In this article: CoolWallet S review, we’ll come to understand how a hardware wallet can protect your assets with major security features.
In general, hot wallets aren’t the best place to keep your assets. Because of many reasons, most importantly is the internet.
To clarify, malicious software can compromise any software. And due to the connection of devices through the internet, it’s no longer safe to keep your private keys online. But what’s the alternative?
Hardware wallets have proved to be efficient and secure when making transactions and keeping your private keys. Also, it’s never connected to the outside world, and if it did, it’d be an end-to-end encrypted connection.
Table of Contents
- About CoolWallet.
- Getting Started with CoolWallet S.
CoolWallet S is one of the most secure crypto hardware wallets for Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and ERC20 Token. Keep all your private keys safe from the internet and malicious software.
Also Read: KeepKey Review and Best Alternatives.
CoolWallet comes with the basic features of any hardware wallet. However, it’ll be efficient and secure for your assets.
Encrypted Bluetooth Connection.
On CoolWallet, Bluetooth is used for communication between your CoolBitX app and CoolWallet; we know that Bluetooth’s connection in hardware wallets may raise some concerns. CoolWallet S uses military-grade AES256 encrypted Bluetooth to communicate with CoolBitX App. Furthermore, The CoolWallet S and your phone will only connect if it is turned on within 10m of each other and requires a secure pairing passcode to communicate.
CoolWallet S is water-proof. However, it’s not recommended to keep CoolWallet S under water for more than 1 hour.
Send and Receive Crypto.
By using CoolBitX app on your phone you can seamlessly send and receive transactions.
2+1 Factor Authentication.
To insure that your assets are safe, use 2FA. Furthermore, Biometric and physical 2FAs are both available.
You can swap cryptocurrencies using the CoolBitX app; therefore, you’ll never miss a trade.
CoolWallet S comes with a premium design. Moreover, CoolWallet S design makes it easy to carry and use as it is almost the same size and thickness as a credit card.
The majority of users will find their preferred coin supported by CoolWallet S; however, we think CoolWallet should support more coins in the future as Many other competitors support much more coins.
You can take a look at the supported crypto and tokens below.
What Happens if I Lose My CoolWallet S?
Just like any other hardware wallet, CoolWallet S generates a seed phrase during its setup process. You can recover your hardware wallet using that seed phrase, and you can recover it into another CoolWallet S device or any other compatible software wallet.
Is CoolWallet S Safe for My Assets?
In this CoolWallet S review, we found CoolWallet S as one of the most secure and safe hardware wallets for your assets.
You can keep track of all your assets using their CoolBitX app. The connection between your phone and CoolWallet S via Bluetooth is nothing to worry about as it is safe and secure.
Is CoolWallet S Easy to Use?
Yes, only with CoolBitX app you can send, receive, and view your portfolio.
How Does CoolWallet S Work?
Install CoolBitX app on your mobile phone, then pair it with your CoolWallet S device. Now, you can make transactions with your CoolWallet S hardware wallet.
What’s CoolWallet S Pricing?
CoolWallet S has a very competitive price, and you can get CoolWallet S for $99. However, if you buy 2 CoolWallet S devices, you can get each for $79. Also, you can get CoolWallet S Here.
What Comes Inside CoolWallet S Box?
- CoolWallet S
- A charging dock
- 2 Seed recovery cards
What Are CoolWallet S Hardware Specs?
- Credit card size 85.6(L) x 53.98(H) x 0.8(T)mm
- Button Material: 1 metal dome button Feedback: Tactile
- Battery: Contact Charging: 2 hours to full charge
- Battery Life: Regular Use (~2 Transactions Per Day) roughly 2 Weeks
- Standby Life: 3 Months.
- Battery Material: Lithium-ion rechargeable battery Volt: 3V Capacity: 15mAh
Getting Started with CoolWallet S.
After getting a CoolWallet S device here, you need to get started with it and set up your wallet. In this CoolWallet S review, we’ll take you through the process of setting up and using your new hardware wallet.
Download CoolBitX App
Firstly, to use CoolWallet S you need to download CoolBitX app from their website.
Initialize CoolWallet S.
Secondly, you need to initialize your CoolWallet S device then pair it with CoolBitX. Also, CoolBitX will take you through setting up your new wallet or recovering your old one.
Proceed with Transactions.
Now, after setting up your device, you’re free to proceed with sending or receiving transaction using CoolWallet S.
To send crypto, on the CoolBitX app, click on ‘Send’ and then enter the recipient’s address. And, for receiving transactions, you can click on ‘Receive’, then you can copy your address or scan it via QR code. Also, you need to use the button to confirm each transaction you make.
This CoolWallet S review gave us a unique impression about the CoolWallet S device. However, as we mentioned before, we still have some preservations that we will mention in the following pros and cons for CoolWallet S.
- Easy to carry
- Safe Bluetooth connection
- Efficient battery
- Nice design
- Small button makes it hard to use
- Only a few coins are supported
What if you don’t like CoolWallet S? if you’re looking for furthermore features, we’ll provide you with the best possible alternatives for CoolWallet S.
In the end, we’d love to hear from you. So, tell us in the comments section, What do you think of this CoolWallet S review?