Hardware wallets compared
Competition is thriving and more hardware wallets are entering the bitcoin market. Which hardware wallet should you pick? We have compared the latest cryptocurrency hardware wallets. The list we will discuss is:
- Trezor
- Cryptolabs “case”
- Hardbit
- Ledger
- HW1 Wallet
- Mycellium
Price
First of all we will compare by price, sorted from highest to lowest:
| Name | Price $ | Price BTC |
| Hardbit HB01M | $163.74 | 0.499 |
| Hardbit HB01 | $130.93 | 0.399 |
| Trezor | $119.00 | 0.3629 |
| Ledger | $42.13 | 0.1284 |
| HW1 Wallet | $18.31 | 0.0558 |
| CryptoLabs case | in development | in development |
| Mycellium | in development | in development |
Open-source
Can you inspect the source code?
| Name | Source Code |
| Hardbit HB01M | closed |
| Hardbit HB01 | closed |
| Trezor | open |
| Ledger | open |
| HW1 Wallet | open |
| CryptoLabs case | unknown |
| Mycellium | unknown |
Security
| Name | Security | Backups | 2-factor confirmation |
| Hardbit HB01M | Password protection | yes | unknown |
| Hardbit HB01 | Password protection | yes | unknown |
| Trezor | PIN verification | yes | yes |
| Ledger | PIN verification | yes | yes |
| HW1 Wallet | Private key never leaves card | unknown | yes |
| CryptoLabs case | unknown | unknown | unknown |
| Mycellium | unknown | unknown | unknown |
More features:
| Feature | Hardbit | Trezor | Ledger | HW1 Wallet | Cryptolabs case | Mycellium |
| Size | 48 mm x 88 mm | small | small | tiny | small | small |
| Weight | unknown | 11 | unknown | simcard weight | unknown | unknown |
| Waterpoof | unknown | yes | yes | yes | unknown | unknown |
| Software hack proof | yes | yes | yes | yes | yes | yes |
| Physical hack proof | yes | yes | yes | yes | unknown | unknown |
| Phising protection | yes | yes | yes | yes | yes | yes |
Product images
trezor wallet
Hardware wallet case
hardbit wallet
ledger bitcoin wallet
mycellium wallet
hw1
Links
- http://choosecase.com/
- http://www.hardbit.cn/
- https://buy.hardwarewallet.com/hw1shop/#shop
- https://www.ledgerwallet.com/
- https://mycelium.com/bitcoincard
- https://www.bitcointrezor.com/
as long as HW1 is concerned the backup can be done in two ways:
If you use it with Greenaddress you can generate the seed with the webapp, writedown the seed and store it then you write it on HW1 dongle. Doing this you can always write an other dongle from the original written down seed.
If you want to genererate the seed inside the dongle because you trust the RNG you can extract the dongle, put it in an other computer safe and disconnected with a text editing app open and the dongle will sit the seed on the screen. You will in this way be able to save the seed for backup.