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Cryptocurrencies

SafePal S1 Hardware wallet Review: How Safe Is Safepal T Hardware Wallet?

SafePal S1 hardware crypto wallet was introduced to the crypto community in 2019. And though it’s relatively new, SafePal is a highly innovative wallet that seeks to provide crypto users with a “Secure, Simple, and Enjoyable crypto management solution.” The wallet has the backing of prominent crypto industry players like Binance Exchange. It has also integrated a host of operational and security features to help it achieve this goal.

According to the SafePal S1 website, the wallet was developed by a group of software, cybersecurity, and hardware experts, with the blessings of Binance. And one of its approaches to solving the constant challenges faced by other crypto hardware wallets was making it a 100% cold storage wallet.

This review will detail its features, understand how it works, vet its ease of use and fees. We will also provide you with a step-by-step guide on how to use SafePal Hardware Wallet before telling you if SafePal S1 is indeed the safest hardware wallet yet.

Key features

High-resolution screen: SafePal S1 hardware wallet has a sleek design that takes the shape of an MP3 player. It features a relatively wide and high-resolution color screen and a D-pad controller that you use to navigate the wallet. It also features a camera whose key role is scanning QR codes for other wallets and exchanges.

Mobile app compatible: SafePal hardware wallet developers have also come up with the SafePal wallet app that you can use to manage your crypto balance and facilitate crypto exchanges.

Monitor crypto portfolio: The SafePal mobile wallet app features the balance and activity tabs that you can use to monitor your crypto portfolio in real-time. For instance, the activity tab outlines your crypto transaction history (inflows and outflows) and, in turn, helps shape your crypto budget.

Integrated exchange: One of SafePal’s key partners is Binance – the largest crypto exchange in the world. And this partly explains why SafePal Wallet mobile app features BinanceDEX that SafePal users can use to trade and exchange different cryptos and exchanges.

Send crypto via social media: SafePal’s innovativeness is best highlighted by the wallet user’s ability to send crypto via the different social media networks. A SafePal wallet user can, for instance, send altcoins and tokens to an individual (regardless of whether they have a SafePal wallet or not) via social media.

Security features

Pin code: SafePal hardware wallet is secured with a PIN code that you set when creating a user account. It is also fitted with the number randomization tool that helps you avoid key loggers and other spying tools.

Password + pattern for the app: The SafePal mobile wallet app, on the other hand, is secured with a password or a pattern.

Recovery seed: SafePal will also present you with a backup and recovery seed for your wallet and private keys. When creating a user account on the platform, you will be presented with either 12 or 24 random phrases that form your wallet’s recovery seed. Write them down and save them offline.

Secure element: The SafePal hardware wallet is also fitted with a hack-proof EAL5+ secure element. This is a global finance industry-grade crypto chip that stores your private keys.

Two-factor authentication: All crypto transactions initiated via the SafePal mobile app must be signed and authenticated using the hardware device.

Key-deletion tool: SafePal S1 wallet features a key deletion tool that allows you to add and delete cryptos and tokens with ease.

Tamper-proof: The hardware wallet’s package features two tamper-proof seals, and so does its secure element. In the case of a suspected cyber hack or if someone tried to tamper with its secure element, the key deletion and self-destruct features will be triggered.

Offline cold storage: SafePal S1 hardware device is a 100% offline vault that connects to your phone or computer via a USB cable. It doesn’t maintain wireless (Wi-Fi, Bluetooth, or otherwise) connections with internet-connected devices.

How to set and activate the Safepal S1 Hardware wallet

Step 1: Download the SafePal S1 mobile app after purchasing the SafePal S1 hardware device

Step 2: Install and launch the app.

Step 3: Create a password and pattern for the mobile app

Step 4: Connect the SafePal S2 hardware device to the computer and choose your preferred language.

Step 5: Open the SafePal app and click on the ‘Add Wallet’ icon. Alternatively, tab the scan button on the top-right corner of the app.

Step 6: Follow the setup wizard prompts to create a user account.

Step 7: Chose a recovery seed (between 12-word seed and 24-word seed) and write it on the mnemonic cards that accompany the hardware wallet package.

Step 8: Verify that you’ve correctly copied this mnemonic phrase.

