Crypto investigator ZachXBT criticized hardware wallets Thursday, calling them unreliable for signing transactions or storing meaningful funds.
In his view, all hardware wallet solutions present today fall short on security and usability, making them unsuitable for high-stakes operations.
He recommends using a dedicated iPhone solely as a signing device, stripped down for wallet purposes only. This approach, he said, offers better control and fewer vulnerabilities than traditional hardware wallets, though he added the tongue-in-cheek caveat: “Only do this if you are not low iq.”
The investigator singled out Ledger as the worst offender, pointing to frequent Ledger Live updates that unnecessarily overhaul the UI and apps, often breaking basic functions in the process. The post quickly sparked debate ion crypto social media, with users sharing their own experiences with hardware wallet frustrations.