Bitkey Review: Hands on With Block’s Bitcoin Hardware Wallet

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  • Опубликовано: 30 июл 2024
  • Renowned for its payment processing hardware, Jack Dorsey's Block is now expanding its product lineup with Bitcoin specific products like Bitkey. But is it any good?
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    0:00 Intro
    0:46 Price & Unboxing
    3:03 Features
    4:57 How it Works
    6:04 Trade Offs
    8:14 Conclusion
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    *Nothing that I discuss should be construed as investment advice. I'm also part of affiliate programs and I receive compensation from partnering websites.
    #bitcoin #crypto #technology #review

Комментарии • 25

  • @HaydenOtto
    @HaydenOtto  3 месяца назад +1

    💌 Join my free Crypto Insights Newsletter at www.haydenotto.com/

  • @michelwouters5725
    @michelwouters5725 2 месяца назад +7

    You are ineverything correct , however bitcoin is for the people. Not eveyone knows how it works. Ledgers are not that simple to use. I believe The company made a great attempt to get bitcoin more accepted with a better custody then solely software wallets.
    Great attempt to let the remaining market see what bitcoin can do.

    • @mattyghost3409
      @mattyghost3409 Месяц назад

      Just buy the ETF.... People that use wallets have multiple altcoins

  • @Btree33
    @Btree33 13 дней назад +1

    this is how areview is done ...detailed detailed detailed in all aspects of theproduct ..well done

  • @vincenzoadr9337
    @vincenzoadr9337 3 месяца назад +7

    i dont agree with you review , i think this is a first step to move your crypto out of exchanges , then when you get familiar with it you can step up your knoledge and self custody , i think this product is made for people approaching self custody .

  • @mannyo9304
    @mannyo9304 3 месяца назад +15

    The fact that he's recommending a ledger should be a massive red flag. Ledger's ability to support numerous cryptocurrencies is NOT a feature, it's a bug. The fact that their device has to support so many different types of software is an attack vector that most people aren't aware of. The main feature of a BitKey is that it's Bitcoin only.

    • @HaydenOtto
      @HaydenOtto  3 месяца назад +1

      Most people, who aren't Bitcoin maximalists, want to invest in more coins that are not just Bitcoin. Even a Bitcoin-only wallet, Bitkey lacks basic features that many other Bitcoin wallets support. I wasn't even able to successfully use their replace by fee feature, as it just failed.

    • @alan123120
      @alan123120 3 месяца назад

      @@HaydenOttoall other coins are a scam and unregistered securities the only one that is a commodity is bitcoin.

  • @wadehoek6740
    @wadehoek6740 3 месяца назад +9

    I would have appreciated his video more if he didn't keep shilling Ledger. He didn't seem happy that it doesn't store shitcoins.

    • @HaydenOtto
      @HaydenOtto  3 месяца назад

      Yeah because most people have a diversified portfolio and aren't interested in holding Bitcoin only. Even in terms of Bitcoin functionality, this wallet is lacking.

    • @mattyghost3409
      @mattyghost3409 Месяц назад

      ​@HaydenOttoI mean if you only want Bitcoin just buy the ETF 😜😜😜 lol

  • @slitch19
    @slitch19 3 месяца назад +4

    I was able to back it up to the iCloud on iOS!

    • @HaydenOtto
      @HaydenOtto  3 месяца назад

      Thanks for sharing that information.

  • @miket.8289
    @miket.8289 2 месяца назад +3

    I agree with you, this product seems sketchy for now

  • @julneree
    @julneree 2 месяца назад +1

    Thank you for reviewing! So what’s your suggestion for people who don’t want to take care of a paper backup / seed phrase?
    You don’t recommend using Ledger and its Recover feature, and you don’t recommend this Bitkey wallet. What would you suggest in that case?

    • @HaydenOtto
      @HaydenOtto  2 месяца назад

      I recommend that you DO partake in the safekeeping of your own seed phrase. If that's something you are not willing to do, then yeah your options are limited in that you will have to use something like Ledger Recover and that is not ideal or recommended by me. You may as well be storing your coins on an exchange.

  • @stephenmcvay5368
    @stephenmcvay5368 7 дней назад

    Thank you. Seriously.

  • @bitfrankie
    @bitfrankie 3 месяца назад +2

    That’s a bummer. The wallet looks so cool 😢

  • @user-ke1nh2sb1g
    @user-ke1nh2sb1g 7 дней назад

    These are selling for $25 right now

  • @MichaelBoyden
    @MichaelBoyden Месяц назад +1

    I was hoping for a positive review. i really want to like this wallet but thumbs up for well reasoning your thoughts. Seems maybe a perfect wallet for younger adults.

  • @dieterheld7970
    @dieterheld7970 3 месяца назад +1

    Don't buy , fingerprint does not work, giving hard time for refund. Missing features.

    • @HaydenOtto
      @HaydenOtto  3 месяца назад

      Yeah I did try to contact them about something myself, a month or 2 ago, and never heard back.

    • @mattyghost3409
      @mattyghost3409 Месяц назад

      Why not buy the ETF if you're only interested in Bitcoin 😅😅😅..This key is crap

  • @BentlyBerstler
    @BentlyBerstler 5 часов назад

    Yes the color of the kislux is beautiful and it is a great decision, maybe one day they will add feet and straps. It would be nice to have a bigger bag during the colder months when we have to store gloves, beanies, scarves, etc…