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9 BEST CRYPTO HARDWARE WALLETS IN 2021

Konstantin Averin

06 May 2021
7 min read

The purpose of this article is to review the top crypto hardware wallets. We’ll
start with the top 3 solutions in short and go through the 9 best crypto
hardware wallets in more detail. 

In this article, we will introduce the best crypto hardware wallets.

The problem with crypto is that people lack professional information about
trusted hardware wallets. Besides, it may be hard to choose between the options
on the market. Our review will provide you with a comparative analysis of the
best hardware wallets revealing such aspects as key features, pros, and cons.
You’ll get more information on the features each service provides and will be
able to make your own choice.


TOP 3 BEST CRYPTO HARDWARE WALLETS ⚡

Here are the top best solutions you cannot miss out:

Ledger
5.0 / 5
Ledger is one of the most respected and noteworthy companies in the hardware
wallet industry. It…
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Trezor
4.9 / 5
Trezor is considered the first Bitcoin-safe wallet. It is a device that looks
like a small…
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NGRAVE
4.8 / 5
NGRAVE is a digital asset security company. The main goal of the company is to
provide…
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The market of crypto wallets is very large. And it’s quite difficult for a
beginner to figure it out. As you will learn further from the article, there are
many types of cryptocurrency wallets. In this article, we’ll take a look at the
best hardware cryptocurrency wallet solutions.

In our analysis, we considered only well-known and trusted companies. The choice
was made based on parameters such as safety, user reviews, rating, and
functionality.

In this article, we have analyzed 9 companies that are the best in the market
according to our methodology. In our analysis, we prioritized the security
factor most of all and how companies approach the protection of user assets. A
very important factor is compliance with security protocols and certification.

Certainly, some companies with well-known names stand out from the crowd, but in
this article, we draw attention to the most reliable and proven software
wallets.


9 BEST CRYPTO HARDWARE WALLETS IN 2021 BELOW

Rank Platforms
Best for Special offer
5.0

Notes:
 * Secure
 * Easy To Set Up
 * Long-Lasting Battery
 * Trusted

Ledger is best for users of all levels of experience and those who are using
ERC-20 tokens.

Provides high-security assurance by applying encryption algorithms and providing
cold storage capability.

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1
Key features
 * A portable device, easy to carry;
 * Supports a wide range of crypto assets;
 * Provides protection against emerging security threats and provides control
   over all private keys.

Pros
 * Easy to understand and set up
 * Fast delivery
 * High-security level

Cons
 * Maybe a bit pricey;

More

Overall, Ledger is a company that was founded in 2014 and has rapidly grown into
a popular cryptocurrency security solution in the market. The company now has
over 1,500,000 wallets sold in 165 countries around the world. Ledger has its
own developed OS called BOLOS, which integrates into the company’s products in
the form of a chip.

4.9

Notes:
 * Intuitive
 * Secure
 * Great Customer Support
 * Wiki Guides

Trezor is a good choice for experienced users. Even though some functions may be
difficult to configure, it provides wiki manuals to manage advanced settings.

Supports most ERC-20 tokens and is compatible with many software wallet
applications.

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1
Key features
 * Ready to use within 10 minutes of set up
 * Provides advanced features for expert users
 * Everything in one device controlled by the user

Pros
 * Straightforward assets storing system
 * Highly rated by security researchers
 * Intuitive and user-friendly interface

Cons
 * Expensive for beginners, but worth it anyway

More

Trezor is the company that provides the eponymous hardware bitcoin wallet. The
wallet can also be used to store altcoins. It is one of the most trusted cold
storage for crypto. Trezor provides a high level of security since it is well
maintained by the developers making it much safer to use. Now Trezor is
available in 140 countries around the globe.

4.8

Notes:
 * Legit
 * Innovative
 * Touchscreen

Ngrave is a suitable device for those who are passionate about innovations and
new technologies.

The first hardware cryptocurrency wallet to receive the highest security rating
of EAL7.

