CoolBitX Releases CoolWallet Pro All-In-One Hardware Crypto Wallet

Announcements, News | May 24, 2021 By:

At the brink of mainstream crypto adoption, the crypto ecosystem has unlocked massive value and opportunities for investors.

However, security is still the number one issue with custodial solutions and wallets. At the same time, users require multiple tools to participate in DeFi, DApps, staking, and the NFT economy.

Last week, blockchain security company CoolBitX released CoolWallet Pro, an all-in-one crypto hardware wallet for advanced crypto users with military grade security and unprecedented convenience.

At the time of release, users can utilize the CoolWallet Pro to stake on Polkadot (DOT), Cosmos (ATOM), and Tron (TRX), with DeFi, DApp, and NFT support in months to come.

New features of the CoolWallet Pro include:

  • Staking functionality — Users can now stake cryptocurrencies to mine PoS coin rewards, including PolkaDot, Tron and Cosmos

  • Additional coin support — Tron (TRX), Cosmos (ATOM), and Polkadot (DOT) will be supported upon launch, in addition to Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP), Stellar (XLM) , Binance Coin (BNB), Tether (USDT), and all ERC20 tokens. CoolWallet Pro will support all new coins planned on the roadmap such as ETH 2.0, Tezos (XTZ) and Cardano (ADA)

  • Upgraded security — CoolWallet Pro boasts an improved secure element, the CC EAL 6+ military grade hardware security chip, featuring unsurpassed industry security standards, as well as multiple authentication mechanisms. These include PIN code, biometric and physical confirmation verification steps before a transaction is authorized.

Michael Ou, CEO of CoolBitX said that their goal since 2014 has been to foster the mainstream adoption of crypto assets.

“Today, this vision is being realized for the cryptocurrency industry thanks to the continued adoption of Bitcoin and the proliferation of innovative financial products and services such as Proof-of-Stake (PoS), DeFi and DApps that are creating compelling new use cases for cryptocurrency ownership and redefining the way we view digital assets. Our CoolWallet community has  demanded a bridge to participate in this new economy, that matches and even improves the security and convenience they are used to with CoolWallet S. We are extremely proud to make this a reality with CoolWallet Pro, working with our staking infrastructure partners Staked and other trusted partners during this historic period of digital asset adoption to allow users to spend, lend, borrow, and invest their tokens at their leisure anytime, anywhere, thus maximising the value of their crypto assets.”

With the addition of the CoolWallet Pro to the line of CoolWallet products, crypto users now have two distinct choices to cater to their needs: CoolWallet S for the basic HODLer, providing an affordable, fuss-free tool to hold mainstream, alternative, and ERC-20 tokens with enhanced security, while CoolWallet Pro complements sophisticated users’ crypto needs with an advanced hardware wallet with software features that covers all scenarios of crypto usage.

Both the CoolWallet Pro and S will continue to deliver on the original mobile hardware wallet’s core value proposition: allowing their users to enjoy superior cold storage through the convenience of a mobile app, while being protected from malicious actors with military grade security.