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It would seem that, these days, cryptocurrency wallets have become one of the biggest subjects of debate, among various crypto enthusiast circles all around the world. As the topic evolves, so do the products offered by some of the top-rated crypto projects and brands out there. In this Billfodl review, we’re going to be taking a look at one such product.

Evidently, if you’re trying to understand what is Billfodl, worry not - you’re not alone! While these products are becoming increasingly more popular over the years, it’s only recently that they’ve started regularly appearing on some top crypto wallet brand product pages.

If you’re trying to figure out whether or not Billfodl is something that you might need, or if it’s a good addition to a cryptocurrency wallet, in general, you’ve come to the right place - we’ll address all of those questions, and many more! Note, though, that we’re going to be talking about the Ledger Billfodl - I’ll explain the reasons for why that’s the case, too.

UPDATE: Please note that the Ledger Nano S wallet mentioned in this review has been discontinued, and replaced by an updated version - the Ledger Nano S Plus.


  • Very simple to set up
  • Offered and sold by Ledger
  • Sturdy and well-made


  • Somewhat pricey
  • Not an essential crypto hardware product

What is the Billfodl?

Before we can start talking about the actual features and notable benefits of the product, we should probably first address the elephant in the room, and answer the underlying question - what is Billfodl?

Essentially, Billfodl is a special steel case that’s designed to store your recovery phrase, for your cryptocurrency wallet. It’s a type of anoptional purchase” - when you get yourself a wallet, you may opt to purchase the Billfodl, too!

So, this is where we can clear up the very first point of confusion that many people have - the “Billfodl wallet” isn’t a thing that exists! Billfodl isn’t a cryptocurrency wallet - instead, it’s something that you buy, separately, in order to maximize the security of your assets.

The above, however, is true from a third-party perspective. Meaning, Billfodl doesn’t *actually* make your wallet more secure - instead, it allows you to feel assured that you won’t lose your recovery phrase to some freak water- or fire-related incident.

Billfodl review: the Billfodl product, opened.

I’m getting ahead of myself, though - before we continue with this Billfodl review, allow me to explain why Ledger Billfodl is the way to go.

A simple Google search will reveal to you that there’s a pretty wide variety of places where you can purchase the Billfodl. Many of them, however, are either third-party retailers, or some shady sites that source their products from who-knowns-where. You COULD venture to Privacy Pros - the official creators of the Billfodl - and buy the product there, but I'd argue that Ledger is the way to go.

Ledger is one of the most popular - if not THE most popular - cryptocurrency wallet brands in the world. The fact that they deal in a Billfodl of their own is definitely very convenient, and means that you’ll be able to purchase the product from a reliable source!

With that being said, and all of the introductions aside, let’s move on to the actual Billfodl review, shall we?

Billfodl Review: PROS

Since this is a bit of an unorthodox review (granted that we’re not looking into a cryptocurrency wallet, but rather, a sort of a bonus product), we’ll approach it by strictly looking at the aspects of the item, its sales-related features, and how Billfodl can help you keep your crypto assets safe, albeit indirectly.

The very first thing that needs to be mentioned - and one that you’ve likely noticed, yourself, if you’ve looked into what is Billfodl - is the fact that the product in question is made of steel.

A Sturdy, Steel-Based Design

If you’re ever used a cryptocurrency wallet before, you probably know that, during the wallet setup process, there’s a recovery phrase that you need to write down, or save, in some other way. With hot wallets, people tend to take a picture on their phone, while hardware wallet products come with some handy pieces of paper, where you can write the phrase down.

Both of those aforementioned methods are quite lackluster, albeit for different reasons.

As you read through user Billfodl reviews, you might come across horror stories where those aforementioned pieces of paper got burned, soaked in water, or shredded to pieces, in some freak accident. Pictures on your phone are, admittedly, even worse - if your phone were to get stolen, or you were to break it, there’s a pretty good chance that this would mark the last time you see your wallet recovery phrase.

