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Updated on December 16, 2022
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8 mins read
CoinSutra » Wallets » The 6 Best Crypto Hardware
Wallets In 2023 ( + Altcoins Supported)
308Shares
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Best Bitcoin Hardware wallet Compared |
Rating |
Price |
|
Ledger Nano X |
9.8/10 |
$149 |
|
Ledger Nano S Plus |
9.6/10 |
$79 |
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Ledger Stax (Releasing March 2023) |
9.8/10 |
$291 |
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Safepal hardware wallet |
9.5/10 |
$49.99 |
|
9.4/10 |
$215 |
More and more people are
joining the realm of Bitcoin each day.
While some are happy storing
their Bitcoin in software or desktop wallets, some want to use more secure
wallets. And if you are a long-term investor, this is not a bad idea.
However, for long-term ‘HODL‘ you should use a Hardware wallet.
Most Popular
$179
- Best Hardware Wallet
- 1500+ Cryptos supported
- Save 50% on Ledger Nano S + X Bundle
We earn a
commission if you make a purchase, at no additional cost to you.
I endorse using a Hardware
wallet as it offers great security, and you can even use it for your day-to-day
transactions.
Hardware wallets
promise enhanced security against software wallets in the case of theft or
scams. Moreover, your coins are safe even if your computer is hacked or someone
steals your Hardware wallet. If you lose your hardware wallet, you can always
restore all your coins to a new wallet.
Important point: No one can
transfer Bitcoins or other coins from your hardware wallet without knowing your
secret pin code. More than that, no spy screen recorder or Trojan can record
what’s happening on your Hardware wallet, as it’s not using your laptop or
system resources and have a dedicated LCD screen. More on this in the below
section:
Page
Contents [hide]
·
Best Hardware Wallet for Bitcoin &
Cryptocurrencies
o
1. Ledger Nano X (Order here)
o
2. Ledger Stax (Pre-order now)
o
5 Safepal S1 hardware wallet –
·
Ledger Nano S vs. Trezor vs. KeepKey
(Comparison)
o
Cons of Bitcoin Hardware Wallets
o
Is a Crypto Hardware wallet necessary?
o
What happens if you lose your hardware
wallet?
o
Is setting up and using a Bitcoin
hardware wallet tough?
o
The Best Bitcoin Hardware Wallets
What is a Hardware
Wallet?
Hardware wallets are
tamper-proof electronic devices designed to store private keys of your
coins in an offline setting. The private
keys and digital signatures needed to spend bitcoins are
generated via these wallets.
Like how you set up any wallet,
you need to write down the seed word (recovery phrase) on a piece of
paper and store it in a safe place. Prefer making 2-3 copies & distributing
them. And as your keys are offline, there is no possibility of getting
hacked.
At the time of this writing,
there has been no reported theft or loss of bitcoins from a
hardware wallet. Some hardware wallets have security grid cards, and some
have a little digital screen with a user interface to verify transactions.
Even in the case of damage to
your hardware wallet, you can restore your bitcoins easily with the recovery
phrase.
Note: Bitcoin hardware wallets were invented
after Bitcoin was born. At present, you can store other cryptocurrencies in
these wallets as well (ETH, BNB, DOT, etc.).
If you want to store Bitcoin
& other Cryptocurrencies securely for the long term, then you should order
a hardware wallet. Since most of these hardware wallets have a waiting period
of a month or two due to huge demand, you should order one as soon as possible.
If you are looking for a single
recommendation as the best Bitcoin hardware wallet, then you should look no
further than Ledger Nano X. If money
is not an issue, I would suggest ordering 2 of them at the same time. I
have explained the reasons here.
Best Hardware Wallet for
Bitcoin & Cryptocurrencies
Even though I initially curated
this list for Bitcoin, over time, the list has evolved into accommodating
more blockchain. For
example, Binance smart
chain, Polkadot, Solana, and more new blockchains are being supported by many
of these hardware wallets. Supporting multiple blockchains is one important
feature that a hardware wallet should have in 2023.
