Have you ever worried about the safety of your precious digital currencies? Well, fret no more! Today, we’re diving into the world of the best cold wallets.
Now, you might be wondering, “What is a Crypto Hardware Wallet, anyway?” Think of it as your digital fortress, a small device that stores your cryptocurrencies offline, away from prying eyes and cyber threats.
Why should you care about these nifty little gadgets? Simple! They add an extra layer of protection to your hard-earned crypto assets. In the ever-evolving landscape of cryptocurrencies, having that peace of mind is worth its weight in gold (or Bitcoin!).
So, Let’s review and compare the best crypto hardware wallets. We’re here to help you make informed decisions and find the perfect fit for your needs.
Comparison Between Best Bitcoin Hardware Wallets for Crypto Storage
| Hardware Wallet | Supported coins | Security | Cold storage | Price | Overall rating |
|---|---|---|---|---|---|
| ELLIPAL Titan | 10,000+ | SE Chip | Yes | $119 | 4.9/5 |
| SafePal S1 | Unlimited on 54+ blockchains | EAL 5+ Chip | Yes | $49.99 | 4.7/5 |
| BitBox | 1,500+ | Secure element | Yes | $119 | 4.5/5 |
| SecuX V20 | 10,000+ | Infineon Solid Flash SE chip | Yes | $139 | 4.4/5 |
| Keystone Pro | 5,500+ | 3 security chips | Yes | $149 | 4.4/5 |
| Trezor Model T | 1,400+ | Shamir Backup | Yes | $209 | 4/5 |
| Ledger Nano X | 500+ Ledger live 5000+ 3rd party wallets | Secure chip, Ledger recover | Yes | $149 | 4/5 |
Related: Best anonymous Bitcoin wallets
What are the Best Crypto Hardware Wallets: Our Top Picks
Here are the best hardware wallets for crypto storage:
- ELLIPAL Titan: Best Cold Wallet for Crypto
- SafePal S1: Best Hardware Wallet by Binance Labs
- BitBox: Best Bitcoin Hardware Wallet
- SecuX V20: Top Hardware Wallet for Crypto and NFT
- Keystone Pro: Best Crypto Hardware Wallet for Cold Storage
- Trezor Model T: Best Bitcoin Wallet for HODLers
- Ledger Wallets (Nano X, S Plus, and Stax)
Here are the best crypto hardware wallet reviews for you:
1. ELLIPAL Titan: Best Cold Wallet for Crypto
- Supported Coins: 10,000+
- Hardware Price: $79 and $119
- Security: EAL 5+ Secure element chip, self-destruction, air-gapped technology
- NFT Storage: Yes
- Bitcoin and Ethereum Supported: Yes
- Mobile App: Yes
ELLIPAL Titan is the world’s first hardware wallet that works without any internet connection. It lets you send and receive crypto by scanning QR codes with its back camera.
You don’t need any cables, Bluetooth, WIFI, NFC, or cellular connection. It supports more than 10,000 coins and tokens, such as BTC, ETH, USDT, BNB, XRP, ADA, and many others. You can also buy, swap, stake, and access DAPPs with the ELLIPAL mobile app.
The ELLIPAL Titan has a 4-inch HD touchscreen that shows you what you are signing. It also has a strong anti-tamper metal case that protects it from physical and supply chain attacks. If someone tries to open or break the device, it will self-destruct and wipe out all data.
The wallet also comes with a seed phrase steel that helps you back up and secures your recovery phrase in fireproof and waterproof material.
2. SafePal S1: Best Hardware Wallet by Binance Labs
- Supported Coins: unlimited on 54+ blockchains
- Hardware Price: $49.99
- Security: EAL 5+ Secure element chip, air-gapped
- NFT Storage: Yes
- Mobile App: Yes (SafePal software wallet)
SafePal S1 is not like other wallets that connect to the internet and risk getting hacked. It is a cold storage device that stays offline and in your control.
It has a lot of security features to protect your crypto, such as a secure chip, a self-destruct button, and a device verification process. You can also use the SafePal App and Extension to access Web3 apps and manage your crypto.
