Bitcoin is one of the most widely bought crypto assets as it comes with a high value and low risk. However, if you have purchased or invested in Bitcoin (BTC) but have not opted for a safe crypto storage as of yet, then you can invest in a Bitcoin-friendly wallet named Bitkey wallet.
This self-custody wallet is founded and developed by Block Inc., which was also known as Square Inc., and was developed under the flagship of Jack Dorsey. If you also wish to have true ownership of your Bitcoin, then this wallet could be the perfect choice for you, as it comes with the power of a mobile application, a hardware wallet device, and cloud-based recovery options. Moreover, it has a user-friendly interface that comes equipped with secure solutions for the safety of Bitcoin without any third-party interference.
In this document, you will find all the details related to wallet setup, download method, login process, security features, and more.
The Bitkey wallet is available for both mobile and desktop usage. And the best part is that it also has a companion hardware wallet device. If you wish to get started with this wallet, then you can follow the steps below for the Bitkey Wallet download:
To get the Bitkey Wallet app, go to its official website.
The official link to get the app is - https://bitkey.world/.
Scroll down a bit and choose your device- Android or iOS.
You can also scan the QR code given at the bottom of the page.
When you’re on the download page, you can install or get the app from here.
As the app installs, you will be guided through the wallet setup.
You may also connect it to the Bitkey hardware wallet.
Important: You should download this wallet only from the official website, not from any third-party APKs or from any suspicious third-party platforms.
Using this wallet is pretty simple, straightforward, and does not require much effort on the part of beginners. If you also wish to use this wallet, then the following steps will help you with the initial wallet setup:
Install the Bitkey Bitcoin Wallet app on your mobile (if it isn’t there already).
Further, you must unbox the Bitkey hardware wallet device and power it on.
Now, you must pair your wallet device with the app using the given QR code.
Thereafter, the wallet will generate your 2-of-3 multi-key setup. (One key is stored on your mobile app, the other one on your hardware device, and the last one is kept by Bitkey (Block) in an encrypted format for wallet recovery, whenever needed.
In the next step, you can set up a Biometric authentication or a PIN.
This will come into action when you need to access the app.
After confirming test transactions, your onboarding process will be completed.
Once the wallet is set up, it is all set to receive and send Bitcoins without compromise on security grounds.
In order to access your self-custody wallet, you can follow the easy steps furnished below on the Bitkey wallet app. Though it does not follow a traditional username or password, there is a multi-key system that it actually uses to authenticate as well as authorize transactions or any other actions:
The first thing that you do is access your wallet by opening the wallet mobile app.
Make sure that this application is well-paired with your hardware wallet device.
If you’re interested in sending some BTC, you must confirm each transaction.
For this, you can use the mobile phone key, the hardware key, or the server-side recovery key.
This helps you obtain complete control over your Bitkey wallet and your crypto assets.
After downloading the wallet app on your device, you’ll get the following benefits and features from the Bitkey mobile app, as it works as the central dashboard for managing your assets. The intuitive application comes with the following features:
The true non-custodial Bitcoin wallet
Allows you to track real-time balance updates
Dedicated features for sending and receiving Bitcoins
Transaction approval using 2-of-3 key security
A dedicated feature for viewing transaction history
Comes with built-in recovery options
Supports a wide range of languages
Has a clean and intuitive user interface
Find guided instructions for every action
In this section, we’ll be tracking down the key security features of the Bitkey wallet so that we can figure out whether this wallet is secure or not:
If you purchase your wallet from https://bitkey.world/en-US/products/bitkey, it ensures that you have it from the official sources.
Uses a 2-of-3 multi-key architecture for protecting your crypto assets.
Sign your transactions offline on the hardware wallet without connecting to the internet.
Enable biometric or PIN authentication, which works as an added layer of protection.
The hardware wallet is also tamper-resistant and comes with a secure element chip.
In case you’re looking for a Bitcoin-friendly, self-custody wallet that is not only easy-to-use, but is also secure and easily recoverable, then the Bitkey wallet is the right choice for you. The wallet comes with decentralization and other features that let you enjoy Bitcoin independence while allowing you to enjoy full control over your crypto assets.