Self-custody wallets are the go-to storage solutions for those who want full control of their crypto assets. However, they are prone to physical attacks and a seed phrase loss could mean the end of your funds. We also have inheritance problems that come from the irretrievability of lost keys.
With Cypherock X1, you not only get a self-custody wallet but decentralized security for your private keys. In other words, your keys are never stored in one central location, eliminating the single point of failure that other typical wallets have. With security taken care of, Cypherock Cover steps in to ensure secure and simplified inheritance.
Decentralize Wallet Protection with Cypherock X1
Cypherock X1 is a hardware wallet fully audited by KeyLabs with pass marks from WalletScrutiny. It decentralizes your private keys into five shards cryptographically and houses them in five tamper-resistant hardware components—4 X1 cards and one vault device. One standout feature here is that you can make a crypto transaction with one X1 card and your vault device.
The X1 vault has a dual-chip architecture for offline computation and verification. You can easily verify and sign transactions offline, thanks to the included OLED display and joystick but it gets better. All X1 cards are just as secure as your bank’s credit card. They are not only NFC-based smartcards but also have EAL 6+ secure elements.
To prevent a single point of failure as regards your private keys, Cypherock X1 combines its five components with Shamir’s Secret Sharing. You can lose one or two components and still have full access to your crypto assets. All you need for a crypto transaction is one X1 card and the X1 vault. Simply tap any of the X1 cards on the vault and you are good to go.
With this approach, Cypherock X1 eliminates the need for a seed phrase, further strengthening the wallet’s security.
With Cypherock X1, you can store up to 9,000 coins and tokens. These include the major ones like BTC, MATIC, ETH, DOGE, etc. Manage them all through the CySync app, which comes with your Cypherock X1 wallet.
If you need to make transactions around NFTs or DeFis, Cypherock X1 offers seamless connection through WalletConnect.
Support for 4 Wallets and Other Cypherock X1 Features
There’s no need to worry about your other self-custody wallets when you get Cypherock X1. That is because you can use Cypherock X1 to store the seed phrases for your other wallets.
Cypherock X1 allows you to create 4 different wallets and assign different profiles for your DeFi assets, BTC, NFTs, and other digital assets.
Other advanced features Cypherock X1 offers include the following:
- Multi-account support with the CySyncy app, which allows you to manage different accounts for a coin
- The CySyncy app comes with email 2FA
- Support for passphrases for extra security
- Track your entire crypto portfolio from one platform
- Compatibility with BIP39 wallets like Ledger, Metamask, Trezor, Trust Wallet, etc.
Pass On Your Assets Without Compromising Privacy and Security with Cypherock Cover
With its non-custodial and non-KYC nature, Cypherock Cover stands out as a hardware-based security service. Its core function is to prevent asset loss when you lose your PIN or when the owner passes on. The service uses Cypherock X1’s innovative architecture to provide secure inheritance and censorship-resistant recovery solutions for its users.
The current secure recovery and inheritance mechanisms have significant limitations and high levels of risk. Some lack scalability or centralization even with their on-chain protocols, seed phrases in wills, and custodial services.
Cypherock Cover’s approach is multi-chain and interoperable. With it, you can transfer assets to anyone you want without Cyppherock’s control over the assets.
You can use Cypherock Cover for various tokens and wallets thanks to its multi-chain compatibility. The security service also offers nation-state and attack resistance, but it gets even better. You’ll have affordability and never have to worry about vendor lock-in.
As for integration with Cypherock X1, Cypherock Cover works seamlessly with the wallet, allowing you to import up to four BIP39 wallets as you would with Cypherock X1. You can effortlessly set up inheritance plans for each wallet and enjoy multi-chain compatibility with your assets.
With Cypherock Cover’s support for different blockchains and tokens, portfolio management under a single inheritance plan never got better. The comprehensive coverage holds up well for Bitcoin, Ethereum, and other major crypto assets, just as it does for less popular tokens.
Pick the Right Plan: PIN and Estate Recovery
Cypherrock Cover offers two plans:
- Silver Plan: This plan only covers PIN recovery
- Gold Plan: This plan covers both PIN and estate recovery with a free Cypherock X1 wallet if you subscribe for two years (limited offer)
The PIN Recovery Feature
Again, Cypherock Cover uses the same decentralized approach as the Cypherock X1 wallet. It splits the PIN into multiple parts with the in-house decentralized architecture but not before encrypting it with industry-standard Advanced Encryption Standard (AES).
If you ever forget your PIN, simply request a secure, encrypted reminder email. Even so, the reminder will be tied to the master seed phrase, ensuring you retain control over your assets at all times.
The PIN recovery feature works across Cypherock X1 devices in case you ever need to upgrade or replace your hardware.
The Estate Recovery Feature
For a robust recovery system, the Estate Recovery option allows you to designate trust nominees while still retaining control of your assets. All nominees will receive a Cypherock X1 card linked to your wallet. As if that weren’t enough, Cypherock Cover will create recovery details for each nominee and keep these details unreadable until the Estate Recovery option triggers it.
As for the trigger, simply define the inactivity level and let Cypherock Cover do the rest.
Cypherock X1 and Cypherock Cover: The Next Generation Wallet and Recovery Service
Cypherock X1 and Cypherock Cover have not only achieved decentralized security but have also offered a scalable solution to crypto asset management and recovery. Both products have addressed pain points like single-point failures and recovery and inheritance bottlenecks when it comes to storing your digital assets.
Get started with Cypherock X1 today to secure your assets, while Cypherock Cover ensures easy inheritance when the need arises.
