E-commerce giant Shopify, which also sells cold cryptocurrency wallets, is facing a lawsuit from Ledger users. Cold wallets are physical devices that help increase the security of storing crypto assets. The suit was filed in U.S. District Court in Delaware on April 1 and alleges that Shopify “repeatedly and seriously failed to protect the identity of its customers.”

Also Read: Nuvei Partners with Ledger to Offer Direct Crypto On-Ramp for Millions of Users

Details of the lawsuit

Shopify and its third-party data consultant TaskUS are fully responsible for the leakage of users’ personal data (PII). According to the plaintiffs, Shopify and TaskUS knew about the leak and hid this information for a week.

At the moment, the prosecution is demanding disclosure of the type of data loss and financial compensation for physical and moral damages. The complaint stated:

Despite the repeated promises and worldwide advertising campaign touting unmatched security for its customers, Ledger—and its data processing vendors, Shopify and TaskUs—repeatedly and profoundly failed to protect its customers’ identities, causing targeted attacks on thousands of customers’ crypto-assets and causing Class members to receive far less security than they thought they had purchased with their Ledger Wallets.

Ledger reportedly initially denied leaking customers’ personal data, but soon admitted to compromising PII. Ledger used Shopify to launch its online store. As a result of this symbiosis, TaskUS and Shopify gained access to Ledger customers’ personal information.

Hackers were reportedly able to steal personal information from about 272,000 Ledger customers, and more than a million email addresses of Ledger newsletter subscribers, resulting in a global phishing campaign.

Trezor is investigating a massive data breach

Another manufacturer of cold wallets has been linked to allegations of leaking customers’ personal data. The Trezor hardware wallet team reported a leak of customers’ personal data on the side of the MailChimp platform, through which the company conducts marketing newsletters. Attackers used user information in a phishing attack. Trezor customers received an e-mail requiring them to update their devices’ software. The emails came from Trezor.us (while the official domain of trezor.io). Trezor representatives wrote;

MailChimp have confirmed that their service has been compromised by an insider targeting crypto companies.We have managed to take the phishing domain offline. We are trying to determine how many email addresses have been affected.

Trezor refused to send marketing emails until the situation was resolved. Users were advised not to open emails supposedly sent on behalf of the company.

We will not be communicating by newsletter until the situation is resolved.
Do not open any emails appearing to come from Trezor until further notice. Please ensure you are using anonymous email addresses for bitcoin-related activity. 2/

— Trezor (@Trezor) April 3, 2022

Der Beitrag Are hardware wallets still safe? Trezor phishing attempt and Ledger facing lawsuit over massive data breach signal danger erschien zuerst auf Crypto News Flash.

Rappers have been known to flaunt their wealth every chance they get, from their high-end apparel and jewelry to their luxury sports cars. But one rapper from California is doing it differently, showing off his $30 million Bitcoin stash in his recent music video – or is he?

Keenon Dequan Ray Jackson, known to his fans as YG, released the music video to his song ‘Scared Money’ featuring J. Cole and Moneybagg Yo, and while the video was well-received critically, it was a short stint in the video that got the attention of the crypto faithful.

YG is seen holding a Ledger hardware wallet and later displaying the balance on his phone as $30, 670,570 worth of Bitcoin.

There are those who believe that YG really does hold the BTC. The 32-year-old rapper from Long Beach California is a long-time Bitcoin fan and he has claimed in interviews that he’s been holding the crypto for over three years.

In one such interview last year. he claimed that he loves Bitcoin because it’s quite easy to invest in, unlike other assets such as real estate.

He told RollingStone magazine, “I f*ck with Bitcoin […] I got Ethereum recently and I got Dogecoin recently but I’ve had Bitcoin for about three years […] Bitcoin came around and it was like ‘what?’ and I can just do it and it turns into that?”

Three years prior to mid-last year, Bitcoin was trading at about $7,500.

There are others who believe that the image was fake and that YG was just trying to attract the buzz that comes with crypto. After all, the song is about “Scared money don’t make no money,” and goes into investing, hanging jewelry worth half a million dollars around his neck and ‘balling.’

“It is fake because that isn’t even the layout of the ledger app,” one Redditor observes while another claims, “The chance of all these ending at 0 and the cents ending in .00 is incredibly low. This is obviously fake.”

And then there are those who accuse YG of being used to advertise Ledger. The French crypto hardware wallet maker even interacted with YG on Twitter, acknowledging the product placement.

We see you! ? @YG knows how to secure those bags of #bitcoin … not your keys, no your coins.

— Ledger (@Ledger) February 11, 2022

Der Beitrag A $30M flex or cunning advertising – the hip-hop video causing a major buzz in crypto circles erschien zuerst auf Crypto News Flash.

In June 2020, an unauthorized third party accessed Ledger’s e-commerce and marketing database through an API key. According to the company, 1 million email addresses of its customers were exposed. A further investigation disclosed that a subset of 9,500 ledger hardware wallet users was affected. Some of the data exposed include first names, last names, phone numbers, ordered products, and postal addresses. 

In December 2020, data of 272,853 persons who purchased a Ledger hardware wallet were published on a hacking forum called RaidForums. Since then, the affected users have received a series of fake emails with malicious links meant to steal their 24-word recovery phrases.

The most recent campaign targeted at Ledger users and confirmed by the company is the mailing of fake ledger devices to users to steal their cryptos. These devices are enclosed in an authentic-looking package with a ledger logo. The box is wrapped as if it has never been opened, and contains a tampered ledger wallet and a fake letter. The letter directs customers or users to replace their existing hardware wallets to secure their funds. 

The scammers, citing a 2020 hack of the @Ledger user database, are sending out new devices. The attackers claim that these new devices are designed to protect Ledger users from the consequences of hacking.

Be careful!https://t.co/tTjsPuZxh1 pic.twitter.com/5DyToHPZYZ

— ICO Drops (@ICODrops) June 18, 2021

A flash drive implant has been connected to the printed circuit board which contains a file with a fake Ledger live app. The nano box has an instruction that asks users to connect the device to their computer. It then asks them to open a drive and run the fake Ledger live app. 

