The Best Hardware Wallets of 2024
The first question after entering the world of cryptocurrency is how to protect your digital assets. Newcomers usually use exchange wallets or software wallets to store their cryptocurrencies, but this is not a secure solution. The best solution for storing cryptocurrencies is to use a hardware wallet. Hardware wallets help you keep your private keys and recovery phrases offline at all times, eliminating the risk of hacking.
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Public Address: Consider it as your wallet’s public username.
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Private Keys: They are like a password to access your wallet.
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Recovery Phrase: A 12, 18, or 24-word phrase to recover your wallet if it is lost, damaged, or you lose the keys.
This article reviews the best hardware wallets you can buy in 2024 to keep your assets 100% secure. If you don’t have time to read the whole article, if security is your top priority, then the Ledger brand is definitely what you need. Depending on your budget, we recommend buying Ledger Stax, Ledger Nano X, Ledger Nano S Plus, or Ledger Nano S hardware wallets.
Using a hardware wallet software interface like Ledger Live, you can buy, sell, swap, and stake your assets. Unlike many users who only use their hardware wallet to store cryptocurrencies for long periods, you can use your wallet to access decentralized exchanges, DeFi protocols, DEXs, and NFTs.
In this article, we will take a look at the best hardware wallets available today and explore their features. Some of the best hardware wallets include Ledger Stax, Ledger Nano X, Ledger Nano S, Ledger Nano S Plus, SafePal, Trezor Model T, BitBox, Ellipal Titan, D’CENT, CoolWallet Pro, and KeepKey. We will review and list them in this article based on their features.
What is a Hardware Wallet?
A hardware wallet is a physical device designed to securely store cryptocurrency assets. When you set up a hardware wallet, you are given two types of keys: a private key and a public key. Your public key, which is derived from your private key, is used for sending and receiving cryptocurrency. Your private key is like a digital signature that proves ownership of your funds, and if someone else gains access to it, your assets could be lost.
The wallets used to store cryptocurrencies have two types, cold and hot. But what is meant by hot and cold? Software wallets are called warm wallets because they give you both your private and public keys on the internet, which have very weak security. But hardware wallets are called cold wallets because they have no connection with the Internet.
What are the best hardware wallets in 2023?
Ledger Stax Hardware Wallet
The Ledger Stax is the latest hardware wallet from Ledger. It offers the same high level of security as other Ledger wallets like the Nano X and Nano S Plus, but with a new level of ease of use.
The Ledger Stax features a touchscreen display that allows you to sign transactions in a more intuitive and simplified way than any previous Ledger wallet. It also features Bluetooth connectivity, so you can use it wirelessly with your Android or iOS smartphone.
You can charge your Ledger Stax using Qi wireless charging, the same type of wireless charging supported by Samsung and Apple mobile devices. It can stay in standby mode for months on a single charge, especially if you use it infrequently.
When you’re not using the device, you can customize the lock screen with one of your NFTs. This is a really cool feature that adds a personal touch to your Ledger Stax.
Keep in mind that all of these features and capabilities come with a relatively high price tag – the initial launch price was $279.
Ledger Stax Pros and Cons
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- Large e-ink display
- Clear transaction signing for smart contracts
- Qi wireless charging
- Bluetooth connectivity
- Durable casing (aluminum and plastic)
- Sleek design (designed by the creator of the iPod)
Cons
- The most expensive Ledger hardware wallet
What’s in the box? Inside the box, you will find the following items:
USB-C cable
Recovery sheet
Ledger Stax user guide
Ledger Nano X Hardware Wallet
Country of origin: Paris, France
Founded: 2014
The Ledger Nano X, which was also on the list of the best hardware wallets in 2021, is also on the list of the best hardware wallets in 2022. This hardware wallet is the second generation of hardware wallets produced by Ledger (the first generation was the Ledger Nano S). It has a large screen that can accommodate approximately 100 applications. This wallet can be connected via Bluetooth, and you can also connect it to your device using a cable. You can control the Ledger Nano X device with Android and iOS operating systems, as well as Windows, Linux, and macOS. This hardware wallet supports over 1500 coins and tokens. You can perform any operation using the two buttons on it, including confirming transactions and installations. You can also perform operations by holding down both buttons at the same time.
