Compare The Top 10 Crypto Hardware Wallets In 2025

Last updated: May 19, 2025
30 Min Read
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Summary

The events of 2022 served as a stark reminder of just how vulnerable digital assets can be when stored on exchanges or with third-party platforms. The collapse of FTX, Celsius, and BlockFi resulted in billions of dollars being lost or locked up, leaving many crypto holders stranded without immediate access to their funds.

These high-profile failures highlighted a critical truth: self-custody is the safest way to protect your digital assets.

As a result, demand for hardware wallets skyrocketed. Companies like Ledger and Trezor saw record-breaking sales, with both seasoned investors and newcomers seeking a secure way to safeguard their holdings. Hardware wallets offer a level of security that is far superior to online exchanges or software wallets, as they are less susceptible to hacking, phishing attacks, or other vulnerabilities inherent in internet-connected devices.

If you're reading this, chances are you're looking for a reliable and secure way to store your crypto assets. Whether you're a long-term investor or an active trader, the safety of your holdings should be your top priority.

In this article, we’ll explore some of the top hardware wallets available today, detailing their features, advantages, and cons.

Key Takeaways

  • The top hardware wallet options include Ledger Flex, Trezor Safe 3, NGRAVE ZERO, Cypherock, and Gridplus — each catering to different user needs.
  • Security features to look for include secure elements, air-gapping, PIN/passphrase support, and open-source firmware.
  • Always buy hardware wallets directly from official sources to avoid tampered or compromised devices.
  • Some wallets are optimized for DeFi, others for Bitcoin maxis or inheritance planning — choose based on your use case.

This article focuses on hardware wallets with all the bells and whistles. If you're looking for one with a sub-$100 price tag, check out our article on the best budget-friendly hardware wallets.

Methodology

To help you pick the safest and most reliable options, we applied an evaluation process focused on real-world security, ease of use, supported assets, transparency, and long-term trustworthiness. Here's a look at the key factors we considered:

Security First Approach

We evaluated wallets primarily on security architecture, including secure element (SE) chips, open-source firmware, physical attack resistance, and track record against known exploits. Only wallets with a proven commitment to uncompromised security were considered.

Supported Assets

We factored in how many cryptocurrencies each wallet supports, with particular attention to compatibility with Bitcoin (BTC), Ethereum (ETH), stablecoins, and emerging altcoins, because portfolio diversity matters.

Transparency and Reputation

Open-source transparency, company reputation, historical vulnerabilities, and community trust scores were analyzed. Wallets with opaque practices or unresolved controversies are not included.

Features and Innovation

Advanced features like Bluetooth support, touchscreen displays, multi-sig compatibility, and DeFi/NFT integrations were compared, but only when they did not compromise core security.

Overview Of The Top 10 Hardware Wallets for Cold Storage Solutions

There are several hardware wallets on the market, and choosing the right one can be tricky. That’s why we’ve put together a handy guide.

WalletBest ForSecurity FeaturesCoin SupportPriceUnique FeaturesOpen Source
Ledger FlexOverall Best Hardware WalletSecure element chip with a CC EAL6+ certification, 2FA5,550+ assets$249Grayscale E Ink touchscreen, lightweight and robust, multi-currency support, multi-device connectivityPartially
Trezor Safe 3 Best Value for SecuritySecure element, 2FA, PIN, air-gapped 8,000+ assets $79Integrates with Trezor Suite, Metamask, Exodus; touch screenYes
CypherockBackup & RecoveryShamir's Secret Sharing, PIN8,000+ assets$159Manages multiple wallets, inheritance planning, EMP-proofPartially
NGRAVE ZEROSecure Cold Storage WalletEAL7 certification, air-gapped, tamper-proof4,000+ assets$398Highest security level, biometric, no pre-installed keys Partially
BC VaultLong-Term StorageTrue Random Number Generator, FeRAMMillions of coins & tokens€131.14Supports 2,000 wallets, non-deterministic keysNo
Tangem WalletMost User-Friendly EAL6+ certified, NFC-based, dust & water-proof 8,000+ assets$59.40 (3-card set)Mobile app, no single point of failure, highly durablePartially
ELLIPAL TitanDApps & DeFiFully air-gapped, anti-tamper, QR code only46 blockchains, 10,000+ assets$169Extensive DeFi support, dust & water-proof, QR-based accessNo
Coldcard QBitcoin EnthusiastsTwo-part PIN system, safeguards for coercive situationsBitcoin $239.99Full QWERTY keyboard, system for managing unsigned and signed transactions separatelyYes
GridplusUnlimited WalletsSecure enclave protects sensitive data, tamper detection meshBitcoin, All EVM chains, L2s, and their tokens$397Compatible with MetaMask and other wallets, SafeCard integrationYes
KeepKeyBudget-Conscious HoldersPIN protection, Private keys stay offline40+ major cryptocurrencies and ERC-20 tokens$49.95Built-in integration for easy asset swapsYes

