Comment by usbsea
8 days ago
You avoid a seed phrase, but how? I thought it was "not your keys not your coin".
My understanding is someone who wants secure crypto needs to cryptographically safely generate a seed phrase. For signigicant amounts of money you will want that backed up. I guess if this is like a $50 gift card people are treating it like that and might accept if it gets lost then shrug.
Burner comes with a pre-generated key or you can request that it generate a new key with entropy you supply (in part, it's hashed with entropy from multiple sources). In both cases you always need to trust the hardware, but this is true with any hardware wallet.
I would always recommend using a multisig for storing large amounts of funds regardless of the wallet vendor.
This is a bit like a gift card. Not the worst idea! I have been waiting 10 years to buy a coffee with crypto BTW.