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Listen "Crypto Ballet Wallet Review vs. Opendime and Hardware Wallets"
Episode Synopsis
The Ballet Wallet is a fabulous solution for:
Novices
Those with under $100k in crypto
Want to have some of their crypto easily accessible or transferable, but they don't want to have 100% of it on their smartphone.
Gifting crypto
Inheritance
Ballet Wallet could be used in conjunction with hardware wallets like the Ledger or Coldcard.
https://www.youtube.com/watch?v=WdchkistGQY
If you liked my unbiased review of the Ballet Wallet and you'd like to buy one or some other crypto wallet, please use the appropriate affiliate link below to help support this channel and get a discount.
Prices sometimes change after I made the video:
- Buy a Ballet wallet direct from the manufacturer & 5% off.
- Buy a Ballet wallet from Amazon in 1 unit ($35) or 3-pack ($80-100) or more.
BUY COINKITE'S COLDCARD or OPENDIME.
BUY A LEDGER.
Securing your cryptocurrency is paramount, but there is no one-size-fits-all solution.
Check to make sure:
QR Code sticker hasn’t been peeled off
The passphrase scratch-off has no scratches
All the serial numbers are on the top of the wallet
(Optional) Use a UV light to make sure the Ballet ‘B’ logo and the words ‘BITCOIN’ are shown on the top QR Code sticker
I review:
How to download the Ballet Crypto App
How to add the Ballet wallet into the Ballet Crypto App
Show how the app looks like
I was not able to:
Show the ‘Buy Crypto’ and ‘Exchange’ functions
Show that you can add in different types of cryptocurrencies
Things I mentioned
Brief introduction of Ballet (when it started, who the founder is, etc.)
The most easy-to-use non-electronic, physical wallet
It has the same level of security as other wallets
The two components of the encrypted private key and the passphrase are created in two different locations and have never been interacted with each other
The actual unencrypted private key has never been revealed until the user signs and sends a transaction
Safe to use, easy to use, and great for gifting
No need to write down or memorize a 24-word mnemonic seed phrase
Great for long term cold storage
Additional info:
Follow Ballet on Twitter.
The BIP38 technology behind the Ballet wallet.
The Two-Factor Key Generation process.
The differences and similarities between BIP38 and BIP39.
The open-source decryption/verification website tool (recommended to use while disconnected from the internet).
And for your reference, below are some other BIP38 implementation tools (besides the Ballet Wallet app and its own open-source website tool above) that you can use to reveal the unencrypted private key:
https://www.bitaddress.org/
https://github.com/bitcoinjs/bip38
https://iancoleman.io/bitcoin-key-compression/
More info
You can post comments, ask questions, and sign up for my newsletter at http://wanderlearn.com.
If you like this podcast, subscribe and share!
On social media, my username is always ftapon. Follow me on:
http://facebook.com/ftapon
http://twitter.com/ftapon
http://youtube.com/user/ftapon
http://pinterest.com/ftapon
http://tumblr.com/ftapon
My Patrons sponsored this show!
Claim your monthly reward by becoming a patron at http://Patreon.com/FTapon
Rewards start at just $2/month!
Affiliate links
Start your own podcast with the same company I use, Podbean, and get one month free!
https://www.podbean.com/ftapon
In the USA, trade crypto with Kraken
https://r.kraken.com/c/2226643/687189/10583
Outside the USA, trade crypto with Binance and get 5% off your trading fees!
Novices
Those with under $100k in crypto
Want to have some of their crypto easily accessible or transferable, but they don't want to have 100% of it on their smartphone.
Gifting crypto
Inheritance
Ballet Wallet could be used in conjunction with hardware wallets like the Ledger or Coldcard.
https://www.youtube.com/watch?v=WdchkistGQY
If you liked my unbiased review of the Ballet Wallet and you'd like to buy one or some other crypto wallet, please use the appropriate affiliate link below to help support this channel and get a discount.
Prices sometimes change after I made the video:
- Buy a Ballet wallet direct from the manufacturer & 5% off.
- Buy a Ballet wallet from Amazon in 1 unit ($35) or 3-pack ($80-100) or more.
BUY COINKITE'S COLDCARD or OPENDIME.
BUY A LEDGER.
Securing your cryptocurrency is paramount, but there is no one-size-fits-all solution.
Check to make sure:
QR Code sticker hasn’t been peeled off
The passphrase scratch-off has no scratches
All the serial numbers are on the top of the wallet
(Optional) Use a UV light to make sure the Ballet ‘B’ logo and the words ‘BITCOIN’ are shown on the top QR Code sticker
I review:
How to download the Ballet Crypto App
How to add the Ballet wallet into the Ballet Crypto App
Show how the app looks like
I was not able to:
Show the ‘Buy Crypto’ and ‘Exchange’ functions
Show that you can add in different types of cryptocurrencies
Things I mentioned
Brief introduction of Ballet (when it started, who the founder is, etc.)
The most easy-to-use non-electronic, physical wallet
It has the same level of security as other wallets
The two components of the encrypted private key and the passphrase are created in two different locations and have never been interacted with each other
The actual unencrypted private key has never been revealed until the user signs and sends a transaction
Safe to use, easy to use, and great for gifting
No need to write down or memorize a 24-word mnemonic seed phrase
Great for long term cold storage
Additional info:
Follow Ballet on Twitter.
The BIP38 technology behind the Ballet wallet.
The Two-Factor Key Generation process.
The differences and similarities between BIP38 and BIP39.
The open-source decryption/verification website tool (recommended to use while disconnected from the internet).
And for your reference, below are some other BIP38 implementation tools (besides the Ballet Wallet app and its own open-source website tool above) that you can use to reveal the unencrypted private key:
https://www.bitaddress.org/
https://github.com/bitcoinjs/bip38
https://iancoleman.io/bitcoin-key-compression/
More info
You can post comments, ask questions, and sign up for my newsletter at http://wanderlearn.com.
If you like this podcast, subscribe and share!
On social media, my username is always ftapon. Follow me on:
http://facebook.com/ftapon
http://twitter.com/ftapon
http://youtube.com/user/ftapon
http://pinterest.com/ftapon
http://tumblr.com/ftapon
My Patrons sponsored this show!
Claim your monthly reward by becoming a patron at http://Patreon.com/FTapon
Rewards start at just $2/month!
Affiliate links
Start your own podcast with the same company I use, Podbean, and get one month free!
https://www.podbean.com/ftapon
In the USA, trade crypto with Kraken
https://r.kraken.com/c/2226643/687189/10583
Outside the USA, trade crypto with Binance and get 5% off your trading fees!
In God we trust