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1
Key features
 * Large and high-quality touchscreen
 * Handy and easily fits in the pocket
 * Designed in partnership with leaders in hardware security

Pros
 * End-to-end solution
 * Highly rated by customers
 * Easy to use

Cons
 * Has fewer reviews since it was only founded in 2018

More

Ngrave is an innovative hardware wallet. The company was founded in 2018, but
already gained satisfactory reviews from all over the world. Unlike most
hardware wallets, it has a touchscreen making it a user-friendly and portable
device. The wallet is claimed to be highly secure and rated by experts.

4.7

Notes:
 * Swiss-Made
 * Minimalistic Design
 * Lightweight

This device is one of the best for storing your cryptocurrency. Most of all, it
will appeal to users who are not afraid of difficulties with settings.

The body is made of epoxide, the same material used to create bulletproof glass.

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Key features
 * Manage multiply wallets within one device
 * Easy backup and recovery using SD card
 * Operates on the most current OS

Pros
 * Easy to use and functional
 * All-in-one solution to manage coins
 * Swiss engineered

Cons
 * Lacks documentation and support
 * Supports limited tokens and coins

More

BitBox is a crypto hardware wallet developed by Shift Devices AG based in
Zurich. The company’s products are sold to over 100 countries around the world.
BitBox is a device that provides offline storage for digital currencies. To
create backups, a micro SD card is also included in the package.

4.6

Notes:
 * User-Friendly
 * Quick Exchange

KeepKey is a modern option for anyone looking for a good alternative to an
online Bitcoin wallet. It will appeal to everyone who prefers a stylish,
up-to-date and safe solution.

Has one of the largest screens protected by polycarbonate housing.

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Key features
 * Generates 12-word sentence to use in recovery
 * Quickly exchanges cryptocurrencies, using integration with ShapeShift
 * Supports the world-leading cryptocurrencies

Pros
 * Supports a large number of altcoins
 * Provides Google Chrome plugin to manage keys
 * Has one of the most attractive designs

Cons
 * High price

More

KeepKey is a unique hardware wallet that supports similar features as its
competitors. However, its core advantage lies in the usability and the
simplicity of the interface.

4.5

Notes:
 * Highly Secure
 * Large Screen
 * Waterproof

Cobo Vault is a good choice for users focused on security. The device is
designed to be one of the most protected on the market. It is expensive but
suitable for those who can afford such a high price.

The world’s first leading wallet company to offer staking rewards and master
nodes for cryptocurrency holders, allowing users to easily grow their digital
assets.

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Key features
 * Doesn’t connect to any other device reducing attack probability
 * Using a keyboard is easy due to a large screen
 * Wipes in case of physical intervention

Pros
 * Innovative protection
 * Fingerprint authentication
 * 4-inch Touchscreen

Cons
 * Too expensive

More

Cobo Vault is one of the most reliable devices available on the market today.
The device is air-gapped, which means it does not come into contact with any
other gadgets. That is, Bluetooth, 4G, and NFC are not supported, resulting in
better security for the device. The battery is charged via a separate docking
station. All this indicates a high degree of protection.

4.4

Notes:
 * Belgium-Made
 * Highly Secure
 * Multi-Currency

In general, the device is suitable for users of any level. Both for beginners
and advanced users, it will be handy to use the instructions and guides for
setting up and installing available on the official website.

So far, the most affordable hardware cryptocurrency wallet in the world.

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Key features
 * Uses PIN code to access private keys every time you use a wallet
 * Supports the import of regular (non-BIP keys) and has full BIP32 and BIP39
   support
 * Supports multiple cryptocurrencies

Pros
 * Supports a large number of tokens
 * Available on Amazon
 * Waterproof

Cons
 * Lacks forum discussion

More

SatoChip stands for Secure Anonymous Trustless and Open Chip. This device is
used as a secure hardware wallet and fully supports BIP32 (key generation
standard). Private keys are never exported outside the secure chip. To improve
performance, the result of the key retrieval is cached in protected memory for
future requests. That is why the specific path for obtaining the key is
calculated only once.

4.3

Notes:
 * Affordable Price
 * Easy To Use
 * Secure
 * Portable

This is a great product for users taking their first steps to migrate from a hot
or custodial wallet. If you plan to send frequent transactions, SafePal is just
right for you!

