BC Vault One Review 2023
Inhaltsverzeichnis
BC Vault was developed over several years by an independent development team and now describes itself as the hardware wallet with the most user-friendly design. You can find out if the hardware wallet keeps what it promises in the following review.
First Impression
Buy BC Vault One
Like most hardware wallets, the BC Vault is primarily available online. In the official BC Vault Online Shop, the device currently costs 159,99 € (click here to check the current price). The shipping takes place worldwide, whereby this is still connected with additional costs.
There are also many official resellers who sell the hardware wallet .
Hardware Wallets should preferably be ordered directly from the manufacturer or official resellers if possible. Dubious stores or private sellers on platforms like ebay or amazon could manipulate the devices for their own purposes or trick the buyer. This way, the thieves can steal all the coins from your hardware wallet at a later time. Unfortunately, there have already been such cases in the past.
What’s in the box?
The BC Vault One comes in a small box under the slogan “Wallets are for pocket money, Vaults are for safe keeping.” Both the box and the USB-C connector of the hardware wallet are protected with seals to easily find out if the hardware wallet has been tampered with. In addition to the BC Vault hardware wallet, there are four stickers in the package, a short guide, a 1GB Micro SD card and a USB C cable.
The device is 100x57x10mm tall and weighs 42 grams. At 55×27.5mm, the OLED display is rather large among the hardware wallet and has a resolution of 128×64 pixels. Next to the display are the D-Pad for navigating and selecting. On the left is the slot for a microSD card and the USB-C connector.
Setting up the BC Vault One
Never use a hardware wallet that is already set up. You must choose your own PIN code or password and do the backup yourself. This is not given by anyone!
The quick start guide reveals how to set up the hardware wallet. First, the seal at the USB-C port must be removed and then the device must be connected to the computer with the supplied cable. Now you shake the BC Vault to initialize and secure the random number generator.
The software can then be downloaded from www.bc-vault.com/first and be installed. After installation and execution, a login screen will appear. If it doesn’t happen automatically, you can first log in here with an empty password. Finally, you are asked to set a global password for the software as well as a global PIN for the device. The latter is a combination of the four directional buttons, for example UP, DOWN, LEFT, LEFT.
If you forget the global password or PIN, the BC Vault is useless and all cryptocurrencies are not accessible cryptocurrencies . So be careful to remember them or write them down and keep them in a safe place!
The device is now ready to be set up and ready for use. Unlike other hardware wallets, the BC Vault does not work with hierarchical deterministic wallets and thus generates a new backup for each account created.
Handling the BC Vault
In order to work with the hardware wallet now, new wallets can be created via the software.
All cryptocurrencies can be used at the same time at any time, no apps need to be installed.
Once a new wallet has been created, it is advisable to create a new backup. This can be spent using the settings on the SD card or by QR code.
Supported cryptocurrencies and devices
Currently, the hardware wallet can only be used with a computer. However, a smartphone integration is already planned. The following platforms are currently supported:
- Windows
- Linux
- Mac
The BC Vault supports the following cryptocurrencies:
- Bitcoin
- Ethereum
- Litecoin
- Dogecoin
- Dash
- Bitcoin Cash
- Ethereum Classic
- ERC-20 Tokens
- Bitcoin Gold
- Tron
- Vechain
- Icon
- OmiseGO
- 0x
- BINANCE COIN
- WaltonChain
- Polymath
- Salt
- Cindicator
- Dynamic Trading Rights
- Iconomi
- OriginTrail
- Viberate
- CargoX
- InsurePal
- Xaurum
A complete list of all supported cryptocurrencies can be found here: BC Vault cryptocurrencies. In addition to the cryptocurrencies, the following services are supported:
- FIDO/U2F
Documentation and Support
The BC Vault is limited to help articles and e-mail support. Phone support is not currently available.
Safety aspects of the BC Vault
Each wallet on the BC Vault is encrypted individually with a combination of a password entered on the computer and a PIN entered through the BC Vault. In addition, a global PIN and password that give your BC Vault an extra layer of security further protects the device. This means that overall there are the following passwords and PIN:
- Global Password: Used to unlock access to BC Vault along with the device’s global PIN. Is entered in the application.
- Global PIN: Is used to unlock access to BC Vault along with the device’s global password. Is entered on the device.
- Wallet Password: Used to ship currencies from individual wallets along with the Wallet PIN. Is entered in the application
- Wallet PIN: Used to send currencies from individual wallets along with the wallet password. Is entered on the device.
BC Vault encryption is based on the combined entropy of the global PIN (device input) and the global password (PC input). Each encryption step requires both components, and there are currently two encryption:
- Global encryption (used to disclose the public keys of each wallet on the device).
- Encryption per wallet (is used to allow the device to decrypt the private keys stored in the FeRAM).
