BitBox02 vs Cake Wallet Comparison

A new wallet gets 24 BIP39 recovery words; the device can also restore 12-word phrases. The default backup is a file with the wallet secret on the included microSD card, which is not encrypted; the 24 words can be shown on the device screen at any time after you re-enter the device password.

Bitcoin, Zcash, Ethereum and the other networks use a 12- or 24-word BIP39 phrase. New Monero wallets default to the 16-word Polyseed format; a 25-word Monero seed or a 12-word BIP39 phrase can be chosen instead. Only BIP39 wallets can share one phrase across several networks.

The BitBox shop ships only to a name and postal address and asks for an email address. You can pay with Bitcoin or Lightning through BitBox's own BTCPay Server instead of a card. BitBox says order data is anonymised after 30 days, but invoices are kept for ten years under Swiss law.

BitBox says each device receives an attestation key at the factory, which the BitBoxApp checks every time you connect, and that the chips are covered in epoxy and the case halves are glued so that opening them breaks plastic pins. The device ships in a vacuum-sealed bag with a patterned seal. BitBox itself says these checks cannot rule out every physical modification of a genuine device.

Shift Crypto AG is registered in the Canton of Zurich, with its address in Adliswil. Its privacy policy follows the Swiss data protection act and the GDPR, and says personal data is stored in the EU.

Cake Wallet's terms name Cake Labs LLC, a limited liability company formed under the laws of Nevis, and say disputes are governed by Florida law. The App Store lists the developer as Cake Technologies, LLC.

A privately held Swiss company that sells under the BitBox brand. Its founders started the BitBox line in 2015; the BitBox02 came out in 2019.

Founded by Vikrant Sharma, its CEO, who started the company in 2017; Cake Wallet launched in 2018 as a Monero wallet for iOS. Cake Labs also makes Monero.com, Cake Pay and Cupcake.