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walliT

🔍 Last analysed 10th November 2022 . Bad Interface

The design of the device does not allow to verify what is being signed!

As part of our Methodology, we ask:

Can the user verify and approve transactions on the device?

If the answer is "no", we mark it as "Bad Interface".

These are devices that might generate secure private key material, outside the reach of the provider but that do not have the means to let the user verify transactions on the device itself. This verdict includes screen-less smart cards or USB-dongles.

The wallet lacks either an output device such as a screen, an input device such as touch or physical buttons or both. In consequence, crucial elements of approving transactions is being delegated to other hardware such as a general purpose PC or phone which defeats the purpose of a hardware wallet.

Another consquence of a missing screen is that the user is faced with the dilemma of either not making a backup or having to pass the backup through an insecure device for display or storage.

The software of the device might be perfect but this device cannot be recommended due to this fundamental flaw.

The product cannot be independently verified. If the provider puts your funds at risk on purpose or by accident, you will probably not know about the issue before people start losing money. If the provider is more criminally inclined he might have collected all the backups of all the wallets, ready to be emptied at the press of a button. The product might have a formidable track record but out of distress or change in management turns out to be evil from some point on, with nobody outside ever knowing before it is too late.

Do your own research!

Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.

If you find something we should include, you can create an issue or edit this analysis yourself and create a merge request for your changes.

The Analysis 

Product Description from eBay

Quotes from the eBay seller:

WalliT is unique as it doesn’t require an internet connection or an app or any other 3rd party device.

It is 100% self contained and all the wallet generators are stored in a read only partition to prevent tampering and hacking.

It works with any internet browser enabled device, Works with all Operating systems including Android USB OTG and iOS USB Camera Adaptor (as long as it can read HTML). VERY IMPORTANT NOTE: You should only use a PC/Laptop that you know is 100% secure and offline before proceeding with using the WalliT.

IN FACT, TO GUARANTEE SECURITY OF YOUR WALLET USE A DEDICATED PC/Laptop for WALLET CREATION (and all cryptocurrency) BEST PRACTISE ONLY USE A DEVICE NEVER BEEN ON THE INTERNET!

I use a dedicated offline PC for my wallets and Laptop that is use for any cryptocurrency transactions ONLY.

I have developed the WalliT myself as I’ve lost cryptocurrency before and vowed that any cryptocurrency I HODL now that I wanted full access to both the Public and Private key.

I have XRP, BSV and XLM crypto stored on wallets I created using the Wallit and have used the public/private keys to move and store crypto with no problems so I’m confident in my device.

I’m offering 30 day money back guarantee, 1st class signed for delivery and lifetime support via eBay messaging and email and the WalliT comes with a read me file with how to use it but in a nutshell;

Connect the WalliT to an offline computer that is not connected to the internet

Go to the USB drive that appears (there is 2 USB drives the 1st being the WalliT the 2nd being the where you can save your wallet)

Double click the icon for the wallet you want to create and follow the onscreen instructions

Once you wallet is created to save it click print (or right click save) and chose to print/save to PDF choose the WalliT or another secure location and save

Make a note of your public key you can take a photo of it and now put your saved wallet in a secure location and also create a backup by copying the wallet to another location for instance an encrypted flash drive. You now have your own cryptocurrency wallet.

Analysis

Despite all its promises, it is not advisable to purchase hardware wallets from random eBay sellers. Moreover, these sellers are usually operating on their own possibly with no business registration.

The device has no display or interface the user can interact with.

(dg)