Disclaimer: This information is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. Please check with providers if their services are available in your state.
What is Billfodl?
Note: This is a review of the Multishard, one of several variants of Billfodl products.Billfodl is a straightforward cryptocurrency private key and recovery seed backup. It’s a stainless steel container that you write words in using stainless steel tiles.
Specifically, it holds the words of your cryptocurrency seed phrase or your private key. The seed phrase is the backup phrase, which consists of several words. You will receive a recovery seed phrase when setting up a hardware wallet for the first time. You use this recovery seed phrase to regain access to your cryptocurrency wallet in the event of its loss or destruction.
Seed phrases are standard for all cryptocurrency hardware wallets, so people often use Billfodl as a highly durable complement to a separate hardware wallet.
How do I use Billfodl?
You use Billfodl by putting your seed phrases into it.
- Find a clean workspace, lay out your intended seed phrase using the tiles and open the packaging.
- Slide the Billfodl open and lay it on your work surface so the logo is facing upwards.
- Use one of the supplied tiles to twist the screw in the top right of the Billfodl to unlock the top latch.
- Use the supplied tiles to spell out your seed phrase. You may need to give each word no more than four characters. Do not leave any empty spaces. Use the blank tiles to fill up any gaps.
- Close the latch and, using a tile again, lock up the unit in the same place on the top right.
- Double check that the data is accurate, that the latch is firmly locked and that everything’s tight and secure.
Where to buy Billfodl in the US
You can buy the Billfodl online at the Billfodl website or from one of Billfodl’s authorized resellers.
How much does Billfodl cost?
The Billfodl by itself starts at $93, but Billfodl also offers a range of bundles and accessories, such as tamper-evident stickers, holders and locks.
How secure is Billfodl?
As a piece of metal, Billfodl might be about as secure as a cryptocurrency wallet can get.
- Fireproof
- Waterproof
- Rustproof
- Impact resistant
What else do I need to know about Billfodl?
Billfodl is a small company based in Texas, founded in 2017.
It’s relatively well known in the cryptocurrency world as a provider of physical stainless steel cryptocurrency recovery seed backups.
Billfodl vs. Cryptosteel
Cryptosteel is a similar product that works almost exactly the same as Billfodl and comes with a similar price point.
There are some key differences though.
- Steel grade. Cryptosteel uses 304-grade stainless steel while Billfodl uses 316-grade stainless steel. The difference there is that Billfodl’s 316-grade steel has 2% molybdenum added, which gives it some additional corrosion resistance compared to Cryptosteel. Functionally, this means Billfodl is more resistant to acid solutions at high temperatures, chlorine and salty environments, so it might fare slightly better outdoors in coastal areas or in the ocean for extended periods of time.
- Tile make. The Billfodl tiles are laser cut while the Cryptosteel’s are stamped. This means the Billfodl’s tiles are slightly more uniform, which can make it quicker and easier to load them.
- Tile distribution. Your tile arrangement will depend on which model of the Cryptosteel you get, while the Billfodl gives a standard distribution each time. The Billfodl works for all hex keys and seed phrases, while your options for the Cryptosteel will depend on the tile set you’ve ordered.
Compare cryptocurrency backup devices
In a nutshell
Pros
- Durable. Billfodl is a solid storage device for recovery seeds.
- Simple. The process for setting it up is simple.
- Extra corrosion resistance. It may be the single most corrosion-resistant option for recovery seed storage in existence.
- Competitively priced. The Billfodl is one of the more cost-effective options for reliably holding recovery seeds.
Cons
- Hex keys and recovery seeds only. There are no special characters available for Billfodl.
Frequently asked questions
Find cryptocurrency wallets to go with Billfodl
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