Now comes the trick

Users are asked to enter their 24-word recovery phrase in the fake ledger live app to initialize the device. The scammers get access to the phrase and use it to generate the private keys, import the wallet and access the stored crypto. 

A Ledger Nano is not a USB device. It does not contain any application to download and install on your computer. The only way to download the Ledger Live app is by using the official download page.

Comparing the printed circuit board of both the fake and the real ledger reveals that the former has been modified. A security researcher and offensive USB cable or implant expert Mike Grover confirmed to Bleepingcomputer that there is a flash drive strapped onto the ledger to serve as a malware delivery. According to him, the fake ledger could be an “off-the-shelf mini flash drive removed from its casing”. However, it is difficult to judge if it is just a storage device since all of the components are on the other side. 

Be suspicious of receiving a free Ledger hardware wallet

An update on the ledger website reveals that the phishing campaign has been ongoing since December 2020. Users were initially tricked into downloading a fake ledger live app with the claim that the site has been breached. In January 2021, users were asked to click on a malicious link to confirm whether they attempted to connect to their device. The scammers have continuously updated their techniques to steal cryptos from users. 

Ledger chief information security officer Matt Johnson has said that the company is aware of the current campaign, and has added it to their list of ongoing malicious campaigns listed on their site.

You should be suspicious of receiving a free product in the mail that you didn’t order and check Ledger’s official channels or contact the Ledger support team.

Der Beitrag Ledger hardware wallet users targeted in latest phishing campaign erschien zuerst auf Crypto News Flash.

A class action lawsuit has been filed against Ledger and Shopify. Both are being sued by Edward Baton and John Chu, and other victims of an attack that resulted in the theft of the personal information of more than 270,000 users.

The lawsuit was filed on April 6 of this year, while the attack spanned for nearly a year. Initiated in the middle of last year, the attackers allegedly used a phishing scheme to steal Ledger and Shopify customer information.

With more than 500,000 active stores on its online platform, and 1 million subscribing businesses worldwide, Shopify is one of the top 3 e-commerce platforms. Similarly, Ledger is one of the most recognized wallet providers in the crypto space.

Does Ledger have security issues?

According to the document, the data was extracted by employees of the referenced platforms who used phishing scams to take fake identities. The data was then allegedly sold on the black market. The plaintiffs accuse Ledger of failing to “act responsibly” and proceeding negligently.

Plaintiffs Baton and Chu are estimated to have lost more than $300,000 in Bitcoin, Ethereum and Monero. They are therefore seeking compensation and injunctive relief. The document states:

Ledgers and Shopify’s misconduct has made targets of Ledger customers, with their identities known or available to every hacker in the world. Ledger’s persistently deficient response compounded the harm. In failing to individually notify every affected customer or admit to the full scope of the breach.

Among other allegations, the lawsuit states that Ledger and Shopify failed to inform those affected of the situation. Ledger had suffered loss of information such as the email, address, full name and other sensitive data.

On July 29, 2020, the crypto wallet service provider made a publication to address data breaches in the e-commerce and marketing sector. There, Ledger claims to have received a report of a “possible” data breach that was remediated.

The company acknowledged that a third party gained access to a portion of their database. At that time, they took the step of making the Ledger Live application the primary interface for all customers to prevent future data breaches.

Earlier this year, Ledger made another post to update their customers on the “efforts” they were taking to protect their data. For example, they made changes to the way they handled user information. The company promised not to keep any information and to delete all personal data of its customers.

Der Beitrag Hardware wallet maker Ledger sued over data breach “cover-up” erschien zuerst auf Crypto News Flash.

Top crypto wallet manufacturer Ledger could face a class-action suit as users fear that their personal information might get leaked.

Over the weekend, Gal Alan, a researcher at network security firm Hudson Rock, confirmed that a hacker who broke into Ledger’s systems earlier this year has begun dumping the stolen information online.

Ledger’s Users are Acutely Vulnerable

As Alan’s tweet revealed, the hackers managed to get their hands on 1,075,382 Email addresses from customers who had subscribed to Ledger’s newsletter service.

They also stole 272,853 hardware wallet orders that contained information like physical addresses, phone numbers, and Email addresses. The data was published on RaidForms, a marketplace for exchanging stolen information.

Explaining the hack’s implications, Alan pointed out that most people who use Ledger tend to have vast amounts in crypto holdings.

With their details out, they can be subjected to large-scale physical and online harassment.
Information gotten from attacks like these can be used for several purposes. Hackers could decide to sell the data to companies, use them in phishing attacks, or engage in identity theft. The hack in question might not have threatened users’ funds, but the possible aftermaths very well could.

Affected users tired of the talk

In its response, Ledger posited that the information dump was related to a data breach in June. Ledger only acknowledged the hack a month later, explaining in a blog post that a researcher participating in its bounty program had notified it of the potential vulnerability.

While they managed to fix the problem, additional investigations found that an unauthorized third party had made similar actions in June.

The hacker reportedly used an API key to access Ledger’s e-commerce and marketing database, which the firm used to send promotional Emails. Ledger confirmed that the breach affected the Emails of almost a million users.

It added that details such as first and last names, phone numbers, and postal addresses for about 9,500 customers were also exposed.

Following the news of the hack, several Ledger users complained of being targets in several phishing campaigns. Some added that they had gotten convincing Emails asking them to download updates to their wallet applications. The wallet manufacturer explained:

We are continuously working with law enforcement to prosecute hackers and stop these scammers. We have taken down more than 170 phishing websites since the original breach.

Users soon got antsy and began threatening legal action. While Ledger can strengthen its security protocols, the damage appears done. Users’ data has been leaked, and there’s every chance that some might fall for expertly-crafted phishing scams.

Der Beitrag Ledger users threaten lawsuit as hackers dump stolen information online erschien zuerst auf Crypto News Flash.

Kirobo, the blockchain startup that introduced a retrievable transfer feature for Bitcoin, has now successfully completed integration for transactions on the Trezor One.

As part of Kirobo’s mission to help the estimated 18% of cryptocurrency users who have lost funds through sending errors, its “logic layer” solution acts as an additional verification step. It requires senders to add passcodes to their transfers that must be matched by the intended recipient before funds are released. The solution protects balances until the correct recipient enters a matching code, before which the transaction can still be canceled and retrieved. The whole process is non-custodial, and Kirobo never has any access to the funds.

