The Best 4 Hardware Crypto Wallets of 2024

In the realm of digital gold, hardware wallets are the unbreachable vaults.

After a long crypto winter since the spring of 2022, the crypto world has been buzzing with activity recently. In January, the U.S. saw the approval of Bitcoin ETFs; on March 14, Bitcoin’s price soared to an all-time high of US$73,835—obviously, there is an upsurge in interest in the crypto market. 

However, the crypto world is as exciting as it can be dangerous—think FTX’s downfall—given the volatility and the number of scams and hacks. Among the crypto storage options, hardware wallets are one of the safest ways to protect your crypto assets. 

What is a hardware crypto wallet?

A hardware wallets is a physical device designed to store the private keys required for authorizing transactions on blockchain networks. By keeping these keys offline, hardware wallets can keep your cryptocurrencies safe from any online attack. 

Unlike software wallets, which are connected to the internet and thus more susceptible to cyberattacks, hardware wallets offer enhanced security through physical isolation. This makes them less convenient but significantly more secure than their software counterparts or the wallets hosted by crypto exchanges. The latter can pose a risk of total asset loss in the event of a security breach at the exchange.

Many hardware crypto wallets can work with multiple blockchains simultaneously and support thousands of cryptocurrencies. Popular currencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and various ERC-20 tokens are usually supported. This capability allows users to manage a diverse portfolio of crypto assets efficiently and execute transactions securely on their chosen blockchains. Furthermore, these devices can often be integrated with web3 software wallets, like MetaMask, to interact with decentralized finance (DeFi) platforms and services. 

Top four best hardware crypto wallets

Trezor Model T

Image from Trezor.io

Launched in 2018, the Trezor’s Model T hardware wallet is the second-generation product by Prague-based SatoshiLabs. With its 1.54-inch LCD touchscreen, users can easily manage and verify digital assets transactions. 

The built-in Trezor Suite, the open-source desktop or web wallet interface for Trezor hardware wallets, enables users to send, receive and trade their cryptos and track their portfolios. Besides on desktop or browser, users can also monitor their crypto holdings on Android and iOS devices via the mobile app “Trezor Suite Lite”. The hardware wallet features USB connectivity and a MicroSD card slot but doesn’t come with a battery.

Security: CE and RoHS certified, PIN protection, Shamir Backup, 12-word recovery seed

Number of supported tokens: more than 9,000 (Trezor Suite only supports 16 cryptocurrencies natively alongside all ERC20 tokens and all SPL tokens for the Trezoe Model T)

Price: US$179

Ledger Nano X 

Image from shop.ledger.com

The Ledger Nano X is a security-focused cryptocurrency storage solution launched by Paris-based Ledger in 2019, building on the success of its predecessor, the Ledger Nano S. While it does come with a 128 × 64 pixels display, it doesn’t feature a touchscreen. Thus, users have to use the two physical buttons located on the two sides of the screen to operate and navigate its menus and functions. 

One of its standout features is Bluetooth connectivity, allowing for wireless connection to smartphones in addition to USB connections. It also comes with a built-in battery, which can last for several hours of continuous use or months on standby, and has a 2 MB storage capable of holding up to 100 apps.

Accompanying the Ledger Nano X is the Ledger Live software, which acts as an all-in-one interface for managing cryptocurrency assets. It allows users to check their balance, send and receive cryptocurrencies and even install or uninstall applications on the device without compromising security. Ledger Live is available for desktop (Windows, macOS, Linux) and mobile (iOS and Android) platforms.

Security: CC EAL5+ certified, ST33 Secure Element, PIN protection, 24-word recovery phrase

Number of tokens supported: 5,500

Price: US$172

Safepal S1

Image from safepal.com

A relatively affordable hardware wallet, the Safepal S1 was first released in 2019 by Seychelles-based SafePal. It is also the first hardware wallet invested by Binance Labs. It features a 1.3-inch high-resolution in-plane switching (IPS) display and a battery life supporting around 20 days of use with daily 10-minute sessions.

The Safepal S1 operates in an air-gapped mode and doesn’t have a Bluetooth or USB connection, meaning it never needs to connect directly to the internet or any devices. It is designed to work with the SafePal App, a mobile application that serves as the user interface for managing the wallet, initiating transactions and adding or removing assets. The app is central to the wallet’s operation, facilitating transactions securely through QR codes without exposing the device to potential online threats.

Security: CC EAL 5+ secure element, anti-tampering self-destruct mechanism

Number of tokens supported: more than 10,000

Price: US$49.99

BC Vault

Image from bc-vault.com

Slovenia’s REAL Security Inc. introduced the BC Vault in 2018, a seedless cold wallet with a 2.42-inch OLED screen, managed via a USB-powered connection. It supports over 2,000 unique wallet addresses across various blockchains.

The device is managed through the BC Vault desktop application, which is available for Windows, macOS and Linux. The application facilitates the management of cryptocurrencies, including sending and receiving transactions, managing wallets and configuring device settings. 

One of BC Vault’s standout features is its use of a gyro sensor for entropy generation, ensuring that the private keys generated are truly random. Each wallet on the device has its own private key, stored in ferroelectric RAM, which is not only secure but also ensures data retention for over 200 years without electricity, making it the best choice for multi-generational use. 

Here’s an interesting detail: Every BC Vault is pre-loaded with 1.0 BTC, which the user can claim if they manage to break its encryption—talk about confidence! 

Security: CE and RoHS certified, MicroSD card and a printed QR code for backups, anti-tampering technology, memory-wiping procedure

Number of tokens supported: more than eight million

Price: US$192

Conclusion

For every crypto holder, trader and enthusiast, keeping digital assets safe and secure is a top priority. As your crypto assets grow, be more cautious about the potential risks of hacking. Sometimes, storing your digital assets in a reputable crypto exchange is not enough, and recent incidents with the KuCoin hack and FTX collapse are real-life examples. 

So, while choosing your next hardware crypto wallet, carefully consider the technical specifications, pricing, supported digital assets, security and authentication for assured reliability in a hi-tech digital asset environment. 

Also read: 

Header image from Pixabay

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

What Are Altcoins and Is It Safe to Invest in These Cryptocurrencies?

In the crypto world, while Bitcoin continues to dominate headlines, there’s a growing interest in alternative cryptocurrencies, known as “altcoins”. Recent developments, such as Ethereum’s significant Shanghai upgrade and the U.S. Securities and Exchange Commission’s approval of Bitcoin ETFs, have spotlighted these innovative Bitcoin alternatives. Altcoins like Ethereum, Binance Coin and newcomers are carving out their own niches and pushing the boundaries of what cryptocurrencies can do.