All of those things are the reason why the Billfodl wallet recovery phrase “protector” exists, in the first place.

Billfodl review: ultimate protection.

The product is made of solid steel. It’s like a sort of a small case, where you put in your recovery phrase with the help of small metal tiles (or slabs), with letters on them. Once you do so, you can then lock those slabs in place, and close the “box” - this will provide your recovery phrase with a couple of layers of steel-based protection.

As you can probably imagine, steel is a pretty sturdy material - it’s resistant to water, fire, shock, and all other kinds of potential damage. Now, it’s not indestructible, but it’s far better at protecting your wallet recovery phrase than, say, a piece of paper.

It’s a sentiment echoed by multiple customer Billfodl reviews, too. If you’re super-serious about protecting your recovery phrase, then Billfodl is definitely one of the better solutions on the market!

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Provided by Ledger

Now, while this is an indirect benefit, and I’ve already glanced over this point earlier in the Billfodl review, it’s still something that I want to address, separately.

Ledger is a household name, when it comes to cryptocurrency storage. The company has spent years perfecting their products, and the results speak for themselves - their flagship product, the Ledger Nano S, is often considered to be the most-popular cryptocurrency wallet in the world. That’s nothing to scoff at!

Purchasing yourself a Ledger Billfodl comes with some innate benefits. The most notable of these benefits is convenience.

Main score based on expert evaluations & real user reviews.

Whether the crypto wallet is hardware, software, desktop or paper type.

For which purpose or for what kind of people is the cryptocurrency wallet best for.

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Final crypto wallet evaluation conclusion based on research, expert opinions & user feedback.


Overall Score


Wallet Type


Best For

Best for Safely Storing, Sending, and Receiving Different Cryptocurrencies

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One of the safest hardware wallets on the market.
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Table: Some general information about Ledger

Say, you’ve just started out with your crypto journey, and are only at the phase of figuring out how things work. During your research, you learn that there are a few different types of cryptocurrency wallets, among which the safest are considered to be hardware wallet products. So, you decide that this is the type of wallet that you want to go for.

Now, choosing Ledger as your go-to hardware wallet provider, you will be able to also purchase yourself a Billfodl wallet recovery phrase protector, at the same time. No need to go out of your way and search for the Billfodl on some random website, and make two separate orders!

Both products will arrive in the same package, as well. This means that you’ll be able to set up your wallet immediately after you receive it! Sure, you could also set it up, either way, and then just copy the recovery phrase from a piece of paper to your Billfodl, when it arrives, but this is just some extra additional hassle.

Full legal business name of the cryptocurrency wallet.

The location where the cryptocurrency wallet company is based.

The year when the crypto wallet was established.


Full Company Name


Based in

Paris, France

Year of Origin

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Table: Ledger company information

Another point that’s worth considering is the reliability factor. Specifically, as I’ve mentioned earlier in the Billfodl review, getting yourself the product in question from Ledger, you’ll be able to rest assured that everything will go smoothly. Even if you do encounter some sort of a problem with your order, customer support will be there to help you, at any point in time.

Not something that can be said about some other websites that deal in the Billfodl, though! Sure, there are plenty of legitimate vendors, but at the same time, there are shady Billfodl dealers out there, as well - thus, it’s always better to rely on a trusted source, and this is where Ledger fits right in!

Very Simple to Set Up

Probably one of the most-notable features of the Ledger Billfodl is just how simple the product is to set up, and use, in general.

When looking at it on the internet, and scrolling through photos, it can, admittedly, look intimidating. However, I assure you - as soon as you receive your Billfodl in the mail, you’ll be able to start setting it up in no time.

Essentially, what you’ll need to do first is open the product up. This can be done by taking a screwdriver or some sort of a slim coin, and twisting the top bolt on the product. Then, you also need to depress the spring at the bottom, on the opposite side of where the bolt is.

