Provider
Type
Hardware Wallet Compatibility
Security
Our Score
Hardware
YES
Very Secure
Hardware
YES
Very Secure
Hardware
YES
Very Secure
Hardware
YES
Very Secure

Cryptocurrency wallets are a topic that one may discuss until the end of time. Whether you’re looking to debate the best crypto wallets on the market, or simply discuss their types and features, you can be sure that there are going to be quite a few different opinions lingering around. Today, however, we’re going to discuss the best hardware crypto wallets!

Hardware wallets are a niche and very specific type of crypto storage that you can utilize to keep your coins safe in. When I say niche, though, I don’t mean “unpopular” or unused - on the contrary, hardware wallets are among the most popular cryptocurrency storage options on the market!

Instead, what I mean is that there isn’t really a broad selection of them available to choose from. That said, worry not - we shall talk about the best ones on this list! It will include the following products:

The Features of the Best Hardware Crypto Wallet

Now then, before we get into our list of the best hardware crypto wallets of the year, there are a few things we need to take a look at, first. One of the main of these things would have to be the features that you should look for in a wallet like that.

No matter what type of a wallet it is that you’re planning to use (or are already using), it’s likely going to have some select features and benefits that make it stand out from the crowd. Hardware crypto wallets are no different in this regard.

Let’s begin our discussion from the most notable feature that you should be looking into whilst picking out the best offline crypto wallet - security.

Security is ‘the Name of the Game’

Whether you’re a veteran crypto hodler or a newbie to the scene, one thing is going to be essential to all cryptocurrency enthusiasts - the security of their assets.

It is, without a single doubt, the most important thing to look into when deciding which wallet you want to use to keep your crypto assets in, which exchanges and other trading platforms are reliable and trustworthy, and even which coins are worth checking out, too.

LEDGER NANO X TREZOR MODEL T

Security Level

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2FA Two-factor Authentification

Multi-signature

Pin Code

Anonimity Level

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Very Poor
Average
Excellent
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Very Poor
Average
Excellent

Backup Type

24-word Recovery Phrase 12-word Recovery Phrase

Private Key Owner

You You

Full Wallet Control

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No
Partial
Yes
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No
Partial
Yes
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Table: The security features of the Ledger Nano X and the Trezor Model T

Whenever discussing the hardware crypto wallets with my peers, I always love to give one, specific example that’s related to security. Allow me to illustrate it here for you, too:

Imagine you’re holding some Bitcoin. At some point, you decide that it’s time to upgrade to the best hardware Bitcoin wallet you can find. Searching the internet, you come across an amazing-looking wallet - it’s got a sleek design, a vast array of different features, and an awesome and interactive user interface. Without really looking into it too much, you purchase the wallet.

Hardware crypto wallet: the Ledger Nano S connected to a computer.

Unfortunately, though, this particular hardware wallet lacks in the field of security, big time. After some time, it gets breached, and all of your BTC gets stolen.

So, what’s the point of my above-given example? Simple - no matter how amazing the features of a particular wallet may be, if it lacks security, it’s not worth your attention to begin with.

When picking out the best hardware crypto wallet for yourself, always pay attention to the security measures that it employs in order to keep your assets safe and sound. Two-factor authentication, PIN codes, firmware updates, and a plethora of other features are just a few of the main things you should be looking into!

Ongoing Developments & Updates

Once you’ve figured out the aspect of security, and narrowed down your list of the best offline crypto wallets, the next step is to look into the development and firmware update support that the product receives.

Well, frankly, I should say - whether or not it receives it, in the first place.

You see, constant updates of the hardware wallet firmware are crucial in order to allow the wallet to retain its security features. Hackers, scammers, and other malicious third parties don’t sleep around - there are new methods of breaking into crypto wallets being developed every single day!

This is why the company behind a particular hardware crypto wallet should be ahead of the curve, and issue out new security updates at regular intervals.

