The Ballet Wallet is different from other traditional hardware wallets in that it has no electronic components.
It functions as a cold storage wallet by storing your private keys offline.
Comparable to our Material Bitcoin wallet and a few others on the market, we are here to provide a full Ballet Wallet review.
We will go over its design and functionality, highlight its security features, and compare it to other cold storage options.
What Is the Ballet Crypto Wallet?
The Ballet Wallet was founded in 2019 by Bobby Lee and a team of cryptocurrency industry OGs.
Ballet is a U.S.-based company that prides itself on giving simple and secure cryptocurrency storage solutions for the global mainstream market.
It is a non-electronic hardware wallet designed for ease of use.
Its credit card-style design has a QR code that takes you directly to the wallet’s public address for depositing funds.
Some of its security features at first glance include a tamper-evident sticker that covers part of your private keys and a scratch-off strip that hides your passphrase.
The Ballet Wallet emphasizes non-custodial storage giving you full control of your private keys without needing to depend on an electronic interface.
However, we will discuss the reality of this point in further detail later in our Ballet Wallet review.
How Does Ballet Wallet Work?
The Ballet Wallet can be set up in three steps.
1. Your Pre-Generated Public and Private Keys
Each Ballet wallet already comes with a pre-generated public address and a private key that is embedded in the physical card.
⚠️ Warning
Before depositing crypto to your Ballet Wallet, check that the QR code sticker and passphrase scratch-off are intact.
If either appears exposed or altered, DO NOT USE IT.
2. Download the Ballet Wallet Companion App
While the wallet will function without the app, Ballet offers a mobile app that is meant to unlock your private keys and manage your crypto assets.
3. Use the Ballet Wallet App to Complete Transactions
You can now check balances, manage multiple wallets, import crypto from other wallets and exchanges, as well as swap your crypto assets all in the app.
✅ Pros & ❌ Cons of Pre-Generated Key Systems
| Pros | Cons |
|---|---|
| User-Friendly Setup | Trust Dependency |
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| Immediate Accessibility | Potential for Uniformity |
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| Reduced Technical Barriers | Limited User Control |
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While pre-generated key systems provide ease of use and quick access, they require a high level of trust in the key-generating entity and may not provide the same level of security control as user-generated keys.
At Material Bitcoin, your wallet’s keys are created safely and anonymously, using an audited system for secure key generation.
🔐🛡️Secure, Offline, and Open-Source Generation
The private key is created using a secure, offline, and open-source engine to guarantee transparency and security.
⚡📉Native SegWit Support
Uses the bech32 address format, improving its efficiency and reducing transaction fees.
🤖🔩Fully Automated Process
Your private key is generated and engraved onto the metal plate using a robotic system, eliminating human intervention.
🚫📁No Key Storage
Once the private key is engraved, it is permanently erased from our system, guaranteeing that no copies are stored.
Features of Ballet Wallet
Knowing if Ballet Wallet is a good choice for use, compared to all the other crypto cold card wallets out there, all comes down to its features.
Security Measures
There’s no doubt that in the world of crypto, using a cold storage wallet is vital for your crypto’s safety.
The Ballet Wallet uses a pre-generated private key system. This approach makes the user experience simpler, and accessible to those without technical expertise.
However, it requires users to trust that the key generation process was conducted securely and without the retention of key copies.
Each wallet has a tamper-evident sticker covering some of the private key information, while the passphrase scratch-off strip that conceals the other part of the private key is on the bottom of the card.
You must scratch off this strip to reveal the complete key.
🤔Something to consider is how your private key is generated using the Ballet Wallet:
You must generate the full private key by combining the private key entropy and passphrase entropy within the Ballet app.
This means that there is a need to access the third-party mobile application to gain custody of your private key, potentially leaving traces on the app itself.
Supported Cryptocurrencies
Ballet supports a wide range of cryptocurrencies, including major assets like Bitcoin (BTC) and Ethereum (ETH).
There is a Multi-Currency feature that allows you to manage multiple assets in one single wallet.
You can also access numerous altcoins and tokens, including all ERC20 (Ethereum) and BEP20 (Binance Smart Chain) tokens.
You can activate deposit addresses for these coins and tokens through the Ballet mobile app.
Accessibility
In theory, the Ballet Crypto Wallet requires no setup, allowing you to start receiving crypto funds immediately.