Multiple hardware wallet support

Kirobo’s retrievable transfer feature was already live with Ledger hardware wallet support for Bitcoin transactions. Trezor users are now able to take advantage of this additional security measure, initially using the Trezor One, with Trezor Model T, as well as KeepKey and CoolWallet support coming soon.

Commenting on Trezor One logic layer support for Bitcoin transactions, Kirobo CEO Asaf Naim said: “Finally, after hundreds of requests and our team’s invested efforts, the undo button for Bitcoin transaction is finally available to Trezor users.”

To access the undo button functionality, the process for Trezor One and Ledger users is as simple as accessing the Kirobo Web Wallet, connecting your hardware device, and following the instructions to add a passcode to your transaction.

Not just for Bitcoin transactions

Kirobo is not only keen to expand support across other hardware wallets but for additional cryptocurrencies too. With a logic layer for Ethereum already developed and soon to be launched, plans are also in place to build out undo buttons for EOS, Tron, Litecoin, Cardano, NEO, and Libra blockchain transactions.

Kirobo’s focus has also turned toward liquidity staking as a solution to reduce transaction fees and improve platform accessibility. Kirobo presents a unique incentive structure to reward early stakers, ensuring that as the liquidity pool grows, the staking limit decreases. This structure means future stakers cannot stake as many tokens as early adopters.

However, to limit attempts to dominate token rewards, Kirobo has developed “whale-proof” staking to restrict staked liquidity to a maximum amount of 7 ETH per wallet. Asaf Naim commented that “It is important for us to avoid the currency being controlled by large holders. To that end, we have created a system for whale-proof staking. This limits the maximum staking to 7 ETH per wallet, to incentivize anyone who wants to participate and thus achieve a broad distribution of KIRO tokens.”

The KIRO liquidity rewards program will also run over 12 months to ensure steady platform development and reduced volatility. Discussing the program, Asaf Naim said: “We expect more Kirobo liquidity rewards programs to follow across other pools that we might create, especially in relation to Kirobo’s defi product, which will be announced separately soon.”

KIRO will get distributed as a reward to liquidity providers for the KIRO/ETH Pool on Uniswap V2.

Der Beitrag Kirobo’s Bitcoin undo button now available to Trezor users erschien zuerst auf Crypto News Flash.

On the other hand, hardware walls offer you the best possible security to protect your cryptocurrencies from hackers, thefts and other crooks. In the following, we introduce you to various hardware wallets and also show you our test winner.

What is a hardware wallet?

A hardware wallet is a wallet for your cryptocurrencies such as Bitcoin, Ether, XRP or Litecoin that stores your private key easily and securely on an external storage medium such as a USB stick. Hardware wallets have the following advantages over desktop or mobile wallets on mobile phones:

• Your private keys are secure at all times and cannot be read by software or viruses, as your hardware wallet is never connected to the Internet.
• Each transaction must be manually confirmed by a person via the respective device (Ledger, Trezor or KeepKey) so that abuse is effectively prevented.
• The software is open source, so that all updates and innovations can always be tracked and checked.
• Your coins are protected from hacking on exchanges and exchanges as they are stored safely on your hardware wallet and not on the Bitcoin wallets from Binance or Bitfinex. To date, no hardware wallet has been robbed.
• Most hardware wallets can manage many cryptocurrencies.
• Hardware Wallets offer significantly greater security than Desktop or hardware wallets at a often very low price – the acquisition costs are worth the hardware wallet investment in any case!

Practical hardware wallet Test: How we tested every product

The list of hardware wallets is long and there are always new competitors on the market. This makes it all the more difficult to maintain an overview and acquire a high-quality hardware wallet. That’s why we’ve put the work into it and put the most famous hardware wallets through their paces to make your hardware wallet purchase decision easier.

The following criteria are evaluated in our purchase guide:

• price-performance ratio
• Security and all available related measures such as 2-factor authentication.
• Available Coins
• customer support
• user interface

Ledger Hardware Wallet Nano S: Cheap but secure

From the French manufacturer Ledger there are different hardware wallets to buy in different price ranges and functional range. The all-round model that we use ourselves is the Ledger Nano S hardware wallet.

It offers an extensive protection, at a really very good price of not even 59 euros. In the following we will introduce you to the wallet and show you which cryptocurrencies are supported. We will also show you step-by-step how to use the Ledger Nano models in detail.

The Ledger Nano S supports more than 1,100 cryptocurrencies. These include Bitcoin, Ethereum, Ripple (XRP), Litecoin, Monero and almost all coins in the top 100 by market capitalisation. A complete list can be found at this link (takes you to Ledger’s official homepage).

Your Private Keys are optimally protected on the Ledger Nano S and protected from any hackers and phishing attacks. The wallet is protected by a PIN code, which is stored on a security chip that is also used for your identity card. There is also Ledger’s own operating system “BOLOS”, which has been tested by several renowned security companies and classified as absolutely secure.

The hardware wallet Ledger Nano S is compatible with the following operating systems:

• 64-bit desktop computer with Windows 8+,
• MacOS 10.8+,
• Linux without ARM processors
• Also compatible with Android 7+ smartphones

To connect the Nano S to your desktop or smartphone, you will need the software provided by Ledger. On the Ledger Nano S a kind of “App” must be installed for each cryptocurrency, so that this can be deposited on the Wallet and dispatched. The Nano S offers storage space for a total of 5 apps, so that 5 cryptocurrencies can be managed simultaneously.

However, this does not mean that you can store more than 5 cryptocurrencies on it. If you want to manage a digital currency other than the 5 already installed, simply remove an app, e.g. for Monero, and then install the Dash App. This works completely problem-free and fast. No security vulnerabilities occur here either.

The Ledger Nano S offers an almost unbeatable price-performance ratio and offers an incredibly high level of safety. In addition, it has been checked by several third parties for possible weaknesses and has even received a safety certificate. If you don’t want to spend a lot of money and still want to buy a hack-proof hardware wallet, then you should go for the Ledger Nano S. Here you can read our detailed Ledger Nano S Test (click link!).