You can store, buy, sell, trade, and swap all kinds of crypto with SafePal S1. It supports Bitcoin, BNB, Ethereum, and all ERC20 tokens, plus 53 other blockchain networks. You can also buy and sell NFTs, play blockchain games, earn rewards from liquidity mining, and more.
3. BitBox: Best Bitcoin Hardware Wallet
- Supported Coins: 1500+ digital assets and ERC-20 tokens
- Hardware Price: $119
- Security: Secure element chip, PIN protection
- NFT Storage: Yes
- Connectivity: USB-C
- Mobile App: Yes
It is made in Switzerland by a company called Shift Crypto, who are expert in making cool and friendly products for the crypto world.
- It works with both USB-C and USB-A cables, so you can connect it to different devices and platforms.
- Back up your wallet with both a microSD card and a BIP39 word list
- It has an app called BitBoxApp, which makes it easy to set up and use your wallet. You can also do more things with your coins in the app, such as buy, sell, swap, and stake them.
- You can also use it with other popular software wallets such as MyEtherWallet, Electrum, and Ledger Live.
- It is open-source and built deterministically, which means that anyone can check the code and make sure that there are no secrets or backdoors in the software.
- Secure chip to protect your private keys and encrypts all communication with your device. It also lets you choose your fee level and use Tor or VPN to make your transactions more anonymous.
The BitBox02 hardware wallet comes in two editions: Bitcoin-only and Multi-edition. The Bitcoin-only edition is for Bitcoin users who want to have a simple and focused experience. The Multi-edition supports various cryptocurrencies and offers more options and features. You can pick the edition that fits your needs best.
4. SecuX V20: Top Hardware Wallet for Crypto and NFT
- Supported Assets: 10,000+ coins and tokens
- Hardware Price: $139
- Security: Infineon Solid Flash CC EAL5+ Secure Element (SE) chip embedded, Dynamic PIN Entry, Passphrase
- NFT Supported: Yes (ERC-721 & ERC-1155)
- Connectivity: Bluetooth and USB Type-C
- Mobile App: Yes (iOS / Android)
SecuX V20 is the best hardware wallet for MetaMask users because it connects and stores MetaMask keys offline. It is a secure and convenient way to store, manage, and trade your digital assets. It is very safe, thanks to a special chip that keeps your private key and PIN away from hackers.
- 4.8-inch touchscreen display that makes it easy to see and confirm your transactions and portfolio.
- Dynamic keypad for PIN entry and automatic reset after 5 unsuccessful PIN entries
- It works with different devices and platforms, such as Windows, MacOS, Chrome OS, Linux, Android, and iOS. You can connect it via Bluetooth or USB.
- Integrates with MetaMask and Bitcoin wallets for more trading options.
- Storage space of up to 500 accounts
- View your crypto portfolio and account funds directly on your hardware wallet
5. Keystone Pro: Best Crypto Hardware Wallet for Cold Storage
- Supported Assets: 5,500+
- Hardware Price: $149
- Security: 3 Secure Element Security Chips, PCI Anti-tamper, Shamir Backup, Self-Destruct Mechanism
- NFT Supported: Yes
- Connectivity: QR code air-gapped signing
- Mobile App: Yes (Supports MetaMask)
- Fingerprint Sensor
It is the best multi-sig hardware wallet that works seamlessly with MetaMask and 25+ other software wallets. Keystone Pro has a large 4-inch touchscreen that shows QR codes and transaction details, so you can see what you are signing.
It also has a camera that can scan QR codes from other devices, making it easy to pair and send funds. The wallet has a long-lasting battery that can be powered by 4*AAA or its own rechargeable battery. You can take it anywhere you go and use it anytime you want.
Keystone Pro supports many cryptocurrencies and blockchain platforms, such as Bitcoin, Ethereum, Solana, Ripple, and more. You can also manage your NFTs with it, which are unique digital assets that can represent art, collectibles, gaming items, and more.
