Feel free to jump into the BT thread for any questions or check out our announcement for more info.
Happy stacking!
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Does the wallet work with Trezor One and/or Trezor Safe 3? Those are the only hardware wallets I use.
Plus no offense to OP, but can anyone trusted in BitcoinTalk vouch for the Bitcoin-Safe wallet? Can the wallet be a good alternative for Electrum?
Bitcoin-Safe is unique: It *only* supports hardware wallets, it does not allow hot wallets.
Electrum leaks your transaction history and balance to public servers, Bitcoin-Safe is strictly better because it uses BIP157/158 compact block filters to protect your privacy. It also allows optional connections to your Electrum server.
This holds true for mainnet, but when connected to testnet, Bitcoin Safe allows creating a "hot" wallet i.e. wallet with its own private key without requiring pairing with a hardware wallet. In fact this is a very useful feature for Bitcoin novices, as it gives them hands-on experience working with Bitcoin while risking nothing.
Restricting mainnet wallets from holding their own private keys seems sensible, as it greatly reduces the potential attack surface on users' funds limiting exposure solely to attacks on the hardware wallet itself.
At least Trezor Safe 3 is in their list of support.
Nice update I must say. The 6-step wizard set up is a good idea, it makes things look simple to understand especially for new users
However, I have a quick question on the privacy side of the wallet. Does the app allow us directly connect to our own Bitcoin Core node or Electrum server right in the setup phase or does it use a default backend? I think having a local first option from the first step will be a massive win for privacy.
Thanks @kruw, it could have not been said better.
@satscraper, you're right; this is a good detail that many don't understand and which makes using on-chain transaction signing on mainnet much safer for everyone, not just beginners. The good news is that this feature is available not only for hardware wallet users but also including mobile applications such as BlueWallet, Krux, Metrovault, Satsigner, and similar. All highly trusted mobile applications that can run on an old airgapped smartphone without an internet connection. We are also considering adding support for CryoBlock, a newer application that works on KaiOS phones such as Nokia 80, 6300, etc... making a secure self-service system much more accessible to everyone in the world.
It took a lot of effort to develop the testnet platform, and now we've also added a drop-down list for easy network switching. And you're right, in testnet playgrounds, users can create hot wallets and receive free test coins from faucets to familiarize themselves with the on-chain flows and the network for sending, receiving, and logging in both singleSig and multiSig setups.
The Testnet playground is also useful for developers who seek to test new functionality and compatibility with other programs and applications.
Yes correct, Trezor 3 is supported but not Trezor One, has it is really old and unsecure hardware and it requires additional UI.
Not directly in the setup, as it is an advanced-user setup and the wizard is designed to guide users for the wallet specifically. However, not (yet) everyone is running a Bitcoin node, but nothing stops advanced users from editing the Network Settings (keyboard shortcut: ctrl + .) before setting up a new wallet or importing an existing one. To do so, simply edit the number of peers to one and edit the list setting up your own Bitcoin node or Electrum server.
Privacy now is a default for everyone; the CBF allows users to connect to different random Bitcoin nodes each time the app opens.
My suggestion is to download it and try it yourself and let us know how it goes.
Thank you! Security and Privacy are our core values driving our needs and hopefully we will make some more educational contents on it.
Never heard of it, I already have a hardware wallet called keystone, it's airgapped and fully open source, is there any need for me to try this Bitcoin safe? I think it's not a must.
If I am wrong, give me reasons why anyone who already have a open source hardware wallet should give this a try since it works only for hardware wallet users.
What is that one reason why someone with a hardware wallet should give this a try? Multisig is also available on Keystone and other cool security features too.
Bitcoin-Safe fully supports the Keystone hardware wallet and I assume you are using it with the keystone companion mobile app. I take the opportunity to clarify that Bitcoin-Safe is a desktop-only app.
The main advantage of using it is the privacy aspect. The recent implementation of the CBF (BIP157/158 compact block filters vs. leaking addresses to Electrum servers) is worth downloading it (if you care about privacy). No server ever learns your balance or transaction history. That's one of the features Keystone's app doesn't give you.