Do you know hackers may steal your cryptocurrency assets if you don’t store your assets in a top-notch crypto wallet? Using hardware crypto wallets is one of the most reliable ways to keep your coins safe. Due to the built-in capabilities of hardware wallets, which enable the storage of significant quantities of crypto assets, DeFi, and NFTs, many investors and crypto holders now use them.
But how about the distinction and selection of the best hardware crypto wallets? Let’s know how this list was built and why there’s a need to be definite about one’s choice when it comes to cryptocurrencies.
Hardware wallets, however, offer more than just asset storage and security. Connecting your hardware to a software wallet may also purchase, swap, and stake your coins.
This guide looks at the best crypto hardware wallets to store your cryptocurrencies.
Also Read:
What is a Crypto Wallet?
Unlike a regular wallet that keeps fiat currencies, a crypto wallet only keeps your private keys. Your digital assets, anyways, lives in the blockchain. Additionally, crypto wallets allow you to transact in cryptocurrencies. In addition, you can also use DeFi (Decentralized Finance) and Decentralized Applications (dApps) with them.
A hardware wallet is a physical device that stores your private keys. It’s like a USB stick but can also be used as an offline computer hard drive. The most important thing about hardware wallets is that they don’t require personal information from you and have no KYC bureaucracy (know your customer) to access your bitcoins or cryptocurrencies. You won’t need to provide a government-issued ID, bank account information, or anything else at all. There are no requirements for users; even if you’re not physically present in the same room as your device, you’ll still be able to use it securely with just an internet connection.
Types of Crypto Wallets
There are two types of crypto wallets: hardware (cold) and software (hot). Software wallets are hot wallets since your private and public keys are in the hands of exchanges. Hardware wallets operate differently from software wallets in this regard. However, hardware wallets use a secure chip built into the hardware to store your private and public keys, which distinguishes them from digital wallets.
Features of Best Hardware Crypto Wallets for your Assets
With the increasing number of companies offering hardware wallets, there’s a wide variety of options. Today, over a dozen companies offer hardware wallets in the market. There are a few things that you need to weigh before choosing the right crypto wallet for you, and we will consider these few things. They are:
Security
Though hardware wallets are the safest options to store your cryptocurrencies, some are more secure than others.
Cryptocurrencies supported
Every crypto hardware wallet stores Bitcoin, Ethereum, and most other top digital assets. Hence, if your portfolio has lesser-known altcoins, you might not be able to use some crypto hardware wallet.
Price
If your portfolio is small, then there is every possibility that you won’t be able to pay much for a device to store it on. It is essential to know that the prices of hardware wallets vary.
One crucial point you need to note is to buy a hardware wallet from its official maker. There have been hacks and theft because most people do not buy their hardware wallets from the maker. Again, avoid buying from eBay or elsewhere where it might have been interfered with. Some companies that make these products (hardware wallets) offer free shipping. So, with these in mind, let’s look at the ten best hardware wallets on the market.
Ledger Nano X | Trezor Model T | Ledger Nano S | Ellipal Titan | Secux V20 |
Cryptocurrencies supported: 5500+ coins | Cryptocurrencies supported: 1800+ coins | Cryptocurrencies supported: 1800+ cryptos | Cryptocurrencies supported: 1,000+, 40 blockchains, and NFT supported | Digital assets supported: 1000+ cryptos, including ERC-20 tokens |
Type of wallet: Cold wallet | Type of wallet: Cold wallet | Type of wallet: Cold wallet | Type of wallet: Cold wallet | Type of wallet: cold wallet |
Built in trading support: Yes | Built in trading support: Yes | Built in trading support: Yes | Built in trading support: Yes | Built in trading support: Yes |
Price: $149 | Price: $189.22 | $59 | $139 | $139.02 |
Keystone Pro | BitBox 02 | TrezorModel One | KeepKey | NGRAVE ZERO |
Cryptocurrencies supported: 1000+ coins | Cryptocurrencies supported: 1500+ coins | Cryptocurrencies supported: 1800+ cryptos | Cryptocurrencies supported: 7+ | Digital assets supported: 1000+ cryptos, including ERC-20 tokens |
Type of Wallet: Cold wallet | Type of Wallet: Cold wallet | Type of Wallet: Cold wallet | Type of Wallet: Cold wallet | Type of Wallet: Cold wallet |
Built in trading support: Yes | Built in trading support: Yes | Built in trading support: Yes | Built in trading support: Yes | Built in trading support: Yes |
Price:$119-$479. | Price: $129.00 | Price: $69 | Price: $49 | Price:$462 |
10 Best Hardware Crypto Wallets and Features
1. Ledger Nano X
The Ledger Nano X is a Bitcoin, Ethereum, and altcoin hardware wallet. Again, this crypto wallet has an OLED display and supports ETH, ERC20 tokens, ERC223 tokens, Bitcoin, Litecoin, and more. You must install an app on your smartphone or computer to use it. The Ledger Nano X is compatible with Android 4.3+, iOS 9+, and Ubuntu 16.1+. The hardware cryptocurrency wallet from Ledger, the Ledger Nano X, allows crypto investors and coin holders to purchase, store, and manage different kinds of cryptocurrencies. Also, Ledger Nano X users can buy, trade, stake, swap, and manage non-fungible tokens (NFTs) with their hardware wallet. The ability of the device to manage 1800 different crypto assets at once is astonishing. The fact that this hardware wallet is generally accessible worldwide is a plus. It has a battery capacity that lasts about 7 hours and is reliable and straightforward.
