How do I add bitcoins to my Franck Muller watch dial?
Treat your Franck Muller Watch like a Bitcoin piggy bank: Add funds as often as you like, but only import (or “sweep”) your funds once.
How to transfer bitcoins to my Franck Muller Watch
Open any live wallet software (e.g. Mycelium, Bread, Trezor) or web-based wallet (e.g. blockchain.info, coinbase.com) and send or receive funds from any live wallet to the public address shown on your watch dial.
How to check my account balance
After transferring funds, or just to check your account balance and USD value. Scan your watch dial using any live wallet or Bitcoin balance checker app. (this will take your public address and search a block explorer, e.g. blockchain.info)
How do I withdraw them?
Step 1. Use a live wallet
Claiming the funds from your Franck Muller Encrypto requires software. This software is usually referred to as a “live wallet”, which should not be confused with your off-line or cold wallet set.
Step 2. Import your private key
Having set up a live wallet, the next goal is to fund it. The Franck Muller Encrypto comes as a 2 piece set. A watch and a sealed USB. Your watch dial contains your public key, and a sealed USB, holds your private key. The watch, which you can freely wear with no risk of losing your Bitcoins if it were to get lost or damaged, and a sealed USB, which you would store in a safe place, the same way you would store large sums of cash or physical gold. (e.g. safety deposit box).
To be able to move the funds, you must push a pin through the hole marked on the back of the USB.
Once that is done, the private key will be revealed. Once unsealed, you will have access to your private key.
Then, you’ll need to link your private key to the live wallet. This can be accomplished through a process known as “importing.” Most live wallets have a category called “cold wallet” or “manual import” There you will be able to link your private key to your live wallet.
Can I re-seal after breaking the seal?
No. A physical change occurs permanently affecting the processor.
Does Franck Muller know my private key?
No, the private key was generated using 256 bits of high-quality entropy with FIPS-certified True RNG inside the USB, in conjunction with external inputs. Only when the USB is unsealed does the private key become accessible.
Can I get the public key replaced on my watch dial?
Yes, you can ship your watch to Lux Labs to have the QR code replaced
Can I submit my own public address to have on my watch dial?
Yes, you can submit your own QR code
How much does it cost to have the QR code on my watch dial replaced?
The replacement of your QR code costs 895 USD
Can I use an encrypted public address?
Yes, however you will need to submit your own QR code
If it were to get my watch lost or damaged do I lose my Bitcoins
No, your private key is held in your USB which should be safely stored
If it were to get my USB lost or damaged do I lose my Bitcoins
Yes, you should treat your USB like the value of your Bitcoin
Can I make a back-up of my private key?
Yes, however this would require unsealing your USB and making a copy, as long as you do not link your private key to a live wallet, you will still be off-line