Step 9: Create and verify a PIN code for the mobile device

Step 10: Scan your wallet’s QR code using the mobile app to connect the two.

How to add/receive crypto into your SafePal S1 Hardware wallet

Step 1: Log in to your SafePal S1 wallet mobile app on click on the “Receive” icon

Step 2: Copy the wallet address and forward it to the party sending you crypto coins.

Alternatively:

Step 3: Have the party sending you cryptos/tokens scan your wallet’s QR code.

Step 4: Wait for the funds to reflect on the wallet.

How to send crypto from your SafePal S1 Hardware wallet

Step 1: Log in to the SafePal S1 mobile wallet app and click on the “Send” button.

Step 2: From the list of hosted cryptocurrencies and tokens, select the coin you want to send

Step 3: Enter the recipient’s wallet address or scan their QR code and the number of coins/tokens you wish to send

Step 4: Select the fee level.

Step 5: Confirm that the transaction details are correct and hit the send button. The app will then display a dynamic QR code specific to that transaction.

Step 6: Use the SafePal S1 hardware wallet to authorize the transfer. Simply use the hardware wallet’s camera to scan the app’s QR code and enter the PIN to sign and authorize the transaction.

Step 7: Confirm that the transaction has sailed through on the mobile app via the

SafePal S1 Hardware wallet ease of use

Though lengthy, SafePal S1 has a straightforward onboarding process. The wide display screen on the hardware wallet and easily navigable mobile wallet app interface has made interacting with the crypto vault, receiving, and sending cryptos relatively easy.

SafePal S1 hardware wallet is also available in over ten international languages.

SafePal S1 Hardware wallet supported currencies and countries.

According to the SafePal S1 website, the hardware wallet can support 1000+ cryptocurrencies and tokens. Wallet addresses are also generated offline by the hardware device.

SafePal S1 Hardware wallet cost and fees

SafePal S1 hardware wallet costs $59.99, but the company behind the brand is currently running a limited-time discount of $39.99.

The only other charge you will have to part with is the blockchain network’s network fees for transaction verification and confirmation.

What are the pros and cons of using the SafePal S1 Hardware Wallet?

Pros:

  • Very safe as it stores all your private keys offline in a tamper-proof secure element
  • SafePal S1 is cheaper than most other crypto hardware wallets
  • The hardware wallet supports a wide range of both cryptocurrencies and tokens
  • It features the largest and most liquid crypto exchange
  • The hardware is tamper-proof and embraces stringent security measures

Cons:

  • One may consider the wallet’s activation process quite laborious and not beginner-friendly
  • It maintains a rather complicated crypto transfer process

Comparing Safepal S1 Hardware wallet with other hardware wallets

Safepal S1 Hardware wallet vs. Ledger Nano S

SafePal S1 and Ledger Nano S are both highly advanced crypto hardware wallets. Their similarities include the fact that they both host 1000+ crypto coins and tokens. They store the client’s private keys offline and employ multi-layer protection tools around all the wallets, including two-factor authentication and offline wallet address generation. Both are also compatible with mobile apps and feature on-device screens that help ease navigation.

The two are also different in the pricing and mode of operation. For instance, while the Ledger Nano S hardware wallet costs around $60.00, SafePal S1 costs a paltry $39.99. Similarly, while the SafePal hardware device and its mobile app companion will only communicate through the hack-proof QR Codes, Ledger Nano S connects to its app companion via a wireless Bluetooth connection that is susceptible to man-in-the-middle attacks.

Verdict: Is Safepal S1 Hardware wallet safe?

SafePal S1 is a safe hardware wallet. It has embraced several highly effective security and privacy measures to safeguard the integrity of the device and private keys held therein. And it all starts with tamper-proof packaging with two proprietary seals. It has also employed multiple security features, including two-factor authentication, offline generation of wallet addresses, and a 6-digit passcode for the hardware device and password + pattern for the SafePal S1 mobile wallet app. You only have to part with the $39.99 wallet cost.

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Cryptocurrencies

Archos Safe-T Mini wallet Review: Features, Security, Ease of Use, Pros, and Cons?

