ARCHOS is making a bit of news at the Mobile World Congress (MWC) in Barcelona this year as they announce their diversification into cryptocurrency hardware wallets and begin to compete with the likes of Ledger Nano S, TREZOR Wallet, and KeepKey Wallet.
ARCHOS new hardware wallet, the Safe-T mini, is slated for a June 2018 ship date with an MSRP of $62 (€49.99), nearly 40% less than Ledger’s Nano S.
Known most recently for their inexpensive Android phones, news of the product sent ARCHOS stock price “to the moon,” nearly doubling it in just a few days.
The ARCHOS Safe-T mini is an offline Hardware Wallet which keeps your private key away from Hackers. It’s one of the safest solutions to protect your Coins.
Frequently Asked Questions
Let’s take a closer look at the new ARCHOS Safe-T mini with answers to some of the most commonly asked questions about the wallet.
What security measures does ARCHOS Safe-T mini offer?
As with other hardware wallets, the ARCHOS Safe-T mini generates a private key offline that stays in “cold storage” on the device to help keep your tokens secure.
The mini also performs all of its encryption operations onboard, and requires you to enter a 9-digit PIN to access an use it.
Plus, you can use a 24-word BIP39 recovery passphrase to regenerate your private key should your device get lost, stolen, or broken.
What kind of display does the ARCHOS Safe-T mini have?
The Safe-T mini sports an OLED display of 128 x 64 px that measures 58 x 7.8 mm. The display, along with buttons on the device, allows you to confirm transactions before you commit.
Every transaction is displayed on the screen and must be physically approved using hardware buttons. Thanks to the LCD, and for increased security, the holder can check the transactions details before signing.
This arrangement helps prevent “man-in-the-middle” type attacks, which you’ll certainly want to avoid.
What tokens does the ARCHOS Safe-T mini support?
ARCHOS is promising support for Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Zcash for launch. Expect support for more tokens down the road.
Image via archos.com
What wallets does the ARCHOS Safe-T work with?
The mini will work to help secure other wallets like Electrum, GreenAddress / Greenbits, Mycelium, and MyCrypto.
Given that last one, it’ll presumably work with MyEtherWallet too — for those who are sticking with the original flavor.
What processor does the ARCHOS Safe-T mini use?
While it helps keep the price down and is more secure than a typical web wallet or exchange wallet, the single ARM Cortex M3 is not quite as secure as the dual chip architecture (ST31/STM32) on the Ledger Nano S.
Where is the ARCHOS Safe-T mini made?
Per their official release (en francais), the mini is designed and developed by ARCHOS in France, where they claim their team is qualified, having “conducted work in the field of encryption, security and virtual currencies.”
The ARCHOS will also be assembled in-house, at a secure facility in Vierzon, France. By keeping things in-house, ARCHOS helps ensure the devices aren’t tampered with prior to coming into your possession.
Is the ARCHOS Safe-T mini open source?
Unlike the Ledger, the ARCHOS Safe-T mini does not appear to be “open,” or open source, which could be a factor in your decision depending on your interest in the topic.
How does the ARCHOS Safe-T mini connect to a computer?
The mini features a Micro USB 2.0 connector and is compatible with Google Android, Linux, Mac OS X, Microsoft Windows.
Thanks to brand recognition and an easy to swallow price point, the ARCHOS Safe-T mini is likely to be one of the most popular hardware wallets this year.
Stay tuned for a hands-on review once the mini is released in June of 2018.
P.S. Don’t miss our recap of the best cryptocurrency hardware wallets.