Unfortunately, hacks have become relatively common in the cryptocurrency space, making the need to properly secure your digital assets of paramount importance.
Thankfully, several companies have risen to the challenge of providing a suitable way to secure your cryptocurrency portfolio, offering a variety of hardware wallets that keep your private keys safe from prying eyes.
In 2019, hardware wallets remain the gold standard when it comes to securing your cryptocurrency assets. They are easy to handle and extremely secure — keeping your private keys safe by blocking external access through a variety of cold storage mechanisms.
For the most part, cryptocurrency hardware wallets are a relatively inexpensive purchase. However, the absolute top tier wallets can be out of budget for many people, though this is typically reflected by the superior features they offer.
In light of this, we have chosen to review the three absolute top tier hardware wallets available. These are mostly targeted towards those with an extensive, or high-value cryptocurrency portfolio, and those who absolutely will not settle for second best.
Ledger Nano X
The Ledger Nano X was designed to address some of the biggest drawbacks of Ledger’s previous flagship wallet — the Ledger Nano S. Rather than being connected with a USB to your device, the Ledger Nano X is bluetooth-enabled, allowing it to connect to a much larger variety of devices, without requiring special software or cables.
Besides this, the Ledger Nano S also features vastly upgraded storage capabilities, allowing owners to store well over 100 applications at a time, greatly improving on the 3 or 4 the Ledger Nano S was capable of handling.
Despite radically overhauling the design and capability of its hardware wallets, Ledger retained the same industry-leading security features, by including an encrypted secure element that keeps your private keys, isolating your funds from any external threats.
The Ledger Nano X also features support for even more cryptocurrencies than the Ledger Nano S, making it an excellent choice for those with a diverse cryptocurrency portfolio. With that said, if portability and absolute security are your primary concerns, then the Ledger Nano X is an excellent choice.
- Large number of supported assets
- Industry-leading security
- Excellent portability
Trezor Model T
Satoshi Labs first debuted in 2014 with its Trezor One hardware wallet, which has since become one of the most popular hardware wallets on the market. However, not content with their current success, Satoshi Labs decided to push the boundaries further, by introducing their flagship wallet, the Trezor Model T.
At a size of 64x39x10mm, the Trezor Model T is slightly larger than the Trezor One, with much of this additional sized owed to the much larger screen that it includes. Moreover, the Model T completely lacks buttons, and instead offers a touch screen interface, completely avoiding the well-known navigation hassles associated with the older design.
Like all Trezor devices, the Model T is basically a vault for your cryptocurrencies, having no known attack vectors and bank-grade secure to ensure your private keys never leave your device. The Trezor Model T also features an expanded range of supported currencies, with well over 1,000 compatible coins and tokens, including Ripple (XRP), Monero (XMR) and Cardano (ADA) — each of which is not compatible with the Model One.
At around $200, the Trezor Model T is certainly on the higher end of the pricing spectrum, but is best for those who are willing to pay more for improved convenience, usability and a slightly improved range of supported cryptocurrencies.
- Compatible with all major operating systems
- Intuitive user interface
- Excellent range of digital assets supported
The Ledger Blue is easily the largest and most expensive hardware wallet on this list, coming in at around $249.99. Rather than offering a large improvement in terms of features or supported cryptocurrencies, the Ledger Blue is designed to excel in one particular area — usability.
Coming in at 97mm x 68mm x 10mm, the Ledger Blue is roughly the same size as many cell phones, which gives it enough room to fit a massive display. The large screen also makes the Ledger Blue among the easiest to use wallets on the market, with large icons and an easy to navigate user interface being its primary advantage over other wallets.
Besides this, the Ledger Blue is perhaps the most advanced hardware wallet currently on the market, featuring the ability to run several applications in parallel without compromising its security.
However, the simplicity of the device does come with its own set of drawbacks. For one, the Ledger Blue is compatible with fewer cryptocurrencies than the Ledger Nano S and Nano X, with several major digital assets, including EOS, Monero (XMR) and Cardano (ADA) not being supported.
Overall, if usability trumps all else, then the Ledger Blue is an excellent choice.
- Large color touchscreen
- Extremely easy to use
- Wide variety of apps available
Looking for hardware wallet but don’t have such an extensive budget? Check our overview of less expensive, but still excellent options to securely store your digital assets.
Image credits: Ledger, Trezor