Safe T Mini is an offline hardware wallet developed by Archos – the French Multinational electronics manufacturer – and introduced to the market in July 2018. It is an ultra-safe secure element hosted on a small circular device made of polycarbonate material. It is an off-shoot and the more affordable alternative of Archos flagship – Safe T Touch hardware wallet. But apart from the visual difference between the two Archos hardware devices, they share a similar commitment to maintaining user funds safe.

In this Safe T Mini hardware wallet review, we will be detailing some of the operational and security features embraced by the wallet. We will also look at how they have impacted Safe T’s ease of use, the number of supported cryptos and compare it to similar hardware wallets. More importantly, we will tell you if Safe T Mini is indeed a safe crypto hardware wallet.

Archos Safe T key features

On-device screen: Archos Safe T Mini hardware wallet features a small OLED screen that you can use to check your crypto balance offline and authenticating transaction details for outbound transfers.

Navigation buttons: Below the screen of the Safe T hardware device are two big navigation buttons. Their key role in helping you navigate the hardware device, especially when checking and confirming outbound crypto transfers.

Web Extension controlled: Given the relatively small screen of the hardware device, most of the Safe T Mini operations like initiating crypto transfers and tracking your portfolio are executed via the Safe T web extension. But unlike most other wallets that will connect to virtually any web browser, you will need a special software bridge (compatible with Windows, Linux, or macOS) to connect the hardware device and the extension.

Compatible with software wallets: Safe T Mini hardware wallet is also compatible with several other software wallets, including Electrum, MyEtherWallet, and MyCrypto. Linking the hardware wallet with either of these software wallets helps boost the wallet’s efficiency and increases the number of supported currencies.

Security features

Passcode: When setting up the Safe T Mini hardware wallet, you will be required to set up a six-digit passcode that serves as its primary security feature. You are also advised to support this with a multi-character password when you link it to either of the supported software wallets.

Recovery seed: Safe T Mini allows for the recovery of private keys should you lose access to the hardware device. That’s why you will be provided with a 24-word backup seed that you can use to restore wallets and recover private keys. For added security, these are generated by the hardware device offline and not by the web extension.

Two-factor authentication: Even though most Safe T wallet transactions are initiated via the web extension, they must be signed and verified by the hardware device.

Open source: Safe T mini hardware wallet is also built on an open-sourced technology. Its source code is available for viewing and auditing by its users and blockchain/crypto security experts. You can access this code on the Safe T Mini hardware’s page on GitHub.

Secure element: Safe T Mini hardware features a hack/tamper-proof secure element that stores your private keys. It is a combination of the ultra-safe and highly encrypted chipset memory as well as a Secured Electrically Erasable Programmable Read-Only Memory.

Cold storage: Safe T Mini stores all your private keys and any other sensitive data in the hardware device 100% offline. None of this information is recorded or stored in Archos servers.

Key deletion tool: If you enter the hardware device’s PIN code incorrectly four consecutive times, you will trigger the key erasure protocol to delete all the wallet content and lock the devices.

How to set and activate the Archos Safe-T Mini Wallet

Step 1: After purchasing the Safe T Mini hardware device, download the software bridge that’s compatible with your computer device from the Archos.com website

Step 2: Install the software and connect the device to the computer using its USB cable.

Step 3: The hardware device is pre-loaded with a firmware that will automatically initiate the wallet activation process

Step 4: On the activation popup window, click “Install Firmware.”

Step 5: After successful installation, unplug and then reconnect the hardware device.

Step 6: The wallet has been successfully connected to the computer

Step 7: Now use the device to generate the 24-words recovery seed and write it down

Step 8: Choose a Username for your wallet

Step 9: Create a unique 6-digit passcode for the hardware device

Step 10: The wallet is now active and ready for use. Now you can start generating wallet addresses for the cryptos and tokens you want to store here.

How to add/receive Crypto into your Archos Safe-T Mini Wallet

Step 1: Log in to your Safe T Mini wallet web extension page and click on “Receive.”

Step 2: Copy the wallet address or the QR code

Step 3: Send them to the individual or exchange sending you Crypto

Step 4: Wait for funds to reflect on your app.

How to send Crypto from your Archos Safe-T Mini Wallet

Step 1: Log in to your Safe T Mini wallet web extension and click ‘Send’ on the user dashboard.

Step 2: From the list of cryptos and tokens hosted on the wallet, select the coin you want to transfer

Step 3: On the transfer window, enter the recipient’s wallet address

Step 4: Enter the number of coins you wish to send and hit send.

