We Review The Best Hardware Wallets Of 2018
With a number of different hot and cold wallets available on the Bitcoin market today, it can be hard which one, or which ones, to choose. If you’re new to the world of bitcoin then everything from the type of cryptocurrency you choose, to the way you want to use it, to the wallet you need to store it needs to be carefully researched in advance. Whether you’re new to the game or are an old-hand, this review page of the best hardware wallets of 2018 is sure to give you everything you’re looking for, read on!
Bitcoin wallets come in many different forms and are more suited for different amounts of bitcoin or different levels of security. A bitcoin wallet is essentially a place where you can store your bitcoins and have a balance, as well as a facility to send and receive more coins. They are not so different from an online bank account, but with digital money. Wallets correspond with the Bitcoin blockchain to update their balances; yet, the most key function of a wallet is to hold a privacy key.
A privacy key contains a lengthy string of characters which act as the password to your wallet. This key is also responsible for generating your Bitcoin address that is needed by other people to send you bitcoins.
What is a Hardware Wallet?
Cold storage wallets refer to those that do not require an internet connection. One type of cold storage wallet is a hardware wallet which a physical device that encompasses your key. They are secure even when attacked with malware because they are not accessible by an outside force. The better hardware wallets on the market include a backup feature just in case your wallet is stolen or lost.
These wallets are used in conjunction to a web page by simply connecting your device to a computer; this will allow you to send and receive Bitcoin easily. Hardware wallets are effective in providing Bitcoin users a blend of ease of use – although you will always need to have you hardware wallet on you, at all times – and security.
Our Top Hardware Wallet Picks
With a multitude of different hardware wallets to pick from, it may be difficult to know where to start. We’ve done our research and narrowed our choices to the Top 4 making our list this year. We have compared the wallets on a range of factors from user-friendliness and design to compatibility and reliability. To make it easier for you to choose, check out our reviews and recommendations below, and make your own informed decision:
The most senior hardware wallet around is the Trezor hardware wallet. Its seniority is a compliment to its reliability and reputation. It is not just suitable for Bitcoin users and can also support Dash, Zcash, and Ethereum currencies. With a sleek design and user-friendly interface it is made to maintain its reputation, and that is just what the guys at Trezor are doing. One little fact about Trezor to get you comfortable is that the company is partly founded by Marek Palatinus (AKA ‘’Slush), the man who helped create the very first Bitcoin mining pool. The wallet is a little pricey and usually retails for over 100 USA dollars.
Ledger Nano S and Ledger Blue
The Ledger Nano S appears to be heading for a two-horse race with Trezor to be the king of hardware wallets. Alike its competitor, it supports an array of digital currencies, including Ethereum, Dogecoin, Litecoin, Zcash, Stratis, and Dash. It has a stylish design and is easy to work your way around its interface. With a reliable reputation and a lucrative price tag, it is undoubtedly a big rival for Trezor to compete with, which is great for us hardware wallet consumers. The other Ledger product, the Ledger Blue, is also a stand-out hardware wallet from this company. It is built with user-friendliness in mind and incorporates an impressive touchscreen. The wallet is also compatible with multiple aforementioned currencies and is a safe option due to the company’s reliability.
Keepkey hardware wallet is another viable option but seems to lack behind the previous two by some distance due to question marks over its reliability. A murky reputation, a lack of customer service, and some negative reviews are starting to appear on the company’s behalf. One other negative aspects of the wallet is that it is a bit on the bulky side and struggle to fit in most trouser and jacket pockets. The bad stuff aside, the stylish wallet is quite similar to both the Trezor and Ledger products as this hardware wallet can also support a range of identical cryptocurrencies. The unreliability of the brand and the inconvenience in carrying the product is what stops it from entering a three-horse race with the other two wallets.
One problem with reviewing a series of hardware wallets is that they are competing with free alternatives; BUT, this is the world of Bitcoin and sometimes it pays to pay for reliability and security to avoid becoming a victim of cybercrime. In that respect, we strongly recommend taking your time and purchasing a hardware wallet worthy of storing your cryptocurrency.