Bitcoin as a gift, what wallet to choose? (it has to be hardware)

[examplens]

As I said, I need a proposal for a hardware wallet in which I will deposit some Bitcoin amount for the purpose of a gift. It is a gift to important people and the deposited Bitcoin will not be touched for a long time (several years).

Therefore, the wallet must be easy to use, even if the people who use it are IT literate, I would like to minimize the risk of misunderstanding its use. It will be a somewhat more significant amount, not only promotional.
Also, it cannot depend on any batteries, software updates or the like, which can complicate activation after years of non-use.

For now, the option closest to what I need is https://satochip.io/ but I would like to hear other quality suggestions. I'll mention dkbit98, I know he's been following the hardware wallet topic a lot.

[Charles-Tim]

If it is open source, you can use it. It is cheap. But you can also get the user a wallet like Trrezor Safe 3 which is not also very expensive but expensive than Satoship but it is not just a card-like wallet but a real hardware wallet.

If I want to gift anyone bitcoin, I will prefer to teach the person what seed phrase, keys and addresses are and prefer to only give him the seed phrase and passphrase of the wallet that I funded and tell him its worth and the reason not to lose the seed phrase and passphrase backup and that the backup should be in different location.

[examplens]

If it is open source, you can use it. It is cheap. But you can also get the user a wallet like Trrezor Safe 3 which is not also very expensive but expensive than Satoship but it is not just a card-like wallet but a real hardware wallet.

I thought about Trezor, but the idea is not for it to be a wallet for regular use, but exclusively for long-term storage. I hope for at least 10-15 years. Additional functionality of the wallet is not a priority.

If I want to gift anyone bitcoin, I will prefer to teach the person what seed phrase, keys and addresses are and prefer to only give him the seed phrase and passphrase of the wallet that I funded and tell him its worth and the reason not to lose the seed phrase and passphrase backup and that the backup should be in different location.

When I say gift, I mean it in the true sense of the word. After it leaves my hands, I no longer need to have access to it and the new owner must be completely independent from me or any third ^{to learn} party.
Like I said, a period of 10-15+ years. Who knows what will happen to me during that time.

[ABCbits]

For now, the option closest to what I need is https://satochip.io/ but I would like to hear other quality suggestions. I'll mention dkbit98, I know he's been following the hardware wallet topic a lot.

Honestly, SatoChip seems to be best option since similar device is more expensive or doesn't provide source code. CoinKite's TapSigner could be an alternative since the company have been around for some time, but recently they got accused for attacking open-source project.

Therefore, the wallet must be easy to use, even if the people who use it are IT literate, I would like to minimize the risk of misunderstanding its use.

If it is open source, you can use it. It is cheap. But you can also get the user a wallet like Trrezor Safe 3 which is not also very expensive but expensive than Satoship but it is not just a card-like wallet but a real hardware wallet.

I thought about Trezor, but the idea is not for it to be a wallet for regular use, but exclusively for long-term storage. I hope for at least 10-15 years. Additional functionality of the wallet is not a priority.

Fulfilling those two requirement is difficult task. After that long, you may have difficulty finding guide or software in order to move the coin from the hardware wallet.

[examplens]

Fulfilling those two requirement is difficult task. After that long, you may have difficulty finding guide or software in order to move the coin from the hardware wallet.

That is what worries me the most. For such a long period, it is easily possible that the company that produces the hardware ceases to exist and therefore ceases to provide support. Maybe I should save to offline drive all the documentation and current software that would reduce the risk, but not completely.

[dkbit98]

For now, the option closest to what I need is https://satochip.io/ but I would like to hear other quality suggestions. I'll mention dkbit98, I know he's been following the hardware wallet topic a lot.

Cards from Satochip are a great choice, but make sure to choose the correct one for your use case.
Satochip is more like a hardware wallet, Satodime is used as the bearer cold storage, and Seedkeeper for storing encrypted seedphrase.
I like the card format and you can add any card sticker to customize it exactly like you want.

Another option is to give someone just seed words in stainless steel, that can be plain washers with stamped words with a bolt.
There are also ready made products that are more expensive.

PS
I wouldn't waste many on any hardware wallets with built-in batteries.

[bayu7adi]

For $25 it's pretty cheap, and I think it's a great package to use to give bitcoin as a gift...does the recipient also need to use the card reader? If so, that means we have to prepare $45 to buy the card and the card reader... and I'm starting to think the Trezor model one might be worth considering since it's $34... the harder it is for the recipient to understand how to use it, the longer they will hold it... and while we're still teaching them how to use it, if they want to add money to the wallet.

