Last updated on July 1st, 2021 at 03:10 pm
Hardware Wallets are like cases that secures the private keys of any individual. It effectively stores the cryptocurrency in a physical form. These finely crafted equipment are abreast with the latest technical innovation and are virtually resistant to any virus. There are a range of devices and are bought according to the user’s discretion.
** We highly recommend you to purchase the hardware wallet from a trusted company if you are serious about bitcoin and cryptocurrency as not all hardware options are safe hence we pick the top 5 leading wallets.
5 Best Hardware Wallets of 2021
SecuX wallets are responsible for safeguarding your crypto assets and transactions with the highest security standards. The SecuX wallets are available in three different models; The V20, W20, and W10. Compatible with ioS, Android, Windows, Linux & Mac operating systems.
The Wallets are equipped with Infineon chip CC EAL 5+ secure element which ensures high-grade security. Our internal supply chain and manufacturing ensure that there is no third-party intervention. Any such attempt will leave evident marks on the device. The wallet can be expanded to up to 500 accounts in all three models.
- High-quality storage
- Best for Bitcoin ethereum and other altcoins
- Turns off after prolonged inactivity
- 2.8-inch touch screen
- Bluetooth capability
- A hidden wallet is available with passphrase support
- User identification design is very ordinary
- The price is higher
- A bit bigger, not comfortable carrying around in a pocket.
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Ledger Wallets are hardware cryptocurrency wallets. These are developed by Paris-based company Ledger. The wallets aim to create secure solutions for blockchain applications. There are two types of Ledger wallets; Ledger Nano S and the Ledger Nano X.
Built and brushed with stainless steel and plastic. This wallet contains a lithium-ion battery. It weighs only 34 grams and is compatible with Windows 8+, macOS 10.10+, iOS 9+, Linux, and Android 7+.
- Transparent, secure, inviolable and inflexible
- There is no need for a third-party intrusion
- Difficult to attack as it is decentralized
- It can help save a lot of time and money
- As the data is inflexible it cannot be retrieved.
- The blockchain technology used in the ledger is not completely secure
- The hard drives outgrow the required storage. It becomes difficult to store a large amount of data.
Trezor is a hardware wallet that handles cryptocurrencies and bitcoin from Satoshi Labs which has been developing cryptocurrency since 2011 and most popular name in the crypto world. It secures the private keys of the user. This hardware wallet makes secure payments without revealing the private keys.
Weighing just 12 grams this hardware wallet connects through a USB connector to the mobile or computer. It has a bright OLED screen that can hold up to 6 lines of text. It is a CE and RoHS certified wallet. It can be carried even on an airplane. Its 12MHz embedded ARM processor is a key highlight.
- It provides high-end security.
- This hardware wallet supports a huge number of cryptocurrencies.
- The regular firmware updates eliminate the need for expensive repairs.
- The Trezor hardware wallet is considered to be very expensive and pricey by some people.
- The hardware wallet has experienced unauthorized access in the past.
SafePal has a universal scan button for scanning cryptocurrency payment QR codes. The trade option can be used for creating, canceling, or viewing the orders and much more. There are several settings as well as the very advanced Custom collation feature.
- It supports multiple currencies.
- All the transactions are verified using the QR code, which is an authentic method to secure funds.
- The wallet does not have internet or Bluetooth connectivity features which makes it more secure.
- The wallet is technologically very advanced with a very trendy and comfortable display screen
- Currently, the vault does not support certain cryptocurrencies like Litecoin, Monero, TRON, EOS, etc.
Released in 2015 KeepKey wallet is one of the most superior wallets in the new ShapeShift platform. This wallet has an advanced web-based interface for managing the user’s cryptocurrencies. Compatible with Windows, Linux & Mac operating systems.
The highlighting feature is the Stress-Free security feature which helps the user manage the private keys offline. It is guarded against the computer’s assailability. It has an uncomplicated recovery trick and has a very slick display. It allows the user to make a simple exchange.
- The KeepKey wallet allows the user to store altcoins (LiteCoin, Ethereum, Namecoin, Dash, and Dogecoin) as well as the bitcoins.
- The wallet is compatible with Windows, Linux, and Mac.
- It has the most attractive design as compared to other wallets in the market.
- The wallet seems a little too pricey to some users. There are other alternatives of a lesser price available in the market.
- Some users have reported that they faced a lot of restrictions while using the KeepKey wallet.
- Not support enough coins
The wallets are of great use to a user indulged in the trade of cryptocurrency. Each wallet has its distinctive feature. For example, the SecuX wallet is the best option for those users who wish to store crucial reserve currency or ERC 20 tokens. But, if a user needs a wallet to support more currencies within the portfolio then they must choose the Ledger and Trezor hardware wallets. However, SafePal the user can be assured that there will be no security issues or transmission issues with the assets as there are no signals. The KeepKey wallet is for those who like to trade as it allows the user to manage his/her portfolio without giving away private keys.
While there are many benefits of security attached to all five hardware wallets, the ultimate decision lies in the hands of the user. To Keep your bitcoin safe you must use a hardware wallet.
We are really excited to know which hardware wallet you are using. Don’t forget to share with us.
Any other hardware wallets that you want us to cover? Please let us know in comments.