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Not sure which crypto wallet to use? Our cool wallet crypt Pro review covers everything you need to know about this popular option.
Are you looking for a secure, convenient way to store your cryptocurrency? Look no further than the cool wallet crypto Pro.
This revolutionary wallet was designed with security and convenience in mind, allowing users to access their digital assets from anywhere in the world.
In this article, we will review how CoolWallet Pro works and discuss its features and benefits.
We'll also explore whether or not it is a safe option for storing your crypto investments.
By the end of this article, you should have a better understanding of how cool wallet crypto works and if it is an ideal solution for your needs.
CoolWallet Pro : What Is It?
A cold wallet called the CoolWallet Pro will be available in May 2021. Users can transmit, save, and receive a variety of digital currencies using the hardware wallet.
The wallet is created by the renowned CoolWallet S manufacturer CoolBitX, a Taiwanese IT business.
The CoolWallet Pro is intended to be the CoolWallet S's next-generation replacement.
The former is more concerned with offering an easy way to store and sell cryptocurrency, whilst the latter is more concerned with cutting-edge software created to boost security and enable users to earn cryptocurrency through staking.
Cool wallet crypto : Features & Benefits Reviewed
Portable and suitable for travel
Because it is the same size as a typical credit card, the CoolWallet Pro hardware wallet is portable.
The wallet weighs 6 grams and is 0.8mm thick, so it can easily fit in a pocket or wallet.
The CoolWallet Pro is water-resistant and tamper-proof for increased toughness while traveling.
Stake & Supported Assets.
In order to receive cryptocurrency benefits for keeping funds on the device, ERC20 tokens can be staked using CoolWallet Pro, a multi-currency wallet.
To earn staking incentives on Cosmos, Tron, and Polkadot, users can mine these POS tokens.
The most well-liked staking coins, including Tezos, Cardano, and ETH2.0 tokens, are supported by the CoolWallet website.
However, due to its small range of tokens, CoolWallet falls well short of the best staking wallets and exchanges.
Link To Mobile Devices .
Controlling digital assets that are securely kept in a hardware wallet is a crucial factor.
Cryptocurrency owners can use Bluetooth pairing with an Android or iOS device within a 10-meter range using the CoolWallet Pro.
Additionally, it serves as 2FA with support for biometric login for added security.
Investors in cryptocurrencies can exchange, trade, swap, and check their balances on a mobile device that is connected to a cold storage device to validate the transaction.
increased security
It's crucial to utilize a hardware wallet for cryptocurrency because software wallets and crypto exchanges are vulnerable to hacking.
With the installation of the CC EAL 6+ Military grade security chip, the new CoolWallet Pro has improved its security features.
This is an upgrade over the EAL 5 security chips-equipped CoolWallet S and Ledger Nano X.
To create a safe wallet for the protection of valuable assets, a rigorous development approach and bank-like security engineering methodologies were used to create the chipset.
CoolWallet Pro is the ideal bitcoin owner's companion since it combines practical daily use with strong security features.
helps NFT Trading & Storage.
The developers of CoolWallet take pleasure in their work, claiming that their solution is "the first hardware wallet to offer in-app NFT trading functions." They should, since this is a major event!
Market share-wise, there are a few big names in the world of NFTs.
OpenSea and Rarible, however, are two of the market's leaders (the former is one of the very first NFT marketplaces on the market, while the latter mostly deals with Binance Chain-based tokens).
The CoolWallet Pro incorporates both of these systems.
As a result, the wallet provides its users with the option to trade (buy, sell, exchange, and store) NFTs directly from the convenience of the wallet's digital interface, saving them the trouble of traveling to the relevant marketplaces.
Observations on Poor Battery Life
A further key aspect to think about is the product's battery life, which is one that is frequently brought up in customer reviews of the CoolWallet Pro.
In particular, many internet users complain that it's just decent; some claim it should last up to 3 weeks (when unused), while others suggest even shorter times.
A battery life of about three weeks might seem like a good amount of time.
However, things are a little less impressive when compared to some other hardware wallets available on the market. Positive.
For instance, the Ledger Nano X wallet is said to last for a few months, while the Trezor Model T should have a similar lifespan. There is a noticeable difference!
You must assess whether or not the difference has any significance.
The shorter battery life can be an inconvenience, even if it's only a tiny one, if you want to use the CoolWallet Pro frequently.
On the other hand, if you don't mind charging the wallet a little more regularly, this entire idea can also appear pointless.
CoolWallet Pro price
Although the cost of CoolWallet Pro is a completely other subject, some consumers frequently include it in the "con" part of their reviews.
What makes that so? Well, for one thing, the wallet is really rather expensive.
The CoolWallet Pro would cost you $149 if you bought it from the company's official website (which, to be fair, is the only place where such things should be purchased from).
But keep in mind that this is just the beginning price. The cost would increase noticeably if you wanted to add more items to your order, such as more chargers, Billfodls, or cardholders.
So, as you can see for yourself, the pricing of CoolWallet Pro isn't exactly... the smallest hardware cryptocurrency wallet available. It actually compares favorably to the Ledger Nano X.
However, it truly puts things into a fascinating perspective when you consider that the Trezor Model T costs over twice that! In contrast to some of the industry titans, CoolWallet isn't a particularly well-known business, despite the fact that it has been around for a while.
However, those same giants can charge some pretty high prices for their products, so if you're seeking for less expensive solutions, the CoolWallet Pro price does make sense.
Which coins are supported by cool wallet crypto Pro ?
The CoolWallet Pro supports ERC-20 and TRC20 tokens including USDT, USDJ, JUST, WBTT, and WIN and stores 16 popular cryptocurrencies. which is three more than the CoolWallet S model from earlier.
