Bitkey Wallet Review

Published in

Coinmonks

6 min readJun 15, 2024

This week, Bitkey, the self-custody Bitcoin wallet developed by Block, Inc.’s (NYSE: SQ) Proto team, started delivering its first hardware units to clients’ homes. With Bitkey, users can now and safely own and control their bitcoin. In this article, we will delve deeply into the Bitkey wallet review.

What is Bitkey?

Block, Inc.’s Proto Team develops Bitkey. Proto aims to create products that improve access and self-reliance for all people to hasten the global shift towards a more open economy. Bitkey is a three-part self-custody Bitcoin wallet: a smartphone software for simple phone transactions, a hardware device for safe offline saves, and a set of recovery tools in case users misplace their hardware, phone, or both. As a cutting-edge multi-signature self-custody wallet, Bitkey offers clients a variety of recovery options so they may remove their Bitcoin from exchanges and take full ownership and management of it without worrying about remembering a lengthy, complicated seed word.

Bitkey Wallet Review: Features

This platform allows you to choose trusted contacts to assist them in confirming recovery requests and retrieving their wallets when both the hardware and mobile keys are misplaced.
The Emergency Access Kit, which is automatically saved in the user’s cloud account, can assist the user in getting back up and running if the app is removed from the app stores or if they decide not to utilize the third key Block has saved.
You can save your fingerprint on your hardware device, enhancing its security.
Only the finger you scanned will be able to unlock the hardware wallet device and authorize transactions, so be sure to keep that in mind.
Use the app to securely send, receive, and transfer bitcoin while on the go. For further security, you may put a daily spending restriction on your phone.
Bitkey should last several months without being charged regularly and more than a year between charges if used far less frequently.
We may now move Bitcoin, already in your Bitkey wallet, from Coinbase and Cash App through integrations.
Moreover, Bitkey offers you the option of mobile pay, which allows you to make transactions using the app without using your hardware device to approve transactions.

Bitkey Wallet Review: Security

A two-of-three multi-signature wallet is called Bitkey. You must always use two of the three keys to sign a transaction to provide additional security.
Use your fingerprint to unlock the money and tap it with your phone to access the hardware-protected funds. You never have to risk connecting it to a computer because it connects to your phone by NFC.
On this platform, a backup encrypted key that is kept on the cloud in case your phone is lost
In addition, Bitkey Wallet co-signs invoices that exceed your mobile spending cap.
Bitkey authorizes modifications to your mobile limit and enables the retrieval of your mobile key.
Bitkey gives you permission to modify your security settings and trusted contacts, and it makes and signs payments up to the mobile cap you’ve specified.
It aids in money recovery if you misplace hardware, a phone, or both.

Bitkey Wallet Review: Mobile app

Bitkey Mobile app is available for download from Apple App Store and Google playstore for iOS and Android devices.
Bitkey is an excellent Android software for Bitcoin wallets that shines at offering consumers security, ease of use, and flexibility.
Its powerful security features and user-friendly interface make it a reliable choice for managing digital assets on mobile devices.
Users can confidently explore the world of cryptocurrencies thanks to Bitkey, knowing that their money is secure and readily available.

Bitkey Wallet Review: Customer Support

Bitkey officials take around 72 hours to revert if you have submitted an inquiry. You can submit an inquiry by going into the settings, finding the “Contact Us” option, and then stating your inquiry.
You can also reach out to them on their pages on multiple social media platforms, such as Facebook, Instagram, LinkedIn, Twitter, and YouTube.
They also have a separate section dedicated to blogs that keep you posted about the latest features and product launches of Bitkey.

Bitkey Wallet Review: Recovery

As a client, you always own two of the keys, and all transactions need approval of at least two.
This may be managed by replacing a lost key with a brand-new one from a fresh device or recovering what was lost from a backup you store in your cloud storage.
Depending on the recovery method you select, your wallet’s recovery takes between a few seconds and seven days.
Recovery methods in the following situations are available on this platform include:

There’s cloud backup available for misplaced or replaced phones.

Delay + Alert:

Replaced or lost phone without cloud backup accessibility.

Hardware lost or replaced, with or without cloud backup accessibility

Cloud Health Assessment: Replaced or lost a cloud account.

Trusted Contacts: lost/replaced phone and hardware device both at the same time..

Kit for Emergency Access: The Bitkey app is inaccessible in the app stores.

Bitkey Wallet Review: Conclusion

With the growing acceptance of cryptocurrencies, Bitkey remains a solid option for anyone looking for an all-inclusive digital asset management and Bitcoin solution. With Bitkey, people may fully assume responsibility for their financial independence in the digital era. The Bitkey App is a dependable tool for safely storing, and receiving Bitcoin and other digital assets straight from Android devices, regardless of the user’s experience with cryptocurrencies.

Frequently Asked Questions

How to receive Bitcoin on the Bitkey app?

Give your Bitkey address to the sender to receive Bitcoin. Every time a transaction is made, the Bitkey software will create a new address and encode it as either an alphanumeric string or a QR code. The sender must generate and send the transaction from their wallet or program when they have your address.

How can the Bitkey wallet order be placed?

You can place an order on their website, bitkey.world. After you place your order, you can track and check the status of your order.

How much time will it take for my Bitkey to arrive?

Transit times might change depending on where the ship is going. Transit times in the US are usually three to five days. Transit times outside the US might vary, but they typically take seven to ten days.