Are you tired of losing all your highly sensitive cryptocurrencies to hackers? Are you looking for the safest way to secure your keys for all your cryptocurrencies in one place? Are you an investor looking for a new crypto wallet?
If yes then you have just steered your boat on the right coast!
For investors, entering the cryptocurrency universe is both exciting and terrifying. Due to a rise in the number of security breaches in the past few years, investors are looking for a way to store all their private keys.
For this reason, a number of software-based and hardware devices have been developed to aid the investors. Both of these devices are highly secure and relatively convenient to use! However, it has been noted that some hackers were able to hack into software, stealing valuable investor information. As a result, hardware devices are now being chosen by more investors.
These hardware devices can be connected to your smartphones and personal computers via USB or Bluetooth connectivity. These devices are able to provide cold storage for your private keys and tokens as they are kept offline for most of the time.
Your digital currency keys are protected by a variety of security features in hardware wallets! They are secured by a PIN and frequently include additional security features like buttons on the device for manually verifying transactions and a screen for viewing transaction details.
Anyone who intends to make significant investments or hold crypto for an extended period of time is strongly advised to store the private keys to their crypto assets in cold storage on a hardware wallet.
There are numerous cold wallets available, making it difficult to choose one for your crypto storage needs! The extensive market research can be exhausting and time-draining for you.
Well, you need not worry any longer because we have compiled a list of some of the best cold storage wallets with their key features, prices, and fors and againsts so that you can easily choose the best one!
Scroll down to view the list on your own!
What Are Crypto Wallets?
Cryptocurrency wallets are applications or devices that function as a wallet for your cryptocurrency. As it is used in a similar manner to a wallet in which you store cards and cash, it is known as a wallet. It stores the passkeys you use to sign for your cryptocurrency transactions and provides the interface that allows you to access your cryptocurrency instead of these physical items.
Crypto Wallets: Importance
Cryptocurrency wallets technically do not store your cryptocurrency, unlike traditional wallets, which can hold actual cash. Your holdings are stored on the blockchain, but only a private key can access them. You are able to conduct transactions and demonstrate ownership of your digital currency with your keys. You won’t be able to access your money if you lose your private keys. Because of this, it is essential to use a reputable wallet provider or to safeguard your hardware wallet.
How Safe Are The Cold Crypto Wallets?
Cold wallets are safer than hot, software-based crypto wallets for storing cryptocurrency. Since software wallets are programs on a computer, there is still a small chance that an online hacker can get into hot wallets, but cold wallets have more security features.
You can manage risk by storing the majority of your funds in a more secure offline wallet if you trade a lot of cryptocurrencies. Furthermore, you could restrict the amount of money that can be accessed through less secure platforms like exchanges.
Crypto Wallets: Usage And Benefits
Users can validate an account balance in a cryptocurrency wallet to see how much cryptocurrency they own. Users can send and receive cryptocurrency transactions using a crypto wallet, which is similar to how a traditional bank account allows for transactions. Private keys can be stored in a crypto wallet, keeping your cryptocurrency safe and easily accessible.
Crypto wallets are needed for a number of essential functions that facilitate the practical application of cryptocurrency, such as the following:
- Control over cryptocurrency- Users can keep track of their cryptocurrency assets’ balances using crypto wallets.
- Transactions- Sending and getting digital money installments is a significant component of crypto wallets.
- Connection to apps that are decentralized (dApps)- To connect to Web 3.0 dApps and interact with them, you need a crypto wallet.
- Identities for user names- A blockchain is used to store all cryptocurrencies. Transactions using a username that can be linked to a blockchain’s public key address are made possible by a cryptocurrency wallet.
- Management- On the blockchain, cryptocurrency can be found as a public key address. Users can manage the private encryption keys used to access an address and enable a transaction with the assistance of a cryptocurrency wallet.
Crypto Wallets: Types
There are two main types of crypto wallets: there are hot and cold wallets.
1. Hot Wallets:
Hot wallets use keys (a type of cryptography similar to a password). They are less secure than cold wallets because they are created or stored on a connected device.
2. Cold Wallets:
A cryptocurrency storage solution that is not connected to the Internet is known as a cold wallet. They use a physical medium, typically a USB stick, and are also known as hardware wallets. Because it would require hackers to have access to your device and the PIN/Password that is associated with it, it is regarded as the most secure type of cryptocurrency wallet.
Also Read: Best Crypto Advertising Networks:
What Should You Look For In A Crypto Wallet?
