Introduction
Cryptocurrencies are changing the way businesses are being conducted all over the world. In fact, many industries are adopting digital assets like cryptocurrencies as a major form of payment and transaction. However, the crypto world is embattled with different issues relating to security and transparency. Today, cryptocurrency exchanges and address are prone to attacks by hackers and scanners. This has spawned the production of hardware crypto wallets to safeguard digital assets. Digital wallets are the safest course of action for any digital asset holder. It's extremely safer than cryptocurrency and its impervious to hacking attempts through its mnemonic-supported Security. To get the optimum security, it's best to try out hardware wallets like Cool Wallets
What is Cool Wallets
This is unarguably one of the first wireless cryptocurrency hardware wallet. Although it's a bit unpopular in some circles, this wallet features some of the best security features available. The CoolWallet is a far cry from the TREZOR and Ledger Nano S, which requires connection to a computer system or any device utilizing Bluetooth and NFC. CoolWallet's wireless features makes it impervious to hacking through computer malwares and virus. Besides this, CoolWallet closely resembles your credit card, hence it is easier to carry around without any inconvenience. Iy addition to this, CoolWallet cold storage hardware is not limited to just storing cryptocurrencies, it also functions as an utility card. Besides storing both public and private keys, CoolWallet is suitable for storing bank details, IDs, passwords, and medical records. CoolWallet is also designed to function with a CoolWallet app on both android and iOS systems. It comes with simple instructions, and doesn't require a technical knowledge of the crypto world.
Recently, CoolBitX; the operating system of CoolWallets announced a collaboration with a decentralized exchange;JOYSO. Therefore, users will be able to trade directly on the cold storage wallet. Users can now trade their Ethereum, Bitcoin and Litecoin on JOYSO's hybrid cryptocurrency exchange on the CoolBitX's hardware storage.
How To Use CoolWallet
CoolWallet hardware storage wallet comes in an attractive package that contains a USB connection, the Card's charger, and a blank seed card. The Card comes with residual charge but it's best to charge before use. Connect the USB cord to the card's charger and plug in the card into the thin slot. Download CoolWallet app on either your android or iOS device,and pair your device with the card in order to get your serial number. You can create a new wallet or restkra an existing one after pairing with your device. Mind you, the whole transaction is done via an encrypted bluetooth connection. To create new wallets, you are given a set of seed length that's different from the conventional mnemonics. CoolWallet requires you to add up these numbers,in order to verify the seed. In addition to this, CoolWallet supports BIP 39 protocol which enables users to restore their funds into any BIP 44 alternative storage.
Features of CoolWallet
Improved Mobility
The CoolWallet hardware wallet is definitely an improvement from the early bulky cold storage wallets that once dominated cryptocurrency markets. This device is slim, sleek, and extremely light. In fact, you can easily slip it into a wallet. Besides this,it is flexible and you don't have to worry about damage via folding.
Supports Multiple Cryptocurrencies
With this hardware storage wallet, there's no need to purchase an additional wallet device for different cryptocurrencies. Presently, CoolWallet provides support for Ethereum, Bitcoin, Litecoin, Bitcoin Cash, Ripple, and ER20 cryptss. More cryptocurrency options are also added every month.
High Durability
Despite its thin and flexible build, CoolWallet is sturdy, impact-resistant, tamper-proof, and water-proof. The aforementioned features makes it an excellent hardware storage wallet for long-term use and storage. In addition to this, it has a battery life expectancy of up to 2 years, and it's rechargeable.
Mobile App
The CoolWallet mobile app helps to safeguard the funds and identity of the user. It can be downloaded from both Android and iOS systems. The mobile app has user-friendly interface and allows you to safeguard your transactions.
Encrypted Bluetooth Connection
Bluetooth technology raises the standards of security and efficiency of cryptocurrency transactions. It is impervious to attacks from malwares and viruses from computers. In fact, wireless hardware storage wallets are one of the safest ways of securing your funds.
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/
bountyOX; cryptobaby