Jack Dorsey Launches Bitkey Hardware Wallet in 95+ Countries

Block, the fintech company founded by Jack Dorsey, has officially made its Bitkey self-custody bitcoin wallet available for pre-order across more than 95 countries globally. The highly anticipated hardware wallet combines three essential components: a mobile application, a physical hardware device, and a suite of recovery tools designed to give users complete control over their digital assets.

How Bitkey’s Three-Key System Secures Your Hardware Wallet

At the core of Bitkey’s design philosophy is its innovative three-key security architecture. Two of these keys—one held within the mobile app and another stored on the physical hardware device—remain entirely under user control. The third key is maintained on Bitkey’s servers, serving a dual purpose: it enables users to verify and authorize transactions using only their smartphone when the hardware device isn’t available, and it facilitates wallet recovery if either the phone or device (or both) are lost or damaged.

This approach represents a significant evolution in hardware wallet technology. Unlike traditional self-custody solutions that require users to manage recovery seed phrases manually, Bitkey’s system offers an intuitive middle ground between security and usability. Transactions occur offline on the hardware device, while the recovery infrastructure ensures that users never permanently lose access to their assets.

Why Hardware Wallets Matter: Learning from Crypto Exchange Failures

The resurgence of interest in self-custody stems directly from the repeated failures of centralized cryptocurrency platforms. The collapse of FTX in 2022, followed by the shutdowns of Voyager and Celsius, left millions of users learning a harsh lesson: without direct control of their private keys, their crypto holdings are vulnerable to institutional risk.

The cryptocurrency community has embraced an old adage with renewed urgency: “Not your keys, not your coins.” This philosophy has driven demand for hardware wallets that allow individuals to become their own custodians, eliminating reliance on third-party intermediaries. Bitkey enters this market at a moment when user awareness about asset sovereignty is at an all-time high.

Seamless Integration: Buying and Selling Bitcoin Through Bitkey

Rather than existing as an isolated tool, Bitkey integrates with established financial platforms to enhance usability. Block announced in mid-2023 that the wallet would connect with Cash App, Block’s own payments platform, as well as Coinbase, one of the world’s largest cryptocurrency exchanges. This integration allows users to buy and sell Bitcoin directly within the Bitkey ecosystem without needing to leave the app or transfer assets to separate trading platforms.

The partnership with Coinbase and Cash App was specifically designed to bridge the gap between self-custody and market accessibility, enabling both newcomers and experienced traders to manage their Bitcoin with greater flexibility and security.

From Beta to Market: Bitkey’s Global Rollout Timeline

Bitkey underwent extensive beta testing throughout 2023, with the program designed to refine the product’s functionality and user experience before the global launch. Pre-orders began in late 2023, with the first shipments rolling out in early 2024. Now, two years into its market presence, Bitkey has established itself as a viable competitor in the hardware wallet space, offering Jack Dorsey’s vision of accessible, user-friendly self-custody at a global scale.

The availability across 95+ countries represents a significant step in making hardware wallet technology accessible beyond early adopters, potentially accelerating mainstream adoption of Bitcoin self-custody practices worldwide.