₿lack Swan on Nostr: More notes on the Bitkey: - Can connect the phone app to your own node using custom ...

More notes on the Bitkey:
- Can connect the phone app to your own node using custom Electrum server
- mempool.space used as the default explorer
- bech32 addresses by default
- Hardware device is required to enable / modify the spending limit that can be done using phone app only (maximum $200/day)
- Can select Tx fee using Priority / Standard / Slow options
- 'Slow' correctly estimated the current 3 sat/vB rate
- Still very impressed by the ease of setup and use

Am probably going to be recommending Bitkey, the self-custody bitcoin wallet built by the team at Block. (npub1tcn…ctu0) to a lot of normies.

gg jack (npub1sg6…f63m)

quoting nevent1q…9cuz

Notes on the Bitkey:
- Easiest setup experience of any wallet I've used
- Hardware feels really solid, nice build quality
- 2/3 multisig with no seed phrase
- Mobile app and server key can authorise small transactions (dollar amount is user configurable)
- Mobile app and hardware device is required to authorise larger transactions
- Email is required during setup to facilitate recovery if mobile phone / hardware device is lost
- Phone number is optional (from memory)
- Can integrate Cash App / Coinbase for direct purchases to the wallet
- Block can see your transaction data

The app / hardware device is still in beta, however the simplicity of the setup process is near perfect.
While most of us will still prefer a Coldcard, Passport or Jade, those devices aren't for everyone.

I suspect Block will advertise via Cash App and sell a ridiculous amount of these devices, which is great for self-custody but comes at the expense of privacy.

Most importantly, this is not a wallet for your KYC-free corn.