FAQ – Hardware

Natalie Laz

04/07/2021

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.

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