Hardware crypto wallet: Trezor One on a keyboard.

Having said that, though, security is just one part of the equation.

Firmware updates will make your wallet up-to-date in the security department, sure, but there are other areas that they affect, as well. For example, new coin support might be added to the user interface of the wallet (or even the wallet itself), various bugs fixed, and the UI being smoothened out, in general.

No matter how you look at it, one thing’s clear - the best cryptocurrency hardware wallet should have constant updates associated with it, period.

Usability Features (Physical Device & UI)

Usability is one of the more-underrated features of hardware cryptocurrency storage devices.

Think about it - you’re probably going to be using your wallet rather frequently, whether it be to transfer funds, buy or sell crypto coins, or simply to check on your assets, in general. Given that this is the case, you’d probably want the device to be simple and straightforward to use, at least as much as that is possible!

This does also extend to the graphical user interface of the particular device, too. It’s the software or application that you’ll be using to access and manage your funds - it’s important that it would be up-to-date and simply nice to use!

Hardware crypto wallet: the Ledger Nano S and some crypto coins.

As you’ll see from our list of the best hardware crypto wallets below, most of the high-tier hardware crypto wallets do possess great UIs that are both modern, and also simple & straightforward to use, too.

That said, not all wallets have seemingly “nailed it” when it comes to the physical aspect of their design. We’ll get into that when the time comes, though.

Additional Features

Finally, a great hardware crypto wallet should, for a fact, possess additional features to offer to its users.

There is no specific “rule” of what these features might be, mind you. It can be anything from allowing you to stake some particular assets from the comfort of your wallet, all the way to advanced settings that would allow you to have more control over your asset protection.

These additional features are important for a couple of reasons. First of all, they provide convenience - if you can manage every single aspect of your cryptos from the comfort of a single hardware crypto wallet, it makes things a lot easier!

Hardware crypto wallet: the Trezor One near a pile of Bitcoins.

Furthermore, as an extension to the point mentioned above, additional features do also guarantee that you won’t need to go out and purchase a separate, additional wallet. I mean, if you have everything in one, specific device, there’s simply no need to do that!

All in all, those are some of the main features that you should be looking into when picking out the best hardware crypto wallet for yourself. Now then, without further ado, let us move on to our list, and discuss all of the top-rated wallets in the industry!

1. Ledger Nano X - Amazing Physical Design & UI, Top-Tier Security Features

Ranks #1 out of 5 Crypto Exchanges

The Ledger Nano X is, without a single doubt, one of the best cryptocurrency hardware wallets on the market. No matter where you’d look online, you’d probably notice that this is the general sentiment all-around - crypto holders truly do love and appreciate what the Nano X has to offer.

What might that be, you ask? Well, let’s take it from the top, and work our way down the “feature and benefit” list of the Ledger Nano X.

For starters, naturally, you can expect the highest level of security from the device in question. It possesses a double-chip setup in its internal design, and locks all of your crypto assets under a custom PIN code. Each time you perform a significant action, you’ll have to enter that PIN code into your device.

The Nano X isn’t only secure on the inside, but also on the outside, too. It may perfectly well be the best hardware wallet for altcoins and Bitcoin simply due to the fact of how well-made it is! The Nano X features a somewhat-bulky, yet very sturdy, with a flippable fob-like internal part of the device with two-button functionality. You really have to hold the device in your hands in order to feel just how well-made it is!

Hardware crypto wallet: Ledger Nano X.

On top of all of that, by purchasing the Ledger Nano X, you will also receive access to the Ledger Live user interface. As the name implies, this is the Ledger version of a hardware crypto wallet UI - a desktop and mobile device application that allows you to access and manage your crypto assets at any given point in time.

Why do I mention it? Well, simply because of just how beautiful and modern the interface is! You can expect complete responsiveness and some amazing usability features - great!

