The BitBox02 hardware wallet supports BIP-85, giving you powerful tools to manage multiple wallets securely and easily. By using BIP-85, you can generate multiple independent wallets—called child keys—from one single master seed. This method brings several key benefits.
Simplified backup process
With BIP-85, you only need to store one backup: your master seed. Every wallet (or child key) you generate can always be recreated using this seed and the same settings. There's no need to create and protect a new backup for each wallet.
Enhanced security
Managing multiple backups increases the risk of loss or theft. BIP-85 reduces this risk by minimizing the number of backups needed. As long as your master seed is safe, you can always recover your child wallets.
Flexibility and organization
BIP-85 lets you create separate wallets for different uses:
- One for savings
- One for daily expenses
- One for long-term storage
- Or even wallets for friends and family
Each wallet is isolated from the others, but you don’t have to back them up individually.
Cross-wallet compatibility
BIP-85 is a widely supported standard. Wallets created using BitBox02 can be used in any wallet app that supports BIP-85. This makes it easy to manage your Bitcoin across different devices or apps without sacrificing security.