Digital BitBox User Guide v1.1
Page
22
of
22
March 2018
www.myetherwallet.com/#send-transaction
and then selecting Private Key from
the bullet list.
16)
What’s the safest way to secure large amounts of coins with my BitBox?
Choosing to access large amounts of cryptocurrencies is best done with a
hardware wallet such as the BitBox. In this way your private keys cannot be
stolen or hacked via the internet or compromised software running on your
computer. Importantly, be sure to store your backup micro SD card and
passwords separately in safe locations. There are several levels of security you
could choose:
-
Entry-level: make backups of your wallet(s) on your micro SD card.
Remember your password(s) and/or write them down and store each in a
separate secure location.
-
Next-level (recommended): make two or more copies of your micro SD card
backup and two or more copies of your password(s) and store them all in
separate secure locations. You could also make multiple identical copies of
your BitBox, each with identical access to your wallet(s).
-
Enabling Full 2FA (Options tab) prevents thieves who stole both your BitBox
and password from accessing your funds; they would also need to have
access to your phone.
-
For very large amounts of cryptocurrencies: in addition to the backup SD
cards, print out the backup PDFs from your micro SD card on paper, or
engraved in stone or metal and store in a safety-deposit box in a reputable
bank in a financially and politically stable country. Store your password(s) in
the same way in a different safety deposit box at a different bank. Make sure
no one involved in the process has had access to both backup PDF(s) and
password(s).
17)
Do I need to eject the BitBox before taking it out of the USB socket?
No. You can simply remove the BitBox from the USB slot once you have finished
using it.
Additional help
If you have questions not addressed in this guide, visit
support.digitalbitbox.com/
to submit a
support ticket.
Revision History
Version
Date
Author
Description
1.0
13.02.2018
Initial version
1.1
19.03.2018
Litecoin support added