@@RhettReismanbig fan of the Jade wallet especially its fully air-gapped SeedQR mode. Also, really like the SeedSigner. Very similar to the Jade except it has a micro SD port.
How secure do you think Coldcard is when used with USB? I think airgapping makes it more annoying for a lot of people to use and a lot of people will be kept away from it for that reason.
Good point. IMO airgapping is more trouble than it’s worth (and overkill for 99.9% of users). Coldcard via USB is fine. If you’re that worried about security I think creating a multisig is going to be safer anyway.
Which one would work best for a collaborative custody multisig situation, for a Bitcoin only holder? Also, is coldcard with usbc still considered complex to use? Or is it just the sd element that makes it difficult?
Coldcard with usbc is definitely less complicated but you still need to use Sparrow wallet / some other open source wallet software to do your transactions - wouldn’t recommend it to a beginner over ledger or trezor. Maybe you could use trezor, coldcard, collaborative key Or Trezor, software wallet, collaborative key Depending on your collaborative custody setup
Would you suggest the Ellipal Titan? holds more tokens than the keystone. I'm debating between the two & really in need of a hardware wallet. Please let me know
I've only ever used these 4 wallets, but if they don't support some token that you absolutely need to store, you could try it. IMO that's a reason why holding super obscure altcoins is a bad idea.
Hi Rhett, Going through your presentations , all great videos mate. Looking to get off the Binance network.. I still want to hold a few Alts so was looking at the Keystone Essential for this even tho you say Pro version im just one who likes the idea of the air gap. Added to this... Im interested in actually using my coins to purchase when i travel... What im looking for is a cold place to store and the ability to spend via a tap card or draw funds or use when im away instead of normal banking. Sorry to ask so much but trying to keep up with all this integration whilst running a business is hard.
All good man, it's definitely a lot to take in. It sounds like a Keystone would be right for you for cold storage. As far as cards that work with tap, I recently did a tutorial with the TAPSIGNER (a bitcoin only NFC enabled hardware wallet). I wouldn't keep all my funds on a TAPSIGNER, but it is an interesting option going forward, if point of sales systems start to broadly accept bitcoin for payments. Tutorial here: ruclips.net/video/RkGyNpLGEEY/видео.html
I still have the Ledger Nano S. I think i heard it right that the firmware update is not possible on this device. I do not like to see Ledgers recent moves but i would love to use the S still. Would you say the Nano S is still a very good/secure hardware wallet? ….I’ve noticed that Ledger stoped selling the Nano S and at the same time brought out the recovery feature🤔
I really like the nano s and still use mine. Biggest issue I’ve seen with it is it is unable to send large numbers (100+) of UTXOs when used with certain software which can be difficult for Bitcoin fee optimization. I think it’s an issue with the amount of memory on the device. If you already have one I’d just keep using it
I have a nano s also and for some reason it lets me send xrp off to an exchange but when I try to move xlm off to an exchange id gives me a red circle warning says certificate expired ? Anyone know what that means Do I need an updated ? I have never updated since I have had it for years . Also I cannot get onto my manager section when live on the internet ledger to try to update So how am I going to move my xlm off the ledger s now since it won’t let me do anything with it The phone app says I have 3000 more xlm then what the computer says Strange? Can I buy a new ledger to get my xlm or do I have have to use the nano s I have now
What are your thoughts on the Ngrave wallet? It is a premium wallet by cost, it is air gapped, the interface is app based. Ngrave seems maybe a middle ground, meaning air gapping but easier to use for intermediate users than say the Cold card or Keystone.
I don't undestand what you mean by institutional account sorry. If you're a business that needs an institutional account you should probably talk to a lawyer/accountant to determine what your best custody solution would be.
well the one % r putting theirs in institutionl bussiness accounts & then passing laws against those do not have them(well in the USA) so we need to learn how to set one up like they r @@RhettReisman
Hey Rhett, I appreciate you taking the time to create this video. Although I am not a beginner or a pro, I do have a couple questions for you. 1. If I order the MK4 and accessories on coinkite, does the SD card come with the adapter case to plug into my computer? 2. Since the code for mk4 is open source, I would be able to see if any future firmware updates are malicious? I've been seeing people argue on twitter that the mk4 cold card is not open source, just viewable. What is the difference and what is your opinion?
