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BitBox01 (Digital BitBox)

🔍 Last analysed 17th August 2021 . Bad Interface Not functioning anymore

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Do your own research!

Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.

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The Analysis 

This product has been superseded by the BitBox02 Reproducible device as stated by the provider it is end of life. Bitbox1 owners can get a discount on the later bitbox2. Bitbox1 is considered discontinued.

For lack of a screen, this product would otherwise fall into our category Bad Interface .

(ml)

Verdict Explained

The design of the device does not allow to verify what is being signed!

As part of our Methodology, we ask:

Can the user verify and approve transactions on the device?

If the answer is "no", we mark it as "Bad Interface".

These are devices that might generate secure private key material, outside the reach of the provider but that do not have the means to let the user verify transactions on the device itself. This verdict includes screen-less smart cards or USB-dongles.

The wallet lacks either an output device such as a screen, an input device such as touch or physical buttons or both. In consequence, crucial elements of approving transactions is being delegated to other hardware such as a general purpose PC or phone which defeats the purpose of a hardware wallet.

Another consquence of a missing screen is that the user is faced with the dilemma of either not making a backup or having to pass the backup through an insecure device for display or storage.

The software of the device might be perfect but this device cannot be recommended due to this fundamental flaw.

But we also ask:

Is the product still supported by the still existing provider?

If the answer is "no", we mark it as "Not functioning anymore".

Discontinued products or worse, products of providers that are not active anymore, are problematic, especially if they were not formerly reproducible and well audited to be self-custodial following open standards. If the provider hasn’t answered inquiries for a year but their server is still running or similar circumstances might get this verdict, too.