CoolWallet S – 2020 review
Take a closer look at the portable hardware wallet for storing bitcoin and other cryptos.
finder.com.au's rating: 4.13 / 5.0
So, is it the right wallet for you or too cool for school? Let’s take a closer look.
|Product Name||CoolWallet S Wallet|
|Supported Cryptocurrencies||BTC, BCH, XRP, ETH, LTC, ZEN, ICX, Omni USDT, BNB BEP2, XLM & 25+ more|
- Wireless storage for your crypto
- Sleek design for portability and convenience
- Simple to setup and use
- Supports 2-factor authentication and a host of other security features
- Waterproof, heat resistant and bendable up to 15 degrees
- Doesn’t support some popular currencies
- There are cheaper hardware wallets available
- Company isn’t as well established as some other wallet providers
What is the CoolWallet S?
Most of the popular hardware wallets available on the market at the moment connect to your laptop or PC via USB. However, the CoolWallet S is a wireless bitcoin wallet that uses bluetooth or near field communication (NFC) to connect to your Android or iOS smartphone.
The main aim of this wallet is to provide portability and convenience, and to that end it features a slim and sleek design that makes it easy to take with you wherever you go. Inside the device you’ll find a secure element (SE) chip for storing your private keys, while there’s also a built-in display for viewing transaction details.
The CoolWallet S was developed by Taiwanese fintech company CoolBitX, which specialises in digital asset hardware and developing smart contract platforms. The original CoolWallet hit shelves in 2016, while the S was launched in 2018.
Operating systems: The CoolWallet S can be paired with Android 5 or later, or iPhone 5 (iOS 9.1) or later.
How much does it cost?
As of May 2019, you can find the CoolWallet S selling for .
Disclosure: At time of writing the author holds ADA, IOTA and XLM.
Cryptocurrency wallet ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We rate cryptocurrency hardware wallets by scoring each wallet out of 10 for 3 components: security, functionality and cost. Each component is weighted based on importance, as follows:
- Security: 50%
- Functionality: 40%
- Cost: 10%
These scores are aggregated and visualised as a total score out of 5 stars.