This recently introduced device is compatible with any BIP-39 standard asset (BTC, BCH, ETH, etc.) and can store backup seed phrases up to 24 words long. The SteelWallet backup tool acts as a last resort against cybercrime such as hacking or phishing by keeping private access keys entirely offline and away from prying eyes.
More information is available at https://www.thecryptomerchant.com/collections/hardware-wallets/products/bitbox-steel-wallet
The new device has been added to The Crypto Merchant store to complement their hardware wallet selection. While their other devices provide high-security storage measures on their own, no solution is foolproof when Bluetooth and wifi connections are involved, which is why they have introduced this purely analog, offline security measure to their inventory.
The SteelWallet includes a pair of stainless steel sheets and a stamping kit, which will allow the user to permanently engrave their seed phrase in a medium that is not susceptible to fire or water damage. This storage solution has been touted as “apocalypse proof,” in view of the quality of the military-grade materials used in the manufacture of this product.
SteelWallet is manufactured by Shift Crypto, makers of other high-security crypto storage devices such as BitBox. Used in tandem with these other products, the SteelWallet helps crypto enthusiasts to shield themselves from disasters. Even if a bad actor gains access to a hardware wallet or desktop computer, the crypto stored there will be inaccessible without the key phrases engraved in the SteelWallet.
A spokesperson for The Crypto Merchant said: “Only you should be able to gain access to your cryptocurrency wallets. This is why safety layers are so necessary. Along with the pin code, and private keys, you also need an external form of protection. After all, one or two types of digital protection just aren’t enough to keep hackers and thieves away.”
Analog, offline storage solutions such as the SteelWallet are used by large crypto companies such as Coinbase to defend their custodial wallets even in the event of internal security breaches. Thanks to The Crypto Merchant, these same solutions are now available to the average crypto enthusiast.
Additional details can be found at https://www.thecryptomerchant.com
The Crypto Merchant
609 South Ridgewood Avenue
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Glean News journalist was involved in the writing and production of this article.