Blockstream Jade Review: What’s Best For Your Crypto Security?

Cyber threats to your crypto are no joke and with Bitcoin and other cryptocurrencies becoming more adopted and utilized globally, hacking has unfortunately become more frequent.

Luckily, there are solutions for protecting your crypto private keys, such as crypto hardware wallets.

From the variety of wallets available, it can be hard to know which one is best for you.

In this post, we’ll highlight the Blockstream Jade along with its features and compare how it holds up to other hardware wallets on the market.

Meet the Blockstream Jade Wallet

Founded by a team of cryptographers in 2014, Blockstream prides itself on its advanced Bitcoin and blockchain technology.

Some of their projects include sidechains like Liquid Network and the main focus is to provide solutions for Bitcoin’s scalability, functionality, and privacy.

So, it’s no wonder that when the company released its version of a hardware wallet, the Blockstream Jade, it grabbed the attention of many crypto investors who value open-source Bitcoin communities.

What Is The Liquid Network

The Liquid Network is a Bitcoin sidechain. It was developed by Blockstream and provides quicker and more private transactions.

To use it, you need to move Bitcoin from the main blockchain to the Liquid sidechain. You can then continue with your transactions for further privacy, such as hidden and confidential transactions.

It is particularly popular with traders who want to transfer larger amounts of BTC quickly and securely.

Key Features of Blockstream Jade

The Blockstream Jade stands out among other hardware wallets due to its interface.

Its display is small yet clear and has fairly easy navigation. It is not a touch screen, but it has buttons that allow you to scroll through menus.

The hardware wallet is designed to connect with the Blockstream Green app, which is available as a desktop and mobile platform.

You can manage your Bitcoin and other Liquid Network assets from the app directly.

The Blockstream Jade also is compatible with other wallet software if you prefer.

The Jade Wallet connects both via Bluetooth and USB-C connectivity. This is an additional plus as you do not need to enter your private keys into any online system.

You charge the device with the USB via a power bank, laptop, or wall adapter.

Pricing is very affordable, starting at $64.99, however, packages, including seed phrase recovery wallet and accessories, can go for $300 and upwards.

How To Set Up and Use The Blockstream Jade

Luckily, getting started isn’t too difficult, especially if you are familiar with electronic hardware devices.

1. Unboxing Your Jade

• You will find the hardware wallet device, a USB-C cable for data transfer and charging, and a start manual.
• Please make sure that the packaging is properly sealed. If you suspect the device had been previously opened, contact Blockstream.

2. Charge the Device

• Plug it in and fully charge the device before starting the setup process.

3. Power On

• Press and hold the power button on the side of the device to turn it on.
• You’ll see a welcome screen that initiates the setup process and to create a new wallet.

4. Install and/or Update Firmware

• Make sure to always have the latest firmware on your device.
• Follow the instructions provided to install the firmware using your computer.

5. Create a Recovery Seed

• The device will prompt you to generate a recovery seed phrase, typically between 12 and 24 words long.
• This seed phrase is crucial for regaining access to your crypto in case your device is stolen, lost, or damaged.

Remember: Always store your recovery seed phrase on a cold wallet backup for added safety.

6. Download the Blockstream Green App

• On your smartphone or computer, download the Blockstream Green Wallet app. It’s available for both iOS and Android and desktop platforms.

7. Pair Your Device

• Either via Bluetooth or USB-C.

8. Create a PIN Code

• Next, you’ll set a personal identification number.

9. Finalize Setup in the App

• The app will guide you through the final steps to sync your wallet and confirm that everything is set up correctly.
• You’ll be able to see your wallet balance from the app’s dashboard.

Blockstream Jade Security Features

The Blockstream Jade was designed with multiple layers of security to protect your Bitcoin.

☑️Seed Generation
☑️Open-Source Hardware and Firmware
☑️Secure Enclave – It doesn’t use a traditional secure element chip but rather a dual-chip design.
☑️PIN Security
☑️Transaction Verification
☑️Encrypted Communication – Between the device and app, the communication is encrypted.
☑️Firmware Updates

What Users Are Saying About the Blockstream Jade

Generally speaking, the Blockstream Jade has been well-received within the crypto community, especially by Bitcoin enthusiasts who want open-source technology.

On various platforms like Reddit, BitcoinTalk forums, and various review sites, users often discuss the wallet’s reliable performance.

The Jade wallet’s open-source hardware and firmware are crucial to the integrity of its security.

Many users discuss how the community aspect aids the wallet’s functions, allowing for auditing the code to add to its security.

On the flip side, many unhappy users complain mainly about battery life, and how “janky” the device is.

Additionally, some have complained about the lack of customer support and solutions offered.

Pros and Cons of the Blockstream Jade Wallet

Alternatives to Blockstream Jade

Although the Blockstream Jade is a good choice for storing your Bitcoin, there are other options available that may suit your specific needs better.

Material Bitcoin

Material Bitcoin is an easy-to-use, straightforward cold storage wallet. It is designed to be simple, no fuss with the highest of security and self-custodial wallet.

Material Bitcoin stores your private keys 100% offline and never connects to the internet. There is no connection required to a third-party device or app to function. This is the best option for beginners and long-term holders who want the top security for their BTC.

D’Cent Wallet

The D’Cent Wallet is a biometric hardware wallet that uses your fingerprint for authentication. Supporting a wide range of cryptocurrencies beyond Bitcoin—including Ethereum and various ERC-20 tokens. It’s a good choice for those who want a diverse crypto portfolio.

BitBox02

The BitBox02 is known for its compact design and open-source firmware. It’s available in two versions: Bitcoin-only and Multi-Edition.

Coldcard Wallet

The Coldcard Wallet is a Bitcoin-only hardware wallet that is fully open-source and is best for experienced users who are comfortable with a more technical setup.

For more information on other crypto hardware wallets, check out the following articles:

Final Thoughts: Is Blockstream Jade Right for You?

If you’re a Bitcoin lover who wants an open-source hardware wallet, then the Blockstream Jade might be what you’re looking for.

It’s ideal for users who are primarily focused on Bitcoin and Liquid Network assets.

However, if you’re seeking a straightforward, secure cold storage solution without extra features, Material Bitcoin is worth checking out.

It provides an intuitive and reliable way to store your Bitcoin offline, perfect for those who prefer simplicity with maximum security.

FAQs

Is the Blockstream Jade wallet user-friendly?

• Yes, it’s designed to be easy to use however some beginners may find it too complicated and overwhelming due to multiple set-up steps and app pairing.

Does Blockstream Jade support cryptocurrencies other than Bitcoin?

• It supports Bitcoin and Liquid Network assets. It doesn’t support other cryptocurrencies.

How does Material Bitcoin compare to Blockstream Jade?

• Material Bitcoin offers a simple, and secure Bitcoin storage solution without extra features. It has no screen or electronic components, making it 100% real cold storage.