There are a few things to weigh up before choosing which one is right for you, and we’ll consider all of these in relation to each wallet:

  • Security: Although hardware wallets are the safest option out there, some are more secure than others.
  • Coins supported: All hardware wallets will store BTC, ETH, and most other top cryptocurrencies. However, if your portfolio includes some lesser-known altcoins, then some wallets may not be suitable.
  • Price: If your portfolio is relatively small, then chances are you won’t want to pay top dollar for a device to store it on. As with any product, prices for hardware wallets vary.

One important note: Always purchase your hardware wallet directly from the manufacturer. There have been cases where bad actors purchased wallets, extracted the seed phrases, and then resold the compromised devices. Once the unsuspecting buyer transferred funds to the wallet, the thieves were able to access and steal them using the known seed phrase.

To avoid this risk, never buy from third-party sellers like eBay or other unofficial marketplaces. Stick to ordering directly from the company’s official website. The good news is that most manufacturers offer free shipping, unless you live somewhere particularly remote.

Armed with this information, let’s dive into analysis, in no particular order.

Interested in mobile wallets or desktop wallets? We've covered those too.

1. Leading Choice in Hardware Wallets: Ledger Flex

Making its debut in the competitive crypto hardware wallet landscape, the Ledger Flex has quickly established itself as a top-tier choice for securing digital assets. Produced by Ledger, one of the foremost names in cryptocurrency security, the Flex delivers a balanced combination of robust protection and user-friendly functionality.

Read our full Ledger Flex review.

ledger flex.jpg
The Flex Has Established Itself as a Top-Tier Hardware Wallet. Image via Ledger

The Flex is the latest addition to Ledger's celebrated line of hardware wallets, positioning itself as a mid-range option that caters to both novice and experienced users. Announced during Ledger’s 10th anniversary at the Bitcoin Conference in July 2024, this wallet aims to provide unparalleled security while simplifying asset management.

Prior to the Flex, the Ledger Stax made waves with its innovative design and premium features. While the Stax remains an excellent choice for those seeking a luxury experience, the Flex is more practical, offering superior durability and a more traditional design. Let’s dive into the details of what makes the Ledger Flex stand out.

👉 Buy Ledger Hardware Wallets

Features

  • CC EAL6+ secure element chip
  • Secure E-Ink touchscreen
  • 2.84-inch 16-grayscale E Ink display
  • Aluminum and plastic construction
  • Bluetooth-enabled Ledger Live mobile and desktop app
  • Supports 5,500+ cryptocurrencies

Price

  • $249

✅ Pros

  • High security with offline storage.
  • Touchscreen interface for ease of use.
  • Bluetooth mobile integration.
  • Lightweight yet durable build.
  • NFT and image personalization.

❌ Cons

  • Pricier than basic Ledger models.

How To Set Up Ledger Flex

Step 1: Power On the Device

Press and hold the right-side button for 1 second to power on your Ledger Flex. Tap through the on-screen instructions to begin setup.

Step 2: Install Ledger Live & Pair

Download the Ledger Live Mobile or Desktop app and enable Bluetooth. Open Ledger Live, tap your device when it appears, and confirm the pairing code matches.

Step 3: Name Your Ledger Flex

Tap Set name, enter a name using the on-screen keyboard, and tap Confirm name to proceed.

Step 4: Set a PIN

Tap Choose my PIN and enter a 4–8 digit PIN. Confirm it by entering it again.

Security Tips

  • Choose your own PIN code. This code unlocks your device.
  • An 8-digit PIN code offers an optimal level of security.
  • Never use a device supplied with a PIN and/or a recovery phrase.

Step 5: Set Up or Restore Wallet

Tap Set it up as a new Ledger to generate a new 24-word Secret Recovery Phrase and write it down. Or tap Recover access to restore with an existing phrase or via Ledger Recover.

Tips To Secure Your Secret Recovery Phrase

  • Store your recovery phrase offline. Don't make a digital copy or a picture of it.
  • Don't save it in a password manager.

