Foundation Passport
Cold Storage / HardwareFoundation Passport is a premium air-gapped Bitcoin hardware wallet with a distinctive design featuring a camera for QR code scanning. Open-source hardware and firmware. Envoy companion app. Designed in the USA.
Quick Verdict
With a Custody Score of 5.6/10, Foundation Passport is ranked #5 of 7 among cold storage / hardware providers. Its strongest category is Counterparty Diversification and its weakest is Insurance.
Analysis
Score Breakdown
The Custody Score is a weighted average across 8 criteria, each rated 1-10.
| Criterion | Score | Weight | Weighted |
|---|---|---|---|
| Security | 9 | 20% | 1.80 |
| Insurance | 1 | 15% | 0.15 |
| Regulatory | 1 | 15% | 0.15 |
| Fee Transparency | 9 | 10% | 0.90 |
| Track Record | 6.5 | 15% | 0.98 |
| Withdrawal Flexibility | 9 | 10% | 0.90 |
| Reporting & Audit | 2 | 10% | 0.20 |
| Counterparty Diversification | 9.5 | 5% | 0.48 |
| Total | 100% | 5.6 |
Key Features
- ✓Air-gapped QR scanning
- ✓Open-source hardware + firmware
- ✓Envoy companion app
- ✓Premium build quality
- ✓Camera-based signing
- ✓MicroSD backup
Fee Breakdown
| Setup Fee | $199 (device purchase) |
| Annual Custody Fee | None |
| Transaction Fee | Network fees only |
| Withdrawal Fee | Network fees only |
| Notes | Premium device. Air-gapped via QR codes and microSD. |
Security Details
Key Management
Air-gapped hardware wallet with camera
Cold Storage
100%
SOC Compliance
Open-source audited
Penetration Testing
Yes
Incident History: No known compromises
Insurance Coverage
Coverage
None — self-custody hardware
Carrier
N/A
Details
Hardware wallet. Full user responsibility.
Regulatory Status
Licenses
- N/A — hardware manufacturer
Foundation Devices Inc. US-based open-source hardware company.
Pros & Cons
Pros
- Beautiful premium design
- Truly air-gapped with QR camera
- Open-source hardware AND firmware
- Envoy app is excellent
- Designed and assembled in USA
Cons
- Bitcoin only
- Most expensive consumer hardware wallet
- Newer company
- Smaller community
- Larger form factor than competitors