Best Cryptocurrency Hardware Wallets for 2019

After interacting with cryptocurrencies for a while, you might know that storing your coins in a hot wallet is not the safest option. Some wallets end up being hijacked, and all of your money could get stolen. That is why for long-term storage, always cryptocurrency hardware wallets should be used. Continue reading to learn what the best cryptocurrency hardware wallets are, what the benefits of these devices are, and how you can find the one that suits you best.

Cryptocurrency hardware wallets remove the bridge between your funds and the free internet, by storing the data on a secure offline environment. This way, your money can only be accessed by a digital source once it is connected to a computer and is unlocked with your password. Besides, on traditional hot wallets, it may become very difficult to constantly organize each password for each address. On these new devices, you simply plug them into your computer, type in your password, and without difficulties, you can fulfill your transaction from your desired address.

Our picks for best cryptocurrency hardware wallets:

Product Features Overall Price Buy Now
ledger nano s review

Ledger Nano S Review

  • Security
  • Price
  • Ease of Use
  • Look and Feel
  • Customer Support
$69 Buy Now
trezor one review

Trezor One Review

  • Security
  • Price
  • Ease of Use
  • Look and Feel
  • Customer Support
$95 Buy Now
keepkey review

KeepKey Review

  • Security
  • Price
  • Ease of Use
  • Look and Feel
  • Customer Support
$129 Buy Now
coldcard review

ColdCard Review

  • Security
  • Price
  • Ease of Use
  • Look and Feel
  • Customer Support
$69 Buy Now
ledger blue review

Ledger Blue Review

  • Security
  • Price
  • Ease of Use
  • Look and Feel
  • Customer Support
$319 Buy Now

What is a cryptocurrency hardware wallet?

A cryptocurrency hardware wallet or cold wallet is the one that stores data away from any digital source. In the case of cryptocurrencies, they are used to keep them away from the vulnerable internet. When your money is stored in a hot wallet, this wallet can be hacked or simply not be safe enough for other people to access your data. Some examples of hot wallets would be MyCrypto or Jaxx.

These devices not only store your money securely, but they also are very practical. Let’s imagine you lose the key to your hot wallet address, what can you do? Nothing really. On the other hand, let’s say you lose your hardware wallet and even forget your password, you can still reset it and recover your funds without being a genius. The procedure is simple, you only have to enter your 24-word passphrase and set a new password. It is a safe and easy way to never lose access to your coins.

Benefits of using a Cryptocurrency Hardware Wallet

Using a cryptocurrency hardware wallet makes the day-to-day life of a crypto holder much more convenient. The efficient use of wallets and the ease to perform transactions is essential for blockchain adoption. Cold wallets such as the Ledger Nano S or the KeepKey are innovative technologies which will allow the wide use of cryptocurrencies. The benefits of using a cryptocurrency hardware wallet are the following:

  • Private keys are never stored or displayed on your computer, which makes it impossible for Malware to access your confidential data.
  • Hardware wallets can host multiple cryptocurrencies.
  • Transactions are verified on the device, to ensure the user is physically behind the computer.
  • Efficient management for private and public keys, no more confusions or documents to save your passwords.
  • Cryptocurrency hardware wallets can always be reset into a new device, in case of a burglary, loss or damage you won’t have to worry about your funds.

How We Picked the Best Cryptocurrency Hardware Wallets

We judge the devices on different characteristics. Some cryptocurrency hardware wallets might not include the features you are looking for, others could be way out of your price range, that is why at CoinDiligent we always rate products on their essential characteristics. In cryptocurrency hardware wallets, we rate based on the following:

Security

Security is the most important feature for a cryptocurrency hardware wallet since that is probably the first reason you had in mind to consider buying one. By storing your coins on a cold wallet, you remove all kind of connection between the exposed computer and your money. Human interaction is required to connect the device and to further unlock the device. Thieves won’t be able to steal the coins unless they physically own the device.

User experience

Once you own the right cryptocurrency hardware wallet and start using it, there is a sensation no hot wallet will ever make you feel. The feeling of easy-access to your coins and safety it provides makes the user more confident in the use of cryptocurrencies. We rate cold wallets on the level of simplicity they provide for the ordinary user. Characteristics such as elegance can only be judged by the user himself. We want everyone to feel comfortable around their cold wallet, that is why we focus our ratings on the most essential points.

Price

Every user has a different budget and financial position, we make sure the best cryptocurrency hardware wallets displayed are affordable for everyone. A lot of people in the cryptocurrency space are here to make money, so let’s keep making money and only spend it on the products with the best Price-Quality ratio.

Design

Nowadays, everyone wants to have a beautiful phone, a modern computer, etc. These small details give hints to people about your personality. Well, the same thing goes for cryptocurrency hardware wallets. Some people just feel like a ledger-kind-of-person, or others would feel like a trezor-kind-of-person, everyone is different and should have a wide range of choices. The design is a very difficult category to rate, however, we usually base these evaluations on what the majority of our community thinks.

Customer Service

Customer Service or Customer Support is very significant in the use of cryptocurrency hardware wallets. We are all learning every day, and in case we just don’t know what to do, it is fabulous to have a specialist just one phone call or email away. This support that the company offers is essential for new members to join the community, therefore it is essential for global adoption of cryptocurrencies.