D’Cent Wallet Review: Is It a Good Option For You?

With over $1.38 billion worth of crypto stolen in the first half of 2024 alone, it’s no wonder that investors are searching for the best hardware wallets on the market.

D’Cent is a hardware wallet that promises top-notch security, with an easy-to-use interface.

Let’s see if it lives up to its promises.

Using a Hardware Wallet for Top Security

Securing crypto has become a big concern not only for individual investors but also for larger institutions.

As digital assets have begun to gain acceptance within larger industries, the risks of protecting your crypto have also escalated.

Cybercrimes are on the rise as more sophisticated tech and methods are developed to steal and gain access to your crypto’s private keys.

Using a hardware wallet has become the most effective way to safely store cryptocurrencies.

Unlike software wallets, also called hot wallets, hardware wallets store your private keys on the physical device. Giving you self-custody of your assets.

But, it’s also important to understand the difference between cold storage vs. hardware wallet solutions.

Not all hardware wallets are considered cold wallets, and this is another important point to consider when picking a hardware wallet for your crypto.

The D’Cent Wallet

Developed by IoTrust, a South Korean company with a background in biometric technology, D’Cent aims to provide top security for crypto assets.

Since launching, the D’Cent wallet has not stopped adding to its roster of innovations.

With constant tech updates and new upcoming features set in place for launch, this is a hardware wallet ideal for the tech-savvy.

It supports a wide range of cryptocurrencies and has Bluetooth connectivity for pairing with your mobile device.

D’Cent has integrated biometric security, using fingerprint authentification to access.

It also has Secure Element (SE) chip integration to safely store your private keys and personal data.

Overview of D’Cent Wallet and Its Features

The D’Cent Wallet made headlines as being the first hardware wallet on the market to use biometric authentication.

By using fingerprint recognition, it provides an extra layer of security, guaranteeing that only you can access your wallet and authorize transactions…even if your wallet is stolen!

The hardware device resembles other hardware wallets and features a 1.1-inch OLED display.

It is compact in size and has physical navigation buttons to maneuver without relying on the sensitivity of a touchscreen.

The wallet links to its own mobile app to help you manage your coins and tokens from anywhere at any time.

How to Set Up and Use the D’Cent Wallet

When you receive your D’Cent Wallet, review the packaging and make sure it has not been previously opened.

The box should include:

➡️D’Cent Wallet Device.
➡️USB Cable – for charging the device and updating firmware.
➡️Recovery Seed Phrase Sheet.
➡️User Manual.

Step-by-Step Setup Guide

Follow these steps to get started with your D’Cent Wallet:

1️⃣Power On the Device

• Press and hold the power button located on the side of the device until the screen lights up.
• Select your preferred language.
• Select “Create a new wallet” from the menu.

2️⃣Set a PIN

• You’ll now be prompted to create a 4-8 digit PIN code.
• Verify your PIN code.

3️⃣Register Your Fingerprint

• The device will guide you through registering your fingerprint.
• Place your finger on the biometric sensor as the wallet captures your fingerprint from multiple angles.

4️⃣Write Down Your 24-Word Recovery Seed

• The wallet will generate a 24-word recovery seed phrase.
• Carefully write down each word in order on the provided recovery seed sheet.
• Double-check the spelling and sequence of the words.

5️⃣Finalize Setup

• Once the recovery seed is confirmed, the wallet setup is complete.
• You can now proceed to pair the device with the mobile app.

🚨Remember: Check for the latest Firmware!

Once you have completed the initial setup, you can visit the D’CENT Wallet homepage and check for the latest firmware available.

Pairing with the D’Cent Mobile App

To manage your crypto, you’ll need to pair your D’Cent Wallet with the D’Cent Mobile App. It’s available for both iOS and Android devices.

First: Download the D’Cent App

Second: Enable Bluetooth both on your device and your mobile phone.

Third: Open the D’Cent Mobile App

Fourth: Pair the Devices

• In the app, tap on “Add Wallet” or “Pair Hardware Wallet”.
• Select your D’Cent Wallet from the list of available devices.
• A pairing request will appear on both the wallet and the app, with a confirmation code.
• Verify that the codes match on both devices and confirm the pairing on each.

Fifth: Set Up Wallets in the App

• Once paired, the app will synchronize with your hardware wallet.

Sending and Receiving Crypto Wtih D’Cent

With your wallet set up and paired, you’re now ready to send and receive cryptocurrencies.

How to Receive Funds

1️⃣Select the Coin Wallet

• From the main dashboard, select the cryptocurrency you want to receive.

