GridPlus Lattice1 Wallet Review

The Lattice1 is a large hardware wallet by GridPlus that looks and functions similarly to a point-of-sale terminal and backs up user cryptocurrency accounts on cards that look like bank cards.

In this review, I’ll cover my personal experience with the Lattice1, including its setup process, features, and more.

GridPlus Lattice1 Wallet Review Summary

The GridPlus Lattice1 is a large hardware wallet that stores cryptocurrency account backups on bank card-style chip cards.

It’s one of the most expensive hardware wallets on the market and may be best suited for those who need a large screen and/or make large volumes of transactions across several accounts.

That’s the Lattice1 wallet in a nutshell. If you want a detailed review of my experience with the Lattice1, keep on reading. 

What is a Hardware Wallet?

A hardware wallet is a type of crypto wallet that allows users to keep their assets in “cold storage.”

This means that the private keys are stored completely offline, without any connection to the internet.

Cold storage ensures that your private keys or seed phrases are secure for long-term safekeeping and cannot be remotely accessed under any circumstances.

Company Overview

GridPlus is a hardware wallet company that was founded in 2017 by software engineer Alex Miller.

The company is based in Austin, Texas, in the United States, with a focus on enabling users to securely store their crypto – while also allowing active use of their assets.

The Lattice1 and accompanying SafeCards are GridPlus’ flagship products.

What’s in the Box?

The GridPlus Lattice1 comes in a large, sleek, cube-shaped box that opens very smoothly, somewhat reminiscent of an Apple product.

Inside, you’ll find one Lattice1 hardware wallet, one SafeCard, a US 2-prong (type A) power supply, and an ethernet cable. On the SafeCard packaging, you’ll also find some simple directions for setting things up and a QR code and URL for a more comprehensive step-by-step guide.

I also ordered an additional two SafeCards, for additional accounts and/or back-ups.

Lattice1 Wallet Supported Coins

The Lattice1 directly supports Bitcoin and Ethereum, as well as a number of ETH Layer 2 protocols and forks like the Binance Smart Chain, Polygon, Avalanche, and others.

It also supports many ERC-20 tokens, like USDT, Chainlink (LINK), and others, as well as NFTs on the Ethereum mainnet, Polygon, and Immutable X.

In addition, all other Ethereum Virtual Machine (EVM) compatible chains are supported. More information can be found on GridPlus’ supported digital asset page.

The Lattice1 also integrates seamlessly with with MetaMask, Rabby, Frame, NuFi, MyCrypto, and Ambire, allowing users to access DeFi, staking, and multi-chain transactions while keeping their assets secure. More integrations are expected soon. Each Lattice1 purchase includes one SafeCard for secure backups, but users can buy additional SafeCards for managing multiple wallets.

How Do I Setup My Lattice1 Wallet?

Step 1: Power on the Lattice1 and connect to the internet

Plug the Lattice1 device into the wall using the power supply included. The device will automatically power on and start up.

Connect to a WiFi network, or if preferred, connect to the internet using the ethernet cable provided.

Step 2: Set a passphrase and back up your seed phrase

Set up an optional passphrase, which will be used in addition to (not instead of) your seed phrase.

After this, your wallet’s seed phrase will be presented. Ensure that you write all 24 words down using a pen and paper or other reliable method. 

You will then be asked to confirm the seed phrase through the device.

Step 3: Back up your wallet using a SafeCard

Select “manage wallets” on the Lattice1 screen to initiate the SafeCard backup process. Tap on “Back up to SafeCard” and insert the new SafeCard provided with your device.

You will also be asked to create a PIN number for your SafeCard – this will be required whenever you use the SafeCard backup via the Lattice1 device.

Personal Usage Experience

As a self-standing unit with a large 5-inch screen, the Lattice1 was easy and enjoyable to use. I did expect the UI and screen to be a little more crisp, but it was a bit more basic than the price point may suggest.

