The Ballet Wallet is a fabulous solution for:

• Novices


• Those with under $100k in crypto


• Want to have some of their crypto easily accessible or transferable, but they don't want to have 100% of it on their smartphone.


• Gifting crypto


• Inheritance 

Ballet Wallet could be used in conjunction with hardware wallets like the Ledger or Coldcard.

https://www.youtube.com/watch?v=WdchkistGQY

If you liked my unbiased review of the Ballet Wallet and you'd like to buy one or some other crypto wallet, please use the appropriate affiliate link below to help support this channel and get a discount.

Prices sometimes change after I made the video:

- Buy a Ballet wallet direct from the manufacturer & 5% off.

- Buy a Ballet wallet from Amazon in 1 unit ($35) or 3-pack ($80-100) or more.

BUY COINKITE'S COLDCARD or OPENDIME.

BUY A LEDGER.

Securing your cryptocurrency is paramount, but there is no one-size-fits-all solution.

Check to make sure:

• 
  

  QR Code sticker hasn’t been peeled off

  
  


• 
  

  The passphrase scratch-off has no scratches

  
  


• 
  

  All the serial numbers are on the top of the wallet

  
  


• 
  

  (Optional) Use a UV light to make sure the Ballet ‘B’ logo and the words ‘BITCOIN’ are shown on the top QR Code sticker

  
  

 I review:

• 
  

  How to download the Ballet Crypto App

  
  


• 
  

  How to add the Ballet wallet into the Ballet Crypto App

  
  


• 
  

  Show how the app looks like

  
  

I was not able to:

• 
  

  Show the ‘Buy Crypto’ and ‘Exchange’ functions

  
  


• 
  

  Show that you can add in different types of cryptocurrencies

  
  

Things I mentioned

1. 
   

   Brief introduction of Ballet (when it started, who the founder is, etc.)

   
   


2. 
   

   The most easy-to-use non-electronic, physical wallet

   
   


3. 
   

   It has the same level of security as other wallets

   
   


4. 
   

   The two components of the encrypted private key and the passphrase are created in two different locations and have never been interacted with each other

   
   


5. 
   

   The actual unencrypted private key has never been revealed until the user signs and sends a transaction

   
   


6. 
   

   Safe to use, easy to use, and great for gifting

   
   


7. 
   

   No need to write down or memorize a 24-word mnemonic seed phrase

   
   


8. 
   

   Great for long term cold storage

   
   

Additional info:

1. 
   

   Follow Ballet on Twitter.

   
   


2. 
   

   The BIP38 technology behind the Ballet wallet.

   
   


3. 
   

   The Two-Factor Key Generation process.

   
   


4. 
   

   The differences and similarities between BIP38 and BIP39.

   
   


5. 
   

   The open-source decryption/verification website tool (recommended to use while disconnected from the internet).

   
   

  
And for your reference, below are some other BIP38 implementation tools (besides the Ballet Wallet app and its own open-source website tool above) that you can use to reveal the unencrypted private key:

• https://www.bitaddress.org/


• https://github.com/bitcoinjs/bip38


• https://iancoleman.io/bitcoin-key-compression/

More info

You can post comments, ask questions, and sign up for my newsletter at http://wanderlearn.com.

If you like this podcast, subscribe and share! 

On social media, my username is always ftapon. Follow me on:

• http://facebook.com/ftapon


• http://twitter.com/ftapon


• http://youtube.com/user/ftapon


• http://pinterest.com/ftapon


• http://tumblr.com/ftapon

My Patrons sponsored this show!

Claim your monthly reward by becoming a patron at http://Patreon.com/FTapon

Rewards start at just $2/month!

Affiliate links

Start your own podcast with the same company I use, Podbean, and get one month free!

https://www.podbean.com/ftapon

 In the USA, trade crypto with Kraken

 

https://r.kraken.com/c/2226643/687189/10583 

Outside the USA, trade crypto with Binance and get 5% off your trading fees!

 

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit ftapon.substack.com