Simplicity is the key to security. Thrilled to share @walker's amazing feedback on the BitBox02 from @Stadicus recent appearance on his podcast! 🎙️ 🎧 Watch our thoughts on why simplicity matters (full video in the comments)

A novel way to securely send large amounts of Bitcoin to an exchange without triple checking bitcoin addresses? With the BitBox02, you can now use payment requests to ensure your transactions are secure and untampered. Let’s take a look at how this works: 💡 Reminder: Computers and smartphones are vulnerable to malware. The BitBox02 isolates critical Bitcoin operations, ensuring security even if your host device is compromised. 🔑 If you shouldn’t trust the host device, how can you be sure that the deposit address from an exchange is legitimate? If your computer is compromised, attackers can easily replace the exchange deposit address that is displayed in your browser with one that is controlled by an attacker! 📱 Verifying the deposit address on a second device can help, but is rarely an option on exchanges and cumbersome to use - especially when you don’t have a second device available. 🔐 Introducing payment requests: Exchanges sign your deposit address with their private key, and the BitBox02 verifies this signature against a public key that is stored within its firmware. This guarantees that you are sending Bitcoin to an address controlled by the exchange. If the signature for the address does not match the stored public key for the exchange, the BitBox02 rejects the payment request. This verification happens in the background. All the user has to do is to make sure the BitBox02 displays the correct exchange or service name on its transaction confirmation screen. No need to even check the bitcoin address! ✨ 🏦 Verifying banking details: The exchange or service can also choose to include data in the payment request, such as banking details, which will be displayed on the BitBox02 verification screen! Our first partner to introduce this feature is Pocket Bitcoin, users will soon be able to sell Bitcoin securely from within the BitBoxApp! We hope to see many other services introduce this security feature in the future (Kraken? Swan?)! - 🔄 In summary: the BitBox02’s payment request feature eliminates address spoofing and enhances the user experience, making Bitcoin transactions both easier and safer. Learn more about this on our blog post:

BitBox Blog

Using payment requests to securely send bitcoin to an exchange

Sending large amounts of bitcoin to an exchange with peace of mind: How the BitBox02 can achieve this using payment requests.

We love our Swiss mountains cold, just like our bitcoin wallets! ❄️ (We started September with a new cover image! 👇)

People on Nostr know the difference.

They tell you that Nostr is just a bad copy of Twitter. 🥲 What do you reply?

It looks nice around here. Who is a must-follow account on Nostr?

"If we take care to build good stuff in an honest, transparent way–and this is also why open source is so incredibly important–then we can build a new financial system that actually scales without compromising on the core values" Thank you @walker for hosting @Stadicus! ❤️ Watch the full video here 👇

This weekend was a split scene for us: some at the Baltic Honeybadger in Riga, and others at Börsentag Zurich. Our goal in Zurich? To show how Bitcoin is the Trojan horse ready to shake up traditional finance. The mood was upbeat as we introduced the traditional finance world to Bitcoin. Conversations were eye-opening, and the interest was genuine. This weekend confirmed it: Bitcoin is here to revolutionize finance. Let’s keep pushing forward, showing the power of Bitcoin to transform the financial landscape. 💪

"Bitcoin doesn't have intrinsic value." Bitcoin: #August21 #BitcoinInfinityDay #infinityday

Meet @Robin Seyr, the dynamic host of the 'Robin Seyr: Daily Bitcoin Podcast'! 🎙️ Every day, he brings fresh insights from different Bitcoiners, driving conversations about Bitcoin's role in reshaping our financial system. search on YouTube --> @RobinSeyr

It's not that vacations are getting pricier; it's that fiat currency keeps devaluing. 📉💸 In 2014, $1,000 equaled 2 BTC. By 2024, the same vacation costs 0.02 BTC. While dollar prices rose 20% (same vacation today is 1,200$), Bitcoin’s value soared, costing vastly fewer BTC. #bitcoin

Perfect launch day for the Steelwallet Pro—Aug 1st! 🇨🇭 It's Swiss National Day & marks the end of the 2017 Blocksize War, which upheld Bitcoin's distributed nature. Who was here already? 😎 Today, secure your Bitcoin with top protection (link in the comments):

Imagine if every coffee today was a piece of Bitcoin tomorrow...

Did someone say silent payments? 🤫 We have just signed the first ever silent payment transaction on a hardware wallet! Coming to your BitBox02 soon!

When the price of a roof over your head outpaces your paycheck, it's time to question our financial system. #bitcoin

¡Hola amigos! ✨ Starting today, we offer customer support in Spanish! All our Spanish-speaking friends can now write to us in their language and receive answers en español. For assistance, send a message to [support@bitbox.swiss]. ¡Gracias! ❤️

Internet users after 15 years: about 10,000 Bitcoin users after 15 years: about 100,000,000 We're just scratching the surface of what’s possible. 🚀 Instead of thinking about what we could've bought, let's focus on maximizing our future opportunities!

The history of hardware wallets: Using a Bitcoin wallet is (almost) normal today, but when Bitcoin was first created, such wallets didn't exist. Early Bitcoin users had to rely on rudimentary methods to manage and store their private keys, which were susceptible to high security risks. Over time, Bitcoin Improvement Proposals (BIPs) have revolutionized how users interact with their Bitcoins, significantly enhancing the security and usability of wallets. Here the BIPs that led to hardware wallets: - BIP32 (2012): Hierarchical Deterministic Wallets What it is: This BIP introduced a system where all Bitcoin keys could be generated from a single seed, known as Hierarchical Deterministic (HD) Wallets. Impact: It improved security by reducing the need for frequent backups and enhanced privacy by allowing users to generate new addresses for each transaction, all recoverable from the same seed. - BIP39 (2013): Mnemonic Code for Generating Deterministic Keys What it is: BIP39 proposed a method for converting the seed used in an HD wallet into a mnemonic phrase made up of easy-to-remember words. Impact: It made wallet backup and restoration more user-friendly. Instead of needing to secure complex keys, users can now recover their entire wallet using a simple phrase of common words, thus significantly reducing the risk of errors in recording the seed. - BIP43 (2014): Purpose Field for Deterministic Wallets What it is: BIP43 introduced a "purpose field" in the deterministic wallet structure, allowing for multiple different wallet structures under the same seed. Impact: It provided a method for developers to create specific wallet structures for different applications, all under one master seed, supporting improved organizational strategies. - BIP44 (2014): Multi-Account Hierarchy for Deterministic Wallets What it is: BIP44 builds on BIP32 and BIP43 by adding a specific structure for creating multiple accounts within the same wallet. Impact: It enabled users to have different accounts (like savings, checking, investment, etc.) under one master seed. Each account can have its own chain of addresses, enhancing both privacy and organization. These advancements, as proposed and implemented in the respective BIPs, address various aspects of security, usability, and functionality in Bitcoin wallet management. For hardware wallets, these proposals meant that users could not only secure their Bitcoins more effectively but also enjoy greater ease in managing multiple accounts and addresses under a single device. This reminds us of how Satoshi Nakamoto, by releasing the Bitcoin code, gifted the world one of the greatest technologies we have ever seen. However, developers have continued to introduce new updates to enhance its usability, and this will likely continue for decades, perhaps even centuries. We are all Satoshi.

About to receive your Bitcoin from Mt.Gox? Don't repeat history! 🔐 Secure them in a BitBox02 NOW! Our 24-hour flash sale offers a not-to-miss deal. Act fast and protect your future:

BitBox shop 🛒

Official store for BitBox hardware wallets and backup accessories

What's your 'why bitcoin'? 🤔