![]() ![]() When the PIN is entered 10 times incorrectly, all data on the device will be cleared. The PIN verification needs to be reactivated after being in the background for 1 minute. If the device is rooted, the APP cannot be installed. The screenshot is not allowed in the backup mnemonic interface. After using mnemonic password protection, as long as the mnemonic and mnemonic passwords are not leaked at the same time, your assets won’t be in risk. Different mnemonic passwords will create different empty wallets. ![]() The mnemonic password is supported to use to protect mnemonic words. When a signature is required, the transaction content is parsed to display the transaction data that needs to be signed, and users sign it after confirmation. The data is encrypted by the RSA256 algorithm to generate a QR code, and the hot and cold wallets interact through the QR code. The file storage uses standard KeyStore encryption algorithm to store in the local security area of mobile phone. It uses the standard KeyStore encryption algorithm to add salt to the trading password with the unique identification code of the device, increases the difficulty of the private key and device relevance, takes the salted result as the private key, and encrypts it after 2048 iterations to ensure the operation is safe enough and there is no possibility of cracking. The private key is generated dynamically when needed. PIN is required when entering the wallet, and the PIN verification needs to be reactivated after being in the background for 1 minute. Once WiFi and mobile networks is detected, the APP will be forced not to enter. To protect users’ assets, HyperKey adopts the following security strategies: ![]() The Information Wallet doesn’t have mnemonic words and private keys which are the keys to directly control the account, so it can only view the asset balance and broadcast transactions. Using the device installed HyperPay to scan the QR code of setting Information Wallet on the other device equipped with HyperKey, users can create an Information Wallet directly and quickly. Users can use a mobile phone to install the HyperKey APP as an offline wallet, turn off the network or switch to Flight mode, and use it in concert with another mobile phone equipped with HyperPay Information Wallet. With security level comparable to hardware wallet, it is more convenient, portable, and affordable. It must be used in a networkless environment. HyperKey is a cryptocurrency offline signing tool that only provides cryptographic signature and public key address viewing functions. Paper wallet is easily damaged or lost, and hardware wallet is complicated to operate while the price is very expensive.ĭue to the above pain points, HyperPay launched HyperKey APP. However, its disadvantages are also inevitable. Cold wallet is very secure as it never connects to the Internet. It only can conduct basic operations of offline signature and address checking. It is the safest way to store cryptocurrencies. Paper wallet and hardware wallet are all cold wallets. In 2019, there were more than 28 exchange security incidents worldwide, which resulted in a total loss of more than $ 1.3 billion, of which more than 70% were stolen from exchanges.įor gold, people can only trust physical safes, and for private keys, cold wallets is a better choice.Ĭold wallet, also known as offline wallet, is used without any network environment. However, most trading platforms are not professional escrow companies, so it is actually risky that users expects the exchange to protect their own assets. There is a saying in the cryptocurrency industry: “If you don’t have a private key, you don’t have a cryptocurrency.” The act of users storing crypto assets in a centralized exchange is equivalent to entrusting the private key to the exchange. ![]() The security of crypto asset is invariably the most concern of crypto industry. ![]()
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