Author: Eduardo Montero
Hot wallets and Cold wallets are the two main types of crypto wallets. Hot wallets are based on keys (a form of cryptography similar to a password). Hot wallets are created on or stored in a device connected to the internet and are less secure than cold wallets.
Cold wallets are cryptocurrency storage solutions that do not connect to the internet. These are also known as Hardware wallets, and they use a physical medium – usually in the form of a USB Stick. This type of wallet is the most secure because hackers would need to access your device as well as the PIN/Password.
It’s hard to choose from the many cold wallets available on the market. The following is a list of the best Cold wallets that are super-secure and easy to use:
What are the best cold wallets for crypto?
1- Ledger Nano X
Ledger Nano X, the second generation cold wallet by Ledger. This is a cold crypto wallet that’s best for a good reason. Mobile users can access their wallets from their smartphones, allowing them to manage, buy, and exchange cryptos while on the move. If you don’t have a laptop with you, you can trade from your Android or iOS device.
Ledger Live is included to allow you to view your balance, send currencies and check them. Ledger can support over 1,800 digital tokens and coins, so you’re not limited to Bitcoin. Ledger Live supports coin staking where you can earn rewards by staking your balance.
The Ledger Nano X is built from brushed stainless steel plastic and contains a 100mAh lithium-ion battery. The box contains one cold wallet along with a USB-C cable to USB-A, a getting started booklet, three recovery sheets and a keychain strap. This crypto wallet gives you access to all smart services, including DeFi apps, NFTs and more.
Ledger Nano X:
Cold wallet
Apps for Android and iOS.
Certification Level: CC EAL5+
Price: $149
Features of Ledger Nano X:
Ledger Nano supports over 5500 coins. This includes popular cryptocurrencies like Bitcoin, Litecoin and Dogecoin as well as Ethereum and ERC20 Tokens such LINK Chainlink.
Type of Wallet : Designed to be a cold wallet (offline storage), the Ledger Nano X provides optimal security, allowing users store their cryptocurrencies off-line, reducing their exposure to online threats.
Ledger Mobile App is compatible with Android and iOS platforms.Size: The compact design of the device, measuring 72mm x 18mm x 1175mm, makes it easy to transport.Material: The Ledger Nano is crafted with precision from brushed stainless steel and durable plastic.
Exchange Incorporated : The device seamlessly integrates with cryptocurrency exchanges to simplify the trading process for users.
Battery: The device is equipped with a Lithium Ion 100mAh Lithium battery which provides 8 hours of battery life.
Connectivity: Ledger nano X supports both Bluetooth and USB-C cables for wired or wireless connections.
Customer Support: Ledger puts its users first, providing comprehensive support via a knowledge base, a live chat feature, and an email address.
Ledger Nano X offers a staking feature to help users earn rewards for their cryptocurrency holdings.
Support for Blockchain: This software is designed to manage ERC20 tokens.
Ledger Nano X has a certification of CC EAL5+. This ensures that the Ledger Nano X adheres to strict security standards.
Price: At $149 it is positioned as a premium hardware Wallet in the crypto market.
Pros of Ledger Nano X
It supports a large number of digital assets
Ledger Live is available to you.
Stores up to 20 apps.
Secure storage at a low cost.
Supports more than 5,500 cryptocurrencies
The device is both mobile and computer-friendly
Cons of Ledger Nano X
The maximum storage for this crypto wallet is three apps
2- Zengo
Zengo is Web3’s most secure non-custodial Wallet. By removing the vulnerability of the private key, it makes it the easiest and most secure wallet for investing in cryptocurrency. In less than 60 second, you can create an account and become the owner of your cryptocurrency.
Zengo Crypto Wallet offers a variety of staking options, including Flexible, Fixed, and Defi. All without staking charges or lockup period. Tezos can be staked directly in the app as well as Ethereum or any ETH Token via WalletConnect.
