21.3 C
London
Friday, September 17, 2021

Bitlox.com Wallet Review: Secure Hardware Crypto Wallet

- Advertisement -
binance 728x90 banner

About Bitlox.com

Bitlox.com Limited is a dynamic startup company, incorporated in Hong Kong, primarily offering to its customers products and services in the field of emerging financial technologies and digital currencies. BitLox Limited is poised to establish lasting strategic partnerships and expand with reliable partners and well-established investors across the globe.

Currently they have initiated pilot projects involving a pioneering hardware Bitcoin wallet and associated infrastructure, that brings state-of-the-art technology to both consumer and enterprise customers alike. With several more soon to be announced groundbreaking cutting edge fin tech solutions in advanced stages of research and development,

BitLox Wallet Limited will continue to cement its position at the frontline of fin tech innovation, continually leading the charge in transforming the future of the fintech industry and benefiting its ever expanding customer base worldwide.

BitLox is a hardware Bitcoin wallet. Although difficult to use in terms of getting to grips with all its features – the Bitlox wallet is elaborative when it comes to privacy and security. A list of the features an be found below.

Wallet of Bitlox.com Key Details

KeyDetails
Vendor NameBitlox.com
FeaturesHierarchical Deterministic, Open Source
Payment BTC, BCH, BTG
Platforms (Google Play)
ValidationFull Node
Ease of UseDifficult
Anonymity High
Wallet HQ LocationN/A
Listed At Altwow07/08/2021
Official Wallet WebsiteClick Here To Visit Wallet Website

How To Install Bitlox.com Crypto?

Step 1

First Download Bitlox Wallet Wallet App From App Store For Example ( Google Play, Or Apple Store. You Get Official Download Wallet Link At Bitlox Wallet Website.

Step 2

Once You Successfully Installed Wallet.Than Start Creating Wallet By Filling Necessary Data Which Required By Wallet Like – Name , Email, Password Etc.

Step 3

Download The Keystore File. This File Enable Or Allow You To Decrypt Your Wallet Just Alike Private Key Does, So If You Lose It Or Someone Gains Access To It, Your Coins Are Locked. Save This File On A USB Stick, Put It In A Ziploc Bag Or Waterproof Container, And Store It In A Safe Place .

Step 4

Many Wallet Offer Private Key Features. If Bitlox Offer Private Ket Features Than Follow This Guide – Snap “I Get, Proceed” And You Will See Your Private Key. Spare This Key By Printing Your Paper Wallet. Store This In A Safe Place For Example In Almira Or Any Zip Locker.

Step 5

Once You Follow All Above Guidelines Than Your Wallet Successfully Setup. Now It Is Time To Store Coin.

How does a BitLox Wallet work?

As a hardware wallet, Bitlox.com allows you to store your bitcoins offline, removing the possibility of your funds being stolen by malicious hackers, which is a common threat if funds are stored online. With BitLox, you have total control over your private keys securing your coins, allowing you to receive and send bitcoins without having to expose your private keys to the internet.

BitLox Security

Security is the best feature of the BitLox and the reason why you would want to use They over other hardware wallets. It complies with both BIP32 and BIP39 protocols, and is a fully hierarchical deterministic wallet with the ability to use up to a 24-word mnemonic code.

Unlike other hardware wallets a PIN is required to unlock the device, and then a second PIN is required to unlock each individual wallet. You can even set PINs down to the transaction level.

How does BitLox keep my cryptocurrency safe?

The hardware wallet itself comes in a titanium casing, which makes it extremely durable. The team have even claimed that it is ‘indestructible’. In terms of keeping your bitcoins safe, BitLox has the following security features:

  • Cold Storage. BitLox helps users keep the private keys associated with a user’s bitcoins in a secure, offline location, preventing online interference.
  • Alphanumeric keypad. The keypad ensures that you enter your pin securely as you do not have to tap into the screen display.
  • PIN. BitLox offers users the ability to create a complicated PIN that may go up to 60 characters. Additionally, it is alphanumeric, unlike other hardware wallets, that exclusively use numeric PINs.
  • Mnemonic recovery passphrase. You have the option of creating a 12, 18, or 24-word phrase that you can use to recover your private keys and funds in case you ever lose your wallet.
  • Hidden wallets. For enhanced protection, BitLox offers the ability to enter an additional PIN to access hidden wallets, allowing you to open up to 50 hidden wallets in total.

Can They back up my BitLox wallet?

Yes. You can use your 12, 18, or 24-word recovery phrase as a way to back up your funds, as it can be used to recover your private keys in the event you lose your wallet through using a compatible Hierarchical Deterministic (HD) wallet. Alternatively, you could also use their chrome app extension or native mobile app too.

Are there any extra fees for using my BitLox wallet?

No, there are no extra fees to use BitLox Wallet besides the cost of buying it. However, when moving funds in and out of your wallet, you will notice that you incur a network transaction fee, approximately under £2, depending on the network traffic at the time. Additionally, BitLox will show you your estimated transaction fees before you proceed with a transaction.

BitLox Ultimate

Each Bitlox Ultimate has a case that is machined from a single block of high-strength titanium – the same material spy planes and satellites are made of. 

Your BitLox has the capability to store up to 100 wallets (each containing practically unlimited addresses) – and up to 50 of them may be completely hidden, with only YOU knowing that they are even there.

Includes a BitLox Wallet hardware wallet encased in titanium TA-2 grade alloy, 1 travel sized USB micro cable (8 cm), 1 desktop length USB micro cable (60 cm), leather case, mnemonic cards, quick start sheet, full user manual and stylish presentation box. 

Why BitLox?

The security situation with mobile phones and desktop computers has gotten out of hand. That’s why we decided to create the BitLox. Digital currency such as Bitcoin is only as secure as the system that holds the private keys you use to authorize transactions. 

The private keys generated by the BitLox hardware wallet NEVER leave the device when in use – period. When you switch your BitLox off, the funds contained therein are absolutely safe and secure. When you use your BitLox to access your funds, all authorization is done on the device itself – entering your PIN, checking transactions to make sure you are sending what you want to send, and what fees you are paying. 

The device has a PIN code to prevent unauthorized access, each wallet may have a PIN code, each TRANSACTION may be set up to be verified by a PIN code. And by the way, these PIN codes may be up to 20 digits – numbers AND letters, lowercase and uppercase. If someone tries to guess a PIN, after but a few attempts a mandatory security delay kicks in.

Bitlox Wallet Review

7

Secure Wallet

6.5/10

Easy To Setup

7.5/10

Support

7.0/10

Pros

  • Hierarchical Deterministic
  • Open Source

Cons

  • 2 Factor Authentication
  • Multi-Signature
- Advertisement -spot_imgspot_img
Latest news
- Advertisement -binance
Related news

Bitlox Wallet Review

7

Secure Wallet

6.5/10

Easy To Setup

7.5/10

Support

7.0/10

Pros

  • Hierarchical Deterministic
  • Open Source

Cons

  • 2 Factor Authentication
  • Multi-Signature