CoolWallet S Review – The World’s Best Bluetooth Hardware Wallet

CoolWallet S is a mobile hardware wallet. they have designed to look and feel like a credit card, fitting inside you wallet. How does it stack up? Keep reading for a full hands-on review of the CoolWallet S. CoolWallet S is a hardware wallet focused on combining security and portability. The wallet offers a unique credit card style design and is controlled solely from a mobile app via a Bluetooth connection. It is clean and simple to use with a growing cryptocurrency choice plus an inbuilt exchange.

How do use CoolWallet S

Paying for daily goods with your crypto stored in CoolWallet is made simple using BitPay. Now that the CoolBitX Crypto app now fully supports BitPay, you can purchase items by simply scanning the BitPay QR code. BitPay can be found in the Trade section of the app, under the Send tab. Instead of entering an address to send, you can now tap the ‘Pay with BitPay’ icon.

Tapping the BitPay icon will open your smartphone’s camera. This is where you will scan the QR code that a retailer will give you when checking out.

After scanning, our app will retrieve all of the necessary payment information and automatically fill in for you. And that’s it, you’re done! You have successfully made a purchase with your cryptocurrency using CoolWallet S and BitPay!

CoolWallet App

Using the CoolWallet app is pretty intuitive. In the wallet tab, you can view your funds and easily add one of the cryptocurrencies supported by the wallet to the display by configuring the “coin display” option in the settings. Additionally, the wallet is fully integrated with Changelly, enabling trading capabilities within the safety of your cold storage wallet.

Among the best features is the sliding transaction fee bar that allows you to increase or decrease the fee in accordance with desired transaction confirmation time. This sort of option is becoming increasingly common among crypto wallets.

Security

Almost all exchanges and wallet solutions at this point, and even your most basic password-protected accounts like Gmail, offer an auxiliary layer of security through 2-factor authentication (2FA). Seldom addressed, however, is the fact that many users still set up their 2FA for various accounts on a device that is also used to access their crypto assets via an exchange or a software wallet.

It may be unlikely that a hacker could orchestrate a cyberattack that would prove successful, but SIM card fraud, or “SIM swapping,” remains a threat to token holders whose 2FA is enabled through a single device. The CoolWallet S’s approach to multifactor authentication protects against this vulnerability through dual-device authentication with an optional biometric authentication layer.

Features

The CoolWallet S allows you to track your cryptocurrency investments, as well as send and receive cryptocurrencies in the quickest of manners.

The wallet also offers a feature of instantly swapping currencies. This is a great option for traders to have – especially those who partake in short-term cryptocurrency trading.

The CoolWallet S is supported by both iOS and Android. It offers great security, supports all of the main cryptocurrencies and is even.

How To Secure Your CoolWallet S?

There Are A Number Of Ways To Keep The “Bad Guys” Away From CoolWallet S. And Although Cryptocurrency, As A Technology, Has Increased Anonymity And Encryption, The Devices On Which These Funds Are Stored (Phone, Pc, Tablet) Are Much More Susceptible To Hacking. Below Are A Number Of Simple Tips That Can Improve The Security Of Your “Crypto Wallet”.

Step 1 : Store Your Token Pocket Wallet Private Keys Offline: Print Them Out On Paper

The “Hunt” For Your Data Does Not Stop For A Minute, Regardless Of What Gadget You Use, Or What Network You Are Connected To. A Good Idea To Solve Some Of The Problems Associated With The Possibility Of Theft Of Personal Data Is Printed On Paper Keys For The Wallet — A Variant Of Replacing The Software “Assistant”. In This Case, You Will Only Need Paper And A Printer — No Additional Devices Or Gadgets. The Output Will Be A Kind Of Offline Wallet, Represented By A Pair Of Printed Keys. Some Enthusiasts Refer To This Approach As “Cold Wallets”, Because In The End, The Storage Process Takes Place Offline.Paper Wallets Are In Regular Demand, And You Can Test Their Functionality Yourself:

The Main Difference: The Creation Of Unique Addresses And Keys Through The Use Of Client-side Js Scripts. In Other Words, Keys Are Created Immediately On Your Pc, Without Requiring Data Transfer Over The Internet. And To Make This Process More Fun, The Developers Suggest That You Move The Mouse And Fill In Text Fields, Thus Obtaining Unique Data For Generating The Necessary Tools.

Step 2 : Setup Second Step Verification

Two-factor Authentication Requires The User To Enter An Additional Code From Another Source – Such As A Text Message Or Email. However, The Most Common Method Is Through The Google Authenticator App. Just Install It On Your Phone And It Will Generate A New 6-digit Access Code To Log In To Your Wallet Or Make Transfers.

We Recommend Using Only Those Web Wallets That Do Not Support Two-factor Verification. In Particular, The Quppy Wallet Offers To Activate 2fa Already At The Registration Stage.

Step 3 : Create A Strong Password For Your CoolWallet S

If You Decide To Use A Web Wallet, Which Is Recommended Only For Small Transactions, Always Make Sure That Your Password Is Secure. Never Enter Your Date Of Birth Or Credit Card Pin As Your Password. Use Alphanumeric Combinations, Combine Cases, Use Underscores, And So On. But It’s Best To Use An Strong Online Password Maker Website.

Step 4 : Learn To Recognize Phishing Sites

Phishing Sites And Apps Mimic The Design Of Popular Crypto Wallets In The Smallest Detail — Only The Page Address Is Slightly Different. Before Entering Your Private Key Or Secret Phrase In Your Wallet, Make Sure That The Page Address Is Correct.

The Chrome Store Library Is Known For Its Abundance Of Phishing Extensions, Especially For Cold Wallets Like Ledger. Although Google Removes Dozens Of Such Fraudulent Products Every Month, New Ones Are Coming In Their Place. In March 2020, Fraudsters Stole More Than $ 250,000 In Ripple Coins From Their Wallets Using A Fake Extension, And In June 2020, Crypto Podcast Host Eric Savix Lost All Of His 12 Bitcoins By Entering A Secret Phrase In A Phishing Extension For Ledger.

Step 5 : Don’t Click On Links In Emails

Phishers Often Send Emails From An Address That Is Almost Identical To The Real Address Of The Wallet Support Service. For Example, If You Use A XYZ Wallet From xyz.cxom Then You May Receive An Email From A Fake Address Like Support@xy-z.com Instead Of The Present Support@xyz.com. These Emails Try To Scare The User Or Create The Illusion Of Urgency — For Example, You Will Be Informed That Your Account Has Been Hacked/Blocked And That You Need To Update Your Security, Change Your Password, And So On. The Link Leads To A Fraudulent Page That Will Either Steal Any Data You Enter Or Install A Virus On Your Device.

This Also Applies To Ads Above Google Search Results That Often Advertise Phishing Pages. Here Is An Example – Note The Difference In Just One Letter Between A Real Address And A Fraudulent One:

Step 6 : Install Or Use Trusted Antivirus

The First Thing You Should Do After Installing A CoolWallet S Is Install A Reliable Antivirus And Update It. Most Cyber Attacks Attempt To Send Important Information From Your Computer, You Should Make Sure That Your Pc Or Mobile Is Protected From A Virus Threat. Regularly Update Your Antivirus To Minimize The Risks Associated With The Appearance Of New Virus Threats That The Old Version Did Not Protect Against.

Step 7 : Never Disclose Your Private Keys

Private Keys Are Intended Exclusively For You. You Should Not Disclose Them For Transactions Or Cryptocurrency Purchases

Final Thought

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