Zengo:
Cold wallet
Mobile App: Android & iOS
Certification Level: iBeta/NIST ISO 30107-3 PAD Level 1 & 2
Price: Free
Features of Zengo
Zengo supports Tezos directly in the app and Ethereum + any ETH Token using WalletConnect
Type of wallet: Zengo is a cold wallet that ensures all assets are stored offline. This maximizes security and keeps them safe from online threats and attacks.
Global availability: All countries, except Syria, Pakistan North Korea, Bangladesh Iran, Cuba, Sudan and Panama.
Mobile App: Arculus, in recognition of the widespread use of mobile devices, offers mobile applications that are compatible with Android and iOS platforms. This allows users to easily manage their assets.
Zengo wallet supports over 120 blockchains. This allows users to have a comprehensive and versatile crypto management experience.
Certification Level: Zengo wallet is certified to iBeta/NIST ISO30107-3 PAD levels 1 & 2.
Live Support by Human Agents: 24/7 Customer support.
Pros of Zengo
Zengo Crypto Swapping application is simple to use and set up.
Apps are safe to use with 3FA security.
Customer service is available at all times.
Cons of Zengo
Keyless technology can be confusing to new traders.
3- Trezor Model T
The Trezor Model T crypto cold wallet allows users to instantly access third-party exchanges like Changelly or CoinSwitch from the Trezor web interface.
This cold wallet is more user-friendly for beginners than the previous model. The dimensions of the best cold wallet are 64 mm by 39 mm by 10 mm, and it weighs around 22 grams.
The box contains one Trezor Model T wallet, one USB-C to USBC cable, two Recovery seed cards, a Model T magnetic dock and a keychain strap. One of the best wallets for cold storage, it comes with a USB-C to USB A cable. This allows you to connect via a desktop or smartphone.
Trezor Model T:
Type of wallet: Cold wallet
Mobile App: Android
Certification Level: CE & RoHS certified
Price: $179
Features of Trezor Model T
Support for over 1800 coins, including popular cryptocurrencies such as Bitcoin, Ethereum Ripple and HEX.
Wallet Type: Classified a cold wallet to ensure superior security of stored cryptocurrency.
Global Availability: Orders and deliveries can be made to any country in the world.
Exchange Integration: Incorporated feature that facilitates trading.
Compatible with Android devices: Includes an Android app.
Device Compatibility : Compatible with Linux, Android, Windows 10 (and up), and macOS 10.8 or later.
Compact Size: Dimensions of 64 mm by 39 mm by 10 mm.
Connectivity: The USB-C connector is used for connection.
Staking: Although direct staking is not available, the Trezor Model T wallet can be connected to third-party validators or staking pools.
Customer Support: A comprehensive support package is available via email, an extensive Trezor Wiki page, and a FAQ section.
Blockchain Compatibility : Supports ERC20 Tokens
Certificates: CE and RoHS certified.
Batteries: An external power source.
Price: Starting at 189 EUR
Pros of Trezor Model T
Unlimited wallet storage is available.
Keep your passwords safe.
Supports over 1,800 currencies
Network-isolated authentication.
Secure offline storage
Cons of Trezor Model T
It is hard to type on a small touchscreen
Crypto Cold Wallet is not very secure.
4- ELLIPAL Titan Bundle
ELLIPAL’s Titan Bundle, the first cold wallet to be air-gapped, provides you with total network isolation. The wallet is not built with any online components, ports or cryptocurrency apps.
ELLIPAL Titan Bundle:
Cold Wallet
Mobile App: Android & iOS
Certified Secure Element (CC EAL5+).
Price: $199
Features of ELLIPAL Titan Bundle
Coins supported: ELLIPAL Titan Bundle supports a wide range of cryptocurrencies, including BTC, ETH LTC XRP XLM BNB USDT TRX DOT.
Type of Wallet : ELLIPAL Titan bundle is a cold wallet.
