Crypto has been spreading in the air in the past years and it has gained huge popularity in a very short time. It has lead to many people with interested to invest into crypto. For holding various crypto assets a special wallet is required. Every investment even a wallet has risks. A wallet with poor security can be hacked anytime and can lead to a big fund loss. For crypto, a secured, trusted and convenient wallet is very much needed for every investor. This leads to a cold storage wallet or to hardware wallet. And yet many of these wallets are not trusted or liked by the investors because of some problems and inconveniences. How the crypto is spreading, a secured wallet can have a great impact.
This time it's about a wallet called CoolWallet S made by CoolBitX with some of the amazing features which are very attractive to crypto investors.
What is CoolWallet
CoolWallet S is a hardware wallet with the capability of the Cold Storage. CoolWallet is a mobile app that can be found on Android or iOS. The wallet also comes in the form of a card which can be managed through the app. CoolWallet can store various crypto and keep them safe without any kind of risks at all.
CoolWallet started with only as the bitcoin cold storage wallet. As time passed many other currencies were added. Some of them are LTC, ETH, ERC20 tokens Ripple, Bitcoin Cash and many more to come. The Coolwallet can offer a very secure cold storage service for crypto to keep the funds safe for a long time without the risk of losing funds or getting hacked. It is completely anonymous and unhackable. The interesting part of this wallet is it can offer smooth transaction with the help of the special card and keeping it simple.
Existing Wallet and the Problems
First of all, there are many kinds of wallet available for use. Every one of them has their own purpose and their own advantages. Some of them are paper wallet, online wallet, hardware wallet, steel wallet and many more. They all can be divided into 2 parts and they are the part where the problem exists.
Online Wallet
The Online wallet is exactly what it sounds, a web-based wallet. The online wallet is the most time a centralized system means the private key is centralized. This kind of wallet is very easy to use and user-friendly. But the problem is in the security. The online wallet has a very poor security compared with other kinds of wallet and it is hackable in different ways. For example, a phishing site, a DNS attack and many more and the rate of this attacks are increasing day by day. One can lose millions in just glimpse. In simple words, by using an online wallet one is sacrificing security for easier interface.
Hardware Wallet
Hardware wallet is currently the one and only kind of wallet that offers the highest security when holding or saving crypto assets. They are used worldwide and have a very top notch security. They basically come in a USB and that's where most time everything is stored. To access the wallet one needs to connect the USB. The problem here is even though it has the highest security possible, the USB is what creates the most problem. For example, if there's a battery problem, USD malfunction, internet problem and other things, it can lead to a huge time cost for a single transaction. After that, setting up everything, maintaining they all take time. In simple words, secure but not convenient. Also, it doesn't let anyone do too many transactions frequently.
What CoolBitX Offers
CoolBitX product the CoolWallet S has many things to offer. Some of them are
Powerful Security
The CoolWallet provides a very high powered security to protect the funds that are inside it. With their end to end encryption and the need of the actual user of the wallet when in need of transaction provides the ultimate security to the funds. There will also be a 2FA verification for users to trust the system completely
Conveniency
CoolWallet will have a very friendly yet advanced interface to understand. Then there will be the hardware wallet and the card-shaped wallet to make the use of the wallet in a more diverse and simple way.
Wireless
Everything about the CoolWallet is very much wireless and there will be an included service of wireless and Bluetooth. With these two it will be possible to access the wallet in a more convenient way.
Hardware Wallet
The hardware wallet of CoolWallet S is a credit card sized smart card. This is fortified by the Secure Element Chip. It's designed in a familiar user interface. Also being only small as a credit card it offers flexibility and it makes it very easily portable and easy to set up with the highest security.
App
CoolWallet has an Android and iOS app. This allows everyone to use their service right at the tip of their finger. Being two of the most used operating system, most people around the world will be able to access this. With the app, it will be possible to complete a transaction with just a QR Code which will be fast and secure. It is also a tool for the security.
Other Currency
CoolWallet will be compatible to hold not bitcoin but also some other currencies as well. Some of the currencies are Litecoin, Ethereum, Ripple, ERC20 tokens and some other and will keep adding in future.
Why Choose CoolBitX's CoolWallet
There's plenty of reason why one should choose CoolWallet over other cold storage wallets. Some of them are below
• CoolWallet has the highest security possible
• Easy to use
• Better Cold Storage service
• Hardware wallet easy to understand and portable
• Wallet available on Android and iOS
• Advanced features with a simple interface
• Rechargeable Battery with long-lasting power
• CoolWallet services available both offline and online
• Bluetooth usage and wireless
• Easy and fast transaction system
• Very flexible Hardware Wallet
• Supports multiple currencies other than bitcoin
• Wallet unhackable
These features are very attractive as a cold storage service provider. These are the main reasons why one should change to CoolBitX
Team
Conclusion
CoolBitX is taking the crypto Cold Storage service to a new level. They have implanted many good advantages and removed some inconveniences people face while using these services. So in the end, they have created a revolutionary product.
You can find more information about CoolBitX from here
Website: https://coolwallet.io/
Facebook: https://www.facebook.com/coolwallet/
Twitter: https://twitter.com/coolwallet
Telegram: https://t.me/CoolWalletS
Reddit: https://www.reddit.com/r/CoolWallet/
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