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Independent Expert Review

CoolWallet Pro Review

CoolWallet Pro ($149): a credit-card-sized Bluetooth wallet with a CC EAL6+ secure element (vendor-stated), an e-paper screen and a confirm button, managed through the CoolWallet phone app. No USB data port and no desktop app.

By the WalletInsights editorial team

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CoolWallet Pro card hardware wallet with e-paper screen
Overall Rating
Official price$149
CoolWallet Pro
CoolWallet Pro
47$149
Quick Verdict

The CoolWallet Pro, launched in 2021 at $149, is a card-sized hardware wallet that pairs with the CoolWallet app on iPhone or Android over encrypted Bluetooth. Unlike screenless card wallets it has a small e-paper screen and a button to confirm transactions on the card. Keys sit in a secure element CoolWallet describes as CC EAL6+. It uses a standard BIP39 seed (12–24 words); there is no USB data port, no desktop app, and firmware updates arrive over Bluetooth, authorised by CoolBitX.

Security Warning

Avoid buying from unofficial marketplaces — counterfeit risk.

Rating Breakdown

Spec-based rating
Read our full methodology →
Security55
Recovery38
Usability59
Ecosystem61
Privacy10

How we rate wallets

40+ verified specs scored per walletPublished formula — not subjective editor picks
See methodology

Key Takeaways

Benefits

  • E-paper screen and button: transactions are confirmed on the card, not only in the app
  • Credit-card format, 6 g, with a battery charged through contact pads
  • Secure element CoolWallet describes as CC EAL6+
  • Standard BIP39 seed (12, 18 or 24 words), which can be generated on the card
  • 35+ blockchains in the CoolWallet app, custom EVM networks, WalletConnect and Safe multisig signing
  • Secure-element firmware source published on GitHub

Limitations

  • Bluetooth only: no USB data, NFC or QR, and no desktop app
  • No published chip model or Common Criteria certificate; the EAL6+ claim is the vendor's
  • Secure-element source is non-commercial and cannot be built or flashed by users; Bluetooth-chip firmware and app are closed
  • Firmware updates are authorised by a CoolBitX server, with no user-verifiable hashes
  • The "Generate from App" setup puts the seed on your phone; only "By Card" keeps it on the device
  • No Bitcoin multisig, and no native SegWit (bc1q) addresses listed
Best for
Advanced
Security Level
Medium
Value
Poor
Audit Status
No public audit

Technical Specifications

CoolWallet Pro

Key specifications

See all details
Secure Element
Yes
Security Certification
EAL6+
Open Source
Partly — firmware in part
USB Connection
No
Bluetooth
Yes
Supported OS
iOS, Android
Seed Phrase Length
24 words
Supported Networks
35+ networks
General Information6 items
Device TypeHardware Wallet
ManufacturerCoolWallet
Release Year2021
Price$149
Bitcoin ModeMulti-Coin
Manufacturer supporthttps://www.coolwallet.io/pages/help-center
Security & Protection6 items
Secure ElementYes
Security CertificationEAL6+
Open SourcePartly — firmware in part
PIN ProtectionYes
CertificationsCE and RoHS certified; Taiwan NCC ID CCAF22LP0650T3
Known incidentsNo public vulnerability specific to CoolWallet Pro found. Earlier issues affected the CoolWallet S only: (1) Kraken Security Labs, 2020-04-03, found S/app weaknesses (sensitive data in Android app logs, no default on-card transaction display), fixed in the app (2) CoolBitX disclosed on 2020-12-18 a Bluetooth seed-replay flaw in the S protocol during wallet creation/recovery, fixed in S firmware 106 / app 2.9.100. Neither source mentions the Pro.
Connectivity3 items
USB ConnectionNo
BluetoothYes
NFCNo
Physical Characteristics6 items
Dimensions85.6 × 53.98 × 0.8 mm
Weight6g
DisplayE-Paper (Monochrome)
Water ResistanceYes
Battery15 mAh
Tamper evidenceCold-press (cold compression) encapsulation sealing all components; disassembly leaves visible damage / may render the card inoperable
Software & Compatibility3 items
Mobile SupportYes
Supported OSiOS, Android
Supported Networks35+ networks
Recovery & Backup3 items
Seed Phrase StandardBIP39
Seed Phrase Length24 words
Multi-Card BackupNo

CoolWallet Pro — General Information

CoolWallet Pro — Hardware Wallet manufacturer: CoolWallet (2021). Secure Element: EAL6+. Supported Networks: 35+ networks.

