BitBox02, Review Of The Alternative Cold Wallet To Ledger And Trezor
BitBox02, Review Of The Alternative Cold Wallet To Ledger And Trezor
✍️ 20 December, 2023 - 15:19 👤 Editor: Jakub Motyka
BitBox02 is a cold wallet or hardware wallet that is presented as a cheaper alternative to the best Ledger and Trezor hardware wallets: Ledger Nano X, on the one hand, and Trezor Model T, on the other.
In this analysis of BitBox02 you can read my opinions about this hardware wallet for cryptos.
Speaking of hardware crypto wallets implies naming well-known manufacturers such as Ledger or Trezor. But the truth is that, beyond these two brands, there are companies like BitBox that also offer cold wallet alternatives like the BitBox02 that stars in this analysis with opinions .
BitBox02 is the Swiss alternative to cryptocurrency cold wallets. It has open source code and is available in two versions: Bitcoin-only edition and Multi edition.
BitBox02 is a crypto wallet or cold wallet of high range that, in addition to offering a dual chip backed by open source code, brings compatibility with over 1,500 ERC20 tokens (which includes from Bitcoin (BTC) to Ethereum (ETH), going through Litecoin (LTC), Cardano (ADA) and many more), a system of microSD backup, compatibility with DApps, mobile application and much more.
All this at a more than reasonable price. Thus, it is logical that this BitBox02 analysis with opinions is a more than recommended reading for anyone who wants to buy a hardware crypto wallet for the first time and, beyond the entry models such as the Ledger Nano S Plus or Trezor Model One, look for something a little more complete in the cold wallet market.
🛠️ Specs Of BitBox02
Dimensions
54.5 x 25.4 x 9.6 mm
Weight
12 grams
Display
128 x 64 pixel screen, white letters, OLED background
Cryptocurrency compatibility
Bitcoin (BTC) and over 1,500 ERC20 tokens
Connectivity
USB Type-C
Security
ATECC608B True random number generator (NIST SP 800-90A/B/C)
Supported operating systems
Windows (from Windows 7) macOS (from macOS 10.13) Linux Android
Technical characteristics of the BitBox02 cold wallet.
Choosing a wallet to store cryptocurrencies requires a very good understanding of what each hardware wallet model on the market offers. BitBox02 is presented with a list of features that are worth analyzing in more depth below, so that you can understand if it is worth buying the manufacturer's BitBox02 wallet model BitBox.
⏏️ BitBox02, The Crypto Wallet With Touch Controls, OLED Screen, And Integrated USB Type-C Port
There are several features that stand out when analyzing the BitBox02. But starting first with its design, we are talking about a very compact device (measuring 54.5 x 25.4 x 9.6 millimeters), and tremendously light (12 grams), so that it fits comfortably in any pocket and, in fact, can be carry even in your purse.
This is how the BitBox02 is presented inside the box.BitBox02 in hand.
If we analyze its design in more detail, we will see several peculiarities compared to other manufacturers. The first one is that there are no physical buttons: the controls of the BitBox02 wallet are tactile and their pressure recognition surfaces are located on the sides of the wallet:
These are the touch controls that allow you to perform actions on the BitBox02 cold wallet.
In addition to a hole reserved to use a pendant, which is included in the box in the form of three different colors, this cold cryptocurrency wallet also has a microSD port designed to restore and backup crypto wallets easily.
BitBox02 connected to the computer through the extension cable that also comes in the box.
But there's more. The BitBox02 is something like a pendrive 2.0, that's why, instead of bringing a conventional USB port, it has a Type-C USB ready to plug into any modern computer or mobile. We did not like the rubber "sleeve" that comes with this connector, which is very easy to lose every time we need to operate with this cryptocurrency hardware wallet.
It is a detail that in the box of this cryptowallet includes an microSD card of 8 GB in case you need to make a backup copy of your wallet somewhere moment, as well as more things that we will collect in the next section of this analysis with opinions of BitBox02.
📦 What's In The Box Of BitBox02
In the BitBox02 box we find:
x1 USB Type-C to USB adapter.
x1 extension cable with USB Type-C output.
x3 pendants (white, gray and black ).
x1 x 8 GB microSD card.
BitBox stickers.
Box with all the content that this cold wallet from the Swiss manufacturer BitBox brings.
💾 Natively Compatible With Bitcoin, Ethereum, Litecoin, And Cardano; Plus 1,500 ERC20 Tokens
The BitBox02 cryptocurrency cold wallet is natively compatible with Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), as well as Cardano (ADA) via AdaLite. But, in addition, through MyEtherWallet (also Rabby) it can be used to store more than 1,500 other ERC20 tokens.
Likewise, it is possible to connect the wallet to any DApp built on the Ethereum (ETH) network, which includes NFT market places, exchanges and many other DeFi apps (decentralized finance).
The interesting thing is that, thanks to the fact that it comes with a microSD card port (and includes the microSD card itself in the box), if you are going to create a new wallet in this cold wallet you can copy the recovery words to the external memory card. This saves you from depending on one day finding the paper on which you wrote these words. If you prefer, the BIP-39 seed key can also be displayed on the screen for you to copy on paper.
