About Bitfi Wallet
Bitfi Wallet, found online at Bitfi.com, is a hardware wallet shaped like a smartphone. The first version of the Bitfi wallet launched in 2018. A second version of the wallet called Bitfi Knox was launched in March 2019.
BitFi is an Open-source connected hardware device that stores multiple cryptocurrencies and assets. The wallet costs $120 and requires no technical skills. Users don´t have to download or install any applications on their computer or hardware device. Instead, the device automatically adds all the latest updates and features by receiving updates directly from their node in real time.
Bitfi Wallet is a hardware wallet that is completely safe and helps you keep your crypto safe. It is completely wireless and self claimed to be the world’s first unhackable crypto storage. It offers higher security than other storages in the cryptocurrency market.
This simple storage does not require any technical skill, download or installation of any app. As long as you set up your wallet, it will automatically receive the latest software updates. The wallet review will help you make the right storage decision for your cryptocurrency.
Bitfi Wallet Points Table
| Basic | Point |
|---|---|
| Wallet Name | Bitfi |
| Validation | Centralized |
| Wallet Type | Online Mobile Wallet |
| Anonymity | High |
| Easy To Use | Easy |
| Currency Supported | ERC20, XMR, ETH, BTC, LTC, NEO |
| Email Support | N/A |
| Bitfi wallet costs | $120 |
| Pin Code Protected | Yes |
| Frequency Of Update | Once In A Month |
| Price | Free |
| Trust Score | 8/10 |
| Founded | 2014 |
| Official Link | Click Here |
How To Install & Send/Receive Coin
How To Download Bitfi Wallet
Download Wallet From App Store Of Your Choice . The Wallet Available For Android & IOS Device .
How To Setup Bitfi Wallet
It Is Very Easy To Setup . Click On Start Button . After Brief Information You’ll Be Prompted To Create A Custom PIN Code .After That You Will Get Paper Key Fill It And Save This Key On Safe Place . You Are Done .
How To Send Coin From Bitfi Wallet
Click On Coin Icon Which You Want To Send . Than You Redirect To Transfer Page . Just Fill Receiver Address & Fill Amount Which You Want To Send . And Click On Confirm Button . You Are Done .
How To Receive Coin In Bitfi Wallet
Click On Coin Icon Which You Want To Receive , Than Click On Receive Button , You Will See Your Coin Address Copy It And Share With Payer That It
How does Bitfi wallet work?
Bitfi hardware wallet is a breakthrough technology that offers comparatively advanced security compared to other crypto wallets. It is good private as well as enterprise use because it adopts a simple interface. It does not require previous skills or any tech knowledge.
Bitfi wallet price
Bitfi price varies from one store to another. You can get the hardware drive from as low as $120 to $199 inclusive of shipping fee. The prices will also range based on your location. Do your homework right and have all the facts right. It is worth mentioning that you are free to buy this device from any dealer from across the world including eBay. Remember, it does not store private keys thus useless in a third party’s hands. However, it is advisable to deal with the manufacture and not a dealer.
Why Choose Bitfi Wallet
No Private Keys
World’s only wallet that doesn’t have private keys making it impossible to seize, lose or steal. This is pure consciousness.
Firmware Precision
You will never again need to download firmware to your malware infected computer or deal with anxiety of a multi-step process. They thoroughly hashes all bytes to perform ECDSA check to ensure they match with the update package & that it has not been tampered with.
Native Interface
No folders, no Chrome extensions, & no third-party websites. All digital assets conveniently appear in one place with balances & USD displayed.
Unlimited Wallets
Your wallet is device independent. You can have as many wallets as you want with one device.
Open Source. Verify.
Bitfi code is completely open source, they encourage developers anywhere in the world to review code.
Locked Bootloader
The features a locked boot loader rendering code injection futile either via a data port or via physical access to circuit board. USB/JTAG/UART/SPI are inaccessible & the board cannot be modified without irrevocably destroying device.
No Backups
Anyone who finds a list of 24 words knows instantly it’s a wallet. This is a major attack vector & completely eliminated from Bitfi.
No Counterfeiting
Unlike any other wallet, each device gets specially packaged firmware for its’ Trusted Execution Environment (TEE), this unique fingerprint means the device can’t be replicated.
Tech Support 365 days a year
The tech support is available 7 days a week by phone, email, & directly via your Bitfi device.
Far from a cold storage wallet, it saves nothing.
The Bitfi hardware wallet is the blockchain interface system that is much more secure that any cold storage method. The protocol secures billions in USD value without ever storing any sensitive data whatsoever. They believe that Bitcoin was always intended to be an un-seizable asset. Cold storage systems only protect users from online attacks and are not different from storing bars of gold in the safe or cash under a mattress.
Your brain extended to any blockchain utility.
Wealth management doesn’t have to be stressful; securing millions with Bitfi technology allows you to be independent of the device, in case of loss, theft, seizure, or accident. Device loss is simply irrelevant to the safety of funds. Because technology is designed to instantly wipe and over-write anything that you type into it, the device is always in the exact same state as it was before you took it out of the box. In fact, the presence of a device is no evidence of a wallet’s existence.
How does Bitfi secure wallets from outside threats like DDOS attacks?
Bitfi operates state-of-the-art nodes that run a complete copy of every blockchain to give users rapid access to information regarding their funds and to dramatically improve users experience. However, blockchains are decentralized and there are hundreds of other nodes running the same blockchain data in the event that nodes operated by are attacked. In the worst case scenario that nodes were to go down, users will still have access to everything on the blockchain and may simply experience slightly slower service until nodes go back online. It is impossible to fully lose access to blockchain data unless the entire internet went down, worldwide.