Constant firmware updates, Bluetooth functionality, a universal USB-C port, 24-word recovery phrase… There are many features that make the Ledger Nano X an amazing choice, and surely one of the best hardware crypto wallets on the market today!

The Nano X will cost you around $119, if purchased from the company’s official website (the only place you should be buying it from, mind you). It’s surely one of the pricier hardware wallets out there, but the quality is definitely worth the investment!

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2. Trezor Model T - One of the Most-Secure Hardware Cryptocurrency Wallets

Ranks #2 out of 5 Crypto Exchanges

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Everyone who has spent even a day researching hardware crypto wallets will know that security is the most essential feature to look into when picking the right option for yourself - it’s something that I’ve been stressing in this article, too!

Why do I bring it up now? Well, simply because the Trezor Model T is one of the best examples of a top-tier security-possessing wallet.

Trezor is one of the two major crypto hardware wallet brands on the market, with the other one being Ledger. While both companies deal in crypto wallets, admittedly, their products do have some notable differences, whether it be physical appearance, functionality, or some specific design choices.

The Trezor Model T, however, is most notably known for how secure it is. The wallet employs constant firmware updates in order to ensure that your assets are completely safe from any potential hacking attempts. On top of that, it can also act as a universal second-factor authentication token - it would actually be one of the more-conveniant options on the market, thanks to its display screen!

Hardware crypto wallet: Trezor Model T.

Speaking of which, the Model T offers its users a touchscreen display - that’s surely a unique feature when it comes to the hardware crypto wallets! No other major best cryptocurrency hardware wallet provider offers this type of wallet design - it’s definitely one-of-a-kind!

Now, the physical design choice of the wallet is… Debatable. You see, as far as visual aesthetics are concerned, it’s a preference thing - I have nothing to say about that. However, the wallet is very eye-catching - it’s bulky, and doesn’t really look like any other device that you’d use in your daily life.

While looking cool and unique sounds good, it can actually be a hindrance. Unless you want to tell everyone around you that you own crypto, you’d probably want your wallet to be as discreet as possible!

Now, assuming that you’re going to be performing your crypto transfers and all of your buying / selling activities from the comfort of a discreet and safe place (i.e. home), then that’s not something to be worried about!

Purchasing the wallet from the company’s official website, the Trezor Model T is going to cost you around $160. Admittedly, this might as well be the priciest hardware crypto wallet on the market. That said, it sure does have a splendid reputation of being a very secure and reliable crypto storage alternative!

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3. Ledger Nano S - The Ideal Hardware Wallet for Beginners

Ranks #3 out of 5 Crypto Exchanges

The Ledger Nano S is one of the two hardware crypto wallets offered and sold by the company in question. The Nano S is the older version of the now-famous Ledger Nano X. However, to this day, the Nano S is often considered to be the best hardware wallet for altcoins, and also Bitcoin, too!

While some more-cynical people would tell you that the Nano X has made the older version of the wallet obsolete, I can firmly say - that’s definitely not the case! In fact, same as any other device on this best offline crypto wallet list, the Ledger Nano S has a very specific set of benefits, and will surely suit some groups of crypto enthusiasts more than others.

It would seem that the general sentiment online (with which I completely agree with, by the way) is that the Nano S is the perfect wallet for any newcomers to the industry, especially those who are looking for the best hardware Bitcoin wallet.

Granted that there are a few reasons why that’s the case, let’s take it from the top, shall we?

Hardware crypto wallet: Ledger Nano S.

For starters, the Ledger Nano S supports a few different coins. Well, it does offer support for a wide selection of cryptos, but the space on the device is pretty limited - you’ll be able to install a few of the main cryptocurrency blockchains, but might have a hard time fitting other altcoins on the wallet.

This, for a fact, might be a non-issue if you’re a beginner crypto enthusiast, and are only looking for the best hardware Bitcoin wallet. You’ll be able to purchase, store and manage all of the main coins on the market - that might perfectly well be sufficient!

