7 Best Hardware Wallets: Most Secure Crypto Wallet Comparison

7 Best Hardware Wallets: Most Secure Crypto Wallet Comparison

Marcin Woźniak January 16, 2023
8 min read

2024

 

Cryptocurrency adoption is on the rise, with more people investing in digital assets like Bitcoin and Ethereum. To securely store your cryptocurrency, using a hardware wallet is highly recommended over keeping funds on an exchange. Hardware wallets are dedicated devices that keep your private keys offline, making them resistant to many cyber attacks.

This comprehensive guide compares the top hardware wallets to help you decide which one best fits your needs and budget. We’ll cover:

  • How hardware wallets work
  • The most secure and reliable models
  • Key features like compatibility, backup options, fees and more
  • Our top picks for different types of users
Best overall
LEDGER NANO X

LEDGER NANO X

  • Display - 128x64 px
  • Control - Two buttons
  • Dimensions - 72 mm x 19 mm x 12 mm
  • Weight - 34gr
  • Connection - Bluetooth e USB
  • Compatibility - Windows 8.1+, macOS 10.14+, Linux, iOS 13+, Android 7+
  • NFT support
Functional
TREZOR MODEL T

TREZOR MODEL T

  • Display - 240x240 px, color 
  • Control - Touchscreen
  • Dimensions - 64 mm x 39 mm x 10 mm
  • Weight - 22gr
  • Connection - USB
  • Compatibility - Windows 10+, macOS 10.11+, Linux, Android
Best price-quality
LEDGER NANO S PLUS

LEDGER NANO S PLUS

  • Display - 128x64 px
  • Control - Two buttons
  • Dimensions - 62.39mm x 17.40mm x 8.24mm
  • Weight - 21gr
  • Connection - USB
  • Compatibility - Windows 8.1+, macOS 10.14+, Linux, Android 7+
  • NFT support
Budget option
TREZOR MODEL ONE

TREZOR MODEL ONE

  • Display - 128x64 px
  • Control - Two buttons
  • Dimensions - 60mm x 30mm x 6mm
  • Weight - 12gr
  • Connection - Micro USB
  • Compatibility - Windows 10+, macOS 10.11+, Linux, Android

Which are the best cryptocurrency hardware wallets: here are our favourites after conducting a test

To give you a better idea of which cryptocurrency hardware wallets are the most reliable, functional and value for money, take a look at our top 5 cryptocurrency wallets below. When it comes to holding financial investments, we like to have a good idea before making the choice. After personally testing most of the wallets on the market, we arrived at these cryptocurrency wallet models.

Ledger Nano X is the best combination of reliability, ease of use and price Trezor Model T offers even more convenience with its colour touchscreen display and the same high level of security, but its price is higher, which is why we ranked it second. The newest model on the list – Ledger Nano S Plus offers the best value for money, but is not as comfortable as the first two models Ledger Nano S and Trezor Model One are particularly suitable for people looking for a lower price and for whom greater user comfort is not important. Find out which cryptocurrency hardware wallets on our list are suitable for you, depending on your preferences.

Important recommendation: If you are undecided about which wallet to choose, only buy from the official website of a representative brand. This is the only way to be sure that the wallet is original.

The 7 best crypto hardware wallets

  1. Ledger Nano X: best overall wallet
  2. Trezor Model T: most functional
  3. Ledger Stax: best premium wallet
  4. Ledger Nano S Plus: best for beginners
  5. Trezor Model One: budget option
  6. SafePal: best price
  7. Jade: most secure

Advantages and disadvantages of crypto hardware wallets

Advantages

  • You are the bank: full control over your cryptocurrencies
  • Full transparency: open-source software, hence no secrets
  • Secure environment: No connection to software from infected computers
  • Full control over fees: You can view and adjust fees
  • Portability: Portable everywhere

Disadvantages

  • More responsibility: You must keep your phrase very safe so that no one but you can access your cryptocurrencies

Top 7 Hardware Wallets Compared

Here’s an overview comparison of the top 7 hardware wallets on the market today:

Wallet Supported Cryptos Unique Features Price
Ledger Nano S Plus 1500+ Larger screen, Wallet chaining €79
Ledger Nano X 1500+ Bluetooth connectivity, large storage €149
Ledger Stax 1500+ Modular design, stacking €279
Trezor One 1650+ Open source, easy backups €59
Trezor Model T 1650+ Touch screen, 3rd party integrations €179
SafePal 1000+ Air-gapped transactions, wireless $50
Jade (by Blockstream) 150+ Open source, stainless steel €61

Below we’ll explore each of these top hardware wallet models in detail. We’ll cover their security, supported cryptocurrencies, unique features, and overall pros and cons.

Ledger Nano S Plus

The Ledger Nano S Plus builds on the popular Nano S with a larger screen and innovative “wallet chaining” feature. It’s an excellent mid-range choice with strong security and usability.