This will release the mechanism, and you’ll be able to open your Billfodl up. Reading through user Billfodl reviews, all of that shouldn’t take you any longer than a few seconds.

Billfodl review: setting up your Billfodl.

Moving on, the next step in the process is to start sliding your letter tiles into place. As you put in those small pieces of metal, make sure that they do spell out your recovery phrase correctly! They should fit into each of the rows neatly, so that you’d still be able to close your latch, in the end.

Once you’ve put in all of your letter slabs, double- and triple-check if everything’s correct - if it is, then simply close the spring latch, and twist the bolt back into its initial position. That’s it - you’ve got your Billfodl all set up!

Once again, as you read through other user Billfodl reviews, you’ll quickly learn that sorting through the letters and filling each of the rows is the most tedious part of the entire process. The rest of it is very simple and self-explanatory - if you do find yourself stuck, however, there’s a good mix of helpful instructions on the product page, over at Ledger, as well as various YouTube videos, showcasing the whole entire process.

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Billfodl Review: CONS

So, then - the Billfodl is an awesome product - there’s no denying that. It’s a unique way to protect your cryptocurrency wallet recovery phrase, and keep it away from potential natural and not-so-natural dangers!

Since this Billfodl review is, once again, quite unorthodox, as you can imagine, Billfodl doesn’t really come with specificcons”, so to speak. It’s a rather simple product, with a very simple and direct purpose - there are no technical parts that could get faulty, and no pieces of metal that would tend to break off, at random.

Keeping that in mind, this con section will have to do more with the general sentiments surrounding Billfodl, and not necessarily any shortcomings that would be associated with the product itself.

Isn’t an Essential Product

Billfodl is, without a doubt, a rather interesting item. That being said, you’d struggle to find it mentioned on any of the “best cryptocurrency wallet” lists that crypto fans have made, over the years.

Why is that so? Well, for starters, obviously, because it’s not a wallet - Billfodl wallet isn’t a thing. However, Billfodl isn’t really mentioned all that often for another reason, as well.

It simply isn’t an essential product, when it comes to your crypto experienceIn most cases.

Billfodl review: features of the product.

If you’re a long-term crypto industry veteran, and are very protective of your crypto assets, then Billfodl becomes a great way to increase that level of protection. However, if you’re just starting out, and don’t even have a dedicated wallet, as of yet, then yes - Billfodl is surely optional.

After all, the recovery phrase protector does cost money, too! While we’ll get to the pricing in a minute, it’s not a sum you would scoff at - this only furthers the idea of the product being an optional purchase, for anyone who wants to improve their asset security.

Not the Easiest Thing to Hide

Whenever you write down your wallet recovery phrase, the next thing that you’ll likely do is think of a place where you can hide it. Well, at least you should!

I can’t stress this enough - it’s the only thing preventing you from losing your assets forever, if your wallet were to get stolen, or if you’d forget your password. This factor alone should emphasize the importance of hiding that small sheet of paper!

Small pieces of paper are, admittedly, pretty simple to hide. The same can’t always be said about heavy, steel-based cases.

Of course, it all depends on your own, individual situation. Some people have safes, or special storage locations where they could hide their Billfodl without much effort.

Billfodl review: product description.

At the same time, as interesting as it may sound, there are a lot of people who would choose to dig a hole in the ground, and bury their Billfodl there. If this is something that sounds like an option to you, too, just make sure to store it in some sort of a bag - rust can be a big issue, even if stainless steel is involved, assuming that it will stay underground for a long period of time!

Naturally, I really can’t recommend you go out and bury your Billfodl - if you do decide to do it, though, keep all of the risks in mind!

The point here, however, remains the same - while you won’t come across a huge variety of user Billfodl reviews talking about this, it’s still worth considering that this product is somewhat bulky and heavy, when compared to a piece of paper. Thus, you’ll really want to have a designated storage area for it, or at least a space where you can hide it, safely!


