SecuX V20 & W20 Review  – Is SecuX Safe & Legit? – CaptainAltcoin
SecuX V20 & W20 Review  – Is SecuX Safe & Legit?
It comes with a large screen(2.8 inches). This makes it easier to view and approve transactions ✅
Its 600 mAH battery ensures that it can be used for extended periods(up to seven hours non-stop) ✅
It is EAL5+ certified. This simply means it is very secure ✅
The hidden wallet feature is unique and adds another layer of protection to it ✅
It has cross-platform operability. Thus, it can store cryptocurrencies and make transactions across multiple chains ✅
Cryptocurrency support is extensive, and there are always more being added ✅
Whether you’ve been in the cryptocurrency space for some time or you’re just starting, you would agree with me that having a cryptocurrency wallet is very important. Even more important is having a wallet that rates high on security.
The SecuX v20 wallet is worthy of consideration. In a world where hardware wallets are gaining more traction because of their high levels of security, this wallet commands respect and proves to be one of the best.
This article will bring out the features of the Secux v20 wallet and show you whether or not it’s meant for you. Come on, let’s have a look.
- 1 INTRODUCTION
- 2 KEY FEATURES OF SECUX V20
- 3 WHO SHOULD USE THE SECUX V20 WALLET
- 4 PRICE
- 5 SECURITY
- 6 CREATING A NEW WALLET
- 7 CONNECTING TO YOUR COMPUTER
- 8 SUPPORTED CRYPTOCURRENCIES
- 9 OS AND HARDWARE SUPPORT WITH SECUX V20
- 10 VERDICT
- 11 SECUX V20 VERSUS LEDGER NANO X
- 12 SECUX V20 VS SECUX W20
- 13 FREQUENTLY ASKED QUESTIONS
SecuX Technology Inc., a Taiwanese company that specializes in blockchain security, developed the SecuX v20 wallet. This company deals in making innovative products for cryptocurrency transactions.
KEY FEATURES OF SECUX V20
- The wallet comes with a 2.8-inch touchscreen which is one of the biggest dimensions of hardware wallets
- It is sturdy-looking with a diamond-shaped design and a rubber padding
- It has AES-256 technology for secure BlueTooth connections
- It has just one USB port
- It is EAL5+ secure(we’ll talk more about that later.)
- It supports over 1000 cryptocurrencies, including the major ones(like BTC, ETH, XRP, etc.) and ERC-20 tokens.
- It comes with a 600mAH battery.
- It has QR code support
- It is 1.5 by 9.8 by 9.8 cm in dimensions
- The device has an inbuilt browser and applications compatible with Android and iOS.
WHO SHOULD USE THE SECUX V20 WALLET
The Secux v20 wallet can be used by anyone with an interest in cryptocurrencies. If you’re an hodler(Yes, it’s not a typo), you’ll benefit from the long-term storage security that the wallet offers.
What if you’re a trader? You’ll likely be more interested in a wallet that makes it easy to complete transactions in seconds. Not to worry, the SecuX wallet does just that. With its in-built browser and the SecuX app on Android and iOS, you’ll easily make transactions on the go.
Nothing good comes cheap, right? That could be one of the reasons the SecuX wallet is more expensive than many other hardware wallets, even Ledger Nano X. It sells for $139 at the time of writing. What is the value for money? Read on to find out.
This is the main selling point of the SecuX wallet(or any other hardware wallet for that matter). We will now examine three different security features of the SecuX v20 wallet that make it a worthy rival in the hardware wallet industry:
- CC EAL5+ secure element: I agree; that looks like some technical mumbo jumbo. However, would it help if I told you that Mastercard and Visa use this secure element for their credit and debit cards? It makes more sense now, right?
EAL simply means Evaluation Assurance Level. There are seven EAL levels, with EAL7 being the most quality-assured of them all. However, in terms of crypto security, EAL5+ provides the highest defense against penetration threats.
I hope you now understand why it is an excellent thing that the SecuX v20 wallet has an EAL5+ rating. That shows you how secure it is
- PIN CODE: This is the number required to access and operate your SecuX wallet. PIN codes are a regular part of any security setup. However, the SecuX v20 adds another layer of protection by ensuring that the wallet is wiped after entering the incorrect pin for the fifth time
- PASSPHRASE: This is also referred to as the 25th word and is another unique feature of the SecuX v20 wallet. To better explain what the passphrase does, let me explain another SecuX concept: The hidden wallet:
The hidden wallet, as implied, is an extra wallet where you can keep the bulk of your crypto assets. Thus, in the event of an attack, you may lose a few crypto assets in your main wallet, but you’ll still have the bulk of your net worth safely stored in the hidden wallet.
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It requires a unique passphrase(in addition to the 24 recovery words) for installing and recovering the hidden wallet. For everyday use, it requires a PIN code(different from the one you use for the primary account) for access and operation.
This additional security measure makes SecuX v20 stand out among its peers.
CREATING A NEW WALLET
Follow these steps:
- Keep the power button pressed for two seconds to turn the device on. Press ‘Get Started’ to begin.
- You’ll be asked to enter your PIN code(4 to 8 digits). Do that and press ‘Next.’
- Confirm your PIN code
- Create a name for your device that will pop up during BlueTooth or USB connection(you can use up to fifteen alphabetical characters). After you’ve done that, press ‘next.’
- Select ‘Yes’ when asked if you want to set up a new wallet. Then press ‘continue.’