The flexibility of crypto wallets to be interoperable between different exchanges, wallets, and currencies will determine the flexibility of making transactions whenever you like!
Here are some of the questions you can ask yourself while searching for the best Crypto wallets:
- What types of assets does this wallet support?
- Which currencies does this wallet support?
- What is the price tag of different wallets?
- Can I stake my crypto through this wallet?
- Will I be able to lend cryptocurrencies easily?
- Does this wallet give visibility over live charts?
The Most Popular Crypto Cold Wallets 2024:
A curated list of the Best Cold Wallet Apps in 2024 that are extremely secure and simple to use is provided below:
- Ledger Nano X
- Trezor Model T
- Ledger Nano S Plus
- Ellipal Titan
- SafePal S1
- Keystone Pro
- KeepKey
- Ledger Stax
- Atomic Wallet
1. Ledger Nano X– Overall Best Cold Storage Wallet:
Price: $149
Ledger is probably the most well-known hardware wallet manufacturer in the world. Large corporations as well as thousands of individual investors around the world have entrusted Ledger. The company’s flagship hardware wallet, the Ledger Nano X, ranks among the best crypto cold wallets.
Users of mobile devices can use their wallets on their phones to manage, exchange, and buy crypto while on the go. Therefore, you can still trade effectively from your Android and iOS devices even if you do not have access to a laptop! It is supported by Ledger Live software that lets you send and receive currencies and check your balance. Even coin staking is supported in Ledger Live, allowing you to earn rewards based on your balance.
Although the Nano X setup process is fairly straightforward, it can certainly be somewhat perplexing for novice users. The device is secured by a series of 24 random words and a pin set forth by the user. This indicates that even if a bad actor obtained physical access to the ledger device, they would still require either the recovery phrase or the 6-character pin to control any funds.
Pros | Cons |
Supports 5500+ cryptocurrencies | Pricey exchange features |
A secure storage platform on a budget | Only provides maximum storage of three applications |
Provides storage accessibility for 3 to 20 different apps | |
Supported by ledger live software | |
In-built exchange |
Key Specifications:
- Type of Wallet- Cold Wallet.
- Security certificate- CC EAL 5+
- Supported coins- 5500+ coins, including Bitcoin, Litecoin, Dogecoin, Ethereum, LINK Chainlink, etc.
- Built-in Exchange- Yes
- Connectivity- Bluetooth and USB-C cable
- Stack support- Yes
2. Trezor Model T– Best Wallet For Experienced Users:
Price: $74.99 and $299.99
The Trezor One and the Model T are the two products that the company sells; however, there are a few key differences between the two wallets that you should be aware of. First, ADA, XRP, XMR, EOS, and XTZ are among the major cryptocurrencies that Trezor One does not support. However, the Model T does support the aforementioned assets, so investors should always think about the cryptocurrencies they intend to store before purchasing.
Additionally, the Model T has expandable storage, whereas the One does not. This means that the Model T can store more assets than the One. The One and the Model T are extremely secure devices that adhere to the same security principles as Ledger. The physical device, which still requires a pin to enter, must be present for funds to be accessed.
From the Trezor web interface, this cold wallet gives users instant access to third-party exchanges like CoinSwitch and Changelly. With your Model T, you can also use the novel Shamir backup system, which divides your recovery phrase across multiple recovery shares that can be stored in different places for extra security.
Pros | Cons |
Provides multi-sig protection for your bitcoin | Small touchpad |
Provides facility for anonymous transactions | Higher price tag than Ledger |
Highly secure offline storage | |
Supports more than 1800 cryptocurrencies. | |
Provides unlimited wallet storage |
Key Specifications:
- Type of Wallet- Cold wallet
- Security certificate- CE and RoHS certified.
- Supported coins- 1800+ including Bitcoin, Ethereum, Ripple, HEX, etc.
- Built-in exchange- Yes
- Connectivity- USB-C
- Stack support- No
3. Ledge Nano S Plus– Best Value Hardware Wallet:
Price: $79
One of the best cold wallets that Ledger introduced is the Ledger Nano S Plus. It has the same high level of security as the Ledger Nano X and most of the same features, but it costs nearly half as much. One of the first cold wallets that work with more than 1800 cryptocurrencies.
There is enough storage on the Nano S Plus to create wallets for a limited number of cryptocurrencies at once. Additionally, the Nano S Plus is compatible with Ledger Live’s staking and cryptocurrency exchange features, as well as cold storage for 5,500 crypto coins, tokens, and NFTs.
