I must have totally misunderstood how a HW wallet works: I initialized it today by reading the QR code from my BlueWallet wallet, and everything went well, or at least I think it did. Except that I realize that I must have totally misunderstood how a HW wallet works: I was under the impression that from now on, I would have to use this device to make a transaction, but this is not the case, I just sent a very small amount to my second wallet, and it worked just like before. What has changed is that I now have a Blockstream app on my phone which also allows me to make transactions (and I also can open it without needing the Jade, and also initiate a transaction. However i didn’t go through, so maybe I would need the Jade at some point?) So if anything, my wallet is now less secure, since there are two apps which give access to it??
Concerning the Jade, if I try to switch it on, I have to enter the PIN (no problem), but then it displays a QR code on its tiny screen, which I should read from within the Blockstream app. Except that the camera can’t focus on it if it’s close enough to be big enough, and if it’s far enough to be in focus, it’s too small to be read. And this is an iPhone with two cameras, it makes great pictures.
So is there another way to use it? Or did I buy a useless device?
If these questions are stupid, can you point me to somewhere where all this is explained?
Hw wallet Blockstream Jade: initialised, but don’t see any difference
byu/Phantasizer inBitcoin
Posted by Phantasizer
2 Comments
You should let the jade create a new wallet (and transfer your funds to the new safe wallet)
The trick about having a hardware wallet is that you’ll have a seed which never touched (and touches) a ‘hot’ device. If you just import your ‘hot’ keys that you created in blue wallet, you indeed didn’t change anything. All you did is you made an expensive back up of your existing hot software wallet
When set up properly, you have a new set of keys and in blue wallet (or blockstream wallet app) you will just have a watch only wallet. Then signing needs to be done through your hardware wallet (jade). Signing device is a better name for a hardware wallet.
Hopes that makes sense.
Try with small amounts first and get used to it, so you dont lose your funds in the process. There is no helpdesk to call if you mess up.
You didn’t actually make it cold — you imported an already-hot seed into Jade. So Jade isn’t useless, it’s just not giving you the main security benefit of a hardware wallet. The proper setup is to generate a brand new seed on Jade itself and keep only a watch-only wallet on the phone.