2. Best Value for Security: Trezor Safe 3

Trezor Safe 3, produced by Satoshi Labs, is a secure and budget-friendly upgrade over the Trezor Model T, offering a secure element chip and a higher security rating.

Trezor Hardware Wallet
Trezor Safe 3 Is Produced By Satoshi Labs. Image via Trezor

Features

  • Secure element chip for improved security
  • Supports 8,000+ cryptocurrencies
  • Compatible with Trezor Suite and Web3 wallets
  • Open-source software

Price

  • $79

✅ Pros

  • Excellent value for security.
  • Third-party audited.
  • Open-source firmware.
  • Integration with Exodus Wallet.
  • Fast and easy setup.

❌ Cons

  • No touchscreen.
  • Does not support wireless connections.

How To Set Up Trezor Safe 3

Step 1: Connect Your Trezor to Trezor Suite

Plug in your Trezor Safe 3 and launch the Trezor Suite desktop or web app. Follow the prompt to allow (or skip) anonymous data sharing and check for any packaging tampering before continuing.

Step 2: Install Firmware & Authenticate Device

Click Install firmware to load the latest version onto your device. Once installed, proceed to authenticate your device by confirming the on-screen prompt on your Trezor.

Step 3: Create a New Wallet

Choose Create new wallet and select Standard seed backup or advanced Shamir backup to begin generating your recovery phrase. Confirm the action on your device and accept the Terms and Conditions.

Note: Trezor uses the term wallet backup instead of recovery seed.

The Trezor Safe 3 was released just before this change took effect. The 2023 version came with 12-word wallet backup cards labeled as recovery seed, while the 2024 version includes 20-word wallet backup cards.

Step 4: Backup Your Recovery Seed

Follow on-screen instructions to write down your 12- or 20-word recovery seed in exact order using the provided card. Confirm each word on your device and complete the verification step to secure the backup.

Step 5: Set a PIN and Complete Setup

Select Set PIN, then choose and confirm your PIN using the Trezor buttons. After setting your PIN, activate your preferred coins, customize your device if desired, and click Access Suite to start using your wallet.

3. Top Hardware Wallet For Backup & Recovery: Cypherock X1

Cypherock offers an innovative backup and recovery solution, replacing the traditional recovery phrase with Shamir's Secret Sharing and decentralized backups.

cypherock wallet.jpg
Cypherock Offers An Innovative Backup And Recovery Solution. Image via Cypherock

Features

  • Stores keys for up to 4 wallets
  • Shamir's Secret Sharing backup
  • Encrypted card-based recovery
  • Open-source device
  • EMP-protected Faraday case included

Price

  • $159

✅ Pros

  • No single point of failure.
  • Shared device support.
  • Easy wallet recovery options.
  • Supports 8,000+ assets.
  • Robust physical protection (Faraday cage case).

❌ Cons

  • Non-traditional recovery may intimidate some users.
  • Proprietary technology behind cards (not fully open-source).

How To Set Up Cypherock X1

Step 1: Connect Your X1 Vault to Your Laptop

Plug in the Cypherock X1 Vault using the USB connector (Mac users must use the adapter provided in the box). The device will power on and prompt you to follow instructions on the cySync app.

Step 2: Download and Launch cySync

Go to the official Cypherock website and download the cySync desktop app. Install and open it, then ensure you're in a secure environment with an active internet connection.

Step 3: Set Up cySync Access

Choose "First-time user" and accept the Terms of Service and Privacy Policy. Create and confirm a cySync app password, then enter your email for two-factor authentication and authenticity results.

Step 4: Authenticate Your X1 Vault

The app will automatically verify your X1 Vault’s authenticity with Cypherock’s server. Follow the on-screen joystick navigation test to familiarize yourself with the device controls.

Step 5: Pair and Verify the X1 Cards

Tap each of the 4 X1 cards on the Vault one at a time and hold until you hear three beeps, confirming successful NFC pairing. Once all four cards are verified, your X1 is ready to proceed to wallet and account setup.

4. Most Secure Cold Storage Wallet: NGRAVE ZERO

The NGRAVE ZERO is the world's most secure air-gapped hardware wallet, achieving EAL7 certification and featuring innovations like the "Perfect Key."

