Move Over Ledger and Trezor, Meet the 1inch DEX Hardware Wallet

As the demand for self-custody increased, network launched its new hardware wallet as compact as a bank card

FTX collapse has made crypto users learn, “Not your keys, not your crypto,” like never before. Demand for self-sufficiency suppliers and equipment portfolios has soared since November 2022. As the community no longer trusts custodial wallets, hardware wallets are becoming a crypto must-have in 2023.

1 inch, Decentralized Exchange Aggregator (dex), has announced a waiting list for their equipment today.

1inch Launched Hardware Wallet to Compete With LEDGER and Trezor

1inch has mentioned through its Twitter that its hardware wallet will be fully air-gapped. This means the device will not have a button and will not need wired connections. An independent team developed this portfolio with support from 1inch Foundation grants.

The physical portfolio will also allow users to create and control several portfolios, each with a different starting sentence. The team has also highlighted that the device is compact, mentioning that it is the “size of a bank card.”

Today's giants are not trailing behind when it comes to innovation.

Existing giants, Ledger and Trezor, are not behind in their efforts to innovate existing hardware portfolios. Earlier this month, Ledger introduced LedgerStax, a new hardware wallet designed by Tony Fadell. Fadell is known as the "iPod Dad." 

The Ledger executives envision turning the firm into the Apple of crypto. The LedgerStax is a touch device the size of a credit card that lets users manage more than 500 digital resources.

In addition, TREZOR has appointed Matej Zak as the new Managing Director (CEO) to concentrate on the construction of well-designed products. It aims to make confidence in cryptocurrency as easy as texting.

The chief executive says, "I look forward to leveraging our existing innovations and creating smarter, easier-to-use products that keep your cryptocurrencies as safe and straightforward as email."

The intricacies of independence.

While Matej Zak aims to make cryptocurrency storage as easy as sending a text message, today's self-sufficiency solutions are fraught with complexity.

Roshan, the gosat CEO – a gratifying card supplier, brought to light an incident with a taxi driver. The pilot, who is new in the world of crypto, asked where to store Bitcoin, and he had to respond with a "trade" to avoid ringing complex. He pointed out the fact on Twitter that "Self-confidence should be transparent to the masses."

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