Step 5: Connect the Safe T hardware device to the computer and sign in to authorize the transaction.

Alternatively:

Link the hardware wallet with such software wallets as Electrum or MyCrypto that have an easier sending and receiving Crypto process.

Archos Safe-T Mini Wallet ease of use

Safe T Mini is relatively easy to use. It features an on-device screen that is complimented by a clean and easily navigable user interface for the Safe T web extension. And though one may consider its onboarding process to be complex and too laborious for a beginner crypto trader/investor, it is quite straightforward. Moreover, one can link the Safe T hardware wallet with the more convenient and easier to use software wallets.

Most importantly, the multilingual Archos website (available in 5 languages) contains numerous videos and explanatory guides that you can use to guide your interaction with the wallet.

Archos Safe-T Mini Wallet supported currencies.

Archos Safe T Mini is a multicurrency hardware wallet. And though its website claims that the wallet supports over 75% of all cryptocurrencies and tokens, we found it interesting that you can’t store some hugely popular cryptos like Ripple (XRP).

Archos Safe-T Mini Wallet cost and fees

Safe T Mini hardware wallet has its retail price capped at $59.99 or €49.99.

Storing coins and interacting with most other aspects of the wallet is free, but you will have to pay blockchain network fees every time your send cryptos and tokens to other wallets and exchanges. This fee is collected by blockchain miners or network administrators and not Archos.

Archos Safe-T Mini Wallet customer support

Archos has a highly responsive customer support team. Safe T Mini wallet users can contact this team via phone for after-sales services, email, or direct message them on such social media platforms as Twitter and Telegram.

What are the pros and cons of using the Archos Safe-T Mini Wallet?

Pros:

  • Safe T Mini wallet has embraced a host of highly effective security measures, including 2FA and data encryption.
  • It is relatively inexpensive when compared to other hardware wallets like Safe T Touch.
  • It is hugely transparent and is built on an open-sourced technology.
  • Safe T Mini is ultra-light (12g) and thus highly portable.

Cons:

  • The wallet doesn’t support some leading cryptocurrencies like Ripple.
  • It is not beginner-friendly

Comparing Archos Safe-T Mini wallet with other hardware wallets

Archos Safe-T Mini wallet vs. Ledger Nano S wallet

Safe T Mini and Ledger Nano are both highly secure and transparent hardware wallets. They both support a wide range of cryptocurrencies and tokens and embrace a multi-layered security protocol around. For instance, they both have the two-factor authentication functionality enabled, they are built on an open-sourced technology, and store client private keys and personal data in 100% offline vaults.

However, some of the differences between the two include the fact that Ledger has a more solid reputation. It supports a larger number of coins and cryptos (including all the popular cryptocurrencies) and can be considered more beginner-friendly. Safe T Mini wallet, on the other hand, has a more responsive customer support system.

Verdict: Is the Archos Safe-T Mini hardware wallet safe?

Safe T Mini hardware wallet is a safe wallet and has reliable and highly effective security measures. These include two-factor authentication, storing client funds in 100% offline storage, key erasure tool, military-grade encryption of user data/private keys, and providing wallet users with a recovery seed. You only have to part with the $59.99 acquisition cost.

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Cryptocurrencies

Opendime Hardware Wallet Review 2020: Is This The Safest Bitcoin Hardware Wallet Yet?

On their website, Opendime is referred to as the “World’s First Bitcoin Credit stick wallet.” The highly innovative and minimalistic USB stick allows users to load Bitcoins onto the wallet and physically pass them to other users multiple times. It deviates from the traditional security protocols used by both software and hardware wallets.

For instance, it does not need to be secured with a PIN, and neither does its contents need to be encrypted. And unlike most other crypto hardware wallets, Opendime doesn’t have a screen or transaction confirmation buttons. Rather, you have to connect it to your computer to check crypto balances.

In this review, we want to determine if the Opendime hardware wallet is indeed the most secure Bitcoin vault yet. And to answer this, we explore different aspects of the wallet, including its ease of use, set up process, pros, and cons, and also compare it with other hardware wallets.

But first, we look at how Opndime works.

