BitKey: Bitcoin Wallet 3.0.5

https://www.surroundingai.com/ – Freeware – iOS
out of 26 votes

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Summary:
BitKey is a bitcoin wallet that prioritizes security and control by allowing users to manage their keys without the need for an account. The wallet ensures data recovery through iCloud, offering protection against key loss, a prevalent risk in the world of cryptocurrency.

Design Principle:
<ol>
 <li>Ensuring Data Integrity</li>
 <li>Stringent Encryption Measures</li>
 <li>Promoting Decentralization and Anonymity</li>
</ol>

Features:
<ol>
 <li>No account setup necessary</li>
 <li>User-controlled key management</li>
 <li>Emphasis on safeguarding keys over preventing coin theft</li>
 <li>Data backup on user's iCloud document for version control and data security</li>
 <li>Implementation of advanced password solutions with security questions/answers</li>
 <li>Support for custom API configurations with no data collection</li>
 <li>Offering Multisig-Timelock Address for advanced Bitcoin operations</li>
 <li>Incorporation of Explicit HD-Wallet standards (BIP32, BIP39, BIP44, BIP49)</li>
 <li>Facilitation of multi inputs/outputs (UTXO level) for Bitcoin transactions</li>
</ol>

How It Works:
#1 Q: How does BitKey function as a cold wallet? 
A: BitKey operates without an app server, storing all data locally, including bitcoin addresses and private keys, with backups on the user's iCloud document. The encrypted backup in iCloud is password-protected, enhancing data security. To maintain the definition of a cold wallet, BitKey ensures that raw private keys exist momentarily in device memory only during transaction signing.

#2 Q: How can I withdraw funds? 
A: BitKey acts as a secure cold wallet for preserving bitcoin keys; therefore, typical fund withdrawal processes are more relevant in hot wallets or cryptocurrency exchange contexts.

#3 Q: How can I add funds to my account? 
A: In the capacity of a cold wallet, BitKey allows users to import bitcoin private keys instead of adding funds directly. Direct fund additions align more with hot wallets or cryptocurrency exchanges.

#4 Q: How can I make transactions/pay? 
A: BitKey provides a transaction sign tool enabling users to sign transactions locally before broadcasting them to the Bitcoin network.

Notes:
<ol>
 <li>On the initial app launch, granting access to iCloud is necessary.</li>
 <li>Setting an encryption password during the first app launch is crucial for data protection.</li>
 <li>Each subsequent app launch requires the entry of the encryption password for data decryption.</li>
</ol>

WARNING:
The encryption password is never stored on the device or uploaded to iCloud; it temporarily remains in memory solely for data decryption purposes. Users are advised to provide helpful password hints as they cannot retrieve their data without the password. Password hints are backed up on and uploaded to iCloud.

Email: 
bitkey.tech@gmail.com

<hr />

BITKEY PRO_ALL IN-APP PURCHASE INFO:
Subscribing to BitKey Pro_all for $79.99 enhances your experience with additional features such as address monitoring with transaction notifications and access to advanced tools like the Multisig-Timelock Address feature. Furthermore, it offers insights into the app's source code and workflow along with dedicated customer support and technical assistance.

*Payments will be charged to your iTunes Account upon purchase confirmation. Each item purchased is synchronized across devices and can be restored if needed.*

<hr />

Privacy Policy and Terms of Use:
<a href="https://bitkey.app/tool/privacypolicy.html">Visit the privacy policy and terms of use page here for detailed information.</a>

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Latest Version
3.0.5

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