D’cent wallet is a Bitcoin and crypto hardware wallet focusing on safety and Dapp usage. To achieve this they have 3 products that they bring to the crypto world. The D’cent biometric hardware wallet, mobile wallet, and card wallet.
Looks & design
While unboxing the D’cent hardware wallet you will notice that there are multiple seals placed on the packaging of the box. This is so you can know for sure that no one has opened the box before and done something to your wallet. If you open receive yours and the seal is broken? Make sure to contact D’cent about this.
The box and material used for packaging the D’cent hardware wallet feel smooth and are nicely styled (see images below). The device itself also gives off this same feel. Although the device is very small it lays well in the hand of anyone using it. And makes it easy to open it by using your fingerprint.
How to set up D’cent hardware wallet
Setting up the D’cent hardware wallet is not so difficult. And is quite user-friendly. D’cent themselves already created a very useful setup guild for this on their website that you can best use to set up your wallet. We recommend that you use that guild to set up your device.
During the setup of the device, you will have to scan one of your fingers as this will be the access key to the device. For this, you can use any finger, even your thumb. So you can use whatever finger you like.
But even before you start with the setup of the device we would recommend that you charge the device and install the D’cent wallet app on your phone. As you will need this, later on, to really make use of the wallet.
Pairing D’cent hardware wallet with your phone
Pairing the hardware wallet with the phone wallet is easy. You simply turn on your Bluetooth on your phone. Because the wallets connect with one another via Bluetooth. You then can go to your phone’s Bluetooth settings and search for the hardware wallet. When you are trying to connect to it. It will ask you for a security pin. But once you have connected it once, you won't have to do this again.
The devices are now connected to each other. As simple as that. Now, if you want to connect them again in the future, you will have it much easier. So you won't have to do the same things again. Just simply open your software wallet and have your Bluetooth on and your device will automatically find and connect to one another. Making it very easy to use it on a regular basis.
One thing we think could however improve the wallet would be if the pubic key and the display of your holdings would not disappear form the wallet once you disconnected the hardware wallet. Because this way you could use the wallet also as your own viewing wallet at the same time.
D’cent mobile app
The D’cent mobile app is supported for both Android and iOs. So almost anyone with a smartphone can make use of the software D’cent Wallet. Although you do not need the software wallet to make use of the hardware wallet. You can better have both anyway. Because using the software and hardware wallet together will make your life a lot easier. Especially when it comes to copying your public key.
But besides the mobile wallet being useful in combination. It is also a great software wallet by itself. Because if you do not have the hardware wallet or can not buy one you can still use the software wallet by itself. This won't give you the same level of security. But it still lets you use the same features that all D’cent wallets have. But just without offline storage.
What coins are supported on D’cent wallet?
D’cent supports many crypto coins, tokens, and sidechains. And keeps updating their list of supported tokens. You can find the list here on their site. But just for you, we have also listed the main blockchains below. Besides these blockchains, they also support the simple token protocols on top of them like ERC-20 and BEP-20.
- Bitcoin (BTC)
- Ethereum (ETH)
- RSK Smart Bitcoin (RBTC)
- XRPL (XRP)
- MonaCoin (MONA)
- Klaytn (KLAY)
- Bitcoin Cash (BCH)
- Bitcoin Cash ABC (BCHA)
- eCash (XEC)
- Zcash (ZEC)
- Litecoin (LTC)
- Bitcoin Gold (BTG)
- Dash (DASH)
- DigiByte (DGB)
- Ravencoin (RVN)
- Binance coin (BNB)
- Stellar Lumen (XLM)
- Ethereum Classic (ETC)
- TRON (TRX)
- Dogecoin (DOGE)
- Luniverse
- XDC Network (XDC)
- Cardano (ADA)
- Binance Coin (BNB)
- Polygon (MATIC)
- Horizen (ZEN)
- Hedera Hashgraph (HBAR)
- Stacks (STX)
- Solana (SOL)
- Polkadot (DOT)
- Conflux (CFX)
- Cosmos (ATOM)
- Tezos (XTZ)
- VeChain (VET)
- NEAR (NEAR)
- Havah (HVH)
- HECO (HT)
- Gnosis xDAI (XDAI)
- Fantom (FTM)
- Celo (CELO)
- Metadium (META)
- KuCoin Token (KCC) (KCS)
- Songbird Token (SGB)
- Avalanche (AVAX)
- Energy Web Token (EWT)
- Arbitrum ETH (ETH)
- Boba ETH (ETH)
- OEC Token (OKT)
- Harmony (ONE)
- Orbit Chain (OORC)
- OpenCoin (OPC)
- Cronos (CRO)
- Palm (PALM)
- Spark (FLR)
- Oasys (OAS)
- Optimism ETH (ETH)
- MEVerse (MEV)
Can you stake coins with the D’cent hardware wallet?
Yes, you can stake your coins and tokens with the D’cent wallet. This can be done with both the hardware and software wallet. To do this you will need to connect your hardware wallet to the wallet app. Once you have this connection you can go to the discovery tap and search for any Dapp or web3 protocol. If your favorite protocol is not listed in their standard list you can also search by URL.
Once you have found your staking portal or other dashboards to stake your tokens. You can just go through the staking process as normal. Only to make the final transaction you will have to sign it by using your hardware wallet and unlocking it.
