The CoolWallet seems to be the latter, but that doesn’t mean it’s a bad or even a gimmicky wallet, and in this short review we’ll tell you if this cool looking wallet is worth checking out.
What’s different about it?
The usual security measures that other hardware wallets employ are already there, but the CoolWallet is truly something unique by its design alone.
- It’s the first wireless cryptocurrency hardware wallet.
- It’s extremely practical. Its design is that of a credit card, meaning you can actually keep it in your wallet like you would keep anything else.
- It’s compatible with any Bluetooth device.
- It has a built in screen that shows everything you need to know in a clear manner.
- Built in buttons within the card that allows you to navigate its features.
- It’s heat resistant, water proof and can actually bend up to 15 degrees.
The fact that it’s a wireless device might be of concern for some, but there’s no need to worry, as the wallet only sends signed transactions to the device it’s connected to.
Additionally, the wallet works independently from the mobile app of its developers, meaning that on the off chance they close down, your coins will still be safe.
As for currency support, CoolWallet has a small selection of the most popular coins, which include:
- Bitcoin Cash
What does the community think of it?
Although it had a bit of a rocky start due to it being a bit unintuitive for new users, and a bit cumbersome to setup compared to its competitors, the wallet still had a positive reception just on the innovation factor alone. Couple that with the fact that the developers have constantly improved the product and you can see why it’s well regarded among users.
The only complaint that you’ll currently find about it is its price, which is actually fair. But at the same time, the pricing on this product is understandable when you see that they actually offer something different from your average wallet.
The CoolWallet S starts at £139 each, and £220 for a CoolWallet S Duo bundle, which includes two wallets.
Pros & Cons
- It delivers something that is beyond a gimmick.
- It’s highly secure despite its wireless nature.
- It’s practical, portable and with a high quality design.
- It’s heat resistant, waterproof and bendable (although bending it is not recommended).
- It’s rather cumbersome and unintuitive to setup compared to its competitors.
2. Supports a really low number of coins.
Summing things up
As you can see, the CoolWallet earned its name for delivering something truly unique. It can be rather expensive compared to other wallets in the market, but that’s understandable when you think of the features it offers. So if you have the cash, and looking for a wallet, go ahead and check their website out.
About the CoolWallet
The CoolWallet started to go under development back in 2014 after a successful Indiegogo campaign. It was developed by CoolBITX, a company based in Taiwan and saw its release a year after that.
Initially, the wallet did have some issues, which is actually understandable as the company aimed to deliver something unique. Given enough time however, it’s improved to the point of being a worthy competitor to other hardware wallets currently in the market.