Now, as I’ve eluded to earlier in the Billfodl review, pricing is another factor to consider, when you’re thinking about getting yourself the Ledger Billfodl case.

If you were to purchase the Billfodl from the Ledger official website, it would cost you €99 (around $100, as of writing this article). That’s a significant sum of money!

The above-made statement is particularly true if you’re opting to purchase a Ledger Nano S, as your crypto wallet of choice - the Nano S costs €59, as of writing this. It’s a pretty big jump in price!

Billfodl review: the Billfodl product.

Is the product worth the money? Well, it depends on the individual - to some, this will be a bit too expensive, while others might disagree. It’s a sentiment reflected in user Billfodl reviews, too.

In any case, the price of the Billfodl wallet recovery phrase case is surely something that you do need to consider, when deciding if this product is worth it for you!

Billfodl VS Billfodl Multishard

Before I let you go, there are a couple of last points that I’d like to explore, and answer a few more questions that I’ve seen popping up in various user Billfodl reviews, all around the internet.

Many people compare Billfodl with similar products - that makes sense. And while Billfodl VS Cryptosteel is a separate topic that we’ll get to, in a minute, there are a lot of questions regarding Billfodl Multishard - what is it, is it the same thing as Billfodl, and if not, how is it different.

First and foremost, no - Billfodl Multishard is not the same as the original product, at least as far as the contents of the package are concerned. With this specific product, you will receive three different “shards”, where you’ll be able to insert your secret wallet phrase. Each shard can then be hidden in different locations, and if one of them were to get compromised, the thief would still be unable to access your wallet funds.

It’s an innovative solution, for sure!

Billfodl review: Billfodl Multishard on Privacy Pros.

That being said, the Billfodl Multishard isn’t sold by Ledger, and can only be found on the Privacy Pros official website. It costs $235, too, which is quite a jump from the already-notable price of the original Billfodl.

Put simply, the Billfodl Multishard is mostly aimed at individuals who want to take all of the possible measures in order to secure their wallet, and the funds lying within. If you’re one of these people, or you’ve found yourself in a situation where you’d need all of this extra protection, then the Multishard could be a viable option.

On the flip side, though, if you’re simply looking to improve the security of your crypto assets, user Billfodl reviews will tell you that the original product is often going to be more than enough.

Billfodl VS CryptoSteel

If you’ve spent some time on the crypto-related hardware market, chances are that you’ve come across the name Cryptosteel, once or twice before. It’s something that keeps coming up in user Billfodl reviews, as well - people are comparing Billfodl VS Cryptosteel, and trying to find out which of the two products is better at what they do.

If, however, this is your first time hearing about Cryptosteel, you still might have already gathered that this is a similar product to the Billfodl. That being said, from a purely physical standpoint, both cases are, admittedly, quite different.

While the Billfodl is a flat case, the CryptoSteel is a capsule. It’s quite a bit smaller than the former product, and thus, could be hidden in many more discreet ways.

Billfodl review: CryptoSteel.

That being said, it’s also not really as innovative as Billfodl, either. While this is something that requires a separate review, in of its own, with Cryptosteel, you simply need to place letter- and number-marked tiles onto a pin, with separators signaling where one combination ends, and the other begins.

While this type of a design DOES save space, and allows the end-product to be quite a bit more subtle, it’s also not as clear or as polished as Billfodl. It really is a point of preference, to be fair.

To add to all of that, user Billfodl reviews do also mention that both products are priced very similarly, with the Cryptosteel capsule retailing at a few euros more than Billfodl.

Billfodl review: simplicity of setup.

As far as comparing the technical parameters of Billfodl VS Cryptosteel goes, both products are made from stainless steel, and thus, they’re both going to be resistant to most elements of nature - corrosion, water, fire, electricity, and so on.

