BitBox SteelWallet Durable Seed Phrase Storage: FinTech Security Solution Update

The new kits include two stainless steel plates and an automatic punch tool, which allows users to store 12, 18 or 24 word backup phrases in line with BIP-29 standards. Given stainless steel’s ability to resist acid, fire, water and shock, SteelWallet offers a highly durable way for FinTech companies and investors to protect mining seed deposits.

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Crypto Merchant explains that cryptocurrency is inherently technology-based, which remains vulnerable to environmental or other forms of damage. With the introduction of the SteelWallet backup tool, the firm offers a low-tech solution to a modern requirement.

While the adoption of cryptocurrency in the consumer market has been relatively slow, a recent report from Analytics Insight highlights the growing importance of crypto for FinTech organizations. Crypto Merchant points out that while the speed and transparency of crypto transactions make them attractive to FinTech companies, organizations still face the challenge of securing private keys. With the recent addition of the BitBox SteelWallet, the firm offers a durable and user-friendly option that can then be stored in a secure location.

Registration of seed phrases on SteelWallet is carried out using the included punching tool, which makes a permanent impression on the corresponding steel plates. For added security, The Crypto Merchant also suggests the use of tamper-proof bags, also available via the company’s online store.

“SteelWallet is made by Shift Crypto, a leader in high-quality secure crypto storage devices,” explained a company representative. “The steel tool withstands all kinds of conditions, protecting confidential information. Stainless steel is corrosion-resistant, waterproof and resists radiation. It’s even impervious to fire.”

About The Crypto Merchant

Founded in 2017, The Crypto Merchant aimed to become the leading source of crypto-related security products. Now an authorized dealer for some of the industry’s leading brands, the company offers a wide range of hardware wallets and accessories, with US-based customer service ensuring high levels of advice and support are offered across the board.

Those interested can find more information by visiting collections/hardware-wallets/products/bitbox-steel-wallets/

The Crypto Dealer

609 South Ridgewood Avenue

United States

COMTEX_432213551/2824/2023-05-09T19:48:56