Comparing Cold Card MK3 and MK4: Should You Upgrade?

TLDRWondering if you should upgrade from Cold Card MK3 to MK4? This video compares the two models and helps you decide. While the MK4 offers some new features like USB-C and NFC tapping, it may not be necessary for everyone. If you already have the MK3 and don't frequently use your Cold Card, the MK4 may not be worth the expense. However, if you're new to Cold Card and want the most secure option for storing your Bitcoin, the MK4 is a great choice.

Key insights

⚙️The Cold Card MK4 offers new features like USB-C and NFC tapping, making it more convenient for some users.

💼If you frequently use other cryptocurrencies besides Bitcoin, the Cold Card may not be the best option as it is specifically designed for Bitcoin.

🔒The MK4 has two secure elements for storing your 24-word seed phrase, providing enhanced security compared to the MK3.

🔌The MK4 comes with a USB-C port, allowing for faster data transfer and charging compared to the MK3's mini USB port.

🔄The MK4 has menu wrapping, a feature that allows for easier navigation through the menu compared to the MK3.

Q&A

Should I upgrade from Cold Card MK3 to MK4 if I already own the MK3?

If you already have the MK3 and don't frequently use your Cold Card, upgrading to the MK4 may not be necessary. The MK4 offers some new features, but the MK3 is still a secure option for storing your Bitcoin.

What makes the Cold Card MK4 more secure than the MK3?

The MK4 has two secure elements for storing your 24-word seed phrase, providing enhanced security compared to the MK3. Additionally, it offers features like countdown pins and menu wrapping for added security and convenience.

Can I use the Cold Card MK4 for cryptocurrencies other than Bitcoin?

No, the Cold Card is specifically designed for Bitcoin and may not support other cryptocurrencies. If you frequently use other cryptocurrencies, there may be hardware wallets better suited for your needs.

What are the benefits of the MK4's USB-C port?

The MK4's USB-C port offers faster data transfer and charging compared to the MK3's mini USB port. This can be more convenient for users who frequently connect their Cold Card to their devices.

What is menu wrapping and how does it improve navigation?

Menu wrapping is a feature exclusive to the MK4 that allows for easier navigation through the menu. With menu wrapping, you can scroll to the bottom of the menu and easily jump back to the top, saving time and improving user experience.

Timestamped Summary

00:00In this video, the Cold Card MK3 and MK4 models are compared to help viewers decide whether to upgrade.

06:19The MK4 comes with a clear plastic cover, added security features like countdown pins and menu wrapping, and a USB-C port for faster data transfer and charging.

08:21The MK4's two secure elements make it more secure for storing your 24-word seed phrase compared to the MK3.

10:30Upgrading from the MK3 to the MK4 may not be necessary for users who already have the MK3 and don't frequently use their Cold Card.

11:55However, if users are new to Cold Card and want the most secure option for storing their Bitcoin, the MK4 is a great choice.