Connect with us

Hi, what are you looking for?

Bitcoin Takeover


Foundation Devices’ Passport Sells First 1000 Units, Drops Price

On November 11th 2021, Boston security start-up Foundation Devices has announced the successful sale of its first 1000 Passport units. The so-called “Founder’s Edition”, which came bundled with a copy of the Bitcoin whitepaper, sold out within one year of its release at a retail price of $299.

However, a second batch is on the way in larger supply and at a more accessible price point. Foundation Devices will release 2500 Passport hardware wallets for $199 each, with free delivery for US customers (international buyers will have to pay the extra shipping costs). Preorders are already open, and the estimated delivery date is sometime in February 2022.

Foundation Devices also mentions that Batch 2 features “numerous improvements to the electromechanical design and manufacturing process” – meaning that the feedback provided by early adopters has helped make the product evolve into an all-around better security device. Buyers of the “Founder’s Edition” who want to get their hands on this revised Passport will also benefit from a 21% discount.

And speaking of feedback, the Boston security start-up ran a survey which asked customers for feedback on existing and desired features. Depending on the responses, it’s likely to see new options and functionalities getting added in future firmware updates.

The Passport (in between the KeyStone and the Coldcard) can easily pass for a basic mobile phone.

The Passport is a PSBT (BIP 174) hardware wallet which operates in an air-gapped way which separates transaction signing from network broadcasting (learn about sending PSBT transactions from my Wasabi wallet guide). With the Passport, you can sign transactions by scanning QR codes or by inserting PSBT data via micro-SD card.

Unlike Coinkite’s Coldcard wallet and KeyStone’s Vault, Foundation Devices’ hardware wallet runs on 100% free open source code and has a snappier and intuitive user experience. Its form factor also makes it look like a mobile phone, which makes the device more discreet and less distinguishable in public situations. Another one of its pros is the physical keyboard, which makes typing seed words and passphrases both accurate and speedy.

However, when compared to its direct competitors, the Passport is more expensive. While Foundation Devices’ hardware wallet can be bought for $200, the Coldcard is $129.97 and the KeyStone Pro is $169. It’s definitely the more premium-looking device of the trio, but then again the DIY Seedsigner costs only $50 to build and has the same features (camera, SD card, PSBT), free open source software.

Foundation Devices’ Passport is definitely a worthy contender on the hardware wallet market, and stands out with its combination of open source software, premium build, and accessible user interface. You don’t need an instruction manual to use one, you only need to understand how Bitcoin transactions work and what the device does. Now that the price has dropped by $100, it’s going to be interesting to see how consumers react and how quickly the stock of 2500 Passports gets depleted.

Furthermore, there’s always room to add power user features such as Shamir Secret Sharing (SLIP 39), support for sidechains, and even automation for certain transactions (such as JoinMarket coordination, as described by Blockstream’s Lawrence Nahum). For now, it’s the improved and uncompromising version of the Coldcard wallet. But in the future, it can easily promote into a league of its own.

Support Bitcoin Takeover

The Bitcoin Takeover project is sponsored by Vaultoro, the exchange which only allows you to trade with hard money. This is not financial advice, but on Vaultoro you can use bitcoin to hedge against inflation and switch to gold to avoid volatility. The trades are seamless and you can always switch to another asset to maximize the value of your investment. 

Furthermore, Vaultoro also publishes monthly glass books to prove that it holds 100% of the user’s assets and doesn’t engage in fractional reserve banking. CEO Joshua Scigala is also a very committed and principled bitcoiner who supports the Lightning network and really wants to see it blossom (which is why he also sponsors the giveaway from the BTCTKVR Radio broadcasts). 

If you would like to sign up to Vaultoro, you can use my referral link.

Also, if you found this article useful and you would like to reward me for my time and research, there are two ways you can do it and they can be complimentary:

  1. Sign up to the Bitcoin Takeover newsletter, subscribe to the YouTube channel, follow BTCTKVR on Twitter and Instagram, and listen/subscribe to the Bitcoin Takeover Podcast on your favorite platform. You can also download the BTCTKVR magazine for free and print your own copies for personal use, meetups, and conferences.
  2. Send a donation to one of the following addresses:

Bitcoin base layer: bc1qxhz2ma5f7cazj8tx33y9l0vdywgfzugf0yhr2k

Liquid sidechain: VJL638FWbZFxU3Pr8HxN8zp4PxUqqUtXoJfDq8ho3X298MTWea6vQppQrY6FfwNF3bYhraLZmqV47aZ9

Lightning Network:


If you make a donation and want to have your name featured in the Hall of Patrons, then please send me an e-mail.

Written By

I'm here for the freedom, censorship-resistance, and unconfiscatability. What about you?

Click to comment

So, what do you think?

Read the Bitcoin Whitepaper!

Get the BTCTKVR Newsletter!

Only trade with hard money!

Vaultoro enables traders to get paid negative trading fees. This is one of the best crypto exchanges in 2020, enabling anyone to trade crypto to crypto and crypto to gold and silver bullion. And market makers receive a negative trading fee.

Bitcoin Exchange rates

1 BTC = 36148.8300 USD
1 BTC = 36118.4000 USDT
1 BTC = 32200.6900 EUR
1 BTC = 26911.1000 GBP
1 BTC = 51147.7300 AUD
1 BTC = 45894.8400 CAD
1 BTC = 4147626.6900 JPY
1 BTC = 243605.3600 CNY
1 BTC = 149887.8100 RON

BitBox02: 5% Price Discount, 100% Swiss-Made Security

Steel plates are better than paper!

You May Also Like


Existen dos categorías importantes de billeteras hardware DIY que puedes construir con dispositivos electronicos de uso general: las que corren firmware portera (un grupo...


Much like Satoshi Nakamoto’s decentralized money system, the Bitcoin Takeover Podcast was launched in times of turmoil and uncertainty. But if the Bitcoin creator’s...


Estamos viviendo en la era dorada del hardware DIY. Gracias a los avances en el microprocesamiento y en la produccion/distribucion, hoy podemos comprar computadoras...


Though bitcoin itself is on sale during the Black Friday weekend due to a convenient dip, there are still ways for you to acquire...