The cryptocurrency market is on another rollercoaster ride.The prices of main digital currencies like Bitcoin and Ethereum have nearly doubled over the past year.
As interest in cryptocurrencies grows, securing digital assets has become a paramount concern for enthusiasts and investors alike.The rising value of cryptocurrencies makes them attractive targets for online scammers and criminals.
Hardware wallets are among the main tools for protecting cryptocurrencies.Also referred to as “cold wallets,” hardware wallets are physical devices designed to store private keys offline, away from the reach of hackers.
In contrast, online wallets store private keys on the wallet provider’s servers.If the servers get hacked, the customers’ funds get stolen.(Private keys are the important piece of information that proves you own and can transfer your cryptocurrencies.
Losing your private keys is equivalent to losing your money.)
CoolWallet Pro, the successor to the CoolWallet S, is a credit card-sized hardware cryptocurrency wallet that provides the right combination of convenience and security.
What is CoolWallet Pro?
The CoolWallet Pro is the size of a credit card, with dimensions of 85.6 x 53.98 millimeters.
It is 0.8 millimeters thick, weighs 6 grams, and easily fits into your wallet along with your other credit cards.
The card comes with a mobile app available on Android and iOS devices and lets you manage your cryptocurrency funds.The CoolWallet Pro connects to the app via Bluetooth to sign and approve transactions.
The CoolWallet Pro has a monochrome e-paper display for showing information about connections and transactions.It is powered by a lithium-ion battery and is charged with a charging dock that comes with the package.It takes two hours for a full charge and the battery lasts about two weeks if used for a couple of transactions every day.
Support for cryptocurrencies
One of the main advantages of CoolWallet Pro is its support for a wide range of cryptocurrencies and blockchains.As of this writing, it supports over 30 main chains and more than 12,000 custom tokens on several blockchains such as Ethereum (ETH) and Binance Smart Chain (BSC).
Some of the popular cryptocurrencies supported by CoolWallet Pro include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Ripple (XRP), USD Coin (USDC), Dogecoin (DOGE), Litecoin (LTC), and Zcash (ZEC).
The CoolWallet Pro also supports various types of tokens, including ERC-20, BEP-20, and TRC-20 tokens.It also supports all ERC-721 and ERC-1155 NFT tokens.
You can see a full list of the supported assets
here.
Security
The CoolWallet Pro offers several standout security features to ensure the safety of your digital assets.
The CoolWallet Pro uses a CC EAL6+ certified secure element.
A secure element is a dedicated microprocessor chip designed for storing, processing, and protecting sensitive information such as private encryption keys and biometric data.The EAL6+ is one of the highest security standards in the industry and is superior to the EAL5+ found in other hardware wallets.The card has also been designed in a way that if disassembled, it will become inoperable, making it impossible for malicious actors to tear it down and extract information.
CoolWallet Pro also uses an encrypted Bluetooth connection for Android and iOS to prevent manipulation or theft of information.It is worth noting that the private keys never leave the card and only transaction confirmation data is exchanged between the card and the app.
The CoolWallet app also supports biometric authentication to approve transactions, which adds a layer of security.It also actively scans DApps and
smart contracts to spot and block phishing scams.
However, it is important to note that no matter how secure your wallet is, its recovery phrase is just as important.
The recovery phrase can help you (or a malicious actor who lays their hands on it) to restore your private key on a new wallet.The CoolWallet Pro package comes with two recovery phrase cards.Make sure to fill them when you set up your wallet and store them in a safe place.
At $149, the
CoolWallet Pro is a sophisticated yet user-friendly wallet that offers security, convenience, and versatility, suitable for both crypto newbies and veterans..
