Review on CoolWallet S by Olugbenga Ajayi
Coolwallet S is strong in terms of security
Coolwallet S was launched by Cool Bitx, a company in Taiwan in 2018. It was of course the world first cold wallet. It was designed like an ordinary credit card that can be easily placed in the pocket.
The hardware wallet and users mobile device are connected via a Bluetooth connection that is encrypted with military standard encryption which can not be intercept by hackers.
It supports many cryptocurrencies like Bitcoin and other major ones. It also supports some altcoins. Users can easily track crypto investments, send, receiveand swap cryptocurrencies.
Usually security is the first to be considered when thinking of a good wallet and in this regard, coolwallet S come first. It uses multifactor authentication system to secure assets. All users of coolwallet S have nothing to be afraid of considering it's insurmountable security system.
Pros
- The wallet is both a software and hardware wallet
- It is waterproof and sleek in design
- It uses rechargeable batteries to keep usage regular
- It uses multifactor authentication system to secure wallet
- It supports many cryptocurrencies and altcoins
- The setup and configuration does not take time
- App is available for Android and IOS users
- There is Bluetooth connection between the wallet and the mobile device. The Bluetooth connection is secured with military standard encryption
- The fee charged is adjustable with the sliding transaction bar on the app
- Private keys are stored in CCEALS+ certified secure elements
Cons
- Since it depends on rechargeable battery, temporary loss of power could make User inconvenient
