In the world of cryptocurrencies, security cannot be overemphasized.
With the continuous growth of the global cryptocurrency market value, asset security has become the most concerned issue for investors. Since 2018, there have been numerous hacking incidents in the cryptocurrency industry, resulting in losses of billions of RMB. What's more serious is that once encrypted assets are lost, it is difficult to retrieve them.
As long as the device or software is connected to the network, the risk cannot be cut off. At this time, a reliable and secure hardware wallet is very necessary. Furthermore, according to the fact that the blockchain is gradually known to the public, and the country is paying more and more attention to it, hardware wallets must be a must-have in the blockchain industry in the future.
According to the bitcoin exchange guide, a recent report by market research firm Research and Markets shows that in the past 5 years, the market for cryptocurrency hardware wallets has grown by more than 300%.
According to the report, the hardware wallet market was valued at USD 128.69 million in 2018 and is expected to reach USD 499.9 million by 2024, at a CAGR of 24.93% (2019 to 2024).
At present, there are four well-known hardware wallet brands in the world: HyperMate, Kushen, Trazor, and Ledger. Today, the author evaluates these hardware wallets in an all-round way, and it is also convenient for everyone to choose the hardware wallet that suits them.
The author here explains that the hardware wallet models evaluated in this article are HyperMate, Kushen pro 3, Trazor, and Ledger Nano S.
1. Appearance
First, let's take a look at the appearance of each hardware wallet.
1. HyperMate
From the picture below, we can see at a glance that the appearance of HyperMate is just like the MP3 players used in the school days. It is very compact. There is a clear logo on the left side of the screen, and a few buttons for operating the hardware wallet at the bottom, which are easy to understand. In addition, through comparison, it can be found that HyperMate is only one-third the size of an Apple mobile phone. The thickness of HyperMate is only 2.3mm, which is the thinnest among the four products, and it feels very good in the hand.
It is worth mentioning that there is a small hole in the lower left corner of HyperMate. With the gift wallet case, you can directly put the hardware wallet in the case and string it on the keychain or mobile phone chain, which is convenient to carry and reduces the risk of loss.
2. Kushen Pro3
If you don't look carefully at Kushen Pro3, many people will think it is a mobile phone, because it really looks like a mobile phone, as shown in the picture below.
Under the main interface of Kushen Pro3, there is a button similar to that of an Apple mobile phone, and the right side is the power button. From the physical point of view of the wallet, the Kushen cold wallet has a high-end appearance and is highly similar to a smartphone, but the manufacturing cost will obviously be much higher than other wallets. Whether it's worth it is a matter of opinion.
3. Trazor
Trazor gives me the feeling that it is more like the MP3 in the early years, and it also has the feeling of some car keys. From the appearance, you can see that there are two buttons, the display screen in the middle, and a lanyard in the upper left corner. Compared with HyperMate, you can save yourself the operation of tying the rope. The main material of the shell is plastic, which is slightly cheap and lacks some texture.
4. Ledger Nano S
The appearance of Ledger Nano S is almost the same as that of a USB flash drive, and it can even be said to be a USB flash drive. The shell is made of plastic, which feels a bit light and fluffy. The texture does not look as good as the previous wallets, but it looks small and exquisite at first glance, which is still more popular.
2. Experience
After seeing the appearance at first glance, let's compare the experience of using several wallets.
1. HyperMate
The HyperMate hardware wallet is only 2.3mm thick, and the sides are curved, which makes it very comfortable to hold in your hand. And it is very convenient to operate, perfectly compatible with HyperPay, can use Bluetooth connection, and use it anytime, anywhere.
In addition, HyperMate also supports firmware upgrades, and you can enjoy update services without replacing hardware. At the same time, HyperMate's battery also has a large capacity and supports long standby time.
