New Delhi, December 26, 2023 — Cypherock, the trailblazing web3 security startup, proudly announces that its revolutionary product, the Cypherock X1 hardware wallet, has received an outstanding rating of 4.8/5 from Coin Bureau, a leading influencer in the web3 and blockchain sphere. This marks the highest rating ever bestowed by Coin Bureau upon a cold wallet.
Founded in 2019 by Rohan Agarwal and Vipul Saini, Cypherock aims to empower individuals with self-sovereignty, providing unparalleled control over their cryptocurrencies and digital assets, including NFTs. The Cypherock X1, designed to transform private key management, addresses the fundamental challenges faced by current crypto wallet solutions.
Notably, the Cypherock X1 stands out as a proudly Made in India hardware wallet, contributing to the growing recognition of India’s capabilities in the electronics and technology sector. This achievement is particularly significant in an industry where few global electronic gadgets are recognized as Made in India.
In a comprehensive review, Coin Bureau praised the Cypherock X1 for its exceptional features and innovative design:
“Cypherock X1 is a hardware wallet employing encrypted NFC-based cards to store users’ private keys and seed phrases. It offers an industry-leading secure option for those looking to protect their assets and mitigate the risks associated with seed phrases. With portfolio management and the ability to act as a seed phrase vault for up to 4 wallets, the Cypherock is one of the most secure wallets we’ve reviewed!” – Coin Bureau.
Cypherock X1 is an open-source hardware wallet for secure crypto storage, embracing transparency and providing users access to the codebase for scrutiny and verification. The wallet underwent rigorous audits by leading security firms KeyLabs and WalletScrutiny, cementing its position as the world’s best hardware wallet for crypto storage.
The Cypherock X1 cold wallet eliminates risks associated with seed phrase backups, offering enhanced security against potential vulnerabilities or a single point of failure. Users can import seed phrases of up to 4 wallets and use Cypherock X1 as a seed phrase backup. The wallet is accessible to both beginners and experienced users with a user-friendly interface.
Implementing Shamir Secret Sharing, the wallet enhances private key security by decentralizing cryptographic parts across multiple components – 4 X1 cards and 1 vault device. The Cypherock X1 features EAL6+ security certification with dual-chip architecture, an OLED display, and a joystick for offline transaction verification, ensuring bank-grade security.
Rohan Agarwal, Co-founder and CEO of Cypherock, expressed his gratitude, stating, “We are honored to receive this exceptional rating from Coin Bureau. It validates our relentless pursuit of excellence in redefining crypto security and empowering individuals with true self-sovereignty. We are also proud to be a part of the ‘Make in India’ initiative, showcasing the innovation and quality that India brings to the global tech landscape.”
Vipul Saini, Co-founder and CTO of Cypherock, urges users to prioritize asset and data security by switching from centralized exchanges to secure hardware wallets. Emphasizing the Coin Bureau rating, security audit by Keylabs as testaments to their commitment to security, Saini states, “Our mission is to empower individuals with control over their crypto assets and personal data, and hardware wallets like Cypherock X1 are a crucial step towards achieving that goal.”