Global encryption is one level above encryption per wallet. In the event of an attack, the attacker must defeat both layers before the private keys are visible to him.
In the BC Vault, the private keys are not stored in a security chip, but heavily encrypted in the FeRAM. Thanks to FeRAM technology (as opposed to normal Flash), the data is stored securely in the BC Vault without data loss, over 200 years for 35°C or 10 years for 85°C. In addition, the storage cells used in FeRAM can be used for 10 ^ 13 read/writing operations per byte, a significant improvement over the number of read and write operations supported by flash memory.
Each BC Vault contains the private keys of an address with 1 BTC that is encrypted with exactly this scheme. It is intended to show how much trust the developers have in their hardware wallet .
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Product Specifications
| Advantages | |
| Disadvantages | |
| Compatibility | FIDO/U2F |
| Cryptocurrencies | Bitcoin, Ethereum, Litecoin, Dogecoin, Dash, Bitcoin Cash, Ethereum Classic, ERC-20 Tokens, Bitcoin Gold, Tron, Vechain, Icon, OmiseGO, 0x, BINANCE COIN, WaltonChain, Polymath, Salt, Cindicator, Dynamic Trading Rights, Iconomi, OriginTrail, Viberate, CargoX, InsurePal, Xaurum |
| Package Contents |
|
| Input Options | Buttons |
| Comments | 14 comments |
| Platform | Windows, Linux, Mac |
| Brand | REAL security |
| Altcoin Support | |
| FIDO U2F Authenticator | |
| Supported Coins | 26 |
| Open Source | |
| Weight | 42g |
| Interfaces | microSD, USB-C |
| Size | 100x57x10mm |
| Screen 2FA |
User Reviews 14
Hello
I happened to unproperly insert my SD Card and fell inside my BC Vault One!
How to fix the problem? My only backup option left is through printing!
I do not recommend this product …even before they sent it to me they had problems (they couldn’t put my logo on the front of it because of their software issues.) Then I realised after the first use they take a cut when you transfer money on and off the vault even after spending hundreds of dollars in the first place buying it.
Then today I woke up and half the value of my Bitcoin is missing even though the amount I bought is still the same …Also their services is shitty
After careful examination of all support cases we had, we could not confirm your experience, nor had a single user had an issue with missing funds or anything like that. Our service is the best in breed and you can see that for yourself on Trustpilot. We are actively working with our users on every single issue and this is also one of our biggest strengths.
Constant new updates and features are well appreciated by our users:
https://bc-vault.com/2021/10/bc-vault-cardano-staking/
Btw. this portal has 3 years old data on @bc_vault just to make it look not worthy to buy.
Do your own research and you will see what BC Vault really – definitely not what this review is trying to project.
What happens if BC Vault goes out of business?
Does bc-vault support monero, wownero, zcash, and piratechain (arrr). I ask as they focus on privacy and would like that support if possible. Thanks in advance.
SBH
You mention the disadvantages on BC Vault to be:
no support for mobile devices
no Bluetooth connectivity
Well this are advantages since hardware wallets offering that are vulnerable:
Please check:
https://www.zdnet.com/article/billions-of-devices-vulnerable-to-new-blesa-bluetooth-security-flaw/
The same goes for open source, where scammers and hackers already were selling fake TREZOR clones …
I would like the listing of all cryptos you support. When I tried to click the feature in this tutorial it gave me an error message. I have many more crypto types than you list, so this is a deal breaker if I can’t get the complete list, or can’t add new coins.
Interested in BC Vault, can I use it for EOS and XBR?
Thank you
Not compatible to BIP39 seeds.
Privacy alert: It forces you to reuse bitcoin addresses and so it is very dangerous to user and other counterparts. Privacy is an issue here and the ratings above is way too high.
They are good at encryption but they just don’t understand basic principles in bitcoin protocol.
Installing and using it is also not intuitive but that might be my personal issue.
This is what costumers say
It is clear that you are sharing fake news, because you are a Ledger reseller. Bad practice and something I would not expect from someone who has technical knowledge.
Still users tell their real stories/ https://ie.trustpilot.com/review/bc-vault.com
Stay away from BC vault!
The device is very hard to install on windows 10. There is so much burdens to use it.
The 4 pad is the weirdest thing I’ve seen on hardware wallet.
They claim not following BIP 39/44 is a good thing but in fact they do not understand it’s purpose. The wallet is not compatible with any other!!!
You can not connect to your own node, they do not understand open source, very sad.
The wallet does not support multisig.
The only good this is a big display which I love. They should improve everything else sadly 🙁
You really need to know what are you doing with this device as otherwise you will lose all your funds and no one can help you out. Their support always blames users 🙁
This is fake news Maksim :-).
Check the real facts:
https://bc-vault.com/why-choose-bc-vault/
For skeptics who shill fake news check security model:
FAQ 0
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