In the same way you store a dollar bill of fiat money in a wallet that goes in your pocket, a digital wallet can safely and securely store your digital money. The most popular crypto wallets are software ones, accessible from computers and phones, but physical, hardware wallets are a great way to hedge against software and network vulnerabilities. More than money though, a crypto wallet can hold all kinds of digital goods, including nonfungible tokens (NFTs) and other types of collectibles. This is a brief overview of some of the more popular hardware wallets to help you get started in this world of cryptocurrency.
Ledger is one of the most popular brands of crypto hardware wallets because it’s affordable. The Nano S starts at just $60 and provides all the basic functions you might need to get started.
For those who want more performance or convenience, Ledger also has its Nano X, which, among other things, offers Bluetooth connectivity to its Ledger live mobile app. The Nano X starts at a reasonable $120. The Nano X is just a little bit better in a lot of ways and may be worth its extra cost. For example, the screen is a little larger, it has a USB-C instead of USB-A port and has a longer battery standby time. Both devices have the same security in a pin code, certified secure element (CC EAL5+) and 24-word recovery phrase.
Possibly the most meaningful difference is the Nano X’s ability to manage over 1,800 coins and tokens with the Ledger Live app on iOS. The Nano S can only be used with a computer or Android device.
Trezor is another popular hardware wallet maker that offers a few different hardware variations, depending on how advanced you need it to be. Beginners and newcomers will likely want to get started with the Trezor One for its $60 entry price.
Trezor One supports Bitcoin, Litecoin, Ethereum, Dash, Bitcoin Cash and 1,000 more coins and tokens. Its OLED screen can hold six lines of text. It uses a Micro-USB connector for desktop or mobile phones and measures 2.4 inches by 1.2 inches for a pocketable size.
On the software side, macOS, Windows, Linux and Android are all supported. There’s a note that Windows Phone and iOS are not yet supported, indicating they could be in the future.
The more advanced option is the $194 Trezor Model T. Its physical size is similar to the One, but its goal is to go beyond just storing Bitcoin to keep all your passwords and other important digital identity information secure.
Buy at Trezor.
The Ellipal Titan is a disconnected, or air-gapped, wallet purposefully limited in what it can connect to. It has no wired or wireless (including…