For the last couple of years, the use of cryptocurrency is spreading. Every day a large number of people are being involved with cryptocurrency. People are investing with cryptocurrency, trading with cryptocurrency even in some places payments are done with cryptocurrency.
In cryptocurrency, Wallet is an essential factor because people use their wallet to store their cryptocurrency. As most of the cryptocurrency wallets are Blockchain based and online, there are some issues of security. Many investors and traders got victims of phishing and hacking and finally lost everything.
To solve this issue, a Taiwan based company called Coolbitx technology developed COOLWALLET in 2014 which is a hardware wallet which is smart-card based that can store cryptocurrencies in both offline and online. Today, We are going to talk about the CoolBitX’s CoolWallet S.
My dear readers, Let’s see what we are going to discuss in this post:
• What is the CoolBitX’s CoolWallet S?
• Existing Problems in Cryptocurrency Wallets
• Solutions by the CoolBitX’s CoolWallet S
• Unique features of CoolBitX’s CoolWallet S
• How to use CoolBitX’s CoolWallet S?
• Team
What is the CoolBitX’s CoolWallet S?
CoolBitX’s CoolWallet S is a cold storage hardware wallet that works with Android and ios to store cryptocurrency on it. It is a credit card shaped mobile cold storage cryptocurrency wallet that is slim, light, portable and easy to use.
CoolBitX’s CoolWallet S offers to store Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, and ERC20 Tokens quickly at any time, any location, and with anyone. One of the essential features of Coolwallet is it offers an utterly anonymous service that's why users can have secure investments, as well as users, can securely control over their cryptocurrencies as no registration is required. Most importantly, using CoolWallet S hardware wallet users will be able to quickly move around with their digital hardware wallet in the form of a simple electronic card anywhere they go.
Existing Problems in Cryptocurrency Wallets and Solutions by the CoolBitX’s CoolWallet S:
Problems:
The problems can be showed in two types:
- Issues with the online wallet
- Issues with the hardware wallet
1. Issues with the online wallet:
In the existing cryptocurrency wallets, there are many problems.most of the wallets are blockchain based online. There are many security issues as well as the slow process. The rate of phishing and hacking victims are increasing at an alarming rate. Also, restriction and lengthy transactional process with high fee is a common problem in online wallets. Also, Many of them don't support multiple cryptocurrencies. Many wallets don't have any mobile applications.
2. Issues with the hardware wallet:
On the other hand, in the hardware wallets, there are some problems too. In hardware wallets, users need to connect their wallet through USB cables. The wallets are not entirely portable, and some of these are not rechargeable and short-time durable battery.
Many hardware wallets don't support multiple cryptocurrencies too, and many of them don't have any mobile applications.
Solutions by the CoolBitX’s CoolWallet S:
CoolBitX’s CoolWallet S offers their users to store their cryptocurrencies both online and offline.
CoolBitX’s CoolWallet S supports multiple currencies. Currently, it supports Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, and ERC20 Tokens.
CoolBitX’s CoolWallet S offers a flexible and durable credit card shaped hardware wallet which is entirely portable.
CoolBitX’s CoolWallet S supports Bluetooth and Wireless technology to connect hardware wallet.
CoolBitX’s CoolWallet S has mobile applications for both Android and iOS.
The Unique features of CoolBitX’s CoolWallet S?
Here are some unique features of CoolBitX’s CoolWallet S that would help to pick CoolBitX’s CoolWallet S :
1. Strong Security:
CoolBitX’s CoolWallet S offers strong security to customers. Thus they can have secure control over their stored cryptocurrencies. It works too faster, and cryptocurrency can be stored both offline and online.
2.More convenient :
CoolBitX’s CoolWallet S wallet is more convenient than any other hardware wallet because of its credit card shaped compact wallet.
3. 2 FA Authentication:
To keep users stored cryptocurrency more secure, it offers 2FA verification system.
4. Bluetooth and Wireless:
CoolBitX’s CoolWallet S has both Bluetooth and Wireless features in their hardware wallet thus it can be connected to multiple pc and mobiles.
5. Easily Portable:
The CoolBitX’s CoolWallet S hardware wallet is very slim and looks like a credit card shaped hardware wallet which is easy to use and portable.
6. Rechargeable and longlasting battery:
The CoolBitX’s CoolWallet S has a rechargeable and two years long-lasting battery.
7. Supports Various Cryptocurrency:
CoolBitX’s CoolWallet S supports multiple currencies. Currently, it supports Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash.
8.Supports ERC-20 tokens:
The ERC-20 tokens are spreading too faster. CoolBitX’s CoolWallet S supports ERC-20 supported tokens.
9.Mobile Wallet App:
The CoolBitX’s CoolWallet S supports mobile wallet app that is with a user-friendly interface.CoolBitX’s CoolWallet S has apps for both Android and iOS.
How to use CoolBitX’s CoolWallet S?
First of all, users need to buy the product
After purchasing the product; users need to add or transfer supported cryptocurrencies to the new wallet.
The wallet works with any device that has Bluetooth or wireless
Finally, users can use Coolwallet anywhere they want.
To use CoolBitX’s CoolWallet S users need a credit card with a computer or a smartphone or a tablet to work. The product has a guarantee of 12 months. Using the app, users can pay any merchant that deals with supported cryptocurrencies anywhere.
Team:
More about CoolBitX’s CoolWallet S:
To know more about CoolBitX’s CoolWallet S, please visit:
Website: https://coolwallet.io
Reddit: https://www.reddit.com/r/CoolWallet/
Telegram: https://t.me/CoolWalletS
Twitter: https://twitter.com/coolwallet
Facebook: https://www.facebook.com/coolwallet/
Conclusion:
Finally, I want to say that CoolBitX’s CoolWallet S is a revolutionary product which can be easily used at any place to pay bills where merchants support its cryptocurrencies.i'm optimistic that CoolBitX’s CoolWallet S will take the cold storage wallet to an extra dimension by their convenient product and robust security features.
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