6. Trezor Model T: Best Bitcoin Wallet for HODLers
- Supported Assets: 1456+
- Hardware Price: $209
- Security: Shamir Backup, micro-controllers
- NFT Supported: Yes (through 3rd party wallets)
- Connectivity: USB-C
- Mobile App: No (Trezor suite in only desktop)
Trezor T is a BTC hardware wallet that has a touchscreen interface and supports more than 1400 coins and tokens, such as BTC, ETH, SOL, and many others.
You can use the Trezor Suite app on your desktop to manage your coins. You can also access features like coinjoin, Shamir Backup, and Passphrase that help you protect your privacy and security.
The Trezor Model T is very easy to set up and use. You just need to create a PIN and a passphrase and write down a 12-word recovery phrase that can help you restore your wallet if you lose or damage your device.
The Model T also has a physical security layer that makes you confirm transactions on the device’s screen before sending them. The Trezor Model T is open-source and HD cryptocurrency wallet, which means that you can trust the code and the device.
7. Ledger Wallets (Nano X, S Plus, and Stax)
- Supported Assets: 5,500
- Hardware Price: $79-$279
- Security: SE chip, PIN, Ledger recover
- NFT Supported: Yes (through 3rd party wallets)
- Connectivity: Bluetooth, wireless, USB-C
- Mobile App: Yes (Ledger Live)
It is a device that holds your private keys, like passwords for crypto transactions on the blockchain. A Ledger wallet also lets you do many things with your crypto, such as buying, swapping, staking, sending, and playing with dApps and NFTs.
There are different kinds of Ledger wallets, such as the Ledger Nano X crypto hardware wallet, the Ledger Nano S Plus, and the Ledger Stax. They have different features and designs, such as wireless charging, Bluetooth connection, touchscreen display, and personalization options.
What is a Crypto Hardware Wallet?
A crypto hardware wallet is a device that keeps your crypto private keys safe and offline. It lets you control and use your crypto without risking them to online attacks or viruses. It is also called a “cold wallet” or a “physical wallet“.
Types of crypto wallets are:
- Cold Wallets (or Hardware Wallets)
- Hot Wallets (or Software Wallets)
- Mobile and desktop wallets
- Custodial and Non-custodial wallets
- Paper wallets
Related: Best Bitcoin hot wallet for Android
How does crypto hardware wallet work?
A crypto hardware wallet works by creating and saving your private keys on the device itself, which is usually locked by a PIN code or a fingerprint.
When transferring crypto to hardware wallet, you need to plug your device into a computer or phone via USB, Bluetooth, or NFC. Then, you can use software or an app that works with your hardware wallet to start the transaction.
The hardware wallet will show you the transaction details on its screen and ask you to approve it with your private key. The approved transaction is then sent to the blockchain network, where it is checked and completed.
Read: Best Hardware Wallet for Ripple (XRP)
Benefits of Crypto Hardware Wallets Over Software Wallets
- Shield against Hackers: With these wallets, your cryptocurrencies stay in “cold storage,” making them practically impenetrable to digital attacks.
- Beat Phishing Scams: Hardware wallets give no chance for phishing attacks, so your funds stay safe and sound.
- Backup Made Easy: Worried about losing access? Fear not! Cold wallets offer simple and secure backup options for stress-free recovery.
- Double Confirmation: No room for unauthorized transactions! To make a move, you’ll physically confirm it on the device.
- Durable Investment Vault: Want to hold your crypto for the long haul? These wallets are built to last, perfect for safeguarding your investment.
How to set up a hardware crypto wallet?
- Choose a Hardware Wallet: Select a hardware wallet from reputable manufacturers like ELLIPAL Titan, Ledger and Trezor. Ensure it supports the cryptocurrencies you want and has a good security reputation.
- Buy Crypto Hardware Wallet: Buy the hardware wallet from the official website or an authorized reseller. Beware of third-party sellers on marketplaces like eBay or Amazon, as they might sell tampered or counterfeit devices.
- Unbox and Check Security Seal: Inspect the packaging for any signs of tampering upon receiving the hardware wallet. Verify that it’s sealed and secure. If you find anything suspicious, contact the manufacturer immediately.
- Install the Wallet’s Software: Download the software for your hardware wallet from the manufacturer’s official website. Install it on your desktop or mobile device.
