Last update: Jun 9, 2021

Best Hardware Wallet: Most Secure Way To Store Crypto

If you’ve been in the crypto market for a while and need a way to keep your digital coins secure, then it might be time for you to start getting serious about purchasing the best hardware wallet. These cold wallets are designed with security in mind, so if that’s what you need, then you’ve come to the right place to learn about them.

Best Hardware Wallets On The Market

History

Old Trezor in 2014

Some would argue that the original hardware wallets were paper wallets.

Paper wallets are simply pieces of paper you print off that have your wallet information, like your private keys.

The first physical wallet, however, was the Trezor One, which launched in 2014.

Later that year, Ledger followed suit by releasing its first hardware wallet in December.

Since that time, both Ledger and Trezor have released updated models of their original wallets.

These include the Trezor Model T and the Ledger Nano X, among other hardware options.

The biggest news since the launch of the original hardware wallets was probably Samsung’s announcement in 2019.

Protected by its proprietary Knox software and hardware, the telecom behemoth integrated a physical wallet into its Galaxy 10 Android smartphone.

Not only does this functionality make physical wallets easily accessible, but it also introduces cryptocurrencies and blockchain technologies to a large audience.

Since the release of the original hardware wallet by Trezor, these devices have gone through significant improvements.

For example, many hardware devices come with large color screens with high-resolution displays. Several options support hundreds of tokens and coins while others tout Bluetooth functionality.

It’s easy to see the evolution of these wallets over time. Gradual improvements have resulted in upgrades for crypto users and holders.

However, the core purpose of these devices has not changed: to keep your private keys safe, isolated, and protected.

Why use a hardware wallet?

Hardware Wallet Usage

If you’re choosing a wallet to hold your Bitcoin or altcoins, you’re not going to find a perfect option.

No matter what type of wallet you select, there are still ways a hacker or cracker can gain access to your funds.

However, I believe the best way to minimize the risks associated with holding cryptocurrencies is by keeping them in a hardware wallet.

With an offline hardware device, your crypto assets are kept in cold storage. This type of storage is much safer than the online wallets that many people use.

Plus, your funds are kept away from the potential attacks that are always on the horizon for many crypto exchanges and platforms.

Please don’t misunderstand, hardware wallets are very secure, but they’re not perfect. For example, hackers were able to access Ledger’s servers not too long ago.

This type of breach created the possibility for malicious firmware to be pushed out to physical wallet owners.

However, these types of attacks are much more challenging to pull off than the hacks you’ll see on exchanges and hot wallets.

In addition to all the security features associated with hardware devices, manufacturers have started focusing on ease of use.

That means they’re making it easier for everyday crypto investors and holders to use their wallets.

Companies like Ledger and Trezor are focusing on making it as simple as possible to store your digital assets on their cryptocurrency hardware wallets.

Best hardware wallets on the market

There are plenty of hardware wallets available for purchase, but we want to tell you which ones are best.

This is our list of which hardware devices offer the best features, best functionality, and best support for a wide range of cryptocurrencies.

Ledger Nano X

Nano X Connectivity With Phones

It’s easy to make a case for the Ledger Nano X as the best hardware cryptocurrency wallet on the market.

The device is built to keep your digital coins as secure as possible, which it does by keeping your private keys in cold storage.

In an effort to provide the best security available, Ledger uses its own proprietary operating system called BOLOS.

Additionally, the company has a security chip that is CC EAL5+ certified.

Not only that but Ledger’s devices are audited by French national cybersecurity company ANSSI, which means you’re getting a very secure device.

You’ll get plenty of features with the Ledger Nano X, which include the ability to store a wide variety of digital assets, manage your portfolio through the Ledger Live software, and connect your smartphone to your wallet through Bluetooth.

Even though the wallet is designed with crypto holders in mind, it’s easy to receive and send cryptocurrency while putting your favorite assets to use.

If you want one of the best physical wallets available, you’ll be hard-pressed to find something better than the Ledger Nano X.