1. No, the sd card is just a microSD card you would need an SD to microSD adapter to use it with most computers. 2. That’s right. Hopefully someone would catch malicious firmware when it was released if it was released. That being said, it relies on the community recognizing malicious firmware when it is shipped. All new firmware releases carry some small risk. The MK4 code is technically not open source it is openly verifiable. It was previously open source until other companies (notably the Foundation Passport device) stole the CC code and used it to sell their device. Coinkite responded by making the firmware verifiable but not open source (so no other companies could steal it and produce similar devices). I think the argument is a little goofy. Coinkite is doing everything in their power to provide secure software to the community and protect their business interests which I think is totally fine.
There is no secure element chip in a trezor device. If you have access to the physical device and it doesn’t have a passphrase you can hack it with like $20 of equipment there are tutorials online
Hi Rhett, more great information! Thanks for always informing me and the rest of the community! QUESTION: I have a Ledger Nano X and given the recent events regarding Ledger, I want to migrate to a different wallet using Sparrow. I am only interested in buying BTC. What is the best way for me to move forward? If I buy a Coldcard MK4, is it okay to connect it to the computer via USB? Is it worth actually getting the extra battery, cables and SD card? Or what about Trezor T? Which would you recommend? I'm an intermediate level user, I think. Thanks!
Hey Michael glad to help :) If you’re just interested in bitcoin I’d probably go for a coldcard mk4 and just use it with the usbc cable in the computer (not airgapped) with sparrow wallet (or electrum whatever you like better). I personally don’t think the airgapping is worth the hassle for most people.
Trusting Ledger is a mistake. The entire point of a hardware wallet is that your keys never touch the internet. That's what makes it a cold wallet. Ledger building key extraction over the internet into their wallets means their wallets aren't truly cold anymore. It adds risk. Ledger is the only company that put key extraction firmware on their wallets. Choose something else.
Ledger never shipped the firmware. Firmware updates have always been capable of this. Ledger is still a great option for the 90%+ of crypto holders who are keeping their coins on exchange at Binance or another centralized exchange.
Yes, Ledger did ship the firmware, then they temporarily pulled it. Also, there's a huge difference between a wallet being capable of seed extraction and the manufacturer writing the code for seed extraction. Any car can crash. That's different from a carmaker writing firmware to make the car aim for oncoming traffic. If you stick with Ledger, that's fine. Your security is up to you. Ledger lost my trust.
@blancindividuel I agree that ledger lost the trust of people. I haven’t seen release notes or any documentation that the firmware was ever released. I don’t understand the analogy. Malicious firmware is possible on any hardware device - especially those with closed source implementations. Ledger is still an upgrade for the 95% of crypto users (most of the audience of these videos) using Binance and other CEX for storage.
Very new to Bitcoin - what do you think of Bitbox wallet? I really like your presentations and your clear explanations! Thanks!
Bitbox seems great, but I've never used it
Another bitcoin only guide with more options like jade and foundation would be cool 😁
Not interested in foundation - they stole the coldcard source code and use it in their devices. I’ll check out jade at some point
@@RhettReismanbig fan of the Jade wallet especially its fully air-gapped SeedQR mode. Also, really like the SeedSigner. Very similar to the Jade except it has a micro SD port.
The KSP has BTC only firmware as well
Good call out.
IMO if you’re using an airgapped wallet and you want BTC only might as well go with coldcard
How secure do you think Coldcard is when used with USB? I think airgapping makes it more annoying for a lot of people to use and a lot of people will be kept away from it for that reason.
Good point. IMO airgapping is more trouble than it’s worth (and overkill for 99.9% of users). Coldcard via USB is fine. If you’re that worried about security I think creating a multisig is going to be safer anyway.
Which one would work best for a collaborative custody multisig situation, for a Bitcoin only holder?
Also, is coldcard with usbc still considered complex to use? Or is it just the sd element that makes it difficult?
Coldcard with usbc is definitely less complicated but you still need to use Sparrow wallet / some other open source wallet software to do your transactions - wouldn’t recommend it to a beginner over ledger or trezor.
