The best Crypto & NFT hardware wallets to secure your blockchain assets
Today we want to show you which is the best crypto hardware wallet or let’s say in general digital asset wallet since many of the hardware wallets are nowadays also specific build for storing your NFTs safely.
It is not only important to find the best crypto currency exchange to buy and sell your assets, but it’s even more important to store your assets securely (especially since many people do not want to store big amounts of cryptocurrency on external exchanges, because as Bitcoiners always say “not your keys, not your currency”)
Choose your blockchain wallet wisely.
What are crypto hardware wallets?
How do these wallets work?
Ledger Nano S
Trezor Model T
Ledger Nano X
Trezor Model One
Ledger Nano S+
From the first view of the contents, you can directly see that we do focus on 2 companies for our review, Ledger, and Trezor.
Both companies go far beyond all security efforts to improve their hardware and software products all the time and we can assure you one of them will 100% be your favorite/best crypto hardware wallet (Not only in terms of pricing but also usability).
When comparing various hardware wallets of superior quality, Ledger certainly gets the upper hand. It is one of the largest hardware wallet manufacturers in the world.
Ledger was founded in 2014 and has already sold more than 2 million devices, it is now the leading choice of users when it comes to the safety of their funds.
The Trezor wallets use open-source firmware and software. Using a open-source code has both pros and cons. Possible bugs can be identified easily but it comes with an attached security risk.
What are crypto hardware wallets?
Crypto Hardware wallets are physical devices that are able to store cryptocurrencies or other digital assets (like NFTs).
They do contain private keys in an offline mode and can neither connect to the internet nor run complicated external apps. Hence they are considered safe from online attacks
Hardware wallets are compatible with several interfaces and apps. They are also compatible with other third-party crypto wallets that act as an interface to manage coins.
Always remember, the more complex the device is, the greater the chance of it getting attacked. These wallets have a minimal and simple design, reducing the overall attack surface.
How do crypto hardware wallets work?
Hardware wallets only sign transactions. Therefore, in order to configure the transactions and broadcast/send them to the network, you need to use another device (ex- laptop or phone) that is connected to the internet.
Usually, you need to download a software/program to interact with the hardware wallet because these wallets allow only specific types of information such as transaction data.
To start the transaction, we need to enter the pin(password) in the hardware wallet. Always make sure that the transaction we are approving on the hardware wallet’s screen is the same as the connected device.
You should always remember the seed phrase, which is a 12- 24 words combination that is given to us to initialize our hardware crypto wallet (Always, always note that and store it safely !).
Anyone who has access to the seed phrase can access your cryptocurrencies, therefore you must keep them offline in a secure place.
We do start with the classic, the Ledger Nano S crypto hardware wallet.
With its price and options, it does count as one of the most used wallets out there for securing assets.
You can store multiple currencies/blockchain assets on your ledger, Ledger Nano S supports over 1100 cryptocurrencies and digital assets, from Bitcoin to Litecoin, Ethereum, Monero, all Binance smart chain-based tokens.
- Released in 2016, It is considered more secure than the likes of Trezor which has heard security breach incidences in the past. It is also feature-rich and suitable for novice and advanced crypto traders alike.
- It does feature USB connectivity, a bright OLED display screen interface + two navigation buttons for confirming transactions.
- With limited support for about 3 to 5 crypto wallets (because of its storage size) Ledger Nano S is not the most suitable for those trading many several cryptocurrencies on different blockchains.
Features included in a Ledger S Wallet:
- 3 blank seed recovery sheets.
- A keychain, key lace, and a key ring.
- Uses T31H320 (protection) and STM32F042 (OS) chips as two protection layers. These help sign crypto transactions as separate pieces of hardware.
- Support for a few wallets due to space limitations means you keep uninstalling and reinstalling wallets if you are a very diversified investor and trader.
- EAL5+ secured against penetration attacks.
The price of a Ledger Nano S Crypto Wallet is roughly 59 Euro/Dollar (But you can save on bundle deals)
Trezor Model T
This model is an improvement of the basic Trezor flagship hardware wallet Trezor One. Released in 2019, Model T also supports 1,389 cryptos and tokens and uses hierarchical deterministic or HD key creation and BIP32 transfer protocol to secure your crypto.
Its outstanding features are the touchscreen, SD card that could support future data and file encryption, and support for the Shamir’s Secret Sharing method of splitting keys when backing them up to keep them secure.
Features included in a Trezor T Wallet:
- Built-in touch-screen for entering PIN and passphrase on the device.
- Supports Windows, macOS, Linux, and Android via OTG support. No iOS support though.
- Supports two-factor authentication through the Universal Second Factor (U2F) standard.