The overall process was simple and smooth, and it was great not to have to plug anything into a computer. The Lattice1 requires a constant power connection, as it does not have a built-in battery. However, it now supports both WiFi and Ethernet connectivity, giving users the option to connect securely via cable or wirelessly for added convenience. Another small detail that was missed was the opportunity to include a leaflet or lined paper for writing down your seed phrase – not the end of the world, but it would have been a helpful touch that most other hardware wallets include.

Aside from the above, the device felt very good quality, responded well, and was a breeze to use with the MetaMask integration. There were no hiccups with the SafeCard backup, which indicated that the device was sturdy and reliable.

Is Lattice1 Safe?

Yes, the Lattice1 is built with enterprise-grade security features, including a CLDS Tamper Detection Mesh, a Secure Enclave, and read-only partitions to prevent unauthorized access. The device also features logic power isolation, which makes it resistant to external probing. Unlike most hardware wallets, it offers SafeCard backups that allow users to store multiple wallets securely without exposing private keys. Additionally, its large touchscreen enables users to review transactions in full, reducing the risk of blind signing.

How Much Does the Lattice1 Wallet Cost?

The GridPlus Lattice1 comes with a substantial price tag of $397 – much higher than almost any other hardware wallet device on the market.

Although it comes with its perks, it’s a lot of extra cost to justify the benefits. At this price point, I would only recommend the Lattice1 to those who are very high-volume Web3 users and/or those who plan to back up and consistently use several accounts.

Software Wallets: An Optimal Substitute

If you’re hesitating about making the jump to hardware wallets, their app-based counterparts, software wallets, will probably suit you better. In this case, Best Wallet is at the top of my list. It’s a flexible software wallet that you can also use a crypto exchange.

Best Wallet is certainly a user-friendly alternative to hardware wallets like the GridPlus Lattice1. It offers a secure, intuitive platform for managing multiple cryptocurrencies and integrates seamlessly with DeFi applications.

With advanced encryption and two-factor authentication, this app prioritizes user security. With it, you also get convenient access to trading, staking, and swapping functions directly within the app. Lastly, its compatibility with various blockchains makes it ideal for users seeking a flexible, accessible storage solution without the upfront cost of a hardware wallet.

Conclusion – Is the Lattice1 Wallet Worth It?

The Lattice1 is an excellent device for high-volume use with several accounts. The device has excellent build quality, a very easy-to-use large touch screen, and a very helpful MetaMask integration.

On the other hand, the device is extremely large compared to its peers, and although this makes it easy to view and use, it is not very portable. The device also comes with a very hefty price tag.

Overall, the Lattice1 is probably best suited toward a very specific niche of users that value security and being able to use many accounts, often and in one place.

FAQs

What is the GridPlus Lattice1 hardware wallet?

The GridPlus Lattice1 is a premium hardware wallet with a large touchscreen that securely stores cryptocurrency. It backs up accounts on SafeCards, which function like bank cards. It is best suited for high-volume users who frequently interact with Web3 applications.

What cryptocurrencies does the Lattice1 support?

The Lattice1 supports Bitcoin, Ethereum, and multiple Ethereum Virtual Machine (EVM)-compatible networks like Binance Smart Chain, Polygon, and Avalanche. It also supports ERC-20 tokens, NFTs, and integrates seamlessly with MetaMask and other web3 wallets for transactions.

How do you set up the Lattice1 wallet?

To set up the Lattice1:

1. Power on the device and connect to WiFi or ethernet.
2. Set a passphrase and write down your 24-word seed phrase for backup.
3. Back up your wallet using a SafeCard and set a PIN for added security.

How much does the Lattice1 wallet cost?

The Lattice1 is priced at $397, making it one of the most expensive hardware wallets available. It is recommended for users who require multiple account backups and frequent, high-security transactions.

Is the Lattice1 worth buying compared to other wallets?

The Lattice1 is an excellent choice for users who need high security, a large touchscreen, and seamless wallet integrations. However, its large size, constant power requirement, and high price tag make it less suitable for casual or mobile users. Software wallets like Best Wallet may be a better alternative for those who prioritize flexibility and affordability.