Pros

  • Very secure
  • Easy to use
  • Sleek and sophisticated design
  • Supports hundreds of cryptocurrencies
  • DeFi functionality
  • Connect to smartphone via Bluetooth

Cons

  • More expensive than other hardware wallets
  • Address changes aren’t validated
Wallet
Ledger Nano X

Ledger produces some of the best hardware wallets in the business, which is why you should give the Nano X serious consideration. This sleek device, with an intuitive user interface, and multi currency support is an excellent option for managing all your digital assets.

For all the security afforded with a hardware wallet, head on over to the Ledger website and order your Nano X today!

4/5
Visit Ledger Nano X

How do I add BTC to my Ledger Nano X?

To add Bitcoin to your Ledger wallet, follow four simple steps:

  1. Download and install the Ledger Live software application
  2. Setup your Ledger Bitcoin app
  3. Copy the Bitcoin address in your Ledger wallet
  4. Log in to the platform you’re sending the Bitcoin from, paste in your wallet address, and send your BTC to your Ledger wallet Bitcoin address.

Trezor Model T

Trezor Model T In Hand

Even though the Trezor Model T from SatoshiLabs is one of the oldest physical wallets out there, it still ranks among the best.

Even though the Trezor Model T from SatoshiLabs is one of the oldest physical wallets out there, it still ranks among the best.

Even as a seven-year-old device, the Model T is Trezor’s premium hardware wallet, designed to support both active traders and crypto holders.

The Model T offers plenty of features you’re sure to use, including support for cryptocurrencies like Ripple (XRP), Monero (XMR), and Cardano (ADA).

Trezor hardware devices are completely open-source, which means you have access to view the software anytime you want.

You’ll notice a high-quality built-in touchscreen, which gives the wallet a premium look and feel.

Plus, with the touchscreen, you can quickly and easily enter passphrases and PINs on the device, which is much more convenient than what the Ledger devices have to offer.

Pros

  • Easy to use
  • Built-in color touchscreen
  • Supports hundreds of cryptocurrencies
  • Open-source software

Cons

  • Currently only supports Android operating system
  • More expensive than other hardware wallets

How do I add BTC to my Trezor Model T?

To move BTC into your Trezor Model T Bitcoin cryptocurrency wallet, the first thing you need to do is make sure you select the correct digital currency. Once that’s done, select “Receive” in the wallet.

Next, click “Show Full Address,” then copy the address.

Navigate to the sending wallet, and paste your Model T address into the appropriate field. Enter the amount you’re moving, then click “Send.”

Go back to your Trezor wallet and wait for your funds to arrive.

Wallet
Trezor

When it comes to crypto hardware wallets, Trezor is among the best there is. It’s easy to set up, secure, and affordable. Trezor hardware wallets allow you to send and receive all your favorite cryptocurrencies while providing the privacy and security you need to keep your digital coins safe.

Trezor is one of the highest-rated hardware wallets on the market, so be sure to visit their website and order your favorite one.

4/5
Visit Trezor

Ledger Nano S

Authenticated Ledger Nano S

The Nano S is Ledger’s original hardware Bitcoin wallet. This first generation wallet was created by Ledger in 2014 and is still going strong nearly seven years later.

Keep in mind that if you use the Nano S that it’s not going to come with a USB-C cable like many of the newer wallets.

So if you have a newer Android or iOS tablet or smartphone, you won’t be able to connect it to it.

Like its successor, the Nano X, the Nano S offers support for a long list of digital coins and tokens.

You can manage all these cryptocurrencies through the Ledger Live application.

Unfortunately, it doesn’t offer Bluetooth functionality and you’re limited to the number of applications you can use at the same time, but overall it’s a solid physical wallet.

If you want to create enough storage space for another wallet on your Nano S, you’ll first have to remove another wallet if the device is full.

However, if your main goal is simply to hold your Bitcoin or other digital coin, then the Nano S might be right up your alley.

It’s great for beginners, the interface is clean and easy to use, and you can track all your wallets in one place.

