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
|Wallet Type||Online Mobile Wallet|
|Easy To Use||Very Easy|
|Currency Supported||Bitcoin (BTC) Bitcoin Cash (BCH) Ethereum (ETH) Litecoin (LTC) Ripple/XRP (XRP) ERC-20 tokens|
|Address||8F, No. 176, Changchun Road, Songshan District Taipei City, Taiwan|
|Pin Code Protected||Yes|
|Frequency Of Update||Once In A Month|
|Official Link||Click 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.
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:
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 .