Airbitz is a digital Bitcoin wallet that provides a beginner-friendly user interface while offering top-notch security among other features. It stands out by providing a unique bitcoin business directory to its users and also a modern method of sending and receiving bitcoins through the use of QR codes and Bluetooth. Among its long list of wonderful features is the provision of Hierarchical Deterministic feature and use of two-factor authentication to provide security to the user’s funds and prevent third parties from accessing the transaction data. Airbitz was founded in 2015 by founders Scott Morgan, Paul Puey, William Swanson, Damian Cutillo and Tim Horton. It has its headquarters in San Diego, California in the United States.
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- Ability to use Bluetooth(BLE) instead of QR codes
- Incorporates the Touch ID feature on iPhones
- Wallet backs up automatically
- Two-factor Authentication
- Multi-device synchronizations
- The Hierarchical Deterministic wallets’ addresses keep changing with transactions
- Allows an account to have multiple accounts
- Currency exchange rates (Over 140)
- Mapping feature showing all bitcoin-accepting businesses in the vicinity
How Can I send and receive payments using Airbitz?
Outlined below are steps to send and receive payments
- At the top of your wallet is the “send” button. When clicked your QR code scanner is launched.
- Get the person’s address that you want to send the payment by scanning their QR code.
- Input the amount to send
- Input your pin
- Then confirm the details and send.
- At the bottom of the wallet on the screen is a “Request” button. Click on it to bring up a dialogue box
- Select the wallet to deposit your funds
- View your QR code by clicking “Next”
- Allow the sender to scan your code and have them send you the bitcoins
The security of Airbitz
The Airbitz wallet is always auto-encrypted. This together with the high privacy levels and decentralization makes it among some of the most secure wallets around.
It also backs up regularly and in some cases, can still be able to function when the servers go down
Strengths and weaknesses
- User-friendly interface
- It is open source
- Two-factor authorization adds an extra layer of security
- Easy access to the bitcoin directory
- Ability to function if a server goes down
- Doesn’t have a web interface
- Airbitz brand is not quite popular
- The Airbitz wallet only supports bitcoins, the Bitcoin Cash, and other flat exchange rates. And is only available for mobile devices more specifically iOS and Android.