Maybe you could use trezor, coldcard, collaborative key
Or
Trezor, software wallet, collaborative key
Depending on your collaborative custody setup
Would you suggest the Ellipal Titan? holds more tokens than the keystone. I'm debating between the two & really in need of a hardware wallet. Please let me know
I've only ever used these 4 wallets, but if they don't support some token that you absolutely need to store, you could try it.
IMO that's a reason why holding super obscure altcoins is a bad idea.
Hi Rhett,
Going through your presentations , all great videos mate.
Looking to get off the Binance network.. I still want to hold a few Alts so was looking at the Keystone Essential for this even tho you say Pro version im just one who likes the idea of the air gap.
Added to this... Im interested in actually using my coins to purchase when i travel... What im looking for is a cold place to store and the ability to spend via a tap card or draw funds or use when im away instead of normal banking.
Sorry to ask so much but trying to keep up with all this integration whilst running a business is hard.
All good man, it's definitely a lot to take in. It sounds like a Keystone would be right for you for cold storage. As far as cards that work with tap, I recently did a tutorial with the TAPSIGNER (a bitcoin only NFC enabled hardware wallet).
I wouldn't keep all my funds on a TAPSIGNER, but it is an interesting option going forward, if point of sales systems start to broadly accept bitcoin for payments.
Tutorial here: ruclips.net/video/RkGyNpLGEEY/видео.html
I still have the Ledger Nano S. I think i heard it right that the firmware update is not possible on this device. I do not like to see Ledgers recent moves but i would love to use the S still. Would you say the Nano S is still a very good/secure hardware wallet?
….I’ve noticed that Ledger stoped selling the Nano S and at the same time brought out the recovery feature🤔
I really like the nano s and still use mine.
Biggest issue I’ve seen with it is it is unable to send large numbers (100+) of UTXOs when used with certain software which can be difficult for Bitcoin fee optimization. I think it’s an issue with the amount of memory on the device.
If you already have one I’d just keep using it
I have a nano s also and for some reason it lets me send xrp off to an exchange but when I try to move xlm off to an exchange id gives me a red circle warning says certificate expired ?
Anyone know what that means
Do I need an updated ?
I have never updated since I have had it for years .
Also I cannot get onto my manager section when live on the internet ledger to try to update
So how am I going to move my xlm off the ledger s now since it won’t let me do anything with it
The phone app says I have 3000 more xlm then what the computer says
Strange?
Can I buy a new ledger to get my xlm or do I have have to use the nano s I have now
Also, what are your thoughts on the blockstream Jade?
Haven’t used it before. Think it’s probably a fine alternative to a coldcard. Planning to check it out at some point :)
@@RhettReisman Nice! Looking forward to it.
Hope to see a video on the coinjoin feature for the Trezor model t
I'll add it to the list for 2024 :)
@@RhettReisman awesome. Happy new year. I’ll be waiting!
What are your thoughts on the Ngrave wallet? It is a premium wallet by cost, it is air gapped, the interface is app based. Ngrave seems maybe a middle ground, meaning air gapping but easier to use for intermediate users than say the Cold card or Keystone.
Seems like a good option - I haven’t used it before, but looks like it has a secure element and verifiable source code
Just curious. Do you have your Multisig still with Casa?
Downgraded it to gold
Did you do a ledger stax review
They never released it, I preordered it like 1+ years ago :(
with the laws that r being passed we will need an institutional account. how do we do that?
I don't undestand what you mean by institutional account sorry. If you're a business that needs an institutional account you should probably talk to a lawyer/accountant to determine what your best custody solution would be.
well the one % r putting theirs in institutionl bussiness accounts & then passing laws against those do not have them(well in the USA) so we need to learn how to set one up like they r
@@RhettReisman
Hey Rhett,
I appreciate you taking the time to create this video. Although I am not a beginner or a pro, I do have a couple questions for you.
1. If I order the MK4 and accessories on coinkite, does the SD card come with the adapter case to plug into my computer?
2. Since the code for mk4 is open source, I would be able to see if any future firmware updates are malicious?
I've been seeing people argue on twitter that the mk4 cold card is not open source, just viewable. What is the difference and what is your opinion?
