Satochip: First Hardware Wallet for eCash (XEC)
Although hardware wallets like Ledger and Trezor can be made to work for storing eCash (XEC) by a work around that currently “works” but only after mental gymnastics. The latest release of Electrum ABC has ensured even first time users can now and in the future use SatoChip hardware wallets for storing eCash (XEC). With that the first hardware wallet support for eCash (XEC) is now a fact.
Simple But Effective
This very simple but effective device consists of a bankcard like chipcard and a separate card reader and can be used for a number of currencies like Ethereum, Bitcoin, Litecoin and now also for eCash. Satochip stands for Secure Anonymous Trustless and Open Chip. The code loaded on the chip is fully open source and for the user interface it relies on reputable community developed wallet software like Metamask, Electrum and now also Electrum ABC.
Electrum ABC and Satochip
Knowing that the Electrum ABC wallet is being developed and maintained by eCash’s development team, BitcoinABC, means that the wallet will follow any and all of the future eCash upgrades.This is one of the uncertainties with using one of the other hardware wallet solutions that currently have no native eCash (XEC) support.
Using the latest Electrum ABC 5.0.3 software (desktop only), the SatoChip card can be used to set up a wallet. The Electrum software reliably generates the 12 word seed and helps you set the pin for the card. Unlike other non native options Satochip can even be set up using the normal 899 eCash derivation path. After the wallet is set up it can only be accessed and the coins only moved when the card is in the reader and the card's pin code has unlocked it. At a total price starting at 40 Euro (approximately 46 USD) for a card and a reader this is a very affordable hardware wallet solution.
Design Your Own Card
The available designs on the card are as of yet not eCash focused but you can pick any of the available designs and they will work fine also for storing eCash (XEC). For an extra 10 Euro you can choose to customize your card so if you want an eCash branded card all it takes is some creativity. A customized card will be printed especially for you and shipped from Belgium within 24 hours of receiving your payment. This option also gives you the opportunity to choose a very innocent looking loyalty card type design so the hardware wallet is almost impossible to recognize between other such cards you own. This means it is not only securing your coins against online threats but also against more conventional risks.
Buy with Crypto and Other Options
The card and card reader can be bought directly from the creators at Satochip.io and paid using Apple Pay, Credit Card (using Stripe), a variety of Cryptocurrencies (using Coingate) or Bankcontact (a Belgium Debit Card payment option). Currently buyers can not use eCash to pay for their SatoChip card and reader, but through Coingate’s partner Changelly over 150 other cryptocurrencies can be used to buy your hardware wallet to safely store your eCash (XEC)
Black Friday Deal
A SatoChip Tweet reveals that there is currently a Black Friday discount offer in partnership with payment processor Coingate. Until the end of November buyers enjoy 20% discount plus free worldwide shipping when using the promo code CRYPTONOVEMBER. “Designer edition” cards are excluded for this special offer and shipping is without tracking information. Cards and readers can be ordered at https://satochip.io/shop/
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