Author Topic: OpenDime or Hardware Wallet?  (Read 5 times)

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OpenDime or Hardware Wallet?
« on: February 15, 2020, 01:30:20 AM »
There's this thing called the "OpenDime" which claims to be some sort of "Bitcoin Credit Stick". You can carry it around anywhere, pass it along to your friends, without compromising the integrity of the funds contained herein. You'd know that an "OpenDime" wallet's funds have been redeemed if its tamper-evident seal (in this case by unsealing the device with a Push Pin) is broken. They also have a Litecoin version at an affordable price than a regular hardware wallet like the Trezor or the Ledger Nano S.

I'd like to know which is better to use (OpenDime or hardware wallet) for day-to-day transactions? I've been using a hardware wallet for a long time now, but the "OpenDime" seems to be quite an attractive option for storing Bitcoin safely without breaking the bank. Of course, hardware wallets like the CoolWallet S or the Ledger Nano S provide a wide-variety of cryptocurrencies to choose from (unlike the "OpenDime" which is purposed for one coin at a time). But if it proves to be a great alternative to hardware wallets, I'd think most crypto users would go this route since it's the cheapest option to store (and spend) crypto anytime, anywhere.

What are your thoughts? Is this worth it? Or am I better off using a hardware wallet?