SHIFT Cryptocurrency Digital BitBox, User Manual

Page 1: ...Digital BitBox User Guide v1 1 Page 1 of 22 March 2018 Digital BitBox User Guide Desktop App v2 2 2 Mar 2018 ...

Page 2: ...me 5 Entering a password 5 Changing your password 6 Desktop app tabs 6 History tab 6 Receive tab 7 Send Tab 8 Create and switching between wallets 10 Creating a hidden wallet 10 Options tab 11 Multisig tab 12 Second Factor Authentication 13 Restoring a wallet from backup 13 Using an Ether wallet 15 Sending ERC20 tokens 17 Using an Ethereum Classic Wallet 18 Upgrading the BitBox firmware 19 FAQs 20...

Page 3: ...of this guide Initializing your BitBox automatically creates a backup of the wallet on the micro SD card Be sure to remember the password Without it your funds are permanently lost Once initialized the micro SD card should then be stored separately in a secure location away from the BitBox Should you lose or damage your BitBox your wallet can be recovered including access to all funds and transact...

Page 4: ...e desktop app from this location digitalbitbox com start Figure 2 Supported operating systems For the desktop app Windows Mac and Linux platforms are supported The software version number is indicated in the download button For second factor authentication of crypto currency transactions via smartphone Android and iOS are supported Advanced tip the sha256sum hash is also provided for verification ...

Page 5: ... forget your password you lose everything The following recommendation will protect you from typical threats Please do your own due diligence when selecting a password especially if you have access to large amounts of cryptocurrency Your password should be a combination of complexity and simplicity such that it cannot be guessed but is easy to remember A best practice is to use 4 or more random un...

Page 6: ...ll funds from the compromised wallet to the new wallet then delete the compromised wallet Desktop app tabs There are 5 tabs within the desktop app that give you access to all features of the BitBox History tab This tab displays all incoming and outgoing transactions made to from your wallet The arrow pointing to the left ß means outgoing payments Bitcoin that you have sent to someone else or more ...

Page 7: ...the receive tab is to generate a unique address that is associated with your wallet Other people may use this address to send you Bitcoin The address is displayed in two formats 1 a QR code that can be scanned and 2 a string of text that can be copy pasted into other Bitcoin applications The BitBox will automatically generate a new address after a given address receives coins This is best practice...

Page 8: ...d in to send Bitcoin Figure 8 Send Tab Next enter in the amount of Bitcoin you want to send Then select your desired delivery speed Priority Standard Economy or Budget This will determine the fee applied to the transaction Note that your recipient receives the entered amount of Bitcoin and fees are deducted in addition from your Bitcoin balance Figure 9 Delivery Speed Pulldown Menu In general the ...

Page 9: ...our transaction is confirmed Once a transaction has been broadcast to the network it is OK to remove your BitBox and close the app You may monitor the status of the transaction in the History tab An empty red circle indicates it is in progress but not yet confirmed a partially filled green circle indicates that it has been confirmed by the network and a full green circle indicates it has completed...

Page 10: ... Daves second wallet The new wallet is now created and becomes the active wallet on the BitBox you can restore the previous wallet from the micro SD card The new wallet will have the same password as the wallet you were previously in You can switch between wallets by restoring the wallet you want to use with the micro SD card inserted via Options à Manage Backups à Restore Then select the backup P...

Page 11: ...martphone with you without it it is impossible to perform any transactions with the hidden wallet Options tab The options tab gives you options to several features Manage Backups Allows you to view restore or delete wallet backups use delete conservatively and with extreme caution If you want to create a second wallet backup on an additional micro SD card you can insert a new card into the BitBox ...

Page 12: ...ature that confirms that your BitBox is successfully communicating with the desktop app Get Random Number This is a random code generator which can be used to generate strong passwords List Addresses This function allows you to view all the transaction addresses that your BitBox could use over the course of its lifetime These transaction addresses are unique to your BitBox no one else will have th...

Page 13: ...e number of times the LED blinked If you made a mistake you will be prompted to repeat the process Now you may enable 2FA Go to Options Enable Full 2FA Note that when you enable 2FA creating new backups and mobile app pairing are disabled Additionally Ether can be received but cannot be sent while 2FA is enabled To disable 2FA the device needs to be reset and your wallet must be restored from back...

Page 14: ...ou want to restore for example Daves_wallet 2018 01 11 16 10 01 pdf You will be prompted to enter the password used when first creating the wallet you want restored Be sure to enter it correctly an incorrect password will generate a wallet different from your original wallet Tip this is an additional plausible deniability feature in the case someone forces you to recover your wallet from backup Cl...

Page 15: ...itBox because the MyEtherWallet URL is hardcoded in the BitBox firmware As a fallback option a local copy of MyEtherWallet is provided at digitalbitbox com mew The backup on your micro SD card is used to recover both your Bitcoin and Ethereum wallets Detailed instructions for setting up and using an Ether Wallet are here digitalbitbox com ethereum To avoid having to install plugins use either Chro...

Page 16: ... of the addresses This will be your Ether wallet the address where you will send and receive Ether Unlike Bitcoin the same address is always used You may choose a different address later to create a second unique Ether wallet completely independent of the first wallet The addresses displayed will always be the same whenever you log in with the same BitBox wallet Then press Unlock your wallet Note ...

Page 17: ...where full 2FA is always enabled by default To view your transaction history Click on Transaction History à ETH to view your complete Ethereum transaction history Click on Transaction History à Tokens to view your ERC20 tokens transaction history ATTENTION Do NOT generate a new wallet on MyEtherWallet by pressing New Wallet This will NOT create a wallet on your Digital BitBox and coins sent there ...

Page 18: ...nd Ether Tokens screen but only if you actually have that particular token in your balance Sending is the same as for sending Ether Using an Ethereum Classic Wallet To send and receive Ethereum Classic via the pulldown menu in the upper right select ETC Figure 18 selecting an Ethereum Classic Wallet The rest of the process is identical as for Ether Wallet described previously ...

Page 19: ... or later To upgrade log into your BitBox and select Options à Check for Updates this will indicate if your firmware is the latest or not If not first download the latest firmware store it on your computer then click on Options à Upgrade Firmware Navigate to the downloaded firmware and double click Downloads contain firmware signed using our company keys The signatures are checked inside the Digit...

Page 20: ... SD card only stores your seed Without knowing your password your private keys i e the wallet cannot be derived and hence your wallet cannot be accessed 5 Can I replace my micro SD card if I lose it Yes The micro SD card is a standard off the shelf micro SD Card Only a small fraction of the card is used so the one with the smallest amount of memory is sufficient To create a new backup of the walle...

Page 21: ...ce without compromising on security you could have one copy at work a copy for home a copy that you carry with you a copy for family members etc 12 I am concerned that the memory of the BitBox and micro SD backup card has a finite lifetime 10 50 years How can I be sure I will always have access to my crypto currencies No electronic media lasts forever Best practice is to create multiple copies of ...

Page 22: ...make multiple identical copies of your BitBox each with identical access to your wallet s Enabling Full 2FA Options tab prevents thieves who stole both your BitBox and password from accessing your funds they would also need to have access to your phone For very large amounts of cryptocurrencies in addition to the backup SD cards print out the backup PDFs from your micro SD card on paper or engrave...