Ballet Cold Storage Bitcoin Wallet Unboxing & Set Up: Great Gift for Father's Day!

🕺Father's Dad Twitter Giveaway!! 🕺
Ballet Wallet 2022 Tiger Limited Edition: https://twitter.com/BalletCrypto/status/1533435575587307520

00:00 Introduction
02:10 Unboxing
03:23 How the Private Key is Created
04:01 How the Public Key Works
04:39 Security Concerns
05:53 Download and Installing the Ballet Wallet App
06:39 Syncing the App to Your Card
07:07 Transferring Bitcoin to Your Ballet Wallet from an Exchange (Coinbase Pro App)
10:13 Accessing the Bitcoin on the Card by Revealing the Private Key
13:24 Managing Multiple Cards in the Ballet App
14:57 Demonstration of the 24 Caret Gold Plated Cards
16:22 Transferring Bitcoin from a Different wallet to the Ballet Wallet (Trust Wallet)
17:14 Adding the Gold Plated Card to the App
18:24 Father’s Day Considerations and Twitter Contest

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Is the Ballet Wallet for You?

Pros: Safe Simple Elegant
Most Crypto wallets require the user to generate, save, and store the private key. This can be a complicated, time consuming, & error-prone process. Ballet Wallets handle this process for you. Many people lose access to their crypto because they mis-read, miswrite, or misplace their backup phrase. Ballet wallets store the private key directly on the card.

Cons: Requires a certain level of trust, vulnerable to physical theft
Many crypto users prefer to generate their own backup phrase and protect their wallets with strong passwords. Ballet wallets may not be the right product for these types of advanced users.

Is the Ballet Wallet Private key Secure?

Many people are uncomfortable with pre-generated private keys. Ballet wallets addresses these concerns:
Ballet’s innovative two-factor key generation process (2FKG) was designed to eliminate the risk that a rogue employee or a criminal who gains access to our secure manufacturing facilities could steal encrypted private keys or passphrases. There are multiple layers of protection built into the process.
Ballet’s two-factor key generation process requires the encrypted private key and passphrase to be generated separately on offline, air-gapped computers in different locations on different continents by different employees. These two components of the private key are never exposed to the internet or commingled on the same computer or hard drive. Therefore insider theft would require multiple employees to collude, and outsider theft would require both locations to be compromised secretly and simultaneously.
Encrypted private keys and passphrases are deleted and overwritten immediately after the manufacturing process. The only copy that exists is contained in non-electronic form on the physical Ballet wallet itself, concealed under the tamper-evident sticker and scratch-off. Therefore even if criminals break into the manufacturing facility, there will be no encrypted private keys or passphrases for them to steal.
Only a very small number of Ballet’s most experienced and trusted employees are involved in any part of the private key generation and manufacturing process. They have strong incentives to ensure that every wallet produced is secure. If an insider theft ever occurred, it would soon be discovered which employees were responsible, and they would face severe criminal penalties. It would be impossible to commit the crime and get away with it.
Every Ballet employee has a financial and reputational stake in the success of the company, and the success of the company depends on trust. If Ballet customers ever lose funds due to theft or product defect, all trust in the company would be lost and employees’ financial stake would be worthless. Our interests are completely aligned with our customers. Therefore everyone at Ballet has a strong incentive to ensure that standard operating procedures and quality control standards are strictly adhered to at all times.

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