Ballet is a startup crypto company, backed by Ribbit Capital. They aim to create a simpler hardware wallet.
Their physical wallets are credit card-shaped. These are fabricated from 304 grade stainless steel. The wallets come in a plastic case.
The company’s wallets support more than 200 cryptocurrencies. Some of them include Litecoin, Ethereum, and Bitcoin Cash.
They’re also available in a gold-plated version for $99 and a set of three for $499. There’s also a PURE series that includes a solid silver card.
In addition to the wallet, they’ve developed a mobile app. This companion app allows users to view their account balance, exchange coins, and spend coins on the card. It’s available for iOS, Android, and desktop versions of Windows.
Users will need to create a private key before using the app. Once generated, the private key is encrypted and can’t be accessed by anyone else. Unlike other hardware wallets, there’s no way to verify that the private key is generated properly.
However, Ballet does offer a two-factor key generation process. This means that the user doesn’t have to worry about storing passwords or account credentials.
Rather, the private key is stored on a plastic sticker. This sticker has a scratch off passphrase. If the sticker gets wet, it may not survive.
While the company claims to keep your personal data safe, there’s no guarantee. Hackers can still use the password to access your account, and third-party software can also steal funds.
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