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D’CENT vs SafePal (2020) | Which Wireless Hardware Wallet Is Better?
D’CENT vs SafePal! 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 bluetooth 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 a such an important decision, such as choosing a cryptocurrency hardware wallet.
SafePal: Overview
This device was originally created by Binance Labs division and wanted to have a unique approach to a hardware wallet that was cheap enough for the average user, but also supported the Binance chain and added support for their internal projects. This really is a unique entry level hardware wallet, that greatly differs in terms of design, functionality, and overall user experience.
SafePal: Security
This can be considered one of the most attractive features of the device as it’s only $39.99 for this hardware wallet. Yes, you read that right. But why is it so cheap? Well, even though it looks like a very sleek and expensive device, its is made of plastic coating and a very small camera module that is used to transact at a very low resolution.l It’s obvious that they built this as cheaply as they could, while still remaining secure.
This is not necessarily a bad thing, but you also get what you pay for. One of the key features that sets this device apart from most other competing hardware wallets is the fact that there is NO:
- NFC
- BLUETOOTH
- USB
- CELLULAR
- EXTERNAL DEVICE CONNECTIONS
This gives it extra security, but it also makes it easier to use, as there are no extra devices necessary for this to operate, other than your smartphone. All you need right out of the box is a charger that supports USB-A to charge the device and a smartphone to download the Safepal App to setup and initialize the device.
SafePal: User Experience (UX)
This is the cheapest completely wireless hardware wallet on the market. It interacts only with your smartphone and the camera embedded into the device that allows you to transmit encrypted data via the QR code. This is truly a unique device.
This is a pretty solid introductory hardware wallet. It’s unique from it’s direct competitors and its simple and easy to use. As mentioned above, it has no connection weaknesses and cannot be hacked by any radio frequency or directly connected internet device. It’s truly a unique wireless hardware wallet that can be used on the go and is one of only a few hardware wallets that are “truly wireless” with no dependence on other devices. Oh, and did I mentioned it’s under $40?
SafePal: Coin Support
This is the one weak point of this product is the lack of coin support, as it only supports: Bitcoin, Ether (and ERC-20 Tokens), BNB, Litecoin, Dash, and Bitcoin Cash, DigiByte (DGB), NEO, and Zcash (ZEC) . However, they have mentioned that there is Ripple (XRP) and Tron (TRX) coming very shortly. They truly are attempting to add more coins, and over time, if they don’t raise their price, this option will be a slam dunk for most users.
Additionally, I will add that the Binance Chain Coins (BEP2) tokens are also supported as this is a Binance hardware wallet after all. Below Is a full list of coins currently supported.
D’CENT: Overview
The D’CENT is a mobile and bluetooth connected wireless hardware wallet device. With additional biometric security and the ease of use, this is a contender for the easiest to use mobile and wireless wallet. So how is it different than Ledger Nano X or other bluetooth devices? The Biometric security is a large differentiator here. It’s super convenient and makes it easy to sign and authenticate transactions on the go.
This means if you want to move your crypto from cold storage to a hot wallet, it can be done quickly and easily. A common scenario here would be if you are trying to pay a friend or you’re shopping and want to pay for a product in store very seamlessly. Let’s take a look at the security, features, and price below to go into a little more detail.
D’CENT: Security
The flagship feature of D’CENT is hands down the biometric security feature of the fingerprint sensor. There are some other hardware wallets that communicate with mobile, and can utilize Face ID or Touch ID for extra authentication with their mobile app, but this gives your authentication on the physical device as well. This is a unique and very secure feature that is not used by any other hardware wallet currently on the market.
The hardware wallet features a built-in fingerprint scanner that manages access to the hardware wallet. This security process improves the convenience for the users and enhances the security during access control. It also provides the wallet with fast transaction signing.
- Multi-IC architecture design
- Bank grade EAL 5+ Secure Element (This is the same security chip used in the Ledger Nano X)
- Secure OS embedded on microprocessor
D’CENT: User Experience (UX)
One of the main features I like here is the option to generate a valid QR code on the large OLED screen of this device as a way to send funds directly from your smartphone to your D’CENT wallet. This is super convenient and truly makes this a wireless and independent device that can be used on the go via the D’CENT app, which also includes a market price section and of course all of your wallets and current fiat amount stored within each one.
What’s also nice is you no longer need to backup and restore this device for firmware upgrades like you do with other devices (although you can, since this device can also support bluetooth and USB connectivity if you choose). This makes this a very convenient choice when considering the ease of use and security when choosing how to secure your private keys.