How Opendime hardware wallet works

Like most other hardware wallets, Opendime is a USB-like device that’s specially designed to store Bitcoins. Every time you order Opendime, you will receive a set of three single-use wallets. Single-use here implies that you can only draw coins from the wallet once. After receiving the wallet, you can add as many bitcoins for as long as possible. But to access these coins, you need to break the special seal on the device.

Opendime key features:

Highly versatile wallet: Opendime is a highly versatile and easy to use hardware wallet. It is compatible with a computer, laptop, or even a phone. Simply plug it into either of these devices to initiate the setup process, check balances, or withdraw the bitcoins stored therein.

Free to use: When using the standard hardware or software wallet, you are often required to send bitcoins over the blockchain network. The process isn’t just time-consuming, but you also have to pay network fees for the online transaction. When using Opendime, you can copy coins from one wallet and transfer them to another, physically, without incurring the Bitcoin network fees. You also don’t have to wait for hours on end to have your transactions processed.

Bitcoin-specific: This implies that unlike most other hardware wallets like Trezor or Ledger Nano S that host thousands of cryptocurrencies and tokens, Opendime can only support Bitcoins.

Opendime security features:

Keys are generated by the device: Your Opendime wallet will automatically generate the private and public wallet keys as well as your address QR code. These unique wallet identifiers are created as soon as you plug your device into a computer and are highly randomized to eliminate duplicity.

No access to private keys: After the private wallet address is generated, it is stored within the device. Not even the wallet owner can view the private address without having to break the wallet’s seal.

Tamper proof: According to Opendime creators, Coinkike.inc, it is impossible to tamper or duplicate these hardware wallets. They argue that the wallet is designed using proprietary technology, where each chip contains a unique factory key that is impossible to peel or replace.

How to set up the Opendime bitcoin wallet

Step 1: After receiving the three Opendime wallets, connect the one you wish to use immediately to a computer. Red and green lights will flash on the device.

Step 2: On your preferred browser search for Index.htm. You will receive a notification stating that the ‘wallet has never been used.’

Step 3: Agree to the Opendime wallet manufacturer’s terms and conditions to start the wallet activation process.

Step 4: On your computer, open the index file associated with the hardware wallet (found under /Volumes/OPENDIME) and upload a photo or any file of at least 256kb.

Step 5: Once the wallet detects the file, the flashing light will turn green

Step 6: Now reload the Index.htm page on your browser to generate and reveal your wallet’s public address

Step 7: The new Opendime wallet page will reveal the ‘Check Balance,’ ‘Verify,’ and ‘Your Bitcoin Receiving Address’ tabs.

How to add/receive Bitcoins to the Opendime hardware wallet

Step 1: Plug in the Opendime wallet into a computer and open the index.htm page on a browser.

Step 2: Click on the ‘Your Bitcoin Receiving Address’ tab to reveal your wallet addresses.

Step 3: Copy the address and send it to the individual sending you Bitcoins.

Step 4: Wait for the coins to reflect on your Opendime wallet.

How to send funds from Opendime wallet

Step 1: Plugin Opendime wallet into your computer and open Index.htm page.

Step 2: Break the wallets seal after which the private wallet address will display on the browser page

Step 3: Click on the ‘Send to any Address’ icon to initiate the transfer.

Step 4: Key in the recipient’s wallet address and hit send

Opendime wallet ease of use

Opendime has a straightforward setup process. Plugin the wallet device into a computer/laptop/phone and initiate the wallet activation process by opening the Index.htm URL page on your browser. This gives you access to the device’s public wallet address.

Both the wallet and its website are also multi-lingual, supporting over seven international languages.

Opendime cost and fees

Opendime wallets are available in a pack of three and are currently sold for $49.94 (approximately $17 per wallet).

Given that Opendime is not a transactional wallet, you will not have to worry about the transaction fees. The wallet’s portability also means that you can bypass the bitcoin blockchain fees altogether by moving the physical keys on the wallet as opposed to sending them over the network.

What are the pros and cons of using Opendime bitcoin hardware wallet?

