HW-1 by BTChip

I recently received a HW-1 Bitcoin hardware wallet, HW-1 is a smart card hardware wallet created by BTChip.  So far using it has been a blast and I can sleep in peace knowing that my Bitcoins are a lot safer.  The HW-1 chip setup is friendly to use just follow the instructions provided by BTChip.  Currently the HW-1 is compatible with GreenAddress  and the soon to be released Electrum 2.0.  The HW-1 chip works really well with GreenAddress , all I had to do was plug in the HW-1 and Greenaddress recognized it.

The Design

The HW-1 chip came in small envelope, inside were the two HW-1 chips and instructions on how to set it up (now there is a promotional sale – 2 for the price of 1).  I love the design of the HW-1 chip and you can tell that someone has put a lot of work into it.  The chip comes inside of a larger card that is the size of a credit card, which you pop the chip out of.  I can picture the card being sold at stores or given out at conferences to help make the Bitcoin world more secure (which would be awesome).


Setup

Once you have prepared the HW-1 chip, download the drivers (I didn’t need to but every computer is different), next install GreenAddress from the Chrome Store  and finally create an account.  Once you plugin the  HW-1 chip GreenAddress will recognize it, here is a video tutorial of how to set it up.  On a side note there are two ways to set up your HW-1, one is to write the mnemonic phrase to the HW-1 (the simple method) and the other method offers more security (while being a little harder to set up).  In the pictures below I used the simple method, the more complex version only requires you to plug the HW-1 into another computer and record the seed.

Inserting the BTChip
Inserting the BTChip
Success
Success
Mnemonic Phrase
The Mnemonic Phrase
Success
Success
The Login page with BTChip
The Login page with BTChip

 The Verdict

I really enjoy using the HW-1 chip, its easy and quick to use without sacrificing a lot of security.  At the time of this post you can get two HW-1 chip for 25.25$, 20 € and of course 0.0698 Bitcoins, which is a great deal.   I find that the budget friendly pricing is key to the HW-1 chip as it allows anyone to easily keep their Bitcoins secure without burning a whole in their wallet.  And if you don’t need the extra chip you can always give the extra chip to a friend and help him securely use Bitcoin.  If you need a budget friendly secure way to keep your Bitcoins safe then take a look at the HW-1 chip.  If you have any questions that were not answered by this post feel free to contact me, you can also contact the BTChip Team here.

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