Block Launches Biy Bitcoin Wallet for Self-Custody with Convenience
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Block has launched its self-custody Bitcoin wallet, Biy, available for pre-order in over 95 countries.
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Biy puts the keys to Bitcoin ownership in users' hands rather than leaving them on exchanges, avoiding risks like hacks, mismanagement, and lack of control.
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Biy partners with exchanges like Coinbase and Cash App to make moving Bitcoin in and out of the wallet easy.
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Biy uses a "2 of 3" multi-signature setup to avoid users losing access while still allowing familiar convenience features.
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Biy complies with sanctions laws and doesn't sell in sanctioned countries, though sanctions mainly apply to exchanges rather than self-hosted wallets.