7+ Best Hardware Wallets of 2022 (Secure Your Bitcoin & Crypto)

Apr 14, 2022
70 People Read

Bitcoin, Ethereum, and other cryptocurrencies have seen a meteoric rise in value in recent years, with the potential to make you a fortune with digital real estate.

But with great potential comes great risk: if your cryptocurrency is stolen or hacked, you will never see that money again! That's why it's crucial to securely store your crypto assets. 

This is where a hardware wallet comes in.

A hardware wallet is simply a physical device much like a USB drive, that stores your private keys offline. This makes it impossible for hackers to steal your Bitcoin as they would need to access your wallet physically in order to get to tokens, a fail-proof safeguard.

But what is the best hardware wallet that you can get your hands on? 

In this post, I'll review the best hardware wallets for safely securing your DeFi adventures so that you can make an informed decision on which one is best for you to use.

Later down I'll also cover everything you need to know about cryptocurrency wallets, and answer frequently asked questions.

Without further delay, here they are!

What are the best hardware wallets?

These are the most secure and top-of-the-line hardware wallets that you can get your hands on today.

| 1. Ledger Nano X

Best overall hardware wallet

The Ledger Nano X is one of the most popular and aesthetically pleasing hardware wallets that are also easy to use. Compared to the Ledger Nano S, the device offers bigger data space with a larger screen which makes it better to use.

I started out with the Ledger Nano S but after installing a number of different blockchains like Solana, Terra, ETH, and more the memory ran out fast.

You're better of with more space from the start, and the Ledger Nano X has just that. Both the Nano X and Nano S connects easily via a USB cable to your computer and supports over 5000+ digital assets, more than enough.

Using merely two buttons to navigate and control everything makes the process of confirming transactions seamlessly. The hardware wallet is tiny and easy to move around. 

| What you get with the Ledger Nano X

  • A secure and smooth user experience with the simple to use two-button interface.

  • Supports 99% of your favorite digital assets.

  • You get the Ledger Live software for easy-to-use transactions.

  • Easily check your balance, send and receive cryptocurrency.

  • The hardware wallet has an inbuilt screen and easy-to-use instructions.

The Ledger Nano X is enjoyable to use, secure and supports all of your cryptocurrency needs. With the included free software, you'll be investing to your heart's desire in no time, without running the risk of security breaches.

Try Ledger Nano X

| 2. Trezor Model One

Best Standalone hardware wallet

The Trezor Model One is an upgraded version of the Trezor Model T made to be more budget-friendly.

Trezor has all the security features that you need for an excellent hardware wallet. It features a large display that allows for an improved viewing experience.

The Trezor Model One has the capacity for around 1800+ supported coins and tokens, and the list is growing. The only coins not supported by the Model One are Ada, XRP, XTZ, XMR, and EOS so if you need support for these, get the Trezor Model T.

If you want to get a secure hardware wallet for storing your valuable cryptocurrencies, the Trezor One is a great option.

| What you get with the Trezor Model One

  • An intuitive and convenient hardware wallet that is trusted by thousands of happy customers.

  • Top-notch security that has been audiet by security researchers.

  • Manage all of your cryptocurrencies and digital assets.

  • Get started without any complicated technical skills, 10 minutes is all you need.

Try Trezor Model One

| 3. SafePal S1

Best Ledger Alternative

The SafePal S1 is a hardware wallet that was created to provide a secure option for storing cryptocurrency and Bitcoin.

The wallet is built with a PIN code, and it includes a backup feature that allows you to recover your wallet if it is lost or stolen.

The SafePal S1 also includes a built-in OLED screen that allows you to view your transactions and balances.

| What you get with the SafePal S1

  •  Always be secured and protected wherever you go with EAL+5 security

  • Multiple layers of security, and believe it or not, it even has a self-destruct mechanism (I'm not joking!)

  • Supports a vast amount of cryptocurrencies, up to 33 blockchains, and 30.000 digital assets

  • Portable and the size of a credit card

Try SafePal S1

| 4. BitBox 02

Best Easy to Use Crypto Wallet

BitBox 02 is a Swiss-made hardware wallet that is small, light, and easy to carry.

It supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and ERC20 tokens. The device is designed for security and privacy, with a PIN code and two-factor authentication required to access your funds.

BitBox 02 also offers a backup feature, so you can restore your funds if your device is lost or damaged. 

| What you get with the BitBox 02

  • Safely store and manage your Bitcoin and crypto coins offline.

  • Easy to use interface, get started in less than 5 minutes.

  • A neat and portable crypto wallet that doesn't need any cables.

  • Comes with the BitBoxApp to manage all your coins in one place.

Try BitBox

| 5. NGRAVE Zero

Best Secure Crypto wallet

The NGRAVE Zero is a hardware wallet that is designed for people who are serious about security and privacy.