However, if you want to access your private key and other features, you must use the mobile app.
The wallet operates without the need for firmware updates or complex recovery processes, providing a straightforward and user-friendly experience.
However, this does raise concerns in terms of security and cold wallet backup protocols in case of card damage and/or theft.
Price
Ballet offers different wallet models to cater to various user needs.
The REAL Series is considered their cold storage option.
It supports over 1,000 coins and NFTs, perfect for a diverse portfolio.
You can purchase the stainless steel version for $39 or the gold-plated card for $99.
Ballet Wallet vs. Other Cold Storage Solutions
There is no argument as to why you should use a cold wallet, but knowing which one can be difficult.
When choosing a crypto wallet, security, ease of use, supported cryptocurrencies, and price are important factors to take into consideration.
Here is a comparison of the Ballet Wallet with other popular cold storage options, including Material Bitcoin, Tangem Wallet, and Arculus Wallet.
Each wallet has its strengths and trade-offs, making them great options for different types of users and their needs.
Cold Card Wallet Comparison
| Feature | Ballet Wallet | Material Bitcoin | Tangem Wallet | Arculus Wallet |
|---|---|---|---|---|
| 🔐 Security | Pre-generated private keys require user trust. | 100% offline security with no pre-generated keys. | NFC-based authentication requires a smartphone app. | 3-factor authentication (biometric, PIN, NFC card). |
| 😀 Ease of Use | Easier for beginners, requiring no setup. | Allows users to generate their own seed phrase for full control. | Requires a phone to access funds. | Requires a smartphone app for access. |
| 🪙 Supported Cryptos | Supports multiple cryptocurrencies. | Bitcoin-only for focused security. | Supports multiple cryptocurrencies but requires a connected device for transactions. | Supports various cryptocurrencies and NFTs. |
| 💰 Pricing | Varies based on the model. Ranges from $39 to $99. | Competitively priced at $89. | Depends on the card set: Two-card set: $54.90 Three-card set: $69.90 |
$99 per card. |
Should You Buy the Ballet Crypto Wallet?
From our Ballet Wallet review, we hope that you’ve been able to understand how it works and whether or not it is the best option for you.
Ideal For:
- Beginners who want a hassle-free multip-crypto wallet.
- An on-the-go user who wants to be able to access their portfolio from their phone.
- Gifters, the PURE series cards are pre-loaded Bitcoin storage cards. These are perfect for friends and family who want to start investing in crypto but don’t know how!
Consider Alternatives If:
- Advanced users who want advanced features to manage their crypto, such as transaction privacy or integration with decentralized apps, then you might find the Ballet wallet limiting.
- Users who want real cold storage should look towards Material Bitcoin or other alternatives as Ballet Wallet isn’t truly a cold wallet if you must download a companion app and use it to access your private key.
- Looking for a durable and element-resistant crypto wallet. The Ballet Wallet is made from metal but is not fireproof.
Choosing the Right Cold Storage Solution
The Ballet Wallet is a great option for crypto investors who are looking for an easy-to-use multi-crypto wallet.
Since the physical device is non-electronic, you don’t need to worry about charging the hardware device or screen failure.
However, if you are searching for a true cold crypto wallet, then Material Bitcoin offers a slightly better alternative.
It provides 100% offline security, that doesn’t require a mobile app or connectivity to another device.
Your private keys are generated securely and privately.
Both Material Bitocin’s hardware and software are audited and certified by the independent IT consulting firm Telematics, S.L.
If security and complete ownership are your top priorities, then Material Bitcoin is there for you.
Regardless of your choice, we hope that our Ballet Wallet review has helped to guide you in the right direction for your crypto storage requirements!
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FAQs
Is the Ballet Wallet safe to use?
- Yes, Ballet Wallet provides offline storage with a tamper-proof design. However, since it relies on a mobile app to fully unlock your private keys and manage crypto, it is arguably not 100% cold storage.
Can I store multiple cryptocurrencies on Ballet Wallet?
- Yes, Ballet Wallet supports Bitcoin, Ethereum, and many other cryptocurrencies through its Multi-Currency feature.
Does Ballet Wallet require an internet connection?
- No, Ballet Wallet is a completely offline, non-electronic storage solution if you want to send crypto to the wallet. However, if you want to manage transactions and your portfolio, you must access the Ballet Wallet app.
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