Top 5 Cryptocurrency Hardware Wallets in the Market Today

Ever since the emergence of the Bitcoin back in 2009, all people can think about after hearing the words crypto or blockchain is Bitcoin. Even though digital currencies can be quite volatile, they are still in popular demand. A single Bitcoin is worth thousands of dollars still. Since Digital currency is here to stay, and they continue to increase in value, people are more than interested in having some. But in today’s cyber world, you need to understand how to safely store Bitcoin and currencies as such, before they can buy some. The reason being that if your crypto gets hacked, it is definitely not coming back. You need the best hardware wallet according to your needs.

To help the people who are looking to invest in digital currency, we have compiled a list of the best crypto storage and wallet devices. Some wallets have more features, than others, such as being able to store multiple digital assets and added security measures.

The following list is randomly aligned, the position of each wallet, does not represent being better than or worse than the other. So here we go:

Exodus (excellent for beginners)

Exodus is a mobile wallet and laptop with a very basic user interface and a built-in exchange. The ability to switch between an increasing number of cryptocurrencies is one of the most common features of Exodus. Presently, Exodus makes swaps between more than 100 different cryptocurrencies. This wallet is perfect for beginners just getting into the crypto room, with its simplicity. It also has excellent support, which is an important aspect of breaking into what many would consider a confusing market for beginners.

Although it is perfect for beginners, it may lack certain functionality for more advanced users. Firstly, a closed source wallet is Exodus. This goes against the ethos of the philosophy of Bitcoin and blockchain, and as the code is not available for all to see, it may raise some security issues. Instead, users are reliant on the Exodus team to ensure that the protection of their wallet does not have any gaps.

Electrum (for more advance users)

Electrum is one of the wallets of the original Bitcoin. It has existed since 2011, two years after the launch of Bitcoin, and has changed little since then. Although this wallet is bare-bones in terms of its user interface and its devotion to Bitcoin alone this primary feature excels. Due to its complex choices, Electrum is also more appropriate for experienced users.

Electrum is open source, enables custom transaction fees to be set by its users, and has the choice to choose from legacy Bitcoin and Segwit. It also includes the opportunity for users to decide the degree of protection they want to use. You may for example, build a regular wallet, one with two-factor authentication, or a wallet with multiple signatures. Your seed phrase can also be elongated with custom phrases. Electrum is suitable for the more experienced Bitcoin holder who needs great security features and customizability in a simple interface.

Ledger (A popular hardware wallet)

The Ledger Nano X is Ledger’s second-generation hardware wallet, a French company that has been interested for many years in the cryptocurrency room. One of the very first Hardware crypto wallets on the market, Ledger’s first product, the Ledger Nano S, dominated space for several years.

The Nano X resembles a USB drive and connects via USB or Bluetooth to your computer. This means you can attach your wallet to your smartphone running iOS or Android and do not need a machine. Well over 1,500 cryptocurrencies are funded by it. Each year, this list continues to expand as the group requests support for their favourite cryptos. While the system itself is a hardware wallet for cold storage, the Ledger team developed the Ledger Live app that provides all your holdings with a user interface. This allows users the opportunity to connect new wallets to their computers for various cryptocurrencies and control their portfolios.

OPOLO Hardware Wallet (New but excellent security)

OPOLO Review 2020 | All in one Hardware wallet | CoinCodeCap

OPOLO

The OPOLO hardware wallet comes with a special, private key that OPOLO only knows and can be used for genuine verification of the product. The OPOLO wallet’s USB communication with the desktop or mobile app is encrypted with one of the most secure encryption algorithms in use today, i.e. AES CBC with a key length of 256 bits. The OPOLO wallet app has integrated two coin exchange options from third parties, so you can get the best possible conversion rates. Hold your money for more! If there are 7 or more password errors, the OPOLO wallet gets bricked and deletes the wallet data for the ultimate security and protection of your crypto properties. OPOLO wallet PCBs are potted so that the system circuit and the chips cannot be manipulated by anyone, offering the most extreme security possible against any hardware-based attacks.

One of the most user-friendly interface on the market today is provided by a 3.2-inch touch screen with a TFT LCD. The touch screen display makes it very easy to access the protected computer directly with mnemonics, passwords, and passphrases. The keys often appear on the keyboard in a randomised order to protect your password and passphrases and secure them. It also allows us to protect the computer from a touch panel chip modification that gets data from the touch screen. This is an extra layer of protection on wallets that you don’t frequently see. When mounted on the computer, OPOLO firmware is signed with OPOLO keys and encrypted. This allows us to secure the system against installs of unauthorised firmware. If any non-signed firmware setup attempt is made, the system will be bricked.

Trezor (Good to manage multiple currencies)

Trezor is a name synonymous with crypto cold wallet storage, including Ledger. The 2nd generation of hardware wallets they have developed is their Model T. The Trezor Model T is alot like the Ledger, but it allows the user the opportunity to directly access third-party exchanges in its website interface, such as Changelly and Shapeshift. Although this is very convenient, the more costly $170 price tag is hardly justified. The Model T uses a touch screen, which can be used more conveniently by beginners than the buttons used for the previous model. The Trezor also has a MicroSD card slot, that lets you to encrypt the PIN by using the MicroSD cards and further secure your device from attacks. Much like the Ledger Nano X, so you can connect to either your smartphone or desktop computer. At present, almost 1,400 distinct cryptocurrencies are supported by the Trezor Model T.

Comments are closed