Digital BitBox User Guide v1.1
Page
5
of
22
March 2018
Setting up your BitBox
The first step is to give your BitBox wallet a name. For example, you could use your first
name and call it “Daves Wallet“. Note that only alphanumeric characters are allowed;
(Dave’s wallet is not valid because of the apostrophe).
Figure 5: Creating your first wallet (example)
Best practice for wallet name
Your BitBox wallet name is arbitrary and is not used when creating your private key.
Because you can create multiple wallets, simply use names which are most convenient,
such as “Daves wallet“ if your name is Dave, or “Daves business wallet“ for a wallet you
want to use only for conducting business transactions, etc.
Entering a password
The password you enter is extremely important. It will be cryptographically combined with
the seed in order to generate the private keys that store your cryptocurrencies and
access your transaction history in the public blockchain.
If you forget your password,
you lose everything
. The following recommendation will protect you from typical threats.
Please do your own due diligence when selecting a password, especially if you have
access to large amounts of cryptocurrency.
Your password should be a combination of complexity and simplicity such that it cannot
be guessed, but is easy to remember. A best practice is to use 4 or more random
unrelated words. Blank spaces are accepted. For security, try to make the password at
least 16 characters long. The password is case-sensitive. For additional security, add
numbers and/or punctuation. Do not use familiar words such as family or pet names, or a
password you already use for other purposes etc.
gnome asterix! zebra 2sday
(example only, please do not use this password!)
For extreme security, use a random code as your password which you can generate from
the random code generator in the desktop app (Options > Get Random Number), or use
an open source external password generator application such as
Keepass.
The
disadvantage in this case is that you cannot easily remember the password, and will
have to store it separately which introduces a risk.