Remember this loud and clear:
Your cryptocurrencies are only as safe as your crypto wallet.
Yet, we compromise in getting a cryptocurrency hardware wallet.
But let me still repeat.
We still keep trusting inbuilt online wallets of these exchanges and sometimes over-rely on our mobile or desktop wallets too by storing large amounts of cryptocurrencies on them.
But this can be fatal.
If you don’t choose a reliable hardware wallet for your Bitcoin-like cryptocurrencies, the day is not very far when you will lose your entire crypto capital like this rich chap who lost $24 million when his mobile wallet as hacked.
Moreover, you should not rely upon any or all cryptocurrency hardware wallets because not all are made the same. Here are some of the criteria through which we like to scan our hardware wallets picks:
- Team: Should have good development & marketing team
- Ease Of Use: Wallet should have easy to use UI & UX.
- Compatibility: Should be compatible & accessible across different operating systems
- Security: Should be uncompromising to the security standards
- Community: Should have an active community of users
Under the light of these criteria, we have the following suggestions for you, if you are looking for a good and robust hardware wallet for your cryptocurrencies like Bitcoin or Ethereum.
|Bitcoin Hardware Wallet Comparison||Our Ratings|
|Ledger Nano X||9.5/10|
|Ledger Nano S||9/10|
|Trezor Model T||8.5/10|
Bitcoin Hardware Wallet Comparison in 2020
Don’t risk your Cryptos! Choose any of these Best Hardware wallets to store your Bitcoin and other cryptocurrencies safely in 2020 and beyond:
#1. Ledger Nano X
Are you looking for more options to be used as the most secure Bitcoin wallet?
We have got you covered with another hardware wallet known as Ledger Nano X. Ledger wallet is the product of Ledger company (a global leader in securing crypto assets) and is based out of Paris, France.
Ledger is innovating its cryptocurrency hardware wallets since 2014 when it launched its first product Ledger Nano wallet. But its 2020, now and they have revamped their hardware wallet to Ledger Nano X.
Ledger Nano X is a state-of-the-art device to secure your cryptocurrencies on a hardware device that looks like a USB drive. Also, in terms of its physical design, Ledger Nano X has two side buttons and an OLED screen to control your device.
You can easily manage your transactions from your smartphone or computer with their Ledger Live app that is available for both mobile and desktop devices.
It gets better:
Your this hardware wallet is Bluetooth enabled and allows end-to-end encryption for extra security while you transact through your mobile or desktop.
Lastly, backing-up your 12 or 24-word recovery seed is quite easy using the Ledger Nano X device and must be done at the time of device initialization itself.
PS: Always buy Ledger Nano X from this official website, purchases made through other sources such as Amazon have been reported faulty resulting in compromising of users’ funds.
#2. Ledger Nano S
Which is the most popular Bitcoin wallet in the market?
It certainly has to be Ledger Nano S hardware wallet.
Ledger Nano S is the product of the same company which has launched Ledger Nano X. Of course, the company is innovating since 2014 and is experienced in making crypto hardware wallets.
Ledger Nano S the precursor of Ledger Nano X device but at its peak, it was the most sold crypto hardware wallet in the industry. As of now, millions of customers used Ledger Nano S because it provides unmatched security in comparison to any other mode of storage. (Read our detailed comparison of Ledger Nano X vs Ledger Nano S)
Even I have been using Ledger Nano S and Trezor Model T for almost a year now and can comfortably say that these devices compete for almost neck to neck in terms of performance.
However, the price tag on Ledger Nano S a bit lower as of now, so if you are someone who wants to invest less than $100 on a crypto hardware wallet, you should look no further than Ledger Nano S.
You get all the necessary features like back-up of recover seed, PIN code, two side buttons, OLED screen, a desktop & mobile app, etc. to manage your cryptocurrencies safely.
PS: Always buy Ledger Nano S from this official website, purchases made through other sources such as Amazon have been reported faulty resulting in compromising of user’s funds.
#3. Trezor Model T
Trezor Bitcoin wallet is the safest Bitcoin wallet you will yet find in the market.
It is developed by SatoshiLabs, a Czech Republic-based company that pioneered the ear of Bitcoin hardware wallets. SatoshiLabs started making some of the best hardware wallets for Bitcoin and other cryptocurrencies in 2013, and since then it is continuing its innovation.
In line with that, Trezor Model T is the next-generation cryptocurrency hardware wallet designed carefully to act as a digital safe for your digital assets.
