With the rise in popularity of cryptocurrencies, there has been a corresponding increase in the number of people looking for the best hardware wallet for cryptocurrency.
A professional cryptocurrency user would certainly use a wallet to store his digital assets. They are considered one of the safest options to store cryptocurrencies and digital tokens.
However, someone stepping into the world of cryptocurrencies must be aware of the various options in storing digital assets for extended periods of time.
There are a number of different hardware wallets on the market, and choosing the right one can be a challenge. In this article, we will take a look at 12 of the best hardware wallets for cryptocurrency in 2022.
What is Hardware Wallet?
A hardware wallet is a physical device that stores your private keys and allows you to sign transactions offline. This means that even if your computer is hacked or your private keys are stolen, your coins will remain safe.
They are the most secure way to store your cryptocurrencies, and they support a wide range of coins and tokens.
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How Does a Hardware Wallet Protect Your Crypto?
There are two types of wallets: hot wallets and cold wallets. Hot wallets are connected to the internet, while cold wallets are not.
A hardware wallet is a type of cold wallet that stores your private keys on a physical device.
This device can be connected to your computer or phone when you need to sign a transaction, but it is otherwise offline and not connected to the internet.
This makes it much more difficult for hackers to steal your private keys, as they would need physical access to the device.
12 Best Hardware Wallets For Cryptocurrency
Some of the best cryptocurrency hardware wallets are discussed and listed below, featuring their strong points. It will help the user conclude the type and kind of hardware wallet they should use at a particular time.
#1. Ledger Nano X
The Ledger Nano X is supported by Windows, Linux, Mac, and the IOS and Android operating systems. There is a provision for a USB cable which makes it convenient to connect to laptops and desktop PCs as well.
Supporting over 1600 plus cryptocurrencies ensures that all the major digital assets are within reach. Additionally, despite having just two buttons on the body of the hardware wallet, it is possible to perform a range of actions.
The Ledger Nano X works with live software to enable the installation of blockchain apps with operations like selling, buying, and swapping cryptocurrencies. New features are being added regularly.
Taken feature for the future, this could be the most cost-effective hardware wallet to have hit the markets in recent times.
#2. Trezor Model T
This is the second generation of the Trezor hardware wallet and has its predecessor in the Trezor One. the Trezor Model T could match the leading products currently available in the market to enhance security and comes with a built-in touch screen.
A range of actions can be performed on the body of the best hardware wallets. Including confirmation of transactions. The Trezor wallet can handle over 1800 Crypto coins and tokens and transact in real-time. There is a provision to switch to Bitcoin-Only firmware designed to handle only the Bitcoin transactions and processing.
Trezor One has been completely rewritten to present the user with One of the most pleasant user experiences.
The wallet supports Windows, Linux, Mac, and Android Operating systems but not IOS. With Trezor suite software to communicate with devices, it has always been a seamless experience using the product.
#3. Ellipal Titan
The most notable feature of this hardware wallet is that it uses an air-gapped security solution. This means that the Ellipal Titan is kept isolated electrically, electromagnetically, and physically from any other network.
While it is common for other hardware wallets to use USB ports or Bluetooth to connect to devices, the product with its Ellipal app uses QR codes to confirm and transact with devices.
The Circuit board of the Ellipal Titan, one of the Best Crypto Hardware wallets, is made so that it is incompatible with Bluetooth, WIFI, and all cellular networks. This bit of added security does find its takers in the customers of the product. it is impossible to establish a physical connection between the Ellipal product and any other device at all times.
Equipped with a 4-inch square color touch screen, it is possible to conduct all transactions on the body of the wallet. Elliptical Titan supports over 10,000 tokens and 40 Block-chains. The Elliptical Titan comes in a hand metal case that houses an accessorized screwdriver and space to note down codes of operation.
#4. SafePal S1
The SafePal S1 is backed by Binance labs and uses an air-gapped connection mechanism. With EAL 5+ securing rating, the credit card-sized hardware wallet is one of the most secure available.
Supporting 20 Blockchains and over 10,000 tokens, this is one of the most versatile wallets around. The wallet is connected to mobile phones with the help of the Safepal App and supports both Android and IOS systems.
The Safepal S1 and the Safepal App that works as the front end does indeed tie up the package to present the user with a good working environment. It is great for supporting marketplaces for trading cryptocurrencies. There is compatibility between the DApps of various networks and seamless operation too.
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Working over the encrypted Bluetooth connection, the D’cent Best Hardware Wallets can be used with most mobile phones. It is suitably supported by Android and IOS devices too.
With an inbuilt fingerprint scanner, it is possible to offer a higher range of security against intrusion. It is possible to validate transactions biometrically as well, thus ensuring unhindered speeds of operation. Surrounding the fingerprint scanner pad are four navigation buttons that enable the smooth working of the device.
The futuristic design ensures that D’cent remains trendy for most uses and applications. With the EAL 5+ security certification, the product could be one of the most trustworthy to use.
D’cent wallet has a 128 X 128-pixel display that makes it suitable for all types of transactions. It supports all Ethereum tokens and the custom coins found in the Binance ecosystem. On offer are over 25 Blockchains.
#6. SecureX V20
The Securex V20 features three models of the Best Crypto Hardware wallets, the W10, the W20, and the V20. W10 is to be exclusively used on desktops and laptops, whereas the W20 and the V20 can be used on PCs and mobile phones as well.
