BitExchange HardID Hardware Wallet
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
We searched for Blockchain Labs and there was one in the UK, one in Malaysia, one in MIT, and many others. BitExchange is a common name as well with a defunct exchange found in archive.org. Normal text results for “BitExchange HardID” did not yield a lot of information neither. Our breakthrough came when we searched for the logo to the related GitHub page. The associated logo is linked to a Chinese company named LIGHTNINGASIC with a page that featured the BitExchange HardID Hardware Wallet. It retailed for $149 USD.
The discrepancy lies with the fact that the primary domain hardid.org did not link to purchase options which allowed users to buy the device. Lightningasic.com did.
The code is based off archived Trezor firmware.
Product Features as described from LIGHTNINGASIC:
- Easy and security to store the bitcoin.
- Generate private key random , and signature independent.
- PIN code and seeds. Double security .
- Open source code.
- Sapphire Glass
- Touch screen
- Super slim: 3.8mm only
- CNC Aluminum case
- Custom laser printing on backside
From the HardID.org documentation page:
Your bitcoin can be conveniently and safely managed through BitExchange HardID Hardware Wallet equipment. Private key’s generation, storage and signature calculation in BitExchange HardID Hardware Wallet can be finished. In the whole management process of bitcoin, private key is protected from the physical isolation,
HardID Hardware Wallet adopts OLED monochrome screen with 0.96 -inch and 128 * 64 resolution to display information, shell adopts stainless steel case with gorilla glass as protection screen, control button is touch button, update key,and it has these functions such as dust-proof and fall resistance.
How it works
As documented from the homepage and the documentation page:
- Install Offline Tool & initialize device
After buying the hardware wallet, you need to download our Offline Tool to initialize the device. When initializing the device we recommend you choose a 24 word seed and store it on paper in a safe place. It is very important that you don’t lose this 24 word secret, otherwise you will lose your cryptocurrencies.
- Install Chrome extension
Before you start using hardID, you also need to download our browser extension for Google Chrome. After installing this extension the browser will be able to communicate hardID.
Firstly, the exchange is no longer in existence. The last capture for the domain bitexchange.com.hk on archive.org was in 2019. HardID.org is due to expire in 2022.
As the “Buy” button yields “This product doesn’t exist!”, we assume it is not for sale anymore.
Tests performed by Daniel Andrei R. Garcia
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.