How to Choose a Hardware Wallet
The ultimate guide to understanding how to choose the correct hardware wallet for your needs.
https://medium.com/the-bitcoin-hole/how-to-choose-a-hardware-wallet-c60c623f8697
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You can visit our website and compare more than 50 hardware wallets models.
Silent payments (BIP352) are a type of payment that can be made to a unique onchain address for every payment even though the receiver provided the spender with a reusable (offchain) address. This helps improve privacy.
We added Silent Payment support at our hardware and software wallets comparisons.
Added BitBox Steelwallet to our Seed Backup Solutions comparison.
It's a good practice to not reuse Bitcoin addresses because of privacy and security concerns. When you use a Bitcoin address multiple times, it becomes easier for someone to trace your transaction history and identify your spending habits.
That's why we added new info to our software wallets comparison:
- Support to view the receive address as a text/QR
- Support to display multiple receive address
- Support to input a receive address and verify if it is part of the wallet
- Support to scan a QR with a receive address and verify if it is part of the wallet
Updated the Nodl nodes data on our Bitcoin nodes comparator. Added new Nodl One Mark 2.
Now offering 3% off using the coupon code 'thebitcoinhole'.
How to Choose a Hardware Wallet
The ultimate guide to understanding how to choose the correct hardware wallet for your needs.
https://medium.com/the-bitcoin-hole/how-to-choose-a-hardware-wallet-c60c623f8697
Be careful about hardware wallets manufacturers claiming to be "100% air-gapped" but then requiring to connect their wallets to the USB for firmware upgrades.
Lets, be clear. 100% air-gapped hardware wallets can sign transactions, create/restore a wallet and upgrade the firmware without connecting the device to a cellular network, wifi, Bluetooth, USB, or NFC.
Air-gapped transactions is not enough, wallets need to also offer air-gapped firmware upgrades.
We updated our website to have more correct data.
Simple & Quick Self Custody advice.
1) Pick 3 hardware wallets (from different manufacturers) with the following requirements:
- multi-sig support
- 100% air-gapped
- BTC-only
- at least one with screen
- source available
- support to connect with third-party software wallets
2) Create a 2-of-3 multi-sig and properly backup the private keys and the wallet descriptor.
We can help you to decide which wallets to buy/build: https://thebitcoinhole.com/hardware-wallets
Added nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 to our Software Wallets comparison.
Sovereign individuals urgently need a decentralized Github/Gitlab. nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m
Yes. I agree. This Is something in the middle between custodial and non-custodial.
Yes, that the best approach, used for the other services. But in this case, they use a 2 of 2.
What would be "friendly"?
I would like to hear the opinion of the Bitcoin community.
While I was researching different assisted wallets for The Bitcoin Hole, I came across a case that I'm not sure how to categorize. Here's the scenario:
An assisted wallet, where the owner and the service provider need both to sign a transaction to move the funds. You can think this a 2-of-2 multisig, where the service provider has one key and the owner the other. However you can also implement this with MPC (Multi-Party Computation). The implementation is not the issue.
I define something as "non-custodial" or "self-custodial" when these two conditions are met:
1- The provider can't move the funds without owner's permission.
2- The owner can access its funds without the provider's permission.
In the previous case, condition 1 is satisfied, but condition 2 is not. So, my conclusion is that this assisted wallet can't be categorized as "non-custodial" or "self-custodial".
Some questions I have in my mind:
- Is my conclusion correct?
- Is there any difference between "non-custodial" or "self-custodial"?
- Since the assisted wallet in this case cannot be considered "custodial" (as the provider cannot move the funds without the owner's permission), how should it be categorized?
nostr:npub1yn3hc8jmpj963h0zw49ullrrkkefn7qxf78mj29u7v2mn3yktuasx3mzt0 nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 nostr:npub1gm7tuvr9atc6u7q3gevjfeyfyvmrlul4y67k7u7hcxztz67ceexs078rf6 nostr:npub12aqfngts2xc0z0n47lyfx03p8prhz4kqcel29mukgwydeuatawqqg5dvgy
I am particularly talking about on-chain, I forgot to clarify that.
I would like to hear the opinion of the Bitcoin community.
While I was researching different assisted wallets for The Bitcoin Hole, I came across a case that I'm not sure how to categorize. Here's the scenario:
An assisted wallet, where the owner and the service provider need both to sign a transaction to move the funds. You can think this a 2-of-2 multisig, where the service provider has one key and the owner the other. However you can also implement this with MPC (Multi-Party Computation). The implementation is not the issue.
I define something as "non-custodial" or "self-custodial" when these two conditions are met:
1- The provider can't move the funds without owner's permission.
2- The owner can access its funds without the provider's permission.
In the previous case, condition 1 is satisfied, but condition 2 is not. So, my conclusion is that this assisted wallet can't be categorized as "non-custodial" or "self-custodial".
Some questions I have in my mind:
- Is my conclusion correct?
- Is there any difference between "non-custodial" or "self-custodial"?
- Since the assisted wallet in this case cannot be considered "custodial" (as the provider cannot move the funds without the owner's permission), how should it be categorized?
nostr:npub1yn3hc8jmpj963h0zw49ullrrkkefn7qxf78mj29u7v2mn3yktuasx3mzt0 nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 nostr:npub1gm7tuvr9atc6u7q3gevjfeyfyvmrlul4y67k7u7hcxztz67ceexs078rf6 nostr:npub12aqfngts2xc0z0n47lyfx03p8prhz4kqcel29mukgwydeuatawqqg5dvgy
Now you can see Cypherock Cover in our Bitcoin Inheritance Services comparison.
Awesome, thanks for sharing. P.S nostr:npub1mtd7s63xd85ykv09p7y8wvg754jpsfpplxknh5xr0pu938zf86fqygqxas you can get Passport on Amazon and we do have partial support for Casa (when their side isn't broken).
https://www.amazon.com/Passport-Hardware-Foundation-Airgapped-Rechargeable/dp/B0CRQL8YD3
Thanks. Fixed.