CoolBitX, a blockchain security firm, has launched CoolWallet Hot, a Web3 wallet that allows cryptocurrency users to securely store their assets.
This was announced in a press release on December 18. The company is known for providing a range of cold storage wallets for its consumers since 2016. Users can choose whether to store their wallets hot or cold with the new Web3 wallet. Hot wallets are a form of storage that is connected to the internet.
In light of recent events in the cryptoverse, such as the collapse of centralized exchanges, CoolBitX wishes to provide users with the option of self-custody of their assets via CoolWallet Hot.
The wallet integrates with the CoolWallet App to provide features that encourage more people to take control of their assets rather than relying on centralized exchanges. It also has an intuitive user interface that gives non-crypto users all the information they need at a glance.
The CoolWallet app allows consumers who use the “cold wallet” feature to switch to a “hot wallet. Early users of the CoolWallet Hot that test out the in-app staking or exchange services stand a chance to win an exclusive NFT from the firm. They also qualify for future CoolWallet token airdrops. The hot wallet supports EMV-compatible chains, OpenSea, and WalletConnect.
CoolBitX, the Taiwan-based blockchain security company, has been building friendly and secure blockchain solutions since 2014. One of the firm’s products is Sygna.
Sygna is an API-based messaging service that allows data sharing with regulators under Financial Action Task Force (FATF) guidelines. The company has received industry recognition for its innovative products and was named of the Top 50 blockchain companies in 2020.
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