Best Crypto Hardware Wallets In 2024

Are you curious about which are the best crypto hardware wallets for you? Here, we will discuss the top crypto software and hardware wallets for investors in 2024. 

We will also discuss crypto wallet types, features, supported cryptocurrencies, prices, pros, and cons, which will help you choose the best one for you.

Tips for selecting the best crypto hardware wallets

When choosing a non-custodial wallet, the initial consideration is deciding between a hot and cold wallet. These terms might seem new, but the key distinction between a hot wallet and a cold wallet lies in its internet connection.

A hot wallet is typically stored on an online device. These services are normally complimentary, providing additional features like trading or staking for a fee. 

Using a hot wallet allows for convenient transactions with crypto, but it also poses a higher risk of being accessed by hackers online.

A cold wallet/ hardware wallet is stored on a device not connected to the Internet. Typically, a cost is involved as you must purchase a specific hardware device for storing your cryptocurrency. 

Since they are not linked to the Internet, they might be more challenging for other users to access. However, recovering the information may be quite difficult if the physical device is lost.

Table of Contents

best cryptocurrency wallets in 2024

Top Hot Wallets for February 2024

Coinbase Wallet: Best for beginners 

MetaMask: Best for Ethereum 

ZenGo: Best for easy account recovery 

Guarda: Best for cryptocurrency selection 

Crypto.com DeFi Wallet: Best DeFi Wallet for staking 

Trust Wallet: Best for Binance and Binance.US users 

Exodus: Best for customer support 

Ledger: top wallet for wallet integrations¬†¬†‚Äć

KeepKey: Best hardware wallet for price.

Electrum : Top Choice for Desktop Bitcoin Wallet

BlueWallet – Best Mobile Bitcoin Wallet

best crypto hardware Wallets in February 2024

Trezor: Best secure hard wallet.

Introducing the Ledger Nano S Plus: The Best Hardware Crypto Wallets.

SafePalThe Ultimate Hybrid Crypto Wallet

CoinBase Wallet: best for beginners

Pros

Cons

Coinbase is our top choice for beginners looking for a user-friendly and secure hot wallet supported by a reputable exchange.

Coinbase Wallet’s user interface was crafted for easy navigation, featuring a straightforward three-tab layout and easily recognizable functions. This application links to a variety of prominent bank accounts.¬†

It can hold well-known cryptocurrencies like Bitcoin, Litecoin, Dogecoin, and BNB, along with all ERC-20 tokens and tokens on EVM-compatible blockchains.

It’s crucial to differentiate between the Coinbase exchange and the Coinbase wallet. Coinbase is considered one of the most established and popular cryptocurrency trading platforms in the United States.¬†

Storing your digital assets in the exchange’s web wallet may simplify trading, but it also increases the risk of exposing your coins to serious cybersecurity threats.

You can utilize the Coinbase wallet without creating an account with the exchange. It’s non-custodial, ensuring the private key is stored on your device rather than on Coinbase’s servers.¬†

You can trust that your currencies will not be locked or vulnerable to cyberattacks on the website.

¬† ¬† ¬† ¬† ¬† ¬† ¬† Assets supported:¬†“Thousands” as per Coinbase marketing materials.

              Is it possible to convert to cold storage? : Yes.

              Staking and DeFi support: Yes

              Price: Free

Additional highlights:

  • Provides biometric authentication (e.g., FaceID, TouchID) by utilizing the Secure Enclave chip included in Android, iOS, iPad, and Mac devices.
  • Allows access to decentralized¬†exchanges¬†in-app, which can convert tokens without intermediaries.
  • Provides optional cloud backups to secure your digital keys.

Trust Wallet : Top Pick wallet for Mobile

Pros

Cons

Reasons for our selection:

Trust wallet is the top choice for mobile crypto wallets due to its user-friendly interface, integrated dApps and NFT support, and extensive range of supported assets.

Trust Wallet is a well-known mobile online cryptocurrency wallet and the official mobile application of Binance, the biggest cryptocurrency exchange globally. 

Even though it’s associated with Binance, the wallet is non-custodial, so it doesn’t store your private keys, putting the responsibility of keeping them safe on the user.

This wallet stands out for supporting over 70 blockchains, making it a versatile option for users. That‚Äôs how it manages to store a diverse range of digital assets ‚ÄĒ more than 4.5 million coins and tokens, the highest number on our list.

