Yes it is, you can also connect it with Stargazer as well :)
I have one and love it. My DAG are safe & sound.
How does it work? Is everything then secured in the Stargazer? What about operating a node, etc.?
No, your DAG are still stored in the BitFi, you just can access them via Stargazer - it is similar to how Ledger works with MM. For a validator node you can't use a hardware wallet - you will need to create an own p12 file for it.
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