Digital Bitbox Wallet Review- Complete Analysis

/Digital Bitbox Wallet Review- Complete Analysis

Digital Bitbox Wallet Review- Complete Analysis 2018-04-08T09:21:25+00:00
Digital Bitbox Wallet Review- Complete Analysis

Digital Bitbox Review

Quick inner navigation:

  1. What Is Digital Bitbox
  2. Is Digital Bitbox Safe?
  3. Digital Bitbox Price
  4. How to use Digital Bitbox?
  5. What Coins does Digital Bitbox support?

Trading in digital coins is turning out to be a money-making career for many people. People are buying these coins and speculating on them hoping to make a lot of money. However, like in all other industries, the cryptocurrency space has brought about its own breed of crooks with hackers working extra hard to steal investors’ coins.

When you buy coins, avoid leaving them on the exchange platforms. They are extremely vulnerable to hackers’ attacks. Instead, buy a hardware wallet where you can keep your coins offline. Even though you won’t have the privilege of accessing them in any machine, at least you will stay in peace knowing that your coins are safe. You can opt to use a software wallet if like trading on the go, but those are not as safe as the hardware ones. There are various hardware wallets available, but today we explore the Digital Bit box.

What Is Digital Bitbox?

Digital Bitbox is a plug and play hardware wallet that allows keeping your digital wealth in an offline storage. The offline storage prevents hackers from accessing your coins and will also protect you in case of a major system or network breach. This particular wallet was developed by Shift Devices in Zurich, Switzerland. Its team comprises of Douglas Bakkum, a biohacker, with experience in artificial intelligence technology and software and hardware development, Marko Bencun, a cryptography and software security expert and Jonas Schnelli with experience in mobile app ecosystem among others.

What Coins does Digital Bitbox support?

At the moment, digital bitbox hardware wallet supports Bitcoin and Ethereum tokens only. There are plans to add more in the near future.

It has a FIDO Universal 2nd Factor authentication for security. You can secure your account on Facebook, Google, Dropbox, Github, and others.

Digital Bitbox Price

Digital Bitbox wallet costs around $70.

Transaction fees

There are no added transaction fees apart from those you incur when transacting.

Supported apps

This wallet supports Mac, Linux, Source Code, and Windows.

What’s in the box?

In the digital bitbox package, you will find a microSD and a USB-key.

Digital Bitbox Special features

Digital Bitbox features a touch button and backlit LED, Micro SD slot, single-purpose microcontroller, hardware random number generator and Tamper resistant high-security chip. It also has the two-factor authentication security feature.

Is Digital Bitbox Safe?

  • Community Trust

The question in many crypto investors will certainly as is “is digital bitbox legit? We’ll see in a moment why it is legit.

Digital Bitbox is a minimalist hardware that supports other coins other than just Bitcoins. It is private, simple and user-friendly. This wallet is suitable for Bitcoin, Ethereum, Ethereum Classic and any other ERC20 token. Investors in this space have a lot of confidence with this particular wallet considering its security features.

  • Security

Swiss Devices use state of the art cryptography and security, to make sure that you are always two steps ahead of internet crooks. Internet security is their number one priority making sure that they protect your hard-earned wealth.

  • It features a two-factor- authentication, native software and multi-signature.
  • It is compatible with Tor and TAILS OS.
  • Has a U2F standard for keychain devices which allow secure access to the internet.
  • You can keep your private keys on a high-security chip which has a lifespan of more than 50 years.
  • It comes with a portable case made of very durable material.
  • Customer Support

Digital Bitbox is manufactured by a Swiss company that puts customer satisfaction at its forefront. If you have any question or issue with any of their products, you can always contact them using the contact details on their site. You can simply send them a message from their site and you’re sure to get a quick response. Partners include Spinoff ETH Zurich, Swiss Finance Technology Association, ValidityLabs and F10 Fintech.

  • Coins Backup

You can use Micro SD card to backup your coins at any time and an offline recovery system.

  • Ease of Use

  • It is a plug-and-play device that does not require special software or driver.
  • It allows quick shifting from one wallet to another and never connects to the internet or your PC.
  • There is no registration required and no additional set up.
  • No cables or batteries required

How to use Digital Bitbox?

It is very easy to set up your digital bitbox device. You only need your PC and your phone for the two-factor verification process. The rest is as easy as ABC.

  • Depending on your operating system, download the latest desktop up from the internet.
  • Plug in the device ensuring that the Micro SD is inserted
  • Using the desktop app, create a wallet name and password. You will get your first wallet and backup on the micro SD card
  • Using the addresses listed on the ‘Receive Tab” of your desktop app, transfer the coins into the wallet. Always remember the password since you cannot access the wallet or the backup if you lose it.
  • Now, remove the Micro SD card and keep it a safe place.

Review summary

Now that you know what a wallet is and its importance, the ball is now in your court to secure your digital coins. We’ve seen the advantages of these wallets including its top-notch security features and its ease of use. We’ve also seen that you can store private keys in high tech security chip that has a lifespan of more than 50 years. How about this for security? It has a backup system just for added on security and a recovery system just in case you lose your hardware.

With such a low price tag, you cannot bypass this device leaving your tokens in a software wallet or worse still in the exchanges. This wallet is for both beginners and the seasoned investors. It is very easy to use so beginners won’t have any difficulties. So, go ahead and order one and keep your tokens safe.

If you want to learn more about the hardware wallet as well as more about the cryptocurrency space, keep reading our articles. We’ll not disappoint you. Thank you until next time.

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