Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
The Satochip has a sealing function which is executed from the Satodime Tool, a source-available software on GitHub.
From this product’s homepage:
Imagine a highly secured small form-factor hardware wallet where you can store your favorite cryptocurrencies … Using the most secured chip with an embedded quality code, we can bring you a new way to store, share and secure your assets.
Satochip is a crypto-card with multi-crypto support. It can use software or android wallets to make transactions.
Satochip hardware wallet is supported by many well known and widely used software client such as Electrum, MyEtherWallet or Metamask. The card is NFC ready.
From the FAQ:
To use it, you will need :
- A chip card reader (available at our shop),
- A dedicated client (Electrum (BTC), Electron Cash (BCH), Electron Cash SLP (SLP tokens), Electrum for Litecoin (LTC), MyEtherWallet (ETH and ERC20) or Metamask with the Satochip plugin.
- Plug it on your computer by using the chip card reader, start the Satochip client, initialize your Satochip hardware wallet and enjoy.
As this product is a crypto-card and has no interface, it cannot confirm or approve of transactions.
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.