Since the Nano S Plus lacks Bluetooth functionality, this hardware wallet will likely meet all of your requirements if you are content with safe offline storage of your private keys and do not require such on-hand access to your assets.
Pros | Cons |
Can run up to 100 blockchains simultaneously | It is limited to only 18 applications |
Can be synced with third-party software | Operating is confusing for the new users |
You can manage over 5000 cryptocurrencies | |
Offers Ledger live app features for maximum security |
Key Specifications:
- Type of wallet- Cold wallet
- Security certificate- CC EAL 5+
- Supported coins- BTC, ETH, XRP, BCH, DOT, LTC, TRX, EOS, XLM, ADA, etc.
- Built-in exchange- Yes
- Connectivity- USB- Micro B
- Stack support- Yes
4. Ellipal Titan:
Price: $139
Ellipal Titan’s air-gapped hardware wallet security is well-known. When in an air-gapped state, the Ellipal hardware wallet is physically, electromagnetically, and electrically isolated from all other networks.
Ellipal Titan’s Ellipal app uses QR codes to sign transactions, whereas other hardware wallets use USB or Bluetooth. In point of fact, the Ellipal Titan circuit board was made to prevent any and all physical connections, including cellular, Bluetooth, and Wifi. It has a color touch screen that is 4 inches wide, making it easy to set up and keep track of all the real-time transactions.
Its anti-tamper self-destruct feature protects your device from online and offline threats. If it detects a forced intrusion, it will destroy all information; including private keys in it. Obviously, if something goes wrong, you always have the recovery seed to get your coins back. This feature is quite useful!
Pros | Cons |
Fast backups | The choice is limited for stacking coins |
Setting up your account takes less than 3-minutes | |
Dust-free and waterproof hardware | |
Fully air-gripped device | |
Automatically removes all your data in case of any breach | |
Supports over 10,000 tokens | |
Large screen that is easier to use. | |
Supports 41 Blockchains |
Key Specifications:
- Type of Wallet- Touchpad-equipped cold wallet
- Security Certificate- CC EAL 5+
- Supported Coins- 41 Blockchains and 10,000+ Tokens supported
- Built-in exchange- Yes
- Connectivity- No wifi or USB-C for transactions. This wallet uses QR codes.
- Stack Support- No
5. Safepal S1– Wallet With Investment From Binance:
Price: $50
SafePal S1 wallet is created by the Binance labs. This wallet gives you access to 54 distinct blockchains, just like Binance does. This means that you can store as many cryptocurrencies as you want. The device does not support connections via Bluetooth, WiFi, or NFC because it is designed entirely offline.
The Secure Element chip, which is used in the more expensive Ledger hardware wallets, is present in the device, but it is significantly less expensive. It makes it simple for users to add and remove assets from the device and supports almost every cryptocurrency, including some cryptocurrencies that are still in their infancy. The SafePal S1 has a 400mAh battery, which SafePal claims will last about 20 days, which is surprising for a device priced at under $100.
The SafePal S1 is a well-rounded gadget with a lot to offer for the money. However, some reviews have concluded that sending transactions on the device can be challenging and that some users have had trouble setting it up. Nonetheless, it is a useful tool for investors on a tight budget.
Pros | Cons |
Relatively affordable than competitors | Limited coin support |
CC EAL 6+ security certification | The activation process is somewhat complex |
Self-destruction in case of any breach detection | Sending transactions can be confusing for new users. |
Air-gapped signing mechanism | |
24/7 customer support | |
100% offline fully cold storage wallet |
Key Specifications:
- Type of wallet- Cold wallet
- Security Certificate- CC EAL 6+
- Supported Coins- 34 blockchains and 30, 000+ tokens BTC, ETH, XRP, LTC, XLM, TRX, DOGE, DOT, POLYGON, ADA, etc.
- Built-in exchange- Yes
- Connectivity- Bluetooth
- Stack Support- No
6. Keystone Pro– Best For Security:
Price: $169
A completely air-gapped cryptocurrency hardware wallet, the Keystone Pro (formerly the Cobo Vault Pro) features a four-inch touchscreen, open-source firmware with a fingerprint sensor, and PSBT Bitcoin multi-sig support for additional protection against malicious attacks.
Keystone is a cold wallet that complies with BIP 32, 39, and 44. QR codes can be used to sign transactions. It is one of the best crypto wallets because it has improved visibility and reduced the likelihood of malware interruption. The Keystone Pro hardware wallet is completely air-gapped, requiring additional software to connect to blockchain networks.
