Cypherock X1 Review – One of the safest wallets in the world

Honest review on the Cypherock X1 wallet were I show unboxing, setup, security features, coin/network support and finish of with my thoughts.

cypherock review

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Table of Contents

  1. Intro
  2. What is Cypherock?
  3. Cypherock X1 Price
  4. Cypherock unboxing
  5. Cypherock wallet use no seed phrase?
  6. Best safety feature
  7. Cypherock supported coins and blockchain networks
  8. Other wallet features
  9. Cypherock X1 wallet review- Final thoughts

Intro

I have used the Cypherock X1 wallet for a few months and compared it against 12 other crypto hardware wallets. From all those 12 different wallets, I think the Cypherock X1 is one of, if not the, safest crypto hardware wallet in the world.

What is Cypherock?

Cypherock is a crypto cold wallet company based in Singapore that started in 2019.

cypherock crypto wallet

Cypherock X1 Price

The price of the Cypherock X1 is $159 but you are able to get it for $132 by using the discount code “nordic-crypto”. That way you can get the this hardware wallet cheaper by using the discount code.

Cypherock unboxing

The wallet consists of five parts, 4 cards and one X1 Vault device. The X1 Vault device is the small black device with a joystick on top. The package includes a usb cable, that is used for powering and to connect to your computer. It even includes a USB-C adapter for those who use Mac computers. Each card comes with a plastic housing for further protection. Inside the package is also a setup guide.

cypherock unboxing

Cypherock wallet use no seed phrase?

The Cypherock X1 is not intended to be used with a seed phrase backup (even though you can). The main way of backing up your private key to your crypto is that the wallet splits the private key onto the 5 parts. To access your crypto you need at least 2 of the parts, and on top of that a pin code. So even if you lose or someone steals 3 parts you can still restore your crypto with the last 2 parts. So a safe way is to store the cards in different locations. The fact that this wallet does not rely on seed phrases is one reason to why this wallet is so safe.

Best safety feature

The best security feature with the Cypherock is that the cards firmware are not-updateable. That means that new firmware can not be installed onto the cards themselves, and that is a good thing. That is because it keeps the wallet safe from backdoor hacking, which is a vulnerability we have seen before being compromised. Last time we saw that happen was at the end of 2023 with the Ledger wallets connect kit, were some users lost their crypto funds. Non updatable firmware is a big plus from me.

cypherock seed phrase

Cypherock supported coins and blockchain networks

Cypherock support 3000 native coins. They support a few different blockchain networks like Ethereum, Binance smart chain, Avalanche, Arbitrum, Polygon and optimism etc. So their coin support is likely enough for most people & more networks are going to be added over time. Here you can see a list of all the Cypherock X1’s supported coins and networks.

Other wallet features

Cypherock X1 support NFT storage. The wallet also have a Wallet Connect feature which enables users to connect to Dapps if one would want that. The wallet or CySync program does not have a built in swap feature within the wallet/program just yet.

cypherock unboxing

Cypherock X1 wallet review- Final thoughts

I like that Cypherock comes with all 5 parts in the same package and that we don’t need to buy any additional stuff. The setup goes fast and usage is very beginner friendly. The best aspect about the wallet I think is that it does not rely on physical seed phrases and that the wallet firmware is not updatable. That is what makes Cypherock one of the safest wallets in the world. Those exact same safety features we also see with the Tangem wallet, which you can read about here.



See my Top Crypto cold wallets 2024 video below

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