HARDWARE WALLETS
A hardware wallet is a special type of bitcoin wallet which stores the user's private keys in a secure hardware device. They have major advantages over standard software wallets: private keys are often stored in a protected area of a microcontroller, and cannot be transferred out of the device in plaintext.
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Founded in 2014, Ledger produces some of crypto's most popular hardware wallets. These devices are known for being user-friendly, and they currently support over 1,250 cryptocurrencies. The company's original and most affordable solution, Nano S, can run between 3 and 6 applications at a time. The more expensive Nano X is a Bluetooth-enabled device that can support up to 100 apps. For security, Ledger integrates a certified secure chip to host private keys and uses a custom operating system known as BOLOS, which protects against attack and isolates apps from each other.
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Launched in January 2014, Trezor is crypto's original hardware wallet. It runs on open-source hardware and software and currently supports over 1,000 cryptoassets. There are two Trezor models, the Trezor One and the Trezor Model T. The Trezor One is less expensive and one of the world's most popular hardware wallets. The Model T supports more cryptocurrencies than the Trezor One and offers additional security features. It also comes with an LCD touchscreen, a major UX improvement over the One's push-button controls
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ShapeShift's KeepKey hardware wallet supports more than 40 cryptocurrencies. To ensure transparency, the device features a large display, and each transaction must be manually approved by pressing a confirmation button. On approval, assets are exchanged through the wallet's integration with ShapeShift's crypto trading platform. For security, KeepKey offers PIN protection and lets users generate and manage their private keys offline. It also provides straightforward backup and recovery tools.
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The Archos Safe-T mini is a hardware wallet assembled in Verquin, France. According to its creators, the hardware wallet is compatible with more than 75% of the existing cryptocurrencies including Bitcoin, Bitcoin Cash, Bitcoin Gold, Litecoin, Dash, Ether, Ether Classic, ERC20 Tokens, Groestlcoin, Monacoin, le Fujicoin, Bitcore, and others. The team states that it is continuously working on adding support for new cryptocurrencies. The Safe-T mini connects to a computer or a mobile device using a micro USB cable. The hardware wallet is powered by an open-source system based on the proven software from TREZOR.
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Coldcard is a Bitcoin-only hardware wallet, produced in Canada by CoinKite. It combines a secure element and an open-source system to provide the highest level of protection. It is considered the only hardware wallet with an option to never be connected to a computer, for full operation - from seed generation to transaction signing. The wallet has an integrated microSD card slot for backup and data storage. Coldcard has a bright, 128x64 pixel OLED screen which shows all the critical details of your transactions. It also has a full-sized numeric keypad makes entering PIN easy and quick. The wallet is easy-to-use and is suitable for everyone - from the industry newcomer to the experienced trader or long-term HODLer.
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SafePal is the first hardware wallet backed by the Binance exchange. It features a secure crypto element and an EAL 5+ financial grade crypto chip, designed to protect the user's private keys. The wallet operates 100% offline which helps prevent risks from USB, Bluetooth, Wi-Fi, NFC, or other radio frequency attacks. SafePal employs multi-layer security schemes and has an embedded self-destruct and key-erasing mechanism. SafePal supports BTC, ETH, BNB, ERC20, BEP2, NEP5, TRC10, and TRC20 tokens.
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BitBox (now BitBox02) is a minimalist hardware wallet from Shift Crypto. For passwords and navigation, the device uses touch sensors that recognize gestures like tap, slide, and hold. It also includes a display for verifying transactions. It comes with a secure chip for recovery phrase protection and offers instant microSD backups, which can be managed through BitBoxApp, a dashboard app available for macOS, Windows, Linux, and Android. There are two versions of the wallet: Bitcoin-only and the Multi edition, which supports Bitcoin, Ethereum, Litecoin, and ERC20 tokens.
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Opendime is a read-only USB drive produced by CoinKite. It is considered a hardware wallet in the regard that it can hold cryptocurrencies. However, the device is best described as a "Bitcoin Bearer Instrument" or a “Bitcoin Stick”. Opendime doesn’t support the functionality to spend or receive BTC digitally. What it does is to allow you to spend Bitcoin like a dollar bill. Instead of making a digital transaction, you can pass the ownership of the device to the other party, just like when you pay with cash. Opendime is designed as a read-only USB flash drive that works with any computer, laptop, or phone. The QR images and text files inside contain the details needed for the transaction (address and other helpful information). Opendime is often used as an addition to ColdCard.
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CoolWallet (now CoolWallet S) is a credit card-sized hardware wallet that connects with user devices via Bluetooth. It supports leading cryptocurrencies, ERC20 tokens, and stablecoins. For security, private keys are kept in a certified secure element, and transactions are protected with "2+1" factor authentication. To send crypto, users confirm their identity on their phones (via fingerprint or face ID) then press a button on the card. The CoolWallet app is available for iOS and Android. It offers a portfolio tracker and integration with both Binance DEX and Changelly.
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D'CENT offers a variety of hardware wallet solutions, including a card wallet, and a biometric wallet. The D'CENT Biometric wallet is claimed to be the world’s first Bitcoin smart contract-ready crypto hardware wallet with support for the RSK and RRC-20 ecosystems. It works via a built-in fingerprint scanner that guarantees an enhanced access control and fast execution of signing transactions. The D'CENT Card wallet, on the other hand, allows users to simply touch it with an NFC-capable smartphone to manage crypto assets directly from the Wallet App. The devices are equipped with large OLED displays (128x128 pixels) that ensure the quick and convenient verification of accounts and transaction information.