Looking for a new cryptocurrency wallet? There are two ways to
store your cryptocurrencies: In a hot wallet, which are constantly
connected to the Internet, and in a cold wallet which are not connected to the
Internet. For security sake, the best option is to store your
cryptocurrency in cold wallets, otherwise known as hardware wallets.
Hardware wallets are physical devices that store your coins
while keeping them away from malicious software attacks that can compromise the
security of your computer or smartphone. Below are the top 5 hardware wallets
Trezor Model T
The Trezor Model T is among the most popular hardware wallets today and has in some respects set the standard for other types of wallets. SatoshiLabs are the creators of the wallet which is reminiscent of a small calculator. The Gen 2 model features a color LCD touchscreen. All of your confidential data including your PIN is entered through
the screen's randomized digital keypad and sent out via USB only after authentication.
The Model T started out as a Bitcoin-only wallet but it currently supports over 100 coins. You can buy one online for around $159. Because of its security combined with its size, coin support, and ease of use, the Trezor Model T is a wallet that’s
in high demand today.
Ledger Nano S
Unlike the Trezor, the Ledger Nano S is stylish and appealing, reminiscent of a two-button flash drive. Its main features include an
easy-to-use OLED interface and a spare seed key for security.
The Nano S doesn’t use a battery and connects to mobile devices or a computer via a USB cable. At present, the Ledger Nano S supports Bitcoin and more than 70 other coins. In addition, it is one of the cheapest hardware wallets at around $60.
Compared to the Trezor Model T or the Ledger Nano S, KeepKey does not offer much and is almost twice as big as both of its competitors. However,
it does come with an anodized aluminum case and boast seamless vertical integration with the popular Shapeshift.io exchange.
It also features a beautiful 3.12 inch OLED display and
currently supports Bitcoins and more than 30 other coins. Its price is a
reasonable $129 online.
This plug-and-play hardware wallet is compact but reliable and safe enough to store cryptocurrencies. The highlight of Digital Bitbox is that its Native software client avoids security risks
of browser-based clients.
It has multiple layers of additional security that include
universal 2 factor authentication. At around $50, this Swiss-made wallet is one
of the most affordable options on the market but its coin support is limited.
This wallet is designed for mobile users primarily because you can send and receive cryptocurrency via encrypted Bluetooth. It is designed as a credit card and can fit into an actual wallet. It supports many coins such as Bitcoin Cash, Ethereum, Ripple,
Litecoin and, of course, Bitcoin.
The wallet randomly generates security numbers with the ability to send to one of your devices. It also comes with a two-stage authentication factor. CoolWallet is one of the
best backup machine tools for processing small amounts of cryptocurrency.
There are of course other hardware wallet options out there but these are the most popular for a reason, namely their security, ease of use, and price. Regardless of which wallet you choose, be sure that it provides the security you need and supports
the coins you intend to use.