With the built-in Bluetooth feature of the Ledger Nano X, the hardware wallet is compatible with devices running Windows, Linux, Mac, Android, and iOS. Additionally, a regular USB cable can connect them to a computer.
Some benefits of the Ledger Nano X:
The hardware wallet operates at a low maintenance cost.
It provides easy Bluetooth connectivity.
They use a robust operating system that provides strong security.
All the crypto wallets on the hardware are isolated from each other.
It has a USB port that can be connected to a PC.
2. Trezor Model T
The Trezor Model T is the flagship product of the Trezor team. However, Trezor Model T has an LCD panel that displays the hardware functions and easy access to external exchanges such as CoinSwitch. Furthermore, the hardware does not have a Bluetooth function, which the Ledger Nano X possesses.
Although the Trezor Model T hardware lacks Bluetooth connectivity, it includes a USB-A and USB-C connector. You can connect a desktop computer or smartphone to this cryptocurrency wallet using USB ports. Unlike the Ledger Nano X, Trezor models do not use a battery; USB cables power them.
The built-in storage of the Trezor Model T can hold 1800+ coins, including bitcoin, Ethereum, and similar coins. Its robust stainless steel is used in its construction, which provides strong resistance to harmful elements like fire, corrosion, electric shock, and accidents. This hardware wallet is available globally.
One of the significant benefits of the Trezor Model T is that you can easily convert cryptocurrencies to fiat currency. Another great benefit of this hardware wallet over the first Trezor Model T is the user-friendly color touch screen. This device is compatible with operating systems such as Windows, Mac, Linux, and Android devices. However, Apple’s IOS and Windows mobile operating systems and the Chrome OS are not yet supported. But a drawback of this asset is the small touchscreen that makes typing difficult.
3. Ledger Nano S
Ledger began the production of hardware wallets in 2016 with the release of the Ledger Nano S. The Ledger Nano S, a lower version of the Ledger Nano X, has an in-built storage capacity that supports more than 1800 cryptocurrencies. This hardware wallet lacks a Bluetooth connection but works with one USB cable.
Windows, Mac, iOS, and Linux are all supported by this hardware. This hardware is available globally at an affordable price of $59.
One unique benefit of this model is that it offers inexpensive, secure storage with a USB-style hardware drive that is simple to use.
The Ledger Nano S exceeds industry standards for security, including tamper-resistant Common Criteria (CC), EAL5+ certified Secure Element (SE) chips on Nanodevices, and your private keys staying on the secure chip.
The Ledger Nano S is simple to use and set up. However, users must download Ledger Live to their computer or mobile device and choose the option to set up a new device. The application walks users through the process, including a guided security checklist. This wallet is beginner friendly. Even though this digital wallet supports many cryptocurrencies, many assets require users to download a third-party app, and the wallet has limited app storage.
4. Ellipal Titan
Ellipal Titan is a fully metal sealed hardware wallet that provides a maximum vel of p against efforts to compromise the system by hackers. In addition, this crypto hardware wallet is an air-gapped cold storage wallet that performs n complete network isolation for true offline cold storage. The hardware wallet uses QR codes to transfer data; it doesn’t need to be connected to any network. They are cut off from any network connections that could allow hackers to monitor your assets.