- The device generates your 24 recovery words in four batches. Write them down and click ‘Next’.
- Confirm your recovery words.
- Congratulations, your hardware wallet is ready to go!
CONNECTING TO YOUR COMPUTER
There are two ways to connect your wallet with your computer – via USB or BlueTooth
Via USB: Before connecting to your computer with a USB, ensure that your BlueTooth is off. Also, confirm that your computer is running one of the following operating systems:
- Mac OS 10.13.6
- Windows 10+
- Chrome OS
In addition, confirm that your browser is Chrome V.71+.
Have you done all that? Alright, let’s list the next steps you’ll follow:
- Connect your SecuX v20 to your computer using the USB port
- Click here to access the SecuXess web application
- Click on USB
- Locate and click on your device’s name
- You are connected!
That wasn’t so hard, was it? Let me show you how to connect via BlueTooth
Via BlueTooth: BlueTooth connection to your computer has the same system requirements as for USB. Once you’ve confirmed that your computer qualifies, follow these steps:
- Unlock the wallet with your PIN
- Click on the BlueTooth icon from the settings
- Make sure that Bluetooth is enabled on your computer
- Using a web browser, go to SecuXess (Google Chrome currently is the only supported browser)
- On the SecuXess website, click on Bluetooth
- Click on the device name and connect.
- You are connected!
OS AND HARDWARE SUPPORT WITH SECUX V20
SecuX v20 wallet supports Windows 10+, Linux, Chrome OS, and Mac OS 10.13.6 on computers. Android and iOS systems are supported on phones.
The SecuX v20 wallet is one of the best hardware wallets in the markets currently. As a storage device for crypto assets, it comes with an EAL5+ certification, one of the highest security ratings in the field. There is also a hidden wallet feature that adds an extra level of security.
Even though it achieves high-security ratings, the user experience is not cumbersome. Transactions are usually fast and more visible with the large touchscreen. It is also smooth to the touch and pleasing to the eyes.
It’s not all gold, though, as the BlueTooth connectivity feature means that there is an attack vector for hackers to build on. That hasn’t happened before, but it is still something to be concerned about.
All in all, if you are looking for a portable wallet with great functionality and impressive security features, you can’t go wrong with SecuX v20.
SECUX V20 VERSUS LEDGER NANO X
They are both leading names in the hardware wallet industry and have certain similarities like BlueTooth connectivity, in-built browsers, USB ports, etc. However, they present with the following differences:
- The Ledger Nano X device battery is about 100 mAH, while the SecuX v20 device battery is about 600 mAH.
- In terms of price, the SecuX is about twenty dollars more expensive than Nano X.
- The SecuX v20 wallet has only one button at the side, while Ledger Nano X has two.
- The hidden wallet and passphrase features(which the SecuX wallet is known for) are not present in the Ledger Nano X.
- The Nano X supports more coins.
So, which should you go for? It depends on how much you can spare for a crypto wallet and which one has the features you look for in a wallet. Both of them are good, though, so don’t be too stuck on choosing either.
SECUX V20 VS SECUX W20
In terms of usability and functionality, these are identical wallets. The only difference is in their physical properties: Secux W20 weighs only 62g and comes in 1.3 x 8.9 x 5.9 cm dimensions. Secux V20 is 120g heavy and a bit larger at 1.5 x 9.8 x 9.8 cm.
Also, Secux V20 is $20 more expensive at $139 vs $119 price tag for Secux W20.
FREQUENTLY ASKED QUESTIONS
Is the SecuX v20 safe?
Yes, it is safe. Consider the following reasons:
First, the company behind the wallet, SecuX technology inc., is a credible one with leading innovations in the crypto world. They were voted the best cross-platform crypto wallet in 2019 by CV magazine, a UK magazine company.
Secondly, the wallet itself comes with a CC EAL5+ secure element which is quite a big deal in the wallet security department. That is the same secure element that Ledger uses and is also used by Mastercard and Visa for their debit and credit cards.
How does SecuX v20 work?
The SecuX v20 keeps your assets on a CC EAL5+ secure chip to ensure they are never exposed to the online world. After creating and backing up your recovery words, you choose a PIN code with which you can access and operate the wallet’s functions
You can also choose the ‘hidden wallet’ option under settings. There, you would have to select a passphrase in addition to your recovery words and a PIN code different from your original PIN code.
If you want to access the internet, you can do that through SecuXess, the wallet’s web application. From there, you can gain access to various DApps and utilize your cryptocurrencies as you deem fit.
What happens if I lose my SecuX v20?
If this happens, you don’t need to fret. Your assets are actually stored on the blockchain network. Therefore, as long as you remembered to back up your recovery words on a piece of paper or other forms of storage, you are covered.
You’ll need to get a new wallet and restore the existing wallet on it. Bear in mind that if you can’t recall your recovery words, there is no way SecuX can help you as they do not store your recovery words for you.
What would happen if SecuX goes out of business?
You would still be able to access your crypto assets on a third-party website using your recovery words. This is because your crypto assets and transactions are on the blockchain network, not on SecuX’s records.
Does SecuX support Vechain?
Yes and No. As of writing, SecuX does not offer support for Vechain coin(VET). However, it provides support for coins built on the Vechain network. VET coins will not appear in your wallet if you transfer them. However, you can recover them by following this guide.
CaptainAltcoin’s writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com