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5 Best Cryptocurrency Hardware Wallets for 2020

Henry Hillford



best hardware wallet

Amidst the buzz surrounding the cryptocurrency community, there are headlines that make the stomach of a cryptocurrency user churn – exchanges of cryptocurrencies that got hacked! A big concern amongst many of us today is having our cryptos snatched right under our noses by morally bankrupt hackers.

However, a crypto-burglar is still not your worst enemy. Many borderline comical stories from people who have lost their cryptocurrencies are being published in cryptocurrency blogs. There was one guy who lost his hard disk which contained his Bitcoin data file. In it, he had 150 bitcoins which may now be worth over a million dollars. Another guy also accidentally threw out his hard drive which stored 7,500 of his Bitcoins (now worth over 50 million dollars).

So, how can you really safeguard your cryptos not just from hackers but also from yourself? By using the best cryptocurrency hardware wallet for 2018 there is! In this article, we’ll review and compare several products for you. With our help, it will be easier for you to determine the best cryptocurrency hardware wallet that’ll address your cryptocurrency needs.

1. Ledger Wallet

hardware wallet for cryptocurrency



2. Ledger Nano S

best secure cryptocurrency hardware wallets 2017



3. KeepKey

the best cryptocurrency hardware wallet



4. Trezor Hardware Wallet - Black and White Combo

cryptocurrency hardware wallet



5. YubiKey NEO

cryptocurrency wallet hardware



The Different Kinds of Cryptocurrency Wallets

Before we start, let’s first go over the most common types of cryptocurrency wallets. Don’t freak out if there are new terms that you will come across in this article. We made sure that this guide is easy for you to understand so that even a newbie of cryptos can walk away with a new title – expert.

There are three kinds of cryptocurrency wallets:

  • Paper
  • Software
  • Hardware

The best hardware wallet for cryptocurrency – is a physical wallet with private keys encrypted inside it. A software wallet, on the other hand, is a program that is either on the Internet or on your computer. As for a paper wallet, it’s a physical document with private keys.

For a hardware wallet for all cryptocurrencies, you need to have a digital signature, which will serve as your ID. It’s how you provide proof that the specific private key is owned by you without flashing it around in public. A digital signature verifies ownership, ensuring that your private key is safe and as far as possible from prying hands.

Best Cryptocurrency Hardware Wallets
Example of the Private Key. Source:

The advantage of making use of the best hardware wallets for multiple cryptocurrencies is that a private key is isolated from a computer, lowering the chances of theft from happening down to zero. Experts would not recommend you to use a software wallet especially if you own several Bitcoins because there’s risk of theft as the wallet is tied to the Internet, so instead, it would be better to choose the best bitcoin wallet.

The only potential disadvantage of using a cryptocurrency wallet hardware is that it will cost you money. Software wallets are usually free. Personally, we would rather spend a couple of hundred dollars to ensure the security of our cryptos that have the possibility of amounting to millions of dollars in a couple of years.

Cryptocurrency Hardware Wallet Comparison

Without a doubt, a cryptocurrency hardware wallet USA is the best type of cryptocurrency wallet if you are looking for security. With the best hardware wallet for multiple cryptocurrencies, your cryptos are plugged out and put in “cold storage.”

You may be wondering what this means. Basically, putting your cryptos in cold storage makes them impossible to touch as they are now disconnected from the web. Trojans, hackers, and other malware won’t be able to access cryptos that are in cold storage. If you enjoy your peace of mind and you want to make sure that nobody is running off with your hard-earned Bitcoins, continue reading because listed below are the best secure cryptocurrency hardware wallets 2017-2018.

1. Ledger Wallet

First on the list is Ledger Blue, a cryptocurrency hardware wallet. The device features smartphone compatibility, a touchscreen, as well as NFC/BLE/USB connectivity.

Ledger Blue can be used to store several different currencies such as Bitcoins, LiteCoins, ZCash, Dash, and DogeCoin. It also runs multiple apps including FIDO U2F, GPG, SSH, Ethereum, and Bitcoin.