Pros:

  • It may be considered tamper-proof as you have to break the seal to access the private keys.
  • The hardware wallet gives you absolute control over your Bitcoins as they are stored in the physical device.
  • There is no limit to the number of Bitcoins you can hold on the Opendime wallet.
  • It is cheaper than all other hardware wallets available today.
  • It allows for wholly anonymous Bitcoin transactions where you can move a huge number of Bitcoins without leaving a digital footprint.
  • You can move an unlimited number of Bitcoins from one wallet to another for free.
  • Opendime has a straightforward onboarding process.

Cons:

  • One may consider it expensive, especially since it is not reusable.
  • It is not foolproof as it can be stolen or lost.
  • Unlike more sturdy hardware wallets like Cobo Vault that are indestructible, Opendime is highly fragile.
  • It only supports one digital currency – Bitcoin.
  • One may consider it expensive, especially when you consider that the wallet isn’t reusable.
  • There are no PIN or passwords to protect your funds and no recovery seed.

Comparing Opendime to other hardware wallets

Opendime vs. Ledger Nano S

The only similarity between Opendime and Ledger Nano S is the fact that they are both crypto hardware wallets that support Bitcoin. Other than that, they adopt highly diverse security approaches to keeping your private keys they hold safe.

While Opendime only has one layer of protection over a client’s private keys, Ledger Nano S embraces a multi-layered security approach. Opendime keeps the coins safe by hiding the private keys from everyone, including the owner, while Ledger Nano S encrypts these keys before burying them under a password and recovery seed.

Verdict: Is it the safest hardware wallet yet?

Opendime hardware wallet is tamper-proof, it stores your private keys offline, and doesn’t reveal your private wallet address. These make it one of the most secure physical bitcoin vaults. There nonetheless, are several drawbacks to using the crypto wallet. For instance, it is not password-protected, and it does not have a backup or recovery option. Therefore, should the wallet be lost, misplaced, or destroyed, you have no way of recovering your digital assets.

Categories
Cryptocurrencies

Sugi Wallet Review: Here Is Everything You Need to Know About SUGI Crypto Wallet

Sugi Wallet is one of the best hardware wallets in the market that was developed by the European Fintech Company, Sufitto. It is uniquely designed to provide crypto users with a unique crypto storage solution. Like the majority of hardware wallets, the device stores its private keys on the device. It does not integrate any kind of internet connectivity to prevent any form of online attack. Even without an online connection, however, the crypto hardware allows users to send and deposit crypto just as easy as using a bank. 

Even so, what makes it unique? It consists of the Sugi mobile wallet application and card. It allows users to store and make seamless and secure transactions with multiple cryptocurrencies. But, how does it compare to other popular wallets in the market? Read on as we will provide you with detailed insight into everything you need to know about it in this review.

Key Features 

OS compatibility: The device is compatible with iOS and Android systems. What’s more, Sugi only works with mobile devices with the Sugi app installed. 

Multi-currency support: The Sugi card is capable of supporting a myriad of cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC), and Bitcoin Cash (BCH).

Secret PIN sharing scheme: Sugi is specially designed to assist its users with their fund’s recovery process in case they forget their PIN or lose their cards. It integrates a secret PIN sharing scheme that is quite helpful despite users not having access to their funds.

Easy-to-use: The device is specially designed with a unique design that makes it quite easy to use. Typically, if you can tap a card, you can use Sugi. You don’t need crypto experience to utilize the wallet. 

Backup phrase: Like the majority of hardware wallets, Sugi comes with a backup phrase that can be used to restore access to your funds when you lose your card or forget the PIN. 

Offline private keys storage: Sugi wallet is a unique hardware wallet that securely manages its user’s cryptocurrency private keys. They are safely stored offline, and they never leave the device. 

Uses near field communication (NFC) card: Sugi is uniquely designed as an actual PIN-protected near field communication (NFC) card hardware wallet.

Sugi Security   

The best thing about Sugi is its ability to integrate its NFC card on Android portable devices. The card holds a special key that is safely stored in the secure element (SE) and allows users to transact on multiple blockchain networks. What’s more, the keys are stored offline, which makes it an ideal option for crypto users looking for a secure cryptocurrency hardware wallet. Notably, the wallet also complies with the security standards in the European Union (ISO/IEC 14443).

Sugi is also designed with a backup phrase that can be used to restore your access to funds in case your card is lost or damaged. It recovers your funds through a secret sharing scheme that breaks down information to different parties. Notably, the data is divided in a manner that no single party can access the funds without the specific keys. It was created by some of the most experienced engineers in the industry since 2009.   