Supported Platforms ELLIPAL can be used on multiple platforms including Windows, Mac and Linux.
Customer Support: ELLIPAL values its users and offers live chat support that is responsive to any questions or concerns in real-time.
Mobile App: In order to cater to the increasing mobile user demographic, ELLIPAL offers a mobile application compatible with Android and iOS.
Exchange Integration: By incorporating an exchange function, the wallet makes cryptocurrency transactions easier.
Dimensions & weight: ELLIPAL Titan bundle is compact and portable. It measures 112mm x65mm x18mm.
Material: ELLIPAL’s Titan Bundle contains high-quality aluminum alloy to ensure longevity.
Battery: The ELLIPAL Bundle is powered by a long-lasting battery of 1400 mAh, allowing users to use the device without having to recharge it frequently.
(CC EAL5+ Certified Secure Element)
Full HD IPS Display
Seed Phrase Generator: 24 Words
Price: At $199, the ELLIPAL titan bundle strikes a balance between affordability and premium features.
Pros of ELLIPAL Titan Bundle
The network is completely isolated and cannot be connected to any internet.
Air-tight seals are available for all vehicles.
Provides complete protection from remote and online threats.
Data on breach detection is automatically deleted.
Hardware that is dust-free and waterproof
51 Blockchains
10,000+ Tokens supported
Backups that are fast and accurate
Cons of ELLIPAL Titan Bundle
Bulky in size
Customer support is slow
5- Ledger Nano S Plus
Ledger Nano S Plus was one of their best cold wallets. It’s one of the first wallets that can be used with over 1800 cryptocurrencies. The Nano S has enough storage for wallets to be made with a limited amount of cryptocurrencies.
Ledger Nano s unit size is 104mm by 58mm by 5mm and weighs 16.2g. The Ledger Nano S is made from plastic and stainless steel. The battery is a powerful 100mAh. The box includes 1 cold wallet and 1 USB cable. It also contains 3 recovery sheets and 1 keychain. The USB cable is Micro-B.
Ledger Nano S:
Cold Wallet
Mobile App: Android & iOS
Certification Level: CC EAL5+
Price: $79
Features of Ledger Nano S
Supported Coins Ledger Nano S supports a wide range of cryptocurrency, including BTC, ETH, XRP, BCH, DOT, LTC, TRX, EOS, XLM, ADA and many others.
Type of wallet: The Ledger Nano S is a cold-wallet, which ensures maximum security by storing user assets off-line, away from potential online hackers.
Ledger Nano S is available in all countries, allowing crypto enthusiasts to easily access it.
Mobile Application: Ledger Nano S’s dedicated Android and iOS applications allow users to manage crypto assets on the go.
Ledger Nano S is compatible with a variety of platforms including Windows 8.1+ (including 10.14), Android 7.+ (including 7.0), and Linux.
Ledger Nano S offers an integrated exchange for users that wish to trade. This allows seamless crypto transactions.
Dimensions and Weight: Elegance meets portability. Ledger nano S is 104mm by 58mm by 5mm, and weighs only 16.2g. This makes it easy to transport.
Material: The Ledger Nano S has a durable design, made from plastic and brushed stainless-steel.
Software Wallet Integration: The Ledger NanoS integrates with a variety of software wallets including Bluewallet Electrum Metamask Wasabi and Sparrow.
Staking Support Ledger Nano S offers staking support to users, who can earn rewards for their assets.
Customer Support: Ledger Nano S puts the user first, with a knowledge base that is extensive, as well as live chat and email chat. This ensures all questions and concerns are promptly addressed.
Ledger Nano S has been certified as CC EAL5+.
Battery: The Ledger Nano S is powered by an external source of power, so there are no concerns about battery life.
Price: At a price of $79.00, Ledger Nano S is a great value for money. It offers many top-notch features at an affordable price.
Pros of Ledger Nano S
Ledger Live App offers maximum security and control of your crypto.
