BitBox02

About BitBox02

The BitBox02 wallet is a hardware wallet, developed and manufactured in Switzerland by Shift Crypto AG. It is the next generation of the BitBox01 wallet, which was launched in 2015. The BitBox02 wallet is designed to be simple, secure and versatile. It allows you to store, send and receive multiple cryptocurrencies, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens.

How Does It Work?

The BitBox02 wallet works by generating and storing your private keys on a secure chip inside the device. Your private keys are never exposed to the internet or your computer, which protects them from malware, phishing and other attacks. To access your funds, you need to connect the BitBox02 wallet to your computer or smartphone via USB-C or USB-A cable, and use the companion BitBoxApp software. The BitBoxApp lets you manage your accounts, transactions and settings in an intuitive interface.

The BitBox02 wallet also has some unique features that enhance its security and usability. For example, it has an OLED display that shows you important information and confirms your actions. It has invisible touch sensors that let you enter your PIN code and approve transactions by tapping on the device. It has offline backups that let you save your recovery phrase on a microSD card or a BIP39 mnemonic. And it has a dual-chip architecture that isolates the secure chip from the general-purpose chip, making it harder for hackers to compromise the device.

Why BitBox02 Wallet?

The BitBox02 wallet has many features and benefits that make it a great choice for crypto enthusiasts. Here are some of them:

• Swiss-made quality: The BitBox02 wallet is developed and manufactured in Switzerland, following high standards of quality, security and privacy. The device is made of durable materials and undergoes rigorous testing before shipping.
• Multi-crypto support: The BitBox02 wallet supports Bitcoin, Ethereum, Litecoin and ERC20 tokens, giving you access to a wide range of crypto assets. You can also switch between different editions of the device: the Multi edition that supports all these coins, or the Bitcoin-only edition that supports only Bitcoin for extra security.
• User-friendly design: The BitBox02 wallet is designed to be easy to use for beginners and experts alike. It has a minimalist and compact form factor that fits in your pocket or keychain. It has an OLED display that shows you clear information and prompts you to confirm your actions. It has invisible touch sensors that let you enter your PIN code and approve transactions by tapping on the device. And it has a simple setup process that guides you through creating your accounts and backups.
• Secure backups: The BitBox02 wallet lets you backup your recovery phrase on a microSD card or a BIP39 mnemonic. This way, you can restore your funds in case you lose or damage your device. You can also use multiple backups for extra redundancy or share them with trusted parties for multisig setups.
• Regular updates: The BitBox02 wallet receives regular firmware updates that add new features, improve performance and fix bugs. You can easily update your device via the BitBoxApp software, which checks for updates automatically. You can also verify the authenticity of the firmware using digital signatures.
• Open-source software: The BitBox02 wallet is based on open-source software that can be audited by anyone. This means you can trust that the device is not hiding any secrets or vulnerabilities. You can also contribute to the development of the software or fork it for your own purposes.
• Affordable price: The BitBox02 wallet costs $119 for either edition, which is cheaper than some of its competitors such as Ledger Nano X or Trezor Model T. You also get free shipping worldwide and a two-year warranty.

How to set up and use the BitBox02 wallet?

Setting up and using the BitBox02 wallet is easy and straightforward. Here are the steps you need to follow:

• Download and install the BitBoxApp: The BitBoxApp is the software that lets you interact with your BitBox02 wallet. You can download it from the official website for Windows, Mac, Linux or Android. You can also use the web version of the app if you prefer. After downloading, install the app on your computer or smartphone and launch it.
• Connect your BitBox02 wallet: Connect your BitBox02 wallet to your computer or smartphone using the USB-C or USB-A cable provided. The app will detect your device and guide you through the setup process. You will need to create a PIN code, a device name and a password for the app. You will also need to backup your recovery phrase on a microSD card or a BIP39 mnemonic. Make sure you write down your recovery phrase and store it in a safe place, as it is the only way to restore your funds if you lose or damage your device.
• Create and manage your accounts: After setting up your device, you can create and manage your accounts for different cryptocurrencies. You can add, rename, hide or delete accounts as you wish. You can also view your balances, transaction history and addresses for each account.
• Send and receive transactions: To send or receive transactions, you need to connect your BitBox02 wallet to your computer or smartphone and use the app. To send a transaction, you need to enter the recipient’s address, the amount and the fee. You will then need to confirm the transaction on your device by tapping on the touch sensors. To receive a transaction, you need to generate an address for your account and share it with the sender. You can also use QR codes to scan or display addresses.

How to backup and restore the BitBox02 wallet?

Backing up and restoring the BitBox02 wallet is simple and secure. Here are the steps you need to follow:

• Backup your recovery phrase: When you set up your device, you will be asked to backup your recovery phrase on a microSD card or a BIP39 mnemonic. Your recovery phrase is a list of 24 words that represents your private keys. It is the only way to restore your funds if you lose or damage your device. You should write down your recovery phrase and store it in a safe place, preferably offline and away from fire, water or other hazards. You can also use multiple backups for extra redundancy or share them with trusted parties for multisig setups.
• Restore your funds: If you lose or damage your device, you can restore your funds using another BitBox02 wallet or any other compatible hardware or software wallet that supports BIP39 mnemonics. You will need to enter your recovery phrase on the new device or wallet and follow the instructions. You will then be able to access your accounts and transactions as before.

How to update and troubleshoot the BitBox02 wallet?

Updating and troubleshooting the BitBox02 wallet is easy and convenient. Here are some tips and solutions for common issues:

• Update your firmware: The BitBox02 wallet receives regular firmware updates that add new features, improve performance and fix bugs. You can easily update your device via the app, which checks for updates automatically. You can also verify the authenticity of the firmware using digital signatures.
• Reset your device: If you forget your PIN code, device name or password, you can reset your device by entering an incorrect PIN code 10 times in a row. This will erase all data on your device, but not on your backups. You can then set up your device again using your backups.
• Contact support: If you encounter any other problems with your device or app, you can contact the support team via email, chat or phone. You can also check the FAQ section on the website or join the community forum for more help.