on a regular basis. Having a larger screen to scan QR codes to navigate to us is extremely helpful and very user friendly. Not to mention, it’s safer because it displays the Full Wallet address for you to confirm.
When you’re dealing with ledger, ledger devices or sometimes even Trezor devices, you’re going to see that it’s hard to read and verify the wallet address before you authorize and sign the transaction. So you know, again, having a larger screen makes a huge night and day difference in terms of security as well as functionality.
So what they’ve come up with here is a different kind of metal recovery seed backup. It’s complete, accidental decimal system here where it’s basically two parts. As you can see in the screen here, it has sort of a template that you overlay on top of the sheet here. And you basically line up your recovery seed phrase with the first four letters and is translated into numbers.
Okay, so what’s really, really interesting with this here is that you have the plate that where you can use the tool to puncture holes, and then you have the actual plate behind it, that’s embedded as well. And you keep these separate, because you can’t use one without the other. As you can see, the other one just has random holes placed all over it, as you can see in the background. And then there’s this sheet that goes over it, that’s the template.
What Is included in the Ngrave Zero Three-Tiered Crypto Solution?
That’s where you actually engrave your recovery seed phrase. So this gives you an extra layer of security, you basically keep the template in one location, you keep the actual metal plate location, and they only work when you put them together.
So you obviously need the template to line up the letters and line up the numbers so that you can decode your private key something that is somewhat similar to the CryptoTag Zeus, in effect that you know, you have to puncture different letters and numbers to sort of decode it. But this is the first solution where it actually overlays in a requires two pieces of the puzzle to actually make it work period.
So that’s really interesting to me. And I think it’s a really innovative approach here. So the engrave zero, that’s what they’re calling the actual physical hardware wallet device that you see here.
It comes with a state of the art security chips, true random number generator, anti tampering, it’s basically a very secure device. And ultimately, it’s it’s built in a way where it’s very hard to disassemble, and going through and trying to extract any sort of private keys, the metal solution that we just talked about is called the Ngrave Graphene or Metal recovery seed backup that we talked about made out of stainless steel plates.
You can use that to restore your private key if the hardware wallet device is ever compromised, lost, stolen, anything like that. And it’s designed, as I mentioned, to hold the template, or the sheet where here where you actually engrave it, and then the actual metal sheet in two different locations for added security.
The third solution here in this the three tier solution is the Ngrave Liquid. This is again, this is the mobile app where you actually manage sign the QR codes manage balances. Again, this is similar in effect to the Ellipal Titan, but this is where you’ll manage all your funds, your portfolio, your transactions, this is where you’ll sign on the device on the hardware wallet device itself and vice versa, to be able to send and receive transactions we just sent.
You know just signing the transactions when you do it, you can obviously receive on any QR code that you want. So you know, this is an interesting three tier system. That’s all in one, you know, I’ve always wondered why all these companies are so different. And we need all of these different solutions. You know, it’s sort of fragmented, and we need all these different solutions to really be secure.
So this is really the first company that I’ve seen that is offering a full all in one solution for metal recovery seed backup, having a mobile app dedicated for it, as well as a hardware wallet device, you know, you’ll see sometimes two out of three, but never three out of three, like I’m seeing here. So this is extremely interesting. The Ngrave Zero device itself has a really nice camera. As you can see the form factor looks different and interesting bar.
As I mentioned before, there’s no USBs there’s no networks, it’s completely air gapped. Similar to those other devices. It has the one way QR code communication, which is the safest way to do it. And then offline defenses. Again, this is where the graphene and the metal recovery seed come in.
And just sort of having those different layers of security make it not only easier to use but also more secure for you and your private keys when you’re in possession of them. So this also boasts the most advanced key generation process in the world you know, they have a state-of-the-art TRNG or true random number generator chip allows you to make sure that your private keys are generated in a secure manner.
This also does have a fingerprint sensor. So there is biometric data. This is now the third biometric hardware wallet that I’ve seen today only one of which has made it to market and that’s called the D’CENT Wallet. And if you’re interested in that, I’ll link that down below with a very special discount in partnership with my website Bitcoin in lockup calm, it also has light technology implemented.
So there’s different photon measurements of ambient light that are one of the best enhancers of randomness and strength of your secret key, which is really interesting. Haven’t heard of that before. And then the interaction here, like I mentioned, again, not to beat it with a dead horse, but it is completely offline, which in my opinion, is the most secure way to do it instead of a USB Bluetooth things like that.
You’re going to see what other different hardware wallets you know, I don’t have a referral code or anything for this because there’s just so new, you can come to the website and grave.io and that will actually allow you to join the early bird list and get the best discounts you know if this is something that you’re interested in, as far as the coin support and as far as the actual price of the device, I’m only speculating at this point, they do give a how we compare kind of white paper that goes over the different comparisons between Ledger, Trezor, KeepKey, that kind of a thing.
