BitBox02
Cold Storage / HardwareBitBox02 by Shift Crypto is a Swiss-made hardware wallet with dual-chip architecture (secure element + microcontroller). Bitcoin-only edition available. Minimalist design with touch sliders. Open-source firmware.
Quick Verdict
With a Custody Score of 5.9/10, BitBox02 is ranked #4 of 7 among cold storage / hardware providers. Its strongest category is Fee Transparency and its weakest is Insurance.
Analysis
Score Breakdown
The Custody Score is a weighted average across 8 criteria, each rated 1-10.
| Criterion | Score | Weight | Weighted |
|---|---|---|---|
| Security | 9 | 20% | 1.80 |
| Insurance | 1 | 15% | 0.15 |
| Regulatory | 2 | 15% | 0.30 |
| Fee Transparency | 9.5 | 10% | 0.95 |
| Track Record | 7 | 15% | 1.05 |
| Withdrawal Flexibility | 9.5 | 10% | 0.95 |
| Reporting & Audit | 2 | 10% | 0.20 |
| Counterparty Diversification | 9 | 5% | 0.45 |
| Total | 100% | 5.9 |
Key Features
- ✓Dual-chip architecture
- ✓Open-source firmware
- ✓Bitcoin-only edition
- ✓Touch sliders
- ✓MicroSD backup
- ✓Tor support via BitBoxApp
Fee Breakdown
| Setup Fee | $129-$149 (device purchase) |
| Annual Custody Fee | None |
| Transaction Fee | Network fees only |
| Withdrawal Fee | Network fees only |
| Notes | Swiss quality. Bitcoin-only edition available for maximalists. |
Security Details
Key Management
Dual-chip hardware wallet
Cold Storage
100%
SOC Compliance
Open-source audited
Penetration Testing
Yes
Incident History: No known compromises
Insurance Coverage
Coverage
None — self-custody hardware
Carrier
N/A
Details
Hardware wallet. Full user responsibility.
Regulatory Status
Licenses
- N/A — hardware manufacturer
Shift Crypto AG — Swiss-registered company.
Pros & Cons
Pros
- Swiss-made quality and security
- Dual-chip architecture
- Fully open-source
- Bitcoin-only edition available
- Excellent minimalist design
Cons
- Newer brand — less established
- Smaller community
- Limited third-party integrations
- No Bluetooth
- Touch sliders take practice
How BitBox02 Compares
Top cold storage / hardware providers ranked by Custody Score.
| Provider | Custody Score | Compare |
|---|---|---|
| Ledger | 6.1 | Compare → |
| Trezor | 6.1 | Compare → |
| Coldcard | 5.9 | Compare → |
| Foundation Passport | 5.6 | Compare → |
| Blockstream Jade | 5.4 | Compare → |