Crypto Ballet Wallet vs. Opendime and Hardware Wallets

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.

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

1. Brief introduction of Ballet (when it started, who the founder is, etc.)

2. The most easy-to-use non-electronic, physical wallet

3. It has the same level of security as other wallets

4. 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

5. The actual unencrypted private key has never been revealed until the user signs and sends a transaction

6. Safe to use, easy to use, and great for gifting

7. No need to write down or memorize a 24-word mnemonic seed phrase

8. Great for long term cold storage

Additional info:

1. Follow Ballet on Twitter.

2. The BIP38 technology behind the Ballet wallet.

3. The Two-Factor Key Generation process.

4. The differences and similarities between BIP38 and BIP39.

5. The open-source decryption/verification website tool (recommended to use while disconnected from the internet).

• https://www.bitaddress.org/
• https://github.com/bitcoinjs/bip38
• https://iancoleman.io/bitcoin-key-compression/

More info

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