The Ledger Nano S also comes equipped with all of the essential security features that are expected from a top-tier hardware crypto wallet. It also constantly receives firmware updates - these updates ensure that the security side of the wallet is up-to-date and in-line with the current trends.

On top of all of that, the Ledger Nano S does also allow you to have full access to the Ledger Live user interface - you’ll be able to manage your crypto assets without any issues! Superb!

The best part? The Ledger Nano S will only cost you around $59 - this, in turn, makes it an absolutely amazing option for those who don’t want to spend a lot of money, but are still looking for a top-rated hardware crypto wallet option. Truly an amazing device!

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4. Trezor One - Great Price VS Quality Ratio

Ranks #4 out of 5 Crypto Exchanges

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Trezor One is the older version of the Trezor Model T. Both wallets are offered and sold by Trezor - one of the leading hardware crypto wallet manufacturers on the planet.

Trezor One is also the flagship product from the company - it is this specific wallet that put Trezor on the radar for many cryptocurrency hodlers and enthusiasts.

So, then - what makes the Trezor One so special? Well, it’s simply an all-around well-made hardware crypto wallet!

In true Trezor fashion, the device in question is surely one of the best cryptocurrency hardware wallets when it comes to security. The device will keep your assets completely secure from all types of threats - you can expect keylogger protection, random PIN generating, periodic firmware updates, and other high-end security measures that will keep your cryptos safe and sound.

Hardware crypto wallet: Trezor One.

As opposed to the newer version of the wallet, the Trezor One is actually much smaller, and also thinner. This can be seen as a huge benefit for those who are planning to carry the device around - while this is not advised, in the first place, if this is a necessity for you, it’s much better to have a smaller and less eye-catching device than a bulky and attention-drawing one!

It’s worth mentioning that the Trezor One is also much more affordable than its successor. Buying the hardware crypto wallet from Trezor’s official website, it will cost you around $59. That’s an absolutely amazing deal for one of the best hardware Bitcoin wallets on the market!

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5. KeepKey - An Affordable Hardware Wallet Alternative

Ranks #5 out of 5 Crypto Exchanges

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KeepKey is, admittedly, one of the less-known hardware crypto wallets on the market. Well, no, let me rephrase that - it’s one of the less-known high-end hardware crypto wallets on the market.

Taking a look at any of the user cold wallet lists that are out there on the internet, you’ll quickly notice that the vast majority of them are dominated by Ledger and Trezor, and not much else. While this is fair to the extent that these two companies truly do make some of the best cryptocurrency hardware wallets in the entire industry, KeepKey is another option that’s surely worth giving a shot.

The wallet is focused on providing its users with optimal security features, while also being as simple and straightforward to use as possible. In-line with the industry standards, KeepKey features a random PIN generator - this is something that helps you protect yourself and your crypto assets against keyloggers and similar hacking attempts.

Hardware crypto wallet: KeepKey.

The wallet itself is simple to use, and shouldn’t cause you any issues, no matter if you’re just starting out with crypto, or are already a professional trader / hodler. That said, there’s one part of KeepKey that is a tad bit… Peculiar.

That would be the exterior design of the wallet. It’s bulky - much more so than other devices mentioned on this hardware crypto wallet list.

Admittedly, KeepKey doesn’t possess such a telltale design as, say, the Trezor Model T - that’s a good thing. However, the wallet rocks a rectangle shape, thus further increasing the visual bulkiness element. It’s definitely a hit or miss!

Pricing-wise, however, KeepKey is actually one of the most affordable hardware crypto wallets! The device will cost you around $49, depending on when it is that you purchase it. It’s definitely a great price VS quality ratio!

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An Interesting Cold Wallet Alternative

Now, let me be as forthright about this as possible - the chapter ahead is mostly here for educational purposes, and I would NOT advise you to use the type of crypto wallet described below. Seeing as this is a list of the best offline crypto wallets, though, it would be disingenuous not to mention paper wallets.

