Best Cryptocurrency Wallets in the market
The world of cryptocurrencies is gradually transcending into the minds of people who are trying to innovate in science and technology in one way or another, as it is also rapidly generating movements and decisions for investors of a certain caliber, but, certainly, one of the variables that generates a lot of uncertainty is the level of security that buyers can feel when thinking about being hacked.
However, as mentioned before, technological advances are increasingly overcoming gaps that were once perceived as unreachable, and cryptocurrencies are no exception, as they have been advancing hand in hand with wallets that guarantee their security with respect to their storage and prevention of some hacker looking to use a couple of algorithms to take everything. Here we find the top cold wallets.
In other words, the cold wallets basically take care of the cryptocurrency storage without the need to use the internet, which helps to protect in a more private way, especially if you have large sums of money in cryptocurrencies, and handle them intelligently when making a transaction without putting all the cryptos at risk, therefore, here we will find a list with the best cold wallets that can be used commercially for those who wish to acquire them.
1. TREZOR (Hardware Wallet)
This is one of the safest wallets that can be found on the market today, because it is a device that allows you to store your digital coins safely. In other words, it is hardware designed with the objective that a person can keep in a pocket device to safeguard their balances in cryptocurrencies. Its use is as simple as connecting a basic device to a computer, and in just a few minutes you can have it configured and ready to make coin transfers.
The package comes with a USB cable, a small booklet to write down your recovery seed, instructions for use and configuration and a Trezor. The currencies that are currently compatible with this hardware are Bitcoin, Ethereum, Ethereum classic, Zcash, Litecoin, namecoin, Dogecoin, Dash, Cardano, Monero, and more. Without a doubt, this medium storage can ensure that coins are kept out of the hands of a thief.
2. Keepkey (Hardware Wallet)
Another wallet that commercially comes face to face with TREZOR is Keepkey, since its cold storage product allows users to generate and store an unlimited number of private keys that remain stored in the wallet all the time. Also, it allows the users to exchange cryptocurrencies from their devices and perform quick operations in a two-step process.
What is surprisingly better about the product is that its developers are still investigating and implementing improvements, trying to make the hardware even better than what it already is. The company now promotes hardware optimizations that will improve the life of the device’s flash memory, which is a big step to future improvements in offline storage systems. The currencies that are currently compatible with this hardware are Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, Dogecoin, Bitcoin Gold and multiple ERC-20 Tokens.
3. Ledger Nano S (Hardware Wallet)
Basically, it has been a light but solid wallet of multi-currency hardware for cryptocurrencies, which within its characteristics is that it is very easy to carry everywhere thanks to its USB format, it has a small screen for the validation of payments and can be connected to any computer through USB. In addition, it’s a hardware wallet that is based on solid security features to store cryptographic assets and ensure digital payments. It can be connected to any USB computer and incorporates a secure OLED screen to verify and confirm each transaction with a single touch on its side buttons.
The best part of this device is the backup and restore, which enables to store private keys to maximum security, in a way to authorize the transactions, and the asset themselves remains on the blockchain system. Also, if the case of a stolen device is presented, the 24-word recovery phrase received when installation started can be used to recover the data and transmit it to another device. The currencies that are currently compatible with this hardware are Bitcoin, Ethereum, ripple, Litecoin, and 26 more.
4. CoolWallet S (Hardware Wallet)
Although all the wallets that make up this group have the right size to carry them comfortably, the CoolWallet S device is the only truly small one to accompany your credit cards within your wallet. With a highly stylized design, this amazing engineering work has an electronic paper screen, where the user can control what happens inside it.
Also, the Coolbitx mobile application is the pair that matches the wallet, with which it communicates through Bluetooth, making completely unnecessary the presence of a personal computer that acts as a bridge. Its ultralight size and ease of use give the wallet the first place in terms of real portability between these gadgets. The currencies that are currently compatible with this hardware are Bitcoin, Ethereum, Ripple, Bitcoin cash, and Litecoin.
5. Secalot (Hardware and Software wallet)
This device only is compatible with Bitcoin and Ethereum nowadays, but it is compensated by its great range of qualities with which the level of security based on the storage and transaction of the coins is completely effective. Some of those qualities are the protection pin code, a restoration with Bip39 passphrase or a seed phrase without too much work, SSH authentication, easily works with secure password managers, private keys stays in the device always, with a special app all transactions can be seen and the communication with Secalot works through a secure SSL/TLS channel.
6. Digital Bitbox (Hardware Wallet)
Bitbox is the smallest of most hardware portfolios on the market and does not use cables when connecting them, in the same way as the bitcoin stick Opendime. In addition, the device comes with a micro SD recovery card that provides and guarantees a backup secondary; this can allow instant transfers between portfolios. This mini-store uses its own native software and does not depend on browser extensions.
To add, it provides Universal FIDO authentication of second factor (U2F) to access the funds, it is a hardware portfolio that allows multiple signature features “out-of-the-box” to provide greater protection. The device can be configured to be more focused on privacy, since it is also compatible with Tor and Tails, integration of the operating system for those seeking better anonymity. The currencies that are currently compatible with this hardware are Bitcoin, Ethereum, Ethereum classic and associated ERC20 tokens.
7. Bitlox (Hardware Wallet)
This hardware device is produced by Bitlox Limited, based in Hong Kong, within its variations the company offers three different types of Bitlox hardware portfolios that vary in price and effectiveness such as the Advanced, the Ultimate, and the set of extreme privacy. It has approximately the same size as a credit card and comes with a USB cable for connecting the device. The ‘Advanced’ comes with the Bitlox device that can store 100 wallets with unlimited addresses per account.
To summarize, the device also works with the seed phrases BIP32 and BIP39 and also offers a hidden plausible deniability wallet as well, and the ‘Ultimate’ Bitlox claims to be “indestructible” as the portfolio is encased in titanium TA-2 grade alloy, and the device also allows a Bluetooth connection so that Bitlox can be attached to a smartphone. The currencies that are currently compatible with this hardware are Bitcoin, Bitcoin cash, and Bitcoin gold.
8. PiWallet (Cold Wallet)
This is one of the first that emerged within the timeline of hardware wallets, and unlike most laptops Pi Wallet has no wireless connection. In fact, it fits in the palm of the hand and can be carried easily. Unlike the notebook, you can easily remove the “hard disk” from the Pi Wallet, in this case an SDHC card, and the only thing that is needed is to configure the wallet when using it, which is done with a single click.
The best thing is that it has a specialized system called Armory, which allows you to have a copy of your wallet with which you can create reception addresses and unsigned transactions and check your balance on a computer with Armory installed, without having to expose your private keys. Pretty simple and basic storage to save different currencies.
In other particular cases, there are hardware and cold wallets that are not available commercially, and others that will be launching soon; everything will be determined in the near future, especially in this last quarter of the year and beginning of the new year, where there will be important changes in the market and many investors will be looking for the best opportunities to take advantage of.