Make sure that during this signing you keep your Bluetooth on as that is how the hardware wallet connects to your phone.
How safe is the D’cent wallet?
So the safety of any wallet really all comes down to how you take care of your device. This is something that won't change anytime soon. And this means that you should still take good care of your device(s). The D’cent wallet by itself is very safe to use. Because it is protected by a biometric lock and you will thus need a physical person to open it. But to transact using the wallet you will still need to connect it to another device that is connected to the internet. Simply this doesn't have to be a problem. But it does mean that you have to keep this other device safe as well.
So to protect yourself as best as possible, make sure that you have an antivirus on your other device and also make use of a VPN to put yourself in the safest situation. And besides that, it is of course very important to make a good backup of your wallet. As this is the only way to recover your funds if you would lose the wallet. Luckily the wallet comes with 2 cards to write down your 24-word recovery phrase on. And the system asks you to write this down when you are setting up the device.
Has D’cent wallet been hacked before?
After searching as much as we could we have not found a previous case of D’cent wallet being hacked. When looking for a hardware wallet we of course look for a safe one. And to make sure that it is we can look at previous hacks. However, so far it seems like that since its start in 2018 D’cent Biometric hardware wallet has never been hacked by anyone. And the only real complaints we can find are about shipping.
This of course does not guarantee anything. But does stand out as a good point. Especially as many platforms and crypto wallets have seen issues over the years.
Can D’cent be hacked?
No, in theory, they can be hacked. This explains why we haven't seen a case of this before. This is because the wallet stores your funds offline. And thus never has the private keys touched any server or contact point to the internet.
The only vulnerability that the wallet could have is on the software side of things. Where the hardware wallet can not be hacked but the phone on which you have the software wallet could be compromised. So overall we believe that you can feel safe holding your funds on the hardware wallet itself. But you should always take good care of your software device. And make it so that you 100% know the phone is properly secured.
Who is the CEO of D’cent Wallet?
Trust is built in multiple ways. But one of them is by being transparent. Knowing who runs a company and the faces behind that helps. Although you won't find the faces behind D’cent directly, you will find the company behind D’cent and the people that run it. This company is a VC called IOTrust. IOTrust is a Korean VC company that serves as the backbone behind the D’cent wallet and runs most of its business behind the scenes. After having had some communications with D’cent, we already noticed quite quickly that the people answering our emails are working for IOTrust/D’cent at the same time.
On Linkedin, it looks like most people the work for D’cent have not connected with the page (yet). But many of them do say that they work at IOTrust. That's why we have listed the people in charge of IOTrust here below:
- Sangsu Baek - SEO or IOTrust
- Minho Yoo - SO & Co-founder at IoTrust | D'CENT wallet | WEPIN wallet
- WanKyu Kim - Global Sales & Marketing
- Tyler Kim - Chief Engineer / Technology Specialist
More on the people behind D’cent and IOTrust can be found on their website and Linkedin page.
D’cent Wallet vs Ledger
The D'cent hardware wallet and Ledger are both popular hardware wallets designed to securely store Bitcoin and other cryptocurrencies. While they share the same goal of keeping digital assets safe, there are notable differences between the two. The D'cent Wallet stands out for its sleek and compact design, making it highly portable and convenient for users on the go. It offers support for a wide range of cryptocurrencies and employs robust security measures such as a secure chip and a tamper-proof seal. On the other hand, Ledger is known for its long-standing reputation in the cryptocurrency community. It features a lot of different product lines, including the Ledger Nano S and Ledger Nano X. Catering to many different user preferences. Ledger wallets offer a comprehensive security system, combining secure chip technology, two-factor authentication, and a user-friendly interface. But has seen some scrutiny in recent times. Finally, the choice between D'cent Wallet and Ledger comes down to personal preference, with both options offering reliable and secure solutions for Bitcoin & crypto storage.
How much does D’cent wallet cost?
D’cent biometric hardware wallet comes in at an average price in the hardware wallet market. With their hardware wallet usually going for 159$ US. This makes the wallet affordable for many. Especially for those that want to store large amounts of Bitcoin, this could be a great investment. However, the price is still high enough for many poorer people to not be able to afford it. Whereas these people might need it the most.
This problem is of course one that you will find with most hardware wallets. So to help you out a bit you can use our discount code to get the D’cent hardware wallet a bit cheaper. Just click this link to get yours with 30$ discount.
Is D’cent wallet worth it?
Yes, when we look at the price and quality of the D’cent biometric hardware wallet, we believe that the wallet is definitely worth the purchase. Not only because you can better keep your coins off the exchanges. But also because D’cent gives you this option at an affordable price with a tightly secured hardware wallet.
Especially as time and again the world of Bitcoin and crypto shows us the importance of a good non-custodial wallet, is a timeless principle. And that you should always stand by the rule of, not your keys, not your coins. So storing your coins in a self-custody wallet will always be the safest way as you are in full control and are fully responsible for your coins.
Conclusion
To end this review. We believe the D’cent wallet is a great hardware wallet that can help a lot of people safe keep their coins. However, they could improve a bit on the communication of who is behind the product. Which we believe can boost trust in them as a company. But besides that, the product seems to work very well and was sealed very well upon arrival. We ourselves think the wallet is great and will definitely keep using the D’cent biometric hardware wallet and the software wallet alongside it.
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