Best Hardware Wallets for Crypto Storage 2023

Best Hardware Wallets for Crypto Storage 2023

Ledger Nano X

The Ledger Nano X is the latest generation hardware wallet from Ledger, which has been manufacturing digital asset self-storage devices since 2014.

The wallet allows you to securely store private keys to more than 5500 cryptocurrencies and NFTs, as well as stake your crypto assets wherever you are.

Unlike the more budget-friendly Ledger Nano S Plus, the Nano X has Bluetooth and is compatible with Android and iOS for maximum versatility. To date, no other device provides this level of security along with a wide range of functions.

Ledger Nano S Plus

Ledger Nano S Plus is the main competitor of the more advanced model. It provides the same high level of security and most of the features as the Ledger Nano X at a much lower price.

The Nano S Plus also supports 5,500 cryptocoins, tokens and NFTs, as well as staking and crypto exchange through the Ledger Live app.

This model does not have Bluetooth, and if secure offline storage of private keys suits you and you do not need quick access to assets, then Nano S Plus is the wallet for you.

The Ledger Nano S Plus strikes a great balance between security, coin support, functionality, and relative affordability, making it hard to find a better value option.

Trezor Model T

The Trezor Model T is the best wallet for power users as it offers a range of advanced features that professionals will really appreciate.

One of these features is the possibility of multi-signature (multisig) of the wallet. Multi-signature provides an additional layer of protection for cryptocurrencies, since signing requires two (or more) holders of the wallet from which the cryptocurrency is sent to confirm the transaction.

The Trezor Model T also supports Taproot, a privacy update for the Bitcoin network. This reduces transaction fees and allows users to use BTC smart contracts.

If anonymity is important to you, you can anonymize your transactions through the Tor network using the Trezor Suite interface.

You can also use the new Shamir backup system. A Shamir backup distributes your recovery phrase across multiple recovery shares, which can be stored in different locations for added security.

Cons? Trezor Model T is one of the most expensive hardware wallets on the market.

SafePal S1

SafePal S1 is a hardware wallet developed by Binance Labs.

Just as Binance gives you access to many crypto assets, SafePal S1 allows you to store potentially unlimited cryptocurrencies on 54 different blockchains.

The device is equipped with the same Secure Element chip as the more expensive Ledger hardware wallets, but this model is much more affordable.

However, it’s worth noting that setting up the device can be difficult for some, and sending transactions on the device can seem complicated.

So SafePal S1 might be a good choice if you are on a budget, but the wallet might not be the best option for crypto newbies.

Trezor Model One

The Trezor Model One was released just months after the infamous Mt. Gox hack in February 2014.

Many investors have learned the hard way that if there are no private keys to digital assets, they technically do not own them. The Trezor Model One was the first of its kind to guarantee storage in this era and they have proven themselves to be reliable manufacturers ever since.

So while the Trezor Model One may not have the highest functionality of any hardware wallet on the market, it remains a solid option at an affordable price.

Ledger Stax

The all-new Ledger Stax was created by Tony Fadell, co-creator of the iPod and iPhone.

The device is just as secure as other Ledger hardware wallets, but is more stylish and has been designed with the needs of everyday users, not just tech geeks in mind.

Ledger Stax features an e-ink touch screen with just over 9 cm (672×400 pixels), which makes managing your assets and signing transactions simple and convenient.

Other features that set it apart from other Ledger wallet models include the ability to charge wirelessly and set up a lock screen with one of your NFTs.

The device has a different size and shape and looks like 5 credit cards stacked on top of each other, while the rest of the Ledger hardware wallets resembled a flash drive.

Blockstream Jade

Blockstream Jade is a secure, open-source, multi-sig bitcoin cold wallet.

Blockstream Jade supports assets such as Tether (USDT) on the Liquid network. It has its own Blockstream Green software. The wallet does not have a Secure Element chip, the main security mechanism for Ledger wallets.

Blockstream Jade supports Bluetooth but only works with iOS devices. An interesting feature is the built-in camera for scanning QR codes.

Tangem wallet

The Tangem wallet is actually a plastic card and has an IP68 rating, which means it is waterproof (the device was immersed in water for 8 hours, after which the wallet worked stably).

To perform any manipulations, you will need to apply the card to the phone, after installing the application and setting up the wallet. Tangem Wallet works via NFC (must be supported by your phone).

The card has a Samsung S3D350A chip. It has Triple DES, ECC, RSA and AES encryption and EAL6+ security certification. In comparison, Ledger wallets are EAL5+ certified.

To use the wallet, you do not need to constantly enter a private key, just have a card with you. It will be convenient for beginners to use the wallet, since transactions with assets can be made from the application. Tangem Wallet supports DApps. Since the wallet is a plastic card, it does not require charging.

Ellipal Titan

Ellipal Titan is a cold wallet with air-gapped transaction signing technology (using a camera and qr codes) that provides complete isolation from the network. It is built without any online components and is protected from unauthorized access.

Ellipal Titan supports BTC, ETH, LTC, XRP, USDT, TRX, etc. The device works with Android and iOS and has a big touch screen. Ellipal Titan is FIDO certified.

    Newsletter | Every weekday

    Smart Central News Weekly Briefing

    Only top industry news of the week in your inbox