How Does the Sugi Wallet Work?

The Sugi card is quite easy to use. You only need the Sugi mobile app, and you are good to go. Unlike the majority of hardware wallets that requires a laptop or desktop to configure, Sugi wallet is relatively easy to use. Its design makes it easy for anyone, mainly because it does not require a lengthy and complicated setup. You just need to know how to tap the card and make payments. Read on for an insight into how to use the card to make payments.

How to Make Payments Using the Card

If you are looking to make payments with the Sugi card, here are the three steps you need to follow:

Step 1: Download the app

The first step is the download the app from Playstore or iTunes- depending on the device you are using. 

Step 2: Create an account

After the download is complete, open the app and create your account. You will be prompted to enter your email address and set a PIN. Confirm that you have read the terms and conditions and click on “create account” when you are done.

Notably, ensure you have confirmed your email address for your account to be active.

Step 3: Tap the card on your phone

It is as simple as it sounds. You are only required to tap the card on your phone.

Adding cryptocurrency to your Sugi wallet

The process of adding coins to your Sugi card is pretty much the same as the majority of hardware wallets in the market. You are required to load your cryptocurrency on your mobile wallet first. After doing so, you can conveniently access the funds from your mobile app. To receive funds, go the “balance” section from the app, copy the address, and sent it to the sender. 

Supported Currencies

Sugi supports quite a good number of popular cryptos, including Ethereum (ETH), Bitcoin Cash (BCH), XRP (XRP), Litecoin (LTC), and all ERC20-based tokens. The company has also hinted that it is looking to add more cryptocurrencies in the future. What’s more, it is also planning to incorporate fiat functionality by partnering with several banks in Europe. 

Pros and Cons 

Pros

  • Users only need to authenticate transactions by tapping the card on the phone
  • It features both cryptocurrency and fiat payments
  • It is the only hardware wallet with NFC card
  • The card can be customized 
  • ATM withdrawals and in-store payments are among some of the device’s future implementations
  • Cheaper compare to the majority of hardware wallets

Cons

  • Can only be used with mobile apps
  • Does not support fiat currencies 

How Does Sugi Compare to Other Crypto Wallets

Ledger Nano S vs. Sugi Wallet

There is no doubt that when it comes to convenience and ease of use, the Sugi Wallet is perhaps one of the best options. However, Ledger Nano S has much to offer. For instance, it supports more than 1,000 cryptocurrencies and features advanced security features. It also comes with an added Bluetooth functionality, a higher quality screen, and more memory. Even so, the Sugi wallet has pretty much everything you need on the go. 

Guarda wallet vs. Sugi wallet

Guarda is a multi-platform wallet with a user-friendly interface that is specially designed to manage, store, receive, and transfer digital assets. The criterion of functionality integrated into the Sugi wallet is pretty much the same as Guarda’s wallet. The only difference is that Sugi is much easier to operate and incorporates a unique near field communication (NFC) card. 

Customer Support

One of the best things about Sugi is its timely customer support. Users can contact the support team either through their email or live chat. They offer their services daily, which also means that you can contact them 24/7. Apart from that, they also feature a detailed frequently asked questions (FAQs) section to help users find quick answers to any of their queries. Plus, the team will guide you through the fund’s recovery process should you forget your password or lose your PIN. 

Sugi Wallet Price

Sugi card is available for purchase in three plans. You can choose the newbie plan and buy the card for $59.90 or the Pro plan that offers the card for $69.90. Note that the pro plan offers two cards and the option of personalizing them by embossing your name or nickname on the card. Alternatively, you can choose to go with the expert version that offers two customized Sugi cards for $119.90. Typically, all the cards in these plans just look like a regular payment card with a wallet’s logo imprinted on them. 

Verdict: Is Sugi Hardware Wallet Worth Your Money?

If you are looking for a crypto hardware wallet that is extremely easy to use, you should try out Sugi. It is one of the best options for newbies or crypto users on the go. The fact that it is the first of its kind to integrate an NFC to communicate makes it unique. What’s more, it also comes as the best option for traders on the more but is worried about their security. The device guarantees your private keys never leave your wallet.