For those who are passionate about NFTs and decentralized apps, Trust Wallet is an excellent choice for mobile users. With a built-in Web3 browser, users can conveniently access dApps and blockchain games directly within the app. 

This feature simplifies purchasing NFTs, allowing users to look around, buy, and store tokens through the integrated decentralized exchange, all within the app.

 

Assets supported: More than 1 million

Supported blockchains: 70 supported blockchains, including Bitcoin, Ethereum, Solana, and Litecoin! 

Is it possible to convert to cold storage? : Yes, to Ledger via a browser extension.

Staking and DeFi support: Yes

 Price: Free

Additional Highlights:

  • Ranked as one of the top cryptocurrency mobile wallets on both Apple and Google app stores.
  • Integration with Binance decentralized exchanges allows users to purchase many tokens using a debit or credit card.

KeepKey - Best Cold Wallet for Beginners

Pros

Cons

KeepKey is priced at $78 with complimentary shipping, providing strong security and a wide range of features at an affordable rate. The wallet’s main benefits are its level of control and visibility.¬†

The device’s spacious screen provides enhanced visibility for each transaction, requiring manual approval through the confirmation button.

KeepKey excels in security measures. This device offers PIN protection to prevent unauthorized access, allows for additional passphrases, and enables the creation of multiple wallet addresses on a single device. 

Furthermore, it operates without a conventional operating system, making it immune to viruses, malware, and key loggers.

Price: $49 for cheapest model 

Supported cryptocurrencies: Bitcoin, Ethereum, Litecoin, and dozens more! 

Additional Highlights:

  • This hardware wallet is the first to receive security certification from a government agency (in Ledger’s case, from ANSSI, the French cyber security agency).
  • The Ledger Live app allows users to monitor, lend, stake, buy, and sell digital assets.

Electrum : Top Choice for Desktop Bitcoin Wallet

Pros

Cons

Electrum is our top recommendation for the best Bitcoin wallet due to its solid safety features and high level of customization.

Electrum, founded in 2011, is one of the oldest and most well-known cryptocurrency wallets available today. It’s also one of the few surviving cryptocurrency wallets that only accept Bitcoin, which Electrum is specifically designed to support.

The wallet includes several strong security features, such as 2FA, transaction-proof verification, and multi-signature wallet compatibility. 

Users can also customize their fees based on how long they’re willing to wait for a transaction to complete: Pay extra costs, and your transaction will be processed faster.

One of the wallet’s most valuable features is its lightweight client, which can be installed in minutes and takes up less space on your computer than typical wallet clients. 

Using simple payment verification (SPV), the wallet only downloads sections of the blockchain, allowing transactions to be completed more quickly while maintaining security.

Assets supported: one (BitCoin)

Price: Free

Supported cryptocurrencies: Bitcoin only

Is it possible to convert to cold storage? : Yes.

Staking and DeFi support: No

Additional Highlights:

  • Integration with hardware wallets for cold storage, such as KeepKey, Ledger, and Trezor
  • It supports both normal deterministic and hierarchical deterministic (HD) accounts.

Exodus - Best for Desktop

Pros

Cons

Reasons for our selection:

Exodus is the top choice for desktop crypto wallets due to its fast transactions, user-friendly interface, and diverse client features.

Originally designed as a desktop wallet, Exodus has expanded to include apps for both iOS and Android. It is also compatible with Trezor Wallets, a well-known hardware wallet brand. 

However, the desktop wallet application is the main offering and is updated every two weeks. It is available on Windows, Linux, and Mac operating systems.

Exodus Wallet stands out for its extensive support of over 260 cryptocurrencies and NFTs, surpassing many other popular wallets in variety. 

Some of the well-known altcoins in the market include Ether, Litecoin, XRP, Bitcoin Cash, Dogecoin, and Shiba Inu.

Not only does the wallet look great and have an easy-to-use interface, but it also offers a variety of apps to enhance its features. These apps cover live charts, crypto staking, and crypto deposits.

Assets supported: More than 250

Price: Free

Supported cryptocurrencies: 364 supported cryptocurrencies including Bitcoin, Ethereum, and Solana. 

Is it possible to convert to cold storage? : Yes.

Staking and DeFi support: Yes

Additional Highlights:

  • Operates on a lightweight client, utilizing simple payment verification to accelerate transactions without downloading complete blockchains.
  • Personalized fees are available for Bitcoin, Ethereum, and ERC20 transactions

Crypto.com - Best DeFi Wallet

Pros

Cons

Reasons for our selection:

Crypto.com is the top choice for a DeFi crypto wallet due to its wide range of decentralized finance features, user-friendly onboarding, and robust security measures.

