5 Best Hardware Wallets (July 2024)

Hardware wallets are physical devices that store your private keys and allow you to sign transactions offline. This means that your funds will remain safe even if your computer is compromised.

They are considered the most secure way to store your cryptocurrency, as they are not vulnerable to hacks like certain software wallets are. Hardware wallets also allow you to securely backup your keys, so you can always recover your funds if you lose your device.

There are many different hardware wallets on the market that support a wide range of cryptocurrencies and are very user-friendly. All these wallets vary in terms of features and benefits, but there's one common ground among them all: they all provide a high level of security for your digital assets.

Speaking of hardware wallets, you must know that a hardware wallet is a great option if you're looking for a safe and convenient way to store your coins. So, without further ado, let's check out the best options available!

1. KeepKey

KeepKey is a popular choice for those looking for a simple and easy-to-use hardware wallet. It supports multiple currencies, more than 40 to be specific, including Bitcoin, Ethereum, Litecoin, Dogecoin, and Dash.

First released in 2015 and subsequently bought by ShapeShift, KeepKey provides a safe and secure way to store your cryptocurrencies. Being synced with the ShapeShift wallet means it gives you the option to exchange right from your wallet.  While the wallet doesn't support as many coins as some competitors, the selection on hand should satisfy most users.  Furthermore, it uses a secure chip and an OLED display to provide a user-friendly interface.

As for its type, it is a Hierarchical Deterministic (HD) wallet, which means that your private keys are generated and stored hierarchically.  This allows for multiple levels of security and easy backup.  Like most wallets of this kind, it is only usable when connected via a USB cable plugged into an internet-connected device.

Importantly, KeepKey boasts a ‘Deterministic Build Process‘.  This means that the firmware used is open-source and able to be audited by anyone.

KeepKey tops our list because of its ability to balance features, security, and cost.  While competitors like the Trezor T offer premium features like a color touchscreen, such features demand a premium.  Where KeepKey prices typically come in at $80, the latter commands over $180.  By offering security and a bevy of features at an attractive price point, the KeepKey is the perfect hardware wallet for the masses.

Click Here to Buy a KeepKey

2. Trezor

Trezor is another popular choice, as it is one of the most secure wallets available and also supports a wide range of cryptocurrencies. It is easy to use and features a minimalistic design, clean UI, and built-in display that shows you all the information you need to confirm a transaction. Moreover, it also has a robust security system that includes a pin code and a recovery seed.

Trezor wallets are electronic devices resembling USB drives designed to create both private and public keys. It offers several versions of the hardware wallets, including the original Trezor One, Model T, and the newest entry known as the Trezor Safe 3.

Trezor Model T uses the latest encryption methods to protect your digital assets, and thus, it is quite expensive compared to the other crypto hardware wallets. Such impressive features make Trezor Model T the preferred choice for both the hardware wallets as well as the DeFi platform for integrations in order to give its users complete security for their cryptocurrency.

Simply put, Trezor is an excellent choice for those looking for a secure and user-friendly hardware wallet compatible with dozens of external wallets.

Click Here to Buy a Trezor T

3. Cypherock X1

The Cypherock X1 is a newer offering that has taken an intriguing approach toward security by incorporating the idea of decentralization into required seed phrases.  Rather than storing your seed phrase on a piece of paper, metal, or some other medium, the Cypherock X1 breaks up the phrase into multiple pieces – 2 of which are required to restore associated wallets.  This approach is essentially a form of 2FA, requiring any would-be thief to gain access to multiple devices stored in multiple locations.  Needless to say, this greatly improves the security of the hardware wallet.

In addition to its unique approach toward securing seed phrases, the Cypherock X1 can act as a vault for storing seed phrases for multiple other wallets, supports thousands of digital assets, boasts inheritance features, and more.  Importantly, the wallet boasts third-party auditing of its open-source code, allowing the world to clearly assess the foundation on which the offering is built.

Overall, the Cypherock X1 is a solid offering that looks poised to only improve over time.  For those who take security and flexibility seriously, the Cypherock X1 is worth consideration.

Click Here to Buy a Cypherock X1

4. CoolWallet Pro

Developed by CoolBitX, the CoolWallet Pro is a mobile Bluetooth hardware wallet that provides a high level of security for your crypto assets. It features a built-in display and touch screen to view your transactions and confirm them with a single tap.

CoolBitX also has a built-in battery, so you can keep your wallet powered on and ready to go even when you're on the go. And if you ever lose your CoolWallet Pro, you can restore it from a backup.

You must download the CoolWallet App and pair your device over encrypted Bluetooth to get the most out of your wallet. This will allow you to trade, buy, sell and monitor your crypto assets on the go.

With a reinforced secure element (EAL 6+) to rival the Ledger Nano X, as well as multiple biometric security measures, including physically pressing the button to confirm transactions, CoolWallet makes a compelling argument for taking up a bit of real estate on your physical wallet.

CoolWallet supports Binance DEX, WalletConnect, token-to-token exchange, and many enhanced features to facilitate the support of DeFi protocols, NFT collectibles, DApps, airdrops, and other emerging crypto products and services.

Click Here to Buy a CoolWallet Pro

5. BitBox02

BitBox02 by Shift Crypto is a notable contender among hardware wallets – especially for users who prioritize both security and simplicity.  Swiss-engineered, the BitBox02 distinguishes itself with a minimalist design and an emphasis on straightforward usability, making it an attractive choice for both beginners and seasoned crypto enthusiasts.

Its open-source firmware bolsters the transparency and trustworthiness of the device, which is widely recognized as a crucial aspect in the realm of digital asset security.

Available in two variants, the Bitcoin-only edition caters to purists of the leading cryptocurrency, while the multi-edition supports a range of other cryptocurrencies, offering versatility to users.

Notably, the BitBox02 integrates unique features such as a dual-chip design for added security and a touch-slider interface, which provides a novel yet intuitive user experience. This blend of simplicity, security, and Swiss-quality engineering places the BitBox02 among the top hardware wallets in the market, appealing to a broad spectrum of users seeking reliable crypto asset storage solutions.

Click Here to Buy a BitBox

Conclusion

Hardware wallets are considered the most secure type of wallet, as they store the private keys for your cryptocurrencies offline. They also allow you to make transactions and easily track your balance.  With the ever-growing list of supported cryptocurrencies and the increased focus on security, it is no wonder that hardware wallets are becoming more and more popular.  While there are many different hardware wallets on the market, we believe that the best ones in 2022 are the above-listed five options.