Glad to help. It's certainly doesn't have the polish of some more expensive options, but it does everything it needs to do and the lowest price on the market right now.
The table plus is certainly an improvement over the original tablet, but it's still over double the price of this :) (Though still much cheaper that competition and also reusable) The metal wallet market was always going to be a race to the bottom in terms of price, and I feel like at $24 USD, we have basically hit the bottom... I wouldn't be surprised if vendors like Cobo start bundling one with hardware wallets as standard soon.
Do you have to have a different Seed Phrase for each coin type? Could I use the same Seed for BTC, ETH, and XRP? Ideally, I'd like to have two Cobo's for each seed in unique locations, but this would be way too cumbersome if I needed a new seed for each wallet. Also, can you choose your seed phrase, or is it generated?
No, you have a single seed phrase that backs up all the cryptos on your hardware wallet. You don't choose the seed phrase, this would be insecure, the wallet securely generates it for you.
Great question :) It's stainless steel, not Aluminum, so will not melt in any of the fires that you would find in a normal residential setting. (Nothing short of an industrial fire would cause it to deform, let alone melt)
the word is BASIC, but you can only write BASI on the 4 spaces. how does this work how can you differentiate between BASIC or BASIL ? Can please someone explain?, is there a set of 5 letter words only that you can use?
Some of the BIP39 wordlists (like English) only need the first four letters of each word. You can read about it a bit here: btcrecover.readthedocs.io/en/latest/wordlist_notes/
I am so confused. The column is only made of 4 spaces. You punched 'basic' . Where did the letter 'c' went? Would have been really good to zoom in the plate and punch holes for a worked example. thanks
Basically BIP39 words from the English wordlist are were selected so that the first four letters of each word are unique. (Meaning you only need to back up the first four letters)
@@CryptoGuide ahh thanks very much. So mainly even if your hard wallet shows 4+ letters, what matters in only 4 letters I am assuming to recover my private key
Putting a lock on it may slow someone down but if you ever watched a video on breaking into padlocks it seems like a worthless feature. If you have a basement as cluttered as mine there is always a safe place to store it. If you live in an apartment look into "hiding in plain sight" to avoid discovery and theft.
Out of those three, the cryptosteel capsule is the most flexible and robust. I have full comparisons here cryptoguide.tips/seed-storage-comparisons/ The Cobo tablet punch is also very good, especially for the price.
Will this be a good option to backup my Trezor mnemonic, in case the Trezor fails and I can't get a new trezor (they go out of business etc.) I can still access my coins using this mnemonic alone, independent of any (electronic) hardware wallet correct?
Yep, you can use your seed with other vendors as I demo here: ruclips.net/video/iAdmvl3Z_cM/видео.html or in a software wallet if you are in a hurry ruclips.net/video/34QOUDfQldk/видео.html
Basically the words on the BIP39 word list were selected to be unique based off the first four letters. (See the list here github.com/bitcoin/bips/blob/master/bip-0039/english.txt)
Basically the BIP39 words in some of the dictionaries like English are unique based off the first four characters, do you don't need to record the entire word.
Basically some of the word lists for BIP39 (like English) are designed to be unique based on the first four letters. It also applies to some other lists as explained here btcrecover.readthedocs.io/en/latest/wordlist_notes/
You've found the major downside to this. :) However, if you use a felt tip marker to mark all the words before you punch them... you can verify your marks first, then punch them, then verify the punches.
Perhaps, but the issue with that is whether you still have access to that list in 5-10 years time. I have folk contact me from time to time who have random sets of words (that clearly aren't BIP39) and they simply can't remember what wallet they originated from. (Same applies for when folk apply a DIY scrambling or encoding scheme to other backups... Then promptly forget...)
Yes and no. A lock is mostly useful for those who might be curious, like teenagers, kids, etc, as opposed to a determined attacker. (I can tell you now that sometimes it is the curious, non-malicious person who ends up causing the major breach in information systems...)
It's like you read my mind - was thinking of getting something solid like this but did not know where to start. Thanks!
Glad to help. It's certainly doesn't have the polish of some more expensive options, but it does everything it needs to do and the lowest price on the market right now.
I got the Cobo Tablet Plus a few weeks ago and I love it.
Good to hear :
This was a great review! I am curious as to what the new Cobo Tablet plus looks like. I sure hope they send you one to review :)
The table plus is certainly an improvement over the original tablet, but it's still over double the price of this :) (Though still much cheaper that competition and also reusable)
The metal wallet market was always going to be a race to the bottom in terms of price, and I feel like at $24 USD, we have basically hit the bottom... I wouldn't be surprised if vendors like Cobo start bundling one with hardware wallets as standard soon.
Damn they are sold out! Thanks for your review, I am hoping to pick up a couple! Really like your vids.
Glad that you find them helpful :)
Do you have to have a different Seed Phrase for each coin type? Could I use the same Seed for BTC, ETH, and XRP?
Ideally, I'd like to have two Cobo's for each seed in unique locations, but this would be way too cumbersome if I needed a new seed for each wallet.
Also, can you choose your seed phrase, or is it generated?
No, you have a single seed phrase that backs up all the cryptos on your hardware wallet.
