The European Fintech Company, Sufitto, created Sugi Wallet, one of the best hardware wallets currently available. It is specifically created to offer crypto users a special crypto storage solution. The device stores its private keys on the device, like the majority of hardware wallets do. To guard against any kind of online attack, it does not incorporate any sort of internet connectivity. But even without an internet connection, users can send and deposit cryptocurrency with the same ease as using a bank thanks to the crypto hardware.
What Is Sugi Wallet
The former technical lead of the Mycelium wallet created the new hardware wallet type called Sugi for the European fintech company Sofitto. Since it is an NFC card hardware wallet secured by a PIN, this wallet is special because it was created for storing cryptocurrency. Like other hardware wallets, the private keys are always stored on the device, which is never connected to the internet, to protect it from hacking attempts.
Sugi, however, makes it as simple as using a bank card to spend and deposit cryptocurrency. Sugi, however, has no access to your money in any way, unlike other bank cards. These cryptos are supported by Sugi: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), and ERC20-based tokens are examples of cryptocurrencies.
Pros And Cons Of Sugi Wallet
- One Tap Authentication
- Ability to use at ATMs in progress
- It features both cryptocurrency and fiat payments
- It is the only hardware wallet with NFC card
- The card can be customized
- Can only be used with mobile apps
- Does not support fiat currencies
How Does Sugi Wallet Work
The Sugi card is very simple to use. All you need to get started is the Sugi mobile app. Sugi wallet is fairly simple to use, unlike the majority of hardware wallets that need a laptop or desktop to configure. Because it doesn’t require a lengthy and difficult setup, its design makes it simple for anyone. To make payments, you merely need to know how to tap the card. For information on how to use the card to make payments, continue reading.
In this sense, it is better than a regular USB hardware wallet, which needs to be plugged into a PC or laptop. The card is used in conjunction with the Sugi mobile app to authenticate payments when you tap the card on your mobile device. And given that most people always have their phones with them, it is a practical way to verify and manage cryptocurrency funds while on the go. Its layout makes it very simple to use for anyone. Sugi doesn’t require a long or complicated setup process like other cards; all you need to know is how to tap a card.
Key Features Of Sugi Wallet
OS compatibility: The device works with both iOS and Android operating systems. Additionally, Sugi only functions with mobile devices that have the Sugi app installed.
Easy-to-use: It is very simple to use because of the device’s unique design, which is specially created. Normally, you can use Sugi if you can tap a card. To use the wallet, you don’t need any prior knowledge of cryptocurrency.
Backup phrase: Like most hardware wallets, Sugi includes a backup phrase that can be used to regain access to your money in the event that you misplace your card or forget your PIN.
Sharing PINs in secret: In the event that a user forgets their PIN or loses their cards, Sugi is specifically made to help them retrieve their funds. Despite users not having access to their money, it incorporates a secret PIN sharing scheme that is very helpful.
Offline private key storage: Sugi wallet is a distinctive hardware wallet that securely stores and manages user private cryptocurrency keys. They never leave the device and are stored securely offline.
Multiple-currency assistance Numerous cryptocurrencies, such as Bitcoin (BTC), Litecoin (LTC), and Bitcoin Cash (BCH), can be supported by the Sugi card.
The Sugi Card: How Much Does It Cost?
The business has stated that it plans to expand the list of supported cryptocurrencies in the near future. Sugi added that it intended to work with European banks to integrate fiat currency functionality. Looks: The Sugi wallet resembles a regular credit card with the wallet’s logo printed on it. System compatibility The card only functions with mobile devices that have the Sugi App installed.
Android and iOS devices can both run the app. Three plans are offered for the Sugi Card wallet purchase. The Newbie plan enables you to buy the Sugi Card for EUR 59,90. The Pro plan offers ONE Sugi Card which can be personalized by embossing a chosen name or nickname, and it comes at the price of EUR 69,90.
The Expert plan offers two customized Sugi Cards for EUR 119,90.
How To Make Payments Using The Card
Step 1: Download the app
Depending on the device you are using, the first step is to download the app from the Playstore or iTunes.
Step 2: Create an account
Open the app after the download is finished and register an account. You will be asked to set a PIN and enter your email address. When finished, click “create account” to confirm that you have read the terms and conditions.
In particular, to make sure your account is active, make sure you have confirmed your email address.
Step 3: Tap the card on your phone
It really is as easy as it seems. Only tapping the card on your phone will do.
Try out Sugi if you want a crypto hardware wallet that is incredibly simple to use. For newcomers or crypto users who are on the go, it is one of the best options. Its originality comes from the fact that it is the first of its kind to incorporate an NFC for communication. Furthermore, it is the best choice for traders who trade in higher volumes but are concerned about security. It ensures that your private keys never leave your wallet.
The Sugi Card is a straightforward crypto wallet that connects to your smartphones using NFC. For beginners who are constantly worried about security, it combines the portability of a mobile wallet with the security of a hardware wallet. Additionally, the user feedback is very productive. Its appeal is boosted by the common languages it supports and the supported coins. Hardware wallets for cryptocurrencies come in a huge variety. One of them is Sofitto Sugi.