Ledger Nano X is the best hardware wallet
to use in 2023, however, if you are looking for a Bitcoin-only wallet, then you
can use something like Coldcard hardware wallet.
1. Ledger Nano X (Order here)
Ledger Nano X is the latest
hardware wallet by the Unicorn of hardware wallet Ledger. The beauty of
the Ledger wallet lies in its State-of-the-art Security which is possible with
the help of 2 chips. Ledger Nano X is the perfect union of hardware security
and mobility. The Bluetooth feature will let you use this hardware device on
the move with your phone or laptop without using a cable. Read my
detailed Ledger Nano X review.
The world is going crazy about
this hardware wallet because of its ability to hold multi-cryptocurrency at one
time. In the earlier version of Ledger (Nano S, which is mentioned below), we
had to manually install/remove the apps to use a specific wallet. In Ledger
Nano X, you can install multiple crypto wallets at the same time.
Features of Ledger Nano X:
- Size: 72mm x 18.6mm x 11.75mm Weight:
34g
- Stainless steel and plastic
- 100mAh battery
- Store multiple cryptocurrencies at the
same time
- Easy to use
- Free shipping
- Login to DEX like Binance
Some of the popular crypto
wallets available in Ledger Nano X are:
- Bitcoin
- Bitcoin Cash
- Ethereum
- Litecoin
- Monero
- Ripple
- Solana
- Terra
- Binance Coin
- ERC20 Tokens
- 100+ Cryptocurrencies
|
Size: |
72 mm x 18.6 mm x 11.75 mm
(2.8 in x .73 in x 0.46 in) |
|
Weight: |
34 g (0.56 oz) |
|
Screen: |
128 x 64 pixel monochrome |
|
Price: |
US$119 plus shipping |
If you are looking for a single
recommendation for buying the best hardware wallet, Ledger Nano X is the best
choice this year.
2. Ledger Stax (Pre-order now)
Ledger Stax was announced on
6th December by the Ledger team, and it is the most talked about crypto hardware
wallet, because of its remarkable design.
Fun
fact: 20% of the world’s crypto and 30% of the world’s NFT are stored on Ledger
wallets as of December 2022.
Price – 279 Euro
Features of Ledger Stax –
- Ledger security technology
- E Ink touchscreen for better battery
preservation
- Personalization option
- Wireless charging
- Magnetic case
- Mobile first experience with Bluetooth
feature
This Ledger model is designed
by the designer of the original iPod “Tony Fadell”.
3. Ledger Nano S Plus
Another popular hardware wallet
by the Ledger team. The Ledger Nano S plus is a product of a France-based
startup. It has a sleek and attractive European touch to its design.
Some of its core features are
the backup seed key for recovery of your bitcoins, the easy-to-use OLED
interface, and a flash drive-like feel with two buttons on the side for
navigating the interface.
It is a battery-less
device that you can connect to a PC or mobile device via USB.
The Ledger Nano S plus now
supports nine cryptocurrencies (including Bitcoin) and is the cheapest
multi-currency hardware wallet available (79 euros). However, I suggest
purchasing the Ledger Nano X, the modern version of the Ledger Nano S.
|
Size: |
57mm x 17.4mm x 9.1 mm (2.2
in x .68 in x 0.35 in) |
|
Weight: |
16 g (0.56 oz) |
|
Screen: |
128 x 32 pixel monochrome |
|
Price: |
Euro 79 plus shipping |
4. Trezor
The Trezor Bitcoin
hardware wallet pioneered the era of hardware wallets. Created by SatoshiLabs,
it is the world’s first secure Bitcoin hardware wallet.
It looks like a small
calculator with an OLED screen. Randomly generated nine-digit pins
and a 24-word recovery seed key ensures security in case the device is lost or
damaged. Its purpose is to store private keys and sign transactions offline.