Here are the key features and specs of the Ledger Nano S Plus:

  • Supports: 1500+ cryptocurrencies including BTC, ETH, XRP, EOS, XLM, and more
  • Unique features: Larger screen, wallet chaining
  • Backup options: Recovery seed with optional passphrase
  • Security: Secure chip (CC EAL5+), PIN code, 2FA
  • Size: 62.39mm x 17.40mm x 8.24mm
  • Weight: 21g

The larger screen makes it easier to verify transactions, addresses, and other sensitive wallet details. Wallet chaining allows linking multiple hardware wallets to the same account for shared or corporate access.

Like all Ledger devices, the Nano S Plus leverages a certified secure chip alongside PIN and optional 2FA protections. Backups are handled via the recovery seed. It’s a robust mid-tier hardware wallet at a fair price.

Ledger Nano X

The Ledger Nano X is Ledger’s premium hardware wallet, providing a complete security solution for over 1500 cryptocurrencies. It builds on the success of the Ledger Nano S but adds Bluetooth connectivity and more onboard storage.

Here are the key features and specs of the Ledger Nano X:

  • Supports: 1500+ cryptocurrencies including BTC, ETH, XRP, EOS, XLM, and more
  • Unique features: Bluetooth connectivity, large storage, full color touchscreen
  • Backup options: Recovery seed with optional passphrase
  • Security: Secure chip (CC EAL5+), PIN code, 2FA
  • Battery: 100mAh (lasts several hours per charge)
  • Storage: Enough for 100+ apps at once
  • Size: 72mm x 18.6mm x 11.75mm
  • Weight: 34g

The Ledger Nano X packs in cutting-edge features like Bluetooth connectivity to use with your smartphone, and a capacious onboard storage. The color touchscreen enables intuitive control and transaction verification.

As you’d expect, it leverages Ledger’s proven security architecture with certified secure chip, PIN codes, backup recovery seeds, and optional passphrase protections. It’s an excellent premium hardware wallet for both beginners and professionals.

Ledger Nano X Pros:

  • Large storage capacity
  • Bluetooth connectivity is convenient
  • Supports a very wide range of cryptocurrencies
  • Intuitive touchscreen interface

Ledger Nano X Cons:

  • Expensive compared to other options
  • Battery needs recharging every few days

Ledger Stax

The Ledger Stax delivers a unique modular hardware wallet design. Multiple Stax devices can be combined together with LEGO-like stacking. This delivers flexible storage and access options for individuals or teams.

Here’s an overview of the Ledger Stax features:

  • Supports: 1500+ cryptocurrencies including all major coins
  • Unique features: Modular design, stacking, shared access
  • Backup options: Recovery phrase
  • Security: Secure element, PIN code, 2FA
  • Size: 38mm x 40mm x 12mm (per module)
  • Weight: 8g – 32g depending on modules

Each Ledger Stax module acts as a separate hardware wallet. But up to 3 modules can be physically stacked and synchronized to share access and balance. This creates interesting new possibilities for things like shared family finances, business accounts, inheritance planning, and more.

The modular design also allows users to tailor the Ledger Stax to their storage needs. Add more modules to support more cryptocurrency apps or accounts. Security remains robust with PIN, secure chip, recovery phrase and 2FA available.

Ledger Stax Pros:

  • Innovative modular and stacking design
  • Flexible storage and access configurations
  • Same wide coin support as other Ledger wallets

Ledger Stax Cons:

  • Considerably more expensive than single unit wallets
  • Sharing funds could pose risks if not managed properly

Trezor One

How can I store my Bitcoin, Ethereum, EOS etc. securely?

To protect your cryptocurrencies, there are three options: a paper wallet, a desktop wallet or so-called cryptocurrency hardware wallets. Hardware wallets are considered the best solution for storing and safekeeping, they are easy to use, fast and have the highest security standards currently achievable in the cryptocurrency industry.

Why do I need a crypto hardware wallet?

The golden rule of cryptocurrencies is: by controlling your private keys, you control 100 per cent of your cryptocurrency. You have to keep your private key, your cryptocurrency password, to yourself. You can write your private key on a piece of paper and keep it hidden. This technique is known as a paper wallet or cold wallet. You can also download a desktop wallet. For this you need a lot of space, because you are uploading all the information of the blockchain to your computer. An alternative to these paper methods is a hardware wallet from Ledger, Trezor or KeepKey, which securely stores private keys and keeps cryptocurrencies safe. The device is easy to use, can be taken anywhere and updates automatically. Be careful, keep cryptocurrencies as short as possible on cryptocurrency exchanges! The private key belongs to the exchange, not the user. Despite the convenience and ease, this option should be avoided. With a hardware wallet for cryptocurrencies, you are your own personal bank!

What exactly is a crypto wallet?

