Top 5 Hardware Wallets

If you have decided to invest in cryptocurrency or to trade it, the first thing you shall do is to get a wallet to store your coins. There are different types of cryptocurrency wallets. Based on the number of coins they can hold, they can be classified into:

• Single-currency wallets (can be used to store one cryptocurrency type, for example, only Bitcoin, only Ethereum, and similar);
• Multi-currency wallets (can store 2 and more cryptocurrencies).

Based on whether a wallet is connected to the internet or not, it can be:

• A hot wallet (connected to the internet);
• A cold wallet (not connected to the internet).

Based on where the coins are stored, the wallets are divided into hardware (coins are stored on a device. It can be a hard disk, a USB stick, or similar);

• Web-based (in a cloud, online, can be accessed via a browser);
• Mobile wallets (apps for a mobile phone);
• Desktop wallets (apps for desktop).

You shall choose the crypto wallet you are going to use based on which coins you are going to exchange or store, whether you want to trade or to keep your coins, and other factors such as safety, cost, ease of use, and similar. Today, we will check the best hardware wallets.

Ledger Nano X

Wallet Type: Hardware wallet

Cost: from 100 USD and up

Exchange Incorporated: no

Ledger Nano X is known for being one of the safest and the most functional hardware wallets. Everything is preinstalled. All you need to do is to upgrade the app when it is requested.

This wallet supports more than 30 various coins, among which are Bitcoin, Ethereum, and other major coins. Ledger Nano X is especially valued for transactions in Ethereum.

The wallet looks like a USB stick. Whenever you need to use your wallet, you connect it to a device that can be connected to the internet.

Ledger Nano X is known for its top safety level. It is absolutely protected from hacks. The wallet supports numerous applications which makes it even more convenient. Ledger Nano X integrates effortlessly with almost all software wallets.

Note: in order to avoid compromising the wallet safety, buy new wallets only. Never buy used wallets because it poses your funds in danger.

Trezor

Wallet Type: hardware wallet

Cost: around 193 USD

Exchange Incorporated: available

Trezor is also a cold wallet. In many aspects, it is similar to Ledger Nano X, however, it features one specific feature for which this wallet is valued by the majority of users: with Trezor, you can access third-party exchanges.

Trezor, or its latest model, to be precise, features a sleek touch screen. It makes the wallet very convenient. A Micro SD slot allows you to use MicroSD cards to enable PIN encryption to increase the safety level of the wallet.

The wallet supports more than 1,600 coins and tokens. Even if you want to keep the rarest coins there, most likely, such an option exists.

The only disadvantage of the wallet is that it might be difficult to use for beginners. However, this is the only drawback, and there are many guides the wallet use.

KeepKey

Wallet Type: hardware wallet

Cost: 99 USD

Exchange Incorporated: yes

KeepKey is one of the most properly built wallets. It supports just a couple of coins: Bitcoin, Bitcoin Gold, Bitcoin Cash, DASH, Dogecoin, Litecoin, and Ethereum. ERC-20 tokens are supported, too.

The wallet is pretty big (38x93.5x12.2 mm) but it looks elegant. It is equipped with a large LCD screen which makes it comfortable to use.

KeepKey is made to last. The screen is protected with a durable polycarbonate casing, and the body is made from aluminum. The only button on the top of the device is used to confirm or cancel transactions. So, the wallet can be used easily by beginners.

When you buy the wallet, you need to configure it. All the guides on how to do it are included in the guide supplied with the wallet. After the configuration is over, replug the wallet. At this stage, you shall be very attentive. After KeepKey is replugged, you will be displayed a private key, you need to write it down very carefully. It is displayed once only, and if you don`t note it, you will lose access to your funds.

So, the main benefits are top safety level, ease of use, elegant look, and an affordable price.

Among the cons, we can note the support of a very limited number of coins and the fact that the recovery phrase is shown once only. The customer support can be improved, too.

NGRAVE

Wallet Type: hardware wallet

Cost: be ready to pay around 400 USD and up

Exchange Integrated: no

NGRAVE is a new product. It is called “the coldest wallet” because this is the only wallet that doesn`t connect to the internet at all. To send or receive money, you use a QR code. It allows you to keep your wallet completely offline.

Another significant benefit of the wallet is the so-called “Everlasting backup” for your seed phrase. The wallet comes with stainless steel sheets where your seed is engraved. So, the seed phrase is absolutely recoverable and is fire- and water-resistant. Compared to other hardware wallets that provide your seed phrase on paper only, it is a significant benefit.

The only drawback is the rather high cost of the product. However, considering that the product provides top security and convenience, the cost is justified.

SecuX Stone

Wallet Type: hardware wallet

Cost: 70 USD and higher

Exchanges Integrated: yes

SecuX Stone is one of the safest wallets in the market. It supports Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, DigiByte, Binance, and some more popular coins.

The wallet is equipped with a special Secure Element chip. It means that all your access data is protected reliably.

A large touch-screen display makes the use of the wallet very convenient. The wallet allows you to manage several accounts by finger tipping.

This is one of the best cross-platform wallets. It supports Windows, Linux, iOS, Chrome, Android. You can connect your SecuX Stone wallet via a PC, a mobile device, a USB, or Bluetooth.

The only drawback we could find is the support of a very limited number of coins.