Website[1].jpg
The NGRAVE ZERO is 100% Air-Gapped. Image via NGRAVE

Features

  • Full air-gap security
  • EAL7 certification
  • Biometric authentication and tamper-proof design
  • Randomized key generation with no pre-installed keys
  • Made from military-grade materials

Price

  • $398

✅ Pros

  • Industry-leading security.
  • User-friendly interface despite high-level protection.
  • Collaboration with world-class cryptographers.
  • Open-source operating system.
  • Recoverable private keys without third-party risk.

❌ Cons

  • High cost.

How To Set Up NGRAVE ZERO

Step 1: Verify Device & Create Wallet

Start by verifying your ZERO, setting a PIN code, and registering your fingerprint. On the “Choose your wallet” screen, tap Create a wallet to generate your personalized key.

Step 2: Customize Your Key

Interact with your newly created key by freezing, thawing, and shuffling segments of 8 characters. This ensures the key remains private and known only to you.

Step 3: Backup Your Key

Choose to back up your key using the included paper backup or the GRAPHENE metal plate system. Follow the on-screen steps carefully to record your key securely offline.

Step 4: Verify Your Backup

Manually enter the characters from your backup to confirm their accuracy. If there’s an error, the device will guide you to correct it before continuing.

Step 5: Set Up Dashboard & Sync LIQUID App

Select and add coins to your wallet dashboard, then download the LIQUID app by scanning the QR code on your ZERO. Sync the app by scanning the second QR to import your accounts (only public keys are shared).

5. Top Pick for Long-Term Storage: BC Vault

BC Vault is an advanced hardware wallet designed for ultra-secure, long-term storage and multi-user support.

BC Vault .jpg
BC Vault Is Designed For Ultra-Secure, Long-Term Storage. Image via BC Vault

Features

  • Supports 2,000 wallet addresses and hundreds of chains
  • Seedless cold storage with encrypted SD card backup
  • FeRAM chip with 200-year lifespan
  • Native support for assets without needing third-party apps
  • True random number private key generation

Price

  • €131.14

✅ Pros

  • Unparalleled multi-wallet management.
  • True seedless backup option.
  • Shared device usability with PIN/password per account.
  • Highly respected cybersecurity background.
  • 1 BTC bounty challenge to prove its security.

❌ Cons

  • Requires USB connection.
  • Bulkier than a credit-card style wallet.

How To Set Up BC Vault

Step 1: Inspect and Connect the Device

Check that the holographic sticker is intact and shows no signs of tampering. Carefully remove the sticker, clean any residue, and connect your BC Vault to your computer using the included USB cable.

Step 2: Install the BC Vault App

Ensure you have internet access, then visit the official site to download and install the BC Vault desktop application. Launch the app once installation is complete.

Step 3: Initialize & Set Global Access

Shake the BC Vault to activate its true random number generator. You'll be prompted to set a Global PIN and Global Password—make sure you never forget them.

Step 4: Create and Secure Your Wallet

Create a new crypto wallet within the app and assign it a Wallet PIN and Wallet Password. You may skip these for convenience, but it’s strongly recommended to use them for added security.

Note: Now is a good time to test all your passwords and PINs.

Disconnect the BC Vault device from the USB cable and reconnect it. Log in to the desktop application using your GLOBAL password and PIN. Select your newly created wallet, click on “MORE”, and choose “Verify Wallet”. Enter your WALLET password and PIN—you should see a “SUCCESS” confirmation.

This confirms that you can access your newly created crypto wallet successfully.

Step 5: Verify Access and Start Using

Optionally disconnect and reconnect your device to test your credentials, then verify your wallet in the app to ensure successful access. You’re now ready to use BC Vault—remember to back up your wallet after adding any new accounts.

6. Most User-Friendly: Tangem Wallet

The Tangem Wallet provides a credit-card-sized NFC wallet that simplifies setup and eliminates single points of failure, making it ideal for beginners.

Tangem price.jpg
The Tangem Wallet Provides A Credit-Card-Sized NFC Wallet. Image via Tangem

Features

  • NFC tap-to-use design with mobile app
  • Supports 8,000+ assets
  • Open-source firmware
  • Dustproof, waterproof, EMP-resistant chip (EAL6+ certified)
  • Option for recovery via app and PIN/passcode

Price

  • $59.40 for a 3-card set

✅ Pros

  • Incredibly easy setup and use.
  • No recovery phrase required (unless desired).
  • Highly durable and portable.
  • Open-source and independently audited.
  • No dependency on company servers.

❌ Cons

  • No display (visual confirmation of transactions not possible).
  • Limited to mobile app use (not desktop-compatible).

