CoolWallet Pro hardware wallet is a size of a credit card with a very high security standards and a lots of features.
It works using the encrypted Bluetooth connection with the CoolBitX app for iOS and Android mobile devices.
CoolWallet Pro comes in a very nice small box well organized in which you will find the hardware wallet, charging dock, USB cable, 2 recovery seed cards and a manual with a QR code you can use to download the CoolBitX app directly.
I used the Play Store to download it for my Android phone.
We will now go through the processes of setting it up in which you will see that it’s not just cool by it’s design but also that the system’s principal security features are reliably applied (EAL 6+ Certified Secure Element).
It is very easy to use.
1 – This is the only Button you use to switch between currencies and confirm the transactions. Don’t be shy to press it until you hear the click.
2 – CoolWallet Pro Screen
Setting Up The CoolWallet Pro Hardware Wallet
Download the CoolWallet app for your iOS or Android device.
I’m using an Android phone.
Charge the CoolWallet Pro using the charging dock and USB cable and any power source. I was really anxious to try it out (as you can see I was still in a Cafe drinking coffee when I got it) so started pairing the hardware wallet with the app while it was still charging 🙂 You won’t do so, charge it for 4 hours.
Turn on the Bluetooth on your Mobile device and Turn on the CoolWallet Pro pressing that one magic button.
Like I told you above you should wait until it’s charged I started right away but ok 🙂
After you enter the CoolBitX app it will recognize the device automatically.
Click Connect.
You enter the pairing password.
Confirm on the device.
And it’s done.
On the app, click Create to create a new wallet.
You then generate a recovery seed for your wallet. I advise using Higher security By Card.
It will be shown on your hardware device. A string of 12 figures of five numbers you write down on your recovery seed sheet and keep in a safe place. It’s used to recover your wallet at any time and never share it with anyone.
This is the interesting part, cause we selected the higher security by card option which is a safety measure, and why I am doing a full setup presentation cause some might got confused right here. You now use the calculator and SUM all 12 – five figures numbers of your recovery seed and enter it.
Done.
You can now add wallets for the coins you want to use!
CoolWallet Pro Current Coins And Tokens Supported
Bitcoin, Ethereum (and ERC20 tokens), Bitcoin Cash, BNB (Binance coin – not Binance Smart Chain), Polkadot, Tron (and TRX tokens), Stellar, XRP, Litecoin, Cosmos, Icon, Kag, Kau, Zen. You can enter the custom ERC20 token by providing the token address on the Ethereum blockchain.
CoolWallet App Security Features
In the CoolWallet app in the settings turn on and choose the 6 digits PIN Code.
You will use it to unlock the app every time, I don’t see a reason for curious eyes to peak into your balances.
As for any kind of transaction, there’s nothing to worry about, cause every time you are making one you are using your FINGERPRINT on the sensor for the confirmation, and then you confirm it on your CoolWallet Pro hardware device where it is signed internally with your private key and sent.
I know most of you probably won’t but I topped up my CoolWallet Pro a bit and have no problem carrying it around in my wallet and my recovery seed is in a safe place 🙂
I have also enabled my CoolWallet Pro to show my Bitcoin Cash Balance on the screen in the CoolBitX settings. Read below how I transferred it for a start.
CoolWallet Pro – Receiving and Sending Cryptocurrency
I am going to copy the addresses and send some Bitcoin and Bitcoin Cash to my BTC and BCH wallets.
And received.
In order to send your cryptocurrency you will have to sign the transaction using the hardware wallet of course. Let’s send the Bitcoin.
You can set your custom transaction fee or use the default one.
And you now confirm it using your Cool Wallet Pro device by checking the address and amount and releasing the transaction.
And sent.
You can see all transactions in your CoolBitX app transactions history like the one we just made. I have set some higher transaction fee so it will arrive fast in my other wallet.
CoolWallet Pro – EXCHANGE Cryptocurrency
CoolBitX app among many features has a fast exchange with low fees you can use to exchange the cryptocurrency, coins, and tokens it supports.
Let’s exchange Bitcoin Cash (BCH) for Tron (TRX) cryptocurrency.
You select the addresses (they will lend into your CoolWallet wallet for the Tron cryptocurrency and sending from BCH wallet.
Click confirm and pay.
You confirm it by using the Fingerprint on your mobile device sensor.
And than on your hardware wallet device of course. This is no different than any other transaction.
CoolWallet Pro Hardware Wallet Safe Tron, Cosmos and Polkadot Staking!
You are currently able to safely stake the following cryptocurrencies from your CoolWallet Pro wallet: Tron, Cosmos and Polkadot.
Since following all the blockchains using the Proof of Stake consensus protocol and staking these current APYs or yearly returns are quite high in fact!
Let’s now stake Tron since we’ve got some with the previous exchange. We can check it out like with sending Bitcoin in transaction history on the app but it shows in Tron wallet anyway.
We’ll stake the total amount.
Click Stake.
Continue.
Now verify the transaction on your CoolWallet Pro hardware device.
And done. You can see anytime and manage stakes using the staking tab on your app.
Use CoolWallet Pro on Ethereum DeFi protocols
CoolWallet Pro is compatible with MyEtherWallet also if you want to do all the functions on your mobile device but using WalletConnect you are able to connect it to any Ethereum DApp.
We will use the popular Uniswap DeFi (decentralized financing) protocol for this showcase.
Go to Uniswap website. Click Connect to a wallet and choose the WalletConnect.
In The CoolBitX app tap the WalletConnect tab and scan the presented QR code.
And done. You can see our CoolWallet Ethereum address in the top right corner. You can now do your thing swapping, earning like with staking, and making more of your crypto – SAFELY.
Other CoolWallet Pro Features
You are able to stake and exchange cryptocurrency and connect to DApps but also deposit USDT and earn the high returns, buy cryptocurrency, participate in Airdrops…
CoolWallet Pro Hardware Wallet Review Conclusion
I have 5-6 hardware wallets in my locker with some crypto on it I rarely use, but CoolWallet Pro is definitely something special in the hardware wallets market. I was dead wrong it was just due to its cool design. The developer’s team starting from the firmware to all the new features being added following the crypto trends is doing an excellent job. It’s worth every penny.
The CoolWallet Pro price is $149.00
Use ‘CadaNews’ discount code to get 5% OFF on all purchases in the CoolWallet store.