The Best 5 Hardware Wallets For Bitcoin

Every day, more people are entering the Bitcoin world. Some people choose to keep their Bitcoin in software or desktop wallets, while others prefer to use more secure wallets. This is also a good option if you are a long-term investor.

However, you should utilize a paper wallet or a Hardware Wallet for long-term ‘Holding’.

I personally recommend using a Hardware wallet because it provides excellent security and can also be used for everyday transactions.

In the event of theft or scams, hardware wallets promise increased protection over software wallets. Furthermore, even if your computer is hacked or your hardware wallet is stolen, your coins remain safe. You can always restore all of your money to a new wallet if you lose your hardware wallet.

Important note: No one can move Bitcoins or other currencies from your hardware wallet unless they know your secret pin code. Furthermore, because it does not use your laptop or system resources and has its own LCD screen, no spy screen recorder or Trojan can capture what happens on your hardware wallet.

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Bitcoin Hardware Wallet

Bitcoin hardware wallets are tamper-proof technological devices that store your coins’ private keys in an offline mode. These wallets generate the private keys and digital signatures required to spend bitcoins.

You must write down the seed word (recovery phrase) on a piece of paper and put it in a safe location, just as you would any wallet. Make 2-3 copies and distribute them. There’s also no risk of being hacked because your keys are stored offline.

There have been no reports of bitcoins being stolen or lost from a hardware wallet. Some hardware wallets have security grid cards, while others include a small digital screen with a user interface for transaction verification.

Even if your hardware wallet is damaged, you may easily retrieve your bitcoins using the recovery phrase.

Note:- Hardware wallets for Bitcoin were created after Bitcoin was created. Other coins can currently be stored in these wallets (ETH, BNB, DOT ,etc.).

If you want to store Bitcoin & other Cryptocurrency secure for the long-term, then you should definitely order a hardware wallet. Since most of these hardware wallets have a waiting period of a month or two due to huge demand, you should order one as soon as possible.

If you are looking for a single recommendation as the best Bitcoin hardware wallet, then you should look no further than Ledger Nano X.

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The Best Bitcoin & Cryptocurrency Hardware Wallet

Many of these hardware wallets support the Binance smart chain, Polkadot, and other new blockchains. One essential feature that a hardware wallet should have in 2021 is the ability to support several blockchains. In 2021, the ideal wallet to use is the Ledger Nano X; however, if you only need a Bitcoin wallet, you can use something like the Coldcard hardware wallet.

1. Ledger NanoX(Order Now)

Ledger Nano X is the latest hardware wallet by Unicorn of hardware wallet Ledger.  The beauty of Ledger wallet lies in its State-of-the-art Security which is possible with the help of 2 chips. Ledger Nano X is the perfect union of hardware security and mobility. The Bluetooth feature will let you use this hardware device on the move with your phone or laptop, without using a wire.

The reason why the world is going crazy about this hardware wallet is because of its ability to hold multi-crypto currency at one time. In the earlier version of Ledger (Nano S, which is mentioned below), we had to manually install/remove the apps to use a specific wallet, in Ledger Nano X, you can install multiple crypto wallets at the same time.

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Fatures of Ledger NanoX

• Size: 72mm x 18.6mm x 11.75mm Weight: 34g
• Stainless steel and plastic
• 100mAh battery
• Store multiple cryptocurrencies at the same time
• Easy to use
• Free shipping
• Login to DEX like Binance

The Ledger Nano X has some of the most popular crypto wallets:

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• Ripple
• Neo
• Binance Coin
• ERC20 Tokens
• 100+ Cryptocurrencies

If you just have one recommendation for the best hardware wallet this year, the Ledger Nano X is the finest option.

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2. Ledger Nano S(Order Now)

The Ledger team has released another another popular hardware wallet. The Ledger Nano S is the creation of a startup based in France. Its design has a clean and appealing European feel to it.

The backup seed key for bitcoin recovery, the simple OLED interface, and a flash drive-like feel with two buttons on the side for navigating the interface are just a few of its important features.

It’s a battery-free device that connects to a computer or mobile device via USB.

The Ledger Nano S currently supports nine cryptocurrencies (including Bitcoin) and is the most affordable multi-currency hardware wallet ($65).

3. Cobo Vault(Order Now)

Many technophiles prefer the Cobo Vault, a military-grade hardware wallet. To keep your cash safe from hackers, this is an air gapped hardware wallet. To ensure that it cannot be hacked over the network, WiFi, Bluetooth, NFC, and bandwidth capabilities have been removed.

There are no USB ports, and the only way to make a transaction with Cobo vault is to use the QR code. The real vault, which satisfies US military standard MIL-STD-810G with IP68 waterproof rating and IK9 certification, is the highlight of this hardware wallet. In other words, if there is a flood, your wallet will be protected.

Cobo vault is a cryptocurrency cold storage wallet that is recommended for individuals who are willing to put up with a little more hassle in exchange for increased security. The Cobo Vault hardware wallet is available for $479 and exclusively accepts Paypal as a payment method.

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4. Trezor(Order Now)

Trezor, a Bitcoin hardware wallet, was the first of its kind. It is the first safe Bitcoin hardware wallet, created by SatoshiLabs.
It has an OLED screen and looks like a small calculator. The device’s security is ensured by nine-digit pins produced at random and a 24-word recovery seed key. Its aim is to store private keys and sign transactions while they are not connected to the internet.

Android devices and programs like TREZOR Wallet, Mycelium, and Multibit HD are all compatible with the Trezor wallet.

Trezor, which costs $99., now supports eight cryptocurrencies (including Bitcoin).

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5. Keepkey(Order Now)

KeepKey is a hardware device for holding bitcoins that is now available on the market.

In comparison to the Ledger Nano S or Trezor, it doesn’t offer much. Furthermore, it is more than double the size of its competitors, making it difficult to carry in your pocket.

It has the same backup seed key feature as the other wallets, and it functions the same way. It now accepts six cryptocurrencies (including Bitcoins).

It also costs $99 to purchase.

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Ledger Nano S vs. Trezor vs. KeepKey (Comparison)

Disadvantages of Hardware Wallets For Bitcoin

1. While hardware wallets have the benefit of keeping your keys safe offline, they also have certain disadvantages.
2. For example, if you lose or forget your recovery seed key and/or PIN number, you won’t be able to access your money.
3. As a result, you must always remember your PIN code.
4. You should also write down and store your backup seed key on a piece of paper.

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