On one side, technology is improving and on the other side, hackers are getting smarter and more powerful. The makers of Cryptosteel claim that you need their wallet to stay safe, but is it really worth a purchase?
Let’s find out in this Cyrptosteel review.
Cryptosteel is a cold-storage steel wallet that lets you store sensitive information including Bitcoin private key. However, despite what it sounds like, the wallet is not only used to store crypto-related information.
You can also store mnemonics sentence, banking passwords, and Lastpass Master Password to ensure safety. The wallet is said to be indestructible, making it a good option for users who are concerned about the safety of their personal information.
The makers claim the wallet to be immune to pressure, acid, fire, and corrosion. This stainless steel wallet comes with engraved metal tiles that make it easy to arrange passwords.
The Basic Cryptosteel (starts at $79): This is the company’s best selling item. It can hold 24 four-digit mnemonics total, in addition to over 245 uppercase letter tiles. It also comes with blank tiles to facilitate 3-letter mnemonic words. At 455 grams, the wallet is quite easy to carry.
Cryptosteel 2-Pack Bundle (starts at $145): This is suitable for users who want more. It contains 2 double-sided cold-storage wallets. Each of the wallets can hold 24 four-digit mnemonics total, in addition to over 490 uppercase letter tiles. It also comes with blank tiles to facilitate 3-letter mnemonic words. Since it’s a 2-in-1 device, it weighs 910 grams.
Letter Sets (starts at $25): You can buy separate letter set to get the flexibility to back up more alphanumeric phrases and mnemonic seeds. It contains over 370 lowercase and uppercase letters and some blank and special character tiles.
Limited Edition Cryptosteel Open Source Launch Bundle (currently sold out): This is a collector’s edition but is not currently available on the site. The last list price was $999. It comes signed by Rafael Akahira, Cryptoseel’s contributing artist.
Each kit comes with the company’s unique packaging that’s designed by Akahira. Moreover, you will not have much of a difficulty in adding your password on the wallet. It comes with simple instructions that are easy to understand.
Expect to spend about 45 minutes the first time you get your hands on it. Once you understand how it works, you will find it easy to access your password or make changes to the stored information.
While I did not think much of this feature, the company appears to be pushing it heavily.
You can get custom engravings to give your wallet a personal touch. It may be a suitable option if you intend to gift the wallet to a friend or if you own multiple devices. Custom engravings can help you label each.
You may choose from available options or upload your own custom design. Unfortunately, custom designs are priced individually. You’ll have to get in touch with the company to know more about the associated costs.
The standard option comes with a total of 24 slots. Each slot is able to hold 4 letters – this is all you need to recover the entire word from the BIP39 word list of 2,048 possible options.
I did not personally run tests, I did see some YouTube videos that show the wallet being tested. It can bear extreme temperatures and will not sustain damage be it fire or water. In fact, it is fireproof up to 1200°C . Moreover, it comes with a unique Lifetime Satisfaction Guarantee.
This was enough to convince me about the quality of the product. It feels sturdy in hand and I also liked the feel. It’s as big as a credit card but much heavier.
The level of protection is excellent. It doesn’t matter what the wallet has to go through, the letters will still be readable.
While cold-storage wallets offer security against hackers, theft is still a possibility.
In case you lose your wallet, you should first generate a new seed. Plus, if you have Trezor or other such devices, you can add another layer of security by applying an additional password. Moreover, there is also the option to use a padlock to deter thieves. It can be bought separately.
Online security is a major concern. Most users are afraid of storing their private information on the web. It may be a good idea to invest in Cryptosteel if you have made a large investment in digital coins.
Since it is made of stainless steel, it can go undetected. You will have no difficulty in storing it, which is a great plus. Additionally, the company offers free international shipping ($150 or bigger orders).
It also offers more security than writing down your mnemonic code on a piece of paper. Plus, it’s compatible with Trezor, Ledger Nano S, and KeepKey.
It might be a little on the expensive side, but it’s worth the price considering you will not have to replace it anytime soon due to it being very durable and long-lasting. Plus, there is no risk of a security breach since the entire process is offline.
I was quite impressed when I first got my hands on the device. It looks quite neat and is easy to hold. However, remember to be careful when opening the package as it contains small items. You don’t want to lose anything.
The artwork is quite impressive as well. It gives the device a unique appearance.
It can be difficult to store and sort out the tiles. Plus, you cannot use it to store BTC addresses or other such information as it does not come with numeric tiles.
Also, some users complain about a lack of uniformity when it comes to tiles. I did not face such problems personally. If this is the case, you will have to manually polish the tiles to ensure they fit well.
Having used and reviewed Cryptosteel, I can say it delivers what it promises. If you have invested big in cryptos, then it may be a good option to buy this wallet.
Alternatives to the Cryptosteel can be found in our post on steel wallets.
Cryptosteel recently launched a new version of its wallet, called the Cryptosteel capsule. One of the main benefits is that the word are not displayed directly. You have to open the capsule to see the words, making the Capsule slightly more discreet than the original Cryptosteel.
There are two main differences between the Billfodl (read our Billfodl review) and Cryptosteel.
The Billfodl is cheaper and comes with faster shipping.
Billfodl’s built with Marine-Grade 316 Stainless Steel, while Cryptosteel is built with basic 304 construction steel.
Review by: Jordan Tuwiner