CryptoSteel Review (Burned it down, ran over it and smashed it to the Ground)

5

A little over a year ago I was approached by a polish guy named Wojtek who said he was looking to create the most durable cold wallet possible. He was a metal artist and he thought about using this skill in order to create some form of wallet that couldn’t be destroyed.

The idea would be to keep your private keys or mnemonic phrase inside some sort of metal casing that will be resistant to any catastrophe that may occur – a flood, a fire, an earthquake, you name it. In order to raise the funds for this project he started a crowdfunding campaign on Indiegogo, and a few months later he was fully funded, Cryptosteel was on its way to becoming a reality.

I have to admit that Cryptosteel’s vision seemed very compelling, and the video created for the product illustrated it extremely well:

However, as with many crowdfunding campaigns this project too has seen many obstacles. The product had some unforeseen delays. From manufacturing issues, to postal issues it seemed that a lot of things were preventing Cryptosteel from becoming a reality. However throughout all of these Wojtek kept close contact with his initial investors and made sure that they were up to date. And indeed one year later I’ve received my own Cryptosteel in the mail.

I’m going to start out with the “normal” review and then move on to the fun part – trying to destroy the Cryptosteel :)

The product itself is pretty self explanatory, you get a metal plate and a set of numbers and letters to create either your private key or mnemonic seed (to be used with TREZOR).

cryptosteel contents

I must admit it took me a few minutes to understand how to actually open the metal plate in order to enter the letter and numbers, but it’s nothing that 5 minutes and a few hits with a screwdriver wouldn’t solve.

The annoying part is definitely inserting the letters into the Cryptosteel. It took me about 40 seconds for each letter and it didn’t go smoothly to say the least. However, considering that this is (hopefully) a one time process it’s something I can live with.

Also, I’ve gotten enough letters and numbers to create even 2 mnemonic seeds or private keys, so way to go redundancy!

And now for the fun part….

Since there’s not much more to say about the product I thought why not have a little fun with it and see if it’s actually indestructible. So I went out and conducted a few tests…

 

Overall I’d say the Cryptosteel wallet is one pretty solid cold wallet. However it may be a bit of an overkill. If however, you’re storing large amounts of Bitcoins this is a good additional insurance measure to take at a reasonable price ($49).

At the moment you can only get Cryptosteel through the Indiegogo campaign or as a complementary product when you buy a TREZOR. If you already own a TREZOR this is actually a great product to have for additional protection of your mnemonic seed.

If you own a Cryptosteel and tried to destroy it as well or have some other comments about the product I’d love to hear them in the comment section below.

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Ofir Beigel

Owner at 99 Coins ltd.
Blogger and owner of 99Bitcoins. I've been dealing with Bitcoin since the beginning of 2013 and it taught me a lesson in finance that I couldn't get anywhere else on the planet. I'm not a techie, I don't understand "Hashes" and "Protocols", I designed this website with people like myself in mind. My expertise is online marketing and I've dedicated a large portion of 99Bitcoins to Bitcoin marketing.

Cryptosteel

$49
Cryptosteel
8.75

Design

9/10

    Ease of use

    7/10

      Durability

      10/10

        Price

        9/10

          Pros

          • Extremely durable
          • Simple to use
          • Good value for money

          Cons

          • Hard to insert letter
          • Not intuitive to operate

          5 Comments

          1. Design

            10

            Ease of use

            5

            Durability

            10

            Price

            8

            My experience with Crypto Steel was less than great. My package came damaged and the tiny little letters were spilled all over the box. I too found it very difficult to open the unit and slide the letters into place. My unit was too small to include all the characters for my seed so I had to use only the first 5 characters in each word to get them all to fit. Of course I had to contact Trezor and they told me what to do there because there was no documentation or mention that you cant actually fit the whole words in there. That kinda defeats the purpose of having a seed secured in my opinion. The seed should be readable by anyone at anytime and having to guess the remaining characters for my seed was the part that killed it for me. I get it, the words should be pretty easy to figure out but by that same logic it should have been easy enough to design the thing t0 fit the whole words in there in the first place.

          2. It reminds me of the steel that is made up of black box recorders, found in passenger planes.

            Burning a fire to have a test, was awesome to watch.

          3. Captain Jack on

            Design

            9.5

            Ease of use

            9

            Durability

            9.5

            Price

            10

            So where do you put the batteries? Will it be upgraded to have a USB port? I live on the water, does it float? Can you make a phone call with it? Bahahaha! I think this product is Awesome! I like the idea that it doesn’t require any outside power. It can withstand the elements (except for salt water – though easy to paint). You can zapit with a million volts and it will survive. I think in time, this product will be improved on and will become popular in time.

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