While using Trezor Model T, your private keys never leave your device, and you access to an interactive desktop UI to take full control of your cryptocurrencies.
Taking back-up of your private keys with Trezor Model T is even easier as you just need to back-up your 12 or 18-word recovery seed.
Also, you can set a mnemonic passphrase on your Trezor Model T to put an extra layer of security for your funds.
Lastly, Trezor Model T as of now supports more than 650+ cryptocurrencies and ERC20 tokens including Bitcoin and is a lightweight USB like device used by millions of cryptocurrency HODLers who are serious about the security of their cryptocurrencies.
PS: Always buy Trezor Model T from this official website, purchases made through other sources such as Amazon have been reported faulty resulting in compromising of users’ funds.
#4. CoolWallet S
CoolWallet S is the easiest to use cryptocurrency hardware wallet available in the market and is aptly dubbed as ‘crypto on-the-go’ wallet.
CoolWallet S is a credit-card sized hardware wallet for your Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, and ERC20 Tokens, etc.
By not being like other Bitcoin hardware wallets, which are usually USB type devices, CoolWallet S opens up the opportunity to integrate with mobile devices directly.
This hardware wallet easily pairs with your mobile’s CoolWallet app to provide you the seamless experience of using your cryptocurrencies on mobile without compromising the security of your private keys.
Also, like other hardware wallets, CoolWallet S allows you to back-up your recovery seed and is a trustable product by more than 150,000 customers around the globe.
Lastly, it is a chargeable device with a contact charging feature that takes 2 hours untill fully charged. This makes it the most advanced as well as the coolest hardware wallet available right now in the market and even Bobby Lee- a crypto pioneer also seconds with this:
— Master ⚡️ (@xtdisnkfe) December 4, 2018
#5. Trezor One (Trezor hardware wallet)
Trezor One is the first flagship product of the SatoshisLab company which pioneered the era of hardware wallets. This wallet is also popularly known as the Trezor hardware wallet.
Of course, being the precursor of Trezor Model T has fewer features, but it is still usable and provides decent security to your cryptoassets.
Nevertheless, it is any day better than any mobile or exchange inbuilt wallet that you might be using now. So, if you are someone who is low in your budget as of now and still wants to secure their cryptocurrencies like BTC, ETH, LTC, etc., you should definitely buy this Trezor wallet.
Like other wallets, Trezor One allows you to back-up your recover seed words and always remain in control of your private keys.
This Trezor is a USB 2.0 device compatible with Windows, Linux, and macOS (10.8 or higher) and protects you keyloggers like attack vectors.
PS: Always buy Trezor One from this official website, purchases made through other sources such as Amazon have been reported faulty resulting in compromising of user’s funds.
Conclusion: Which Is Are Best Hardware Wallets For Bitcoin & Altcoins?
I know some of you might be still confused, which crypto hardware wallet to choose. But you shouldn’t be because we haven’t listed a long list of wallets like other sites to confuse you deliberately.
All the six wallets that we have listed are the best in the business, and we are using five wallets out of these six wallets, but if you want single recommendations from us, you should look no further than Ledger Nano X or Ledger Nano S.
We even suggest you have both these wallets to diversify in terms of the security of your funds. In the future, these two wallets might be interoperable in some way, who knows !!
Some frequently asked questions regarding hardware wallets…
Which is the best hardware wallet for cryptocurrencies?
It is a difficult thing to answer but according to me, Ledger Nano X & CoolWallet S are the best hardware wallet for cryptocurrencies and perfect for anyone who wants mobile and easy to carry hardware wallets.
What’s the best bitcoin hardware wallet?
If you just wish to store Bitcoin then the best Bitcoin hardware wallet is undoubtedly Ledger Nano X and Trezor wallet. You can pick any of these as both are cost-effective and
Which is the best cryptocurrency hardware wallet for ripple?
Ledger Nano X is the best cryptocurrency hardware wallet for ripple as they were the first wallet to sort out the Ripple’s tag issue while sending and receiving Ripple coins.
So that’s all from us in this detailed guide on best crypto hardware wallets that you can use to store your Bitcoin and altcoins.
Now you tell us: Which wallet do you think is the best? Are you using any of these wallets? Which wallet do you plan to buy to safeguard your cryptocurrencies?
Tell us in the comments below and don’t hesitate to question, we are waiting to hear from you 🙂
Hey there! I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India. Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit. You will find me reading about cryptonomics and eating if I am not doing anything else.
- Bitcoin Hardware Wallet Comparison in 2020