BitBox02 vs Trust 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.

New wallets get a 12-word phrase; 12- and 24-word phrases can be imported. Addresses on a few networks, such as Wanchain and IoTeX, are derived differently from the Ethereum address of the same phrase, so another wallet may not find them.

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.

Browser extension only: source code audit and penetration test; all five findings fixed and the fixes checked by the auditor. No audit of the phone app has been published.

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.

The privacy notice names Dapps Platform Bahrain W.L.L., doing business as Trust Wallet, as the company that handles your data. The terms of service are governed by Hong Kong law, with arbitration in Hong Kong. The app stores list DApps Platform Software Services Ltd. and DApps Platform, Inc. as the developer.

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 in 2017 by Viktor Radchenko and bought by Binance in July 2018, its first acquisition; Binance said at the time that Trust Wallet would keep its autonomy. Security reports go through Binance's bug bounty programme. Trust Wallet does not publish its current ownership structure, so Binance is the last documented owner.