Connectivity is with the use of Bluetooth pairing as well as a USB cord. Support Windows, Linux, Chromebook, Mac, and IOS in mobiles. Additionally, the product uses advanced encryption standards that include the EAL 5+ certification as well.
Primarily supports Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, BNB, Groestlcoin, Dash, Doge, Digibyte, Stellar, and all the tokens in erc20.
It is featured with a 2.8inch LCD screen that enables transaction and their confirmations – enclosed in a metal frame, the product packs in a 600MAh battery.
#7. CoolWallet Pro
The Coolwallet pro wallet connects to Android and IOS devices through the CoolBitX Crypto wallet App and Bluetooth. This is the second generation of the Coolwallet digital best cold wallet and enables the storage of TRON, COSMOS, and Polkadot crypto coins.
The CoolWallet Pro is available in three different versions, each with a different number of slots for different digital assets, and comes with a USB-C cable and micro-USB adapter for easy connectivity and power. The card is also compatible with the CoolWallet S and can be used in conjunction with it for additional security and for greater control over the private keys.
The CoolWallet Pro is one of the most secure digital asset wallets on the market, which is why we recommend it to all of our clients who are looking for a safe and secure way to store their digital assets.
#8. Keystone Pro
A lightweight wallet, Keystone Pro deserves to be on the list of the best crypto Hardware Wallets with a 4inch touch screen display. Attached is a detachable battery that brings great convenience to the user. Additionally, the product is air-gapped, which would make hacking into the wallet a not-so-easy thing to do.
With these security measures in place, a hacker would need to have physical access to the device, have a small enough USB device to connect to the micro-USB port, and be able to crack the PIN or password that the user has set.
#9. Bitbox 02
This Swiss-made desktop wallet can operate on Windows, Mac, and Linux systems. It is also possible to connect to the Android smartphone using the USB-C connector.
The BitBox 02 is plug and play, thus requiring no other software to be installed or initiated.
It is a non-custodial wallet, and hence it is a safe option for storing Bitcoin and other cryptocurrencies. It uses a microSD card for storing private keys, and user data is backed-up on the cloud. It is a secure wallet for storing Bitcoin and other cryptocurrencies.
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#10. Trezor Model One
This might be a generation behind the most sought-after hardware wallets of the year, but it has to be mentioned for the sturdy storage that it provides the user. The Trezor Model one is a tried and trusted wallet for the most part and has found general acceptance in the user community.
It comes with a number of features that make it a reliable and secure choice. The Trezor Model One is compatible with hundreds of cryptocurrencies. It uses a four-digit pin code to make sure that the device is not tampered with.
It also has a number of other security features that make it a safe option for storing cryptocurrency. The Trezor Model One comes with a USB cable to connect the device to a computer.
The Keepkey wallet could be one of the most pocket-friendly ones available on the market. It is a small USB device and costs around $130. It comes with a magnetic cover and a recovery card, which you can use to recover your wallet if you lose the device. There’s also a PIN and passphrase feature, both of which help you secure your crypto funds.
It’s both a software and a hardware wallet. In order to perform transactions, you need to connect the device to your computer via USB. You also need to install the relevant software.
It’s compatible with Windows, Mac, and Linux. You can also use it on Android-based wallets, including Mycelium and Electrum.
One of its main disadvantages is that it only supports a limited range of cryptocurrencies. The list includes Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, and Dogecoin.
This is strictly for die-hard Bitcoin users at all times. It does not support any other Crypto coin or currency and comes with an air-gapped connection, which is fully open-sourced in build. The overall design makes it quite safe, secure, and private all the time.
Basically, it is a USB-like device, which is designed to protect your Bitcoin funds. It helps you to create a secure and private seed, which is difficult to hack. You can buy this on amazon. It works with software named “Coldcard Wallet”, which is open-sourced and trustworthy.
Which Hardware Wallet Supports the Most Coins?
There is no definitive answer when it comes to which hardware wallet supports the most coins. However, the most popular models tend to offer support for the widest range of coins. The Ledger Nano S, for example, supports over 700 different cryptocurrencies.
How to Get a Hardware Wallet?
The best way to get a hardware wallet is to buy one from a reputable dealer. You can also find a link to each company store in this article. Once you have your hardware wallet, you will need to set it up. The process is different for each device, but the general idea is the same. You will need to create a PIN code and password for your device. You will also need to write down a backup of your device in case you lose it.
Should I Put My Crypto in a Hardware Wallet?
The short answer is a resounding ‘yes’. If you don’t have a cryptocurrency hardware wallet you are putting your crypto at risk of theft. If you are holding crypto on an exchange, they control the private keys, meaning they are in control of your crypto. If the exchange gets hacked, your crypto is at risk.
Can Hardware Wallet Be Hacked?
There is absolutely no way for a hacker to physically access your device to hack it and steal your private keys. The only way they could do it is by tricking you into giving them your 24-word recovery phrase.
What if I Lose My Hardware Wallet?
There is only one way to lose a hardware wallet, and that is to misplace your device. If you lose your hardware wallet, the only way to get your money back is to find the device. There is no magic software that will recover your money for you.
If you have a backup of your device, you can use that to recover your money. Otherwise, you will have to rely on your memory of your device’s PIN code and password to get your money back.
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There you have it, the ultimate guide to the best hardware wallets for cryptocurrency in 2022.
We hope that this guide has helped you make an informed decision about which hardware wallet is right for you. If you have any questions, please feel free to leave them in the comments section below.