Bitbox Wallet: Open Source Hardware Wallet

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The Bitbox Wallet is an easy to use USB-C hardware wallet. You can plug it in on your computer or smartphone and use the Bixbox software to sign transactions or generate new receiving addresses. The hardware wallet is based on open source software.

Description

What is Bitbox? The Bitbox02 Wallet is an easy to use USB-C hardware wallet that is designed to store and manage bitcoin securely. It is a product of Swiss company Shift Crypto and was launched in 2015. You can plug it in to your computer or smartphone and use the Bixbox software to sign transactions or generate new receiving addresses. The wallet is based on open source software.

In addition, you can buy bitcoin directly in the BitBoxApp using Pocket exchange. Pocket is a Swiss bitcoin exchange that automatically exchanges your bank transfers into bitcoin and sends them directly to your own bitcoin wallet with no account or registration.

BitBox is known for its privacy and security measures, which include a physical secure element chip that stores the user’s private keys, secure Multisig, Tor support, end-to-end encryption of communication between the app and the device. The BitBox wallet supports multiple cryptocurrencies, including bitcoin. It’s possible to use a bitcoin only edition. The wallet is also compatible with a number of popular desktop and mobile wallets, including Electrum and MyEtherWallet.

Bitbox02 hardware wallet enables you to securely back up your bitcoin seed by storing it on a microSD card. This approach minimizes the risk of losing your funds due to human error when transcribing the seed words.

BitBox02 is one of the few wallets, the other one being Blockstream Jade, that implement anti-Klepto measures. The term “Klepto” refers to a specific type of attack where an attacker physically steals the hardware wallet or extracts the cryptographic keys stored on the device. This poses a significant threat to the security of your funds. While traditional hardware wallets store private keys directly on the device, making them vulnerable to theft or extraction, BitBox02 uses a secure element chip to store and protect sensitive information, including private keys.

Moreover, the communication between the BitBox02 and companion software is encrypted. Finally, by design, wallet aims to minimize its attack surface. It doesn’t expose unnecessary components or features that could be exploited by attackers. This includes implementing anti-Klepto measures to protect against physical theft of the device.

Bitcoin-only edition for bitcoin maximalists: The BitBox02 Bitcoin-only edition will only ever have Bitcoin firmware. Nothing else. Unlike other hardware wallets, the Bitcoin-only edition cannot be reset to support other coins. The Bitcoin-only firmware is locked down at factory setup.

Is BitBox02 a Good Wallet?

In addition to its security and privacy features, BitBox BTC wallet is also known for its compact size and portability, as it is small enough to fit in a pocket or be carried on a keychain. It also has a user-friendly interface and is simple to set up and use.

One potential downside to the BitBox wallet is its price, as it is relatively expensive compared to some other hardware wallets on the market. Moreover, the BitBox requires a separate device, a smartphone or computer, to fully interact with it. However, this can also be seen as a security feature, as it reduces the attack surface of the wallet. Generally, the BitBox is a reliable and secure option for managing your bitcoin.

While Bitbox mobile app is only available for Android devices, its desktop app is compatible with Windows, macOS and Linux.

More Information

Additional information

Bitcoin Only

Source Code

Wallet Type

USB-C Connector

Yes, USB-C

microSD card

Yes

2FA

Multisig

SegWit

Watch-only

Air-gapped

Tor Support

Taproot

Mobile App

Yes

Dekstop App

Yes

Operating System (OS)

, , , ,

Built-in Exchange

Legacy Address

Bech32

Supported Languages

, ,

Affiliate Program

Yes

Made in

Switzerland

Year Launched

2015

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