A cryptocurrency hardware wallet is a special type of bitcoin wallet that stores private keys on a secure device. It usually takes the form of a USB stick or is equipped with a USB interface. Using this interface, the device can be connected to a computer, laptop, tablet or smartphone. You could say that you store your bitcoins on a USB stick.

Data in text form cannot be transferred or stolen from this medium. Moreover, the wallet is immune to computer viruses that can be installed on your computer. The hardware wallet is an external, independent, secure and interactive environment that never comes into contact with potentially virus-infected software. The hardware wallet software is free and available to all users and is open source.

What is a crypto wallet for bitcoin?

The term cryptocurrency wallet or bitcoin wallet is usually synonymous with a general wallet in which cryptocurrencies can be stored. Hardware wallets do not only store bitcoin, but also many other cryptocurrencies such as Ethereum, IOTA, Cardano, Litecoin, Dash, Bitcoin Cash, Stellar, Ripple and others.

Cryptocurrency wallet testing

We tested the most popular hardware wallets for you. Which is the best cryptocurrency wallet is more a matter of taste. The functionalities, especially in Ledger and Trezor wallets, are very similar. We tested and compared the Trezor and Ledger wallets in the following articles Trezor hardware wallet review.

What should I look out for when purchasing a cryptocurrency hardware wallet?

The most significant attack vector for a hardware wallet would be the installation of third-party software on the terminal, not from the manufacturer. To avoid this scenario, it is important to order directly from the official website of Ledger, Trezor or KeepKey. Never buy a hardware wallet from ebay, ad sites or other online shops. When you receive the goods, also check that everything is in its original packaging.

The packaging is protected by a transparent film. Ledger and Trezor also have a seal. Finally, we can demonstrate how to write a so-called seed phrase ourselves. Seeds usually consist of 12 or 24 words in English, e.g. ‘house’, ‘cat’, ‘girl’, etc. If, when you purchase the wallet, the seeds are already written on the enclosed piece of paper, then something is wrong and you should no longer use this hardware wallet.

Which cryptocurrencies does a hardware cryptocurrency wallet support?

First of all, it depends on the solution used by the company in question (Ledger, Trezor, KeepKey). On the other hand, different models also support different cryptocurrencies. In general, however, it can be assumed that all major cryptocurrencies are supported by all hardware wallets tested. Furthermore, DApps (decentralised applications) based on the Ethereum ERC-20 standard are easy to maintain. For other cryptocurrencies, check with the manufacturer whether the hardware wallet supports IOTA, Cardano, Monero or Verge. As of this year, Ledger supports over 40 cryptocurrencies (+700 DApps) and Trezor supports around 50 cryptocurrencies (+450 DApps).

What happens to my crypto wallet if it is lost or stolen?

We will be the first to tell you: rest assured! Physical access by a third party cannot cause any physical damage unless the person knows the wallet’s 4-8 digit PIN or knows its seed (24 words to recover the device and PIN). If the thief or finder also has his PIN, he should replace access to your cryptocurrency with a seed (recovery) as soon as possible.

It is not necessary to enter a seed into the same device. You can enter via another hardware or desktop wallet that gives access to your cryptocurrencies. If they are still present, marry the cryptocurrencies to other addresses. Meanwhile, you can still create multiple PINs for different accounts. For example, an additional PIN can be added to Bitcoin Wallet 1, Bitcoin Wallet 2, Ethereum Wallet or Ripple Wallet 2, making the device even more secure. In general, hardware wallets are considered the safest way to easily store cryptocurrencies.

Ledger Nano S Plus Crypto Wallet

LEDGER NANO S PLUS

9.1/10

Compatibility Mac, Windows, Android, Linux, Chrome
Cryptocurrencies 40+; 700+ DApp Coins
Package Contents Nano S Plus; USB Cable; Manual; Recovery Card; Key Ring
Weight 21g
Dimensions 62.39mm x 17.40mm x 8.24mm
Controls Two Buttons
Connection USB-C

Security


Price


Ease of Use


Shop on Official Website »


Winner
Ledger Nano X Cryptocurrency Wallet

LEDGER NANO X

9.6/10

Compatibility Mac, Windows, Android, Linux, Chrome
Cryptocurrencies 40+; 700+ DApp Coins
Package contents Nano X; USB cable; manual; recovery card; keychain
Weight 34g
Dimensions 72 mm x 19 mm x 12 mm
Controls Two buttons
Connection Bluetooth, USB-C

Security


Price


Ease of Use


Shop on Official Website »

Marcin Woźniak

In 2018, Marcin first encountered blockchain technology and Bitcoin, which instantly captivated his interest. He possesses a profound passion for technological innovation and the ongoing digitalization of the financial sector. Marcin eagerly anticipates the transformative potential of blockchain on a global scale and is enthusiastic about contributing to this revolutionary movement.