Are you a crypto enthusiast? Then, you’ve probably heard of the various types of cryptocurrency wallets. Hence, perhaps you are here to discover the safest storage options for your coins; you’re at the right place.
SecuX produces some of the most recommended and famous cryptocurrency wallets currently in the market. So, perhaps you are looking forward to buying a hardware wallet and want to know more about SecuX Online Shop. In that case, here is a guide to tell you all you need to know about secuxtech.com.
In this review, we will let you know what it is and what it does as well as explore the pros and cons. The review also includes an in-depth analysis of its security features and its supported coins. Then, if you decide to go ahead and purchase any of SecuX products, this review will also provide you with a stepwise guide on how you can set them up.
That said, let’s get started by finding out what SecuX is all about.
What is SecuX?
As you probably know, information theft from a computer isn’t so difficult nowadays. Therefore, if the computer that runs your cryptocurrency wallet becomes infected with malware, you might be at risk of losing some private information to hackers. This may include your cryptocurrency wallet’s key. And when they know your key, your cryptocurrencies might no longer be under your control, as they can transfer them to anywhere they like.
Due to the prevalence of this and several other cryptocurrency security issues, SecuX Technology, a Taiwan-based startup founded in 2018, took up the initiative to develop a comprehensive solution to help people secure their digital assets through the crypto hardware wallet. This hardware wallet allows you to store, send, and receive various cryptocurrencies. Furthermore, these wallets — the SecuX V20, W20, W10 — launched in 2019, are much safer than the traditional software versions because you can now hold your private keys on a physical device rather than on a desktop computer or mobile phone. The wallet doesn’t connect to the internet; hence, no hacker can access your funds — the most notable point in this SecuX review.
SecuX Supported Coins
The wallets created by this brand are multi-currency wallets. That implies that they can store a lot of several cryptocurrencies. It is an excellent option for you if you have a portfolio that has multiple and distinct cryptos.
Furthermore, these wallets can store all Ethereum-based ERC-20 coins. This feat is a significant one as there are thousands of Ethereum based cryptocurrencies in the market. Remember, the SecuX team is continually working relentlessly to expand the range of coins they support. Therefore, keep checking their official website constantly for updates regarding their latest releases.
Pros of SecuX Wallets
As you have probably inferred from several other user’s reviews about SecuX, the most significant advantage of purchasing a wallet of theirs is that it is the safest approach to storing your cryptocurrencies with Infineon SLE solid Flash CC EAL5+ Secure Element chip. To better understand the extent of its security, let us explain how it works.
Probably, one of the most awe-inspiring features that give SecuX wallets an edge over their competitors of a similar price range is the ability to send/receive coins without exposing your private key. The private key is securely stored in the Secure Element chip and never leaves the device. As mentioned earlier, this is very different from keeping your coins on a web wallet, mobile phone, or desktop, as hackers are always on the move to create new strategies to infect it with malware.
That said, let’s talk about accessing your wallets. With 2.8 inch color touchscreen, the wallets’ interface is user-friendly and easy to use, even for beginners. Whether you want to check your balance, receive or send coins, you must enter your Personal Identification Number, PIN. Only you must set up and know this PIN when setting up your device to ensure maximum security.
Furthermore, when setting up SecuX wallets, you’ll be given a backup passphrase which we advise that you write it down. Suppose you misplace your wallet, then using the backup passphrase, you would be able to recover your coins into another wallet. With all that said, although you might have noticed the widespread of software wallets getting hacked, the features mentioned above make the SecuX wallets almost hack-proof.
After each transaction with these devices, you can directly view your balances on its screen. Here is another handy feature that kills the need to connect this wallet to another device if you want to check your balance. However, if your deposit is made through the on-screen QR code, you might need to connect the wallets to another device for an update before the deposit amount shows on the wallet.
So, now that you are aware of the benefits and advantages of SecuX best cross-platform hardware wallets. Let’s check out some of the downsides.
The Downsides of SecuX Wallets
For its worth, we firmly believe that it’s tough to go back to its competitors after getting a taste of SecuX. However, we’ll discuss those things we think are lacking in SecuX products.
Firstly, unlike software wallets, the SecuX products, just like other hardware wallets, are not free. As of the time of writing this review, three hardware wallets are available; the V20 Flagship hardware wallet, which goes for 139 USD; the W20 Fantasy hardware wallet, which goes for 119 USD; and the W10 Lite hardware wallet, priced at 69 USD. Although you might get it cheaper from other retailers, we do not recommend that. Here’s why. There is no guarantee that the unauthorized retailer hasn’t installed malware or virus within the hardware, which could provide them with unrestricted access to your coins. Hence, always purchase directly from the manufacturer or authorized retailers.
Another significant downside is the inconvenience. However, comparing the ease-of-use to that of software wallets, the gap was not so wide. It’s something you could handle, as long as it ensures security. When it comes to sending your cryptocurrencies to another person, you must plug the wallet into a desktop or connect via Bluetooth to a mobile phone, tablet or computer. This time and effort required to send coins constitute its inconvenience when compared to the software wallet.
To guarantee maximum and 360° all-around protection of SecuX products, the team releases firmware updates regularly. These updates are similar to your iOS or Android updates, and they aim to raise your device’s security.
Unlike the windows, iOS, and other operating system’s firmware updates, SecuX updates are not automatic. You must ensure that you update your device yourself whenever SecuX releases an update.
A General Guide on Setting up Your SecuX Wallets
When you first open the box, here a list of items you would see;
- Wallet device
- USB cable
- Wallet pouch
- Quick start guide
- Read Me First
- Recovery sheets
I. On opening the box, the first thing to do is charge your device. You can do so by connecting it to a USB power adapter using the cable available in the box. Before first-time use, we recommend charging for at least 2 hours.
II. Next is to set your pin. The pin must be from 4 to 8 digits, and you’ll need to access your device for future use. However, note that, when using the device after setup, a failed five-pin attempt will result in a complete reset of your device, requiring your recovery words to unlock.
III. The next thing is to set the device name. Every device has a default factory name which you can change to anything of your choice. What we absolutely love about these devices is the ability to write your name using the QWERTY keyboard without connecting to a computer. However, the keyboard tends to be unresponsive at times.
IV. On inserting your details, you now need to configure your wallet as a new device by generating new private keys and passphrase or recover pre-existing configurations by importing a pre-existing passphrase. This process is relatively easy and effortless.
V. After configuration, you now have a recovery phrase that you can capture on your recovery sheets. On capturing, you can then confirm the word on your device. Here, the device offers an autofill option which we believe is commendable. After completing the whole process, SecuX initializes and stores the relevant keys in an Infineon SLE solid Flash CC EAL5+ Secure Element chip. Sending and receiving coins is relatively straightforward. All you need is to follow the user’s guide duly.
If you have read every bit of this SecuX wallet review, then with an understanding of what it is, what it does, and its difference compared to the software wallets, you should now be better equipped to make informed decisions.
Furthermore, you should also better understand the security features, giving it an edge over mobile and desktop wallets. If you want to opt-in for a hardware wallet, SecuX would be a good choice.
SecuX Hardware Wallet is available for purchase on their website. Those interested in buying right away can get up to 15% discounts on the purchase.
SecuX V20 and W20 wallets — 15% off with coupon code “ thecapital ”
SecuX W10 wallet — 10% off with coupon code “ thecapitalw10 ”
Disclaimer: This article is not intended to be a source of investment, financial, technical, tax, or legal advice. All of this content is for informational purposes only. Readers should do their own research. The Capital is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by reliance on any information mentioned in this article.