FAQ – Hardware
Why should I use a hardware wallet?
Hardware wallets are protected from computer viruses that attempt to hack or steal private keys.
By storing your digital currencies in a hardware wallet, you are securing your crypto offline, keeping them an extra step away from hackers.
Why should I buy a CoolWallet S?
Kinesis has partnered with CoolBitX to bring you the best of both worlds.
The simplest user experience and the most secure offline storage solution for a stable currency based on physical gold and silver. Creating a seamless experience for transacting and trading.
Why should I trust CoolBitX?
CoolBitX is a blockchain security company, with over 20 years of knowledge and experience in banking and security solutions, which have successfully developed a product that is secure, easy to use and compliant.
What is cold storage?
A ‘hot wallet’ refers to a cryptocurrency wallet that is connected to the internet. Generally, hot wallets are easier to set up and access but are more susceptible to hackers, possible regulation, and other technical vulnerabilities.
A ‘cold wallet’ refers to any cryptocurrency wallet that IS NOT connected to the internet making it the most secure option as it’s completely offline providing a greater level of safety.