2️⃣Access Your Public Address

• Tap on “OK”.
• Your wallet’s public address will be displayed, along with a QR code for convenience.

3️⃣Share Your Address

• Copy the address or share the QR code with the sender.

4️⃣Confirm the Transaction

• Once the sender initiates the transfer, you can monitor the incoming transaction within the app.

How to Send Funds

1️⃣Enter the App

• In the D’Cent Mobile App, select the cryptocurrency you want to send.

2️⃣Enter Transaction Details

• Tap on “Send”.
• Enter the recipient’s public address manually or tap the QR code icon to scan their address.
• Enter the amount you want to send.

3️⃣Review and Confirm

• Double-check all details to ensure accuracy.

4️⃣Verify Transaction on Your Hardware Wallet

• Your D’Cent Wallet device will display the transaction details.
• Carefully verify the recipient’s address and the amount.

5️⃣Confirm with Fingerprint

• This step ensures that only you can authorize the transfer of funds.

Advanced Features of the D’Cent Wallet

The D’Cent Wallet has many features that are especially appealing to advanced users who appreciate new technologies integrated into their crypto wallets.

Supported Cryptocurrencies and Blockchains

The D’Cent Wallet supports a wide array of cryptocurrencies, including all major coins like Bitcoin, Ethereum, Ripple, and many others.

It supports over 3,600 coins and tokens across multiple blockchain networks.

Staking Options and DeFi Apps

You can stake directly from the device to earn rewards from coins like COSMOS (ATOM) and Tron (TRX).

The benefits of staking go beyond earning a little extra, it also helps to boost the efficiency of these networks.

With the D’Cent Mobile App, you can also integrate various Decentralized Finance (DeFi) platforms.

This gives you access to DeFi services such as lending, borrowing, and liquidity provision directly through the app.

Firmware Updates

Keeping your wallet’s firmware up to date is crucial for maintaining security and accessing the latest features.

When an update is available, you will receive a notification prompting you to install updates directly through the app.

These updates provide the latest security upgrades, performance enhancements, and new functions.

Security Analysis of the D’Cent Hardware Wallet

Comparing D’Cent to Other Hardware Wallets

D’Cent vs. Ledger Nano S Plus

🛡️Security: Both use Secure Element chips, but D’Cent adds biometric security.
👀Display: D’Cent has a larger OLED screen; Ledger has a smaller display.
🔌Connectivity: D’Cent uses Bluetooth; Ledger Nano S Plus uses USB only.
💰Price: D’Cent starts at $119 while Ledger Nano S retails for $79.

D’Cent vs. Trezor Safe 5

🛡️Security: Trezor Safe 5 lacks biometric security but uses PIN and passphrase protection.
📱User Interface: Trezor uses its touchscreen for navigation; D’Cent uses buttons and has a screen.
🪙Supported Coins: Supports a similar range of crypto, but differs in specific token support.
💰Price: Trezor Safe 5 is priced at $169.

D’Cent vs. Material Bitcoin

🎨Design Philosophy: Material Bitcoin focuses on simplicity. It is a stainless steel cold metal plate and doesn’t have any electronic components.
🛡️Security: Material Bitcoin uses a tamper-evident design. It is the only true cold storage wallet on our list as it never connects to the internet or other devices.
🔗Functionality: D’Cent offers more features like staking and DeFi access; while Material Bitcoin is simple and secure storage.
💰Price: Material Bitcoin starts at $89.

User Reviews and Feedback

Overall, while the D’Cent Wallet offers good security features and user-friendly operation, potential buyers should consider these user experiences:

The biometric authentication is a standout feature, but some users have encountered technical issues with it.

Additionally, it is important to assess the wallet’s supported cryptocurrencies and consider your personal preferences and tech capabilities before committing to an advanced device.

Is the D’Cent Wallet Worth It?

The D’Cent Wallet is a good hardware wallet.

It is particularly great for users who love new tech features and want new ways of interacting with multiple blockchains.

But, for those who place high security, self-custody, and simplicity on their priority list for crypto protection, cold storage wallets like Material Bitcoin are better suited.

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

FAQS

Is it safe to store cryptocurrency in D’Cent Wallet?

• Yes. It uses biometric authentication and a Secure Element chip to protect your private keys. However, keep in mind that this device still connects to a mobile device and relies on a mobile app to manage your crypto.

What happens if I lose the device?

• You can restore your wallet using your 24-word recovery seed. Keep this seed secure and confidential.

How many cryptocurrencies does D’Cent Wallet support?

• It supports over 3,600 cryptocurrencies and tokens, with regular updates adding more assets.