The one point that I DO want to point out, however, is that the Cryptosteel capsule is marketed as more of a “general” product, while the Billfodl is seen as being a bit more crypto-specific. This is evident even when it comes to the product page marketing, too - the CryptoSteel capsule is compatible with a variety of different private keys and password abbreviations, the same can’t really be said with Billfodl.

On the other hand, one of the talked-about strengths of the Cryptosteel is that it’s very portable - featuring a minimalistic design, you’d be able to carry it around, without anyone really noticing or questioning it.

If you’re read the entire Billfodl review up to this point, you probably know that, at least when it comes to crypto, you would NEVER want to carry your recovery phrase with you. It should always stay hidden, and away from any prying eyes.

Billfodl review: Billfodl user reviews.

All of that being said, at the end of the day, it all really does boil down to personal preference. If you’re a fan of Ledger, want to save a few euros, and are looking for a crypto-specific secret phrase storage case, then Billfodl is definitely the way to go.

However, if you’d like to use the product for more than that single purpose, or are simply a bigger fan of the capsule-based design, then CryptoSteel could, for a fact, be an interesting alternative.

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So, then - as I’ve mentioned a few times in this Billfodl review already, the product in question is very specific. That being the case, this also means that it’s going to suit somewhat specific individuals, as well - and that’s alright!

If, after reading the article, you’re not entirely convinced that you need a Billfodl in your current situation, you should at least check out the product’s official page, on Ledger’s website. There, you will be able to get a better idea of what Billfodl is all about, and make the final decision, too.

Furthermore, while you’re at it, even if Ledger Billfodl isn’t your cup of tea, make sure to check out the rest of Ledger’s lineup - specifically, the company’s crypto wallets. Them being some of the top-rated products on the market, you might find a brand new, top-tier crypto wallet for yourself, too - you never know!

On the other hand, if you DO like the idea behind Billfodl, and the product has piqued your interest, make sure to check it out - it could be a great solution to storing your wallet recovery phrase, in an accident-proof steel case!

All of that being said, thanks so much for reading my Billfodl review - I hope that it was informative to you! Best of luck with your crypto journey, and until next time!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

About Article's Experts & Analysts

By Aaron S.


Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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Recent Billfodl User Reviews


5.0/5.0 - Billfodl User

hi everyone!

I love how simple to use billfodl can be! It was easy enough that even a beginner like me could use it.


Price value
Ease of Use


4.0/5.0 - Billfodl User

I trust ledger.

If a product is offered by ledger, I tend to trust it.


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4.0/5.0 - Billfodl User

almost perfect

would be better if it was a little less pricy


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5.0/5.0 - Billfodl User


My god, i didn't expect how sturdy and nice this wallet could be! I'm really impressed and in love!


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4.0/5.0 - Billfodl User

I like it but...

...but I'm still not sure. I'd like to see more user comments before making a commitment.


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max lowe

5.0/5.0 - Billfodl User




Price value
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Miriam R.

5.0/5.0 - Billfodl User

Absolutely enambored!

I have no complaints!


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Evie Gallagher

5.0/5.0 - Billfodl User

Five stars

I give it five stars.


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zaiyn costa

5.0/5.0 - Billfodl User

Sounds amazing...

Sounds amazing but I'm not sure about the portability.


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5.0/5.0 - Billfodl User


cool cool cool cool cool


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What is Billfodl?

Billfodl is a special piece of hardware dedicated to storing your secret cryptocurrency wallet recovery phrase. It's offered and sold by Ledger, one of the most recognizable names in the crypto world. Billfodl allows you to enter your recovery phrase, in the form of metal tiles (slabs) that have letters written on them. Then, you can hide the item, which is made to be heat-, water-, electricity-, and physical damage-resistant.

Is Billfodl made by Ledger?

No - Billfodl was created by Bryan and Colin from Privacy Pros. While the product is sold by Ledger, the company in question does not manufacture it. While it's possible to purchase a Billfodl from other sources (such as the Privacy Pros official website), with Ledger being such as household name, most people are going to opt for this provider.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.



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