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Best Hardware Crypto Wallets

Bitcoin and other crypto assets are ledger entries on a blockchain. These assets are accessed using your private keys and can be stored in several ways. One option is to leave them on the crypto exchange where you purchased them. This is risky as crypto exchanges are hacked almost every day and any crypto in a hot wallet (one that is connected to the internet) is vulnerable to online theft. Another option is to store your assets in an online wallet app. The third, and most secure way to protect your crypto assets, is in a hardware wallet.

  • Supported Cryptos

    1800+ (BTC, ETH, ADA)

    Type

    hardware

    Cost

    $59

  • Supported Cryptos

    1800+ (BTC, ETH, ADA)

    Type

    hardware

    Cost

    $119

  • Supported Cryptos

    1600+ (BTC, ETH, ADA)

    Type

    hardware

    Cost

    $190

What should you consider when buying a cryptocurrency hardware wallet?

Yes, a hardware bitcoin wallet offers greater security, but you still need to make sure that you are buying a decent device from a reputable source.

You also need to decide how much security you need. For some, having the air gap of a separate wallet is good enough, while others will feel the need to beef up security, and have a device that offers higher levels of security, biometrics, and even isolating the device from possible sources of attack, such as USB chargers.

You also need a backup, just in case. Maybe this is another hardware wallet, or maybe you're going to go for a "cold storage" solution that might include having your private keys printed on paper, or even engraved, stamped, or etched into metal.

Another consideration is price. Unless you're planning to hold huge cryptocurrency investments, then it might sting a bit to spend over $100 on a wallet.

What are the pros and cons of hardware crypto wallets?

Pros

  • Improved security: Total air gap between your private keys and everything else.
  • Better control: You hold your keys and can keep them separate from all your other devices.
  • Easy transportation: Bitcoin hardware wallets are small and easily transported. But they can also be stored securely in a safe or safety deposit box.
  • No reliance on a third-party app or web service: Apps and services come and go.

Cons

  • Cost: Hardware bitcoin wallet solutions aren't free.
  • Extra complexity: There's always a learning curve with hardware, and some bitcoin wallets have quite advanced features that will have you reaching for the manual.
  • Loss, destruction, theft: Hardware can break, be lost, be stolen, become obsolete, or succumb to all sorts of mishaps.
  • Another thing to take care of: If you need to make a transaction, you'll need your wallet!

Frequently asked questions