Hardware wallets are essential for every crypto trader or owner, without a doubt; consequently, we’ve previously reviewed the best hardware wallets. But, which one is the best?
Firstly, before talking about hardware wallets, we need to know what are seed phrases. For security reasons, a seed phrase or backup seed phrase is a list of words that store all the information required to recover your funds. Once you start a wallet, it generates your seed phrase. If you lose your list, you’ll lose your wallet forever. There’s no way to recover it or protect it from thieves.
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Table of Contents
- What are Hardware Wallets?
- Why Are Hardware Wallets Better Than Web Wallets?
- Best Hardware Wallets Available.
- Our Choice of the Best Hardware Wallet.
What are Hardware Wallets?
A hardware wallet is a device that stores and secures your seed phrase from hackers, attackers, and viruses. Unlike web wallets, also known as hot wallets, cold wallets are in complete isolation from the outside world in most cases. Each manufacturer chooses a way to make transactions; some use USB connections, others use Bluetooth or QR Code.
Why Are Hardware Wallets Better Than Web Wallets?
In general, hardware wallets are much better than hot wallets for many reasons; the most simple is that cold wallets are always away from hackers; as long as you have the official firmware installed. In the following part, we’ll suggest the safest hardware wallets that we’ve reviewed and show you our best choice of them.
On the one hand, if your device is compromised by a virus that targets crypto wallets, your web wallet is more likely to get compromised even if you have the best antivirus software installed. On the other hand, cold wallets store your seed phrase on cold storage, which viruses can’t access.
Best Hardware Wallets Available.
Ledger
Secure your crypto assets such as Bitcoin, Ethereum, XRP, Monero and more. Give yourself peace of mind by knowing that your cryptocurrencies are safe.
Trezor.
Trezor is the world’s first and most secure cryptocurrency hardware wallet. Your information is kept safe and never stored on servers.
Keystone
100% Air-gapped QR code communication hardware wallet for Bitcoin, Ethereum, EOS, Tron, and 1000+ crypto.
Bitbox02
The BitBox02 features a dual-chip design with a secure chip. The source code has been independently audited by security researchers and is fully open source.
KeepKey
A KeepKey-secured platform built to handle all of your crypto needs. KeepKey is the premier wallet in the new ShapeShift Platform.
CoolWallet
CoolWallet is one of the most secure crypto hardware wallets for Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and ERC20 Token.
Ellipal
Ellipal is a hardware wallet that’s in complete isolation from the world. You only need an Ellipal device and a mobile app to access your wallet.
SafePal
SafePal securely stores your crypto assets in the most simple and easy way. Truly mobile-friendly, supporting major cryptocurrencies like Bitcoin, BNB, Ethereum and more.
GridPlus
The GridPlus Lattice1 and SafeCards use uncompromising security to enable the most secure cryptocurrency storage ever created.
Prokey
Founded in Malaysia since 2019 by a highly experienced group of IT professionals who combined the latest hardware and software technologies to build the most secure and simple hardware wallet for cryptocurrencies.
Our Choice of the Best Hardware Wallet.
After reviewing the previous hardware wallets, Keystone convinced us that it’s the most secure hardware wallet, but why is Keystone safe?
Why Is Keystone the Best Hardware Wallet?
Completely Air-Gapped: Unlike many other hardware wallets with USB ports and Bluetooth, Keystone is in complete isolation. The device stores your private keys on cold storage, and for making transactions, you need to scan the QR code displayed on Keystone’s screen.
Water Resistant: We can think of more than one scenario in which your wallet may be exposed to water. Whatsoever, Keystone is water-resistant and reaches IP68 standards, which means it is resistant to submersion up to a maximum depth of 1.5m underwater for up to thirty minutes.
Impact Resistant: In case the device fell, or something dropped on it, the complete device with the body and battery implanted into the case can resist up to 20 joules of impact, which is equal to the force of a 5 kg mass dropped from 400 mm above the impacted surface.
Open-Source Firmware: You can view Keystone firmware source code; therefore, you can make sure that your device is clean. Also, that makes detecting bugs and fixing them much faster.
Wide Support of Cryptocurrencies: Indeed, Keystone supports most coins out there like Bitcoins, Ethereum, Ripple, and more. Also, you can check the complete list here.
Fingerprint: For additional security, you can unlock the Keystone device and confirm transactions using a fingerprint instead of typing PIN.
Eventually, to learn more about Keystone or any other hardware wallet, make sure to check their reviews in our hardware wallets section.
Also, make sure to connect with us in the comments section below. Let us know your thoughts on Keystone or your current hardware wallets.