- Set up a Crypto Hardware Wallet: Follow the software instructions to set up your hardware wallet. Create a secure PIN or passphrase, which you’ll use to access the wallet. Choose a strong one and keep it safe.
- Create a Recovery Seed: During setup, you’ll receive a recovery seed or mnemonic phrase. Write it down on paper and store it securely in multiple locations (e.g., safe deposit box, fireproof safe, or with a trusted family member).
- Initialize and Backup the Wallet: Initialize the hardware wallet and complete the setup. Follow the software instructions to back up your wallet using the recovery seed. This ensures you can recover your funds if the wallet is lost, stolen, or damaged.
- Transfer Funds to the Hardware Wallet: Generate receiving addresses for each cryptocurrency you want to store using the wallet’s software. Transfer your cryptocurrencies to the hardware wallet.
- Secure and Regularly Update the Wallet: Store the hardware wallet in a safe place, away from hazards like water or extreme temperatures. Check for firmware updates regularly and keep your wallet up to date for enhanced security.
Related: How to Set up Ledger Nano X?
Best Crypto Hardware Wallet: FAQs
What happens if you lose your crypto hardware wallet?
Don’t panic, you can still get your digital assets back if you have your recovery phrase. A recovery phrase is a list of 12 or 24 words that you write down when you first use your hardware wallet. It is a backup of your private keys. You have two main choices if you lose your hardware wallet:
Get a new hardware wallet and use your recovery phrase to get your money back on the new device. You can use any hardware wallet that works with your recovery phrase, such as Ledger, Trezor, SafePal, or others.
2Use your recovery phrase to get your money back on a software wallet and access your money using the software wallet. You can use any software wallet that works with your recovery phrase, such as Electrum, Exodus, MetaMask, Samourai, Wasabi, Spot, or others.
What hardware wallet is the best for multiple crypto?
The best crypto hardware wallet for storing multiple coins are ELLIPAL Titan with 51 blockchains, SafePal S1 with 54 blockchain networks, and Keystone Pro with 5,500 different coins and tokens.
What is the safest hardware wallet?
100% air-gapped hardware wallets are the safest cryptocurrency wallets. ELLIPAL Titan mini is one of the secure cold storage wallets for your digital asset storage. To make a transaction, you just need to scan the QR codes between the app and the hardware wallet and confirm the details on both devices.
Has a hardware wallet ever been hacked?
Nothing is 100% secure, and hardware wallets can still be hacked in some ways. For example, someone could mess with the device physically, trick you into entering your recovery phrase on a fake website or app, or infect your computer with malware that can spy on the device and the computer.
So, you should always buy a hardware wallet from a trusted maker, store your recovery phrase offline and securely, and use a clean and safe computer when you plug in your device.
What is the safest PC crypto wallet?
There are many PC crypto wallets out there, but some of the things that make them safe are: how well they encrypt your data and how they back up and restore your data.
Some of the PC crypto wallets that are popular and have good feedback are Exodus, Electrum, Atomic Wallet, MetaMask, and Ledger Live.
What is the safest hot wallet for cryptocurrency?
A hot wallet is a cryptocurrency wallet that is online and lets you access and use your funds fast and easily. So, the safest hot wallet for cryptocurrency is one that has strong security features, like encryption, password protection, two-factor authentication, multi-signature, and anti-tampering mechanisms.
Some of the hot wallets that have these features are Trust Wallet, Coinomi, Phantom Wallet, and Coinbase Wallet.
Can you lose crypto in the hardware wallet?
No, you can’t lose your crypto in a hardware wallet if you have your recovery phrase. But, if you lose or forget your recovery phrase, or if someone else gets it, you may lose your crypto forever.
How do I choose a hardware wallet?
Choosing a hardware wallet depends on what you want and need. Some of the things that you may want to think about are: how much it costs, how big and nice it looks, how many cryptocurrencies and platforms it works with, how easy and fun it is to use, how well it supports and guarantees you, and how secure it is.
You may also want to read some reviews and stories from other users before you decide.
Some of the most famous and trusted hardware wallets in the market are Ledger Nano X, Trezor Model T, KeepKey Pro, BitBox02, and Coldcard Mk4.
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