Cypherock X1 Review

If you’re the type of person who often forgets seed phrases or struggles to keep them safe, this Cypherock X1 review is for you. The hardware wallet takes a unique approach to crypto security with its seedless architecture and decentralized key management, splitting your private key across four X1 cards and a vault.

While its security features are innovative, Cypherock X1 does fall behind popular hardware wallets like Ledger Flex and Trezor Safe 5, which offer modern touchscreens, sleek designs, and additional functionalities such as staking.

For those intrigued by its seedless approach or curious about how it compares to other storage solutions, let’s dive into this Cypherock wallet review to see if it’s worth a try – or if you should pass.

Cypherock X1 Review: Quick Overview

Before jumping into the detailed Cypherock X1 review, this quick overview highlights everything you need to know about the hardware wallet's key features, pricing, and supported integrations.

Table: Overview of Cypherock features

Overall, Cypherock X1 offers a crypto security strategy that you may not find in other wallets – it has encrypted cards and a seedless system. While it stands out in fund safety and usability, its price point and desktop-only availability may not suit everyone. As always, carefully weigh the features and costs, then compare these aspects to other options to ensure you make the best decision.

Cypherock X1 Alternatives

While Cypherock X1 stands out for its unique security features, other hardware wallets like Ledger Flex, Trezor Safe 5, and SafePal X1 offer competitive advantages, particularly for users prioritizing affordability or a sleeker design.

Let's delve deeper into how these wallets compare to Cypherock X1:

• Ledger Flex. A popular choice offering an elegant design with a touchscreen for better usability. Additionally, its mobile app integration provides added convenience for on-the-go crypto management.
• Trezor Safe 5. Known for its user-friendly interface, multilingual support, and Gorilla Glass screen protection for more durable use.
• SafePal X1. A more affordable option focusing on QR code-based transactions. While it lacks some advanced features of Cypherock, its portability and straightforward functionality make it a strong contender.

	LEDGER FLEX	TREZOR SAFE 5	SAFEPAL
Overall Score	9.8	9.4	7.9
Wallet Type	Hardware	Hardware	Hardware
Best For	Extra Secure Crypto Storing & Managing	Secure Crypto Management & Storage	Safeguarding Your Cryptocurrency
Latest Coupons	Get deal All Ledger Flex Coupons	Get deal All Trezor Safe 5 Coupons	See All Coupons of Best Wallets
Verdict	Ledger Flex is a secure and user-friendly wallet with support for thousands of coins and tokens.	One of the most secure cold hardware wallets on the market.	A unique crypto wallet project with an emphasis on security.
	Visit site Read review	Visit site Read review	See TOP10 Brands Read review

Table: Comparison of Ledger Flex, Trezor Safe 5, and SafePal

You'll find a deeper comparison of Cypherock X1 versus these wallets further in my review.

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Who’s Cypherock X1 For?

Compared to other popular hardware wallets, X1 stands out due to its seedless architecture and encrypted NFC cards. Even some user Cypherock reviews highlight that their parents can easily use the device. They don't have to worry about memorizing or storing seed phrases while maintaining peace of mind, even if the device is lost.

Based on my experience in using the Cypherock X1 hardware wallet, it can be a good option for:

• Families or individuals seeking fund separation. Perfect for those who want to allocate funds across different "wallets" through its four cards for better organization or shared access.
• Security-conscious users. Its advanced private key distribution and encrypted NFC card system offer unmatched protection.
• Tech-savvy individuals. Designed for users comfortable with cutting-edge technology who appreciate the innovative approach to crypto storage.

Whether you’re safeguarding a family’s assets, managing multiple wallets, or prioritizing security above all else, Cypherock X1 offers a solution to meet those needs.

📚 Read More: A Guide to Managing Multiple Wallets

Advantages

Cypherock X1 boasts numerous benefits that set it apart in the hardware wallet market:

• No seed phrase vulnerability;
• Multi-wallet support;
• Open-source and audited;
• cySync app for crypto swapping, buying, and connecting to dApps.

One of the standout features of the Cypherock X1 is its seedless architecture. Instead of relying on seed phrases, it has a private key distribution system called Shamir Secret Sharing, splitting your private key across four encrypted NFC cards.

