Hardware crypts are the latest squeak of fashion. Being part of the “gentlemen’s set” of crypto-currency, these super-reliable tokens are terribly popular when Bitcoin “blew up” the market. There are a number of different models between which one has to choose – and this can confuse newcomers who do not know which of the purses is better and whether they need it at all.
Old-timers of the market use hardware wallets
Trezor and Ledger, the two most famous “cold” stores, have become a tool for the entire industry. Both companies that produce a wide range of different devices have successfully satisfied the demand for safe and easy-to-use offline crypto-currency storage.
None of the crypto-currency wallets are 100% invulnerable against all known attacks, including divine intervention, but Trezor and Ledger have reached 100% security close enough. True, only if you buy their products directly from the manufacturer or from an official partner. It would seem that a reasonable investment is to spend $ 100 to protect several thousand in the form of crypto-currencies (and even having the potential to multiply repeatedly). However, many owners of crypto-currencies do not like the cost of wallets.
For those who are dissatisfied with the prices for hardware wallets, there is a budget solution. Nothing will prevent you from installing an ordinary purse on a USB flash drive and encrypt it, or even better – a couple to make sure. Similarly, an old iPhone with a Bread purse installed or a purse with Bitcoin.com will come in handy as a reliable repository. Write a secure phrase in the safe place and keep the device offline, taking it out when you need access to the purse.
But those who still intend to use a special device for storing money, we can advise a couple of options.
Trezor advertises itself as “the real and most reliable hardware crypto”, and Bitcoin holders actively use it. The device will cost you around $ 109, it can be bought in black or white, and it will accommodate all your ERC20-based tokens, and from a dozen other currencies such as BTC, BCH, LTC, DASH, and ZEC. Being shockproof and waterproof, Trezor has a display for confirming transaction details, two-factor authentication, password manager and a number of other functions.
Ledger Nano S
Small and light, the Nano S wallet from Ledger will save your Bitcoin, Ethereum, and some other altcoins. Like Trezor, Nano S is highly valued by the crypto-currency community, and this week Ledger celebrated the sale of the millionth sample of the Nano S. The device has a small OLED screen and buttons on the side of the case, then click on which confirms the transaction. However, if you want the same, then you will have to be patient – the next batch will go to the market not earlier than March.
The company also manufactures Ledger Blue, a business-class hardware purse that has a larger screen, more protective features, and in addition, a $ 330 price tag. Like the Nano S, Ledger Blue is not currently sold, and the nearest date of supply to the market has not yet been announced.
Although this sample is not as fashionable as Ledger and Trezor, it still fit into the market. This device allows you to store Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Doge, and Dash, and in the future, it is planned to add more currencies. In addition, the wallet allows you to directly exchange crypto-currencies one by one using Shapelift technologies. It costs $ 129 and is available only pre-order since the date of the beginning of retail sales is still unknown.
Bitlox does not look like the devices listed above. Instead of connecting to the computer via USB, Bitlox only works on Bluetooth. An extremely thin device, resembling a smart card, allows you to store bitcoin and costs about $ 100. Soon it is planned to start supporting altcoins.
Hardware storage performed as minimalist as possible. It can insert a microSD memory card, and it supports Tor, Trails and two-factor authentication. This Swiss device in its tiny case can accommodate a significant number of protective functions. Do not lose sight!
Of all the hardware wallets that we listed in this article, only Trezor and Nano S have already been tested by millions of users around the world, which definitely inspires confidence. This does not mean, of course, that they are more reliable than those of other manufacturers. Most importantly, the fact that hardware wallets allow you to withdraw as much money as possible from centralized crypto-exchange exchanges to a device that you control only. Only this way you can achieve real financial independence.