It’s a lightweight device with a similar size to that of a tiny smartphone. It weighs 90g, which means it's half the weight of a Nexus 6.

Ledger Blue is a bit expensive. What's more, its Bluetooth functionality is not yet operational until a new firmware update becomes available. As for the size, you may want the Nano S because it's much smaller and more portable than the Ledger Blue.
With Ledger Blue, there's almost no risk of you losing your cryptos because an attacker will be disappointed to find out that the device can no longer be used after 3 failed login attempts. If you lose your device, you can simply replace it with a new one, which can be reinitialized from a 24-word seed phrase.

The large touchscreen provides you with a QWERTY keyboard which you can use for input. Compared to Ledger Nano S which only has two buttons, you no longer have to endure clicking buttons many times just to navigate around the device.
With other Ledger cryptocurrency hardware wallet devices like the Nano or the HW.1 which don’t have screens, you need to set up a computer that's secure in generating the seed. This is no longer necessary with Ledger Blue and the Nano S.

While there is a bit of issue that you may experience with this particular best hardware wallet for cryptocurrency, this is to be expected as it’s the first run of a completely new hardware. But, there’s no reason for you to be concerned because of the CEO of Ledger, Eric Larchevêque, provides excellent support.

2. KeepKey

KeepKey is one of the best secure cryptocurrency hardware wallets 2017 that provides access to the leading cryptocurrency assets of the world today. Launched in 2015, the device makes use of an advanced technology in order to provide users a secure environment for storing cryptos.

Because it’s an HD or Hierarchical Deterministic wallet, you can think of it as a mini computer that’s specifically designed to store private keys.

The recent markdown to the price of KeepKey makes it a very affordable cryptocurrency wallet hardware for users who are looking for security and value when it comes to managing cryptocurrency wallets

The top-notch security standards of KeepKey make it impossible for viruses or hackers to steal a private key.

Because there’s no web wallet, you still need to add a software like MultiBit or Electrum in order for you to utilize KeepKey's applications.
KeepKey offers the same exact security features of more established products like TREZOR.
The larger size of KeepKey makes it less portable compared to Ledger or TREZOR, which easily fits and settles in a pocket.

The device's professionally designed and attractive OLED display makes it easier to use than any other similar product.
The setup is straightforward and simple, but it does not allow you to save any of your progress.
It allows you to access the leading cryptocurrencies of the world.
Its new price offers you with great value.

KeepKey has been in the market for several years now, making it a worthy contender for our list of the best secure cryptocurrency hardware wallets 2017. The device has proven that it has all of the basic functions of the best cryptocurrency hardware wallet.

What we love most about this particular device is that it doesn’t come with unnecessary features. This means a user that has little technical understanding of how the best hardware wallet for cryptocurrency works would still be able to use the device to store cryptocurrencies. Be sure that this is one of the best bitcoin wallet.

3. Ledger Nano S

If you are on the hunt for the best cryptocurrency hardware wallet to store your digital currencies, the Ledger Nano S provides you with an excellent value proposition.

Unlike its predecessors, Ledger HW.1 and Nano, the Nano S comes with an organic, built-in OLED screen, putting it in the same category with cryptocurrency wallet hardware leaders such as KeepKey and TREZOR.

The sleek design of its display means it is easy to confirm and double check any transaction made with the device.

Just like any other hardware wallet for all cryptocurrencies, no one will have access to your money and private keys. No software or third-party website will store your keys for you. You alone will have the access to them.
A Ledger Nano S would require an additional USB cable adaptor to be able to function.
Unlike money, the owner of the Ledger Nano S is the only one who can use it. In case the device gets lost or stolen, you are protected because it will ask for a 4-digit PIN and a security password that's 24 words long in order to retrieve any funds stored in it.
Although the device is rather small, it's still an object which means you still have to carry it around with you like you do with your credit card or wallet.

