What does it mean to not have a seed phrase?
Is it keyless?
No—you’re still in control of private keys. Seed phrases are just one way to store them.
Is it custodial?
No—you hold 2-of-3 multisig keys. No one can move funds without you.
Is it vendor lock-in?
No—you can exit Bitkey anytime—without relying on the Bitkey app, server, or a seed phrase.
Is it unsafe?
No—extracting seed phrases from secure hardware signers increases the attack surface, not decreases it.
Is it trust-based?
No—Bitkey is open-source and verifiable, just like any real bitcoin wallet should be.
Is it unproven?
No—security conscious bitcoiners have used this multi-sig approach for years, rotating secure devices instead of exporting seeds.
Is it unrecoverable?
No—Bitkey can recover from loss of phone, hardware, or both—without a seed phrase.
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