What Coinkite does

Coinkite Inc. is a Canadian Bitcoin-only hardware and security company founded in 2012 and headquartered at 3219 Yonge St., Toronto, where it designs and assembles its custom electronics in-house. Its product line centers on COLDCARD hardware wallets (Mk5 and Q) that keep private keys on-device and sign transactions through air-gapped workflows, complemented by physical Bitcoin bearer instruments (OPENDIME USB sticks, SATSCARD NFC cards, TAPSIGNER NFC signing cards, SATSCHIP embedded chips), BLOCKCLOCK data displays, SEEDPLATE steel seed backups, COLDPOWER battery adapters, CKBunker HSM signing workflows, and the arca personal data haven for critical secrets. Underlying technology includes dual secure elements, NFC wireless capabilities, QR-based transaction scanning, and protocol support such as BIP-322 Proof of Reserve signing.

The company operates a direct-to-consumer model through store.coinkite.com, shipping to customers in 100+ countries and supplementing direct sales with a network of 19+ authorized resellers across North America, Europe, Asia, and South America. Revenue is generated almost entirely through one-time hardware sales at individually undisclosed price points; pricing is not publicly listed in available sources. Coinkite's customer base is distributed across individual Bitcoin self-custody users, gifters and collectors using physical bearer instruments, and Bitcoin art/collectibles owners embedding SATSCHIP into physical works — a long-tail SMB/consumer profile with no enterprise anchor accounts. The firm is privately held, self-funded, and describes itself as a '10+ year-old profitable Bitcoin company,' with founders Peter Gray and Rodolfo Novak as primary operators. Distribution and marketing are community-led, leveraging a Substack newsletter, company blog, Bitcoin.Review podcast, OpResearch open research, BinaryWatch.org monitoring, BitcoinBinary.org reproducible build proofs, conference speaking, and active Bitcoin-focused social media.

Name

Coinkite

Legal name

Coinkite Inc.

Website

https://coinkite.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Coinkite is a Canadian Bitcoin-only hardware company that designs and manufactures air-gapped COLDCARD wallets, physical bearer instruments, and seed backup products, selling direct-to-consumer in 100+ countries through its Toronto web store and 19+ authorized resellers.

Ownership category

akta.pro rank

Product category

Bitcoin Hardware Wallets

NAICS

Convenience Retailers and Vending Machine Operators (44513)

SIC

Finance Services (6199)

akta.pro primary industry

Smart Contract Wallets & Account Abstraction (FSADACAF)

Keywords

• Bitcoin hardware wallets
• Cryptocurrency security devices
• Bitcoin self-custody
• Physical bitcoin tools
• Offline signing hardware

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Hardware Wallet Sales: Sale of COLDCARD hardware wallets (Mk5, Q models) - Bitcoin-only signing devices with air-gapped security architecture. One-time hardware purchase with device containing proprietary firmware and dual secure elements.
2. Physical Bitcoin Products: Sale of physical Bitcoin tools including OPENDIME USB sticks, SATSCARD reusable NFC cards, TAPSIGNER NFC signing cards, SATSCHIP embedded NFC chips for art authentication, and BLOCKCLOCK data displays. One-time purchase products for Bitcoin self-custody and gifting.
3. Accessories and Seed Backups: SEEDPLATE steel backup plates for seed phrase storage, COLDPOWER battery adapters for air-gapped power, CKBunker HSM signing workflows, and other Bitcoin security accessories.
4. arca Personal Data Haven: arca is a personal data haven for critical secrets including seed words, recovery codes, passwords, instructions, and files. Encrypted secrets resilient across places, people, and time.

Go-to-market motion3 records

Distribution channels2 records

Marketing channels7 records

Core offering

Coinkite designs, manufactures, and sells Bitcoin-only self-custody hardware devices, including the COLDCARD family of air-gapped signing wallets, OPENDIME physical Bitcoin bearer USB sticks, TAPSIGNER and SATSCARD NFC signing cards, SATSCHIP embedded authentication chips, BLOCKCLOCK data displays, SEEDPLATE steel seed-phrase backups, and the arca personal data haven. The company also offers software/web tools (BitcoinTreasuries.net, Checkmsg.org, Blockwatch.live, BitcoinBinary.org, BinaryWatch.org) that complement its hardware ecosystem for Bitcoin holders.