With the Nano S, it's easy to recover and transfer funds. A user can use BIP 39, an open-source recovery tool. What's more, you can also run your device offline if it's connected to a PC in order to prevent any possible malware from getting hold of your unique code.

Although the device requires initial setup, it will guide you through each step of the process. It shouldn't take you more than a couple of minutes to configure your wallet.

It’s important for you to know that with the Ledger Nano S, you can connect your device to a computer via USB. Order this device and you will receive a USB cable, a lanyard that will allow you to carry your Nano S around your neck, a keychain, a key ring, and a recovery sheet which you can use if you want to write down the seed.

All these will arrive in your mail together with the device itself. All in all, the device is among the best cryptocurrency wallet hardware devices available in the market today. If you want to secure your cryptos, then we suggest you consider getting the Nano S.

4. Trezor Hardware Wallet - Black and White Combo

The black and white combo Trezor cryptocurrency hardware wallet USA is targeted to crypto holders who want to store a substantial number of coins and to not rely on a third-party service for cryptocurrency storage as well as an impractical form of cold storage.

Trezor was developed by SatoshiLabs, a Czech startup, and it’s essentially a device that provides an added authentication layer to an outbound Bitcoin transaction. Because of its design, it can be used to sign transactions even on an unsafe computer. It’s also impervious to keyloggers. If a host PC has been compromised, an attacker still won’t be able to get a private key.

Because of the top-notch security that the Trezor hardware wallet for all cryptocurrencies provides, it offers excellent protection against virtual and physical theft.
It lacks mobile support. As of the moment, it will only work with Linux, OS X, and Windows. This means you can't pair your device with your tablet or mobile phone. Fortunately, SatoshiLabs announced that it’s currently working on USB on-the-go functionality to enable Trezor use on any Android device.
Considered by many as the best cryptocurrency wallet hardware, the wallet allows easy backup using the 24 words that are generated during the initial setup.

After each incorrect PIN code guess, the wait between each guess is raised two times. This means 30 guesses will take 17 long years.

We tested the product for several months and we came to the conclusion that it actually works as advertised. If what you want is the best cryptocurrency wallet hardware, consider getting Trezor black and white combo as it offers many advantages over any other wallet.

5. YubiKey NEO

Yubico, the maker of YubiKey NEO, produces USB hardware wallets which support cryptographic and authentication protocols. YubiKey NEO is just one of its compact wallets that operate with only a simple touch.

Whether you are an organization or an individual, you will be given the complete protection you need to store your cryptocurrency assets. Aside from being a cold storage for cryptocurrencies, YubiKey NEO also serves as a password and computer login manager.

You can even use it to securely log-in to your social media accounts!

It protects access to any computer, online service, and network.
The only problem we have with YubiKey NEO is its size because it’s so small. You can easily lose it if you are not careful. We recommend that you attach your YubiKey to a key ring, so it will have fewer chances of getting lost.
The manufacturer offers open source tools that are free which will allow you to configure your YubiKey NEO on your own.
It’s much safer and easier to use than an authenticator app. Now, you no longer have to reach for your smartphone just to retype passcodes. All you have to do is plug your YubiKey in, tap, and that's it!

In this entire cryptocurrency hardware wallet comparison, YubiKey NEO is the most inexpensive and unique hardware wallet. It doesn’t just provide you with multiple options, but also multiple uses.

If you are looking for a cryptocurrency hardware wallet that allows several people to have access to it, then you should consider buying Yubico’s YubiKey NEO.


Every cryptocurrency hardware that we have listed above is made of high-quality materials. All of them have features that are unique, but most importantly, they provide extremely secure storage for your cryptocurrencies. Our favorite is the 2-pack Trezor hardware wallet as it’s trusted by the entire cryptocurrency community.

It also allows storage for a huge number of private keys. Because hardware wallets are currently in demand, we suggest you buy two or three wallets and think of it as a one-time investment. The best cryptocurrency hardware wallets are usually sold in limited numbers on e-commerce websites.

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