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There are many great choices for the best hardware wallets for cryptocurrencies.
Lets explore and help you pick the best crypto wallets.
Crypto exchanges getting hacked is nothing new.
So, dont let your crypto coins sit on an exchange for a second longer after the purchase.
Because their wallets will most likely be HOT, and you dont have the private keys.
And do you know what they say in the crypto realm:
Not Your Keys, Not Your Coins.
So, if youre holding your coins on an exchange, youre trusting them.
If you rely on an exchange, then why mistrust a bank.
But blockchain is birthed out of concepts like decentralization, self-reliance, and zero-trust.
And it generally proves an excellent idea to avoid undermining that fundamental spirit.
A more theatrical explanation by this Ledger guy:
Conclusively, get a wallet!
Whats a Crypto Wallet?
Unlike a regular wallet that keeps the fiat currencies, a crypto wallet only keeps your private keys.
Your crypto, anyways, lives on the blockchain.
In addition, they allow you to transact in cryptocurrencies.
Put simply, a crypto wallet gives you access to everything blockchain.
Types of Wallets: Hot and Cold
In a nutshell, hot wallets are software applications.
Most hot wallets are free to use and sit on the installed unit.
One major drawback is their constant internet connectivity.
They are susceptible to phishing or spyware.
I recommend tryingMetamask(for Ethereum blockchain) before looking elsewhere.
For others, cold or hardware wallets are the way to go.
They connect to these devices wireless or via a cable.
And they are perceived safe because they connect to the internet (become hot) only while transacting.
Besides, some never connect to the internet or any other gadget.
Ultimately, they are your best bet if you value security.
Tangem Wallet
Tangem is one of the most prominent innovator in the hardware wallet space.
Tangem will launch a wearable hardware wallet a crypto ring in Q4 2024. you’re free to also connect the wallet to dApps and DeFi protocols via WalletConnect.
Tangem also offers occasional discounts via promo codes.
This can store crypto from 100+ applications from the vast repository of 5500+ tokens.
This rig is secured with a pin-code backed up by a 24-word recovery phrase.
The Ledger Nano X has Bluetooth compatibility, improving mobility while using the Ledger Live system.
Ledger Nano S
Ledger Nano Sis the older cousin of Nano X.
With less than half the price of the younger sibling, Nano S is perfect for crypto minimalists.
Other than these few shortcomings, Nano S is equally robust in security.
Ledger has sold 2 Million+ units of Nano S to date, which further cements its credibility.
Trezor Model T
Trezor Model Tis your option against the Nano X.
This similarly reputed hardware wallet has taken a slightly different approach than the previous two on this list.
And the Trezor firmware is open source while the Ledgers isnt.
However, Trezor, as additional functionality, allows you to use a micro SD card asencryptedstorage.
First, the screen doesnt support touch.
Its just there to verify the transaction details.
You operate the wallet operations with two hardware buttons placed beneath the screen.
Both Trezor models are powered by USB cables and not batteries as with their Ledger counterparts.
This hardware wallet has a larger touch screen and feels tougher than its peers.
It currently supports storing 1000+ crypto coins and tokens.
Being a new entrant, the coin support may not be as extensive as Trezor & Ledger.
But practically, hardware wallets supporting a thousand coins are just a marketing gimmick.
Most users only invest in a few coins that you should check before purchasing a wallet.
V20 uses a pin that you could recover with a 24 seed recovery phrase.
There is also 2FA for added security.
SecuX W20 & W10
SecuX W20is mainly similar to V20.
Coin support is the same, as well as the screen and the battery size.
SecuX W10, on the other hand, lacks Bluetooth connectivity and a battery.
Its powered by micro USB connectivity.
Again, the screen size and number of supported coins are identical to its pricey SecuX alternatives.
ELLIPAL Titan
ELLIPAL Titanis a 100% air-gapped hardware walletzero connection connectivity.
This cold wallet transfers data via QR codes.
ELLIPAL Titan looks like a small smartphone.
The 3.97-inch color touchscreen is one of the biggest you could expect among hardware wallets.
Its dust and waterproof with impact resistance.
This anti-tamper wallet will delete the information held if it detects any physical sabotage.
As of this writing, ELLIPAL Titan supports 40+ blockchains with 10000+ crypto tokens.
Finally, this allows multiple accounts and comes with DeFi support as well.
This wallet lets you play with over 2000 crypto tokens.
DCENT uses a 24-word recovery phrase to regain your crypto holding if you ever lose your wallet.
There are four hardware buttons for day-to-day wallet operations.
About security, DCENT is right there among the top players.
Conclusively, this is a top-notch hardware wallet worthy of your consideration.
Keystone Pro
Keystone Prois a front-runner hardware wallet in terms of features.
Similarly, it uses QR codes to transact.
There is micro SD card support for firmware updates.
it’s possible for you to use Keystone pro with four AAA batteries or the given rechargeable battery pack.
This feature-rich hardware wallet also has fingerprint biometric authentication.
Besides, its 4-inch color touchscreen will help you skip unnecessary scrolling to see the complete wallet address.
And you have Shamir backups to double-check the recovery option never dies.
Finally, itll self-destruct the private keys upon detecting any tampering.
CoolWallet Pro
You will findCoolWallet Prothe most unconventional option on this list.
It connects to your smartphone via Bluetooth for crypto transactions and other operations.
CoolWallet Pro supports DeFi, NFTs and right away is for advanced crypto users.
This card-sized wallet suits traders and comes with multi-currency support.
it’s possible for you to alsostake your cryptocoins with this slick hardware wallet.
They also have aCoolWallet Sthat is focused on beginners.
It only misses some features like staking but is significantly more economical.
Conclusion
Hardware wallets are a no-brainer for serious crypto investors.
They are just necessary one-time investments if youre planning to stay in there for long.
