Air-gapped wallet that does not need to connect to an online device.
Multiple cryptocurrency support.
Cobo was founded at the height of Bitcoin’s 2017 bull market by Discus Fish (CEO) and Changhao Jiang (CTO). The company is headquartered in Beijing with offices in Shanghai, Xian, and Seattle. Fish founded F2Pool, a mining pool company, and Jiang is a former Facebook engineer. Their company provides the needed tools for individuals and institutions to custody their cryptocurrencies. Cobo emphasizes their long-term approach in security, reliability, and convenience for their customers. They address all major storage markets with products like: Cobo wallet (a hot wallet to store crypto on mobile devices that are connected to the internet), Cobo Vault (a cold wallet that does not connect to devices with internet access), and Cobo custody for those who want the convenience of having Cobo manage the storage solutions for them. Along with security, Cobo’s mission is to be a one-stop shop for everything crypto by supporting 12 different coins (with the Cobo Vault Pro device), 700 tokens, and providing access to an integrated DApp store (decentralized applications that run on distributed computer networks).
The Cobo Vault Pro device comes in a box sealed in plastic. Make sure that the packaging is not tampered with or opened. Inside the package, you will find the following:
Cobo Vault versus Coldcard
If a user is interested in using an air-gapped feature with their hardware wallet to add an extra layer of security, they may find Cobo Vault to be more straightforward than its competitors.
The Cobo Vault device supports 12 cryptocurrencies and a number of ETH, TRON, and EOS digital tokens. Here are the most popular:
Setting up your your Cobo Vault device:
The pros of using the Cobo Vault wallet are:
The cons of using the Cobo Vault wallet are:
The recovery seed is a set of 24 words that need to be written down in sequential order. Recovery seeds are a method for saving your private key in a readable format rather than using a very long series of numbers and letters. Whoever has access to your recovery seed can gain control of your wallet. It is imperative to keep it safe and private.
Cobo Vault supports: BTC, ETH, BCH, DASH, DCR, EOS, ETC, IOST, LTC, TRON, XRP, XZC, DOT, KSM, TCFX, ERC20, TRC20, and EOS Tokens. Here is a list of supported assets.
As long as you have the seed phrase written down on a non-digital material, you may import that seed phrase onto a new device. By doing so, you will gain back access to all your funds.
A watch-only wallet is required to be used with a Cobo Vault device because it is only to be used as a storage device for the private keys. Using a preferred software wallet (watch-only wallet) with Cobo Vault allows the user to decide which interface they are most comfortable with. The user may only view their balances and transactions with the phone app and the Cobo Vault Pro device is used only for verifying and signing transactions.
Cobo Vault supports importing 12/18/24-word recovery phrases generated by any BIP39 wallet. Precautions: Cobo Vault supports segwit addresses for BTC, which require less fees than legacy addresses for the same transaction. You can manage assets on other formatted addresses with Cobo Vault when using Electrum, Bluewallet, Wasabi Wallet or Specter as your watch-only wallet.
PSBT is an emerging standard for "Partially Signed Bitcoin Transactions" or BIP 174. The Cobo Vault device uses PSBT with the attached camera to scan addresses and never connect to another device. This added security layer ensures that the Cobo Vault Pro is much less likely to be compromised from an infected device.
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