Shift Crypto, the company that created the Bitbox 01 and 02 hardware wallets, is based in Switzerland. Less known to the general public than Ledger or Trezor, we wanted to test the features of this rather stylish digital wallet. As you know, your bitcoins (BTC) are not really yours if you don’t have access to your private keys. It’s time to be the proud owner of them 100%.
BitBox 02: multi-cryptocurrency wallet
There is a “Bitboin Only” wallet. The multi-crypto BitBox 02 supports bitcoin and 12 cryptos (including stablecoins like Tether or Daï). As you can see on the pictures, the wallet has a USB-C port: don’t worry, an adapter is provided if you have an old school PC. A longer cable will allow you to have the box in your hand for more comfort of use. You will find in the box an SD card for the back-up and a very brief user manual. We can’t hide anything from you: as soon as you get interested in cryptos, you’ll regret not having put a little more effort into learning the language of Shakespeare. In the long run, the most reluctant will end up learning the essential words …
Configuration of the BitBox
You must go to the site of Shift Crypto and in “app”. Several versions, including one for smartphone, are proposed to connect the wallet easily. Follow the instructions on the small digital box to create a back-up on the SD card provided. You still have the possibility to write down the 24 words of your passphrase. Rogzy also explains the simple steps in a video. You can also create different wallets by giving them each a name. You can also connect your BitBox to your node.
Compatibility with Ledger and Trezor
The BitBox is compatible with the ledger: insert your 24 words and you’ll get access to your bitcoins. It’s convenient and reassuring in a way. As you know, we talk about storage, but your cryptos are not stored: the wallets allow you to interact with the blockchain in a secure way. So it’s interesting to know that you can get access to your funds through another wallet. According to the walletrecovery.org website, the box is also compatible with Trezor. A tutorial explains how the BitBox is the most secure if you use the multisig.
Price and accessories
The price of the BitBox is unique: 129€. An original package (229€) is the “BitBox02 Onboarding Bundle”: you buy the BitBox, but also get 45 minutes online support to ask all your questions. The installation itself only takes a few minutes, but the support will help you with the configuration related to the security of your bitcoins (BTC). The site is only in two languages (English and German) and so is the support. Other accessories are available like a metal wallet to engrave your passphrase. You can pay in bitcoins (BTC) for all the products of the store. Preferably buy directly from the manufacturer for security reasons, some may remember the story of the fake Ledger keys… Of course never buy a used product.
The BitBox is a nice object, easy to handle, with an original backup on an SD card. The Shift Crypto team is very involved in the constant improvement of security, its software is open source. It is also involved in the adoption of bitcoin for all and has taken a stand in the Hodlonaut/Craig Wright case by donating $10,000 for Hodlonaut’s legal fees in the trial that took place in Oslo.