Top 5 Bitcoin Hardware Wallets in 2021 (++ Altcoins)

Every day more and more people join the Bitcoin empire.

While some like to store their Bitcoins in software or desktop wallets, some want to use safer wallets. And if you are a long-term investor, this is not a bad idea.

However, for long-term ‘HODL’ you should use a paper or hardware wallet.

I personally support the use of a hardware wallet because it offers great security, as well as that you can even use it for your daily transactions.

Hardware wallets promise improved security from software wallets in the event of theft or fraud. What’s more, your coins are safe even if your computer is hacked or someone has stolen your hardware wallet. If you lose your hardware wallet, you can always return all your coins to a new wallet.

Important point: without knowing your secret pin code, no one can transfer Bitcoins or other coins from your hardware wallet. Moreover, no spy screen recorder or trojan can record what is happening on your hardware wallet because you are not using a laptop or system resources and have a dedicated LCD screen. Read more in the section below:

What is a Bitcoin hardware wallet?

Bitcoin hardware wallets are an electronic device resistant to unauthorized use designed to store the private keys of your coins in an offline environment. The private keys and digital signatures required to spend bitcoin are generated through these wallets.

As well as the way you place any wallet, you need to write the opening word (recovery phrase) on a piece of paper and store it in a safe place. Rather make 2-3 copies and distribute them. And since your keys are offline, there is no possibility of hacking.

At the time of writing this text was there is no reported theft or loss of bitcoin from the hardware wallet. Some hardware wallets have network security cards, and some have a small digital display with a user interface for checking transactions.

Even if your hardware wallet is damaged, you can easily recover your bitcoins with a recovery phrase.

Note: Bitcoin hardware wallets were invented after the birth of Bitcoin. Currently, you can store other cryptocurrencies (ETH, BNB, DOT, etc.) in these wallets.

If you want to store Bitcoin and other cryptocurrencies securely in the long run, then you definitely need to order a hardware wallet. Since most of these hardware wallets have a wait period of a month or two due to high demand, order one as soon as possible.

If you are looking for one recommendation as the best Bitcoin hardware wallet, then you should not look any further than Ledger Nano X. If money is not an issue, I suggest ordering 2 at a time. I have explained the reasons here.

The best hardware wallet for Bitcoin and cryptocurrencies

Although I initially prepared this list for Bitcoin, over time the list evolved into accepting multiple blockchains. For example, the smart chain Binance, Polkadot and several new blockchains support many of these hardware wallets. Support for multiple blockchains is one important feature a hardware wallet should have in 2022. The Ledger Nano X is the best hardware wallet to use in 2022, however, if you’re looking for a Bitcoin-only wallet, then you can use something like a Coldcard hardware wallet.

1. Ledger Nano X (order here)

The Ledger Nano X is Unicorn’s latest hardware wallet or Ledger hardware wallet. The beauty of the Ledger wallet lies in its superior security which is possible with the help of 2 chips. The Ledger Nano X is the perfect blend of hardware security and mobility. The Bluetooth feature will allow you to use this hardware device on the go with your phone or laptop, without the use of a wire.

The reason why the world is crazy about this hardware wallet is its ability to hold multiple cryptocurrencies at one time. In the earlier version of Ledger (Nano S, which is mentioned below), we had to manually install / remove applications to use a particular wallet, in Ledger Nano X you can install multiple crypto wallets at the same time.

Features of Ledger Nano X:

  • Size: 72 mm x 18.6 mm x 11.75 mm Weight: 34 g
  • Stainless steel and plastic
  • 100mAh battery
  • Store multiple cryptocurrencies at the same time
  • Easy to use
  • free delivery
  • Sign up for DEX as Binance

Some of the popular crypto wallets available in Ledger Nano X are:

  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Litecoin
  • Money
  • Ripple
  • Neo
  • Binance coin
  • ERC20 tokens
  • 100+ cryptocurrencies
Size: 72 mm x 18.6 mm x 11.75 mm (2.8 in x 0.73 in x 0.46 in)
Weight: 34 g (0.56 oz)
Screen: 128 x 64 pixels monochrome
Price: US $ 119 plus postage

If you’re looking for one recommendation to buy the best hardware wallet, the Ledger Nano X is the best choice this year.

2. Ledger Nano S

Another popular Ledger team hardware wallet. Ledger Nano S is a product of a French startup. It has an elegant and attractive European flair in its design.

Some of its basic features are a backup startup key to recover your bitcoins, an easy-to-use OLED interface and a two-button flash drive with side navigation interface.

It is device without battery which you can connect to a computer or mobile device via USB. Here is a video guide by Harsh Agrawal on how to start using the Ledger Nano S.

The Ledger Nano S now supports nine cryptocurrencies (including Bitcoin) and is also the cheapest hardware wallet for multiple currencies ($ 65). However, my suggestion is to buy the Ledger Nano X which is a modern version of the Ledger Nano S.