1. No, the sd card is just a microSD card you would need an SD to microSD adapter to use it with most computers.
2. That’s right. Hopefully someone would catch malicious firmware when it was released if it was released. That being said, it relies on the community recognizing malicious firmware when it is shipped. All new firmware releases carry some small risk.
The MK4 code is technically not open source it is openly verifiable. It was previously open source until other companies (notably the Foundation Passport device) stole the CC code and used it to sell their device. Coinkite responded by making the firmware verifiable but not open source (so no other companies could steal it and produce similar devices).
I think the argument is a little goofy. Coinkite is doing everything in their power to provide secure software to the community and protect their business interests which I think is totally fine.
@@RhettReisman Awesome that is good stuff to know! Thanks for replying you earned yourself a new subscriber. 🤙
Glad to help, let me know if there’s ever anything you want me to make content about :)
@@RhettReisman If you haven't already, you should make a video on how to properly store bitcoin on an offline USB flash drive using sparrow wallet.
Why do you Trezor doesn’t have security elements? They’re also open-source just like ColdCard, etc.
There is no secure element chip in a trezor device. If you have access to the physical device and it doesn’t have a passphrase you can hack it with like $20 of equipment there are tutorials online
@@RhettReisman ah… makes more sense. Thanks!
And OneKey Touch? I consider that device.
Never heard of it
Hi Rhett, more great information! Thanks for always informing me and the rest of the community! QUESTION: I have a Ledger Nano X and given the recent events regarding Ledger, I want to migrate to a different wallet using Sparrow. I am only interested in buying BTC. What is the best way for me to move forward? If I buy a Coldcard MK4, is it okay to connect it to the computer via USB? Is it worth actually getting the extra battery, cables and SD card? Or what about Trezor T? Which would you recommend? I'm an intermediate level user, I think. Thanks!
Hey Michael glad to help :)
If you’re just interested in bitcoin I’d probably go for a coldcard mk4 and just use it with the usbc cable in the computer (not airgapped) with sparrow wallet (or electrum whatever you like better). I personally don’t think the airgapping is worth the hassle for most people.
@@RhettReisman Hey Rhett, thanks for your reply! Very helpful! Keep up the good work on your channel! Your content is very informative!
Anytime man thanks for the kind words 🙏
Seedsigner is better than coldcard
“Better” is meaningless there are just different trade offs.
Trusting Ledger is a mistake. The entire point of a hardware wallet is that your keys never touch the internet. That's what makes it a cold wallet. Ledger building key extraction over the internet into their wallets means their wallets aren't truly cold anymore. It adds risk. Ledger is the only company that put key extraction firmware on their wallets. Choose something else.
Ledger never shipped the firmware. Firmware updates have always been capable of this. Ledger is still a great option for the 90%+ of crypto holders who are keeping their coins on exchange at Binance or another centralized exchange.
Yes, Ledger did ship the firmware, then they temporarily pulled it. Also, there's a huge difference between a wallet being capable of seed extraction and the manufacturer writing the code for seed extraction. Any car can crash. That's different from a carmaker writing firmware to make the car aim for oncoming traffic. If you stick with Ledger, that's fine. Your security is up to you. Ledger lost my trust.
@blancindividuel I agree that ledger lost the trust of people. I haven’t seen release notes or any documentation that the firmware was ever released. I don’t understand the analogy. Malicious firmware is possible on any hardware device - especially those with closed source implementations.
Ledger is still an upgrade for the 95% of crypto users (most of the audience of these videos) using Binance and other CEX for storage.
Key extraction is also possible with trezor : shamir secret backup
Hello from Australia, nice name, that is all😝
We need to stick together 👊 😂
I store crypto in a cryptocurrency wallet that is in the Utopia ecosystem.
Not sure what that is 🤔
Cost is irrelevant if the security isnt there. To save a few hundered dollars but loose thousands doesnt make logical sense.
Security is also a trade off. All these devices are more secure (and harder to use) vs keeping your coins on exchange.
I wouldn’t be caught DEAD with a cold card.
Damn 🦫 why?
Hi keystone pro is the best for me
Great device