In addition to 10,000+ coins, the Ellipal Titan hardware wallet supports over 40 blockchains.
They deliver an excellent user experience. A large color touch screen with a mobile-oriented design for a seamless user experience. The user interface in dark mode has been newly redesigned for an elegant appearance and practical use. Additionally, it is furnished with a security adapter for offline firmware updates and charging, further ensuring the security of your money and tokens.
Another deal-breaker for Ellipal Titan users is that the wallet doesn’t give users access to their own Xpub keys, which leaves this wallet not operable with many apps and does not give users the option to import “view only” wallets.
Furthermore, security-minded users may not be pleased by the wallet’s ability only to generate a 12-word seed phrase instead of a more secure 24- word phrase. In addition, Ellipal Titan has no support for test net coins for any blockchain network
Ellipal Titan is widely available for just $169. However, it has 1GB of RAM and a durable battery that can last for hours.
5. SecuX v20
SecuX v20 is a safe and secure hardware wallet that combines security and convenience. Again, the company behind it claims it is the world’s first NFT hardware wallet. With the latest technology in hardware wallets, you can securely store and manage your digital assets. Various security services, such as PIN code protection, fingerprint identification, random number generator protection, and online virus protection, protect your account automatically when you are online or offline.
With its military-grade Infineon chip CC EAL 5+, SecuX v20 offers superior security. The keypad in the wallet is suitable, which makes typing easier. If the incorrect PIN is entered five times a row, the device resets itself.
The hardware works with a 2.8-inch color touchscreen through which all transactions can be verified. It is compatible with Bluetooth devices (Windows, Mac, and Linux) and has a spot for USB ports. This crypto wallet supports more than a thousand coins and tokens and can manage up to 500 accounts.
The SecuX allows cross-platform operation. Its web and mobile apps help manage, send, and receive digital assets – anytime, anywhere. You can get this hardware wallet anywhere for just EUR 139.00.
6. Keystone Pro
The Keystone Pro is a secure and easy-to-use hardware wallet that supports the sending and receiving of crypto assets using a QR code.
More than 1000 cryptocurrencies, including BTC, ETH, USDT, BCH, XRP, TRX, LTC, DASH, DOT, KSM, and tokens like ETH and TRX, can be sent and received using their QR codes.
This type of hardware wallet is known as an “air-gapped” wallet because it does not accept any external connection that can endanger your assets. It does not support Bluetooth or USB connections; transactions must be made via a QR code.
The crypto wallet has a 4-inch touch screen to enhance users’ signing-in experience. The wallet also supports 15+ popular software wallets.
Keystone has a Bitcoin-only firmware, which minimizes the code base and reduces the attack vectors on its wallet. Again, the Bitcoin-only firmware is compatible with BlueWallet, Electrum, Specter, Sparrow, and Wasabi Wallet. Bitcoin testnet & PSBT multi-signature are both supported as well. This hardware wallet operates with a detachable battery and a 4-inch touch screen for a convenient user experience. The wallet has three different versions, and the prices range from $119-$479.
7. BitBox02
The BitBox02 is a 2-in-1 hardware wallet containing your access and private keys, preventing unauthorized use of your coins. Crafted from aircraft-grade steel and backed by our lifetime warranty, BitBox02 is a top-of-the-line security device.
BitBox02 is a Swiss product that provides users with superior security for their crypto assets. The wallet supports many tokens, including litecoin, ethereum, bitcoin, and ERC20.
This hardware wallet connects to a USB port, making it compatible with Windows, Mac, Android, and Linux.
This wallet has a microSD card for instant backup and recovery, but it lacks a convenient touch screen for a great user experience. Its design is relatively simple, consisting of a smart rectangular main unit with a built-in MicroUSB slot and USB-C connector. The hardware is easy to use. The five touch sensors built into the device’s frame detect sliding, tapping, and pinching motions, which can navigate menus and show more information. The BitBox02 hardware wallet is available for €129.00 worldwide.
8. Trezor Model One
The Trezor Model T is the flagship product of the Trezor team and one of the Trezor wallets in the market today. TREZOR Model One is a secure crypto wallet that stores multiple cryptocurrencies. With its sleek design, this wallet can be carried around on your keychain or used at home or in the office. It encrypts all of your private keys on its device, so there is no need to worry about losing them. The TREZOR Model One comes with a handy USB cable that can plug directly into any USB port and one backup card with 10 randomly generated recovery seeds, also called mnemonic phrases, which allow you to recover your wallet if it’s ever lost or stolen. Each backup card has been designed and printed by hand to improve security and make finding a working card easy for you.