For me, I trust Trezor more, but the decision is also in your hands, adjust it to your ego and your needs... I'm sure it's also the best for you when you make a decision with your consideration.

BTW.. Are you inserting a marketing strategy here? Initially I never thought of giving BTC as a gift with Satochip but now I am starting to be interested in satochip... I kind of think this idea is not bad either

[examplens]

For me, I trust Trezor more, but the decision is also in your hands, adjust it to your ego and your needs... I'm sure it's also the best for you when you make a decision with your consideration.

I'm not sure what will happen to Trezor One in 15 years. Will there be any support for him?

[dkbit98]

I'm not sure what will happen to Trezor One in 15 years. Will there be any support for him?

I don't think so.
My theory is that they are slowly going to stop posting updates For Tezor One after they release they long awaited device with Tropic Square chip.
They are surely going to stop manufacturing it in near future, and this is to be expected for first ever hardware wallet in the world.
Let's not forget that developers from trezor also gase as BIP39 that most of the people use today.

[bitmover]

If it is open source, you can use it. It is cheap. But you can also get the user a wallet like Trrezor Safe 3 which is not also very expensive but expensive than Satoship but it is not just a card-like wallet but a real hardware wallet.

I would certainly go on a Trezor device.

This is a very old and reputable wallet. Certainly one of the best crypto related products around.

It is easy to use... anyone can just google Trezor and find how it works

[BitMaxz]

How about Bitbox 02 Bitcoin Edition? I like this one because it is way easier to use I think that it supports only BTC so that your friend won't be confused.
Is it more confusing to use a hardware wallet that supports multiple coins than a simple hardware wallet like the Bitbox02 BTC edition?

The only problem is it is a bit more expensive than just buying Trezor. For cheap wise then I choose trezor one.

We don't know how long hardware wallets last but I think better make an offline wallet with tails in a USB flash drive. According to Google, a flash drive can last 10 years to 100 years, depending on how you store it. Having silica gel will protect it from moisture.

[bitmover]

How about Bitbox 02 Bitcoin Edition? I like this one because it is way easier to use I think that it supports only BTC so that your friend won't be confused.
Is it more confusing to use a hardware wallet that supports multiple coins than a simple hardware wallet like the Bitbox02 BTC edition?

The only problem is it is a bit more expensive than just buying Trezor. For cheap wise then I choose trezor one.

I had to Google about it to see. Beautiful one.



Personally, I still prefer a trezor but both are nice.

We don't know how long hardware wallets last but I think better make an offline wallet with tails in a USB flash drive. According to Google, a flash drive can last 10 years to 100 years, depending on how you store it. Having silica gel will protect it from moisture.

After 6 years my ledger visor gone black. I had to replace it.

It costed like 3 usd from China (alibaba)
I hope it lasts more 6 years 😀

[dkbit98]

How about Bitbox 02 Bitcoin Edition? I like this one because it is way easier to use I think that it supports only BTC so that your friend won't be confused.

This is a fine device, but I wouldn't give this or any other classic hardware wallet to someone who don't know anything about bitcoin and how it works.
I am sure they wouldn't  know how to use it even with instructions, and same goes with Trezor devices, maybe they are easy for us, but not for most of the normies.
They all have to have firmware updates and OP said he doesn't want that.

Some of the seed backup solutions seems like a good durable option for long term, and they don't need to be updated:
https://thebitcoinhole.com/seed-backup

[rdluffy]

It's an interesting idea
I've already given BTC as a paper wallet, I just printed it out, put BTC in the address and gave it as a gift
But to last that long I can only think of one idea, something like the cryptosteel, some metal object where you record the seed and give it to the person.

In a few years any hardware can fail, with or without batteries

That is what worries me the most. For such a long period, it is easily possible that the company that produces the hardware ceases to exist and therefore ceases to provide support. Maybe I should save to offline drive all the documentation and current software that would reduce the risk, but not completely.

In this case, the most important thing is to choose a wallet that have the standard BIP39 for example
Even if they stop to produce and sell hardwallet, you can continue using in another wallets, and in extreme situations, you just need your seed to put in another wallet
The important thing here is the seed / private key

[albon]

Speaking of hardware wallets you must know that a hardware wallet is a great option if you are looking for a safe and convenient way to store your coins. They are considered the safest way to store your cryptocurrency, as they are not as vulnerable to hacks as certain software wallets. Hardware wallets allow you to securely backup your keys, so you can keep your keys in case you lose your device and you can always recover your funds. Trezor is another popular choice as it is one of the most secure wallets available. On the other hand, Keepkey is second on my list due to its ability to balance features, security and cost.