Your digital assets and sensitive information deserve the highest level of security. At ECOIN Wallet, we are committed to safeguarding your assets with cutting-edge technologies and robust security practices. With a focus on privacy, control, and advanced encryption, our wallet offers features that ensure your data is protected from unauthorized access.
Below are the key security measures that set ECOIN Wallet apart from the rest:
Principles
1. Data Privacy
We NEVER receive or store sensitive data such as private keys or Seed Phrases. We also don't track any personally identifiable information, account addresses, or asset balances. All your data remains private and secure, stored solely on your device, ensuring you have full control and ownership of your assets.
2. Self-custody
You retain full control over your wallet and assets, able to initiate and approve transactions using your private key and wallet address. No one can suspend your wallet, freeze your funds, or stop your transactions, providing you with complete autonomy and security. Unlike holding assets on centralized exchanges (CEX), where the exchange controls your funds and can freeze or restrict access, with a Self-custody / non-custodial wallet like ECOIN Wallet, you are the sole owner and gatekeeper of your crypto assets.
3. Decentralized
No one can freeze, lock out, or stop you from accessing or transacting your tokens or coins. No authority has control over what you do with your wallet. Your assets remain truly yours, free from censorship, restrictions, or third-party intervention. With decentralization, you have the power to manage your crypto on your terms, without reliance on banks, governments, or intermediaries.
Features
1. High Entropy
We utilize the Wallet Core library, a fully audited and offline-capable solution, to generate wallet addresses from your seed phrase. This approach ensures high entropy, and strong security.
High entropy is crucial because it creates a more unpredictable and secure key generation process, making it much harder for attackers to guess or predict private keys.
Low entropy, on the other hand, can lead to weaker security, as patterns or predictable values could be exploited.
2. Offline Wallet Generation
Our wallets and private keys are generated offline within the app, significantly reducing the risk of unauthorized access and enhancing the overall security of your assets. No internet is needed for wallet generation or importation. Internet access is only required for token auto-detection after the wallet has been imported or generated, ensuring seamless management of your assets while maintaining strong offline security.
3. Secure Encryption and Local Storage
Sensitive data, including PIN, Seed Phrase (Mnemonic), and Private Keys, are encrypted and securely storaged locally on your device using Android KeyStore. This ensures that only you have control over your assets. By keeping sensitive information offline and encrypted, we further protect it from potential attacks, ensuring that even if your device is compromised, your data remains safe
4. Hardware Security Support
To elevate security to the next level, we delve deeper into Android KeyStore by incorporating StrongBox, an advanced hardware-backed solution available on Android 9+ devices. Devices equipped with this chip feature a dedicated Secure Element (SE) with its own CPU, dedicated RAM, and secure storage, ensuring sensitive data remains highly protected. StrongBox is widely recognized for significantly enhancing security by storing cryptographic keys in an isolated, tamper-resistant environment, making it exceedingly difficult for malicious actors to extract sensitive information.
By combining Android KeyStore with StrongBox, we ensure that your User Secret Key and sensitive data remain impenetrable. To check if your device supports this feature, open the ECOIN Wallet app, navigate to "Settings" > "Security and PIN," and scroll to verify if your device is equipped with StrongBox.
ECOIN Wallet is the world’s first wallet to implement advanced hardware-level security, setting a new standard in safeguarding your digital assets.
For a deeper dive into our hardware-level security, click here: Ecoin Wallet Fortified by Hardware Security.
5. Smart Crypto Keyboard
Our integrated Smart Crypto Keyboard ensures that your Seed Phrase and sensitive information remain secure by preventing leaks from third-party keyboards. Unlike standard keyboards, which could potentially store or share what you type, our keyboard is designed to protect your privacy. Additionally, it assists in typing words by predicting them based on a predefined list, making the process faster and more accurate while reducing the risk of mistakes when entering critical data.
6. Smart Address Book
Our Smart Address Book lets you save frequently used addresses, minimizing the risk of transaction errors and ensuring safe, accurate transfers every time. By organizing your contacts in the app, you can quickly select the right address, ensure safe transfers, reducing the chance of sending funds to the wrong recipient or wrong blockchain. This feature enhances convenience and boosts the overall security of your transactions, allowing for seamless and reliable crypto transfers.
7. Passphrase / Armored Wallet
Passphrase is a a cutting-edge feature that enables you to add a custom word or phrase in your seed phrase, entirely unique and independent of the standard BIP39 Seed Phrase list. This dramatically enhances security, creating an unbreakable, invisible vault that remains impervious, even to advanced supercomputing attacks.
When you enter the Passphrase, it seamlessly integrates as a 25th word into your Seed Phrase, generating a brand-new wallet with its own unique address, entirely separate from the original Seed Phrase wallet. This ensures that even if someone gains access to your primary Seed Phrase, they cannot access the assets stored in your Armored Wallet without the custom Passphrase, providing an additional layer of unmatched security. It's like a hidden vault, and only you know the secret. Even if someone forces you to unlock your phone and show your crypto wallet, this one will remain safe, because it's hidden and not saved on the device.
We call this breakthrough the "Armored Wallet." During a session, your wallet remains securely accessible in the app and is removed once the session ends. To regain access, simply enter your custom passphrase, instantly restoring your wallet with all your assets and configurations.
This exclusive feature, previously available only in hardware wallets like Ledger, is now brought to you in a fast and easy-to-use form within the ECOIN Wallet.
Read more on the Blog: Passphrase and armored wallet: enhance the security of your cryptocurrencies
8. Developed from the scratch
The ECOIN Wallet is developed entirely from scratch, written in Kotlin—a modern, secure, and robust programming language designed specifically for Android. Unlike many wallets that rely on JavaScript-based frameworks, which are often vulnerable to security flaws, ECOIN Wallet avoids such risks by not using third-party or cross-platform codebases.
By building the wallet natively in Kotlin, we ensure optimal performance, full integration with Android security features, and precise control over the app's functionality. This approach eliminates dependencies on potentially insecure libraries, delivering a wallet that prioritizes both reliability and security for our users.
9. Wallets with 24-seed phrase word
ECOIN Wallet uses a 24-word seed phrase, setting a higher standard for security compared to other wallets, such as Trust Wallet, which commonly use 12-word seed phrases. A 24-word seed phrase offers significantly greater entropy, making it much more resistant to brute force attacks and unauthorized access.
This extended recovery phrase provides stronger protection for your digital assets, ensuring your wallet remains secure against advanced threats.
10. Identical Ethereum Blockies
Last but not least, ECOIN Wallet features identical Ethereum Blockies—the same visual identity system used by Etherscan and all major ERC-20 explorers. While passive, this feature plays a crucial role in helping users avoid mistakes when handling transactions. These avatars resemble faces, making it easier for users to quickly identify and differentiate wallets—helping to recognize and confirm the correct destination before sending funds.
Commitment
The ECOIN team will never ask for your Seed Phrase, Private Keys, or any other sensitive data, guaranteeing the safety and integrity of your assets.
In conclusion, ECOIN Wallet empowers you with secure digital asset management by offering offline wallet generation, strong encryption, user-controlled transactions, and a commitment to your privacy and security. With ECOIN Wallet, you can confidently manage your digital assets while enjoying peace of mind knowing that your information is well protected.