Yup, you’ve read that right - PAPER wallets.

While being a super-niche way of storing crypto, paper wallets are considered by some to be the safest possible option for storing assets, long-term. The general way that it works is actually pretty simple - all you need is a wallet address and a private key. You’d generate them, and would then write them down on a piece of paper.

That’s it.

Hardware crypto wallet: a paper Bitcoin wallet.

Now, obviously, this does pose a lot of issues, and there are complex intricacies involved in the entire ordeal. It’s worth noting that you would probably have to be pretty well-versed in the world of crypto to attempt to create a wallet like this.

Even then, however, it’s simply not worth it, and hardware crypto wallets are still a much better alternative.

Think about it this way - a piece of paper is a very fragile material! It’s prone to wear, fire & water damage, or simply being lost among other pieces of paper that you might have.

Not the case with a top-of-the-line, best hardware wallet for altcoins and Bitcoin, though.

With a hardware device, you won’t need any technical know-how in order to set it up, and you’ll be able to purchase, sell, and maintain your cryptocurrency assets in a simple and fast manner. None of that is going to be available with a paper wallet, though - the processes are much more complex than they need to be.

So, in short, paper wallets do exist, but they’re mostly aimed at a very niche group of crypto enthusiasts. The vast majority of people are always going to prefer the best hardware cryptocurrency wallets - and with good reason, too.

Hot Wallets - an Alternative, or an Addition?

To finish off our list of the best hardware crypto wallets on the current market, I’d like to tell you about an additional wallet that you could use in conjunction with the hardware wallet of your choice.

Yup, you’ve read that right - an ADDITIONAL wallet. Not an alternative.

You see, hardware crypto storage falls under the umbrella term of cold wallets. These are all the wallets that are not connected to the internet, at least the vast majority of the time - an example would be the aforementioned paper wallets.

COINBASE BINANCE

Pros

  • Easy to use
  • Free to register and keep crypto coins in
  • Decent fees
  • Supports most of the main cryptocurrencies
  • Top-notch security
  • Good security measurements
  • Multi-crypto wallet
  • Suitable for beginners
  • Good reputation

Cons

  • Small number of supported cryptocurrencies
  • A "hosted" wallet - constant connection to the internet is maintained
  • No 2-factor authentication

Value For Money

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Table: The pros and cons of the Coinbase and Binance wallets

On the other side of the spectrum, though, you have your hot wallets. These are online-based crypto storing alternatives - web extension wallets, desktop or mobile apps, or even exchange-based wallets, too.

Now, the general sentiment among many crypto fans online is that you should pick and choose the best wallet for yourself, and use it - meaning, ONLY it. Since hardware crypto wallets are always going to be a better alternative security-wise, it would seem like a no-brainer, right?

Hardware crypto wallet: Coinbase.

Well, I’d say - things are a bit more complicated than that!

If you’re looking to hodl and nothing else, sure - a cold wallet (rather - the best hardware Bitcoin wallet) is the way to go. However, if you’re someone who participates in any amount of cryptocurrency trading, then utilizing the services of both hot and cold wallets might be a smarter alternative!

Ideally, you would want to keep the majority of your crypto assets in a hardware crypto wallet, and the rest - on an exchange or other type of a hot wallet. Coinbase, Binance, and Kraken are some of the most-popular alternatives, as far as exchanges go.

Choosing an exchange-wallet, you’ll be able to react to market fluctuations quickly, thus increasing your chances of making a profitable trade. That being the case, however, make sure to only choose high-end, reliable cryptocurrency exchanges, if you do decide to follow the exchange-wallet route.

Finally, once again, do note that a hot wallet should never replace a hardware crypto wallet. The security that you’ll receive from a hardware device is unparalleled - pick out the best cold storage device for yourself, and rest assured that your assets are safe and sound, 24/7!