- Can work as a FIDO2 security key on several supported devices.
- Trezor Suite desktop app will help better use the wallet.
- Supports QR codes – you can ask a sender to use your QR-Code when sending you crypto.
- Sending funds to multiple recipients in one transaction (Multi sending to save transaction fees)
- EAL5+ standard secured against penetration attacks.
The price of a Trezor Model One Crypto Wallet is roughly 300 Euro/Dollar
Ledger Nano X is Nano S’ successor. It is made up of steel and consists of the ST33J2M0 Secure Element and the STM32WB55 microcontroller, which are wireless chips and have built-in Bluetooth support.
Nano X is a bit heavier and larger than the Nano S. It has a bigger screen than the Nano S with a display size of 128 x 64 pixels and does allow more room for displaying information.
It consists of two buttons that are placed on both sides of the device which feels more durable and more convenient to use sometimes.
Ledger Nano X is supported by a 100 mAh rechargeable battery. It does come with a USB Type C Connector.
It provides us with a lot more storage and can accommodate more than 100 apps easily, with each of them supporting a different crypto-currency/token.
Ledger Nano X is a much more popular choice among professionals and companies which need to access their funds anytime and anywhere, so a Ledger Nano X could be called a suitable B2B solution.
The price of a Ledger Nano S Crypto Wallet is roughly 150 Euro/Dollar (But you can save on bundle deals)
Trezor Model One
Trezor is a brand by SatoshiLabs, which has the Model One and Model T devices. Created in 2013, Model One uses a Hierarchical Deterministic key and BIP32 transfer protocol to generate and back up deterministic keys (BIP39).
Despite being caught up in security breaches in the past where people have lost cryptocurrencies, the crypto hardware device supports over 1000 crypto assets. It also features a display screen and two physical buttons to confirm and send transactions.
It does not have Bluetooth connectivity and, like the Ledger Nano S, it is most suitable as an entry crypto hardware storage device.
- Android, OSX, Windows, and Linux support.
- The ability to customize the device on the website.
- Address creation at will to avoid the use of an address multiple times.
- Set fee at the normal, high, economy, low, or custom level.
- 3rd-party wallet integration support.
- EAL5+ secured against penetration attacks.
The price of a Trezor Model One Crypto Wallet is roughly 80 Euro/Dollar
Bigger Screen. More Memory. – “The World’s Most Popular Wallet Just Got Better”
Focusing on new security features and more user options like trading and displaying NFTs in a better way are just some of the new elements that a Ledger Nano S + (plus) does have, it has all the features like the normal Nano S, but is advanced in some new points.
Manage over 5500 assets and have up to 100 apps installed at the same time on a bigger screen (same screen size as the Ledger Nano X).
The Nano S Plus does feature a USB-C connection, which will anyways become the new charging port standard.
- Up to 100 apps
- 128×64 px screen
- Certified secure chip (CC EAL5+)
- NFT managing functions
Who Should Buy a Ledger Nano S Plus?
- Users who want a wallet with multi-signature support
- Users who own many coins
- Users who want to hold NFTs
- Users who want to develop applications
The price of a Ledger Nano S Crypto Wallet is roughly 80 Euro/Dollar (But you can save on bundle deals)
Ledger Nano S vs X | Summary comparison
So we do assume many people now have thoughts if they should pick the Ledger Nano S or X.
We made you a quick summary to save you a lot of time.
|Physical Appearance||Ledger Nano X||Though it is slightly heavier, it has a bigger display giving us a more clear view of authorizing all the right transactions.|
|Cryptocurrency support||Same||Both the wallets support an equal number of coins.|
|Compatibility with other devices||Ledger Nano X||It additionally supports iOS 9+ smartphones.|
|Supported Apps||Ledger Nano X||It can support more apps because it has a higher storage space.|
|Compatibility with other wallets||Ledger Nano X||Though they support the same number of wallets, Ledger Nano X supports these wallets in iOS smartphones as well.|
|Ledger Nano X||It does have a Bluetooth connection function.|
|Security||Ledger Nano X||It uses even more advanced security chips.|
|Cost||Ledger Nano S||It is clearly cheaper.|
If you did already decide which Ledger to choose, you can go to their official store and buy one (We do only recommend buying from the official store and not from Amazon or any external reseller because there might be security issues with it)
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Moritz Pindorek (Moritzpindorek.com)
Social Media, Marketing & Blockchain
Crypto/Web 3 Advisor, Top 10 Crypto Influencer 2022(Forbes Monaco) & Top 10 Entrepreneur 2022 (Forbes Monaco)
Owner and writer for Cryptouserguide.com