>> Buy Ledger Nano S directly from Ledger <<

Ledger Nano X: Moderate price, but huge range of functions

Ledger introduced a new model, the Ledger Nano X, in May 2019. This hardware wallet is the company’s new flagship. The price of 119€ is clearly above the Ledger Nano S, but the new model offers far more functions.

The Nano X is slightly larger than the Nano S and some details in the design of the wallet have changed. The buttons of the hardware wallet are now located on the back and feel much better and have a better grip than on the previous model.

Another innovation is that the Nano X has a Bluetooth function. This Bluetooth connection is encrypted, so no hacker in the world can steal your assets. This means that you can easily and securely manage your Bitcoin and Ethereum via Bluetooth with your mobile phone.

As with the Nano S, you must manually confirm each transaction at the touch of a button. No matter whether you connect the Nano X to your computer (by the way, you can also communicate with your PC via Bluetooth) or to your smartphone, the connection is double- and triple-secured. The software “Ledger Live” allows a very simple and safe operation on your desktop PC or laptop.

Furthermore, it has significantly more storage space and allows the administration of more than 100 cryptocurrencies at the same time. So the Ledger Nano X offers enough storage space to manage each of your favorite currencies safely and reliably on the Nano X at the same time.

Of course as many cryptocurrencies, 1,100 pieces, are supported as with the predecessor model. The wallet is compatible with these operating systems:

• 64-bit desktop computer with Windows 8+,
• MacOS 10.8+,
• Linux, each without ARM processors,
• Smartphones with iOS 9+ or Android 7+

The body of the Nano X is much better than its predecessor and the possibility to operate the ledger via Bluetooth is a great feature that we don’t want to miss anymore. Also the administration of more than 100 cryptocurrencies at the same time is a great progress. Before it was sometimes exhausting to uninstall the different apps on the ledger just because I wanted to use a different cryptocurrency. In our opinion, this is the greatest improvement over the predecessor model.

That’s why we can definitely say that the Ledger Nano X is worth every cent! If your budget allows it and you are fluctuating between the cheaper version Nano S and the Nano X, then we would definitely choose the Nano X variant.

If you want to read our detailed Ledger Nano X review, click on this link (you’ll get directly to the review and our manual). At the moment there is a discount campaign directly at the manufacturer, where a Ledger Nano S and a Ledger Nano X can be bought at a price of 149€. This means a saving of more than 50% on the Nano S Ledger.

>> Buy Ledger Nano X directly from Ledger <<

Ledger Nano Blue: Hardware wallet with Touchscreen

The Ledger Blue is the most expensive model from Ledger and currently costs 279.99€. This price is among other things due to the built-in color touch display, which ensures unbeatable ease of use. In addition, the Blue model is slightly larger and heavier.

Unfortunately only 11 cryptocurrencies can be managed on the Ledger Blue at the same time. Another disadvantage compared to the Nano S and Nano X is the smaller amount of cryptocurrencies that can be stored on the Ledger Blue. The Ledger Blue has a safety chip that is also built into the other models and meets the highest safety standards.

Furthermore, the wallet is also operated via the “Ledger Live” software and therefore offers a similar interface. The following operating systems are supported:

• 64-bit Windows (8+),
• 64-bit Mac OS (10.8+),
• 64-bit Linux

You will also need to purchase a USB cable to connect it to your computer. The price for this cable is 15€.

For all touch screen enthusiasts, the Ledger Blue can be a good choice, as the safety and ease of use are really strong. Nevertheless, we would rather fall back on the Nano X model with regard to our purse, because here clearly more cryptocurrencies can be administered at the same time (up to 100 pieces) and the price is significantly cheaper with 119€.

That’s just our opinion. You’ll probably still get along very well with the Ledger Blue and appreciate its ease of use once you’ve used it.

>> Buy Ledger Blue directly from Ledger <<

Trezor One: Great price and strong security

Just like Ledger, Trezor also offers different hardware wallets at different prices and with different functionality. The Trezor One is the cheaper version that has been on the market for several years and currently costs 69€ directly from the manufacturer. The Trezor One’s body and case are of high quality and the keys feel handy and stable. A USB connection cable is included in the scope of delivery.

Trezor One supports more than 1,000 different cryptocurrencies, all of which can be used either directly or through a third-party app. All cryptocurrencies of the Top 100 are supported, with the exception of the following digital assets:

• Ripple (XRP)
• Cardano (ADA)
• Monero (XMR)
• Tezos (XTZ)
• Zencash (ZEN)
• Metadium (META)

Often you need to use a third-party app to send your coins easily and securely to Trezor One. A complete list of all supported coins and apps can be found here (click on this link to go to the official Trezor site).

Trezor is currently expanding the scope of its own software “Trezor Bridge” significantly, so that only its own software can be used and the use of third-party vendors is a thing of the past. This is the only major disadvantage compared to Ledger’s models.

Trezor Bridge’s user interface is really clear and intuitive. The operation is excellent and without any major problems. Here we would like to emphasize the fast and effective customer support. We contacted him because we weren’t quite sure how some of the functions worked in detail. We were helped energetically and very well-founded.

Your private keys are stored on the Trezor and are therefore not vulnerable to hackers or other phishing systems present on the Internet. Overall we are very satisfied with the Trezor One and the price is really excellent. The security is strong at all times, so your coins are in good hands all around.

You can find our detailed Trezor One review by clicking on this link.

>> Buy Trezor One on Amazon <<

Trezor Model T: The new hardware wallet of Trezor

Just like the Ledger Blue, the new Trezor Model T has a colour touch screen that provides a great user experience and allows you to work comfortably and quickly. The price is currently around 149€ and thus significantly higher than the predecessor model.

The biggest difference is the touch display, compared to the predecessor model. The PIN and passphrase can be entered directly via the Model T and no longer via your computer or smartphone. This provides much better security, as phishing programs cannot access your Trezor and are therefore completely safe from hackers.

The model will soon be able to be used with a MicroSD card. Developers can then install bottomloaders manually. The Model T supports significantly more cryptocurrencies which can be managed directly with the help of the company’s own software “Trezor Bridge”. A total of 1,064 cryptocurrencies can currently be stored and controlled with the Trezor Model T.