Known as a reliable contactless payment technology,^[1] NFC in Cypherock X1 facilitates secure communication between the X1 Cards and the X1 Vault. Each card can hold a private key for a different wallet, helping you manage multiple portfolios or share between users for multi-wallet private key management.

For example, use one wallet account for storing non-fungible tokens (NFTs) and another for storing just BTC.

Besides security, transparency is another core strength worth mentioning in this Cypherock X1 review. Its open-source nature allows the community to review and verify the code, while regular audits by top security firms ensure the wallet’s reliability and trustworthiness.

In case you want to buy crypto directly, it's possible to do it via its cySync app, similar to what Ledger has on its Ledger Live. The cySync app allows users to buy crypto using a fiat on-ramp (powered by Binance Connect).

Also, you can use cySync to view and track other wallets (you just need to import their seed phrases), connect to dApps via WalletConnect, and swap between 1,000+ cryptos across 15+ networks.

📚 Read More: Crypto Wallet Security

Limitations

While Cypherock X1 offers multiple advantages, it’s always a wise move to explore its limitations for a more balanced perspective. After trying out the wallet and checking many Cypherock X1 reviews from other users, I gathered a few drawbacks to consider:

• Mixed product quality;
• Plastic casing;
• No mobile app.

I've noticed that some users have reported inconsistencies in the manufacturing quality of Cypherock X1 and its accompanying NFC cards. While many devices perform flawlessly, occasional defects or operational issues can detract from the overall user experience, especially for a product at this price point.

Besides that, a trade-off of the Cypherock X1's innovative technology is its plastic casing. While the material is lightweight and portable, it may be less durable than the metal-bodied frame of Ledger Flex, for example.

Furthermore, Cypherock X1 doesn't currently offer mobile app support, limiting its accessibility to desktop software on Windows, Mac, and Linux.

Price

In terms of Cypherock wallet price, there are no ongoing subscription fees. When you buy it, you get all the necessary components in a bundle. Though, you can also purchase them separately if need be:

Table: The pricing structure on Cypherock

While the initial investment for the Cypherock X1 may seem higher, it emphasizes advanced security features and innovative technology that may justify the cost for users prioritizing maximum protection for their cryptocurrency holdings.

Since it offers buying and swapping functionality on the cySync app, expect transaction fees. However, they might differ based on assets in question, network congestion, and so on.

Security

Security is central to why traders consider Cypherock. The focus on innovative protection measures, such as the seedless architecture and multi-card system, make it stand out in the hardware wallet market.

First, let’s talk about the main device: the X1 Vault. It uses a dual-chip setup with an STM32 microcontroller and ATECC608A chip to generate a random number. The approach minimizes the reliance on any single chip manufacturer and reduces the risk of vulnerabilities through their supply chain.

Still, I think “the main character” is the X1 Cards, which use these security mechanisms:

• Seedless architecture;
• NFC card encryption;
• Bank-grade security;

Typically, when using a self-custody wallet, traders need to remember (or store) their seed phrases^[2] to access and manage their funds. Cypherock X1 is designed to be seedless, meaning it doesn't rely on a traditional 12-24 word mnemonic seed phrase, eliminating the risks associated with forgetting or losing it.

While such phrases are essential for accessing cryptocurrency wallets, these are susceptible to various threats, including social engineering attacks, phishing scams, malware, and user errors. If traders store the phrases digitally, they can expose those words to hacking and data breaches.

Instead of a seed phrase, Cypherock X1 uses Shamir Secret Sharing that splits "the secret" into certain shares.^[3] In this wallet's case, the secret (which is the private key) is distributed across four physical cards and the X1 Vault. The decentralized approach means that losing a single card doesn’t compromise your access to your funds, as you only need two out of five devices to regain access (plus your PIN code).

Each device is equipped with NFC technology, allowing for seamless, wireless interaction with this hardware wallet. Besides, the Cypherock X1 follows EAL6+ certification standards, similar to those used in bank cards. If you need more protection, you can set up two-factor authentication by sharing an email address to receive authenticity results in your inbox from the server.