But I wanted to say here that as far as the price of this device, because it’s an all in one solution, my best guess is this is going to be anywhere between, I would say $250 and $350. us, which is probably pretty fair for the for the amount of security and the amount of quality that you’re getting for all of these solutions built into one. So this is extremely interesting. If that is going to be the price point.
Again, I have no basis for that. I’m just guessing based on the current market right now and similar and comparable products, to kind of give you an idea of what this could cause in terms of the coins support.
They haven’t announced anything almost guarantee you that you’re going to have obviously all of your basic coins are going to have all your ERC 20 tokens, your top market cap coins, your Bitcoin, your Ethereum, your Litecoin, your Bitcoin Cash, your Stellar things of that nature. So ultimately, I don’t have a full point this I will come and do another follow up video once we get more information on this. But I’m assuming it’s going to have all your basic coins, you know, hundreds, if not thousands of ERC 20 tokens, and we’ll see if there’s any unique coins that are going to be supported by this device as time goes on.
Ngrave Zero: Conclusion
So I’m really excited to see how this turns out. Again, this is a really interesting all in one solution. And I’m going to be keeping my eye out on it and be reaching out to the founders to see if I can get a demo of the device and do an unboxing video for you.
I’m gonna go ahead and wrap that up here. If you found any value or you found this interesting in any way, please go ahead and subscribe and leave a comment down below. If you’ve come across or even heard of this hardware wall. Go ahead and comment and let me know where do you found it. I’m very interested to hear about that. I mean I dig and find these things on a regular basis.
So if you’ve already heard about it, you know through a press release or through media or anything like that I’d be interested to hear and then again, if you’re brand new to the channel, I would appreciate if you subscribe if you do like hardware wallet videos, protecting your private keys, ways to earn free Bitcoin and to just implement yourself in a really solid foundation into the crypto ecosystem. I do believe it’s the future, then go ahead and subscribe. I’m going to go ahead and wrap this up here.
What do you think? Is this a hardware wallet you would buy when its available? 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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BC VAULT vs Ledger Nano X (2020) | Are These Hardware Wallets Worth It?
BC VAULT vs Ledger Nano X! In this comparison, we are going to do a head-to-head of two of the most competitive and popular new cryptocurrency hardware wallets in this edition of the hardware wallet roundups.
I am going to dive into which of these hardware wallets is better and more secure. How big is your portfolio? Do you need mobile AND desktop support? Do you use any 3rd party wallets for integration? Do you need web-based access instead of a required download?
These are all questions you will need to consider when deciding which of these wallets will be best for you. At the end of the day, the coin support is one of the most important factors (besides security) when deciding which hardware wallet is best for you.
Ultimately, if it doesn’t support the coins you want to store offline, it won’t work for your particular situation. So keep that in mind as we dive into what I consider to be the most important factors when making such an important decision, such as choosing a cryptocurrency hardware wallet.
Ledger Nano X: Overview
The Nano X comes beautifully packaged with the device itself, a USB-C cable, a set of instructions and recovery seed cards. The previous bulky buttons that were on top of the device are now seamlessly integrated on it in a way that’s even a bit hard to notice. All in all a beautiful design. The primary features of this device are the bluetooth connection which allows you to manage this device using your smartphone via the iOS and Android app.
Additionally, you can now hodl, store, or manage up to 100 cryptos simultaneously, all without access to your desktop or laptop computer. This is easily it’s best new features, but aside from the upgraded storage capacity and the wireless connectivity, the device itself is now larger, has an integrated 2-function button, and an overall larger screen for verifying transactions. With a trusted device and a more universal charging cable, this makes it much more compelling to spend the extra money to store more coins and one that you can easily take with you as you travel.
Ledger Nano X: Security
Ledger is at the forefront of developing the industry’s device security. How? And in what ways?
CC EAL5+ SECURE ELEMENT
Only Ledger’s devices can claim the French cybersecurity agency ANSSI’s full certification.
The Nano X and Nano S both feature what is called a ‘secure element’. The chip seen below is the next generation chip that comes in the Nano X:
The secure chip meets the CC EAL5+ certification and run’s Ledger’s proprietary BOLOS operating system.
A Secure Element is a secure chip that…embeds intrinsic countermeasures against many known attacks. This kind of chip is tamper-resistant and protects your device to a range of different attacks.”
Ledger Nano X: User Experience (UX)
Honestly, the user experience is a massive upgrade from the Ledger Nano S. With that said, It has a few usability issues that I find to be quite difficult to overcome. Although this device is physically larger than it’s predecessor, it still has a fairly difficult to use early experience.
