9 Best Crypto Hardware Wallets In 2021
The purpose of this article is to review the top crypto hardware wallets. We’ll start with the top 3 solutions in short and go through the 9 best crypto hardware wallets in more detail.
In this article, we will introduce the best crypto hardware wallets.
The problem with crypto is that people lack professional information about trusted hardware wallets. Besides, it may be hard to choose between the options on the market. Our review will provide you with a comparative analysis of the best hardware wallets revealing such aspects as key features, pros, and cons. You’ll get more information on the features each service provides and will be able to make your own choice.
Top 3 Best Crypto Hardware Wallets ⚡
Here are the top best solutions you cannot miss out:
The market of crypto wallets is very large. And it’s quite difficult for a beginner to figure it out. As you will learn further from the article, there are many types of cryptocurrency wallets. In this article, we’ll take a look at the best hardware cryptocurrency wallet solutions.
In our analysis, we considered only well-known and trusted companies. The choice was made based on parameters such as safety, user reviews, rating, and functionality.
In this article, we have analyzed 9 companies that are the best in the market according to our methodology. In our analysis, we prioritized the security factor most of all and how companies approach the protection of user assets. A very important factor is compliance with security protocols and certification.
Certainly, some companies with well-known names stand out from the crowd, but in this article, we draw attention to the most reliable and proven software wallets.
9 Best Crypto Hardware Wallets in 2021 Below
- Secure
- Easy To Set Up
- Long-Lasting Battery
- Trusted
Ledger is best for users of all levels of experience and those who are using ERC-20 tokens.
Provides high-security assurance by applying encryption algorithms and providing cold storage capability.
- Intuitive
- Secure
- Great Customer Support
- Wiki Guides
Trezor is a good choice for experienced users. Even though some functions may be difficult to configure, it provides wiki manuals to manage advanced settings.
Supports most ERC-20 tokens and is compatible with many software wallet applications.
- Legit
- Innovative
- Touchscreen
Ngrave is a suitable device for those who are passionate about innovations and new technologies.
The first hardware cryptocurrency wallet to receive the highest security rating of EAL7.
- Swiss-Made
- Minimalistic Design
- Lightweight
This device is one of the best for storing your cryptocurrency. Most of all, it will appeal to users who are not afraid of difficulties with settings.
The body is made of epoxide, the same material used to create bulletproof glass.
- User-Friendly
- Quick Exchange
KeepKey is a modern option for anyone looking for a good alternative to an online Bitcoin wallet. It will appeal to everyone who prefers a stylish, up-to-date and safe solution.
Has one of the largest screens protected by polycarbonate housing.
- Highly Secure
- Large Screen
- Waterproof
Cobo Vault is a good choice for users focused on security. The device is designed to be one of the most protected on the market. It is expensive but suitable for those who can afford such a high price.
The world’s first leading wallet company to offer staking rewards and master nodes for cryptocurrency holders, allowing users to easily grow their digital assets.
- Belgium-Made
- Highly Secure
- Multi-Currency
In general, the device is suitable for users of any level. Both for beginners and advanced users, it will be handy to use the instructions and guides for setting up and installing available on the official website.
So far, the most affordable hardware cryptocurrency wallet in the world.
- Affordable Price
- Easy To Use
- Secure
- Portable
This is a great product for users taking their first steps to migrate from a hot or custodial wallet. If you plan to send frequent transactions, SafePal is just right for you!
Portability is one of the strengths of SafePal, it can be taken on the road like a credit card. With 10 minutes of daily use, the battery lasts up to 20 days.
- User-Friendly
- Large Touchscreen
- Virus-Free Usage
It is the best solution for Android users since the Opolo app is available on Android. A great choice for people who want to buy a wallet for protecting their high-value assets against significant risks.
One of the first wallets to be audited by Digital Security Paris, France for IOT Secure certification.
How Do Cryptocurrency Wallets Work?
To work with cryptocurrency, crypto wallets are most often used. It is a special program that integrates into an exchange, software, or hardware environment. With its help, the user can work with the blockchain as well as perform transfer operations. Each key, regardless of the environment, has a private and public key.
The public door is available to everyone and is used to transfer funds. The private key is a security password that consists of a cryptographically generated combination.
What Types of Crypto Wallets Are There?
In general, wallets can be divided into 2 types – custodian and non-custodial. The last one is a type of decentralized wallet, where the user owns his private keys. With this approach, the user receives a file where his private keys are stored. And he needs to come up with a phrase restoring access to funds. If the user has private keys, this means that he has complete control over the funds and is responsible for them.
