Have you used the BitKey device? If yes, what's your experience been? Are you happy with it? How's the build quality?
Discussion
Yes, and I currently use it as one of my storage solutions.
I love how simple and clean the app and setup are. Bitkey is the first cold storage setup I introduced to some (normie) family and friends. They were able to set it up without any help from me (which is a big deal).
Solid quality for its price point. I would pay more if there was a way to upgrade the ‘stone’.
Can you use It with a single-sig wallet as well as multi-sig?
Great question. The Bitkey device is a key to the multisig along with your phone. You cannot link any other keys (to my knowledge).
That’s one of the tradeoffs vs a solution like nostr:npub1casacasahesdrpu6npfth2t0ae37a2cdwwg3c4fkt30v7gzffx3q7wtzdc where you can link 3rd party keys (Trezor/Ledger) to the multi sig set up.
Ok, so basically that one multi-sig protocol using the 1) BitKey, 2) mobile device, and 3) encrypted key on BitKey servers is the one way BitKey works. It can't be used as a standalone key for signing single-sig transactions.
That is my understanding 100%
I'm currently using Nunchuk Wallet, and it has a similar system but it's like Casa. You can use Coldcard, Tapsigner, or Portal as 2 or your 3 keys, and the 3rd key is encrypted and stored on the Nunchuk servers. I've got a Tapsigner, and was considering getting a Coldcard so I could make a Taproot 2/3 multi wallet, but now I'm considering the BitKey. I've got some decisions to make... Thanks for your information. I really appreciate it.
Love it. Bitkey feels geared towards less technical savvy people (imo). Your set up is 🔥. Very curious your thoughts on Bitkey!
It seems really user-friendly, which is good because it will allow normies to use the most secure wallet options. Typically, they stick with basic single-sig configurations using a software key because it's easy and what all wallets support. And that's fine for <$1000 wallets, but when you're holding more than $1000, multi-sig makes more sense, and provides a higher level of protection. BitKey will facilitate large holdings for the masses.
Personally, I tend to go with the more technically complicated options. It's just my nature. I sorta like the idea of using a system where I can use multiple types of hardware signers along with software keys. I like the flexibility. That's where I'm sorta on the fence. Because I've already got a Tapsigner, and would just need a Coldcard or a Portal to have what I need for a Taproot multi-sig wallet. So, I don't know if I want to go down that road, or if I want to buy a BitKey and just use that system instead.
I think I'm going to download the BitKey wallet app and see if I like it. Because if I used BitKey, I'd be locked into their wallet, so I have to like it. So I still have some investigations to do to figure out which way I'm going to go.
Keep me posted on which route you pick. Tons of respect! I’m less tech savvy and have been battling between Casa & Bitkey.
+1 for Bitkey. I use it AND Coldcard. Wanted a Normie Approved wallet in my setup. I think it's perfect for all of the "Phone Drone" people out there.
I gotta take another look at the BitKey. My head's been swimming in wallets for the past week, and BitKey is one of the first ones I reviewed. So I gotta check it out again. I appreciate the recommendation!