HyperMate is also very convenient in operation. After starting up, it will prompt the user to create a wallet or restore the wallet. The user who creates the wallet only needs to memorize the mnemonic words, and then HyperMate will verify 5 of the mnemonic words, which can ensure the security of the wallet. Correct creation can also increase the speed of wallet creation, eliminating the tedious time of verifying all mnemonics.
HyperMate can seamlessly connect with HyperPay wallet using Bluetooth, as shown above, the pairing code is issued by HyperMate to ensure a secure connection.
When using HyperMate to transfer funds, HyperMate will allow users to check whether the transfer address is consistent. Only after the user confirms again can the transfer proceed. The author thinks this design is very good.
In addition, you will be prompted to enter a PIN code when transferring funds. The PIN code is randomly generated by HyperMate. If you enter the wrong PIN code 10 times in a row, all data in the hardware wallet will be destroyed.
In addition, HyperMate is also very convenient to create a multi-signature wallet. It can be operated directly on HyperPay, and then verified by HyperMate.
In all aspects, the experience of using HyperMate is quite good.
2. Kushen Pro3
Kushen Pro 3 has the appearance of a mobile phone, and also has a function of a mobile phone, that is, fingerprint unlocking, which is convenient and fast. And Kushen Pro3 is a full-screen touch operation, which is more in line with people's habits now. The key controls the screen display and the on/off key. In addition, the charging interface of Kushen Pro3 is a Type-c interface. The charging port has a fast battery life and transmission speed, and the charging is also faster.
When using the wallet, press the power button above. That is, there is a QR code to directly download the Kushen APP after starting up, click Next. It is a QR code that uses the Kushen APP to scan the code to identify the authenticity. Click Next to create a wallet or restore a wallet. As a new user, you can directly create a new wallet. Remember the mnemonic, and then enter the mnemonic center again. Then set and remember the transaction password. When used in conjunction with the hot-end APP, functions such as scanning the QR code for transfer, updating data, and searching are all used.
3. Trazor
Compared with several other hardware wallets, Trazor is relatively troublesome to use. First, download and install the TREZOR Bridge software on the official website of the computer Trazor, and then need to connect the Trazor to the computer with a USB, and then perform subsequent wallet-related operations. The TREZOR device itself does not have a battery, and it will be powered on by the computer's power supply only after it is plugged into the computer's USB.
After a successful connection, 24 English words will appear on the client side one after another, and handwritten and recorded in order in the seed password card that comes with the device (repeatedly, the seed password can only be recorded on offline paper, and it is strictly forbidden to take pictures and upload them to any Cloud or networked devices, if the password is leaked or funds are stolen due to failure to comply with this regulation, TREZOR will not be held responsible).
4. Ledger Nano S
The author of this wallet has to say that it has a full English interface, which is really not very friendly to domestic users. There is a micro USB data cable in the Ledger Nano S packaging box. Insert one end into the bottom of the Nano S, and the other end Plug the USB into your computer. Once connected, the Nano S's screen will light up. Nano S has two buttons, the left button and the right button. Press the left and right buttons together to confirm the option. Select Set up a new wallet when the screen lights up.
After setting the digital password, the user will come to the 24-word password setting page. Nano S will randomly generate English words in its built-in character library. After each word is generated, the user needs to write it down by himself, and then press the left and right buttons together for confirmation. And so on until the 24 characters of Nano S are generated. After this step is completed, the user can start using the Ledger Nano S.
3. Supported currencies
As more and more people pay attention to the blockchain and pay attention to the currency circle, the hardware wallet will usher in an unprecedented market size, and the number of currencies supported by the hardware wallet will be an important factor for users to choose.
1. HyperMate
HyperMate hardware wallet currently supports BTC, ETH, BCH, EOS, LTC, HC, QTUM, USDT (ERC-20), ERC-20, QRC-20, EOS tokens and other currencies, and will continue to support more digital currencies .