Setup is child’s play and operation is also child’s play. Trezor has certainly done a good job at this point. Overall Trezor presents a compact and reliable product at a strong price. The touch screen works reliably and ensures great operation. If you have any questions, the customer support will help you very quickly and reliably, definitely an important purchase criterion.

Somewhat unfortunate is that some cryptocurrencies still require the use of third-party software. We are very satisfied with the Trezor Model T and can definitely recommend it. If you want to read our detailed review of the Trezor Model T, click on this link (you’ll get directly to the Trezor Model T Review).

>> Buy Trezor Model T on Amazon <<

Opendime Bitcoin hardware wallet

The Opendime Bitcoin hardware wallet is a special wallet that works like a USB stick and can be passed on as “cash”. The dimensions of the stick correspond to those of a normal USB stick, which fits into every small trouser pocket. Furthermore, the price for three Opendime Bitcoin Wallets is currently 37.50€.

The wallet supports only one currency so far: Bitcoin. According to statement of the manufacturer further cryptocurrencies will not follow such as Ether or XRP. Unlike conventional wallets, the private key for a sealed stick is not known to anyone, but is only assigned when the wallet is set up on the computer. To actually release the private key, a piece of the stick must be physically broken out.

Therefore the Opendime Stick can easily be passed on to other people. This gives them easy access to the available credit. This is both positive and negative. If the stick is stolen or lost, the Bitcoins cannot be accessed anymore, a total loss so to speak.

On the other hand, a simple “physical handover” can be used to forward large quantities of Bitcoin, completely anonymously and at no cost and with a trace left in the blockchain. If you are looking for a hardware wallet where you can store multiple cryptocurrencies, you should use Ledger or Trezor models.

You should also be aware that you cannot assign a PIN or recovery seed to restore your wallet in an emergency. The Bitcoin Opendime Stick is suitable for people who are looking for a USB stick with which they can easily, quickly and anonymously share their Bitcoins.

The Opendime Stick fulfils its actual function comprehensively and reliably. Operation is simple and safe. If you are looking for a wallet for exactly this purpose, then the Opendime hardware wallet is just right for you. You can find our detailed Opendime Bitcoin Wallet review under this link.

>> Buy Bitcoin Opendime Stick on Amazon <<

Digital BitBox Hardware Wallet / Bitbox

The Digital Box hardware wallet, now renamed Bitbox, was developed in Switzerland and currently costs 44€. The wallet is the size of a USB stick and has an unobtrusive body. Thus it remains largely unrecognised by the public and uninteresting for possible thieves.

The wallet only supports three cryptocurrencies so far: Bitcoin, Ethereum and Litecoin. The manufacturer refers on his website to the fact that only Coins are offered, which are also actively further developed. The Bitbox has a connection for a MicroSD card. Backups can be made directly via the desktop app. This process is completely encrypted and safe from hackers and phishing attacks.

Furthermore, the desktop app offers 2-factor authentication to ensure maximum security. The Bitbox has no physical buttons that can be used to manually confirm transactions. This operation is released a small touch screen on the front. By manually touching this item, transactions can be confirmed, the device reset or firmware updates installed.

Bitbox relies on open source software whose documentation can be traced at any time. Furthermore updates are delivered regularly. At the moment there is already the Bitbox 01 to buy, the Bitbox 02, the successor, is still in development.

This should then carry invisible buttons, which are operated via gesture control. This sounds really innovative and is not yet available on the market in this mode of operation. Of course we will have to wait and see how good or bad the Bitbox 02 will be in practice. Overall we are completely satisfied with the Bitbox 01. The hardware wallet works reliably and has never been hacked before. You can find our detailed test report about the Digitalbox/Bitbox 01 here.

Furthermore there are all the important functions we expect from a hardware wallet. That includes:

• 2-factor authentication
• The possibility to restore the wallet
• Clear and intuitive operation
• Unobtrusive design

>> Buy Bitcoin BitBox on Amazon <<

ELLIPAL Cold Wallet: Hardware Wallet with Touch Display and Camera

The ELLIPAL Hardware Wallet is bigger and heavier than normal hardware wallets we have presented so far. The wallet is available in different ways to buy, the cheapest price is currently $ 149. The ELLIPAL Wallet has a 4 inch color touch display and is nearly the size of a Samsung Galaxy S4 Mini.

Furthermore, the device has a 5 megapixel camera with auto focus. Whether we really need these features for the storage of cryptocurrencies remains to be seen. Currently the following cryptocurrencies are supported:

Source: https://www.ellipal.com/pages/hardwarewallet-new

A total of 23 crypto currencies and all ERC20, TRC20 and TRC10 tokens are supported: BTC, XRP, ETH, XLM, USDT, LTC, DASH, EOS, ETC, DOGE, BTG, DGB, BTX, BCD, DCR, XZC, GRS, BCH, TRX, CMT, SMART, ECA, BNB.

Many more are currently under development. That’s what these coins belong to:

Source: ttps://www.ellipal.com/pages/hardwarewallet-new

The manufacturer guarantees regular updates, which are available for download once a month. New crypto currencies are delivered, which can be stored on the hardware wallet.

The value of the device is very high and it lies well in the hand. On the website of the manufacturer there is the possibility to order a metal case for the wallet to protect it from external influences. The software used by Ellipal to store your cryptocurrency is very simple and clearly arranged. We really like the interface very much.

The wallet can be operated via the ELLIPAL App with the help of your mobile phone. This means that a laptop or computer does not necessarily have to be available in order to be able to use the wallet to the full extent. We are really pleasantly surprised by this wallet and find the operation as well as the various application possibilities very good. Nevertheless, every user must decide for himself whether he needs such a large device that he also has a camera.

The secure storage of Bitcoin, ETH and XRP works wonderfully and super easy. The ELLIPAL Cold Wallet does this job safely and reliably. Take a look at our detailed test report of the ELLIPAL hardware wallet.