Who Is This Wallet For?

Perfect For

SE EAL6+★★★
security
Mobile First★★★
lifestyle
DeFi Ready★★
ecosystem
Multisig Supported★★
ecosystem
Travel Friendly★★
lifestyle
Multichain★★
ecosystem
Water Resistant★★
form

Not Ideal For

Weak Backup Model
No Tor
Closed Source Risk
Telemetry Present
★Good fit★★Great fit★★★Perfect fit

Expert Review

TL;DR

Keys are stored in a secure element CoolWallet describes as CC EAL6+; a 2023 CoolBitX blog post says the chip is made by NXP, but no model or certificate number is published. The card has a small e-paper screen and one button, so you confirm each transaction on the device; the PIN and biometrics are checked in the phone app, and the card pairs only with authorised phones over AES-256 encrypted Bluetooth. Firmware updates arrive over Bluetooth through the app and are authorised by a CoolBitX server; there are no hashes or signatures you can verify yourself. No vulnerability specific to the Pro has been published; the 2020 findings by Kraken Security Labs and a December 2020 Bluetooth issue concerned the older CoolWallet S.

SecurityKey Factor

The Pro uses a standard BIP39 seed of 12, 18 or 24 words, so you can restore it in other BIP39 wallets. Choose the "By Card" option at setup: the secure element generates the seed and shows it on the e-paper screen as numeric groups that map to BIP39 words. The alternative, "Generate from App", creates and shows the words on your internet-connected phone before writing them to the card. Backup is handwritten only; CoolWallet states it offers no recovery service.

Recovery & backups

Everything runs through the CoolWallet app on iPhone or Android: you pair the card over Bluetooth (within about 10 m), approve in the app and press the card's button to confirm. There is no cable, but the card needs charging on its contact-pad dock. Reading a seed as numeric groups and the small e-paper screen take some getting used to. There is no desktop app. Our usability scores are editorial estimates anchored to the Tangem card and the SafePal X1.

Usability / UX

CoolWallet states support for 35+ blockchains and over 12,000 tokens in its app, including Bitcoin, Ethereum, BNB Smart Chain, Solana, Cardano, XRP, Polkadot, Cosmos, Tron, TON, Kaspa, Aptos and Sui, and lets you add any EVM network. WalletConnect connects it to dapps, MetaMask can be used via QR sync, and it can sign in a Safe multisig on EVM chains. For Bitcoin, the help center lists nested SegWit and Taproot addresses but not native SegWit (bc1q), and there is no Bitcoin multisig.

Ecosystem & integrations

The card talks only to your paired phone. The app does the network work: Apple's privacy label lists analytics and diagnostics data, while the Google Play listing states no data collected. The app is closed source, and no Tor or coin-control support is documented.

Privacy

On CoolWallet's store the Pro costs $149 in every edition (list price on 30 October 2026; a site-wide sale was running). You pay for the combination of a wallet-sized card and an on-device screen and button — screenless cards cost less, and conventional devices with larger screens and USB cost about the same.

Price & value

The CoolWallet Pro sits between a screenless card like Tangem and a conventional device: it keeps the card format and phone-only workflow but adds an e-paper screen and a button, so you confirm transactions on the card itself. It covers 35+ blockchains in its own app, supports WalletConnect and can sign in a Safe multisig on EVM chains.

The caveats are about verifiability and choice of platform. The EAL6+ claim has no published certificate; the secure-element firmware source is published under a non-commercial licence but cannot be built or flashed by users, and the Bluetooth chip's firmware and the app are closed. Updates are authorised by a CoolBitX server, with no hashes you can check. If you set up the seed with the "Generate from App" option, it exists on your phone during setup — choose "By Card" instead. At $149 it suits mobile-first, multi-chain users who want an on-device confirmation in a wallet-sized card; there is no Bitcoin multisig and no desktop use.

