With the ever-widening base of the crypto market, we daily see hundreds of new product launches every day, be it of new tokens that have just been launched or of new exchanges that sell them or of wallets that are needed to protect these cryptos. The crypto markets economy has captured the imagination of a very large number of people from all over the world. Daily new customers are joining in and investing their money in this. But one of the biggest disadvantages of dealing with cryptos is the online threats of hacking and your funds being swooped up by some geeks sitting in front of a computer screen. The governments of many countries owing to these threats have pulled the red flag against cryptos, major banks have denied services to exchanges to that deal in cryptos. And at a time like this Enters Bitfi.
The Bitfi hardware wallet is a breakthrough technology that offers a rare combination of the most advanced security (better than any form of cold storage) for private and enterprise use and is remarkably simple requires no tech knowledge at all to use it. At a price of just 120 dollars BitFi wallet offers us to store a huge variety of cryptos in just one wallet. Bitfi currently supports Bitcoin, Monero, Litecoin, Ethereum, NEO and Ethereum ERC-20 tokens such as Docademic (MTC), EOS, ENG, OMG, etc. Bitfi wallet is the world's first hardware wallet to support Monero, a true, full privacy cryptocurrency with very complex math. They are also currently working on adding more cryptos and their addresses will appear automatically in your wallet without downloading any updates or anything One of the most advanced and popular wallets like Ledger also offers us only 4-5 cryptos to be stored at one time. Which makes Bitfi have all the more important to have. It's setup process and usage is also very easy as compared to other wallets, it only requires a 3 step process to set it up. The company claims that your cryptos are safer and easy to use in a Bitfi than your Fiat currency in any ATM wallet. The wallet rather than using any complex numbers or password use just a secret phrase to function all its operations.
The Bitfi algorithm is completely open source so even if Bitfi no longer exists, you can still always access your funds and calculate your private keys (your private keys are NEVER stored anywhere except your own brain, and this is precisely why the Bitfi wallet is unhackable. These tools simply allow you to calculate your private keys if necessary) either on GitHub or at btknox.org.
Using Bitfi you never have to fear about cyber attacks of fear of losing your private keys as the device never stores your private keys. Even a forensic analysis of the device never enables you to retrieve the private keys without using your Secret phrase. If the device is seized, lost, or stolen the funds are completely safe. The user can just order a new device and continue to use their original secret phrase or use Bitfi open source code to retrieve their private keys and access funds.
Brought into the market by none other than the cybersecurity expert and geek John McAfee himself, the product has shown lots of promises at the first sight itself. After its launch, each batch of its product has been sold out in less than a minute which shows how much the market believes in the talent of John McAfee
Bitfi is an actual breakthrough and a much-needed technology in the world of cryptocurrencies. It has the power to bring in more users and investors and win their trust. If it brings truth to all its promises then soon the restrictions and mindset of people towards cryptos will change soon.
Anybody who wants to purchase or to have more information about this wallet can go to this website and learn more about [here] ( https://bitfi.com)
