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RE: Your Bitcoin, ETH, STEEM, and other Crypto are NOT stored securely.
The only means to bring the private key into existence is by entering a custom secret phrase
How is this different than adding a password on top of recovery phrase for existing hardware wallets? Ledger and Trezor both support adding a passphrase.
This article seem a bit biased and overly supportive of Bitfi. Can you clarify your relationship to Bitfi? Were you paid by Bitfi or anyone (outside of the in Steem upvote system) to write this piece? Who purchased the bid bots for this post?
That's not the main point of difference.
The comparison is of how cold storages retain the private key forever while Bitfi only generates the key for the instant it is needed. Entities with sufficient resources can breach the devices, but while a cold storage would end up providing access to the key, Bitfi wouldn't as there's nothing held within.