Bitkey Review: Hands on With Block’s Bitcoin Hardware Wallet

[@HaydenOtto]

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[@mannyo9304]

The fact that he's recommending a ledger should be a massive red flag. Ledger's ability to support numerous cryptocurrencies is NOT a feature, it's a bug. The fact that their device has to support so many different types of software is an attack vector that most people aren't aware of. The main feature of a BitKey is that it's Bitcoin only.

[@HaydenOtto]

Most people, who aren't Bitcoin maximalists, want to invest in more coins that are not just Bitcoin. Even a Bitcoin-only wallet, Bitkey lacks basic features that many other Bitcoin wallets support. I wasn't even able to successfully use their replace by fee feature, as it just failed.

[@alan123120]

@@HaydenOttoall other coins are a scam and unregistered securities the only one that is a commodity is bitcoin.

[@sidsarasvati]

Nice

[@TheBitcoinRevolution]

@@HaydenOttogambling on $hitcoins you mean?

[@fostee1]

Exactly!

[@slitch19]

I was able to back it up to the iCloud on iOS!

[@HaydenOtto]

Thanks for sharing that information.

[@Bogdan-Xaine]

That’s very stupid to do

[@michelwouters5725]

You are ineverything correct , however bitcoin is for the people. Not eveyone knows how it works. Ledgers are not that simple to use. I believe The company made a great attempt to get bitcoin more accepted with a better custody then solely software wallets. Great attempt to let the remaining market see what bitcoin can do.

[@mattyghost3409]

Just buy the ETF.... People that use wallets have multiple altcoins

[@fostee1]

Me too. I love mine. It’s innovative and easy to use. More secure than my bank account

[@wadehoek6740]

I would have appreciated his video more if he didn't keep shilling Ledger. He didn't seem happy that it doesn't store shitcoins.

[@HaydenOtto]

Yeah because most people have a diversified portfolio and aren't interested in holding Bitcoin only. Even in terms of Bitcoin functionality, this wallet is lacking.

[@mattyghost3409]

​@HaydenOttoI mean if you only want Bitcoin just buy the ETF 😜😜😜 lol

[@fostee1]

Yup

[@stock7628]

The one thing that does sound pretty cool that you mentioned in this video about the wallet is the daily spend limit how you can spend from the wallet without being with it, that's pretty cool

[@Btree33]

this is how areview is done ...detailed detailed detailed in all aspects of theproduct ..well done

[@DongLecuyer]

Appreciate it for posting! Looking for guidance: My Crypto Wallet has some Tether USDT, and I know the seedphrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How to go about sending them to Coinbase Exchange?

[@julneree]

Thank you for reviewing! So what’s your suggestion for people who don’t want to take care of a paper backup / seed phrase? You don’t recommend using Ledger and its Recover feature, and you don’t recommend this Bitkey wallet. What would you suggest in that case?

[@HaydenOtto]

I recommend that you DO partake in the safekeeping of your own seed phrase. If that's something you are not willing to do, then yeah your options are limited in that you will have to use something like Ledger Recover and that is not ideal or recommended by me. You may as well be storing your coins on an exchange.

[@fostee1]

Wrong info. User controls 2 of 3 keys. Block holds server key.

[@miket.8289]

I agree with you, this product seems sketchy for now

[@Manikese]

I think it was a great try, but I agree, there should be no requirement for personal info and there needs to be a way to save your 3 keys for the multisig. The rest seems pretty cool.

[@patrickpieters5435]

This was exactly what I needed to hear 🤝🏽

[@MichaelBoyden]

I was hoping for a positive review. i really want to like this wallet but thumbs up for well reasoning your thoughts. Seems maybe a perfect wallet for younger adults.

[@vincenzoadr9337]

i dont agree with you review , i think this is a first step to move your crypto out of exchanges , then when you get familiar with it you can step up your knoledge and self custody , i think this product is made for people approaching self custody .

[@HaydenOtto]

Sure, perhaps!

[@yankeesuperstar]

100%, look into bitcoin university

[@patrickpieters5435]

Invest a sufficient amount of time learning how to properly safeguard your funds. This is not the solution.

[@bpp5507]

$150 is a lot of money for a wallet that only holds bitcoin.. it's a nice looking wallet tho and the functionality of it seems pretty straight forward

[@HaydenOtto]

Yep. My thoughts exactly.

[@bpp5507]

@HaydenOtto if your looking for Cool, unique, and flashy then this is it. But if you want a REAL WALLET, I would probably lean more towards Trezor for something on the flashy side, but has high functionality. Or a Tangem Wallet, where it's a little more basic in looks, but a good price tag on it and holds tons of different coins

[@shamailsiddiqui1680]

He's Aussie don't blame him. Aussies can be a bit behind most of the world when it comes to innovation

[@bitfrankie]

That’s a bummer. The wallet looks so cool 😢

[@stephenmcvay5368]

Thank you. Seriously.

[@TayyabBoxer-p9c]

Great

[@dieterheld7970]

Don't buy , fingerprint does not work, giving hard time for refund. Missing features.

[@HaydenOtto]

Yeah I did try to contact them about something myself, a month or 2 ago, and never heard back.

[@mattyghost3409]

Why not buy the ETF if you're only interested in Bitcoin 😅😅😅..This key is crap

[@yankeesuperstar]

Btc is where it’s at.

[@bradbarnett4111]

USB a? Gross