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The Best Hardware Wallets for Crypto 2021

The Best Hardware Wallets for Crypto 2021

Hardware wallets are one of the safest and most secure ways to store your bitcoin and other cryptocurrencies, especially for long-term holders who want to purchase and store crypto without frequent trading.

Hardware wallets, a form of cold wallet, offer crypto storage solutions that are resistant to hackers, as private keys are never exposed to an internet-connected computer like hot wallets. 

Hardware wallets store the Bitcoin offline and only connect to the blockchain when users want to make transactions.

The only big consideration when deciding whether a hardware wallet is the right crypto storage option to meet your needs is that it comes at a price premium compared to other storage methods, and that it is also slightly more technical to use.

This is because, unlike physical, mobile or web-based bitcoin wallets that are typically available for download or free use, hardware wallets must be purchased from a reputable source.

A hardware wallet is probably the safest way to store cryptocurrencies with an optimal mix between security and ease of use. But with so many models available, how do you know which is the best?

Trezor Model T (Most Secure)

Trezor Model T
 

Without a doubt, the most secure hardware wallet on the market today is the Trezor Model T. The Model T carries TREZOR’s excellent company reputation, with the introduction of a unique touchscreen that removes the need to type any sensitive information on your personal computer.

The Model T supports over 1600 coins and tokens, additionally, TREZOR’s code is completely open-source, meaning that anyone can verify that the device does what it says it does. 

This feature gives it another security boost from the crypto-community which is constantly monitoring the device’s development.

Trezor One (Most Affordable)

Trezor One
 

If you can’t afford the TREZOR Model T but still want to benefit from the company's reputation, consider the TREZOR One. This battle tested, older model is substantially less expensive, the trade offs being that it doesn’t support major coins such as XRP, XMR or EOS and it doesn’t have a touchscreen.
    

The Trezor One is a small and easy computer, bigger than the Ledger Nano S but still slim, with a full-length crypto address display on the phone. The 12 grams makes it the lightest wallet that we tested and it retails for approximately $75, making it really affordable.

Ledger Nano X (Most Versatile)

Ledger Nano X
 

The Ledger Nano X is probably the most versatile hardware wallet available, as it allows you to control the wallet from your mobile phone as well as from your computer.    

The Nano X also carries Ledger’s great company reputation, supports a similar amount of coins as the Model T and costs about 30% less, making it much more affordable. 

On the downside, it doesn’t offer a touchscreen and its code is not completely open source. 

The Ledger Nano X deals at about $120, approximately twice its predecessor's price. Ledger Nano X builds on its predecessor's protection with secure element technology to prevent hackers from robbing your assets.

This also refers to Bluetooth links, because there's a small risk that a criminal will hack into your computer wirelessly. 

All transactions must be authorised by the consumer on the device itself, so the device is at least as safe as the Ledger Nano S, and it's an all-round big hardware wallet.

KeepKey

KeepKey wallet
 

Finally, one other hardware wallet worth mentioning is the KeepKey. Owned by crypto exchange Shapeshift, KeepKey is a relatively affordable wallet that is beautifully designed and has gained enough market share to be given serious consideration.

However, when compared to the other options we’ve mentioned, KeepKey doesn’t offer any real differentiation. 

Furthermore, it supports a much smaller number of coins and tokens, it’s larger and heavier to carry.

This decrease in the number of supported assets of the KeepKey restricts what this wallet can support, supporting more than 40 coins including the main Bitcoin, Ethereum, Bitcoin Cash, DASH, Litecoin, Binance Coin & Bitcoin Gold cryptos. 

Even if it is high usability due to the huge screen of the KeepKey, it is a very large device weighing 54 grams that restricts its use on the go. Now the KeepKey retails at $79, which goes down from $239, the first time our other wallets have been issued.

With its price being more or less the same as the affordable TREZOR One, given the choice, we’d go with the TREZOR. That’s our top 3 picks for the best cryptocurrency hardware wallets.

Summary

All the wallets we’ve reviewed here are trustworthy and secure ways to store a range of cryptographic assets. 

But, you’re here to find out which hardware wallet is the best, and which wallet will get you the most value for money.

All in all, the Ledger Nano S provides the highest level of service, high-quality safety features, and a very strong price ranking. This is a well-proven and tested wallet with daily updates and a high level of Ledger support. 

The Ledger Nano S is the most common hardware bag ever created and is possibly still in existence at least in the short term. 

The Trezor One is a popular hardware wallet, although it has no high-asset or fashionable style like the Ledger Nano S, because of its realistic and long-lasting encryption-protection approach, it is a favorite for more technical cryptography.

KeepKey can be a good choice for people who use ShapeShift on a regular basis, but it certainly does not offer the best value for money and gives preference to style over substance in terms of portability and assets support.

Overall, the Ledger Nano S remains the best hardware wallet in the near future in terms of asset support, ease of use, money value and security.

Yulina Firmansyah
Yulina Firmansyah Hi, I am a wife who really loves crypto and blockchain technology, I am a writer for this blog.

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