Portability is one of the strengths of SafePal, it can be taken on the road like
a credit card. With 10 minutes of daily use, the battery lasts up to 20 days.

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Key features
 * The device erases all data from itself if physical tampering occurs
 * Does not involve the use of a cable to manage cryptocurrency assets

Pros
 * Affordable price
 * Wireless
 * Allows storing more than 1000 assets

Cons
 * Fragility

More

SafePal is a portable cold storage option for crypto assets at an affordable
price. The design of the device resembles an MP3 player. There is a joystick
under the color screen which is used to navigate through the menus. There is
also a camera for scanning QR codes when signing transactions. To interact with
the wallet, the user links the wallet with a smartphone application and the
devices can exchange the necessary information using QR codes.

4.1

Notes:
 * User-Friendly
 * Large Touchscreen
 * Virus-Free Usage

It is the best solution for Android users since the Opolo app is available on
Android. A great choice for people who want to buy a wallet for protecting their
high-value assets against significant risks.

One of the first wallets to be audited by Digital Security Paris, France for IOT
Secure certification.

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Key features
 * Designed to make operations quick and simple
 * Has the most secure hardware chip available certified by CC EAL 6+

Pros
 * Supports 120 coins and 200,000+ tokens
 * Built-in crypto-to-crypto and fiat-to-crypto exchange
 * Compatible with current OS

Cons
 * No iOS mobile app

More

OPOLO is based in Luxembourg. The device uses the world’s most secure EAL 6+
certified chip. The OPOLO wallet is currently the only device on the market to
be EAL6 + certified for software and hardware. It is important to note that the
company has allocated 1.5 years for testing the device, external audit, and
certification of Digital Security Paris (France). There are no more devices on
the market that would have passed this test before being released to the market.


HOW DO CRYPTOCURRENCY WALLETS WORK?

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To work with cryptocurrency, crypto wallets are most often used. It is a special
program that integrates into an exchange, software, or hardware environment.
With its help, the user can work with the blockchain as well as perform transfer
operations. Each key, regardless of the environment, has a private and public
key.

The public door is available to everyone and is used to transfer funds. The
private key is a security password that consists of a cryptographically
generated combination.


WHAT TYPES OF CRYPTO WALLETS ARE THERE?

In general, wallets can be divided into 2 types – custodian and non-custodial.
The last one is a type of decentralized wallet, where the user owns his private
keys. With this approach, the user receives a file where his private keys are
stored. And he needs to come up with a phrase restoring access to funds. If the
user has private keys, this means that he has complete control over the funds
and is responsible for them.

A custodial wallet means that private keys and other data, such as backups, are
with the developer.

If you choose between these two options, then certainly non-custodial wallets
are the most preferred. In this case, the assets are more protected and
attackers will not be able to steal them.


CLASSIFICATION OF CRYPTO WALLETS?

So, as mentioned above, wallets can be classified into 2 large types. Let’s take
a look at which wallets belong to each of these two types.

CUSTODIAL WALLET

– Software wallets
There are several types of software wallets, each with its own characteristics.
Most of these wallets have an internet connection, so they are hot. They store
their keys on servers, but there are not so many such wallets.

– Exchanges
On some exchanges, a crypto wallet is sometimes provided upon registration. Keys
are generated on the developer’s servers and remain there without reaching the
user.

NON-CUSTODIAL WALLET

– Web wallets
These types of wallets are the most popular among novice users and those who
trade frequently and a lot. On the websites of large cryptocurrency exchanges,
you can often see such wallets. With their help, you can store any currency you
bought. sell or transfer it to other users. The advantage of such wallets lies
in the simplicity and speed of transferring various types of currencies. They
are also convenient in that they can be accessed through a browser from anywhere
in the world. However, they also have disadvantages. Although sites try to
protect such wallets, attackers can steal money from accounts through
uncontrolled computers that have malware installed.

– Mobile wallets
This type of wallet is used to store both large and small amounts. Now more and
more stores around the world are starting to accept crypto payments (Bitcoin /
Ethereum), so mobile wallets are convenient for paying for purchases in the
store.

