Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Cryptnox Hardware Wallet – Unlock the Future of Crypto Security
Cryptnox is an innovative hardware wallet using the latest smartcard technology to ensure maximum security for your crypto. Unlike most crypto storage solutions, Cryptnox delivers a seamless user experience and quick setup steps for newbies and expert crypto enthusiasts alike. In fact, the installation process is so fluid you could breeze through it in only 23 seconds.
Crypto users have long been the victims of hacker attacks siphoning funds from their accounts. However, their vulnerability to crypto theft usually boils down to poor key management. Misplacing the access codes to your crypto wallet is a quickfire way to lose your digital possessions. Therefore, keePINg crypto assets safe has become a major concern for investors, traders, and long-term hodlers.
Cryptnox provides a high-security, dual-card solution to anyone dealing in crypto and looking for unparalleled protection. This nifty crypto wallet seeks to make key management disappear and prevent unauthorized access to your cryptocurrency. Read on as we review the features that make Cryptnox an impenetrable stronghold for digital assets.
How Cryptnox Works
Cryptnox enables you to keep your assets in cold storage but still access them in seconds if you wish. This is possible by seamlessly combining a secure and intuitive mobile app with a rapid backup process consisting of a dual card setup system. Here’s how to do that!
Order your Cryptnox wallet, and Amazon will deliver it in just a few days.
If you choose the Dual Card Setup option, you will receive a main card, a backup card, and an access card. They come in a smartly designed case, ideal for long-term safe storage. Download the Cryptnox app on your phone either from the Apple Store or Google Play, and follow these simple steps to set up your Cryptnox Wallet:
- Launch the Cryptnox app on your device.
- Tap “Initialize” and choose the “Dual Card Setup” option.
- Use your phone to scan the QR code on the Access Card.
- Hold the Main Card in front of your phone to scan it and pair it with the app.
- Repeat the previous step with the Backup Card.
- Scan the Main Card again to complete its synchronization with the app.
- Store the Backup Card and Access Card safely in the original case.
- Access your crypto wallet on your device via the Cryptnox app.
This process generates an identical seed phrase in the two cards and stores them inside its secure element. This way, you are the only one who can access your assets via the Cryptnox app, biometric authentication, and the Cryptnox hardware wallet card. From here on, you can quickly sign transactions, transfer cryptocurrencies, or store them securely.
Security Features
The Cryptnox cards use NFC (near-field communication) to connect quickly and securely with your mobile phone. Compatible devices include Apple iPhone 7 and above, Pixel 5 and above, and other Android-running smartphones. This feature supports a genuine check through On-Card Dynamic Active Authentication with the manufacturer certificate chain.
The data exchange is permanently and fully protected within an AES 256-bit Secure Tunnel, with MAC for integrity and authentication. The seed generation occurs from an on-card TRNG source, and the system uses a CloudHSM-based (FIPS 140-2) key management service and Secret Manager from Amazon Web Services as backup solutions.
The Cryptnox wallet makes sure that only the owner can log into it through advanced card authentication features, including:
- The card’s PIN
- Windows Hello Biometrics (TPM)
- IOS with Biometrics (Secure Enclave)
- Yubikey Products with Personal Identity Verification Functionality (NIST 800-73-4)
- File Encryption and Decryption (Encryption Key derived from the seed)
- On-Card Transaction History and Counter Log
- On-Card Blockchain Configuration Settings
- Common Criteria EAL6+ Certified Chipset
The manufacturer strongly recommends storing your PIN and PUK together with either your backup card if you performed a Dual Card Setup or a copy of your BIP39 (12 or 24 words) seed if it was externally injected. You will require the PUK to pair your card with the biometrics of your phone when using the backup card or in case of a reset. After pairing the card to your phone, you won’t need to type in the PIN since the Cryptnox app only uses biometrics to authorize the card to sign transactions.
Compatibility
Cryptnox is compatible with popular hot wallets, like MetaMask, to which you can connect seamlessly. The same goes for other Web3 platforms like WalletConnect to enhance the functionality of your new hardware wallet. This feature lets you access all Web3 functions and use cases, such as DeFi, NFTs, and GameFi.
The seed phrase generated by the Cryptnox wallet is compatible with the BIP32 and BIP39 standards. Therefore, you can sign transactions and transfer crypto on the most used blockchain networks, including:
- The Bitcoin Mainnet
- Ethereum
- Binance Smart Chain
- Polygon
- Avalanche
- Fantom
- Arbitrum One
Supported Coins
Cryptnox enables you to store and transfer some of the most used coins in the crypto space, including Bitcoin, Ethereum, BNB, Tether, Polygon, and more. Also, you can manually add blockchains and tokens to your app’s dashboard if they are EVM compatible.
Regarding fiat currencies, Cryptnox supports the primary mediums of exchange used in international economic operations, such as USD, EUR, GBP, CHF, and JPY.
Advanced Settings
Cryptnox was developed to make crypto storage safe and easy, even for beginners. However, the hardware wallet also has advanced settings to accommodate experienced users. The mobile app has a dedicated “Expert settings” section, where you can tweak various parameters, including adding test nets, IPFS settings, and a Force Fallback feature.
You can activate the KIOSK mode and add a point-of-sale functionality to your device. Moreover, you can use multiple Cryptnox cards with only one phone application.
Lastly, you can use an existing BIP32/BIP39 seed with your Cryptnox hardware wallet. When starting the application, choose “Other Options” and “mnemonic” to inject your seed and use it safely.
The Bottom Line
Cryptnox is a reliable and convenient hardware wallet for storing cryptocurrencies, NFTs, and GameFi tokens. The device is easy to use and fast, and it benefits from the latest advances in smartcard technology. Moreover, the wallet addresses the primary concern in the crypto space – asset security – by providing a user-friendly solution ideal for beginners and experts alike.
The project appointed cybersecurity firm Cure53 – one of the industry’s top auditors – to perform a security analysis of the card firmware. This is part of the team’s commitment to deliver a top-security hardware wallet and reshape the future of crypto management.
You can buy Cryptnox here to increase the protection of your crypto assets.
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