In the near future, CoolBitX plans to increase its support for ETH 2.0, Tezos, and Cardano, which also means that users will be able to invest these coins.
App cool wallet crypto Pro
An encrypted Bluetooth connection with a 10-meter range is used by CoolWallet Pro to connect to a device without the requirement for an internet connection.
The wallet can be communicated with via the CoolBitX app. Additionally, it performs as it should, with a current Google Playstore rating of 4.5/5. The program allows users to exchange coins, send and receive cryptocurrency, and check their wallet balances.
What is included in cool wallet crypto bundle ?
You will receive a well-packaged box when you purchase a CoolWallet Pro that is sealed with a tamper-evident sticker and is wrapped in plastic.
As an unbroken security label is evidence that the package has not been tampered with, this practice is accepted in the business. Nothing extraordinary, but it's always encouraging to observe.
The following list of things is included:
- CoolWallet Pro
- USB charging dock and cable
- User manual
- Recovery seed cards (2)
I also advise against buying the CoolWallet Pro through a non-official retailer as it could have malware installed, resulting in your funds being stolen.
Coolwallet s vs pro
I've repeatedly emphasized in my CoolWallet Pro review that the S, another CoolWallet product that had the company's flagship status, was really succeeded by the Pro.
Both wallets may initially seem to be quite similar. They are, at least from a visual standpoint, to some extent.
If both CoolWallet Pro VS CoolWallet S were put in front of you, you might assume they are the same wallet if you ignore the different color schemes and visual design components.
When you start digging into the specifics, however, things start to seem very different.
Beginning with the fact that the new and better CoolWallet Pro contains the EAL 6+ security chip, as opposed to the original CoolWallet's EAL 5+ CSE.
The latter offers superior security protections, but the former isn't exactly laughable either (Ledger, for instance, uses it in their wallets).
Furthermore, staking, trading, and storage of NFT are not supported by the previous version of the wallet.
When comparing the two CoolWallet Pro VS CoolWallet S products, it's important to note that both wallets allow numerous cryptocurrencies and dApp connection.
The price of the original CoolWallet starts at $99. Thus, it is roughly $50 less expensive than the new version. Overall, I would concur with the user CoolWallet Pro reviews that say the new CoolWallet is a superior option despite the larger price difference.
Additionally, it is theoretically lot more secure, which is a significant factor, and it provides more functionality!
CoolWallet Pro VS Ledger Nano X .
In this review, the name Ledger has already been mentioned a few times. Ledger Nano X, as I've already mentioned, is widely regarded as the best hardware cryptocurrency wallet worldwide.
Next, then How do Ledger Nano X and CoolWallet Pro compare?
Ledger's user interface, the Ledger Live, provides users with an unrivaled experience right away. It's software that you use in conjunction with the hardware wallet itself (or a mobile app).
With just a touch of a button, users can manage their portfolios, buy and sell cryptocurrencies, and view the changes in the value of their assets!
The fact that Ledger devices support more than 1800 distinct crypto currencies and tokens is another crucial factor to take into account.
While CoolWallet Pro enables users to store a wide range of different assets, Ledger appears to have the edge when it comes to the actual on-interface interaction with those assets.
When comparing CoolWallet Pro VS Ledger Nano X, security is the feature that most user evaluations of CoolWallet Pro focus on the most.
In particular, as I've already said, Ledger makes use of an earlier generation of EAL chips. In turn, this advances the security features of the CoolWallet a little.
It's important to note that, in the case of these two particular wallets, this element is somewhat arbitrary. This is so because, like the CoolWallet, the Ledger wallet has never experienced a security breach or hack.
One incident involving its shopping portal happened, but that's a bit of a separate subject and has nothing to do with the security of the hardware wallet itself.
Therefore, even though the CoolWallet may have greater security measures, this aspect should only be considered if you're highly concerned about even the tiniest security aspects and want to receive the finest bargain possible in terms of asset safety.
Ledger and CoolWallet Pro do offer comparable functionality aside from two very different physical device design routes.
That's undoubtedly noteworthy: transaction confirmations, Bluetooth connectivity, mobile support (for iOS and Android), dApp and trading tools, etc.
Overall, the CoolWallet Pro is a premium product that can compete with the Ledger Nano X, even though Ledger continues to be among the clear leaders in the hardware wallet sector!
Most Commonly Asked Questions
Is Cool wallet crypto Pro safe?
One of the most secure hardware wallets is the CoolWallet Pro, which has the CC EAL 6+ security chip.
This chip outperforms the hardware of the CoolWallet S, its prior model, as well as rival products like the Ledger Nano X, which uses the CC EAL 5+ chipset.
There haven't been any known instances of security lapses or hacking on the CoolWallet products up to this point.
What Blockchains Can I Start Staking on?
Staking will be supported on the blockchains Cosmos (ATOM), Tron (TRX), and Polkadot at the time of introduction in May 2021. (DOT). According to the business that created the CoolWallet, other blockchains will soon be made available for staking.
When Will Support For DeFi, Dapp, and NFT Be Available?
In Q3 2021, CoolBitX intends to make support for DeFi, Dapps, and NFT available for the CoolWallet Pro.
Final Thoughts
Cool wallet crypto Pro is a great choice for those looking to store their crypto securely and conveniently. It offers users the ability to securely store, manage, and transfer cryptocurrencies with ease.
The device also features a variety of security measures such as two-factor authentication, biometric authentication, and secure element technology that ensure your funds remain safe.
Additionally, its user-friendly interface makes it easy to use even for beginners.
All in all, the CoolWallet Pro is an excellent option for those looking for a secure way to store their cryptocurrency.
Tag:
Crypto-Wallets