It is one of the most secure hardware wallets on the market, and it features a number of advanced security features that make it ideal for storing cryptocurrency and Bitcoin.

The NGRAVE Zero is a high-end hardware wallet.

| What you get with the NGRAVE Zero

  •  As the name implies, Zero utilizes military-grade security for the "coldest wallet" of them all.

  • Large and intuitive color display to view all your crypto assets.

  • EAL-7 certified the highest level of blockchain security available.

  • Enhanced security with biometrics and light sensors.

  • Supports all 1500+ ERC20 tokens.

  • Truly a portable vault for storing your wealth in the new generation. 

Try NGRAVE

| 6. KeepKey

Best crypto wallet for a selection of coins

The KeepKey hardware wallet is a simple device that plugs into your computer like a USB drive and stores your Bitcoin and cryptocurrency securely offline.

KeepKey is a Level One certified security provider, so you can rest assured your funds are safe.

Plus, it's easy to use; even people who are new to Bitcoin and cryptocurrency will be able to use KeepKey without any trouble.

| What you get with the KeepKey

  • Stress-free security to protect yourself against vulnerabilities and viruses.

  • A sleek and simple design just like a regular USB stick, but with a display.

  • Works seamlessly with the ShapeShift platform to manage all your crypto assets.

  • Supports up to 40+ of the largest coins on the market.

Try KeepKey

| 7. SecuX V20

Best

The SecuX V20 is one of the more rigid and secure hardware wallets on the market.

This wallet is made of high-quality materials and features a sturdy design that can protect your cryptocurrency and Bitcoin from thieves and hackers.

The SecuX V20 also features an easy-to-use interface that makes it simple to store and access your funds.

| What you get with the SecuX V20

  •  Comes with a vault grade security, EAL5+

  • Large color display to see all your digital assets

  • Supports over 1000+ coins.

  • Has Bluetooth built-in for convenience.

Try SecuX

| 8. SecuX Nifty NFT wallet

Best NFT wallet

The SecuX Nifty NFT is an entirely new type of hardware wallet that supports your NFTs with a digital color display!

The wallet is designed for users who want to store their NFTs in a secure location and offline. The wallet features advanced security features, including a built-in screen and keypad that allow you to securely access your NFTs.

It's a great option for users who want to store their non-fungible tokens and show them off to their friends.

 

| What you get SecuX Nifty Wallet

  •  The world's first NFT hardware crypto wallets!

  • Color display for clear viewing of your NFTs

  • Multi-chain support for Eth, Polygon, BSC, and more.

  • Enjoy easy access to the NFT marketplace and DeFi with this wallet

Try SecuX Nifty

What are hardware wallets?

A hardware wallet is a physical electronic device, built for the sole purpose of securing bitcoins and other cryptocurrencies.

It resembles a typical USB drive, except it has an OTG (on-the-go) connector to plug into mobile devices or computers. 

Unlike software wallets, where the private keys are exposed to the internet, hardware wallets store your private keys offline, ensuring that your coins are safe from hackers.

You need to physically use and confirm each transaction with the hardware wallet, which means that your hard-earned cash cannot be withdrawn without your personal involvement.

Remember that cryptocurrency is still new and a little bit like the wild wild west, and there are endless horror stories of people getting hacked and having their money withdrawn. 

Once your money is gone, it's gone for good. If you have any meaningful amount of dollars invested into crypto, you NEED a hardware wallet.

Different types of cryptocurrency wallets

When it comes to cryptocurrency, there are three types of wallets: software wallets, web wallets, and hardware wallets. 

Software wallets are installed on your computer and give you complete control over your funds. However, they also reside on your computer and are therefore more susceptible to hacking.

Web wallets are hosted by a third party and allow you to access your funds from anywhere, such as MetaMask and SolFlare. However, they are also more susceptible to hacking.

Hardware wallets, on the other hand, store your funds offline and away from potential hackers. They are the most secure way to store your cryptocurrency and Bitcoin.

Can you combine web wallets with hardware wallets?

Yes, you can combine web wallets with hardware wallets! In fact, I would recommend it.

Hardware wallets are the most secure way to store your cryptocurrency, but they can be a bit cumbersome to use.

By using a web wallet in conjunction with your hardware wallet, you can enjoy the security of the hardware wallet while still having easy access to your funds.

Hardware wallets are the best way to secure your cryptocurrency

Hardware wallets are the best way to secure your cryptocurrency. Why? Because they provide a more secure way to store your coins than online exchanges or software wallets.

Hardware wallets are physical devices that store your private keys (the codes that allow you to spend your coins). If you lose your hardware wallet, you can easily restore your coins using the recovery phrase that you generated when setting up your wallet. T

The only way to steal your coins would be to physically steal your hardware wallet AND to know your passphrase.

So, if you're looking for the most secure way to store your cryptocurrency, a hardware wallet is the way to go.

How to choose the right hardware wallet?