2. Kushen Pro3
Kushen Pro3 hardware wallet currently supports BTC, BCH, LTC, ETH, ETC, DASH, DOGE, BTG, XRP, XEM, BCX, SBTC, BCD, QTUM, EOS, ACT, ERC-20, IPC, GOD and other currencies, In terms of quantity, Kushen Pro3 is the most among the four hardware wallets.
3. Trazor
The Trazor hardware wallet currently supports 8 currencies including BTC, BCH, LTC, ETH, ZEC, DASH, ETC, and BTG, and the number of supported currencies is relatively small.
4.Ledger Nano S
The Ledger Nano S hardware wallet currently supports 6 currencies including BTC, BCH, XRP, ETH, EOS, and Stellar, which is the least supported currency among the four wallets.
4. Security
I don’t need to say that everyone knows about security. It is definitely the most important factor for users to choose a hardware wallet. Everyone originally chooses to use a hardware wallet for absolute security. If the security is not enough, then choosing a hardware wallet is meaningless.
1. HyperMate
In terms of security, HyperMate has a built-in CC EAL6+ military-grade security chip. CC EAL6+ is not only a security level for military use, but also means that the HyperMate security chip has passed the necessary tests and evaluations for CC security certification.
HyperMate meets BIP32/BIP39/BIP44/BIP45 standards, and the recovery process is completely offline. In addition, HyperMate supports hardware multi-signature and has passed the FCC authorization certification. In addition, HyperMate’s built-in OLED display is directly connected to the SE security chip, preventing man-in-the-middle attacks between the screen display and the chip, and its single-chip design perfectly prevents data tampering. possibility.
HyperMate has also passed the European CE safety certification, which represents HyperMate's passport to open and enter the European market.
Another very important point is that HyperMate cooperates with well-known security organizations such as Feitian Chengxin, SlowMist Technology, Beijing Lianan, and Chengdu Lianan to upgrade the security of HyperMate to another level in many ways.
So everyone can rest assured that HyperMate is very reliable in terms of security.
2. Kushen Pro3
Kushen Pro3 is cold and hot isolation first. This hardware device is completely offline. There is also an APP that is used with this hardware device. This hardware device mainly completes the creation and signature of transactions. Through QR code encrypted communication, the signed The information is sent to the blockchain through the APP. This process can effectively prevent the attacks of network hackers.
In addition, Kushen also supports multi-signature algorithms, allowing multiple devices to have one address. In addition, Kushen has also done a lot of work on user safety awareness education.
3. Trazor
Trazor uses an ordinary ARM chip, which has a high degree of security, but it cannot reach the level of security of Kushen and HyperMate. In addition, Trazor can perform dual-screen comparison, and the PIN code cannot be intercepted by the PC, preventing transaction forgery.
4.Ledger Nano S
The private key of the Ledger Nano S is stored in a separate secure element and locked by a PIN code to protect your private key from unauthorized use. At the same time, the chip has passed the certification and evaluation of Common Criteria and EMVCo third-party evaluation agencies to prove its safety.
Ledger Nano S does not need to be protected by anti-counterfeiting stickers. When the new machine is used for the first time, it will check whether the device is genuine through the Root of Trust, and every time it is turned on, the encryption chip will check the integrity of the device.
However, it is reported that a serious vulnerability was discovered by hackers on Ledger Nano S before. Fortunately, the hackers did not attack and gave a kind reminder to the wallet. So the security of Ledger Nano S needs to be improved.
5. Features
Every product should have its own characteristic features, which often make users shine.
1. HyperMate
HyperMate has five major features:
①HyperMate is the world's first cold wallet that supports hardware-level multi-signatures. Any transfer of funds is controlled by multiple hardware wallet signatures (up to 7 people), which is convenient for enterprises and teams to store and manage digital assets. Compared with traditional software multi-signature, hardware-level multi-signature has the advantages of security and privacy, and is more suitable for enterprise-level users.
②HyperMate is the world's first wallet that supports HC hardware-level multi-signature, which meets the needs of many HC holders around the world for digital asset management.