D’CENT: Coin Support
The coin support is varied. The D’CENT can store and support Bitcoin, Ethereum, ERC20 tokens, RSK, RRC20 (RSK tokens), Ripple (XRP), and MONACOIN. To many, this may not seem like it is very much, however, a majority of the major tokens are ERC-20 tokens and all can be supported natively on this device, which is good. I have not come across a hardware wallet yet that supports RSK and RRC20 tokens yet natively, so that definitely makes this an exclusive hardware wallet first for the D’CENT wallet!
D’CENT vs SafePal: Conclusion
Overall, these are two of the most interesting wallets out there. On the one hand, the SafePal is embracing the QR code level security of an entry level wallet, but is lacking in its overall coin support. I do expect this to change over time and expand their offerings as they begin to gain market share.
On the other hand, the D’CENT is the only hardware wallet that offers biometric securirty (by use of your thumbprint) as an extra layer of security for signing and authorizing transactions. This is nice in knowing that no one can process any transactions, even if they know your password and/or PIN code.
The D’CENT is also lacking (in comparison to other mainstream hardware wallets) in terms of coin support, but supports the RSK chain (Bitcoin Side-Chain) that is unique to this wallet and will still support all the main coins you get on every other hardware wallet.
At the end of the day, I would go with the SafePal. It’s currently under $40 and has air-gapped technology and is a completely wireless device that doesn’t require you to connect to a computer to manage your crypto assets. That’s not to say the D’CENT is bad, I just would rather spend less and get what some could construe as a better security model, even though its current coin support leaves much to be desired.
What do you think? Would you choose the D’CENT over the SafePal? 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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SafePal vs BC VAULT (2020) | Which Wallet Is More Secure?
SafePal vs BC VAULT! 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.
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.
SafePal: Overview
This device was originally created by Binance Labs division and wanted to have a unique approach to a hardware wallet that was cheap enough for the average user, but also supported the Binance chain and added support for their internal projects. This really is a unique entry level hardware wallet, that greatly differs in terms of design, functionality, and overall user experience.
SafePal: Security
This can be considered one of the most attractive features of the device as it’s only $39.99 for this hardware wallet. Yes, you read that right. But why is it so cheap? Well, even though it looks like a very sleek and expensive device, its is made of plastic coating and a very small camera module that is used to transact at a very low resolution.l It’s obvious that they built this as cheaply as they could, while still remaining secure.
This is not necessarily a bad thing, but you also get what you pay for. One of the key features that sets this device apart from most other competing hardware wallets is the fact that there is NO:
- NFC
- BLUETOOTH
- USB
- CELLULAR
- EXTERNAL DEVICE CONNECTIONS
This gives it extra security, but it also makes it easier to use, as there are no extra devices necessary for this to operate, other than your smartphone. All you need right out of the box is a charger that supports USB-A to charge the device and a smartphone to download the Safepal App to setup and initialize the device.
SafePal: User Experience (UX)
This is the cheapest completely wireless hardware wallet on the market. It interacts only with your smartphone and the camera embedded into the device that allows you to transmit encrypted data via the QR code. This is truly a unique device.
This is a pretty solid introductory hardware wallet. It’s unique from it’s direct competitors and its simple and easy to use. As mentioned above, it has no connection weaknesses and cannot be hacked by any radio frequency or directly connected internet device. It’s truly a unique wireless hardware wallet that can be used on the go and is one of only a few hardware wallets that are “truly wireless” with no dependence on other devices. Oh, and did I mentioned it’s under $40?
SafePal: Coin Support
This is the one weak point of this product is the lack of coin support, as it only supports: Bitcoin, Ether (and ERC-20 Tokens), BNB, Litecoin, Dash, and Bitcoin Cash. However, they have mentioned that there is Ripple (XRP) and Tron (TRX) coming very shortly. They truly are attempting to add more coins, and over time, if they don’t raise their price, this option will be a slam dunk for most users.
Additionally, I will add that the Binance Chain Coins (BEP2) tokens are also supported as this is a Binance hardware wallet after all. Below Is a full list of coins currently supported.
SafePal vs BC VAULT: Conclusion
Overall, these are two very unique wallets at two ends of the spectrum in terms of quality, price, and overall usability. On the one hand, the SafePal is an entry level device which you can get for under $40 and is completely air-gapped and wireless. It doesn’t hold that many coins yet, but it will slowly add more coin support over time.
The BC VAULT is more of an advanced user wallet, that not only supports multiple wallets, but can securely share wallets with multi-sig and also securely share it among family and friends. This is a very robust wallet offering and the easiest one to use with multi-sig, which is inherently more secure.