So, how do you choose the best hardware wallet for you? It really depends on your needs and what you're looking for.

If you need a wallet that can hold a lot of different cryptocurrencies, then you'll want to opt for a wallet with a greater storage capacity.

If you're looking for a more portable option, then go for a smaller model. 

And if security is your top priority, then make sure to find a hardware wallet that offers robust protection features.

Of course, price is always a factor when it comes to choosing any type of technology. Do your research and find the best hardware wallet that fits both your needs and your budget.

Features of a great hardware wallet

A great hardware wallet is one that is safe, secure, and easy to use. It should have a user-friendly interface and be easy to set up and use. The best hardware wallets also have tight security measures in place to protect your cryptocurrency and Bitcoin. They should be tamper-proof and have multiple layers of security, including encryption and authentication.

Security

A great hardware wallet should have a high level of security. This means that your wallet should be protected from physical theft, as well as cyberattacks. Hardware wallets use a variety of security features to protect your funds. For example, most hardware wallets require a PIN or password to access your funds. Some wallets also include features like two-factor authentication or multi-signature support. By using these features, you can make it much more difficult for criminals to steal your funds.

Complete control of your private key

A hardware wallet is a great way to store your Bitcoin and cryptocurrency. Unlike a software wallet, which is stored on your computer or mobile phone, a hardware wallet is a physical device that stores your private keys. This means that you have complete control over your funds and you don't have to worry about someone hacking into your software wallet and stealing your cryptocurrency. Most hardware wallets also include features like PIN protection and speed recovery, so you can rest assured that your funds are safe and secure.

Ease of use

A great hardware wallet needs to be easy to use. After all, you're probably going to be using it to store your hard-earned cryptocurrency. If the wallet is difficult to navigate or understand, you're more likely to just store your coins on an exchange (which is not ideal). Look for a hardware wallet that is easy to set up and use. It should also have a user-friendly interface so you can easily check your balance, send and receive payments, and manage your coins.

Store cryptocurrencies in different blockchains 

A great hardware wallet will support different blockchains. This means that you can store a variety of cryptocurrencies on the same hardware wallet. For example, if you have Eth, Sol, Avax, or Terra you can store them all with the same hardware wallet. This makes it easy to manage all of your cryptocurrencies in one place.

Decentralized

A great hardware wallet is decentralized. This means it doesn't rely on a third party to store your cryptocurrency or Bitcoin. This is important because it keeps your funds safe and secure. If you store your funds on an exchange, for example, you run the risk of losing them if the exchange goes bankrupt or gets hacked. With a decentralized hardware wallet, you're in control of your funds at all times.

How to set up a hardware wallet

Setting up a hardware wallet is a fairly simple process, but it's important to take your time and follow each step carefully.

 Most hardware wallets come with a step-by-step guide, so be sure to read that thoroughly before you get started.

In general, you'll need to:

1) Connect your hardware wallet to your computer.

2) Download the appropriate software and install it.

3) Create a new wallet or import an existing one.

4) Transfer your cryptocurrency to your new wallet.

5) Verify your transactions.

6) Disconnect your hardware wallet from your computer. 

And that's it! You're now ready to start using your hardware wallet.

Best Hardware Wallet – FAQ

Which hardware wallet is most secure?

The most secure hardware wallets are those that use multiple security features with military-grade technology. 

Factors to consider when looking for the most secure hardware wallet include:

  • Type of security protocol

  • Quality of encryption

  • Number of supported cryptocurrencies

  • Ease of use

  • Customer support

Hardware wallets that use a combination of security features mentioned above are generally considered to be the most secure. 

Some of the most popular hardware wallets with multiple security features include the Ledger Nano X and the Trezor Model T.

Is a hardware wallet worth it?

Let me ask you a better question.

Is it worth the risk of losing all of your money and investments over a few hundred bucks?

 Or how would you feel if your bank had all of your money behind a door that is unlocked? 

If you're a gambler (degen in the crypto community) then by all means do whatever you wish.

But if you're serious about safeguarding your cryptocurrency and not losing money, then a hardware wallet is definitely worth the investment. In fact, it's a no-brainer.

How to use a hardware wallet?

Here's a quick rundown of how to use a hardware wallet:

1. Plug in your hardware wallet to your computer.

2. Open the software or app on your hardware wallet. This will usually be a browser-based application.

3. Access your wallet by inputting your password or PIN.

4. Select the cryptocurrency you want to transfer from your software wallet.

5. Click on "send" or "transfer."

6. Select the appropriate address on your hardware wallet to deposit the cryptocurrency.

7. Confirm the transaction by clicking on "send."

8. You're done!

Wrap up

Hardware wallets are the best way to keep your cryptocurrency safe and secure. By using a hardware wallet, you can keep your cryptocurrency offline and safe from hackers. Hardware wallets are easy to use and set up, and they offer the highest level of security for your cryptocurrency.