With new waves of technology coming in and out of the online systems, cryptocurrency has stayed around for the last few years in the public eye. Whether or not you are a seasoned cryptocurrency user, or a new user, you may be familiar with hardware wallets to store your digital cash securely. It is mainly used for those who plan to hold onto this currency for long lengths of time to watch it grow and flourish.
Using hardware wallets is a better option for cryptocurrency users as it keeps your money in a physical lock rather than a firewall that can be hacked into. These wallets can be protected by PIN’s, biometric finger scans or manual buttons that only you know about to keep your money safe. There are many different hardware wallets on the market and we have compiled a list of hardware wallets varying in price, lock style and user-friendly styles for you.
Best Crypto Wallets
As we have seen there are many different hardware wallets that are flooding the market for all cryptocurrency users, and there are many different reasons as to why you may pick a particular wallet over another. There are some specific features you should look out for when picking the perfect wallet for you.
If portability is important to you, definitely check out hardware wallets that can be used in and out of the home. Hardware wallets that are bluetooth-enabled like the Nano X and the D’Cent Biometric Wallet are easy to use outside of the house as you don’t need to worry about connections to your phone. However, a hardware wallet like the TREZOR One can connect to a mobile device via a cord and the Sugi Wallet uses the chip within the card, so they take a little more time but are still portable.
Not all hardware wallets may support your chosen cryptocurrency. If you use coins and tokens from leading companies like Bitcoin, all of these hardware wallets will support these coins and tokens, however other wallets may not support your chosen crypto. Definitely double check before purchasing your chosen hardware wallet.
Prices vary within this list from $60 to over $150. Assessing your budget and what specific hardware wallet you want to invest in is incredibly important. If you want a wallet that can hold a near unlimited amount of different coins and tokens, then spending the extra money for a hardware wallet like the TREZOR Model T may be a smart option, or if you only need a few different coins and tokens, the Nano S may be the best affordable option for you.
There are so many different hardware wallets out on the market that anyone interested in or already using cryptocurrency should invest in. So many people hold their coins and tokens on their devices without additional protection and that is where these wallets come in handy. Definitely do your own independent research into which hardware wallet is perfect for you, by looking into supported currencies, portability and ease of use. There is no better way to protect your precious cryptocurrency than with a hardware wallet.
A hardware wallet is a small device that can look similar to an adaptor for your computer or a flash drive/USB that holds your cryptocurrency like Bitcoin. These wallets are protected with additional codes, sometimes fingerprints or phrases that keep your online money safe from theft and hackers.
No, it isn’t necessarily required to have a hardware wallet if you are looking to invest into cryptocurrency. Due to the nature of others and security and protection for your funds, hardware wallets are highly recommended for not only seasoned crypto users, but also newcomers who want to keep their currency safe.
Each hardware wallet comes with what is known as a recovery seed. These recovery seeds are ways to access your cryptocurrency and remove it from the wallet and move it all to a new wallet or secure place. It is important to not lose this recovery seed as if the unfortunate happens and your wallet is lost or stolen you cannot access your crypto without the recovery seed.