>> Buy ELLIPAL on Amazon <<

General information about hardware wallets

Set up the hardware wallet: First Steps

In order to avoid cheating and to ensure that your coins are stolen prematurely, you should follow these steps when purchasing and using your hardware wallet:

1. Order only from reputable suppliers. Either directly at the manufacturer (our recommendation) or check the respective seller data on Amazon, Ebay or wherever you order.
2. When you receive the hardware wallet, take a close look at the packaging. Is the package shrink-wrapped and also bears all the necessary seals that the manufacturer normally uses? If even the slightest damage can be seen on the packaging or the foil has been opened, do not use the hardware wallet under any circumstances but exchange it!
3. Follow the manufacturer’s initial setup instructions carefully. Write down all important passwords, seeds and PIN’s as they secure your assets in case of emergency. Take all clues seriously, especially for the safekeeping of your PIN’s or seeds. You should also keep your hardware wallet in a safe place (preferably a safe).
4. Even if it has already been mentioned in point 3, make a note of your Seed OFFLINE on a sheet of paper and do not save it in a text file on your PC. Files can become victims of a phishing attack. You’d just be playing into the hands of the hackers.
5. If you have followed the instructions given by Ledger, Trezor or your manufacturer to set up your hardware wallet, you should now be in the user interface of your wallet. Please always make sure that you enter the correct addresses when sending and receiving your coins. It’s best to double-check and triple-check them.

If you follow these steps, you can use your hardware wallet easily and safely. Also make sure that you install new updates regularly as they fix old vulnerabilities.

With every manufacturer there are further subtleties, which you must consider when handling your hardware wallet. In each Hardware Wallet Review we show you in detail what you have to pay attention to.

How secure are Bitcoin, Ethereum and XRP on your hardware wallet?

Hardware wallets are currently the most secure way to store your cryptocurrencies. More secure than desktop and smartphone wallets and much safer than keeping your coins on a exchange. Your assets are effectively protected from hackers and other attacks or malware. You eliminate these risk factors completely, because your coins are not stored on a exchange.

Nevertheless, it must be said at this point that even hardware wallets do not offer 100% security. There is no protection for every imaginable situation. Nevertheless, the use of a hardware wallet is the best solution and offers the highest security standard. Above all, you’re not protected from misuse. All transactions are one-way transactions. This means that once a transfer has been made, it cannot be undone.

Errors can occur here, for example, if you send your coins to an incorrect recipient address. In this case, your valuable cryptocurrencies are lost. Therefore, take a basic look at the operation of hardware wallets and read the detailed tutorials of the manufacturers carefully.

What should I do in case of hardware wallet theft?

What’s really important don’t panic. Even if your hardware wallet has been stolen or lost, there are still positive messages. The thieves can only access your cryptocurrencies if they know the PIN you assigned when you first set it up. The manufacturer ledger deletes the credits if the PIN is incorrectly entered three times in a row.

With the hardware wallet Trezor the time increases step by step, after each wrong input of the PIN, until you can try this step again. All in all, modern hardware wallets have many security mechanisms that protect your digital assets even if you have lost your wallet.

However, it is very important that you do not lose your seed (a sequence of 24 words that you also wrote on a secure piece of paper when you first set it up). This will allow the thieves to restore your account and access your coins.

So be very careful that your seed does not fall into the wrong hands and is kept in a safe place. If your hardware wallet has been stolen, you can still access your credit with your Seed. Therefore you have to get a new hardware wallet from the same manufacturer and reactivate it with your seed.

Then you have full access to your cryptocurrencies and can send them to a new wallet, then you are on the safe side.

Backup and restore your hardware wallet

If your hardware wallet is stolen or it has a defect, then you can restore your wallet relatively easily, shown here as an example at Ledger Blue. However, for this you need your seed, which you wrote down when you first set up your hardware wallet.

By using your Recovery Seed, you can restore the Private Keys you need to activate a new ledger. The following video shows you how fast and easy this process works in practice.

Can all hardware wallets store the same cryptocurrencies?

Here there are big differences between the models. The manufacturer Ledger and Trezor each support up to 1,000 different digital currencies, whereby there are differences in the simplicity of operation.

With Ledger, a large part of the cryptocurrencies can be stored directly on the hardware wallet without the use of a third party app, such as myetherwallet.com. Trezor, on the other hand, requires the support of a number of third-party apps so that all digital currencies can be easily stored.

Nevertheless, both hardware wallet producers support a large number of important cryptocurrencies. You can find out which these are in detail in our detailed test reports on the respective products.

Buy hardware wallet: Amazon, Ebay or directly from the manufacturer

Even though Amazon and Ebay are 100% reputable and reliable as a platform, the merchants that appear there should always be checked. Therefore it is best to buy directly from the manufacturer, also on Amazon and Ebay. This means that you must make sure that the seller is on Amazon Ledger or Trezor itself. This can simply be checked under a point below the respective product.

Furthermore, it is worth reading product reviews if a third party sells the Ledger Nano S or a Trezor. This is a good way to detect possible fraudsters at an early stage. The same applies to Ebay, of course. Here, too, the sellers, including their valuations, should be examined.

But the safest way is to buy directly from the manufacturer on the official websites ledger.fr or trezor.io. You can be 100% sure that the products have not been counterfeited or otherwise manipulated to steal your cryptocurrencies. Regardless of which supplier you order from, the packaging and the respective security seals are always checked. This protects you from nasty surprises and losses of your digital assets.

The products have to travel a long distance by post, which can damage the hardware wallets. So take your time and thoroughly check the packaging and the devices in detail – it’s worth it!

If you enjoyed this post and found it helpful, we would appreciate a positive review!

Der Beitrag Hardware wallet review 2019: The best hardware wallets in comparison, test & evaluation, including step-by-step guide erschien zuerst auf Crypto News Flash.

The French manufacturer presented its new flagship, the Ledger Nano X, in May 2019. With the new Nano X, Ledger promises the “next generation of hardware wallets” and a “game changer for crypto investors all over the world”.

We’ve tested the Ledger Nano X and tell you if it’s really worth buying (even if you already own a Nano S). We will also show you how the new hardware wallet from Ledger works and is set up.

Comparison of the Ledger Nano S with the Ledger Nano X

The French manufacturer lists four differences as to why the Ledger Nano X represents a new generation of hardware wallets compared to the Nano S. The Nano X is a new generation of hardware wallets. From our point of view, these four points are groundbreaking innovations and updates that justify the purchase of the new device, even if you already own a Ledger Nano S.

