Home Digital Wallet Get to Know the Top Hardware Wallets in Use in the Cryptocurrency Space

Get to Know the Top Hardware Wallets in Use in the Cryptocurrency Space

Get to Know the Top Hardware Wallets in Use in the Cryptocurrency Space

Hardware wallets are cold wallets or cold storage. They are meant to keep and secure the private keys if your wallets inside the safe chip in the physical device itself. Hardware wallets are the safest as there is no way for someone to get private keys from the hardware wallet unless they gain access to the physical decide.  Even if it gets stolen, it would have to pass another protection and it is mostly a 7- digit pin code which is not easy to crack and some of them have the “self-destruct” mechanism to protect from both online and offline attacks.

The top hardware wallets are:

1. Ledger Nano X

Ledger Nano X is the second generation of Ledger hardware wallets.  The first one is Ledger Nano S. The storage is bigger.  Thus, users will be able to install more blockchain apps up – may be to 100. The screen is bigger and therefore it is better for mobile devices – it facilitates Bluetooth connection. It makes use of custom specially made BOLOS operating system, which has excellent security.  And all crypto apps (wallets) will be isolated from each other. It supports more than 1,600+ coins and tokens.

 

2. Trezor Model T

Trezor Model T is the second generation of the Trezor wallets.  The first-generation wallet is Trezor One. Trezor completely fits with all Ledger Nano X security features.  It is a great hardware wallet. Trezor Model T has the capacity to host more than 1800 coins and tokens; however, the user will be able to switch to a Bitcoin-only firmware which has been designed to exclusively tackle Bitcoin operations. Trezor Model T makes use of Trezor Suite software to communicate with the device.

 

3. Ellipal Titan

Ellipal Titan is known to use air-gapped hardware wallet security solution. It protects the device from the network and remote attacks.  It has anti-tamper self-destruct mechanism to protect from offline attacks. Ellipal Titan hardware wallet provides supports for more than 40 Blockchains and 10,000+ tokens. Ellipal app facilitates with the ability to buy and exchange most of the cryptocurrencies and also helps with staking some directly to earn rewards.

4. SafePal S1

SafePal S1 is a new hardware wallet project that is backed by Binance Labs. It makes use of air-gapped connection mechanism and EAL 5+ security certification which has a self-destruct mechanism in case of offline forceful attacks. It supports 20 blockchains and 10,000+ tokens.

5. D’CENT

DCent is a hardware wallet that is made for iOS and Android devices and works with the D’CENT app wallet using the encrypted Bluetooth connection. The D’CENT supports 25+ blockchain cryptocurrencies, all Ethereum tokens but also the ability to add custom tokens that reside on the blockchains like Binance Smart Chain (BEP20), Heco (HRC20), RSK (RRC20), XIFIN (XRC20) and more.

6. SecuX V20

SecuX features 3 versions (W10,W20and V20) of their hardware wallets. Advanced encrypted standard AES-256 is used for data security and holds the EAL5+ certification.It supports Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Groestlcoin, BNB, DigiByte, Dash, Doge, Stellar and all erc20 tokens.

7. CoolWallet Pro

CoolWallet Pro is the second generation of the CoolWallets (first being CoolWallet S) that provides for direct staking of Tron (TRX), Polkadot (DOT) and Cosmos (ATOM). Users will be able to stake and exchange cryptocurrency and connect to DApps/DeFi protocols, but also deposit USDT and earn the returns, buy cryptocurrency, participate in Airdrop.

8. Keystone Pro

Keystone Pro is a hardware wallet which makes use of air-gapped QR code communication.
It has 3 versions: Essential, Pro and Ultimate ranging from $119 to $479. The Pro version has fingerprint sensor with self-destruct mechanism.  The Keystone version ($479) is also waterproof with aluminium body and hardshell protection case.

9. BitBox02

BitBox02 is a Swiss made desktop hardware wallet (Windows, Linux, Mac). It supports Bitcoin, Litecoin, Ethereum and only but all ERC20 tokens. It has very high security level of a dual chip design developed since 2015 by a team of Bitcoin core developers and crypto experts. They even have a Bug Bounty Program which rewards independent reviews of the firmware and for responsible disclosure of any findings.

10. Ledger Nano S

Ledger Nano S is the first generation of the Ledger hardware wallets. It was released in 2016. It uses BOLOS, which is a very secure operating system.  It supports same number of blockchain cryptocurrencies and tokens.  There are a total of 37 coins and 1000+ tokens; however, it has much lower storage space then his successor Ledger Nano X.

 

 

 

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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