You can’t really go wrong with either of these wallets, but I would have to say the BC VAULT is going to be my choice here. It holds hundreds of more coins and have a very easy to use UI. Yes, this is NOT a wireless device, but its robust security features and vast coin support easily make up for its usability factor. I absolutely feel that this device is going to allow me to securely store all of my private keys offline, especially with shared wallets.
What do you think? Would you choose the BC VAULT over the D’CENT Wallet? 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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Secux V20 vs Ledger Nano X (2020) | Does Ledger Have Some Bluetooth Competition?
Secux V20 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 bluetooth 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.
Secux V20: Overview
After unboxing and looking at the SecuX V20 device, I was pleasantly surprised that the overall quality and screen size was much larger than other mid-tier devices in this price range, such as the Ledger Nano X and the Trezor Model T. Now, those devices are classic and original devices, but they are tiny and made of a somewhat flimsy, plastic form-factor.
This device has a beautiful brushed aluminum reinforced hardware wallet. It has a clean flat display and the back has a durable padding rubber-like backing that is built for abuse and stability. I would have no qualms with dropping this device as it’s built very solidly and feels heavy in your hand, unlike their entry-level devices. The SecuX V20 has only one MicroUSB port and one button for activating the device and for 2FA.
The SecuX V20 device is the only one with a unique form factor and octagon design that is very sleek and very durable. This device is connected by bluetooth! That means it has wireless support and can be managed with full functionality by the SecuX app for iOS and Android. It also has a USB cable, so it can be managed online with a web wallet as well, hence, why it’s considered a “Cross-Platform” device.
The unique and notable coins that are natively supported on these devices is Groestlcoin (GRS) and Ripple (XRP). Not many hardware wallets support these coins natively, however, almost all hardware wallets support an array of ERC-20 tokens and your main-stream coins, like BTC and ETH.
Secux V20: Security
The SecuX V20 is placed with a CC EAL 5+ Certified Security Element (SE) which always ensures that stored private keys, as well as the device PIN code, are perfectly protected against any form of attack. Other significant security features include:
- Pre-installed tamper-resistant firmware as well as an upgrade system
- Physical confirmation for every transaction
- A one-time password or custom PIN code for controlling device access or the wallet apps
- Anti-tamper packaging
- Randomized digital keyboard for preventing consequences of keystrokes
Also, the wallet complies with the BIP32, BIP39 and BIP44 standards which allow the user to generate passwords of 12, 18 and 24 words for funds recovery.
Secux V20: User Experience (UX)
The picture below showcases the key features of this device, is the “Cross-Platform Support”, which means it can be managed via desktop, laptop, and mobile. Now, as I mentioned this device CAN conduct transactions via the mobile app, but also the Secux W20 can too, as they are bluetooth enabled.
This truly is one of the first multiple platform devices that you can manage on the big desktop screen, as well as wirelessly on the go. It has a 600mAH battery which can be charged from an empty battery within 30 minutes on the second charge
Secux V20: Coin Support
This is usually the most important factor when considering the hardware that you choose. This top-tier wallet from SecuX has support for the following coins as of this writing: BTC, ETH, XRP, BCH, GRS and LTC. It also supports all ERC-20 tokens as well.
Luckily, they update the firmware frequently and they plan on adding more coins as well in the near future. If you are new to “HODLing” and you do not need any specific coins outside of these top market cap coins and ERC-20 Ethereum-based tokens to start, then this is a good option.
Secux V20 vs Ledger Nano X: Conclusion
Overall, the SecuX V20 is a robust, and very secure wallet. For the price point, features and capabilities, the only thing that is comparable is the Ledger Nano X, which is also a bluetooth and wireless crypto wallet using the same security chip.
With the Ledger Nano X, it comes in a little cheaper at $119, and it also allows you to hold 100 apps (or different cryptocurrencies simultaneously), but it comes in a cheap and somewhat flimsy plastic enclosure that has a very tiny screen. Personally, I prefer a larger display and I’ve used almost all (if not all) hardware wallets out there, and confirming the address you’re sending to is MUCH easier to do on a large, bright, full color display. Additionally, this device has QR code support, which makes it easier when sending funds from a mobile wallet directly to your hardware wallet.
The one thing I did NOT like about the SecuX V20 is the lack of coin support with only 6 coins supported natively, and a handful of more coins to be supported in the future. If you plan on only “HODLing” the top 5 market-cap coins and perhaps a few ERC-20 tokens, I would probably say this is a better option and has a much cleaner and larger display for managing and verifying transactions.
With my discount, (Code: BITCOINLOCKUP), it will take the price to around $134 and free shipping. When compared to other entry level wallets, you can’t beat the sturdiness and large screen (which is more important than you think), when managing your assets offline.
What do you think? Would you choose the Secux V20 over the Ledger Nano X? 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.