✓Our Verdict

The CoolWallet Pro sits between a screenless card like Tangem and a conventional device: it keeps the card format and phone-only workflow but adds an e-paper screen and a button, so you confirm transactions on the card itself. It covers 35+ blockchains in its own app, supports WalletConnect and can sign in a Safe multisig on EVM chains.

The caveats are about verifiability and choice of platform. The EAL6+ claim has no published certificate; the secure-element firmware source is published under a non-commercial licence but cannot be built or flashed by users, and the Bluetooth chip's firmware and the app are closed. Updates are authorised by a CoolBitX server, with no hashes you can check. If you set up the seed with the "Generate from App" option, it exists on your phone during setup — choose "By Card" instead. At $149 it suits mobile-first, multi-chain users who want an on-device confirmation in a wallet-sized card; there is no Bitcoin multisig and no desktop use.

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DefiImpermanent Loss

Impermanent loss happens when asset prices in a liquidity pool diverge from external markets, reducing the value of liquidity providers' holdings compared to simply holding the assets.

HardwareSecure Element

A secure element is a tamper-resistant chip built to store secrets and resist physical attacks such as side-channel analysis and fault injection.

Read full definition
SecurityEAL Certification

EAL Certification (Evaluation Assurance Level) from Common Criteria rates the security of hardware components, like secure chips in crypto hardware wallets. Higher levels, such as EAL5+ or EAL6+, indicate stronger resistance to attacks.

Read full definition
SecurityPIN Protection

PIN Protection is a security feature that requires a personal identification number (PIN) to access a cryptocurrency wallet or device, preventing unauthorized access.

Read full definition
SecurityBiometric Authentication

Biometric authentication unlocks a wallet with a fingerprint or face instead of, or alongside, a PIN.

Read full definition
HardwareBluetooth Connectivity

Bluetooth Connectivity enables wireless communication between devices, like hardware wallets and smartphones, using Bluetooth or Bluetooth Low Energy (BLE) for secure data transfer.

Read full definition
HardwareFirmware Update

Firmware Update installs new low-level software on a hardware wallet to fix bugs, enhance security, or add features in cryptocurrency devices.

Read full definition
BlockchainBIP39

BIP39 is a standard for generating mnemonic seed phrases that are used to create deterministic wallets and securely back up cryptocurrency private keys.

Read full definition
SecurityBackup

A backup in cryptocurrency is a secure copy of a wallet's seed phrase or private keys. It enables recovery of funds if the original wallet is lost or damaged.

Read full definition
SecurityRecovery

Recovery is the process of restoring access to a cryptocurrency wallet using its seed phrase or mnemonic backup if the original wallet is lost or inaccessible.

Read full definition
HardwareTangem

Tangem is a hardware wallet in the form of a physical card that stores cryptocurrency private keys securely and offline, allowing for easy and portable access to digital assets.

BlockchainBlockchain

A blockchain is a shared, append-only record of transactions kept by many independent computers, so no single party can rewrite it.

Read full definition
BlockchainToken

A token is a digital asset on a blockchain that represents value, ownership, utility, or access rights. Examples include ERC-20 tokens on Ethereum.

Read full definition
BlockchainBitcoin

Bitcoin (BTC) is the first decentralized cryptocurrency, launched in 2009. It uses blockchain technology for secure, peer-to-peer digital transactions without intermediaries.

Read full definition
BlockchainEthereum

Ethereum is a decentralized blockchain platform that enables smart contracts and decentralized applications (dApps). Its native cryptocurrency is Ether (ETH).

Read full definition
BlockchainSolana

Solana is a high-performance layer-1 blockchain platform that enables fast, low-cost transactions using Proof of History and Proof of Stake. Its native token is SOL.

Read full definition
BlockchainCardano

Cardano is a proof-of-stake blockchain platform that prioritizes research-driven development, scalability, and sustainability. Its native cryptocurrency is ADA.

Read full definition
BlockchainXRP Ledger

The XRP Ledger is a decentralized, open-source blockchain designed for fast, low-cost global payments using the XRP cryptocurrency.

Read full definition
BlockchainPolkadot

Polkadot is a multi-chain blockchain protocol that connects independent blockchains (parachains) to a central relay chain for interoperability and shared security. Its native token is DOT.

