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Morix Wallet Card

🔍 Last analysed 18th February 2022 . Leaks Keys
15th July 2020

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Do your own research!

Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.

If you find something we should include, you can create an issue or edit this analysis yourself and create a merge request for your changes.

The Analysis 

Advertised Features

  • It eliminates the use of low-security PIN codes and implements better security through fingerprint authentication.
  • It is compatible with various cryptoassets, with Ripple(XRP) and ERC20 tokens to be added soon.
  • In addition to viewing the balance per cryptoasset, QR codes can also be displayed, so you can receive your cryptocurrency with the card alone.
  • You can integrate the card with dedicated apps and manage your cryptoassets properly.
  • It is waterproof and dustproof with an IP68 rating, which means that the card can be in water up to a depth of 1 meter and can withstand powder dust.

The card is paired with a companion app via Blue Tooth or USB. MoriX Wallet Few Users

It has fingerprint authentication.

The card includes an e-paper display to display the QR code for receiving digital assets. The display can also show the balance for the wallet.

MorixJP is known primarily as a technology specializing in fingerprint sensor technology on various devices.

There is no mention of mnemonic phrase backup, or the possibility to restore other wallets. The fingerprint sensor is the primary means for transaction confirmation.

The wallet is reliant on the companion app software.

As evidenced in this official MorixJP wallet card video on Youtube, the mnemonic phrase is generated and displayed on the mobile phone and not on the device itself.

(dg)

Verdict Explained

This product requires sharing private key material!

As part of our Methodology, we ask:

Leaks Keys!

Does the device hide your keys from other devices?

If the answer is "no", we mark it as "Leaks Keys".

Some people claim their paper wallet is a hardware wallet. Others use RFID chips with the private keys on them. A very crucial drawback of those systems is that in order to send a transaction, the private key has to be brought onto a different system that doesn’t necessarily share all the desired aspects of a hardware wallet.

Paper wallets need to be printed, exposing the keys to the PC and the printer even before sending funds to it.

Simple RFID based devices can’t sign transactions - they share the keys with whoever asked to use them for whatever they please.

There are even products that are perfectly capable of working in an air-gapped fashion but they still expose the keys to connected devices.

This verdict is reserved for key leakage under normal operation and does not apply to devices where a hack is known to be possible with special hardware.

The product cannot be independently verified. If the provider puts your funds at risk on purpose or by accident, you will probably not know about the issue before people start losing money. If the provider is more criminally inclined he might have collected all the backups of all the wallets, ready to be emptied at the press of a button. The product might have a formidable track record but out of distress or change in management turns out to be evil from some point on, with nobody outside ever knowing before it is too late.