I am all for innovation in the crypto world and always try whatever new gadget or software comes out. Naturally, I was intrigued when I first heard of CoolWallet Pro, and after a bit of research and first-hand experience, here I am, reviewing the product.
The CoolWallet Pro is a new hardware wallet that supports a wide variety of cryptocurrencies. It comes with a storage unit that is pretty much the size of a standard credit card and can be stored in your wallet.
The hardware wallet also carries exceptional security features to help store, send, and receive multiple crypto currencies. I found the wallet to be of high utility and will cover details related to it in this review.
CoolWallet Pro Features
CoolWallet Pro represents a significant leap forward in the realm of cryptocurrency hardware wallets. As a seasoned professional in the crypto industry, I am delighted to present a comprehensive review of its outstanding features.
Prepare to embrace a new standard of security and convenience in crypto trading with CoolWallet Pro.
Let’s take a look at some of the most notable features that have left a lasting impression on me:
Perfectly Portable
The CoolWallet Pro is portable and friendly for people traveling frequently. The card-like wallet weighs a little under 6 grams and is 0.8mm thick. You can easily stack it inside your wallet and carry it with you wherever you go.
The wallet is fairly durable as it comes with water-resistant and tamper-proof coverage.
Exceptional Security
It’s no secret that software wallets can be susceptible to hacking attempts. That's why I always advocate for the use of hardware wallets, which provide an extra layer of security. Speaking of security, CoolWallet Pro truly stands out in this domain.
The device comes with the incorporation of a CC EAL 6+ Military grade security chip in its core. This is a significant advancement compared to other popular hardware wallets like the Ledger Nano X or the CoolWallet S, which rely on the older and less effective EAL 5 security chip.
With the new chipset, CoolWallet Pro takes chip security evaluation to a whole new level, ensuring that your high-value assets remain protected.
As a cryptocurrency holder, it's essential to have peace of mind knowing that your investments are secure. With CoolWallet Pro's strict safety measures and advanced security features, you can rest assured.
Mobile Device Compatibility
One of the standout features of CoolWallet Pro, based on my personal experience, is its seamless integration with mobile devices. This means you can easily manage and keep tabs on your digital assets while on the move. I personally connected my CoolWallet Pro to my Android phone without any hassle. The great news is that both iPhone and Android users can pair their devices with the wallet/card as long as they’re within a 10-meter range.
The integration of the mobile app proved to be incredibly useful. I could easily exchange coins, monitor my account balance, and even perform cryptocurrency swaps right from the convenience of my phone!
Battery Life
The CoolWallet Pro is a rechargeable hardware wallet and comes with an exceptional 3V battery. The lithium-ion battery is compact and provides a standby period of 2-3 weeks after a full charge. The wallet also comes equipped with a charging unit that can easily be plugged inside a USB device to charge the device.
In my opinion, the wallet matches and even exceeds the battery life of other hardware wallets, including the Ledger Nano X. The 3-week battery output is useful for traveling without worrying about charging the device.
CoolWallet Pro Compatibility
From my experience, when it comes to a hardware wallet — it's crucial to ensure compatibility with a wide range of cryptocurrencies and operating systems. CoolWallet Pro offers just that and you can rest assured that exceptional compatibility is at the forefront. Whether you're a Bitcoin enthusiast, an Ethereum investor, or like speculating on altcoins, CoolWallet Pro does a pretty good job.
Additionally, its app seamlessly integrates with different operating systems, making it accessible to users across various devices and platforms.
App Compatibility
All you need to connect your wallet to your mobile app is a bluetooth connection, an iOS 9.1+ or Android 6.1+ phone, and a 10-meter proximity between wallet and phone. The connection is achieved through the CoolBitX App.
The CoolBitX App can be used to send and receive crypto, monitor wallet balances, trade crypto, and view your transaction history.
Coin Compatibility
The CoolWallet Pro is equally compatible when it comes to the cryptocurrency assets it supports. The digital multi-currency wallet can store up to 16 cryptocurrencies. The capacity includes 3 more coins in comparison to the previous CoolWallet S.
CoolWallet Pro Cost and Fees
CoolWallet Pro is a one-of-a-kind wallet that offers elite cold storage alongside protection and convenience. You can manage your crypto, NFT, and DeFi assets on it safely.
The wallet costs $149 and can be purchased directly on the CoolBitX website. You can also purchase the wallet from selected retailers and resellers on Amazon. In my opinion, the wallet offers great value for money in comparison to other wallet providers. I have used Trezor and Ledger Nano wallets and feel the value for money is better with CoolWallet Pro.
CoolWallet S - Perfect For Those With a Lower Budget
If you want to save $50 on a CoolWallet hardware wallet, you can buy the older CoolWallet S for a lower price of USD 99.
The CoolWallet S comes with similar weight and dimensions, almost the same cryptocurrency support, and the same mobile app as the CoolWallet Pro.
CoolWallet Pro User Experience
CoolWallet Pro guarantees an exceptional user experience through a well-designed product and an excellent application. The product is delivered in a well-packaged box that comes wrapped in plastic with a tamper-evident sticker on top of it.
