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Top 10 Hardware Crypto Wallets of 2024

Explore the top hardware wallets for secure cryptocurrency storage and their unique features and security measures
June 25, 2024

Cryptocurrencies are one of the most lucrative investments at the moment. They yield high returns and are decentralized and accessible to anyone, anywhere. However, purchasing the coins is not the end of the story. Being a digital coin in a decentralized network means that no central figure will store it. Blockchains give the owner full control of the currency, including storage.

For daily trading, online wallets are likely the best option. But for long-term storage, it’s best to go for a hardware wallet. These wallets are physical devices that are not constantly connected to the Internet, so they’re safer against attacks. Thus, they are the most secure type of Bitcoin wallet in the ecosystem.

Despite that, they are not completely free of risk, so users must be mindful of them even when owning hardware wallets. One of the most common issues is the loss or destruction of the device. Since they are offline, if the physical device is broken or lost, the coins might be lost as well. This is solved by keeping the seed phrase in a secure place offline and opening the wallet again in another device, or in an online wallet.

There’s also the risk of physical hacking, but this is only possible if a thief gets possession of the wallet. Although they are offline most of the time, malware and scams are also risks. To prevent this, it’s important to never share the seed phrase with anyone and to only purchase new devices from trusted sources. Second-hand devices can be manipulated, and the risk of losing the coins is higher.

Let’s move on to the top 10 hardware wallets we can safely recommend today.

1. Trezor Model One

Trezor was one of the first companies to build a hardware wallet for Bitcoin, and it has remained a leader in the industry since then. The Trezor Model One specifically is an affordable model, with a price of $59, but this doesn’t mean it’s not as secure as any other.

It supports over 9,000 coins and tokens, from leading coins like Bitcoin, Ethereum, and Polygon, to stablecoins and utility tokens. Besides that, it can be connected directly to exchanges, so users can purchase their coins and transfer them immediately to their Trezor. The software of the wallet is open-source, which gives an extra layer of security since anyone can audit the code.

For anyone deciding between cold vs. hot wallets, the Trezor Model One is a great option for the former.

Trezor Model One

2. NGRAVE ZERO

NGRAVE ZERO is a novel hardware wallet that offers important improvements to traditional devices. One of the main features is that it’s completely offline. Instead of connecting temporarily to the Internet through a USB, like Trezor, it communicates to the blockchain via QR codes. It also includes a biometric sensor that is required to sign transactions and unlock the device.

The NGRAVE ZERO supports over 3,700 coins and tokens, much less than Trezor, but it also supports NFTs. However, its price is $398. When deciding which wallet to buy, users must decide if the extra layers of security are worth the price or if they prefer simpler, secure options.

3. Cypherock X1 Vault and Cards

Cypherock X1 offers an innovative approach to security in the hardware wallet field. A notable feature is the use of a dual-chip architecture, which splits the private keys into different storages. This way, even if the wallet is connected to the Internet, there is no way to access the full private keys.

But perhaps the most innovative characteristic is the use of the vault and cards. The vault works as any other hardware wallet, with an OLED screen and USB-C port. However, the cards rely on NFC technology to help secure the wallet. Each set comes with four smartcards that must be present to unlock and sign transactions. Even if a card is lost, it’s still possible to unlock the device with at least two cards and add extra cards.

Cypherock X1 supports over 3,000 coins and tokens. The full set of the vault, four cards, and a hard case with a built-in Faraday cage costs $199.

4. BC Vault

BC Vault is a hardware wallet that improves on existing technology by eliminating the need for seed phrases. Using a unique approach, BC Vault relies on an intricate set of passwords, PIN codes across different wallets, and FeRAM encryption to protect the funds. This makes it easier for users since seed phrases are prone to loss or theft.

BC Vault supports over a million coins and tokens, as well as NFTs, more than any other alternative. It also allows users to purchase cryptocurrencies through its app and trade them with one another. The wallet costs $140.

bc vault

5.  Ellipal Titan 2.0

Like NGRAVE ZERO, the Ellipal Titan 2.0 hardware wallet relies on QR technology to prevent the device from connecting to the Internet. Moreover, the physical device is sealed in a full metal case to prevent damage to the equipment. The software includes an auto-self-destruct feature that automatically deletes the information if it detects any tampering attempt.

This hardware wallet costs $169 and supports over 10,000 coins and tokens, as well as NFTs from the Ethereum and Polygon blockchains.

6. Ledger Nano X

Ledger, along with Trezor, is one of the first companies to launch a hardware wallet in the crypto ecosystem. The Ledger Nano X model offers support for over 5,500 coins and tokens. Besides Bitcoin, Litecoin, or XRP, it also supports Ethereum, Polygon, or Tron, along with tokens built on their protocols. The Nano X can also store NFTs.

It connects to the user’s mobile phone using Bluetooth. This way, the Ledger app can show and manage the balances. A unique feature is the ability to stake PoS coins, like Tezos or Polkadot, directly on the device. The Ledger Nano X costs $149.

7. Trezor Model T

The Trezor Model T is a more advanced version of the previously mentioned Model One. It has the same functions but also features a touchscreen. Moreover, it includes a few privacy additions, like support for CoinJoin — a protocol that obscures data related to transactions on the Bitcoin network.

It also supports over 9,000 coins and tokens and connects to exchanges so users can trade coins directly from the device. The Trezor Model T costs $179, which is higher than the Model One but in the same range as other similar wallets.

8. SecuX V20

SecuX V20 is a potent hardware wallet that stores over 10,000 coins and tokens across 300 different chains, as well as NFTs. Users can create up to 500 accounts on the device. It features MetaMask and WalletConnect integrations. This means that users can interact with DApps and DeFi protocols without transferring their funds out of the wallet.

The device can connect to web and mobile applications using Bluetooth, QR, or USB-C. It costs $139, a low price compared to other devices with similar characteristics.

9. Coldcard MK3

Coldcard MK3 is one of the models of the Bitcoin cold wallets developed by crypto hardware manufacturer Coinkite. The codebase of the wallet is open source, so it can be reviewed and audited by anyone. The Coldcard employs a technology known as Partially Signed Bitcoin Transaction Format (PBST), which allows it to sign transactions without ever going online. Thus, the device reinforces security by never connecting to the Internet. Users can manage the funds stored safely on the device. Although it is a highly secure hardware wallet, it only supports Bitcoin. Its current price is $109.97.

10. Safepal S1

Safepal S1 is a fully offline cold wallet that offers a wide range of functions. It can sign transactions on over 100 blockchains via Bluetooth, WiFi, USB, or NFC. Users of the Safepal S1 can use the wallet to manage their NFT, connect to DApps, trade, and stake coins and tokens.

Binance Labs, the project focused on supporting valuable initiatives in the crypto ecosystem, funded the development of Safepal S1. Thanks to it, customers can participate in Binance Earn products using the funds stored in the wallet. Unlike other alternatives with similar characteristics, Safepal S1 only costs $49.99.

Conclusion

Blockchain decentralization means that users are responsible for keeping their tokens secure. Hardware wallets are the safest options, and recent models even allow users to purchase coins through the device. When choosing which wallet to use, it’s important to evaluate features like coin support, price, and overall security measures.

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