How to Select a Cold Wallet? A CoolWallet Case Study
When choosing a cold wallet, consider the following key criteria. Let's evaluate how CoolWallet—developed by CoolBitX—meets these requirements.
🔒 Security
CoolWallet is a cold wallet launched by CoolBitX, a prominent Taiwanese blockchain company.
Founded in 2014, CoolBitX released its first cold wallet in 2016. Since then, no security breaches or hacking incidents have been reported. The CoolWallet S (standard edition) meets EAL 5+ security certification—equivalent to military-grade protection. The CoolWallet Pro (advanced edition) achieves an even higher EAL 6+ standard. The company has also conducted real-world penetration testing to ensure robust security.
💳 Portability & Convenience
CoolWallet stands out with its credit-card-sized design (just 0.8mm thick and 6g lightweight), making it easy to carry in a wallet. The card is waterproof, shock-resistant, and has a 2–3+ week battery life.
Both models feature encrypted Bluetooth connectivity, allowing seamless interaction with their iOS/Android app—no cables needed.
⛓ Supported Blockchains & Cryptocurrencies
- CoolWallet S: Supports 12 blockchains and 10,000+ tokens.
- CoolWallet Pro: Supports 27 blockchains and 12,000+ tokens.
For details, check the official Supported Assets page.
🛠 Built-in Features
Beyond basic transactions, both wallets support Wallet Connect, enabling integration with DeFi platforms and NFT marketplaces like OpenSea and Rarible.
- CoolWallet S: Offers DeFi functionalities.
- CoolWallet Pro: Adds staking services and NFT support.
FAQ
1. Is a cold wallet necessary if I don’t hold much crypto?
Yes—even small holdings can be targeted. Cold wallets provide offline security, minimizing hacking risks.
2. Can I recover my funds if I lose my CoolWallet?
Absolutely. Use your recovery phrase (backed up securely) to restore access on a new device.
3. Does CoolWallet support Ethereum dApps?
Yes! Via Wallet Connect, you can interact with Ethereum-based dApps effortlessly.