📚 Read More: Self-Custody in Wallets

User Experience

An on-device display is crucial for hardware wallets, enabling users to securely review and approve transactions. X1 Vault uses an OLED display and a five-way joystick for intuitive navigation and transaction approval. The joystick provides smooth navigation across the screen and doubles as the confirmation button, enhancing the user experience.

While the vault itself may look like other typical hardware wallets, Cypherock X1 distinguishes itself by allowing users to personalize their X1 Cards with NFTs. Users only need to upload a custom image during the purchasing process, adding a personal touch and making each set of cards unique.

Let's also discuss the companion software: the cySync app. It supports MacOS, Windows, and Linux, but no mobile app. Fortunately, the program has a well-designed and aesthetically pleasing interface, making it user-friendly for managing funds. Transacting within the system is straightforward and intuitive, too.

Notably, I saw some users requested buying and selling features (back then, Cypherock only supported storing, sending, and receiving cryptocurrencies). At the time of writing, the team has already responded by implementing purchasing functionality with options for multiple payment gateways, demonstrating their responsiveness to user needs.

Although the wallet offers innovative security features and a user-friendly desktop app, some user Cypherock X1 reviews have highlighted that their experience was unsatisfactory due to poor customer service.

For example, one customer encountered issues with a card, and the resolution process was slow and unresponsive. He was required to send the defective product back at their own expense, with no reimbursement for shipping costs, and ultimately didn’t receive a replacement or refund.

Integration and Compatibility

The Cypherock wallet integrates with Binance Connect, offering a more seamless experience for fiat and peer-to-peer (P2P) transactions. Existing Binance users can enjoy a hassle-free experience, as no additional KYC is required for wallet integration. They can also save on fees with competitive rates for P2P trades.

Additionally, the Cypherock X1 hardware wallet can be used as a seed phrase vault, allowing traders to back up seed phrases from any BIP39-supported wallet (up to four). These include Ledger Flex, Trezor Safe 5, and Phantom Wallet. That way, users can avoid losing the recovery phrases.

It also partners with the NEAR protocol, a blockchain platform that allows developers to create decentralized applications (dApps). It integrates the NEAR token and secure account management into the cySync app, allowing users to manage existing wallets, create registered accounts, and securely store account data locally on their devices.

How to Use Cypherock X1

Having explored the wallet's features, advantages, and limitations, let's put this Cypherock X1 review into action. I'll guide you through the essential steps to get started, from setting up the wallet to receiving funds.

How to Set Up the Cypherock X1 Hardware Wallet

Let's say you decided to buy this hardware wallet after reading my Cypherock review and just got the package. Here are the steps to make sure you set it up safely:

Congratulations! Your Cypherock X1 is now set up and ready to use. You can proceed to create wallets and add accounts to send and receive cryptocurrency.

How to Create a Wallet on Cypherock X1

That said, here are the steps to create your first wallet:

Your wallet is now successfully created.

How to Receive Funds in the Cypherock X1 Hardware Wallet

Once you've created a wallet on your Cypherock X1, receiving funds is a straightforward process – let's take a look at the steps:

Once the process is complete, the number of assets received should be updated on your dashboard.

Cypherock X1 Comparison to Other Popular Wallets

Cypherock X1 may be innovative with its seedless architecture, but how does it compare to other popular hardware wallets? To help you choose the best option for your needs, I'll compare this cold storage solution with Ledger Flex, Trezor Safe 5, and SafePal X1 across key factors like security, accessibility, design, and more.

Cypherock X1 VS Ledger Flex

Ledger Flex is a premium choice for managing crypto assets, seamlessly combining elegant design with top-tier security.

Its standout feature is the E Ink® touchscreen that looks like an e-reader, allowing users to review and sign transactions – all from a single screen. In comparison, while Cypherock X1 offers a unique approach to security with its cards, the vault’s non-touch interface lacks the same level of visual clarity and user convenience.

For users who find the plastic body of Cypherock X1 less appealing, Ledger Flex offers an upgrade with its aluminum frame and plastic back. The appearance delivers a sleek, durable, and modern design, improving the overall user experience. Additionally, Ledger Flex is available in two stylish color options (grey or orange), allowing users to choose a look that suits their personal style.

