Live updates: ZachXBT calls hardware wallets complete garbage; BTC steady near $65,000
CoinDesk 2026-07-16 06:20:00
Context: Crypto investigator ZachXBT has publicly criticized hardware wallets, calling them "complete garbage" and unreliable for signing transactions or storing meaningful funds. He recommends using a dedicated iPhone as a signing device, stripped down for wallet purposes only, as a more secure alternative. This criticism has sparked debate in the crypto community, with users sharing their own experiences with hardware wallet frustrations.
Key Facts
- Crypto investigator ZachXBT criticized hardware wallets, stating they are "complete garbage" and fall short on security and usability, making them unsuitable for high-stakes operations.
- ZachXBT recommends using a dedicated iPhone solely as a signing device, stripped down for wallet purposes only, as a more secure alternative to traditional hardware wallets.
- He singled out Ledger as a particularly problematic hardware wallet solution, citing frequent Ledger Live updates that often break basic functions and overhaul the UI and apps unnecessarily.
- The criticism sparked debate in crypto social media, with users sharing their own experiences with hardware wallet frustrations and discussing the merits of ZachXBT's recommended approach.
- Bitcoin is currently trading steady near $65,000, with CEX trading volumes rising for the first time in five months in June, spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.