How To Set Up Tangem Wallet

Step 1: Install App & Scan Primary Card

Download the official Tangem app on your NFC-enabled smartphone. Open the app, tap Scan card, and hold your phone near the first Tangem card to scan it.

Step 2: Generate a Seed Phrase

Select Other options > Generate seed phrase and carefully write down the 12 or 24 words shown—you’ll only see them once. Tap Continue, then verify the phrase by entering the words in the correct order.

Step 3: Create Wallet & Add Backup Cards

After verification, tap Create wallet and scan your primary card again. Tap Add a backup card, then scan your second (and optionally third) card to link them as backups.

Step 4: Set Access Code & Finalize Setup

Choose an access code for wallet protection. Enter the code, then scan the primary card and all backup cards to confirm and secure the setup.

Step 5: Access Your Wallet

Tap Continue to my wallet to complete the process. You’re now ready to use your Tangem Wallet.

7. Best Cryptocurrency Hardware Wallet for DApps + DeFi: ELLIPAL Titan

ELLIPAL Titan is a fully air-gapped cold wallet geared towards DeFi and DApp users, offering robust cold storage alongside Web3 app access.

Ellipal Titan
ELLIPAL Titan Is A Fully Air-Gapped Cold Wallet. Image via Ellipal 

Features

  • 100% air-gapped (no Wi-Fi, USB, Bluetooth)
  • 46 blockchains and 10,000+ tokens supported
  • Tamper-proof and dust/waterproof build
  • DApp and DeFi access via mobile app

Price

  • $169

✅ Pros

  • True offline storage.
  • Excellent Web3 and DApp accessibility.
  • Anti-tampering and security-first design.
  • Staking and DeFi options built-in.

❌ Cons

  • Only 12-word seed phrase default (less secure than 24-word).
  • No access to Xpub keys (limits some advanced integrations).
  • Slightly expensive compared to simpler wallets.
  • Minor Bitcoin address generation quirks (BIP44 instead of BIP84).

How To Set Up ELLIPAL Titan

Step 1: Create a Wallet on the ELLIPAL Device

Power on the ELLIPAL Titan, choose your language, and tap Create Account. Fill in your account details, optionally set a passphrase, and tap Backup now to generate and securely store your seed phrase—then verify it and select your preferred coins.

Step 2: Pair with the ELLIPAL App

Tap the chain icon on your ELLIPAL device to display the QR codes. In the ELLIPAL mobile app, go to Cold Wallet → Connect to Cold Wallet, scan all QR codes from the device to sync your account.

Step 3: Prepare a Transaction in the App

In the ELLIPAL App, select your asset (e.g. ETH), tap Send, input the recipient’s address and amount, adjust gas fees if needed, then tap Submit. A QR code containing unsigned transaction data will appear.

Step 4: Sign the Transaction with Your Device

On the Titan device, navigate to the same asset and tap Sign. Enter your password, scan the unsigned QR code from the app, verify details, and tap OK to generate a signed transaction QR code.

Step 5: Complete the Transaction in the App

Back in the ELLIPAL App, scan the signed QR code shown on your Titan device to complete the transaction. You can view the confirmation and transaction history in the app.

8. Best for Bitcoin Enthusiasts: Coldcard Q

The Coldcard Q is Coinkite’s flagship Bitcoin-only hardware wallet, designed for users who prioritize maximum security and air-gapped operations. Building upon the Coldcard Mk4, the Q introduces significant usability enhancements, including a full QWERTY keyboard, a larger screen, and an integrated QR scanner.

Coldcard q.jpg
The Coldcard Q Is A Bitcoin-Only Hardware Wallet. Image via Coldcard

Features

  • Full QWERTY keyboard that facilitates easy entry of long BIP-39 passphrases
  • 320x240 pixel display for clear transaction verification
  • Push-pull type slots for managing unsigned and signed transactions separately
  • Equipped with LED illumination and advanced scanning algorithms for reliable QR code reading
  • Incorporates Microchip ATECC608 and Maxim DS28C36B chips to securely store the 24-word seed phrase
  • Supports NFC-V for secure data transmission
  • Physical PCB traces can be cut to irreversibly disable USB and/or NFC data connections
  • Two-part PIN system with unique anti-phishing words for each device
  • Includes features like Duress PIN, Brick Me PIN, and Countdown to Brick PIN for enhanced security in coercive situations
  • Firmware is open-source, allowing for community auditing and verification

Price

  • $239.99

✅ Pros

  • The QWERTY keyboard and larger screen significantly improve user experience, especially when entering long passphrases.
  • Ability to operate entirely offline using batteries and MicroSD cards enhances security.
  • Dual secure elements, anti-phishing PIN system, and duress PIN options provide comprehensive protection.
  • Simplifies the process of signing transactions without connecting to a computer.
  • Option to physically disable USB and NFC data connections for added security.