③ The firmware can be upgraded. With the rapid development of the blockchain industry, a qualified hardware wallet must support upgrades at any time in order to develop along with the trend.
④HyperMate adopts a single-chip design, does not add any auxiliary computing or information storage chips in the design circuit, and directly connects all components such as buttons, screens, and Bluetooth to the security chip, avoiding data transmission between multiple chips, and can completely eliminate Possibility of tampering with data.
⑤The HyperMate hardware wallet is seamlessly connected with the HyperPay wallet, and the HyperPay wallet also includes managed wallets and self-managed wallets, which are very rich in functions.
⑥HyperMate has undergone formal verification, and its security is worthy of recognition.
⑦ As a deep binding platform of HyperMate, HyperPay is a feature-rich asset management platform that supports self-managed wallets, managed wallets and hardware wallets. User assets can not only be safely stored in the hardware wallet HyperMate, but also participate in rich functions such as financial management, lending, PoS mining, and one-click transactions aggregated by HyperPay, and participate in all aspects of the blockchain ecology conveniently and quickly.
⑧The unique PIN code displacement function of the HyperMate hardware wallet allows users to enter the PIN code through the randomly arranged nine-square keyboard, minimizing the probability of passersby peeping the PIN code and stealing the private key.
⑨HyperMate has a built-in self-destruct program. After entering the wrong PIN code 10 times in a row, the HyperMate hardware wallet will automatically destroy the stored data. This function can effectively prevent the hardware wallet from being violently cracked by hackers.
2. Kushen Pro3
Kushen Pro3 also has three major features:
① The two-dimensional code communication + NFC transmission method is adopted between the cold end and the hot end of Kushen Pro3 (optional, of course, the mobile phone needs to support NFC), to ensure that the private key will never touch the Internet, and completely eradicate the risk of the private key being stolen by hackers .
② Kushen Pro3 supports multiple signatures, which can effectively prevent corporate assets from being resold privately.
③ Kushen Pro 3 is the first to collect environmental information as an entropy source, ensuring the randomness and uniqueness of seeds, and greatly improving the strength of passwords.
3. Trazor
Trazor hardware wallet has only one feature, that is, Trazor supports PC.
4.Ledger Nano S
Ledger Nano S supports the PC side with the same features as Trazor.
6. Price
Next, the author compares the prices of the four hardware wallets. As a must-have hardware wallet, the price must be suitable to be accepted by users.
1. HyperMate
The official price of HyperMate is 489 yuan, which is a very low price to be honest. Although the price is low, the comprehensive performance of HyperMate is quite good, and it has obvious advantages compared with products of the same price in terms of functionality, comprehensiveness and security. In terms of cost performance, HyperMate has almost no rivals.
2. Kushen Pro3
The official price of the Kushen Pro3 hardware wallet is 4288 yuan. To be honest, the author cannot afford this hardware wallet. It's really expensive. 3. Trazor
3. Trazor
Trazor hardware wallet official website offers 128 euros, equivalent to RMB 993. Although it is much cheaper than Kushen, compared with HyperMate, Trazor's cost performance is very low.
4.Ledger Nano S
Summarize
Summarize
After a comprehensive evaluation of the 4 hardware wallets, first of all, HyperMate is more advanced in terms of security, and Kushen Pro3 is the most supported currency, followed by HyperMate. In terms of special features, HyperMate's world's first hardware-level multi-signature is indeed an advantage that other wallets cannot compare to. The special feature of the random seed of Kushen Pro3 is also impressive. In terms of price, Kushen Pro3 is the highest and HyperMate is the lowest.
Overall, HyperMate is the most cost-effective hardware wallet among the four hardware wallets, and the most worthy of users to buy.
Finally, it is convenient for everyone to study. The author made the above evaluation statistics into a table and scored them, so that everyone can analyze and compare them for reference.