👮 BitBox02 Cold Wallet Security
There is one aspect that I really like about this cold cryptowallet compared to other competing models: its focus on security. It is a cold wallet that has been designed with users looking for maximum security to store their cryptocurrencies in mind, and in this sense it has several points ahead of Ledger and Trezor, both manufacturers .
In addition to the microSD card backup system that neither Ledger nor Trezor has, the BitBox02 has a source code –both in the wallet as in the BitBoxApp program – which is open source and, in addition, is audited by external companies.
It is a code that has thought about practically all the security risks that the user who uses a cold wallet may face. It has from USB communication encryption to prevent data theft when connecting the wallet to the computer, to a bootloader that only accepts firmware signed by Shift Crypto strong> (and you can't go back to a previous version), among many other advanced security measures.
On the hardware side, it has a dual chip whose security chip is the ATECC608B, with a true random number generator model NIST SP 800- 90A/B/C. It also complies with the FIDO U2F authentication standard.
In addition, the wallet comes home in a vacuum sealed bag, with a stamped seal around the seal that guarantees that no one can alter the contents of the box from that leaves the warehouse until it arrives at your home. In this sense, if yours is the obsession with security then stop reading and buy the BitBox02 wallet now. Seriously, here you are facing the Swiss Army Knife of cold crypto wallets.
🖥️ Compatibility With Windows, Mac, Linux, And Android, But Not iOS
Except for Apple's iOS operating system, BitBox02 is compatible with the main systems on the market: it works with Windows 7 or higher; macOS 10.13 or higher; Linux and Android. It has both a native program for computers and an official mobile application, in both cases called BitBoxApp.
In a few steps you can have your BitBox02 ready to be used thanks to the ease of use of the BitBoxApp application.
The initial setup couldn't be easier. It's super easy to get the wallet up and running, even if it's your first time using a cold wallet for cryptocurrencies. The BitBox application will guide you through the entire process, making your life easier whether you are going to create a new wallet or if you are going to use a wallet that you have previously created. to import its content.
🗣️ My Opinions About BitBox02
When I first heard about the cold crypto wallet BitBox02, I was surprised that it was priced higher than Ledger Nano S Plus or Trezor Model One when, at first glance, it didn't seem like their technical characteristics justify it. But after having thoroughly tested it, I can say that the price difference is justified.
While Ledger and Trezor go towards the mass public, BitBox has preferred to give up a more affordable price in exchange for betting everything on security. It is something that is noticeable the moment you begin to investigate more in depth about the BitBox02 security, which is undoubtedly one of its differentiating characteristics compared to the competition.
The care for security that the manufacturer has taken in this cold wallet is worth its price, slightly above what the Nano S Plus or Model One cost. To this is added a very compact design, USB Type-C connectivity, microSD backup, ease of use... definitively, an alternative to take into account. It is true that it does not have Bluetooth, but it can be justified in favor of security.
🔎 Differences Between BitBox02 Bitcoin-Only Edition vs BitBox02 Multi Edition
Hey! If you are going to buy the BitBox cryptocurrency cold wallet, you will see that there are two models for sale: one is the BitBox02 Bitcoin-only edition , and the other is the BitBox02 Multi edition. Both cost exactly the same, but they have a subtle difference.
Its name says it all: BitBox02 Bitcoin-only edition is a cryptocurrency wallet only for Bitcoin (BTC), and is designed with the idea that, by having less code (because it only supports one crypto), it will be less exposed to security risks; the other version, the Multi edition that we have tested in this review, is the one that is compatible with all the cryptos we mentioned before.
🤑 Price, Availability, And Offers To Buy BitBox02
BitBox02 is for sale in Spain and other countries around the world for a really interesting price. Remember that this crypto wallet can be purchased in two different versions: Bitcoin-only edition, for those looking for a Swiss cold wallet just to store Bitcoin (BTC); and the Multi edition, for those who want to store their Bitcoin (BTC), Ethereum (ETH) and many more tokens in the wallet.
BitBox02 is the Swiss alternative to cryptocurrency cold wallets. It has open source code and is available in two versions: Bitcoin-only edition and Multi edition.
At this point in the BitBox02 review with opinions, let's make one last stop to address the frequently asked questions about the BitBox hardware wallet , including questions such as "What is BitBox02?", "What currencies does it support?" or "How much does it cost?", among others.
What Is BitBox2?
BitBox02 is a cold wallet to store cryptocurrencies without the need for an internet connection. It is a device manufactured by the Swiss company BitBox.
What Currencies Does The BitBox02 Wallet Support?
In addition to Bitcoin (BTC), the BitBox02 wallet is compatible with cryptocurrencies such as Ethereum (ETH), Litecoin (LTC ), Cardano (ADA) and more than 1,500 ERC20 tokens.
The alternatives to BitBox02 are Ledger Nano S Plus and Trezor Model One, while if we raise the budget a little we find more expensive options , and more complete, such as Ledger Nano X or Trezor Model T.
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