For example, the screen is still fairly small and still cannot accommodate a QR code for scanning. This may not seem like a big deal, but after using several hardware wallets, it really does make a big difference. Using a QR code is not only safer (because it removes the chance of error from manually typing in a wallet address), but it is incredibly faster and makes the entire of transacting offline, a much easier experience.
Although this device has stepped up the quality considerably from it’s latest iteration, I still feel that utilizing an all new form factor could have been beneficial and a little more innovative than replicating their 1st generation device with a few small tweaks.
Ledger Nano X Coin Support
The Ledger Nano X utilizes the “Ledger Live” dashboard which is a desktop application that allows you to manage all of your coins, portfolio, and potential trades in an easy to use application. You can use this on both an iOS or Android app as well as a desktop.
This app allows you to manage up to 1,100 coins that are supported by the device. However, only about 200 of them are “native” apps. This means that you can manage them directly within the Ledger Live app, without having to connect to a 3rd party wallet, such as MyEtherWallet or MyCrypto. I will leave a link HERE with a list of fully supported coins.
BC VAULT: Overview
Unlike most other popular cryptocurrency hardware wallets, like Ledger Nano X and Trezor Model T, you do not set up a recovery seed card before you initialize the device. In fact, there is a gyro sensor for you to randomly generate private keys by physically shaking the device (seriously).
You can also hold more than 2000 unique wallets within the web app, and can granularly set specific passwords for each one and setup multiple PIN’s to not only make it more secure, but also allows for an easy way to share the device and use Multi-Sig. In fact, this is the first device that natively allows you to use Multi-Sig on a per wallet basis and set multiple PIN’s.
This wallet does not use HD wallets, so each wallet has its own unique backup. This does make it more secure, however, if you lose or forget the global PIN and global password for the device, your funds are locked inside forever. They do have an encrypted QR code backup for each individual wallet, or you can create a backup on the included micro SD card that comes in the box.
BC VAULT: Security
The storage is reliable. The BC Vault’s private keys have complete encryption and they are stored in the FRAM device. The FRAM is fully tamper-resistant and thanks to the reversible USB 3.0 Type-C connector any damage occurring from mechanical error is fully prevented.
In addition to the secure FeRAM that is securely encrypted, and the large display which is useful when confirming transactions, you have peace of mind not having to worry about anyone locating or using a recovery seed phrase to render your funds useless.
You can also import any private keys you have elsewhere via the SD card as well, so you can easily interchange private keys from other wallets if you have them in the correct format.
BC VAULT: User Experience (UX)
This wallet has some pretty unique features I will admit, and it’s pretty refreshing. For example, you can use multiple cryptocurrencies at once. There are no “apps” you need to install or fear or worry of running out of space that most wallets have when upgrading the firmware.
Additionally, the amount of coins and wallets that can be used/stored simultaneously is astounding. As mentioned above, you can have up to 2000 unique wallets and can interchange multiple cryptos in multiple wallets.
BC VAULT: Coin Support
This is usually one of the most important factors when deciding on a hardware wallet (with the exception of security). If the wallet doesn’t currently support the coins you need to store offline, you can’t really take it too seriously as a deciding factor for purchase. Regardless of whether or not they claim to add more coins in the future.
Needless to say, they have some unique choices for coin support HERE.
BC VAULT vs Ledger Nano X: Conclusion
Overall, these are two highly regarded hardware wallets with unique properties in its own right. If you want to have the flexibility of being able to use this device on the go and utilize it via a smartphone app, then you should go with the Ledger Nano X. If you want something that has a MASSIVE portfolio support and lots of customizable security, you should go with the BC VAULT.
At the end of the day, it really depends on your personal preference and what your immediate needs are. Now, I have used both of these devices extensively and I have a clear favorite (check out the details in the above video). If I only had to choose one of these devices, I would choose the BC VAULT, it has a very unique and strong security model, it can hold up to 2000 wallets simultaneously, and can support multi-sig, which allows for mutliple users to securely use the same wallet and requires a set number of users in order to send money.
Not only that, you can SECURELY share this device with multiple people as all of these wallets are encrypted and can have multiple custom passwords. I would truly feel confident handing this hardware wallet to my friend with over 10 BTC on it, because I know he will have no way to access the funds within my wallet. I can’t say that about the Ledger Nano X.
All in all, these both are great wallets and you ultimately need to decide what coins you need to store offline, how many coins you need to store at once, and if you need mobile support. These are all very personal, and in my case, I would rather sacrifice the mobile support to have a very easy to use multi-sig hardware wallet with the ability to share it with family, friends, or even a new business.
What do you think? Would you choose the BC Vault over the Ledger Nano X? BC VAULT vs Ledger Nano X! Let us know down below in the comments!
Cheers,
The Crypto Renegade
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