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10 Best Crypto Hardware Wallet in 2024

Sep 21, 2022 5 min read

Best Hardware Wallets for Crypto in 2024

Before purchasing cryptocurrency, find a good wallet to store it. A cryptocurrency wallet is a device or an app where private keys are stored. If you are going to store your coins for the long term, consider getting a hardware wallet.

What Is a Hardware Wallet?

A hardware wallet is a device - a disk, a USB, or a specially created device where your private keys are stored. Normally, a hardware wallet can be connected to the web via Bluetooth or a cable to enable you to perform operations with your coins.

How Does a Crypto Hardware Wallet Work?

A hardware wallet stores your private keys that provide you with access to your coins. The coins are stored in a blockchain.

How to Decide Which Wallet to Pick?

When selecting a cryptocurrency wallet, you shall consider a number of details. Some of them are mandatory:

  • Safety level - the wallet shall be safe. It shall provide you with a seed phrase. This phrase is used to recover your funds on another device if the wallet is lost or damaged. 2-factor authentication is another feature that boosts the wallet’s security level. And finally, a non-custodial wallet is safer than a custodial one.
  • Ease of use - you shall be able to use the wallet without major difficulties. Otherwise, you may end up making a mistake and losing funds.
  • Supported coins - it shall support the coins you need. Otherwise, you won’t be able to use the wallet.

Some features are not mandatory but it is better if they are there.

  • An opportunity to withdraw funds to your bank account.
  • Swaps within the wallet.
  • Fees for swaps.

A more detailed guide on the wallet selection can be found here.

Also, make sure you understand the difference between a cold and a hot wallet.

Hot Wallets

Hot wallets are web wallets. If you use a desktop wallet, and it is connected to the web, it can also be regarded as a hot wallet.

Such wallets are comfortable if you trade. You can access your funds and swap them asap. But hot wallets are the least safe wallets. They are a relatively easy target for hackers because of their online presence.

If you are going to use a wallet to invest in the long term, a cold wallet is a more suitable option.

Cold Hardware Wallets

Cold wallets are normally special devices. Sometimes, users keep their private keys engraved on a piece of metal. In such a case, this piece of metal is a cold wallet, too because it is not connected to the web.

Cold wallets are not so comfortable if you need to have constant access to your crypto funds, for trading, for example. But they are good for keeping funds in the long term because they are safe. Unless you give the private key to somebody, there is no way to hack your hardware wallet when it is offline. Make sure though that you don’t use a second-hand wallet - such items may come with malware installed to steal your private keys.

Benefits of Hardware Wallet

Hardware wallets are the most popular wallet type among users who want to store their coins for a long time. They are safe - this is their main benefit.

List of the Top Bitcoin Hardware Wallets

Even though the variety of hardware wallets is not high, we have selected the best of them.

Ledger Nano X

Ledger hardware wallets are among the leaders in the market. Ledger Nano X is the hit among them. It supports over 1,000 coins and tokens and is compatible with mobile devices. The company’s reputation is perfect which is a massive benefit.

However, the Bluetooth connection interface is confusing.

Ledger Nano S

A sleek design, the support of the widest range of coins, and the top safety level make this wallet the top choice for both beginners and experienced users.

Ledger Nano S Plus

Ledger Nano S Plus is an upgraded version of Ledger Nano S. The elegant design and upgraded features make the wallet even more attractive. A large screen and a big memory volume are additional pros of the wallet.

Trezor T

Trezor T is an improved wallet type. Its screen is much larger than in the models released previously.

The main benefit of this wallet is its uncompromised safety. It is the most secure hardware wallet. Even if you are recovering your wallet by providing your seed phrase, all the interactions happen within the Trezor T device. So, hacking it becomes practically impossible.

Trezor One

It is one of the oldest hardware wallets. A nice design makes the device attractive, and ease of use makes it good even for beginners. It supports a lot of coins. But considering that this is the first hardware wallet, we recommend checking what coins are supported before you buy the device.

KeepKey

KeepKey is a beautifully designed wallet liked by many crypto enthusiasts. However, there are some drawbacks, and they shall be taken seriously. First of all, the wallet size. It is much bigger than the devices manufactured by Ledger and Trezor. Moreover, the number of supported coins is very limited. And finally, their customer support is known for not being available which is a significant drawback.

SafePal S1

This wallet is backed by Binance Labs. Among the innovative features that distinguish this wallet from its competitors can be distinguished by the air-gapped connection and EAL-5+ security certification.

In case of offline-forceful attacks, the wallet protects your funds with a self-destruct mechanism.

The device supports over 20 blockchains with over 10,000 coins and tokens.

Ellipal Titan

Ellipal Titan is another innovative wallet that uses an air-gapped connection. It is completely isolated - physically, electromagnetically, and electronically - from any other network. It is not compatible with WiFi, Bluetooth, or other connections which makes it 100% safe. All the transactions are signed with a QR code.

Over 40 blockchains are supported.

SecuX V20

SecuX offers three hardware wallet models, one of them can be used on a PC only, while the other two work for mobile devices and desktops. The wallets support all the main coins and all ERC-20 tokens.

CoolWallet Pro

This wallet works with mobile devices and enables staking Tron, Polkadot, and Cosmos tokens. It also enables users to participate in such activities as airdrops, connect to dApps, and swap coins.

Conclusion

Now, when there are many hardware manufacturers and hardware models, it is important to select your device very carefully. Every detail matters because you are dealing with money.

Cryptocurrency Wallet FAQs

How do hardware wallets work?

Hardware wallets store your coins in a safe offline environment.

How to manage cryptocurrency using hardware wallets?

It all depends on the wallet you have selected. Some of them (older models) would allow you to connect to the web to buy, sell, or exchange coins. Others will provide you with the most extensive functionality, including staking.

Are crypto hard wallets worth it?

If you are going to store your funds in the long term, or the funds are significant, hardware wallets are worth purchasing them.

What is the safest hard wallet for cryptocurrency?

Ledger and Trezor brands are historically the safest ones.


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