❌ Cons

  • Does not support other cryptocurrencies, which may be limiting for some users.
  • More expensive than some other hardware wallets.
  • The inclusion of a full keyboard and larger screen results in a bigger device, potentially affecting portability.

How To Set Up Coldcard Q

Step 1: Inspect the Tamper-Evident Bag

Before opening, check that the Coldcard Q arrived in an untampered Coinkite bag with a matching barcode ("bag number"). If the seal shows “VOID” or looks suspicious, stop and contact Coinkite support with photos.

Step 2: Power On the Device

Insert three AAA batteries or connect a USB-C power source, then press and hold the power button (top left) for one full second. When powering off, hold the same button for 2 seconds, or 10 seconds for a forced shutdown.

Step 3: Accept Terms & Set Your PIN

Use the 5 and 8 keys to scroll through the Terms of Sale, then press the checkmark (✔) to agree. Next, create a two-part PIN (e.g. 1234-5678), confirm it, and memorize the anti-phishing words shown after entering the prefix.

Step 4: Create a New Wallet

Choose New Wallet to generate a 12- or 24-word BIP-39 seed phrase. Write it down securely offline, then complete the quiz on the device to verify you’ve recorded the seed correctly.

Step 5: Optional: Add a Passphrase, Then Start Using

If you want, enable a BIP-39 passphrase to access a separate wallet. Once your seed and PIN are confirmed, you’re ready to sign transactions using MicroSD or with desktop wallets like Sparrow via air-gapped workflows.

9. Best for Unlimited Wallets: Gridplus

The GridPlus Lattice1 is a premium hardware wallet designed for users who prioritize security and usability. With its large touchscreen and integration with SafeCards, it offers a unique approach to managing and securing cryptocurrency assets.

gridplus.jpg
Gridplus Lets You Create Unlimited Wallets. Image via Gridplus

Features

  • The 5-inch touchscreen makes transaction verification and navigation simple.
  • SafeCard integration securely stores private keys on physical cards.
  • The secure enclave protects sensitive data by isolating it from external connections.
  • The tamper detection mesh alerts if the device is physically compromised.
  • Ethernet and Wi-Fi connectivity enable easy wallet integration.
  • Compatible with MetaMask, Rabby, Frame, NuFi, MyCrypto, Ambire, and more.
  • Supports Ethereum, Bitcoin, Solana, BSC, Arbitrum, Avalanche, Optimism, Polygon, and other EVM chains.

Price

  • $397

✅ Pros

  • Advanced secure enclave and tamper detection mesh protect against hacks and physical attacks.
  • Large 5-inch touchscreen makes transactions easy to review and approve.
  • SafeCard system offers simple, secure wallet backups and multi-wallet management.
  • Seamless integration with popular wallets like MetaMask, Rabby, and Frame.
  • Always-on Ethernet and Wi-Fi connectivity for smooth dApp and transaction interaction.

❌ Cons

  • High $397 price tag makes it more expensive than most hardware wallets.
  • Larger size and no battery make it less portable for mobile users.

How To Set Up Gridplus

Step 1: Power On and Initialize the Lattice1

Plug the device into a wall socket using the included Type A power supply. Once the system boots and shows the welcome screen, tap Setup to begin.

Step 2: Connect to WiFi or Ethernet

Choose to connect via WiFi or tap Skip to use the included Ethernet cable. Follow the prompts to join your network—Lattice1 only supports 2.4 GHz WiFi with standard encryption.

Step 3: Set Your Device PIN and Configure Security Mesh

Create a 4–6 digit PIN to unlock the device; failed attempts will trigger increasing lockout times.

Note: It's strongly recommended that you enable the Security Mesh, a tamper-detection feature that wipes wallet data if physical intrusion is detected.

Step 4: Create or Restore a Wallet

Tap Let’s Go, then choose Generate Wallet or Restore from Seed Phrase. If creating a new wallet, write down your 24-word seed phrase and re-enter four words to verify. If restoring, enter your 12/18/24-word seed phrase exactly—include your passphrase if one was originally used.