Read full definition
BlockchainCosmos

Cosmos is a blockchain ecosystem enabling interoperable chains via the Cosmos SDK and IBC protocol. The Cosmos Hub serves as its central chain with the ATOM token.

Read full definition
BlockchainTRON

TRON is a blockchain platform and cryptocurrency (TRX) designed for high-throughput decentralized applications, especially in content sharing and entertainment.

Read full definition
BlockchainEVM

The EVM (Ethereum Virtual Machine) runs smart contracts on Ethereum and on compatible chains, which share its address format and tooling.

Read full definition
DefiWalletConnect

WalletConnect is a protocol that enables secure communication between decentralized applications (dApps) and mobile wallets through QR code scanning or deep linking.

Read full definition
TransactionMultisig

Multisig (multi-signature) is a security feature that requires multiple private keys to authorize a transaction, enhancing protection against unauthorized access in blockchain networks.

Read full definition
TransactionSegWit

SegWit (Segregated Witness) is a Bitcoin upgrade that moves transaction signatures to a separate data structure, increasing block capacity and enabling efficient scaling solutions like the Lightning Network.

Read full definition
TransactionTaproot

Taproot (BIP 341) is a Bitcoin upgrade that introduces Schnorr signatures and Tapscript, enhancing privacy by making complex scripts look like simple payments and improving efficiency.

Read full definition
HardwareFirmware

Firmware is the software that runs on a hardware wallet itself: it generates keys, shows transaction details on the screen and signs.

Read full definition

Sources & Verification

Data in this review can be verified from these sources.

Review History — Initial review published — Rating and data updatedRatings recalculate automatically when wallet specs change.

Risk Assessment

Risk Score: 84/100

✓Low Risk
Security Risks

Closed-source firmware

Closed-source firmware - cannot be independently verifiedLearn more →

Info
Connectivity Risks

Bluetooth connectivity risks

Bluetooth increases wireless attack surfaceLearn more →

Warning

Telemetry data collection

Telemetry is present in companion softwareLearn more →

Info

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Common problems with CoolWallet Pro

Frequently Asked Questions

What if CoolWallet Pro gets hacked?
CoolWallet Pro uses a certified Secure Element chip to store private keys in tamper-resistant hardware. Even if the device's software were compromised, the Secure Element isolates your keys from extraction.
What if CoolWallet goes out of business?
Your seed phrase follows the BIP39 standard, meaning you can recover your funds using any compatible wallet — you are not locked into CoolWallet's ecosystem.
What if I lose my CoolWallet Pro?
Your cryptocurrency is stored on the blockchain, not on the device. If you lose your CoolWallet Pro, you can recover full access using your seed phrase on any compatible wallet.
How long will CoolWallet Pro receive security updates?
Check CoolWallet's website for the latest firmware update schedule.
Does the CoolWallet Pro have a screen?

Yes, a small monochrome e-paper screen and one button. You confirm transactions on the card; PIN and biometrics are handled in the phone app.

Does the CoolWallet Pro work with a computer?

No. It connects only over Bluetooth to the CoolWallet app on iPhone or Android; there is no USB data port and no desktop app.

Is the CoolWallet Pro open source?

Partly. CoolBitX publishes the secure-element firmware source on GitHub under a non-commercial licence, but users cannot build or flash it, and the Bluetooth-chip firmware and the app are closed. The developer SDK is open source (Apache-2.0).

Does the CoolWallet Pro use a seed phrase?

Yes, a standard BIP39 seed of 12, 18 or 24 words. Generate it "By Card" so it is created in the secure element and shown on the card's screen rather than on your phone.

CoolWallet Pro or Tangem: what is the difference?

Both are card-sized and phone-only. The CoolWallet Pro adds an e-paper screen, a button and a battery and connects over Bluetooth; Tangem has no screen, needs no charging, connects over NFC and uses backup cards by default. See CoolWallet vs Tangem.

How many coins does the CoolWallet Pro support?

CoolWallet states 35+ blockchains and over 12,000 tokens, plus any EVM network you add manually.

Some links on this page are affiliate links. If you purchase through them, I may earn a commission at no additional cost to you. This helps support the site and allows me to continue creating detailed, independent reviews.

Our rating methodology is evolving. Ratings and assessments will be refined as we improve our scoring framework to reflect the most accurate results.

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