Úno 25

BitLox: ‘Indestructible’ Hardware Bitcoin Wallet

Source: bitcoin

BitLox

BitLox is a hardware Bitcoin wallet manufacturer, and its first two products have hit the market. The company says that its titanium encased “BitLox Ultimate,” and the aerospace-grade alloy-encased “BitLox Advanced” are indestructbile, and are “the most advanced and secure hardware Bitcoin wallets ever developed.

Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with the firms represented by Bitcoin PR Buzz and is not responsible for their products and/or services.

BitLox: The ‘Most Advanced’ Bitcoin Wallet

The wallets are shockproof, weatherproof, and small. They are the size of a credit card, 4 millimeters thick and weighing in at 25 grams, but BitLox says they still “pack a punch.” Both versions of the company’s wallet feature a 2-inch “full matrix advanced e-paper display,” multi-layer PIN security, and Bluetooth LE that allows users to access wallets from their smartphones via an Android or iOS app. The hardware devices also allow for multiple wallets, each one with its own encrypted seed.

BitLox wallets are compatible with the most popular anonymity tools, allowing users to spend from their wallets with the maximum amount of privacy. The company provides TOR-based access to their hardware devices, as well as compatibility with the I2P network. Additionally, the wallets can also be used on TailsOS, an anonymity-centric operating system that treats every computer boot-up as a clean install — avoiding the digital trail left by OS data tracking, such as personal information, preference settings, and bug reports.

When it comes to local security, the BitLox wallets offer many features. Four-layer PIN protection requires an entry for device recognition, powering on the device, accessing the wallet, and for each transaction. These layers are configurable, so users can enable or disable them based on their preferences for convenience versus security.

The “Anti Evil Maid” feature provides wallet users with a recognition phrase that allows to verify that the wallet is actually their device, and not another. This feature acts as a Two-Factor Authentication protection, preventing would-be thieves from accessing a wallet through another device with compromised PINs.

BitLox wallets even have a nuclear option. The “Duress” PIN initiates a self-destruct process where device memory is “instantly and irrevocably,” which will “return the BitLox to the factory fresh state.” This self-destruct option can be useful if a user wants to get rid of their BitLox for any reason, or if they believe that their PINs have been compromised.

The company also provides “hidden Bitcoin wallets,” which makes the stored funds “indistinguishable from random data.” Each device supports up to fifty hidden wallets, providing “perfect plausible deniability” to anyone who may need it.

The BitLox hardware bitcoin wallets are entering a market with some stiff competition. This company will face established hardware wallet providers such as Trezor and Ledger, which provide a variety of bitcoin storage products well-liked by the community.

Prices for the BitLox wallets start at $199 USD, and each device comes with a five-year warranty.

About BitLox Limited:

BitLox Limited is a dynamic start-up 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.

BitLox brings state-of-the-art technology to both consumer and enterprise customers alike. BitLox is developing several more products to be announced soon, with groundbreaking cutting edge Bitcoin security solutions in advanced stages of research and development.

Affiliates & partnerships are welcome!

Dana L. Coe, BitLox CEO is currently available for interviews with interested media outlets worldwide. He can be reached at dana.coe@bitlox.com

For more information, or to purchase a BitLox, please visit:

View the BitLox press kit at:

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BitLox: ‘Indestructible’ Hardware Bitcoin Wallet

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Úno 16

BTCDirect: Making Purchashing Bitcoin Easier

Source: bitcoin

BTCDirect

The world of Bitcoin and digital currencies allows for the creation of many different business models, some of which improve upon existing financial solutions. Buying or selling Bitcoin through an exchange is often a hassle, but there are services which make the process a lot of more streamlined. BTCDirect has a unique approach to the Bitcoin exchange concept, as they are more of a brokerage than a regular exchange.

Also read: Bitcoinist Weekly News Re-Hash: Valve Accepting Bitcoin, Antonin Scalia Dead

Different Approach Leads To More Convenience

One of the main hurdles to overcome for digital currency adoption is the mental barrier people are faced with when showing an interest in Bitcoin. Obtaining their first share of the popular digital currency can be a struggle as there are very few convenient methods to purchase Bitcoin within minutes. In most cases, consumers are left with bank transfers, which can take several days to complete.

BTCDirect is a European exchange attempting to remove this entry barrier from the equation. Rather than positioning themselves as “another” Bitcoin exchange, BTCDirect will act as a broker and execute orders on behalf of its customers. All transactions are completed through a variety of international Bitcoin exchanges, guaranteeing there will always be enough liquidity to accommodate for user requests.

Furthermore, the European Bitcoin broker is accepting a variety of convenient payment methods that allow for purchases to be completed within two minutes of starting the process. Among these accepted payment methods are options such as Bancontact/Mr. Cash, iDeal, credit cards, and Sofortbanking. All of these payment methods are subject to confirmation in a matter of seconds, making for a smooth transaction on both sides.

Buying Bitcoin through BTCDirect does require verification. When customers want to raise the limit, they will be going through a verification process that is rather unique in the world of Bitcoin. Instead of asking users to send a scanned copy of their user ID and a proof of address, BTCDirect will verify one’s identity through a Skype video call. By showing your id/passport, the support agent will activate and upgrade your account on the spot. This model allows users to register and purchase bitcoin with their payment method of choice within 10 minutes

As BTCDirect CEO Mike Hutting mentioned in an interview earlier, the company has to comply with European KYC and AML regulations. Using accessible and convenient verification procedures through Skype or live chat makes it easier for novice users to get up and running in a matter of mere minutes.

Unlike what most people assume, Bitcoin is not associated with any form of anonymity. BTCDirect is a firm believer of how online purchases should not be anonymous, as there is no way for companies to be compliant and offer anonymity at the same time. Most BTCDirect users acknowledge that fact, though.

BTCDirect Looks At Insured Offline Bitcoin Storage

It is important to note BTCDirect aims to be more than just a broker for buying and selling Bitcoin throughout Europe. The company is planning to explore opportunities in the world of insured offline cold storage. Offering such a feature would keep consumer funds safe from cyberattacks, which will, in turn, help put people’s minds at ease.

The concept of Bitcoin cold storage is nothing new under the sun, as various [mobile] wallet solutions offer a similar feature. However, when it comes to novice users, they will need to be sure their funds is kept safe from all types of harm. Bitcoin is a learning curve, and not everyone will set up a Bitcoin wallet on their computer or mobile device. Having a cold storage solution at the disposal of the user while they learn more about how to set up their own wallets is a great move by BTCDirect.

What do you think of BTCDirect? Let us know in the comments below!


Source: News Tip Via Email

Images courtesy of BTCDirect, Shutterstock

The post BTCDirect: Making Purchashing Bitcoin Easier appeared first on Bitcoinist.net.

BTCDirect: Making Purchashing Bitcoin Easier

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