A custodial wallet means that private keys and other data, such as backups, are with the developer.
If you choose between these two options, then certainly non-custodial wallets are the most preferred. In this case, the assets are more protected and attackers will not be able to steal them.
Classification of Crypto Wallets?
So, as mentioned above, wallets can be classified into 2 large types. Let’s take a look at which wallets belong to each of these two types.
Custodial wallet
– Software wallets
There are several types of software wallets, each with its own characteristics. Most of these wallets have an internet connection, so they are hot. They store their keys on servers, but there are not so many such wallets.
– Exchanges
On some exchanges, a crypto wallet is sometimes provided upon registration. Keys are generated on the developer’s servers and remain there without reaching the user.
Non-custodial wallet
– Web wallets
These types of wallets are the most popular among novice users and those who trade frequently and a lot. On the websites of large cryptocurrency exchanges, you can often see such wallets. With their help, you can store any currency you bought. sell or transfer it to other users. The advantage of such wallets lies in the simplicity and speed of transferring various types of currencies. They are also convenient in that they can be accessed through a browser from anywhere in the world. However, they also have disadvantages. Although sites try to protect such wallets, attackers can steal money from accounts through uncontrolled computers that have malware installed.
– Mobile wallets
This type of wallet is used to store both large and small amounts. Now more and more stores around the world are starting to accept crypto payments (Bitcoin / Ethereum), so mobile wallets are convenient for paying for purchases in the store.
– Paper wallets
This type of wallet is considered the safest for storing cryptocurrency. To use it, you need to print the keys on paper and then integrate them into an online wallet.
“Bitcoin will do to banks what email does to regular mail.”
Rick Falkving, a Swedish information technology entrepreneur and founder of the Swedish Pirate Party
Indeed, imagine what kind of transformation crypto wallets are performing in comparison with conventional ones. Already, you can pay with cryptocurrency in a regular grocery store. And for those people who consider this digital asset to be something from the realm of fantasy and continue to pay with paper money, the modern approach is just mind-blowing.
Frequently Asked Questions
Depending on the method of storing cryptocurrency, wallets are divided into cold and hot. Let’s see how they differ.
A hot wallet is any kind of wallet that is connected to the internet. Hot wallets are pretty easy to set up, convenient for users and traders. For example, you create an account on the exchange and send funds to your account. This means that you are making a deposit to your hot wallet.
Cold wallets are a type of wallet that has no connection to the Internet. It is about cold wallets that we are talking about in this article. These types of wallets use a physical medium to store keys. Of course, this makes them more resistant to hacking. This option is best suited for those who are going to store crypto for a long time.
This question is very common, but the answer often depends on the crypto coins you own. When you select a wallet, first of all, look at what cryptocurrencies it supports.
However, what if you want to store several different currencies at once in one wallet? The answer is simple – use multi-currency wallets. Using a multi-currency account is much easier because you don’t need to use different wallets for different coins. However, I emphasize once again that it is necessary to check which currencies the wallet supports.
As we mentioned earlier, a crypto wallet has private and public keys. Although your wallet address does not contain your name, you can still get a lot of information about yourself.
For example, you can find out about all transactions that were made from a specific wallet. For example, the amount and addresses to which the transfer was made. Of course, an ordinary person cannot immediately get a lot of information about you. However, you must understand that the government is trying to regulate cryptocurrency exchanges. Therefore, when buying crypto coins for real money, you identify yourself. On centralized exchanges, this happens during the registration process. Thus, when you withdraw funds to wallets, the exchange knows that this particular wallet is associated with your personality.
Quite often people say that cryptocurrencies are stored in wallets. However, from a technical point of view, this is not true. In fact, the funds are stored on the blockchain. It is a distributed decentralized ledger. Blockchain, as the name suggests, is a chain of blocks containing information. Wallets contain data allowing access to funds stored inside the blockchain.
How To Set Up A Crypto Hardware Wallet – Steps To Take
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Buy the hardware wallet
Better use any of the ones described in this article, since they’re trusted.
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Complete software installation process
No matter what company you choose, any of them has the software you need to set up. You can download it from the company’s website. Don’t be afraid to do that and just follow the instructions given on the site.
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Transfer crypto coins to your wallet
However, pay attention to the availability of buying crypto with your local currency.
Bottom line
Cryptocurrency wallets are an integral part of using cryptocurrencies. With their help, you can send and receive transfers through the blockchain network. The best crypto wallet is the one that suits you best. That is why it is important to know the advantages and disadvantages of different types of wallets. Before you start using them, familiarize yourself with how they work. We hope this article answered all your questions and helped you choose the best crypto wallet.