USB Hardware Drives are easy to use
Simple and powerful
You can set a 20 digit password for recovery.
Cons of Ledger Nano S
It is difficult to use and confusing for first-time users.
Limit of 18 applications
6- Safepal S1
SafePal S1 Cold Wallet launched in 2019 was three years ago. It supports up to 19 blockchains as well as 10,000+ crypto-tokens, including non fungible tokens. SafePal, one of the most popular cold storage wallets on the market, aims to offer crypto users a simple, safe and easy-to use crypto management solution.
It is also possible to combine multiple operational and security features, such as recovery seed, 2-factor authentication (2FA), or pin code. This makes it a more secure option than the majority of cold wallets.
The wallet is stylish with a clear display, but the keyboard is not very reliable. SafePal is fully functional at temperatures ranging from -4deg F to 158deg F. This cold crypto wallet can be charged with a USB cable. This device has a 400mAh powerful battery and no connectivity.
SafePal S1:
Type of Wallet : Cold Wallet
Apps for Android and iOS.
Certification Level: EAL 6+ Certified
Price: $49.99
Features of SafePal S1
Safepal S1 supports a large number of coins, including 34 blockchains. It also includes an astounding 30,000+ different tokens. Some of the most popular coins supported are BTC, ETH XRP LTC XLM TRX DOGE DOT POLYGON ADA and others.
Type of wallet: Safepal is a cold wallet. This means that it protects user assets from online threats by keeping them offline.
Safepal S1 integrates a wide range of platforms, going beyond storage. The wallet offers a variety of crypto management options, from DeFi to Dapps or even NFT platforms such as Compound and Opensea.
Mobile Application: Safepal S1 has been designed with the modern user in mind. It is available as a mobile application for Android and iOS, which allows users to manage their assets easily on the move.
Safepal S1 has an integrated exchange, which allows users to trade their cryptos without having to send them externally.
Safepal S1 has dimensions of 8.6×5.4×0.6mm, making it compact but substantial enough to allow for viewing and handling.
Material: Safepal S1 is made of durable metal, which can withstand regular use.
Battery: Safepal’s S1 is equipped with a 400mAh lithium-ion battery that can last for up to 20 full days if used daily on average for 10 minutes. Recharging the device is easy with a USB cable.
Safepal S1 is available in all countries. This makes it available to crypto enthusiasts around the world.
Safepal S1 offers live chat and email customer support to quickly address users’ queries.
Safepal S1 is certified EAL 6+, demonstrating its commitment to safety and security.
Safepal S1 is priced at $49.00. It offers users a combination of powerful features and affordability.
Pros of SafePal S1
EAL 5+ independent secure element
Price is attractive
Multiple layers of security sensors are available
Work on self-destruct mechanisms
Support for the community 24/7
Cons of SafePal S1
Not a very portable device.
Limited Number of Coins Supported
7- ELLIPAL Titan Mini
ELLIPAL Titan Mini Cold Wallet will be one of the most secure, portable and easy-to-use hardware wallets by 2022. Its air-gapped design and metal seals keep cryptocurrency safe from online and offline threats. ELLIPAL Titan Mini can be set up in three minutes, just like a large screen smartphone.
The ELLIPAL Mobile App is used to send and receive currency, check balances and track transactions. ELLIPAL Titan Mini supports 34 blockchains and 10,000+ tokens. Users can trade at any time and anywhere with ELLIPAL Mobile APP.
The box contains 1 ELLIPAL Mini Cold Wallet Titan, 1 Magnetic Adapter (with instructions), 1 USB-C cable to USB-A, 1 Instruction manual, and 2 Recovery seeds cards. The USB-C cable is only used to charge your device, without sending data.
ELLIPAL Titan Mini:
Type of Wallet : Cold Wallet
Mobile App: Android & iOS
Certification Level: CC EAL5+
Price: $99
Features of ELLIPAL Titan Mini
Coins supported: ELLIPAL Titan Mini supports a wide range of coins, including 41 blockchains.