You can use the Trezor
wallet with Android devices and with apps such as TREZOR Wallet, Mycelium, and Multibit
HD. Here is a video tutorial series on how to start using Trezor.
The price tag of both Trezor
Model One and Trezor Model T is 69 EUR and 249 EUR, respectively.
5 Safepal S1 hardware
wallet –
Safepal is a cold storage wallet
that is pocked and budget-friendly. The price starts at $49.99 and comes with a
1-year warranty. This hardware wallet has got investment from the Binance labs
and offers a 100% offline air-gapped signing mechanism.
At the time of compiling this
list of top crypto hardware wallets, the Safepal S1 wallet supports 54+
blockchains and unlimited tokens. The company often release new software
upgrade to add support for newer blockchains.
This hardware wallet is the
size of a credit card and is easy to carry around.
Crypto newbies who are not
ready to spend over $50 on a hardware wallet, usually opt for the Safepal
hardware wallet.
Order Safepal S1 Hardware Wallet
6. KeepKey
Ledger Nano S
|
Trezor
|
KeepKey
|
|
|
What’s in the box? |
✓
Ledger Nano S |
✓
TREZOR |
✓
KeepKey |
|
Dimension & Weight |
Height: 98 mm |
Height: 60 mm |
Height: 38 mm |
|
OLED Display & Buttons |
Yes |
Yes |
Yes |
|
Compatibility |
Windows (7+), Mac
(10.8+), Linux |
Windows, Linux, OS X
(10.8 or higher). |
Windows, Mac, and
Linux |
|
Cryptocurrencies |
✓
Bitcoin |
✓
Bitcoin |
✓
Bitcoin |
|
Buy Now |
KeepKey is another hardware
device available in the market for storing bitcoins.
It doesn’t offer much compared
to the Ledger Nano S or Trezor. Moreover, it is more than two times in
size than its peers and not so convenient to carry in your pocket.
It has the same backup seed key
feature with pin code enabled and works like the other wallets. At present, it
supports six cryptocurrencies (including Bitcoins).
It also comes with a $99 price
tag.
Consider reading these comments
and reviews about KeepKey on Reddit and Amazon.
Ledger Nano S vs. Trezor
vs. KeepKey (Comparison)
Cons of Bitcoin Hardware
Wallets
While the brighter side of
hardware wallets is that they keep your keys safe offline, they also come with
some drawbacks. For instance, if you forget or misplace your recovery seed key
and/or PIN code, then you can’t access your coins.
So you always need to remember
your PIN code.
You should also write your backup
seed key on paper and keep it safe. I recommend you to make 2-3 copies of this
key and keep all of them in different places.
Here are a few FAQ”s related to
Hardware wallets for Bitcoin:
Is a Crypto Hardware
wallet necessary?
For any Cryptocurrency
investor, a Hardware wallet is a must-have device. Since you are your own bank
when dealing with Bitcoin and cryptocurrencies, this is one of the first things
you could do to ensure safety and security from hackers.
What happens if you lose
your hardware wallet?
If you lose your hardware
wallet, there is no need to panic. As long as you have used a Pin to access
your hardware wallet, no one can steal your Cryptocurrencies. You can restore
your wallet on any other wallet using the seed word you received when setting
up the hardware wallet.
Is setting up and using
a Bitcoin hardware wallet tough?
Bitcoin hardware wallets like
Ledger Nano X are one of the easiest wallets to use. There are plenty of guides
and also support on Reddit to help you set up everything on your own. These
modern gadgets are designed to be secure and easy to use.
The Best Bitcoin
Hardware Wallets
Overall, having an offline
storage space for your cryptocurrencies is a really smart thing to do.
So let us know: Which Bitcoin
hardware wallet are you using?
Let us know in the comments
below!! Have a question about Bitcoin hardware wallets? Ask us in the
comments!