The wallet batteries of the Keystone Pro are detachable to prevent corrosion, and they are compatible with AAA batteries in both the Essential and Pro versions. As a result, you won’t have to worry about any battery failure at all. The Keystone Pro also comes with a battery that can be charged.
Pros | Cons |
Provides self-destruct mechanism in case of breach | The coin swap is not as simple as the competitors |
Integration for direct swap between different currencies within the software. | |
Offers a recovery phrase backup card. | |
Sign your transactions with the help of a fingerprint sensor |
Key Specifications:
- Type of wallet- Cold wallet
- Security certificate- CC EAL 5+
- Supported coins- 34 Blockchains and BTC, ETH, XRP, LTC, XLM, TRX, DOGE, DOT, POLYGON, ADA, etc.
- Built-in exchange- No
- Connectivity- USB-C cable and Bluetooth
- Stack support- No
7. KeepKey– Affordable Storage Wallet:
Price: $49
Most people don’t have hundreds of dollars to spend on a cold wallet for bitcoin. However, Keepkey from ShapeShift provides the same excellent hardware wallet security at a price that is nearly half that of the larger brands.
Keepkey can only generate a 12-word recovery phrase, and when plugged into a computer via USB, users can manage their funds on the Shapeshift Platform. There are less than 50 cryptocurrencies that the KeepKey wallet supports. Even though this shouldn’t be too much of a problem for most investors, it’s important to make sure it can store the assets you want.
Additionally, the Keepkey wallet lacks integration with numerous web 3 wallets, such as Metamask, preventing users from interacting with numerous DeFi applications. Keepkey can be paired with MyEtherWallet to enable support for any ERC-20 token, and it natively supports Bitcoin, Bitcoin Cash, Bitcoin Gold, Dash, Dogecoin, Ethereum, Kyber Network, Litecoin, and DigiByte.
Pros | Cons |
Well-designed wallet | It does not support many assets |
Relatively affordable than competitors | |
Simple to use | |
In-built exchange |
Key Specifications:
- Type of wallet- Cold wallet
- Security certificate- Not available
- Supported coins- Supports less than 50 cryptocurrencies
- Built-in exchange- Yes
- Connectivity- USB-C cable
- Stack support- No
8. Ledger Stax– Stylish Cold Storage Wallet:
Price: $279
Ledger’s most recent hardware wallet is the Ledger Stax. It will be shipped by April 2023 and is available for pre-order. It has a new level of usability while maintaining the same level of security as Ledger’s other wallets, such as the Nano X and the Nano S Plus.
The Ledger Stax, designed by Tony Fadell, who also created the iPod, is Ledger’s most visually appealing product to date. Compared to previous Ledger wallets, this one has a touchscreen that makes signing transactions easier. You can use the device cordlessly with your Android or iOS mobile device because it supports Bluetooth.
By utilizing your Ledger Stax in conjunction with a third-party wallet, you will be able to broaden the selection of supported assets. You can manage over 5,000 coins, tokens, and NFTs on multiple blockchains with this. When you use your Ledger Stax in conjunction with Ledger Live, you will be able to manage NFTs on the Polygon and Ethereum blockchains. When you use this wallet in conjunction with a third-party wallet, you can also manage NFTs on a number of other blockchains.
Pros | Cons |
Stylish design | Higher price tag |
Bluetooth enabled wallet | |
Large touchscreen | |
Clear-signing methods to prevent phishing attacks and hackers | |
Highest level of security against penetration tests |
Key Specifications:
- Type of wallet- Touchpad equipped cold wallet
- Security certificate- CC EAL 5+
- Supported coins- 500+ coins and tokens when you use your Ledger Stax
- Built-in exchange- Yes
- Connectivity- Bluetooth.
- Stack support- No
9. Coldcard Mk4– Best Hardware Wallet For Bitcoins:
Price: $147.99
Cypherpunks, technologists who advocate for privacy-enhancing cryptography, created the COLDCARD Mk4 for Bitcoin maximalists. The COLDCARD Mk4 is a specialist Bitcoin cold storage wallet that does not have as many features as Ledger or Trezor devices, but it does keep your BTC private keys safe offline.
You can use the device without connecting it to the internet because it is protected by not one but two Secure Element chips, which are the same chips found in credit cards and passports. You can only store the private keys to your Bitcoin (BTC) with the COLDCARD Mk4. Private keys to altcoins or NFTs cannot be stored in this way.