– Paper wallets
This type of wallet is considered the safest for storing cryptocurrency. To use
it, you need to print the keys on paper and then integrate them into an online
wallet.

> “Bitcoin will do to banks what email does to regular mail.”
> 
> Rick Falkving, a Swedish information technology entrepreneur and founder of
> the Swedish Pirate Party

Indeed, imagine what kind of transformation crypto wallets are performing in
comparison with conventional ones. Already, you can pay with cryptocurrency in a
regular grocery store. And for those people who consider this digital asset to
be something from the realm of fantasy and continue to pay with paper money, the
modern approach is just mind-blowing.


FREQUENTLY ASKED QUESTIONS

What is the difference between a cold and hot wallet?

Depending on the method of storing cryptocurrency, wallets are divided into cold
and hot. Let’s see how they differ.
A hot wallet is any kind of wallet that is connected to the internet. Hot
wallets are pretty easy to set up, convenient for users and traders. For
example, you create an account on the exchange and send funds to your account.
This means that you are making a deposit to your hot wallet.
Cold wallets are a type of wallet that has no connection to the Internet. It is
about cold wallets that we are talking about in this article. These types of
wallets use a physical medium to store keys. Of course, this makes them more
resistant to hacking. This option is best suited for those who are going to
store crypto for a long time.


Can I store multiple currencies in my wallet?

This question is very common, but the answer often depends on the crypto coins
you own. When you select a wallet, first of all, look at what cryptocurrencies
it supports.
However, what if you want to store several different currencies at once in one
wallet? The answer is simple – use multi-currency wallets. Using a
multi-currency account is much easier because you don’t need to use different
wallets for different coins. However, I emphasize once again that it is
necessary to check which currencies the wallet supports.

Are crypto wallets anonymous?

As we mentioned earlier, a crypto wallet has private and public keys. Although
your wallet address does not contain your name, you can still get a lot of
information about yourself.
For example, you can find out about all transactions that were made from a
specific wallet. For example, the amount and addresses to which the transfer was
made. Of course, an ordinary person cannot immediately get a lot of information
about you. However, you must understand that the government is trying to
regulate cryptocurrency exchanges. Therefore, when buying crypto coins for real
money, you identify yourself. On centralized exchanges, this happens during the
registration process. Thus, when you withdraw funds to wallets, the exchange
knows that this particular wallet is associated with your personality.

How funds are stored in wallets?

Quite often people say that cryptocurrencies are stored in wallets. However,
from a technical point of view, this is not true. In fact, the funds are stored
on the blockchain. It is a distributed decentralized ledger. Blockchain, as the
name suggests, is a chain of blocks containing information. Wallets contain data
allowing access to funds stored inside the blockchain.


HOW TO SET UP A CRYPTO HARDWARE WALLET – STEPS TO TAKE


 1. Buy the hardware wallet
    
    Better use any of the ones described in this article, since they’re trusted.

 2. Complete software installation process
    
    No matter what company you choose, any of them has the software you need to
    set up. You can download it from the company’s website. Don’t be afraid to
    do that and just follow the instructions given on the site.

 3. Transfer crypto coins to your wallet
    
    However, pay attention to the availability of buying crypto with your local
    currency.


BOTTOM LINE

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Cryptocurrency wallets are an integral part of using cryptocurrencies. With
their help, you can send and receive transfers through the blockchain network.
The best crypto wallet is the one that suits you best. That is why it is
important to know the advantages and disadvantages of different types of
wallets. Before you start using them, familiarize yourself with how they work.
We hope this article answered all your questions and helped you choose the best
crypto wallet.

Table of contents
 * Top 3 Best Crypto Hardware Wallets ⚡
 * 9 Best Crypto Hardware Wallets in 2021 Below
 * How Do Cryptocurrency Wallets Work?
 * What Types of Crypto Wallets Are There?
 * Classification of Crypto Wallets?
 * Custodial wallet
 * Non-custodial wallet
 * Frequently Asked Questions
 * How To Set Up A Crypto Hardware Wallet – Steps To Take
 * Bottom line

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