Product overview

Coinkite offers a diversified portfolio of Bitcoin-only hardware security devices and companion services. The core products include COLDCARD Q and Mk5 hardware wallets for air-gapped Bitcoin signing, OPENDIME physical bearer instruments, TAPSIGNER and SATSCARD NFC signing cards, SATSCHIP for art authentication, BLOCKCLOCK data displays, SEEDPLATE steel backups, and arca personal data haven. The ecosystem is complemented by software/web services including BitcoinTreasuries.net, Bitcoin.review, Checkmsg.org, BinaryWatch.org, BitcoinBinary.org, and Blockwatch.live. Coinkite operates as a Bitcoin-only, self-custody focused company with products built for people who hold and verify bitcoin themselves, maintaining air-gapped workflows where private keys stay on device.

Differentiator

Problem solved

Functional benefit

Brands

• COLDCARD: Bitcoin hardware wallet with air-gapped security architecture for offline transaction signing
• OPENDIME
• BLOCKCLOCK
• SATSCARD
• TAPSIGNER
• SATSCHIP
• SEEDPLATE
• arca
• CKBunker
• COLDPOWER
• BitcoinTreasuries.net
• Bitcoin.holiday
• Bitcoin.review
• Checkmsg.org
• BinaryWatch.org

Products and services

• COLDCARD Q Full-keyboard Bitcoin hardware wallet for offline Bitcoin signing, featuring QWERTY keyboard, larger screen, QR scanner, MicroSD, USB-C, and NFC options for self-custody workflows. Designed for individual Bitcoin holders who want maximum security and air-gapped transaction signing.
• COLDCARD Mk5 Verifiable, Bitcoin-only signing device (launched March 2026) with dual secure elements, anti-phishing measures, redesigned 1.54-inch Gorilla Glass screen, USB-C, and improved NFC. Signs Bitcoin transactions while private keys stay on the device, away from networked computers.
• OPENDIME Small USB stick that can hold bitcoin as a sealed physical bearer instrument for hand-to-hand transfers. The private key stays sealed until someone physically breaks the seal to spend, enabling bitcoin to move like a physical object.
• TAPSIGNER NFC card that stores a Bitcoin private key and signs mobile wallet transactions with a tap. Designed for users who want a convenient NFC-based signing experience while keeping keys on the card.
• SATSCARD Reusable physical Bitcoin cards that bring the OPENDIME bearer-instrument idea to an NFC card with multiple slots for reuse, offering a cash-like Bitcoin experience.
• SATSCHIP Embedded NFC chip that binds a Bitcoin private key to physical artwork or objects so buyers can verify the piece and control the key after sale, enabling Bitcoin-based art authentication.
• BLOCKCLOCK mini Bitcoin data display showing block height, price, and other Bitcoin network data, with OPENDIME balance display, fiat value, and deposit QR.
• BLOCKCLOCK micro Smallest Bitcoin data display tracking block height, price, and other Bitcoin metrics for desktop use.
• SEEDPLATE 2mm steel backup plate for durable 24-word or compact 12-word seed phrase storage, replacing paper with a fire- and water-resistant backup medium.
• arca Personal data haven (digital safe) for critical secrets including seed words, recovery codes, passwords, instructions, and files that must not depend on one phone, cloud account, or person. Keeps encrypted secrets resilient across places, people, and time.
• COLDPOWER Battery adapter that powers low-power USB devices from a 9-volt battery without USB data, enabling air-gapped COLDCARD operation away from any computer.
• CKBunker HSM signing workflow system that operates COLDCARD in HSM mode for policy-controlled signing, allowing approved transactions to be signed without manual OK confirmation on each transaction.

Quantifiable outcome

• Air-gapped security maintains usability without networked computer connectivity
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

19 partnerships are on record, tiered minor.

