- Simple set up
- Competitive price
- Proven hardware
Not so great for
- Can only be used with Blockchain Wallet
- Limited currency support
|Product Name||Blockchain Lockbox Wallet|
|Supported Cryptocurrencies||BTC, ETH, BCH, XLM|
Your Blockchain Lockbox package will include:
The first thing you need to do is get the Blockchain.com web wallet if you don’t already have it.
Once you have your Lockbox, you can transfer funds from your Blockchain.com web wallet to your Lockbox. The advantage of this is that your funds are more secure on the Lockbox than they are in the web wallet.
You can still transfer funds easily from the Lockbox using the Blockchain.com web wallet, but only if you have the device with you.
To put funds into the Lockbox:
Now your cryptocurrency is on the Lockbox.
To make payments from the Lockbox:
After manually authenticating each detail, your transaction will be on its way.
You can order a Blockchain Lockbox at the Blockchain.com official site.
The Blockchain Lockbox is a hardware wallet, which can add an additional level of security to your funds. It is safer than using the Blockchain.com web wallet by itself.
The device itself is a Ledger Nano S with new firmware that makes it compatible with Blockchain Wallet only. It is as secure as a Ledger Nano S.
When you set up your Blockchain Lockbox for the first time you will be prompted to write down a 24-word recovery phrase.
If you forget your PIN number or if your Lockbox is lost or damaged, this phrase can be used to restore access to your funds on a new device.
Keep your recovery phrase safe.
The Blockchain Lockbox is the result of a partnership between Blockchain.com and Ledger.
The device itself is identical to a Ledger Nano S, with two key differences:
The result is a simple, secure, highly-regarded and comparatively cost-effective hardware wallet. The downside is that it’s relatively inflexible.
It’s not just for cryptocurrency though. The Lockbox is FIDO certified, which means it can also be used as a security key for Google, Dropbox, GitHub and other accounts.
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