In terms of hardware, both devices share the same high-level chip certification (CC EAL6+). However, Ledger Flex takes the lead with its accessibility and operating system. It connects effortlessly to smartphones via Bluetooth, enabling on-the-go crypto management.

Moreover, it has a complete ecosystem, as users can stake, buy, sell, and swap assets within the same app accessible both as a mobile and desktop app. In contrast, Cypherock X1 restricts its app compatibility to desktop use.

Overall, while pricier than Cypherock (being priced at $249), Ledger Flex provides more value, considering its features, convenience, and elegant design.

📚 Read More: Ledger Flex Review

Cypherock X1 VS Trezor Safe 5

Compared to Cypherock X1, which lacks a touchscreen interface, you might be drawn to the Trezor Safe 5's 1.54-inch color touchscreen. It offers vibrant visuals and haptic feedback that improves the user experience and provides clear confirmation of your actions.

Moreover, the screen is protected by Gorilla Glass, an industry-leading material that protects your Trezor Safe 5 from drops, scratches, and everyday wear and tear.

Regarding security, Cypherock X1 and Trezor Safe 5 use different approaches. The first relies on its seedless architecture and four encrypted cards, while the latter protects users’ assets with PIN and passphrase support. The similarity is that both use open-source code designs that allow users to verify the integrity of the device.

As for compatibility, Trezor Safe 5 connects seamlessly to macOS, Android, Linux, and Windows, with only a view-only mode on iOS. While it may not match the full cross-platform compatibility of devices like Ledger Flex, Safe 5 still surpasses Cypherock X1, which limits app compatibility to desktop systems.

📚 Read More: Trezor Safe 5 Review

Cypherock X1 VS SafePal X1

One of SafePal X1’s strongest advantages is its affordability. Priced at $69.99, SafePal X1 offers a price advantage compared to Cypherock X1, which costs $159 per package, making it an attractive option for those entering the crypto space or seeking a budget-friendly hardware wallet.

Beyond affordability, SafePal X1 stands out for its practical and minimalist design, making it adaptable for day-to-day use. It has a 1.8-inch monochrome screen (128x64 resolution) and 12 physical buttons, which may remind you of a calculator. Additionally, three levels of backlight adjustment ensure usability across different lighting conditions.

SafePal X1 also leads in compatibility and language support. It’s compatible with iOS, Android, Windows, and macOS and supports 10 languages with plans for future expansion, catering to a global audience. Another area where SafePal X1 excels is in earning opportunities with its one-click yield farming.

After all, apart from hardware wallets, SafePal also offers a free software wallet, which can be used separately or connected with their physical wallets.

While SafePal X1 has an edge in terms of convenience, affordability, and accessibility, Cypherock X1 boasts a higher certification level with its CC EAL6+ chip. Meanwhile, SafePal X1 uses the CC EAL5+ secure element chip, with additional features like self-erasing mechanisms and a random number generator.

📚 Read More: SafePal Wallet Review

Pros

• User-friendly design
• Robust security
• Long battery life

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Pros

• A brand-new design
• Industry-leading security
• Coin, token and NFT storage

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Pros

• Supports 1,000+ crypto assets
• Easy navigation
• Open-source

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Conclusions: Is Cypherock X1 Right for You?

Cypherock X1 stands out as a secure and innovative hardware wallet. Its four cards that act as multi-factor authentication and seedless architecture can attract users who value decentralized and fail-safe crypto storage solutions. Moreover, the CC EAL6+ certified secure element chip ensures more protection against unauthorized access.

However, its desktop-only compatibility and plastic body design may not appeal to some users.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Onumadu, P., Abroshan, H.: 'Near-Field Communication (NFC) Cyber Threats and Mitigation Solutions in Payment Transactions: A Review';

2. Hakkarainen, T, Colicev, A.: 'Blockchain-Enabled Advances (Beas): Implications for Consumers and Brands';

3. Čuřík, P., Ploszek, R., Zajac, P.: 'Practical Use of Secret Sharing for Enhancing Privacy in Clouds'.