Hardware and Software
We list the best crypto hardware and software wallets.
Best Crypto Hardware Wallets
Trezor and Ledger are among the most famous crypto hardware wallets since they have been around for several years. Also, there are a few challenging newcomers listed below.
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Best Crypto Software Wallets
Software wallet might not be considered as safe as hardware wallets but they are much more convenient since you don’t have to connect a hardware every time you want to interact with your cryptocurrencies.
TREZOR Model T
Trezor Model T is the premium Trezor model with support for over 1000 cryptocurrencies.
Trezor has a long solid track record and has also been audited by 3rd party security firms.
Trezor has managed to survive without any known major hack and is definitely considered one of the safest places to store your Bitcoins and altcoins.
The Ngrave zero can be considered the safest coldest wallet on the market since it reaches the highest security certification standard possible, EAL7(Trezor is EAL5).
Ngrave Zero is 100% air-gapped and ROHS and CE certified like the Trezor, achieving a higher security standard than any of the competition.
The Ellipal Titan is an air-gapped cold storage hardware wallet.
This hardware wallet supports most cryptocurrencies of the listed hardware wallets.
In addition, it is sealed to ensure that it is dust and water-proof and also comes with an anti-tamper feature that will delete all of the private keys should someone try and physically break into the device to tamper with it.
Crypto Hardware and Software Wallets - FAQ
What is a crypto wallet?
A crypto wallet stores your private keys, keeping your crypto safe and accessible.
The most crypto wallet also allows you to send, receive, exchange, and spend cryptocurrencies like Bitcoin and Ethereum.
What is a crypto hardware wallet
Your private crypto keys are stored in a device not connected to your computer or the internet, usually a USB stick.
You only connect it when you are about to use your funds. The idea of a crypto hardware wallet is to try to balance security and convenience.
What is a crypto software wallet?
When using a crypto software/online wallet, your private keys are stored in an app or other software.
You should look for one that is protected by two-step encryption(Google auth or similar). This makes sending, receiving, and using your crypto as easy as using any online bank account, payment system, or brokerage.
There are non-custodial and custodial software wallets. A custodial has access to your private keys while a non-custodial has not.
Crypto Hardware VS Software wallet
A crypto hardware wallet is considered a safer alternative compared to a software wallet.
What is cold storage?
Crypto cold storage is a term used for storing cryptocurrency tokens offline, for example with a hardware wallet.
What is a hot wallet?
A crypto hot wallet is a cryptocurrency wallet that is always connected to the internet and cryptocurrency network. Hot wallets are used to send and receive cryptocurrency, and they allow you to view how many tokens you have available to use.
Hot wallets might be necessary to use for long-term usage if you are a liquidity provider to Defi or similar.
Can my wallet be hacked?
Any wallet can be hacked but there are many available tools to minimize the risk to be hacked.
Setup two-step authentication, whitelist addresses, whitelist IP, store long-term on a hardware wallet, and diversify among a few different wallets.
Read more in our article about crypto risk management strategies.