Exploring Crypto.com If you’re starting with decentralized finance, DeFi Wallet is a fantastic option. DeFi wallets give users full control over their digital assets and private keys.¬†

In addition to features not found on regular custodial wallets, they offer one-to-one crypto swaps and tools to help users generate passive income from their crypto holdings.

When dealing with exchanges that offer custodial and non-custodial wallets, it’s crucial to understand the difference between them.¬†

Downloading the Crypto.com DeFi Wallet lets you engage in cryptocurrency activities daily without signing up for an account on Crypto.com’s exchange platform.

Consumers must understand that decentralized finance products and services come with substantial risks and should be approached cautiously.

Assets supported: More than 1000

Price: Free

Supported blockchains: 30+ blockchains, including Ethereum, Bitcoin, and Crypto.com blockchain! 

Is it possible to convert to cold storage? : Yes, on the desktop.

Staking and DeFi support: Yes

Additional Highlights:

  • Multiple security measures, such as biometric authentication, 2-factor authentication, and Secure Enclave technology, are in place on iOS devices.
  • Easily link up with various decentralized apps using the WalletConnect tool.
  • Setting up various digital wallets and transferring existing ones.

BlueWallet - Best Mobile Bitcoin Wallet

Pros

Cons

Reasons for our selection:

BlueWallet is the top choice for a mobile Bitcoin wallet due to its feature-packed mobile application, user-friendly interface, and seamless integration with the Lightning Network.

BlueWallet is a great option for Bitcoin traders who prefer simpler software on their desktop computers. Like Electrum, this Bitcoin wallet focuses solely on innovating and enhancing the Bitcoin experience on the platform.

The wallet’s user-friendly interface is perfect for beginners and offers advanced features for experienced users. BlueWallet offers more than just the basic sending, receiving, and storing BTC features.¬†

Users can also take advantage of batch transactions and fee customization. One major benefit of BlueWallet is its seamless integration with the Lighting Network. 

This layer two solution significantly speeds up peer-to-peer payments compared to Bitcoin’s layer one network. Imagine the Lightning Network as a fast lane built on the traditional Bitcoin blockchain.

Additional Highlights:

  • Watch-only wallets allow users to monitor their cold storage without using their private key.
  • BlueWallet offers plausible deniability, enabling users to create an alternative password to decrypt a decoy wallet.

MetaMask - Best for Ethereum

Pros

Cons

Reasons for our selection:

MetaMask stands out as the top choice for an Ethereum wallet due to its intuitive interface that grants swift access to a wide array of tokens and decentralized apps (dApps) on the Ethereum network.

MetaMask is a popular Ethereum wallet with over 30 million monthly active users. This popularity can be attributed to its user-friendly interface and widespread availability. 

For those new to investing, the wallet features a user-friendly design perfect for storing and sending Ethereum-compatible cryptocurrencies and engaging with dApps.

MetaMask stands out for its ability to work seamlessly with various blockchain solutions. You can integrate various blockchain networks into the app, as the wallet is compatible with well-known Web3 networks such as Polygon, BNB Chain, and Avalanche. 

One can also utilize the wallet to explore well-known NFT marketplaces such as OpenSea and exchange a range of collectables.

You can easily download the wallet as an extension if you’re a fan of Google Chrome, Microsoft Edge, Mozilla Firefox, or Brave browsers. Consider installing the MetaMask app on your Android or Apple mobile devices.

Assets supported: More than 1200

Price: Free

Supported blockchains: Ethereum, ERC-20 tokens, and Layer 2 solutions like Polygon! 

Is it possible to convert to cold storage? : Yes.

Staking and DeFi support:Through connected apps

Additional Highlights:

  • Your account information is securely encrypted and stored locally. None of your data is stored on the MetaMask servers, giving you complete control over your private keys.
  • Easily switch between layer one and layer two Web3 solutions.
  • Developed using open source code, enabling software review by developers and security experts to ensure its security.

ZenGo - Best for Easy Account Recovery

Pros

Cons

Reasons for our selection:

ZenGo stands out as one of the most user-friendly wallets available. ZenGo offers a standout feature: every wallet contains two ‚Äėmathematical secret shares‚Äô ‚Äď one for the user and one stored on the company‚Äôs server.¬†

Unlike other wallets, ZenGo wallets allow you to recover your wallet even if you lose access to your private keys.