Type of Wallet : ELLIPAL Titan Mini does not only serve as a cold wallet. The touchscreen interface makes interactions easier and more intuitive.
Multiple Account support: This device can manage multiple accounts. Users can manage and create up to five different accounts. This allows for greater flexibility when managing a diverse crypto portfolio.
Incorporated Exchange: Users can benefit from the convenience of cryptocurrency transactions by using an integrated exchange without having to move assets to external platforms.
Customer Support: In a dynamic industry like cryptocurrency, prompt support is crucial. ELLIPAL Titan Mini provides live chat support to ensure users get help.
Mobile App: ELLIPAL Titan Mini is compatible with dedicated mobile applications for Android and iOS.
Dimensions & weight: The ELLIPAL Titan Mini was designed for portability. It’s small enough to fit in a pocket, but large enough to display clearly.
Material: Made from a durable aluminum alloy with a metal-sealed design, the ELLIPAL Mini Titan is both stylish and durable.
Battery: The ELLIPAL Titan Mini is powered by a 600 mAh lithium-ion battery that allows users to use the device for a long time before recharging.
Certification Level: The ELLIPAL Titan Mini has a certification level of CC-EAL5+, which signifies a very high security assurance. This gives users peace of mind that their assets are safe.
Pros of ELLIPAL Titan Mini
The network is completely isolated and cannot be connected to any internet.
Easy to use large screen
Set up your account in just 3 minutes
Air-tight seals are available for all models.
Open-source QR codes can be used to transmit data
Provides complete protection from remote and online threats.
Full metal sealed
Data on breach detection is automatically deleted.
Hardware that is dust-free and waterproof
Supported: 41 Blockchains, 10,000+ Tokens
Backups that are fast and accurate
Cons of ELLIPAL Titan Mini
Limited choice of stake coins
What is a cryptocurrency wallet?
Hot and cold wallets are the two types of cryptocurrency wallets. Cold wallets store cryptocurrencies securely in hardware wallets. These best crypto wallets do not connect to the Internet, so they cannot be hacked.
Although it may be a little inconvenient to send and receive funds, cold storage is the best choice for cryptocurrency investors. All cold storage transactions require access to the device.
If you store your Bitcoins in a cold wallet and want to perform a transaction, they cannot be accessed immediately. The payment will only be completed after you enter the destination address, the amount and the pin code on the cold storage device.
What is a cold wallet for crypto?
Cold wallets are digital wallets that store cryptocurrency off-line. These wallets are not connected to the internet, so they differ from hot wallets. The first step for a user to create a cold wallet is to download the application that will allow them manage their funds. The software generates a unique code that allows access to the wallet. The hardware device stores the funds, which prevents hackers from gaining access to them.
What are the Pros and Cons for Cold Wallets for Crypto?
Cold Crypto Wallets have many advantages and disadvantages.
Pros of Cold Wallets for Crypto:
Cold wallets can be used easily.
You can rest assured that they are safe.
You do not need a computer to connect to the Internet.
Cons of Cold Wallets for Crypto:
Cryptocurrency cannot be staked to earn interest
What are the different types of Cryptocurrency wallets?
Crypto Currency Wallets are available in many different types.
Hot wallets: These wallets can be created or stored by a device that is connected. Hot wallets are very useful, but less secure than a cold wallet. Also known as Software wallets.
Cold wallets are crypto wallets that use keys generated on devices not connected to internet. These crypto wallets can also be called hardware wallets and are stored on physical devices.
Hosted wallets: These wallets are on a server you cannot control. Hackers are using these types of crypto wallets to hold the funds on the server.
Decentralized wallets are highly secure crypto wallets that only allow one person to have the keys. A decentralized wallet does not guarantee complete privacy. It also means that you can’t rely on a third party to store, send or receive your cryptocurrency.