Step 5: Set Up or Restore a SafeCard

Insert a SafeCard and set a 6-digit PIN. You can generate a wallet with true random entropy from the SafeCard or restore from a known seed phrase. SafeCards act as secure backups and support optional passphrases for additional protection.

10. Best for The Budget-Conscious: KeepKey

KeepKey is focused on simplicity, security, and affordability. Launched in 2015 and later acquired by ShapeShift, it offers essential cold storage features with a sleek, minimalist design. Ideal for casual crypto holders, KeepKey provides an intuitive experience for securing digital assets offline without breaking the bank.

keepkey.jpg
KeepKey Is Most Suitable For Anyone Not Looking To Break The Bank. Image via Keepkey

Features

  • 3.12-inch OLED display for easy transaction review.
  • Private keys stay offline to protect against online threats.
  • Built-in ShapeShift integration for easy asset swaps.
  • PIN protection adds extra device security.
  • 12-word recovery phrase for wallet backup.
  • Supports 40+ major cryptocurrencies and ERC-20 tokens.
  • USB connection for desktop and laptop use.

Price

  • $49.95

✅ Pros

  • Very affordable compared to other hardware wallets.
  • The screen makes verification simple and safe.
  • Quick and easy setup for beginners.
  • Built-in exchange feature for swapping coins.
  • Secure offline storage for private keys.

❌ Cons

  • Limited coin support compared to some other wallets.
  • Bulkier and heavier than newer wallets.
  • No Bluetooth or mobile app connectivity.
  • Fewer integrations with third-party wallets.

How To Set Up KeepKey

Step 1: Download and Install KeepKey Client

Visit the official KeepKey website and download the client for your operating system. Linux users may need to update Udev rules and apply chmod permissions; Windows users may need to bypass browser download warnings.

Step 2: Unbox and Prepare for Setup

Unbox your KeepKey and gather materials to securely write down your mnemonic recovery phrase. This phrase is essential for wallet recovery and must be stored offline.

Step 3: Connect and Enter Updater Mode

Connect your KeepKey to your computer, then unplug it. Hold down the device’s button and plug it back in to enter Updater Mode.

Step 4: Update Bootloader and Firmware

Follow on-screen prompts to update your device’s bootloader and then firmware. Do not disconnect the device during updates unless explicitly instructed.

Step 5: Create a New Wallet

Once updated, initialize your wallet by generating a new mnemonic recovery phrase. Write it down carefully—this is your only backup for accessing your crypto.

What is a Crypto Hardware Wallet?

Hardware wallets are physical devices with a secure element that store your private keys offline in a secure manner and keep them safe from any outside attack. They can be plugged into a computer or connected to a mobile device to enable users to manage and spend their crypto, but all aspects of any transactions and validations are done on the device itself. Even if the device being used is infected with malware or is otherwise compromised, the hardware wallet remains secure, and nobody else can get access to the private keys.

Each of the wallets mentioned here today comes with the vitally important feature of being able to back up your wallet so you will be able to restore your wallet, and your funds, should you lose or damage the wallet that stores your private keys, so please follow good crypto security etiquette 101 and ALWAYS back up any wallet you use, software or hardware. Keeping those recovery seed phrases stored safely will likely be the only way to recover your funds should something go astray with your crypto storage method of choice.

I highly recommend checking out our article on How to Keep Your Crypto Safe for a comprehensive article on all the best practices and steps you can take to ensure you are using crypto in the safest and most secure manner possible. We also have an article: How Does a Hardware Wallet Work, if you want to get into the nitty gritty.

Conclusion

Whether you're a long-term holder, a DeFi explorer, a Bitcoin maximalist, or a new entrant to crypto, there’s a hardware wallet designed to meet your specific needs.

From the versatility of the Ledger Flex and Trezor Safe 3, to the cutting-edge security of the NGRAVE ZERO and the user-friendliness of the Tangem Wallet, the market today offers more secure, high-quality options than ever before.

However, no matter which device you choose, always remember to buy directly from the manufacturer and securely back up your recovery phrases.

Frequently Asked Questions

What is a Cryptocurrency Wallet?

A crypto wallet is a digital or hardware wallet that allows users to store the unique digital codes needed to send and receive crypto assets such as Bitcoin, Ethereum, etc. Most wallets will allow you to hold assets for multiple chains, for example, a single Trezor can hold Bitcoin, Ethereum, Litecoin, Cardano, XRP, and more, regardless of the fact that they all run on different networks. There are some wallets that are specific for one coin or network though such as Bitcoin wallets, Monero wallets and MetaMask, which by default, is an Ethereum only wallet (for all ERC20) tokens, though other networks can be added manually to it.