The Ledger Nano X is one of the most popular hardware wallets on the market, and perhaps one of the easiest to use with a PIN code and recovery phrase. The Ledger wallet has a certified chip to resist sophisticated attacks along with its own operating system. With the Ledger Live app, you can directly buy, send, receive, and store cryptocurrencies. The Ledger hardware wallet can be used with multi-signature settings through third-party open-source tools such as Electrum, Caravan, Lily Wallet, or Casa Wallet.
You can start your cryptocurrency journey by using the Ledger Live exchange integration to buy a cryptocurrency and then manage, receive, send, store, and most importantly, secure your assets.
لجر نانو ایکس - Ledger Nano X 2024
Safepal S1 Hardware Wallet
Safepal hardware wallet, which has been in production since 2018 in collaboration with Binance, quickly became popular among cryptocurrency enthusiasts and attracted many people to this hardware wallet.
Safepal S1 is the best wallet for DeFi platform enthusiasts. It uses a special signature security mechanism that keeps the device 100% offline. The only way to sign and confirm a transaction is to scan a short-range QR code, which can prevent any online attacks and remote searches. Safepal S1 also comes with multiple security sensors. When any malicious attempt is detected by the sensors, the sensor triggers a self-destruct mechanism, causing the secure element to erase all wallet data and leave no trace for hackers.
It is worth noting that Safepal allows you to buy and exchange in the Safepal app, connects to CEX like Binance, and provides powerful DAPP support for DeFi with Uniswap and its integration.This hardware wallet supports about 12,000 cryptocurrencies and tokens, allowing you to manage a large number of cryptocurrencies simultaneously in your wallet.
Ledger Nano S Hardware Wallet
The Ledger Nano S is the first generation of hardware wallets developed by Ledger, with the first versions being produced in 2016. This wallet can hold 37 coins and over 1500 tokens. It is managed through the Ledger Live application on desktop and Android operating systems and communicates via a USB cable. This wallet is certified secure and has a tamper-proof CC EAL5+ chip. To interact with this wallet and store cryptocurrencies on it, you need to use the Ledger Live software.
The Ledger Nano S has a memory of about 180 kilobytes, which can manage about two to three cryptocurrency applications. If you want to store more currencies on the Ledger Nano S, you will need to delete one of your previous currencies and install your new currency. Whenever you want to manage currencies whose applications you have deleted, installing the application will show your assets. In fact, deleting and installing cryptocurrency applications does not affect your assets and may only complicate your work. Finally, it is worth noting that this wallet was also on the list of the best hardware wallets in 2021.
لجر نانو اس – Ledger Nano S
Ledger Nano S Plus Hardware Wallet
The Ledger Nano S Plus hardware wallet is an upgraded version of the Ledger Nano S. This hardware wallet has a larger screen and memory compared to the Ledger Nano S, which fixes the problem of low memory and small screen in the previous model. However, other features in this wallet are the same as the Ledger Nano S. It has a memory of 1.6 megabytes. It connects to the system via a USB cable. This wallet does not have a battery or Bluetooth.
Features of Ledger Nano S Plus wallet:
- Ability to hold about 100 cryptocurrencies simultaneously
- 128*64 pixel resolution screen
- USB Type-C
- Android operating system support
- Desktop operating system support (Windows, Linux, and macOS)
Safepal X1 Hardware Wallet
Safepal recently introduced the X1 hardware wallet to cryptocurrency users.
One of the main drawbacks of the Safepal S1 was that it was not open source and its security could not be evaluated by experts. However, in order to maintain maximum transparency and trust, the main parts of the X1’s code have been published as open source on GitHub. In other words, the Safepal X1 is the first open-source Bluetooth hardware wallet.