❶ Bluetooth connection: The new Ledger Nano X offers you the possibility to manage cryptocurrencies on all popular smartphones via a Bluetooth connection together with the Ledger Live App. The technical basis for this is an integrated Bluetooth chip that enables wireless connection. The Bluetooth connection is safety-certified. Your Private Keys will not be transferred.

❷ Significantly more memory: Compared to the Ledger Nano S, the internal memory has been significantly increased. With the Ledger Nano X you can now manage up to 100 different cryptocurrencies at the same time. This eliminates the hassle of uninstalling and installing apps (the Ledger Nano S could only manage 5 apps at a time). The Ledger Nano X supports more than 1,100 cryptocurrencies. This is much more than any other hardware wallet (e.g. Trezor or the Digital Box).

❸ Larger screen: Ledger has enlarged not only the memory of the Nano X, but also the screen. This makes it possible to display addresses completely, so that scrolling, like with the Ledger Nano S, is no longer necessary.

❹ Improved security chip: The central component of the hardware wallet has been revised and certified by the French cyber security authority ANSSI (Agence nationale de la sécurité des systèmes d’information).

Ledger Nano X: Price comparison and buy online

The price for the Ledger Nano X is currently 119 Euro (June 2019). Compared to other wallets, the price is in the midfield. There are definitely more expensive hardware wallets, but also cheaper ones.

However, the cheaper models, such as the Opendime (35 EUR for 3 pieces), the Trezor One (69 EUR) and also the predecessor model, the Ledger Nano S (59 EUR), offer a much smaller range of functions. The Ledger Nano X is therefore our clear winner in our Hardware Wallet Test 2019 in terms of price-performance ratio. Even more expensive hardware wallets such as the Trezor Model T or the Ellipal offer a smaller range of functions and can manage fewer cryptocurrencies.

In addition, Ledger’s security standard is industry-leading. No hardware wallet provider has been able to build such a brand and popularity in recent years. But Ledger is not only appreciated by private investors; numerous companies have also entered into partnerships with Ledger. The company cooperates with Neufund, blockchain.com and Switcheo, among others. Samsung also announced a 2.6 million investment in the French company in April 2019.

If you are already convinced of the Ledger Nano X, you can buy it on Amazon, eBay or directly from the manufacturer. However, we recommend that you buy from the manufacturer, as you will get the best price there and the product will be shipped directly from the manufacturer.

The price on Amazon and eBay may also be higher. Especially eBay also holds the danger of dubious traders. With the manufacturer, however, you have the security to get an original and not yet used Ledger. All prices on Ledger’s website are displayed directly in euros and include VAT.

>> Buy your Ledger Nano X directly on the official Website from Ledger <<

We have ordered the Ledger Nano X directly from the official Ledger homepage. Although the company is located in France, the shipping took only 3 working days. As payment methods you can choose Bitcoin, Credit Card, Giropay, SOFORT or Paypal. Shipping is free worldwide.

Ledger Nano X Review: Scope of delivery

When you receive and unpack the package, you should first check that the packaging is unopened and the seal is undamaged. This is very important because someone (in the case of open packaging) may have manipulated the ledger to steal your Bitcoin, Ether or other cryptocurrencies later.

If anything on the packaging is broken or appears unusual, it is better to replace the product immediately. Better now than later when you suffer a great loss.

The following is included in the scope of delivery:

• the Ledger Nano X Hardware Wallet
• a USB connecting cable
• a lanyard (but we recommend that you do not carry the wallet on your lanyard)
• numerous cards and instructions on how to install the Nano X. Among other things, there are three cards where you can enter your recovery seed consisting of 24 words.
• Ledger Stickers

Ledger Nano X: First Steps

Install Ledger Live

The Ledger Nano X is even easier to set up than its predecessor. First you turn on the hardware wallet by pressing the left button for 3 seconds. An English welcome message will appear on the display. You will then be prompted to download the Ledger Live software. To do this you need to go to the official website of the manufacturer, start.ledgerwallet.com and then download the Ledger Live software.

On the website you will find different versions for the different PC operating systems. Select the appropriate version for your operating system here and download it. The subsequent installation should not take longer than 2 minutes.

When you run the Ledger Live application, you will first be prompted for a password. This password is only used to access the Ledger Live App (and is independent of the Ledger Nano X).

The password is very important. But if you lose it, it’s not so bad (as if you lose your recovery seed), because you can reset the password. Then only your data will be deleted in the application. Nevertheless, this can be very annoying, which is why it is best to make sure that you never have to take this step. Keep your Ledger Live password in a safe place.

Then you can start the setup by clicking “Get started”.

You can choose between different setup options:

• You can set up a new device.
• If you already own a Ledger Nano X, you can recover your account with the help of your Recovery Seeds.
• You can use a device that has already been set up by you, or
  buy another hardware wallet. You will then be redirected to the ledger.com website.

Since you’ve probably bought your ledger and are setting it up for the first time, click “Set up new device”. In the next step you will be asked which model you want to configure. Click here on the “Ledger Nano X”. Now your hardware wallet will be set up.

To continue, you must connect the Ledger Nano X to your PC using the supplied USB cable. First you will be explained both buttons, which are located at the top of the stick.

The operation of the Ledger Nano X is really very simple and intuitive. As with the Nano S, it is operated exclusively via 2 buttons on the top. With the left button you navigate to the left in the menus on the Nano X, with the right button you navigate to the right. If you want to confirm an entry, press both buttons at the same time. That’s it, that’s it! That’s all you need.

First installation of the Ledger Nano X

After you have connected the Ledger Nano X to your PC via the USB cable, you must first assign a PIN for your device. This can be 4 or 8 digits. Each time you restart the device or it has not been active for a long time, you will need to enter the PIN to gain access to the Hardware Wallet. So this is a physical security measure that protects your hardware!

If you have assigned the PIN code, you must write down your “Recovery Seed” in the next step. You will be shown 24 words that you can write o

n Ledger’s card. It’s best to use two Ledger cards to double back up the Recovery Seed if you lose a note or can’t find it.

Be sure to keep the Recovery Seed in a safe place. With this key you have access to your crypto currencies and all your assets if you change your computer, it breaks down or you lose your Ledger Hardware Wallet.