Exchange wallets: These wallets are fully integrated with crypto exchanges and allow you to easily trade and make transactions. Consider exploring the UK’s best crypto exchanges to find a platform that integrates seamlessly with different wallets. This will ensure a seamless and secure trading experience.
Mobile Wallets – These wallets can be used on mobile OS such as iOS and Android. These wallets allow you to control your private keys and make transactions from anywhere. Mobile wallets like Coinbase, Binance and Cex.io have become very popular.
Desktop Wallets : Wallets which run on desktop devices and allows users to have private key. Atomic Wallet
What should you consider before buying a Cold Wallet for cryptocurrencies?
When buying Crypto Cold Wallet, you should consider three factors:
Safety – When it comes to crypto wallets safety is the most important factor. We chose wallets that offer 2-factor authentication, biometrics support, multi-signature, open-source code and robust security protocols.
Focus on features – Pay attention to the overall functionality of each wallet. Look for wallets that offer more trading assets, live charts and staking/lending capabilities.
Cost – A cold crypto wallet’s cost depends on its type. Choose cold and hot wallets at a reasonable price with exchanges who charge less to process transactions.
Why is it important to secure Crypto Assets?
Prices can change quickly with cryptocurrency. Cyber-attacks and scams can cause you to lose all of your investment.
You should take these steps to protect your crypto assets.
Store your private keys on an external or offline hard drive.
Always use exchanges recommended by reliable websites when trading cryptocurrency. This is our list with the best crypto exchanges.
Never share your private key because this gives anyone access to your account. This could result in loss of funds, or even identity theft, if someone decides to steal your money for whatever reason.
Why crypto cold storage is important?
These are some of the reasons why a cold-storage wallet is so important.
Self custody: Your private key for your cold crypto wallet is yours to keep. You can now rely on your own self instead of a custodian.
No hacker attacks: The cold storage wallet is completely offline, so there are no hackers. Invest in high-value assets: These wallets work well for users who have a lot of cryptocurrency stored over time.
Recovery is easy: If you have a cold wallet, a phrase of 12-24 characters will be generated for you. This phrase is unique and only generated by the device. You can use it in case of a mishap to recover all your cryptocurrency.
There are many options. You don’t need expensive hardware to save your crypto offline. You can simply use a sheet of paper.
How does a wallet for crypto cold storage work?
This is a brief explanation of the cold storage wallet:
You can use an app or desktop program to set up transactions to move cryptocurrency from one wallet to another.
The transaction is verified by entering a PIN into the cold wallet device.
This verification can be done without connecting the cold wallet to the Internet.
Bluetooth is available on some cold wallets, so you can still connect to your app when offline.
Some cold storage wallets also use QR codes. A QR Code will appear on the hardware device of your mobile wallet when you initiate a transaction.
The mobile wallet application will then allow you to scan the code.
You can also verify the transaction using your mobile wallet application.
What cryptocurrencies can you store in cold wallets?
Cold wallets can be used to store most cryptocurrencies. These include Bitcoin, XRP Ethereum, Monero Dash Litecoin Tron Ripple Polkadot Steller Ethereum Classic and many more.
Cold storage wallets come in many different types. Some can store over 5000 cryptocurrencies, while others only support 1000. The cryptocurrencies listed above can be stored on any cold storage wallet, as long as the wallet supports them.
What are the dangers of storage cryptos on a cold wallet?
Cold storage wallets can be dangerous.
According to the review, one of these wallets’ main disadvantages is that they are made from hardware and are therefore prone for loss or damage.
Third-party device required: Cold storage wallets are highly dependent on third-party devices to store and secure their contents. You must therefore rely on the manufacture.
Limitation of access: You cannot access your hot wallets immediately in an emergency.
This is the end of our article about the best cold wallets for crypto in 2024. Below you can see other articles on our website such as this one about the best NFT wallets or this one about the best crypto exchanges without KYC.