A Look at the Credit Card Shaped Hardware Device Called 'Coolwallet'
Cryptocurrency enthusiasts take security and storage seriously, and there are a bunch of different hardware solutions out there. One startup has released a different kind of digital asset hardware wallet that is the same size and shape as a credit card. Due to the design of the new ‘Coolwallet S,’ the wallet can be hidden very easily alongside the option of being carried effortlessly in your back pocket.
Also read: Bitcoin in Brief Saturday: Warren Warned By Billboards, Coinbase Tempted by Banking
The Credit Card Size and Shaped Coolwallet S Cryptocurrency Hardware Wallet
Coolbitx is a Taiwanese financial-tech company founded by Michael Ou in 2014 that creates digital asset hardware wallets as well as smart contract development platforms. Back then the wallet creators started an Indiegogo campaign featuring the credit card shaped hardware wallet that allowed the secure storage of bitcoin private keys. During the Indiegogo campaign, the team raised $21,686 USD through 184 backers, 108 percent of their goal. Moreover, the startup Coolbitx is backed by firms such as Bitmain Technologies, SBI Holdings, Kyber Capital, Midana Capital, and more.
Basically, the Coolwallet S is the size of a traditional credit card at roughly 85.60 × 53.98 mm with rounded corners. It has a display on the upper left side which shows the wallet’s data like sending and balances. The creators of the Coolwallet S device claim that cryptocurrencies are held in an isolated offline environment and the card’s tactile button ensures an owner’s two-factor authentication process. The Coolwallet S holds five popular digital assets such as Ethereum (ETH), Bitcoin Core (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), and an assortment of ERC-20 tokens.
Coolwallet is NFC & Bluetooth Compatible and Also Works With Mobile Phones
The wallet developers have made the card flexible, waterproof, and fire resistant as well. The Coolwallet S syncs data via encrypted Bluetooth technology and itsNFC (Near Field Communication) charger powers the device with its own power dock. Moreover, the new Coolwallet S can be tethered to a mobile application for Android and iOS devices.
“Keep it private, keep it safe, keep it Cool,” says the Coolbitx developers.
Have total, end-to-end control over your cryptocurrency with an EAL5+ certified Secure Element microchip on a tamper-proof physical device.
The Coolwallet S is a bit more expensive compared to other hardware wallets on the market like Keepkey, Digital Bitbox, Trezor, and Ledger. The Coolwallet S costs $189 but users can purchase a ‘Duo’ package for $299. One thing we noticed when proceeding to the checkout is the wallet has to be purchased with a credit card, as there was no option to pay for this product with a cryptocurrency.
What do you think about the Coolwallet S hardware wallet? Let us know what you think about this device in the comments below.
Disclaimer: Bitcoin.com does not endorse this product/service. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Images via the Coolwallet.io website and Pixabay.
Have you seen our new widget service? It allows anyone to embed informative Bitcoin.com widgets on their website. They’re pretty cool, and you can customize by size and color. The widgets include price-only, price and graph, price and news, and forum threads. There’s also a widget dedicated to our mining pool, displaying our hash power.