Never store the recovery seed online or in a file, as the file could become the target of hacker attacks. After you have written down the recovery seed, you will be asked again to enter your seed to check that your notes are correct.

Now you will be asked again whether you have really assigned and written down your PIN and recovery phrase yourself. You have to confirm this action on the Ledger Nano X.

If your device has been successfully registered, the Ledger Nano X display will tell you that you can access the Ledger Live software dashboard.

Managing Bitcoin, Ether, and Other Altcoins with the Ledger

Basic operation

For each cryptocurrency like Bitcoin, Ethereum or XRP you have to install an “App”. This works via the “Manager” integrated in the Ledger Live software. To install apps, you need to connect your ledger to your computer and unlock it with your PIN. Only then can you install and uninstall new apps.

Under the menu item “Manager” you will find a large catalog of 1,100 apps. In addition to the crypto currency apps, there are also other apps that use the technology and security of the device. This includes an SSH agent or an app that can check the recovery seed.

The installation of the apps is super easy! Just click on “Install” and a few seconds later the app will be installed on your Ledger Nano X.

Recommendation: 2-factor authentication for the Ledger Nano X

We recommend to install the App Fido U2F Standard. This activates the 2-factor authentication, which is already standard on almost all cryptocurrency exchanges today. First you scan the barcode with your Google Authentiticator App, or a comparable app, with your mobile phone. You will then find a code in your app that updates every 30 seconds.

If you want to access your ledger in the future, you will be asked for this code. This is not a must for using the Ledger Nano X, as the hardware wallet already has the PIN security measure.

By using the 2-factor authentication app you increase the security of your hardware wallet even more! Especially since the Ledger Nano X can now manage 100 apps at the same time, you should take the time to install it. Unlike the Nano S, the limited disk space (on 5 apps) is no longer an excuse not to install the app.

Using Apps on the Ledger

Once you have installed the app on your Ledger, you can create an account in Ledger Live. Click on “Accounts” and then “Add account”:

If you want to create a wallet address for Bitcoin, you have to select “Bitcoin” now. Then follow the steps the ledgers ask you to follow. Among other things, you must confirm the account with the Ledger Nano X by pressing the two upper buttons. If you have also done this successfully, you can now start depositing Bitcoin, Ether, XRP or any other cryptocurrency.

You can also use your Ledger on any PC where Ledger Live is installed. Of course you have to go through all relevant security steps (enter PIN, password, 2-factor authentication etc.) each time you log in.

>> Buy your Ledger Nano X online <<

Receiving cryptocurrencies with the Nano X Ledger

If you want to deposit Bitcoin on your Ledger, you have to click on the tab “Receive”. Then you must select the correct account, in this case Bitcoin.

The next step is to connect your Ledger Nano X to your PC and select the Bitcoin app on your Ledger (double-click with both buttons).

If you have done this successfully, you can click on the blue button “Continue”.

Then you have to compare the address displayed on your Ledger Nano X with the address on your Ledger. Only if these two addresses match completely, you should confirm the address by pressing the two buttons on your Ledger Nano X.

You can now either copy the address (clipboard), use the scan function of the QR code or send it by mail.

Sending Cryptocurrencies with the Ledger Nano X

If you want to send Litecoin, Monero or other Altcoins to another wallet, it is also very easy. Just click on the menu item “Send” in the left navigation of Ledger Live.

Then select the respective account (e.g. “Bitcoin 1” in the screenshot) from which you want to send the cryptocurrency. On the following page you can set the receiving address, the amount and the network fee:

You can set the fees yourself. The higher the fees, the faster the transaction is normally processed. If you are not in a hurry, we recommend that you leave “Default” set. If you now click on “Continue”, your transaction will be sent. The display of the Ledger Nano X will now show you all the details of the transaction:

• The recipient address
• The fees charged for this transaction are as follows

If this information is correct, you can confirm the transaction on your Nano X.

The new Bluetooth function of the Ledger Nano X

When Ledger announced the new Bluetooth feature, there was a huge outcry in the crypto community that the feature is not secure and can be hacked. The fear was that hackers could hack the Bluetooth connection while sending and intercept the coins and redirect them to another address.

But this fear is wrong! Ledger explained that only non-critical data (not the private key and not the recovery seed) is transferred via Bluetooth. In addition, a physical keystroke on the Nano X ledger is always required to confirm transactions. Even if the Bluetooth connection is hacked, the transaction cannot be redirected to another address.

From a technical point of view, the French hardware wallet manufacturer also uses AES-based encryption, a state-of-the-art Bluetooth protocol that ensures authentication through the use of pairing. Your smartphone and the Nano X are “paired” by comparing two longer numbers on both devices. This process is shown in the following official Ledger video:

Advantages and disadvantages of the Ledger Nano X

Conclusion on the Ledger Nano X

After the Ledger Nano S has been sold more than 1.3 million times worldwide, Ledger has presented a worthy and innovative successor with the new Nano X. The device offers many new features and improvements (more memory, larger display, Bluetooth, …) which, in our opinion, justify the purchase of the Ledger Nano X, despite the ownership of a Ledger Nano S.

Especially if you want to manage larger amounts in cryptocurrencies, a hardware wallet is a mandatory investment. The price of 119 Euros is to be considered in relation to your assets: What are 119 EUR, if you want to secure your Bitcoin and Ether which are worth a thousand Dollars or more? In our opinion the investment in a hardware wallet is therefore an obligation and should be a matter of course.

The Ledger Nano X is our test winner in the big hardware wallet test and comparison and therefore our purchase recommendation for you.

Currently Ledger offers a discount campaign where you can buy a Ledger Nano S and a Ledger Nano X with 50% discount each. The total price is then 149,00€. If you want to buy the combo-package, just click on the following link:

>> Buy your Ledger Nano X directly on the official Website from Ledger <<

If you are not 100% sure which hardware wallet you want to buy, you can also check out our other hardware wallet reviews:

• Ledger Nano S Test
• Trezor One Test
• Trezor Model T Test
• ELLIPAL Test
• Bitbox 01 Test
• Opendime Bitcoin Stick Test
• BlochsTech

Der Beitrag Review of the Ledger Nano X: Is the purchase of the new hardware wallet worthwhile? erschien zuerst auf Crypto News Flash.