With high-speed Bluetooth, 12 buttons and a D-Pad, a 1.8-inch display and the dedicated SafePal mobile app, X1 wallet users experience easier usability. Those familiar with the Safepal S1 wallet are familiar with the credit card-like design and user experience of this device. The X1 stays true to this design while giving it an industrial feel while maintaining minimalism. Despite having a larger screen, the X1 is more compact, lighter, and more portable than the S1. Users can be confident that they will be able to easily manage their digital assets
Safepal X1 Security Features
- EAL 5+ Secure Chip
- True Random Number Generator
- Multiple Layers of Security Sensors
- Anti-tamper and Self-Destruct Mechanism
Other Benefits of Safepal X1
Bluetooth 5.0 Connectivity: The X1 uses high-speed Bluetooth 5.0 for quick and easy connectivity
Multi-button keypad for easy navigation and control
Larger Screen for a better visual experience
Unlimited Token Management
Easy Cryptocurrency and NFT Management
Powerful DApp Gateway
Cross-Chain Swap and Trade
Seamless Integration with Safepal Extension for added security and convenience
Trezor Model T Hardware Wallet
Trezor Model T is one of the most popular hardware wallets on the market, offering multi-signature security. Trezor, which was also on the list of the best hardware wallets in 2021, managed to maintain its place among the best wallets in 2022. This device needs to be connected to a computer and can be used with Trezor Suite or other desktop wallets like Electrum, Exodus Wallet, Magnum Wallet, and Blockstream Green. Trezor supports over 1600 types of tokens and is the only fully open-source hardware wallet that has allowed thousands of people to build their own applications. The parent company, SatoshiLabs, which was named in honor of Satoshi Nakamoto, was founded by veteran Bitcoin miners Marek “Slush” Palatinus and Pavol “Stick” Rusnak.
Ellipal Titan Hardware Wallet
The Ellipal Titan is a secure hardware wallet that allows you to store your assets safely. It does not use physical buttons or a touchscreen for its user interface and transactions, and it does not connect to anything via Bluetooth or USB. Instead, this hardware wallet uses a built-in camera to scan QR codes to perform transactions.
The display of this wallet uses four different colored bells to indicate different operations. It supports over 40 blockchains and over 10,000 tokens. This wallet also offers a built-in exchange and supports direct staking for some cryptocurrencies. Additionally, you can access the Bitcoin and Ethereum smart chains through the DApps section.
D’CENT Hardware Wallet
D’CENT hardware wallets are designed for Android and iOS operating systems and connect to your device via a secure Bluetooth connection. The device has a built-in fingerprint scanner, which is why it is also called a biometric wallet. This feature increases security and also makes transfers faster.
W20 SecuX W20 & V20 Hardware Wallet
The SecuX hardware wallet uses a web and mobile application and is powered by a 600 mA lithium battery for 7 hours of use. No computer connection is required. The 20V wallet has a round aluminum shell to protect the hardware from shipping. This wallet is not open source. But it currently supports many types of currencies including Bitcoin, Ethereum, ERC-20, Ripple, LTC, BCH, Dash, BNB, Dodge, and XLM. The large 2.8-inch touch screen makes the device easy to use and can hold up to 500 accounts.
CoolWallet Pro Hardware Wallet
CoolWallet Pro is a hardware wallet that supports both iOS and Android operating systems. It works with the CoolBitX Crypto Wallet app using a Bluetooth connection. The CoolWallet Pro is the second generation of the CoolWallet S, and it features the ability to directly stake Tron (TRX), Polkadot (DOT), and Cosmos (ATOM). You can also stake, swap, and connect to DApps/DeFi protocols, buy crypto, participate in airdrops, and more.
Cobo Vault Hardware Wallet
Cobo Vault Hardware Wallet is one of the most secure, multi-signature, open-source, and non-custodial Bitcoin wallets available. Cobo Vault works with both its own companion app and third-party apps, and it supports unlimited and simultaneous coin storage for BTC, ETH, BCH, DASH, LTC, ETC, TRX, EOS, USDT, XZC, IOST, DCR, and DOT/KSM, as well as ETH, EOS, and TRX NFTs. Cobo Vault is secured with a QR code for maximum security. It’s worth noting that this wallet features a fingerprint sensor and is water-resistant and dust-proof.
BitBox Hardware Wallet – BitBox02
One of the easiest hardware wallets for beginners is the BitBox02, which boasts a quick setup, microSD support, an app guide, and intuitive touch sliders. Just connect this open-source, multi-signature wallet to your computer. BitBox02 is available for desktop (Windows, Mac, Linux) and Android, with more support for many other wallets (Electrum, Miter, HWI, Spectre).
BitBox02 comes in a Bitcoin version and a more advanced version with more than 1500 ERC currencies.