Price: Free

Supported blockchains: Bitcoin, Ethereum, Dogecoin, and more!

Guarda - Best for crypto currency selection

Pros

Cons

Reasons for our selection:

Guarda can be accessed on desktops, mobile devices, and browsers! Guarda is recognized for its extensive support of various blockchains and cryptocurrencies. 

Guarda’s website states that the wallet is compatible with over 400,000 cryptocurrencies! Guarda does not support NFTs, unlike the other wallets on this list.

Assets supported: More than 4,00,000

Price: Free

Supported blockchains: 50+ blockchains, including Bitcoin, Ethereum, Cardano, and Solana! 

Is it possible to convert to cold storage? : Yes.

Staking and DeFi support: Yes

3 best cold/Hardware wallets

Best Hardware Crypto Wallet: Ledger

Pros

Cons

Our top choice for the ultimate hardware wallet is the Ledger Nano S Plus. It boasts a wide range of supported assets, a robust security system, and the ability to trade directly via the Ledger Live app.

Ledger is a prominent name in the cryptocurrency industry, offering hardware wallets many digital asset fans prefer. 

The products have a Secure Element component, a chip commonly found in passports, credit cards, and payment systems, to enhance security.

The initial wallet, Nano S, was upgraded in April 2022 to Nano S Plus. This new version featured an enhanced display, increased storage capacity, and a USB-C cable port. 

This new version of the Ledger Nano S has enhanced an already impressive entry-level product, making it even more appealing than the Ledger Nano X.

Priced at $79 (excluding tax and duty), this wallet is a compromise between budget-friendly and high-end options currently on the market.

It measures 2.5 x 0.69 x 0.32 inches and has a 128 x 64-pixel display, making it convenient for portability and app navigation.

Assets supported: More than 5,500.

Price: $79 for cheapest model 

Supported cryptocurrencies: more than 5000+ currencies

Is it possible to convert to cold storage? : Yes.

Staking and DeFi support: Yes

Additional Highlights:

  • This hardware wallet is the first to receive security certification from a government agency (in Ledger’s case, from ANSSI, the French cyber security agency).
  • The Ledger Live app allows users to monitor, lend, stake, buy, and sell digital assets.

Trezor - Ideal hard wallet and secure hot wallet

Pros

Cons

Reasons for our selection:

Just like Ledger, Trezor stands out as one of the top hardware wallet brands in the crypto world. Created by SatoshiLabs, Trezor stands out as the original hardware wallet in the cryptocurrency space. 

Both of its latest models offer top-notch security features and wide asset support.

This hardware wallet is affordable compared to others on the market‚ÄĒthe Trezor One is priced at only $69! As of now, Trezor is compatible with approximately 1,000 different cryptocurrencies. Trezor has a distinct hot wallet integration than Ledger.

Price: $69 for cheapest model 

Supported cryptocurrencies: Bitcoin, Ethereum, Binance Smart Chain, Cardano, Solana, and 1,000+ other cryptocurrencies! 

Additional Highlights:

  • It works seamlessly with popular apps like UniSwap, OpenSea, Aave, and Yearn. finance.
  • Over 7,200 cryptocurrencies are supported on 348 blockchain networks.

Best Hybrid Crypto Wallet: SafePal

Pros

Cons

We have chosen Safepal as the top hybrid crypto wallet due to the seamless integration of its software and hardware solutions.

SafePal offers a unique option to utilize the brand’s hot or cold wallet solutions exclusively. 

It can be accessed through software like a wallet app or browser extension or hardware like various cold wallet models. Users who have both can benefit from extra functionality and flexibility.

SafePal’s flexibility is enhanced by its ability to support over 15 languages and 30,000+ digital assets on over 100 blockchains. The wallets are Web3-enabled, enabling users to engage with dApps, trade NFTs on various platforms, and explore DeFi projects, among other things.

The SafePal S1, the most budget-friendly model from the company, stands out due to its use of air-gapped signing mechanisms. 

This feature guarantees the security of your cryptocurrency transactions against online threats. The air-gapped signing mechanism allows you to sign outgoing transactions without relying on cables, Bluetooth, or WiFi connections.

Additional Highlights:

  • SafePal S1 features a sleek design with a large colour screen, a QR code scanner, and a D-pad controller.
  • Utilize the Binance API for seamless trading and staking.
  • Track real-time K-line data effortlessly.