The security labels and the additional protection ensure the package is safe and hasn't been tampered with. The box includes the following:
Easy Setup Procedure
The CoolWallet Pro is easy to set up and install. While you may find a user manual inside the box for assistance, we can help you with the directions:
- Download the CoolBitX App: The first step is to download your CoolBitX application on Google Play or iOS App Store. Once downloaded, you can pair the phone with your card through Bluetooth.
- Charge the CoolWallet: The next step is to charge your CoolWallet Pro by connecting the charger to a USB slot on a laptop or computer. The card will take around 4 hours for a full charge.
- Create a Wallet: Once you’ve paired your phone with the CoolWallet Pro and charged it, you can create your hardware wallet. You have the option to set a unique seed phrase that is either 12, 18, or 24 words. If you ever lose your wallet, you can enter the seed phrase to recover your private keys and your crypto. Each package comes with 2 recovery cards. For a more secure storage of your seed phrase, see my article here.
Simple User Experience
CoolWallet Pro is the ideal option for advanced crypto users on the go. The hardware wallet helps users invest in advanced crypto projects while also diversifying their portfolio through investments in NFTs and beyond.
The application is simple to use and comes with a dark theme, as you may see in the snippets below:
CoolWallet Pro Security
As we have mentioned previously as well, CoolWallet Pro offers advanced security for all hardware wallet users.
Advanced Security
The wallet comes with CC EAL 6+ security, which is better than the EAL 5 available on previous versions. Once you’re signed in, you have the option to set a 12-, 18-, or 24-word seed phrase. This seed phrase can be stored on the 2 recovery cards included, or you can purchase a more secure seed phrase storage option. If you lose your wallet, you will need the seed phrase to set up a new wallet and recover your crypto.
Reputation and Track Record
The CoolWallet Pro is a sure shot when it comes to security. The upgraded chipset and the EAL6+ rating offer the most advanced and highest security standards in the industry. The app has a rating of 4.6 stars on Google Play store and has over 1,000 reviews.
Potential Vulnerabilities
As of now, there aren’t any potential vulnerabilities when it comes to security for the CoolWallet Pro. Even if your wallet is stolen, it's not possible to access your crypto without 2FA on your phone.
Pros & Cons of CoolWallet Pro
The CoolWallet Pro is a sleek compact crypto wallet that works together with a mobile app to give you a truly digital experience. The wallet is a good addition for crypto investors who want to keep their investments in close proximity.
Let’s take a look at the pros and cons I witnessed when using the wallet:
- Easy to carry around with you wherever you go. The wallet is lightweight and portable.
- Simple Bluetooth integration to connect your card to your phone. You can download the app on your Android or iOS device and enjoy the feasibility.
- Excellent security is in place, especially with the upgrade to CC EAL 6+ security.
- Users can store and manage different crypto assets in the multi-currency wallet.
- At $149 per piece, the wallet is reasonably priced.
- Some people may not like the idea of carrying a physical device.
- Bluetooth connection only works within 10 meters of the wallet. You cannot access the app if you are outside of the 10 meters range.
CoolWallet Pro Vs. CoolWallet S
Before CoolWallet Pro became a mainstream sensation, CoolWallet S was making rounds in the market. While there aren’t many differences between the two products in terms of weight, flexibility, and size, I feel that the CoolWallet Pro does offer additional security and support for cryptocurrencies.
The CoolWallet Pro also supports NFT transactions with support for NFT marketplaces such as OpenSea, among others. In my opinion, the Pro version is more secure, updated, and user-friendly. The table below looks at the two wallets and their differences in features:
Features | CoolWallet Pro | CoolWallet S |
Price | USD $149 | USD $99 |
Portability | The size of a credit card, weighs 6 grams | The size of a credit card, weighs 6 grams |
Operating System | Available for both Android and iOS | Available for both Android and iOS |
Encrypted Bluetooth | Available | Available |
Security | EAL 6+ Certified Security Element | EAL 5+ Certified Security Element |
Power | Lithium 3V, 15mAh | Lithium 3V, 15mAh |
Supported Cryptocurrencies | BTC, ETH, LTC, XRP, XLM, BNB, USDT, ERC20 tokens, TRX, ATOM and DOT, CHR, ETH 2.0, XTZ and ADA | BTC, XRP, ETH, LTC, BCH, BNB, Horizen, ICX, stablecoins and all ERC20 tokens. |
Integrations | DeFi, DApp and NFT (e.g., Compound, Opensea) | None |
Conclusion
In conclusion, the CoolWallet Pro is a safe and secure cryptocurrency hardware wallet. With support for all major cryptocurrencies alongside DeFi, Dapp, and NFT support, the wallet is the hardware multi-currency wallet you need.
I particularly became a fan because of the enhanced security measures and the interactive, easy to use mobile application. Using a mobile app would normally make users worried about safety, but the CoolWallet Pro app is so smooth that it extends your trust further.
In conclusion, I recommend you consider CoolWallet Pro and see what the hype is about. If it's not suitable for you, have a look at the best crypto wallets and see if you find something you like.