Pros

  • Simple user interface
  • Supports hundreds of cryptocurrencies
  • Affordable
  • Send, receive, and manage crypto through Ledger Live software

Cons

  • Not a lot of storage space
  • No Bluetooth connectivity

How do I add BTC to my Ledger Nano S?

To add Bitcoin to your Ledger Nano S, the first thing you need to do is open the Bitcoin app via the Ledger Live software. Be sure you select Bitcoin, then click on the “Receive” button at the top of the app. In the pop-up menu, select “Display Address” to see your Bitcoin wallet address.

Copy the address that comes up, then enter it into the “Send” field of the source your Bitcoin is coming from. Double check that the address and the amount is correct, then send your Bitcoin to your Nano S. Confirm the transaction, then wait for it show up in your Ledger wallet.

Wallet
Ledger Nano S

If you don’t want to mess around with software wallets, you should check out the Ledger Nano S. This affordable hardware wallet is a great way to keep your coins safe and secure. With support for nearly every coin on the market, it’s tough to go wrong with the Nano S.

To get your hands on this high-quality, affordable hardware wallet, visit the Ledger website

3.5/5
Visit Ledger Nano S

KeepKey

KeepKey Wallets

Another sleek physical device you can store your digital coins on is KeepKey.

This beautiful and popular hardware wallet launched in 2015 after it was acquired by the well-known trading exchange, ShapeShift.

With this built-in exchange, KeepKey users can easily trade their favorite crypto – like Dogecoin or Bitcoincash – right from the safety of their device.

KeepKey supports several operating systems including Mac OS, Linux, and Windows.

On the device is a large display, which offers clarity for every cryptocurrency you receive and send.

With such a large screen, it’s easy to monitor your transactions while confirming them by pressing one fo the device’s buttons.

Additionally, KeepKey includes PIN code protection to prevent unauthorized use from occurring.

The hardware device integrates passphrase security which adds another layer of protection to the wallet.

Users will also have access to create unlimited wallet addresses, along with the ability to customize transaction speed.

Pros

  • Supports popular altcoins like Litecoin, Ethereum, Dogecoin, and Dash
  • Supports multiple operating systems
  • Google Chrome plugin
  • Attractive and sleek design

Cons

  • Some restrictions make wallet a challenge for more advanced users
  • High price doesn’t match available features

How do I add BTC to my KeepKey wallet?

If you want to send Bitcoin to your KeepKey wallet, open up the KeepKey interface and select “Receive Bitcoin.”

When you do that, your device will generate a BTC address. Copy the address, then press and hold the button to confirm that you have the correct address.

Now navigate to the wallet you’re sending the Bitcoin from and paste the address into the address you’re sending it to.

Enter the amount you’re sending, then click on the “Send” button. That’s all there is to it.

Confirm the transaction in KeepKey and wait for your funds to arrive.

Wallet
KeepKey

For a cryptocurrency hardware wallet that offers multicoin support, check out what KeepKey has to offer. It’s easy to use, affordable, and very well designed. The wallet is user friendly and the interface is beautiful, making it one of the best hardware wallets on the market.

For stress-free, comprehensive crypto management, get your hands on a KeepKey hardware wallet.

3/5
Visit KeepKey

BitBox02

BitBox02

The last Bitcoin hardware wallet on our list is the BitBox02, which is a great tool for protecting, storing, sending, and receiving your favorite digital assets.

With its BitBoxApp, the BitBox02 is the perfect device to manage your cryptocurrencies with ease.

Designed like a small USB-C flash drive, the device’s form factor makes it perfect for portability.

The wallet is very discreet as most people will believe that it’s simply a thumb drive. It comes with everything you need to use your physical wallet no matter where you go.

With its Coin Control feature, BitBox02 gives users complete control over their Bitcoin and other digital assets.

Plus, the device works with MyEtherWallet, Mycelium, and Exodus. That means power users can use their favorite applications with their BitBox02 wallet.

