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Home WALLET

Coolwallet.io Review: Coolwallet Is Safe & Secure

Bixer Simond by Bixer Simond
11/02/2023
Coolwallet.io Review: Coolwallet Is Safe & Secure
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About Coolwallet.io

Coolwallet.io is the credit card-sized Bluetooth hardware wallet that supports various tokens, including Bitcoin, Ethereum, Litecoin, XRP, ERC20 and many more. This is a mobile hardware wallet that is designed to look and feel like a credit card, fitting inside your wallet. How does it stack up? Keep reading for a full hands-on review.

CoolBitX launched back in 2014, in Taiwan. The founder and CEO, Michael Ou, learned that mobile hardware crypto wallets are the future when hackers managed to break into Mt. Gox and steal cosmic amounts of money shortly after the inception of Mr. Ou’s company.

Coolwallet.io Wallet Points Table

BasicPoint
Wallet NameCoolwallet.io
Available PlatformWebsite
Wallet TypeOnline Mobile Wallet
AnonymityHigh
Easy To UseVery Easy
Currency SupportedBitcoin (BTC) Bitcoin Cash (BCH) Ethereum (ETH) Litecoin (LTC) Ripple/XRP (XRP) ERC-20 tokens
Buy/Sell FacilityAvailable
Address8F, No. 176, Changchun Road, Songshan District Taipei City, Taiwan
Pin Code ProtectedYes
Frequency Of UpdateOnce In A Month
PriceFree
Trust Score8/10
ContactN/A
Official LinkClick Here

How To Install & Send/Receive Coin

How To Download Coolwallet.io

Download Coolwallet Wallet From App Store Of Your Choice . BRD Wallet Available For Android & IOS Device .

How To Setup Coolwallet

It Is Very Easy To Setup . Click On Start Button . After Brief Information  You’ll Be Prompted To Create A Custom PIN Code .After That You Will Get Paper Key Fill It And Save This Key On Safe Place . You Are Done .

How To Send Coin From Coolwallet

Click On Coin Icon Which You Want To Send . Than You Redirect To Transfer Page . Just Fill Receiver Address & Fill Amount Which You Want To Send . And Click On Confirm Button . You Are Done .

How To Receive Coin In Coolwallet

Click On Coin Icon Which You Want To Receive , Than Click On Receive Button , You Will See Your Coin Address Copy It And Share With Payer That It

How does a CoolWallet work?

Like any hardware wallet, a CoolWallet holds your coins in ‘cold storage’ to keep them out of the reach of hackers. They are designed to cater to a smartphone or tablet-based audience, as can be managed through Bluetooth connection through native Android or iOS apps.

As a hardware wallet, a CoolWallet stores private keys to secure the holding of several cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple/XRP, and Bitcoin Cash. They enable users to manage their funds and private keys on the go, and are the size of a regular credit card.

Wallet Setup

Getting started with the wallet is quick and painless, you can have it done in under 5 minutes. Connection is made via Bluetooth which pairs almost instantly. The CoolWallet has an AES256 (Advanced Encryption Standard) encrypted Bluetooth connection to communicate only with the authorized device. The tamper-proof CC EAL5+ chipset also provides full control over your crypto assets.

The Coolwallet.io S only transmits non-essential transaction information. Even in the highly unlikely case that the Bluetooth encryption is cracked, neither the private key (protected by a secure element as you will know) or any important information will ever be exposed. A seed phrase for backups is set using your phone, or directly on the card for added security. It’s really easy to scroll through using the screen on the wallet itself.

To check the seed phrase is correct, you then need to add up all the numbers and input the total outcome. This could expose your phrase a little if you require a calculator (which you probably would). It actually took me three times to get this calculation right. The numbers are very complicated (e.g. 61346, 52488, 40718, etc.) and when you add up 16 numbers, you tend to make some mistakes, I guess.

CoolWallet uses numbers to ensure that non-native English speakers don’t make any spelling mistakes, for example, writing to instead of too, or fire instead of file. One could argue this is worth the hassle overall. Most calculators are on internet-connected devices like phones or laptops so be a little careful.  Once the seed phrase is confirmed, you are up and running.

CoolWallet S Mobile App

The wallet is controlled using the app so its functionality is a really important feature. There are three main tabs to look at within the platform – Wallet, Receive and Trade (or “Send” on iOS).

What devices is a CoolWallet compatible with?

CoolWallet can be used by any device that has Bluetooth enabled, but it is designed to be used with native Android and iOS apps. You can therefore use it best with:

  • Smartphones
  • Tablets

Which cryptocurrencies are supported?

CoolWallet is a hardware wallet that can help store your private keys for 5 of the most popular cryptocurrencies:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Ripple/XRP (XRP)
  • ERC-20 tokens

Bitlox Wallet FAQ

Is CoolWallet Wallet Is Free ?

Yes CoolWallet Wallet Available For Free Of Cost To All User .

Is CoolWallet Customer Support Available ?

Yes CoolWallet Customer Support Available .

Is CoolWallet Wallet Support ERC-20 Token ?

Yes CoolWallet Wallet Support ERC-20 Token .

Is CoolWallet Provide Private Key ?

Yes CoolWallet Wallet Provide Private Key . You Can Setup Private Key During Setup Of BRD Wallet .

How to Backup CoolWallet ?

You Can Back Your CoolWallet Wallet From Recover Key .

How Does CoolWallet Calculate Transaction Fees ?

CoolWallet has its own fee calculation system. It’s based on the current fees on the Blockchain network, in order to save you the most money by having you pay the lowest fee possible.

Is CoolWallet Wallet Work Worldwide ?

Yes CoolWallet Wallet Work Worldwide .

Tags: Coolwallet.ioHow It Work CoolWalletHow To Login CoolWallet
Bixer Simond

Bixer Simond

Bixer Is Long Term Writer & Editor At Woodfi . His Hobby Is Writing Article For Wootfi Visitors . His Main Focus Area Is Crypto , Affiliate , Blockchain , NEFT , ICO . In Free Time He Loves To Research New Things

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All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - [email protected] .