The Trezor Model One is a security device with a simple and intuitive interface that allows you to store, generate, and transfer cryptocurrencies. It is easy to use and is available globally for just €69.
9. KeepKey
With its bank-grade security, KeepKey makes best-practice cryptocurrency security simple. It supports major cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, and others, such as ERC20 tokens.
KeepKey is a USB device that stores and secures your cryptocurrencies. When you entrust KeepKey with your money, each bitcoin transaction must be reviewed and approved via its OLED display and confirmation screen, making it impossible for virtual attackers like malware or viruses to steal your valuable bitcoins.
The device is highly secure, with 2-factor authentication and AES hardware encryption. Unlike other hardware, KeepKey does not have to download firmware updates through the internet, allowing for a complete zero compromise in security. It works with Windows, Mac, Linux, and Android. It is available in all locations at the price of $49. The main drawback of this hardware wallet is the small number of coins it supports compared to other coins on this list. The Keepkey wallet also lacks integration with many web3 wallets such as Metamask, leaving users unable to interact with many DeFi apps.
KeepKey supports Bitcoin, Ethereum, Bitcoin Gold, Bitcoin Cash, Dogecoin, Kyber Network, Litcoin, Dash, Digibyte, and Litecoin. This is a limited list of cryptocurrencies if we are to compare it with other hardware wallets. The wallet may be unsuitable for any who holds a diverse portfolio.
10. NGRAVE ZERO
NGRAVE ZERO is powered by an open-source, customizable firmware that supports a broad range of devices—from desktop computers to mobile phones. It is also essential to know that this next-generation hardware wallet has already garnered much attention for crypto investors and users such as Woodstock Fund, Morning Star Ventures, DFG Group, and more.
Furthermore, NGRAVE ZERO is a secure cold storage wallet with zero configuration pre-and post-processing during setup, so you can start using it immediately. It also has multiple ports connecting many devices for enhanced security for online transactions and offline backups.
The NGRAVE ZERO wallet is designed to offer a secure way to hold all your cryptocurrencies, and the user’s private keys are isolated from the centralized third party.
The exclusive features of the fully functional hardware wallet provide you with a great user experience. With zero-knowledge masking technology, you can store important information and keys in a safe area of the device that no one can access. This cold hardware wallet is the only hardware wallet in the world that reaches the highest security certification standard possible, EAL7 (vs Ledger’s EAL5), and is also ROHS and CE certified like the Trezor, achieving a higher security standard than any of the competition.
How do Hardware Wallets Benefit Users?
There are so many ways in which storing your cryptocurrency in hardware wallets will benefit you. Some include:
Safe private key vaults are the most protective place to keep your private keys.
Transaction verification: You can physically verify all transactions on hardware wallets to protect you from scammers and hackers.
No waiting time to receive bitcoin or cryptocurrency—you can use them in minutes: You don’t have to wait for your bitcoin/cryptocurrencies to be confirmed; you can use them immediately in your hardware wallet. You can also send them to other people and use them as payment for things.
Hardware wallets are superior to viruses because it is difficult for viruses to find their way to your hardware device, making your wallet vulnerable to hackers.
Every transaction you make must be verified through your encrypted hardware wallet. So, no one else can make a transaction without access to your cold wallet.
Conclusion
Crypto wallets are tools that allow you to store, send, and receive crypto wallets. If you are a crypto investor with many crypto assets, you must keep your cryptocurrency safe and sound with a secure wallet. Using one of the top crypto hardware wallets discussed in this article will help protect your investments from malware.
Hardware wallets are a no-brainer for serious crypto investors. Even though they are quite expensive, it is essential to They are just necessary one-time investments if you’re planning to invest in cryptocurrencies.
Again, it is essential to check about the supported coins before you buy a crypto hardware wallet because you won’t be able to use your coins if it doesn’t support the coin of your choice. This post has clarified the critical distinctions between hardware and software wallets and some of their top advantages. This information will allow you to select the best crypto wallet for your digital assets.
Source: https://www.cryptopolitan.com/best-hardware-crypto-wallets-review-2022/