You don't choose the seed phrase, this would be insecure, the wallet securely generates it for you.
dunno... is it fireproof? will it melt
Great question :) It's stainless steel, not Aluminum, so will not melt in any of the fires that you would find in a normal residential setting. (Nothing short of an industrial fire would cause it to deform, let alone melt)
the word is BASIC, but you can only write BASI on the 4 spaces. how does this work how can you differentiate between BASIC or BASIL ? Can please someone explain?, is there a set of 5 letter words only that you can use?
Some of the BIP39 wordlists (like English) only need the first four letters of each word. You can read about it a bit here: btcrecover.readthedocs.io/en/latest/wordlist_notes/
I am so confused. The column is only made of 4 spaces. You punched 'basic' . Where did the letter 'c' went? Would have been really good to zoom in the plate and punch holes for a worked example. thanks
Basically BIP39 words from the English wordlist are were selected so that the first four letters of each word are unique. (Meaning you only need to back up the first four letters)
@@CryptoGuide ahh thanks very much. So mainly even if your hard wallet shows 4+ letters, what matters in only 4 letters I am assuming to recover my private key
That's right
Putting a lock on it may slow someone down but if you ever watched a video on breaking into padlocks it seems like a worthless feature. If you have a basement as cluttered as mine there is always a safe place to store it. If you live in an apartment look into "hiding in plain sight" to avoid discovery and theft.
Yea locks are just a deterrent, if living in a shared space then Smartcards like Seedkeeper are the way to go ;)
Hi ,which one is the best?Cobo Tablet?Cryptosteel Capsule or Cassette?
Out of those three, the cryptosteel capsule is the most flexible and robust. I have full comparisons here cryptoguide.tips/seed-storage-comparisons/
The Cobo tablet punch is also very good, especially for the price.
@@CryptoGuide thanks for the reply and answer :D
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Will this be a good option to backup my Trezor mnemonic, in case the Trezor fails and I can't get a new trezor (they go out of business etc.)
I can still access my coins using this mnemonic alone, independent of any (electronic) hardware wallet correct?
Yep, you can use your seed with other vendors as I demo here: ruclips.net/video/iAdmvl3Z_cM/видео.html or in a software wallet if you are in a hurry ruclips.net/video/34QOUDfQldk/видео.html
Can you explain for noob why you only need to record the first 4 letters of each word when your seed phrase contains words longer than that?
Basically the words on the BIP39 word list were selected to be unique based off the first four letters. (See the list here github.com/bitcoin/bips/blob/master/bip-0039/english.txt)
Yes I was going to ask the same. I am not very good at scrabble so I don't want to have to try to guess that last letter lol
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Are the lines, letters and numbers engraved or printed?
They are bonded on. So not printed, bit also not engraved.
which is the cheapest metal seed backup wallet ??
This one seems to be the cheapest option on the market. (That comes with all the tools required to use it)
why basi??? What about the c??? I dont understand that :(
Basically the BIP39 words in some of the dictionaries like English are unique based off the first four characters, do you don't need to record the entire word.
@@CryptoGuide so all you need is 4 letters for each word? For ANY 24 worded private keys?
Generally yes, but it depends on the language the mnemonic used, more info here: btcrecover.readthedocs.io/en/latest/wordlist_notes/
@@CryptoGuide does it apply to Ledger generated private keys?
Yep, it's a BIP39 thing and Ledger follows the BIP39 standards very well.
not sure why is this superior to Onekey Keytag other than the price
Price is a big factor, not needing to encode the seed is also nice.
I don’t understand why you only need first 4 letters? 🙏🏻
Basically some of the word lists for BIP39 (like English) are designed to be unique based on the first four letters.
It also applies to some other lists as explained here
btcrecover.readthedocs.io/en/latest/wordlist_notes/
I messed up on the first word lmao #pain
:(
You've found the major downside to this. :)
However, if you use a felt tip marker to mark all the words before you punch them... you can verify your marks first, then punch them, then verify the punches.
@@pilotboba ahh good idea! thank you appreciate that will do that next time 🙏
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Much easier would be having columns with digit corresponding to words list downloaded from github
Perhaps, but the issue with that is whether you still have access to that list in 5-10 years time. I have folk contact me from time to time who have random sets of words (that clearly aren't BIP39) and they simply can't remember what wallet they originated from. (Same applies for when folk apply a DIY scrambling or encoding scheme to other backups... Then promptly forget...)
@@CryptoGuide Agree.but sometimes simplicity is the right way..
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so we have to unscramble each word, geez I hope I'm not too old to figure it out when I go to cash out LOL
At least you have the first four letters and it isn't encoded in any way that requires additional documentation.
By the looks of it any lock would just be a false sense of security. Anyone who really wanted to could easily bypass it.
Yes and no. A lock is mostly useful for those who might be curious, like teenagers, kids, etc, as opposed to a determined attacker. (I can tell you now that sometimes it is the curious, non-malicious person who ends up causing the major breach in information systems...)
Then you hide the key to the lock and can't find it 😆
Locks come off pretty easily with the right tools, mostly to stop kids tampering with it ;)
@@CryptoGuide
I know, I'm just having a laugh. (Although I'm probably the only one laughing)
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