Obviously everything has its pros and cons: just like you can “lose” a software wallet if the storage device you had it in breaks, a hardware wallet can also crash, which is why in these things – it is always advisable to have the information stored in duplicate or even in triplicate, such as for example having a software wallet at the same time as a hardware wallet.
What are the advantages of hardware wallets?
The main benefit of this type of device is having the security that your currencies are stored securely and offline, which means that they will be completely out of the reach of third parties, including hackers and third party companies. Unlike software wallets, which are nothing more than an app you install on your PC and essentially create a file with your cryptos in them, these hardware wallets don’t require any other device to securely store your values.
Indeed, this type of device can have the disadvantage that, as an external element, you could break it or lose it (and this is why we always recommend having a duplicate on another medium, like a software wallet), but the advantage is that even if it h as been stolen Or if you lose it and someone finds it, they will not be able to access your cryptocurrencies, as these would be protected by algorithms encryption and, in some devices, even by other systems such as PIN codes or biometric systems.
In short, the advantage they offer is that they can store cryptocurrencies in a secure and virtually tamper-proof manner, and offline so that no one other than you can access them.
What to look for in the best hardware wallets
Obviously this will depend on your needs, so the first thing you need to look for is that the wallet is compatible with whatever cryptocurrencies you want to store in it because not all of them are compatible with all and, in fact, most of them. they are only compatible with the most popular such as Bitcoin and Ethereum.
The second thing you need to look for in order of importance is that these are tough devices, because as an external element they can take bumps, drops and crashes, so the more durable they are, the better. In addition to that, you have to take into account the means of connection that you have, because although most have USB, some also have integrated, for example, Bluetooth.
Beyond that, you should evaluate the security measures to protect the information they contain, and other features like having a touchscreen that shows you information so you don’t have to connect the device to a PC to check. its content or to carry out transactions with it.
The best hardware wallets you can buy
Next, we’ll tell you which are the best hardware wallets that we believe you can buy today. Among them you will find various features (which we will obviously tell you about), compatibility and security methods, but in any case you can be sure that with one of them your cryptocurrencies will be completely secure and offline.
Model T chest
Considered by experts to be one of the most secure and versatile hardware wallets on the market, the Trezor Model T is a bestseller despite its high price tag as it offers full encryption on its contents, including the ability to set a PIN code on its touch screen. In addition, your USB connection is only initialized after successful authentication, making it impossible to access your content without it.
It incorporates a color LCD touchscreen that displays all the information you need and connects to the PC via a USB-C port for maximum compatibility with modern devices. It has a magnetic docking station for added convenience.
Este monedero por hardware soporte Bitcoin, Litecoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, Dash y Zcash.
This other wallet has all the security features of the previous one, but its screen is not touch-sensitive (instead, it has two buttons for moving through menus). It features the latest crypto algorithms so your data never leaves the wallet if you don’t want it, it connects via USB to the PC and offers compatibility with the same cryptocurrencies as the Model T we have seen before.
Ledger Nano S
After the Trezor Model T, it is the best-selling hardware cryptocurrency wallet. In the form of a USB stick, it allows you to send and receive cryptocurrencies securely and easily, keeping the keys protected at all times. It is obviously connected via USB and the data is stored inside a highly insulated secure chip protected by an 8-digit PIN code.
Additionally, it is one of the hardware wallets that offers greater compatibility, as you can store over 30 different cryptocurrencies and all existing ERC20 tokens in it.
Crypto SecuX W20
This hardware wallet has a full set of security features including a dedicated chip isolated from everything else to prevent unauthorized access even if your device is lost or stolen. Its main feature is the large 2.8 inch LCD touch screen that shows you your cryptocurrencies in real time and allows you to use them; connects to PC via USB and / or Bluetooth and is compatible with Bitcoin, Ethereum, XRP, Ripple, Litecoin, Bitcoin Cash, Digibyte, Dash, Binance, Dogecoin, GRS, Stellar Lumens and over 1,000 ERC20 tokens.
Archos Safe-T Mini
It’s one of the simplest and smallest hardware wallets out there, but it’s still capable of isolating your crypto keys offline to keep all of your assets safe. It is compatible with Electrum and MyCrypto and supports over 75% of all existing cryptocurrencies including Bitcoin, Bitcoin Cash, Bitcoin Gold, Dash, Litecoin, Ethereum, and ERC20.
It incorporates an electronic ink display large enough to display all the information you need and incorporates two physical buttons to be able to operate it.
This e-wallet is really small (34 x 21 millimeters) and only weighs 6 grams, but that doesn’t mean that it is not secure as it also incorporates a dedicated security chip. The special thing about this device is that it does not connect via USB but works in conjunction with an app for the smartphone to which it connects via Bluetooth.
It supports most cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Tether, Binance, Horizen, ICX and all ERX20.