Other popular Crypto hard and cold wallets | mining wallets

Robinhood - best security wallet for crypto

Pros

Cons

Robinhood Wallet is a Web3 crypto wallet that was released in early 2023. It lets current Robinhood users fully handle their digital assets, even though they couldn’t deposit or withdraw crypto from their accounts before.

With a self-custody wallet, users are the only ones with access to the secret key. This means that users are fully responsible for their crypto and NFTs. 

The wallet’s simple, clean design makes it easy for new crypto fans to use. It can connect to many dApps and supports many blockchains, such as Ethereum and Polygon.

atom - Ideal crypto wallet for mobile and desktop

Pros

Cons

Another great thing about Atomic Wallet is that it is a hot storage wallet. People can use it without creating an account. Customer service is available 24 hours a day, 7 days a week, and works with many assets. 

One great feature is Atomic Swap, which lets you trade currencies without needing a third party. It does this using a decentralized cryptocurrency market built into the wallet.

coinomi - best user interface crypto wallet

Pros

Cons

Coinomi was created as a multi-chain wallet, enabling users to conduct transactions across various blockchains. With robust security measures, the wallet provides access to a wide range of tradable assets and supports 168 fiat currencies, all displayed in 25 languages.

What is a crypto wallet?

Utilizing a cryptocurrency wallet ensures safe transactions, storage, and receipt of cryptocurrency. When it comes to cryptocurrency, wallets are generally considered a safer option than exchanges. Unlike traditional exchanges, only individuals with the wallet’s private keys can approve transactions.

Can you explain how a crypto wallet functions?

Storing and managing your cryptocurrency is simplified with a cryptocurrency wallet.

A wallet consists of public and private keys. Public keys are like bank account numbers that display your cryptocurrency balance without compromising your account’s security. Private keys enable the wallet holder to access cryptocurrency and authorize transactions.

Which wallet is the best fit for me?

Which wallet suits your needs? Join me as we explore the differences between hot and cold wallets. 

Hot wallet: A hot wallet streamlines various tasks, such as trading NFTs and accessing DeFi protocols. 

Hardware wallets, known as cold wallets, generate and store private keys offline. Using cold wallets helps prevent unauthorized access to your online wallet and the theft of your digital assets. 

Important key factors when choosing a wallet 

Consider these key points before selecting a digital wallet for your cryptocurrency. 

Reputation: Regrettably, scams and hacks are widespread in digital currencies. Choosing a cryptocurrency wallet with a strong reputation is crucial. 

Reason: Before selecting a wallet, it’s crucial to understand the reason for seeking a cryptocurrency wallet. Choosing the right wallet depends on your requirements. 

For instance, using a hot wallet such as MetaMask could be ideal for those interested in decentralized protocols. In contrast, a cold wallet could be more suitable for those aiming to store their cryptocurrency securely in the future. 

Check out the list of supported blockchains before selecting a wallet to ensure your crypto assets are compatible. 

best crypto hardware wallet FAQ'S

A cryptocurrency wallet makes storing, sending, and receiving cryptocurrency simple and secure.

Choosing the right crypto wallet depends on your requirements. If you’re starting to invest, Coinbase Wallet is a great choice. It offers a variety of supported cryptocurrencies and is user-friendly for beginners.

Investors seeking secure storage will find hardware wallets like Ledger and Trezor excellent choices!

For a “hot” or software wallet, you’ll need to install the software on your mobile or desktop device. When dealing with custodial wallets, you must complete a registration process on the wallet’s website or app.

To acquire a “cold” or hardware wallet, you must purchase the physical product, usually on the brand’s website. Upon its arrival, set up the wallet before you begin using it.

Keeping a virtual representation of various fiat currencies like USD, EUR, and GBP in a digital storage compartment is made possible with a fiat wallet. Governments issue traditional currency unsupported by a physical commodity like silver or gold. Several cryptocurrency exchanges in the USA provide fiat wallets to eliminate the delay in depositing fiat on an exchange.

For experienced traders focused on trading specific coins, finding a wallet that meets that particular currency is best. For those new to the crypto market, start with Coinbase Wallet, a top choice for beginners, or Trust Wallet, ideal for mobile users.

A top-notch wallet should offer top-notch security for your public and private keys, with features like two-factor authentication and multi-signature support for software wallets. If security is your top priority, consider the Ledger Nano S, as it offers a high level of protection due to being a hardware wallet known for its enhanced security compared to software wallets.

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