Conclusions

Now that we’ve reached the end of our list of the best hardware crypto wallets on the current market, I’d like to thank you for reading and sticking it to the very end - I appreciate it!

I also hope that this list was useful to you, and that you have not only managed to find the best cryptocurrency hardware wallet for yourself, but also became more knowledgeable about the topic of crypto wallets, in general!

Do keep in mind that, no matter which of the hardware wallets you might pick from the list above, and while they are all going to have their pros and cons, there is one thing that unites them all - quality.

Whether it be Ledger, Trezor, or KeepKey, all of the hardware crypto wallets discussed in this article offers their users top-tier security and general functionality features. Everything else is just an added benefit!

LEDGER NANO X TREZOR MODEL T

Overall Score

9.8
9.6

Wallet Type

Hardware Hardware

Best For

Best for Safely Storing, Sending, and Receiving Different Cryptocurrencies Best for Easily Control Funds, Manage Balance and Initiate Transfers

Latest Coupons

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Verdict

One of the best hardware cryptocurrency wallets ever made. One of the most-secure cryptocurrency hardware wallets on the market.
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Table: The main features of the Ledger Nano X and the Trezor Model T

In addition to all of that, do note that you can also utilize the services of a hot wallet of your choice, too, in conjunction with the best offline crypto wallet! This is something that’s especially cool for people who like to trade rather frequently, since it allows you to save a lot of time, while also being a much more conveniant method of storing cryptos.

Finally, if you’re interested in trading your cryptocurrencies, make sure to only use the best exchanges on the market! Whether it be Binance, Coinbase, or any other one of them, make sure to do your own, additional research beforehand!

With that, I wish you the best of luck in all of your crypto ventures to come! Until next time!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

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9.8
9.6
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FAQ

What is the best hardware crypto wallet?

While the answer to this question does depend on a few different criteria, generally, you should be looking at products offered by either Ledger or Trezor. These two companies are considered to be the leaders in the space, and offer their customers some of the best hardware crypto wallets on the market. There are multiple choices available with both of them, too, so everyone should find the best option for themselves! 

What are the features of the best cryptocurrency hardware wallets?

All of the best hardware crypto wallets are going to have a few specific features in common. For starters, all of them should possess only the top-tier levels of security - anything below that is considered unacceptable. On top of that, the wallets should have great user interfaces (namely, desktop- or app-based representations - Ledger is a great example here), and also a variety of other, additional features, too.

What types of cryptocurrency wallets are there?

In total, there are four big types of cryptocurrency wallets - online, hardware, software (app), and paper ones. Each of these types of wallets have their own features, benefits, and shortcomings, and are thus going to be suitable for different types of people, too. Security-wise, paper wallets are seen as the best alternative, while convenience-wise, software and online ones should be your go-to options.

What are “hot” and “cold” wallets?

Hot wallets are those crypto storage pieces of software that maintain a constant connection to the internet. As opposed to that, cold wallets are hardware devices that store your cryptos offline. Safety-wise, cold wallets are considered the best option - since they are always offline, you don’t need to worry about some sort of a hacker stealing all of your cryptocurrency assets.

Are hardware wallets worth investing in?

It depends, but in most cases - yes. If you’re just starting out with cryptocurrency trading and investing, a hardware wallet might be a bit of an overkill - it is generally considered that hardware wallets should be purchased once you have a significant amount of crypto, and want to keep it safe. If you’re an active trader, that can also dissuade the matter even further - trading-wise, software and online wallets are much more convenient.

Can you keep your cryptocurrencies in two or more wallets at a time?

Definitely! It’s also part of crypto storage best practices, too! Most cryptocurrency enthusiasts prefer to have a software and a hardware wallet - the former for easy access and trading, and the latter for safe storage. However, you can also utilize multiple wallets simply in order to make sure that your assets are safe and sound. This way, if one of your crypto wallets becomes compromised, you won’t lose all of your assets.