With the cryptocurrency development, a hardware wallet is a tool, all of the crypto holders sooner or later will use. But in opposite to the high demand, it is difficult to get a high-quality product - enough to mention “Giza device”the last year hardware wallet which appeared to be a scam. That is why I am glad to intrude you an already existing device which will help to store your currencies: Cool Wallet S.
What is the main reason for using a hardware wallet? With the exchanges being robbed one by one, hardware wallet seems to be a much safer solution for the currency storage. And what makes Cool Wallet S unique is the Bluetooth connection to the smartphone. It means that built inside ‘secure element’ with currencies is almost fully hacking proof (as Bluetooth technology is more difficult to hack), as the inside card with the data, will never get online.
The main bonuses of Cool Wallet besides their Bluetooth connection are: small size – looks like a credit card, physical flexibility, waterproof protection and smart software and firmware (especially important is Secure chip : Common Criteria EAL5+ certified Tamper proof). What makes this wallet a very universal, mobile tool, you can keep in your bag. Of course, if you don’t play safe and lock Cool Wallet S in the safe.
As I wrote before the wallet is paired with the mobile application made for the Android 5.0 and IOS 9.1 or upper numbers. For today the price of the Cool Wallet S is estimated for 189 USD – what makes 5,600 NT $. In a set together with the card goes single power cord & power dock. It is also possible to gain a double set with two wallets and one power cord for 299 USD or 8 800 Net Taiwan Dollar. What makes sense if you want to divide your coins into two stores or you want to make a gift to your love. All packed in a nice looking, elegant box.
Despite promoting themselves as a “bitcoin wallet”, Cool Wallet S allows storing also other currencies like Litecoin, Ethereum, Ripple, Bitcoin Cash, and ERC20 Tokens. Besides, the application has exchange capabilities and free over-the-air updates for future coin, token, and ICO support. And another important information for people who like to protect their privacy, using the Cool Wallet is completely anonymous – no registration, no KYC is needed.
If you are interested in the technical details of Cool Wallet check the picture below:
Project technical description you can find here: https://coolwallet.io/product/coolwallet#Security
Let’s have a quick look at project history. CoolBitX a Taiwanese FinTech company, who stands behind the Cool Wallet S was founded in 2014 by Michael Ou. The first generation of hardware wallets was launched in 2016. This year – 2018 new generation of wallets are available for the purchase.
A while ago, CoolBitX announced a cooperation with JOYSO exchange to allow trading directly on a hardware wallet. The biggest bonus of JOYSO is decentralized structure, what makes it much safer to use than centralized exchanges. Joined forces of Cool Wallet and JOYSO provides more functionality with fewer risks.
I really like the name of this project as word-game. “Cool” in English means not only something great but also chilly, cold. The Cool Wallet S as a hardware belongs to the wallet groups called “cold” and it’s super modern and minimalistic design also fulfil the word’s second meaning. As well as modern “stay cool” meaning take it easy and relax, lays in the Cool Wallet S ideology.
If you would like to learn more about the Cool Wallet check the links below:
Project website: https://coolwallet.io
Social media channels:
Facebook: https://www.facebook.com/coolwallet/
Telegram: https://t.me/CoolWalletS
Twitter: https://twitter.com/coolwallet
Disclaimer: this is NOT investment advice. This is purely my opinion, based on facts found on the project website, whitepaper, social media and etc. Please do your own research and decide if it qualifies with your risk profile.
Anna Hare