This wallet allows for multiple pin creations. You can send Bitcoin to and from your COLDCARD Mk4 by utilizing the desktop software Sparrow Wallet and a microSD card without ever plugging the device in. If you intend to transfer data in this manner, the obvious drawback of this is that you will need to acquire a computer adapter for a microSD card.
Pros | Cons |
This wallet is multi-sig enabled | You will have to purchase a microSD card |
It does not require a connection to a computer | Less intuitive user interface. |
Highly secure wallet | Only supports BTC |
Comes with a high-contrast pixel screen for messaging | |
Contains 2 highly secure element chips |
Key Specifications:
- Type of wallet- Cold wallet
- Security certificate- The COLDCARD Mk4 uses two Secure Element chips — from two different manufacturers
- Supported coins- only permit you to store the private keys to your Bitcoin (BTC)
- Built-in exchange- Yes
- Connectivity- USB-C
- Stack support- No
10. Atomic Wallet– Software-Based Cold Storage Wallet:
Price: $0
Over 4 million people all over the world rely on Atomic Wallet, which is completely free! Even though it may not be as secure as a Ledger or Trezor cold wallet, it is a good option for investors who don’t like having to physically access their funds.
Investors have complete ownership and control over their assets due to the wallet’s decentralized and non-custodial nature. Having complete ownership of funds is a significant advantage considering the number of platforms that are suspending withdrawals at the moment. Atomic Wallet is software that works on a lot of different platforms, like Android, iOS, and Windows.
Additionally, Atomic provides a built-in cryptocurrency exchange that makes crypto trading a breeze. Investors can earn up to one percent cashback on their purchases, which is a nice bonus, but the exchange’s fees are a little high (a common theme among wallet exchanges). despite the fact that it may not be as technologically advanced as cold wallets like the Ledger or Trezor. However, due to the fact that there are no upfront costs, it merits inclusion on our list of the best cold wallets for cryptocurrency.
Pros | Cons |
Completely free | Higher exchange fees |
Provides cash-back transactions | Relatively less secure than other hardware wallets |
Decentralized | |
Relatively easy to use than many competitors | |
In-built exchange | |
Non-custodial |
Key Specifications:
- Type of wallet- Software-based non-custodial wallet.
- Security certificate- Not available
- Supported coins- 500 cryptocurrencies – including Bitcoin and a broad selection of ERC-20, BEP-20, and TRC-20 tokens.
- Built-in exchange- Yes
- Connectivity– Not available
- Stack support- Yes
Best Cold Wallets: Basis Of Our Shortlist
It is challenging to select a cold wallet for your crypto storage requirements because there are numerous cold wallets on the market!
Here are some of the variables that our shortlisted options were assessed upon:
Supported Coins
The long-term storage of coins is one of any cold wallet’s primary functions. Therefore, the best long-term cryptocurrencies must be supported by a wallet. It’s worth keeping if the specific coins you want to store are supported by a wallet, as every investor is unique.
Price Tag
When choosing the best cold storage wallets, the cost should always be taken into consideration. A budget can be a good idea because it makes no sense to spend $300 on a wallet to store $100 worth of crypto. Before purchasing any assets, it’s also a good idea to check the fees on those platforms because some wallets come with built-in exchanges.
Security
Security is typically the top concern for investors when deciding whether or not to use cold storage. The last thing anyone wants is to lose their cryptocurrency, especially if it was not their fault. This is especially true after meticulously building a portfolio of promising cryptocurrencies. As a result, you must choose a wallet with a high level of security. It’s worth checking to see if a potential wallet comes from a reputable vendor, is completely offline, and does not have custody.
Convenience
It will be more of a burden than a benefit to use a wallet that is cumbersome to use! The most useful wallet is convenient to use as well as secure. If a wallet is difficult to use and takes a long time to master, you should probably steer clear of it.
Which One Is The Best Cold Wallet?
Choosing the best wallet boils down this question to many features!
A good hardware wallet should, in general, be simple to use, compatible with a variety of devices, and driven by security features like two-factor authentication. The manufacturer’s dependability and the support system are two additional aspects. Before going cold, it’s a good idea to write down your preferences and do your own research.
Conclusion:
We’ve looked at the best cold storage wallets on the market, talked about what a cold storage wallet is and how it works, and even made it easy for investors to choose the wallet that best suits their needs.
You should now feel confident selecting your first cryptocurrency wallet app, or possibly your next one. The best digital wallet apps are constantly evolving, and their support for new cryptocurrencies is constantly expanding.
Scroll up to comb through your options!