If there’s one thing that we like to stress here at Average Cash, it’s “not your keys, not your coins.”
For anyone that is new here or new to crypto in general, that is a line that means if you don’t have the seed phrase or key to your crypto, you don’t really own it.
This most often applies to people that store their crypto on exchanges or software wallets, as these are generally less secure.
So where should you store it? Cold storage, or otherwise known as a hardware wallet.
There are plenty of hardware wallets out there so we did the dirty work and compiled this list of the 10 best hardware wallets for you to stash away your precious crypto and keep your future wealth secure.
Our Pick: Ledger Nano X
If you’re looking to see which hardware wallet/cold storage we liked best - we chose the Ledger Nano X!
While it is our favorite, keep reading to see the rest of the list and how each one stacks up.
Ledger Nano X
Trezor Model T
Trezor Model One
Ledger Nano S
Ledger Nano X/Nano S
You’ve likely heard of Ledger and that is no surprise as they are one of the industry leaders in the world of hardware wallets for crypto.
The Ledger Nano X is their flagship hardware wallet and is at the front of the pack when it comes to functionality, features, cost, and security.
The Nano S is also a highly competent wallet but has less support for coin wallets at once.
Ledger Nano X came out on top with simultaneous support for over 100 coins (and 5500 tokens), while the Nano S only allowed from 3 to 5 simultaneous wallets.
The Nano X also has a larger screen which makes it easier to read and operate, plus Bluetooth connectivity, and 8-hours of continuous battery life so it’s a little more functional.
Regardless, at its price point of $59.00, the Nano S is a great beginner wallet, while the more robust Ledger Nano X is the king of the pack when you want to graduate to a hardware wallet with additional features.
Trezor Model T/Model One
While we chose the Ledger Nano X as the editor’s pick, we’d like to say that the Trezor Model T and Trezor Model One are nearly identical in their value, capabilities, and functionality.
Just like the two Ledger models, Trezor offers a beginner, value model, and a more advanced model.
The beginner model is the Trezor Model One, while the advanced is the Trezor Model T, and they provide plenty of security for your crypto.
A long list of supported coins, affordable price tags, and robust security make them excellent choices for any crypto investor.
Both support over 1000 coins, an easy-to-read screen, a small but sleek design, and compatibility with mobile and desktop systems.
What makes the Trezor Model T stand out compared to its smaller Model One is the Model T’s touchscreen, newer release date, and the ability to enter a full passphrase on the device itself.
The Model T is more expensive at $169.99 than the Model One’s $55.00 price tag, but nonetheless, they both provide the needed cold storage you should look for.
As we move into the lesser-known hardware wallets, that doesn’t mean their quality drops off and the Ellipal Titan is a good example of a hidden gem that performs really well compared to the “big boys”.
While the name doesn’t have as much household recognition as Ledger or Trezor, the Titan is a formidable beast when it comes to cold storage solutions for your crypto.
At a reasonable $139.00, it’s close to the Nano X and Model T in terms of cost, but its design sets it apart quite a bit.
The Ellipal Titan is designed to look almost like a smartphone along with an aluminum body for added protection and air-gapped to prevent any internet or unwanted connectivity.
It includes a very good list of coins and tokens that are supported, plus a very easy-to-read and use touchscreen, plus tons of security features to make sure everything is secure.
The Ellipal Titan might not be as well-known, but it shouldn’t go unnoticed when looking for a highly-effective hardware wallet.
Looking for a hardware wallet that’s a little simpler to use? KeepKey has the solution with their cold storage for your crypto.
The KeepKey wallet is a bit larger than the Ledgers, Trezors, and other portable options, but it’s also very simple.
It has a small LED screen on it that shows you transaction details, but that’s it.
All of your wallet management and settings are done through their ShapeShift Platform, which is their app that handles just about all of your crypto needs.
Speaking of crypto needs, they offer 40+ coins and 30+ tokens as well, so it’s less than some competitors, but still a healthy list nonetheless.
It won’t wow you with its design (even though it is sleek) but the beauty of KeepKey lies in the simplicity and security it offers with its ShapeShift software, and at a very affordable price for anyone looking for a reliable hardware wallet.
The SafePal S1 is a neat hardware wallet for a few reasons.
First is the design. It’s roughly the size of a small to medium computer mouse, so just smaller than a smartphone, with a 1.3” screen and directional pad to the right side of its broad face.
SafePal S1 also features a QR-reader camera for easy transactions, but thankfully, the wallet itself is air-gapped to prevent Wi-Fi or Bluetooth connectivity from getting into your crypto.
At $49.99, it’s also an affordable option that supports a decent selection of coins and tokens. All in all, a great design mixed with easy functional use makes it a winner for those looking to find security on a budget without compromising on features.
SecuX V20/SecuX W20
Getting back to some wallets that are less budget-oriented but big on features is the SecuX V20 and the SecuX W20.
Just like the Ledger and Trezor models, there are two (technically, three but I’ll get to that in a bit) options for you to choose from with one being the high-end version and the other being a little more humble in comparison.
The SecuX V20 is the high-end counterpart to the W20, but they’re actually remarkably close in terms of what they offer.
Both have a 2.8” touchscreen LED, Bluetooth connectivity, tamper-proof sealing, multi-OS support (mobile and desktop), 1000 coins and tokens, and up to 500 manageable accounts.
Where they differ is in weight, size, and USB. The V20 is a little heavier and has a disk-like shape, while the W20 is rectangular like the Ellipal Titan. The V20 also uses USB-C compared to the W20’s MicroUSB.
There’s also the SecuX W10, which is the budget option, but it’s older than the W20 and doesn’t have mobile support, Bluetooth connectivity, or a rechargeable battery.
Finally, we have the Keystone Pro, formerly known as the Cobo Vault Pro.
In fact, there are two Keystone wallet models - the Keystone Pro and the Keystone Essential.
The Keystone Essential is the base model, which has the same coin support as the Pro but does not feature a fingerprint sensor or a rechargeable battery.
Aside from some minor differences, the Keystone Essential and the Keystone Pro are incredibly similar devices, both featuring an air-gapped design, a 4” touchscreen, and a familiar design akin to a smartphone.
They also have a great selection of supported crypto for their wallet models and the Keystone companion app.
Look for the Keystone Ultimate as well. Featuring military-grade sealing, a durable body that is both waterproof and impact resistance, a military-grade protective case, and a larger screen with all features and security of the Keystone Pro, it ships in 2023/2024 for $479.00
Not your keys, not your coins is a saying we always preach here at Average Cash, and it’s something that every crypto-enthusiast needs to consider when they think of where to store their investments.
Exchanges don’t cut it for security and ownership, and while software wallets are an upgrade, they’re still susceptible to hacks and outages.
The solution is and always will be a hardware wallet, or cold storage, and as you can see from our best-of list, there are plenty of amazing choices to pick from when you’re looking for the most secure and feature-filled wallet.