Binance, one of the biggest cryptocurrency exchanges got hacked in May of 2019 and hackers stole over 7000 BTC. While in February of 2020, Altbit got hacked and around $70,000 worth of cryptocurrency was stolen. Not to mention, the data of thousands of users that was stolen alongside the cryptocurrencies…
Here is the thing, if giants like Binance and Altbit can be hacked then what’s preventing your wallet from getting hacked? Online wallets can be easily hacked with mere malware in your system. And since cryptocurrency is a decentralized and digital asset, once the hacker has stolen your assets, the transaction can’t be reversed.
I know what you’re thinking…“But I can use hardware or desktop wallets to secure my cryptocurrencies, huh!”
That is not a good idea either as there are several issues associated with them as well…
1) They have complicated setup procedures and if you’re not tech-savvy then good luck with all the headaches and frustration.
2) A mere faulty backup can lead you to permanently lose your funds.
3) Regular firmware updates are required and there is a risk of bricking your device.
4) Again, they are also prone to hacking and phishing attempts.
5) And many other problems…
At this point, you must be wondering; what’s the best hardware wallet to store your cryptocurrencies?
World’s first Multi-currency Non-electronic Physical wallet with 100% Offline Storage of cryptocurrencies. This is the most secure and easy-to-use cryptocurrency wallet on the planet. Period.
Here are some of the amazing features of this wallet:
1) Super-easy to Use:
Many Traditional hardware wallets require complicated setups, KYC information, your name, mobile number for SMS authentication, registration process, passwords, pin codes, and so on. This makes it extremely difficult for less tech-savvy people to use them nevermind the people; who wish to maintain their right to privacy.
With Ballet Cryptocurrency Wallet, you don’t have to worry about any of the complicated setups or registrations. Its innovative technology enables you to directly deposit your Bitcoins or other cryptocurrencies by simply scanning the QR code on the wallet on the outside of the wallet. It gets even better. If you choose to download the Ballet Global App you can use the app to store over 50 other cryptocurrencies plus all ERC-20 Tokens. “It’s a pretty powerful tool” says one user.
You can use any of the cryptocurrency ATMs, teller-machines or exchange to deposit Bitcoin and other cryptocurrencies in your Ballet Wallet by simply scanning the QR code.
This wallet is created for people of all ages regardless of their backgrounds or geographical locations. Crypto enthusiasts and investors ranging from 9 years old to 99 years old can all use this wallet easily. There are technical barriers and no complicated setups.
2) Extremely Safe
Ballet Wallet doesn’t have any electronic components, wires, USB connections, chips or other electronic hardware. This makes it free from any firmware upgrade or prone to hacking. Once the funds are deposited in this wallet, they are stored 100% offline and are extremely secure.
Ballet adopts the industry’s first 2-factor Key Generation (2KFG). To understand what 2KFG is, let us look at how the fund transfer from Ballet Wallet works…
Two keys are required to transfer any funds from the wallet:
a) Encrypted Private Key - you’ve to peel off the QR sticker and underneath it is the encrypted private key.
b) Wallet Passphrase - you scratch the bottom of the wallet which reveals the wallet passphrase that is laser etched on to the wallet.
To make the whole process super-secure, we don’t use the same facilities to create the two encryption keys. The encrypted private key is engraved on the wallet in China while the wallet passphrase is laser etched in the USA. So, both key generations take place literally thousands of miles away on different geographic locations.
This ensures that not even the employees of Ballet Cryptocurrency Wallet have access to your private keys. You receive Ballet Wallet as a virgin and only you have access to its private keys. And only you can transfer the funds.
How is that for safety?
3) Reliable
Peter Schiff, a famous investor advisor was recently on twitter claiming he forgot his password to his cryptocurrency wallet. Pete is a pretty intelligent guy and was introduced to the crypto space by Erick Voorhees. The fact that he lost his password (he eventually was able to find it) means this problem is rampant in the space. People don’t download digital wallets with the intention of losing their coins, nevertheless, they often do.
Ballet Wallet is extremely reliable as it doesn’t have complicated passwords or pin codes to remember. So, there is no risk of losing access to your funds if you forget your password a few years from now.
We are making the core software used in the making of the Ballet Wallet open-source. So, even if our company shuts down or our mobile app (more on it later) is no longer available, you’ll still have access to your cryptocurrency assets.
This wallet is truly built to last and is completely future-proof. You can store your cryptocurrencies on this physical wallet just like you would physically store your FIAT, gold, or other currencies.
It’s made with stainless steel material, so you can throw it under your mattress or put it inside a time capsule. It will still retain your crypto assets securely and you can get access to them whenever you want.
4) User-friendly Optional Mobile App
Another exciting feature of our Ballet Wallet is the mobile app that you can download and use to check your funds, receive cryptocurrencies, or even transfer them. There is no login or account creation required.
You can check the value of your portfolio hassle-free using our mobile app.
The most important feature of our mobile app is that it doesn’t require any passwords and doesn’t store any information about your wallet. It uses the industry-standard BIP 38 protocol for a private key generation so it’s 100% secure.
It is 100% optional to use this app as transferring or receiving funds is not dependent on this app. You can transfer or receive funds directly to the physical Ballet Wallet easily using the QR code and passphrase on the wallet.