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In this confrontation between BitBox02 vs ColdCardwe will delve into exploring the two hardware wallets.
Each has unique features for different types of users.
We’ll compare their security features, ease of use, supported cryptocurrencies, price, and more.
List of contents
Get to know the wallets: BitBox02 and Coldcard
BitBox02
the Hardware wallet BitBox02 Created by Shift Crypto. A Swiss company known for its high standards of privacy and security.
The company was founded in 2015 by a team of Bitcoin enthusiasts and security experts. It aims to create a secure cryptographic store that everyone can access.
The BitBox02 is small and functions as a USB-C device. You can carry it easily and it is easy to use.
It has touch sliders on the side, eliminating physical buttons on the device.
Cold Card
the Cold Card wallet It was developed by Coinkite, a Canadian company that has been around since the early days of Bitcoin. I started in the field of crypto security in 2012.
Coinkite uses open source technology, which adds an extra edge to its security features.
The Coldcard wallet is a no-frills device that looks like an old-fashioned calculator.
It has a built-in keyboard and a small screen that displays your transaction information.
Let us analyze the important features of each wallet one by one.
Supported cryptocurrencies
| BitBox02 Multiplayer Edition | Cold Card |
|---|---|
| Bitcoin, Ethereum, Litecoin, ERC-20 tokens | Bitcoin only |
BitBox02
BitBox02 comes in two versions: Multi-encryption Edition f Bitcoin only edition.
The Multi-crypto version supports a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin and all ERC-20 tokens, covering thousands of different tokens on the Ethereum network. You can access DeFi projects, NFTs, and dApps.
Cold Card
Coldcard wallet is 100% Bitcoin. Bitcoin only Hardware wallet. Intended for BTC fundamentalists who want to focus on the OG of cryptocurrencies.
Setup process
BitBox02 setup
Setting up BitBox02 is fairly easy, even if you’re new to using hardware wallets.
1️⃣ Download the BitBoxApp application on your device.
2️⃣ After connecting to your computer or smartphone via the USB-C port, BitBoxApp prompts you to go through the step-by-step setup. The app is fairly intuitive and easy to navigate.
3️⃣ When it comes to backing up your wallet, BitBox02 uses a microSD card to store an encrypted backup of your private keys.
🚨He remembers: Make sure to keep your microSD card safe, where it can’t be damaged or lost!
Cold card preparation
Setting up Coldcard involves a few extra steps, but any tech-savvy user will appreciate it! This wallet is airless, as it is designed to work offline.
This means that it does not need to be connected to a computer or smartphone in order to work. But more on that later…
Coldcard uses the microSD card for several functions, including firmware updates and transferring transaction data.
You create your wallet and private keys directly on the device, and transactions are signed offline.
1️⃣ Download the Sparrow application on the device.
2️⃣ Connect Coldcard to your computer, using a USB cable.
3️⃣ Follow the prompts on the device to set up the PIN and retrieve the backup.
You are now ready to receive Bitcoin via your Sparrow wallet. For more detailed instructions on how to use Coldcard Wallet, please see our Coldcard Wallet review.
Pro Tip:
Always store your initial recovery phrase on a cold wallet backup, e.g DIY materials.
Paper cards or electronic SIM cards can easily break, degrade over time, or get misplaced.
Ease of use
When it comes to using your hardware wallet, you want to make sure that you are comfortable and familiar with how it works.
The last thing you want is to be suspicious of your movements when buying and sending cryptocurrencies.
BitBox02
When it comes to ease of use, BitBox02 has a good reputation.
Users tend to like the touch sliders, which make navigating the device intuitive.
The app is available for desktop and mobile, so you can manage your cryptocurrencies on the go.
Straightforward setup and operation make it ideal for beginners or those who prefer a hassle-free experience.
Cold Card
Using Coldcard, on the other hand, is a bit more complicated.
The device itself has physical buttons and a small monochrome screen that displays detailed information.
This was found frustrating by some, as sensitive information is displayed on such a small screen.
However, many advanced users like the old-school control over their transactions.
There is a steeper learning curve to completing transactions, but as with anything else, it just takes practice.
That’s not to say there aren’t any happy customers, but in terms of ease of use, Coldcard isn’t at the top of the list.
Security features
The main reason to use a hardware wallet is safety and security. Here are the details on BitBox 02 and Coldcard Wallet when it comes to their security features.
| Features | BitBox02 | Cold Card wallet |
|---|---|---|
| Dual chip architecture | ✅ | ✅ |
| Multisig insurance | ✅ | ✅ |
| The firmware is open source | ✅ | ✅ |
| Encrypted backups | ✅ | ✅ |
| Secure item chip | ✅ | ✅ |
| Insurance integration | ✅ | ❌ |
| Air gap | ❌ | 🤏 |
| Recovery and backup options | ✅ | ✅ |
Disclaimer about the security feature of Coldcard Wallet: Coldcard claims to be airless as you can record transactions offline. However, you must use third-party wallets, such as Sparrow (while connected to your computer or mobile device) to make transactions.
price
BitBox02
Priced at $161 for both the multi-crypto and Bitcoin-only versions.
Cold Card
Coldcard retails for $157.94 for the Mk4 version.
A new Coldcard wallet featuring a QR scanner, 3xAAA battery support, qwerty keyboard, and larger display has just hit the market. The price of this version is $219.99.
Who is it better for?
Finding the perfect cryptocurrency wallet for you all depends on your needs and how you plan to use your cryptocurrencies.
BitBox02
This is a good option for beginners and intermediate users who want a straightforward way to manage their cryptocurrencies, with the help of managing their digital assets on a separate device with a larger screen (computer, mobile phone).
Cold Card
Geared toward intermediate to advanced users and Bitcoin enthusiasts who are comfortable with the more technical setup and use process.
Pros and Cons of BitBox 02 VS. Cold Card wallet
| BitBox02 | Cold Card | |
|---|---|---|
| Pros |
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| cons |
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Alternative cold storage solutions
BitBox02 and Coldcard are good storage options for securing your crypto assets.
But they are not the only hardware wallets on the market.
On the contrary, some of the best hardware wallets are Cold storage Solutions that meet the needs of users who want real security for their cryptocurrencies.
Physical wallets It is a clear and straightforward 100% cold storage crypto wallet. You can choose from them Bitcoin material, Ether substanceor Article USDTdepending on your preferred cryptocurrency.
standard
Bitcoin wallet Not just for geeks
$89
Physical ether
Ethereum ERC-20/EVM
$89
Article USDT
ERC-20/EVM rope
$89
What makes Physical wallets It stands out for its simplicity and durability.
Made of stainless steel card, it is resistant to physical damage.
Plus, it is never Online. No cables, no apps, nothing.
This eliminates the risk of online hacking and maintains ownership of your private keys.