Pros

  • Supports two factor authentication
  • Sleek and attractive design
  • Secure chips prevents physical tampering
  • Compatible with USB-C and USB-A
  • Easy to use interface

Cons

  • Small screen size
  • LImited support for altcoins

How do I add BTC to my bitBox02?

Find and copy the Bitcoin receive address in your BitBox02. Double check that you’ve correctly copied the wallet address.

Navigate to the site, wallet, or exchange that will send the funds to your device.

Paste your BitBox02 address into the “Send” field and enter the amount of Bitcoin you plan to send.

Confirm and click the “Send” button to initiate the transaction. Head back to your BitBox02 and wait for your funds to arrive in your wallet.

FAQ

There are plenty of questions about hardware wallets. Here are the answers to a few of the more commonly asked ones.

What is the point of a hardware wallet?

Hardware Wallet Usage

The purpose of a physical wallet is twofold. First, it should keep your digital assets secure and protected. Second, they are encrypted so that even if someone winds up with your wallet, they won’t be able to get to your digital assets.

These devices are small computers that store your digital coins and private keys.

They also sign your transactions so you know exactly where your crypto is going.

As a result, even if your smartphone, computer, or tablet are overrun with malware, your funds are safe.

Your private key isn’t compromised when sending transactions.

You generate a PIN and a passphrase when setting up your device, which you can use to restore your wallet if it gets lost or stolen.

Should I use a physical wallet?

Physical wallets are great options no matter what your experience level in the crypto industry.

Some people prefer to use hardware wallets to hold their coins while others prefer to use them to send and receive crypto on a regular basis.

The real reason to use a physical wallet is for security.

I have mentioned several times how secure hardware devices can be when used properly.

If security is your main priority, a physical wallet should be your wallet of choice.

Hot wallets, desktop wallets, and software wallets all have their strengths and weaknesses, but if security if your priority, it’s a great time to purchase a physical wallet.

What happens if my hardware wallet breaks?

ledger nano s recovery passphrase

When you set up your physical wallet, you set up a PIN code and a seed phrase.

This seed phrase is what you use in the even that your wallet is lost, stolen, or destroyed.

Be sure you write down these 24-words so you can quickly and easily recover your wallet if something bad happens to it.

All you have to do is order a new hardware device from the manufacturer, then type in those 24 words during set up to recover your old wallet.

It’s really that simple. Keep in mind that you should always purchase a new physical wallet straight from the wallet’s site to reduce the possibility of getting a device that’s been tampered with.

Where do you keep your hardware wallet?

There are plenty of general safety practices you should adhere to to keep your device from suffering a physical or digital attack.

Keep your potential threats to a minimum using the following simple rules:

  • Don’t tell anyone that you own digital assets or tokens. And if you do, be sure to keep the actual value of your coins to yourself.
  • Protect your real identity as much as possible, especially if you’re active in an online crypto community. Additionally, always be aware of the information you’re sharing with others.
  • NEVER keep your recovery sheet in your home. Bank vaults are much more secure if you have access to one. If you don’t have immediate access to your backup information, you drastically reduce the potential that your physical device could be hacked.
  • If you happen to own significant amounts of cryptocurrencies, keep your physical wallet in the bank. While it will reduce the access you have to your funds, it will also diminish the possibility of your digital assets being stolen.

Conclusion

As you can see, there are plenty of physical wallets on the market.

Some of these wallets are great for Bitcoin while others are perfect for holding altcoins.

No matter what your user experience, there’s a hardware device out there for you. However, don’t just close your eyes and buy one blindly.

Be sure to do your research and educate yourself on what makes the most sense for your needs.

Hardware wallets are a great way to keep your cryptocurrency safe and secure.

If security is the primary focus for your digital tokens, then it might make sense to seriously consider purchasing a physical device.

Avatar of andrejilisin
author Andrej Ilisin

A serial entrepreneur working primarily with digital assets. He's the CEO of Sharp Capital, a company that focuses on growing online businesses. Andrej is also huge crypto, chess, and CrossFit enthusiast.