• Quickbit – The Crypto BoutiqueminorChannel Partner/ Reseller/ DistributorCanadian reseller based in Canada, operating 'thecryptoboutique.ca' and active on X.com as @quickbitcrypto. One of several Canadian resellers in the Coinkite partner network.
• The Coin ShackminorChannel Partner/ Reseller/ DistributorCanadian reseller operating thecoinshack.ca, serving the Canadian Bitcoin community with Coinkite products.
• The Bitcoin Hardware StoreminorChannel Partner/ Reseller/ DistributorEl Salvador-based reseller operating tbhs.sv, providing Coinkite products to the Bitcoin-friendly jurisdiction of El Salvador.
• Bitcoin Bay FoundationminorChannel Partner/ Reseller/ DistributorUS-based reseller operating bitcoinbay.farm, serving Bitcoin enthusiasts in the United States.
• Bitcoin ParkminorChannel Partner/ Reseller/ DistributorUS-based Bitcoin education and community center reselling Coinkite products at bitcoinpark.com.
• San Diego BitcoinersminorChannel Partner/ Reseller/ DistributorCommunity-run reseller operated by the San Diego Bitcoiners local community group.
• Satscard ShopminorChannel Partner/ Reseller/ DistributorSpecialized reseller focused on SATSCARD products, operating satscardshop.com.
• Cripto ShieldminorChannel Partner/ Reseller/ DistributorBrazilian reseller operating criptoshield.com.br, serving the Brazilian Bitcoin market.
• bitguardminorChannel Partner/ Reseller/ DistributorEuropean reseller operating bitguard.me/loja, providing Coinkite products to customers.
• Bitcoin BazarminorChannel Partner/ Reseller/ DistributorFrench reseller operating bitcoinbazar.fr, serving the French Bitcoin community.
• COPIAROminorChannel Partner/ Reseller/ DistributorGerman reseller operating copiaro.com, providing Coinkite products to the German market.
• Cold HodlminorChannel Partner/ Reseller/ DistributorLatvian reseller operating coldhodl.com, serving Bitcoin holders in Latvia and the Baltic region.
• Bitcoin Brabant B.V.minorChannel Partner/ Reseller/ DistributorDutch reseller operating from bitcoinbrabant.com, providing Coinkite products in the Netherlands.
• FREE MadeiraminorChannel Partner/ Reseller/ DistributorPortuguese reseller operating shop.freemadeira.org, serving the Portuguese Bitcoin community.
• bitConsultminorChannel Partner/ Reseller/ DistributorSwiss reseller based in Switzerland operating bitconsult.ch, serving the Swiss Bitcoin market.
• Etherbit Private LimitedminorChannel Partner/ Reseller/ DistributorIndian reseller operating etherbit.in, providing Coinkite products to the Indian Bitcoin market.
• mempool.spaceminorChannel Partner/ Reseller/ DistributorJapanese reseller operating mempool.space/about, affiliated with the mempool.space Bitcoin explorer project.
• DirectBit KRminorChannel Partner/ Reseller/ DistributorSouth Korean reseller operating directbit.co.kr, serving the Korean Bitcoin market.
• BitcoinVN ShopminorChannel Partner/ Reseller/ DistributorVietnamese reseller operating shop.bitcoinvn.io, providing Coinkite products to Vietnamese Bitcoin users.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Trezor: SatoshiLabs' Trezor is one of the original Bitcoin hardware wallets and directly competes with COLDCARD in the air-gapped, security-focused segment. Strong brand overlap and similar customer base of self-custody-focused Bitcoin holders.
• Blockstream: Blockstream's Jade hardware wallet targets the same Bitcoin-only self-custody audience as COLDCARD, with air-gapped signing and open-source firmware. Major competitor in the Bitcoin-purist niche.
• Ledger: Ledger is the largest hardware wallet maker globally with the Nano S Plus and Stax product lines, competing with Coinkite across most of the Bitcoin self-custody customer base. Differentiates on multi-chain support and broader retail distribution.
• Foundation Devices: Foundation Devices makes the Passport hardware wallet, a Bitcoin-first competitor with air-gapped QR-based signing. Closely aligned with Coinkite's Bitcoin-only ethos and security-focused positioning.
• Shift Crypto (BitBox): Swiss-based maker of the BitBox02 hardware wallet, a Bitcoin-and-Litecoin-focused device with secure element chips. Directly competes with COLDCARD in the security-conscious, Bitcoin-focused hardware wallet segment.

Broad incumbents

• Block (Bitkey): Block's Bitkey hardware wallet is a product from a much larger publicly-traded fintech parent (formerly Square). It targets the same self-custody customer base but benefits from Block's distribution, capital, and Cash App ecosystem.

Emerging players

• Casa: Casa offers multisig self-custody with hardware wallet integration (including COLDCARD-compatible workflows). Competes for high-net-worth Bitcoin holders seeking institutional-grade self-custody with concierge service.
• Nunchuk: Nunchuk is a collaborative Bitcoin custody wallet that integrates with multiple hardware wallets including COLDCARD. Targets the same Bitcoin-only multisig self-custody audience with a software-plus-services layer.
• Satochip: Satochip produces smart card-based crypto hardware wallets with secure element chips, overlapping with Coinkite's TAPSIGNER and SATSCARD NFC products in the physical-bearer and tap-to-sign use cases.
• SeedSigner: Open-source DIY Bitcoin hardware wallet using off-the-shelf hardware. Overlaps with Coinkite's air-gapped, Bitcoin-only philosophy but appeals to more technical users building their own devices.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/coinkite
• Facebookfacebook.com/CoinKite
• LinkedInlinkedin.com/company/coinkite

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coinkite