The BitBox is the first hardware wallet manufactured in Switzerland. It offers the highest security standard with Second-Factor Authentication (2FA). The BitBox combines the convenience of a software wallet with the security of cold storage. Cold storage refers to keeping the private key on a medium that is not connected to the internet. One option is a paper wallet, but these can be complicated to handle. In contrast, hardware wallets provide cold storage while remaining easy to use. This is made possible by storing the private key on a special chip known as a Secure Element, which cannot be accessed by the computer even when connected. Transactions are always signed locally on the BitBox, and the private key never leaves the device. This makes hardware wallets the safest and most efficient solution for storing private keys.