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Bitkey is a Bitcoin self-custody wallet that combines a hardware device, a smartphone app, and a server-based recovery key into a single 2-of-3 multisig system. The product is designed for people who want to hold their own Bitcoin without relying on an exchange or managing a traditional seed phrase.
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Recent updates and background about Bitkey, summarised in our own words.
Block has started its first advertising campaign aimed at everyday consumers, with a focus on positioning Bitcoin as practical, usable money for daily transactions. The campaign marks a shift toward broader public outreach for the company.
Visit Bitkey →Block has released a revised version of its Bitkey bitcoin wallet that includes a screen, a feature that was absent from the original model. The addition addresses a notable limitation of the first generation device.
Visit Bitkey →Block has announced a series of updates to its Bitcoin-related products, including changes to the Bitkey wallet, new functionality in Cash App, and the introduction of Proof of Reserves. The updates reflect an effort to broaden the usability of its Bitcoin ecosystem.
Visit Bitkey →Summaries by Image Review based on publicly available sources and our own editing. External links may contain affiliate links.
Answers to the most common questions, based on search behaviour and our own research.
Bitkey is a product of Block, Inc., a publicly listed technology company. The wallet is designed so that neither Block nor any single party can access or move a user's Bitcoin without the user's own keys being involved.
No. Bitkey holds one of three keys in its 2-of-3 multisig system, but one key alone is not enough to authorise a transaction. Two keys are always required, and the user controls two of them.
Losing the hardware device does not mean losing access to Bitcoin. The 2-of-3 multisig model means that recovery is possible using the remaining keys, and Bitkey offers built-in recovery that does not depend on a seed phrase.
Setup is guided and described as taking only a few minutes. Users do not need to understand multisig or cryptography to use the wallet securely, as the security model operates in the background.
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