Bitfi wallet

 

Bitfi Wallet is a cryptocurrency wallet that was established by Daniel Khesin and Michael Strong with a mission to offer people full control of their crypto investments through self-custody and enhanced security. This hardware wallet comes with a novel architecture where it does not store any private key on its device. The goal is to minimize the dangers of using hardware wallets and ensure secure access to digital currencies anywhere in the world. Bitfi Wallet is compatible with a variety of cryptocurrencies, including Bitcoin, Ethereum, Binance Smart Chain, Litecoin, Dash, ERC-20, BEP-20, and others, which makes it a perfect choice for crypto investments.

 

Bitfi Wallet Details

 

Attribute	Details
Wallet Type	Non-Custodial Hardware Wallet
Core Focus	Secure self-custody storage and management of cryptocurrencies
Primary Use Case	Offline storage, sending, receiving, and managing digital assets
Supported Cryptocurrencies	Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash (DASH), Binance Coin (BNB), ERC-20 tokens, BEP-20 tokens, and other supported digital assets
Blockchain Support	Bitcoin, Ethereum, Binance Smart Chain, Litecoin, Dash, and other supported networks
Token Standards Supported	ERC-20, BEP-20
Operating System Compatibility	Android, Web Browser, Desktop (supported interfaces)
Security Features	PIN protection, password authentication, encrypted communication, secure login, hardware-level security
Recovery Method	Authentication-based recovery process rather than relying solely on a traditional recovery seed phrase
Authentication	User-defined credentials (username, password, and additional authentication factors)
Best For	Long-term investors, Bitcoin holders, crypto traders, security-conscious users, and diversified crypto portfolios
Supported Functions	Store, send, receive, secure, and manage cryptocurrencies

Bitfi Wallet Key Features

 

• • Provides users with complete control over their cryptocurrency investments without any need for a centralized exchange.
  • Creates wallet credentials via the process of authentication rather than storing the private keys on the device.
  • Allows users to recover wallet access using authentication credentials rather than the usual seed phrase method.
  • Employs various authentication levels to safeguard digital assets.
  • Offers a simple but user-friendly interface for everyone.
  • Enables quick and secure transfers of supported crypto on the platform.
  • Protects the privacy of users through minimal collection of their information.

 

Bitfi Wallet Milestones

 

Year	Achievements
2018	Bitfi was created by Daniel Khesin, Michael Strong, and Ignas Jurkonis in Miami.
	Launched its smartphone-style hardware wallet with a marketing campaign led by John McAfee.
2019	The company launched Bitfi Knox (V2), released its DMA-3 firmware as open source, and replaced the seed phrase storage with a stateless passphrase generator/SALT.
2021	Partnered with the XDC Network (XinFin) to build specialized hardware wallet infrastructure for institutional blockchain protocols.
2023	The platform fully adopted the widely reviewed DMA3 v114 firmware.
	Expanded native multichain support, making it easier to manage assets across dozens of blockchains while reducing the risk of physical key theft from the device.
2024	Bitfi ventured into the CeDeFi realm by launching yield generation and digital asset management products.