Size: 57 mm x 17.4 mm x 9.1 mm (2.2 in x 0.68 in x 0.35 in)
Weight: 16 g (0.56 oz)
Screen: 128 x 32 pixels monochrome
Price: US $ 59 plus shipping

3. Cobo Vault

Cobo Vault is a military-grade hardware wallet that many technophiles like. This is a complete hardware wallet with an air gap, to protect your coins from hackers. WiFi / Bluetooth / NFC / bandwidth capabilities have been eliminated to ensure you can never hack over a network.

In addition, there are no USB ports, and a QR code is the only way to make a transaction with a Cobo vault. The beauty of this hardware wallet is the actual safe that meets the US military standard MIL-STD-810G with IP68 waterproof rating and IK9 certification. In simple words, your wallet will be safe in the event of a flood.

Watch these videos to see the unpacking of Cobo Vault and how to set it up for the first time:

As a wallet for cold storage of cryptocurrencies, the Cobo vault is recommended for those who do not mind additional inconveniences at the cost of greater security. The Cobo Vault hardware wallet can be ordered for a price of $ 479, and the only supported payment method is Paypal.

4. Vault

Hardware wallet The Bitcoin vault was a pioneer in the era of hardware wallets. Did SatoshiLabs, it is the world’s first secure Bitcoin hardware wallet.

It looks like a small calculator with an OLED screen. Randomly generated nine-digit pins and a 24-word recovery initial key provide security in the event of device loss or damage. Its purpose is to store private keys and sign transactions offline.

You can use the wallet vault with Android devices and applications such as the TREASURY Wallet, Mycelium and Multibit HD. Here is a series of video tutorials by our CEO Harsh Agrawal on how to start using the Treasury.

The vault now supports eight cryptocurrencies (including Bitcoin) and costs $ 99.

5. KeepKey

KeepKey

KeepKey is another hardware device available in the bitcoin storage market.

It doesn’t offer much compared to Ledger Nano S or Vault. Moreover, it is more than twice as big as its peers and is not as convenient to carry in your pocket.

It has the same backup seed key feature with pin code enabled and works like other wallets. It currently supports six cryptocurrencies (including bitcoins).

It also comes with a price tag of $ 99.

Consider reading these comments and reviews about KeepKey on Reddit and Amazon.

Ledger Nano S vs. Vault vs. KeepKey (compare)

Ledger Nano S
Vault
KeepKey
What’s in the box?
  • Ledger Nano S
  • USB cable
  • Instructions
  • Recovery sheet
  • Keychain
  • TREASURY
  • Micro USB cable
  • Seed Booklet for Recovery
  • User guide
  • KeepKey
  • Nylon USB cable
  • Backup recovery card
  • A quick start guide
Dimension and weight Height: 98 mm

Width: 18 mm

Depth: 9 mm

Weight: 16.2 g

Height: 60 mm

Width: 30 mm

Depth: 6 mm

Weight: 12 g

Height: 38 mm

Width: 93.5 mm

Depth: 12.2 mm

Weight: 54 g

OLED screen and keys That That That
Compatibility Windows (7+), Mac (10.8+), Linux Windows, Linux, OS X (10.8 or later). Windows, Mac and Linux
Cryptocurrencies
  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Ethereum Classic
  • Ripple
  • Litecoin
  • Dogecoin
  • Zcash
  • Dash
  • Stratis
  • Komodo
  • Ark
  • PoSW
  • ERC20 tokens
  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Ethereum Classic
  • Namecoin
  • Litecoin
  • Dogecoin
  • Zcash
  • Dash
  • ERC20 tokens
  • Bitcoin
  • Ethereum
  • Litecoin
  • Namecoin
  • Dogecoin
  • Dash
Buy now Buy Ledger Nano S now Buy the Vault now Buy a Keepkey now

Disadvantages of Bitcoin hardware wallets

While the brighter side of hardware wallets is that they keep your keys offline, they also have some drawbacks. For example, if you forget or change your recovery recovery key and / or PIN, you will not be able to access your coins.

So you need to always remember your PIN code.

You should too piss your spare starting key on a piece of paper and keep it safe. I recommend that you make 2-3 copies of this key and keep them all in different places.

Here are some frequently asked questions about the Bitcoin Hardware Wallet:

Do you need a hardware wallet?

For any cryptocurrency investor, a hardware wallet is a must-have device. Since you are your own bank when dealing with Bitcoin and cryptocurrencies, this is one of the least things you can do to ensure security and protection from hackers.

What happens if you lose your hardware wallet?

If you lose your hardware wallet, there is no need to panic. As long as you use Pin to access your hardware wallet, no one can steal your Bitcoin. You can return the wallet to any other wallet using the seed word you received when setting up the Bitcoin hardware wallet.

Is setting up and using a Bitcoin hardware wallet difficult?

Bitcoin hardware wallets like the Ledger Nano X are one of the easiest wallets to use. There are many guides and support on Reddit to help you set it all up yourself. These modern gadgets are designed to be safe and easy to use.

The best Bitcoin hardware wallets

In general, having offline storage for your cryptocurrencies is a really smart thing to do.

So let us know: Which Bitcoin hardware wallet are you using?

Let us know in the comments below !! Have a question about Bitcoin hardware wallets? Ask us in the comments!

Happy reading, learning and sharing with CoinTomorrow community!

Here are some hand-picked guides that you can read as follows:

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