A very common misconception is that wallets hold your crypto. That is a simplified way of thinking about it, but a mind-blowing fact that very few people know is that no wallet in existence actually stores any cryptocurrency at all! Crypto never leaves its blockchain network, Bitcoin will forever live on the Bitcoin blockchain network, it will never live or be stored physically inside of a crypto wallet. A crypto wallet simply acts as the keys that hold the special digital codes (private keys) needed to access your crypto that is stored on the blockchain… Crazy, I know. You can learn more about cryptocurrency wallets in our How Hardware Wallets Work article.

What are the Types of Cryptocurrency Wallets?

There are software wallets also referred to as hot wallets, which can live on a device such as a computer or mobile phone, and paper wallets, which are, as they sound, a piece of paper where private keys are written down or a QR code is printed. Then, of course, hardware wallets which were covered in this article, are the safest crypto wallet as they are not kept online like software wallets and are not as fragile as paper wallets.

When you hear the terms cold wallet and hot wallet, cold simply refers to being on a device with no online connectivity. The key takeaway when comparing a crypto hard wallet vs soft wallet is that hardware wallets have no remote attack surfaces as they are not connected to the internet, making them more secure.

With the popularity of NFTs on the rise, many digital asset holders are searching for the best wallets for NFTs, and there is no single answer here, as it will depend on what network the NFTs are on. Our pick for the best wallet for NFTs on mobile is the Trust Wallet or Coinbase wallet, as they can handle NFTs on multiple chains. Users looking for the best NFT wallet with utility could consider MetaMask, and Enjin also offers a popular NFT wallet for experienced users into web3 gaming.

What is the Best Multi-Cryptocurrency Wallet?

The best multi-cryptocurrency wallet or best altcoin wallet really comes down to personal preference and coin support. The best wallet in the world is no good if it doesn’t support your favourite coin. For those looking to save a few bucks and want the safest crypto wallet for altcoins, the Trezor One and Tangem are our picks. If you don’t mind splashing out, then the Trezor Model T is a solid pick. If you are someone who is after the best, it is good to note that the NGRAVE and BC Vault have higher security ratings and offer more security features than the Ledger and Trezor.

For software wallets, I have to say the Exodus wallet is one of the best for mobile and computer. Their UI is stunning, and they have the most robust and full-featured software wallet on the market. The Exodus wallet is also able to integrate with Trezor, taking security to the next level. From within the wallet, users can access an NFT marketplace, exchange crypto, and utilize a web3 wallet. I definitely recommend checking out our Exodus review.

Some wallets only hold a single asset, such as Bitcoin Wallets are quite popular, you can learn more about those in our Bitcoin Wallet review, while the best multi-cryptocurrency wallets are often considered the ones on this list for hardware wallets, or popular wallets like Exodus, Trust Wallet, or the Coinbase wallet are also very popular.

How to get a Crypto Wallet?

It is always best to purchase a hardware wallet directly on the company website for reasons we discussed in this article, and never buy second-hand hardware wallets due to a high risk of theft of funds.

For software wallets, always download directly from the company website, or use the website to link directly to the Google Play or Apple App Store. The reason we do not suggest searching the app stores manually is that there are often multiple fake wallets mimicking the company wallet set up by hackers. As soon as you download the fake wallet that looks just like the real wallet, poof, the hackers steal your funds.

Top Bitcoin Wallet?

All the mentions on this list can store Bitcoin and other coins. I would still say Trezor has the best track record, while Cypherock and BC Vault are the safest bets as the best Bitcoin wallets, but if you are looking for Bitcoin-specific wallets or a Bitcoin hardware wallet, you may want to check out our Bitcoin wallet reviews: Top Bitcoin Wallets and Top Bitcoin Wallets for Android.

We often get asked, “what’s the best Bitcoin wallet?” and our pick for the best Bitcoin cold wallets generally coincides with which the best rated hardware wallets are in terms of security. For that reason, we often recommend wallets that have been battle-tested and proven secure, making our pick for the best Bitcoin wallet, the Trezor, though wallets like the BC Vault and Cypherock offer more security features, they do not yet have the long-standing track record of Trezor.

What is an Air Gap Crypto Wallet?

The term “air gap” simply means the wallet has no online connectivity and therefore has no attack surfaces that can be exploited remotely by hackers. The terms air-gapped and cold storage are often used synonymously, simply referring to the device having no network connection. Many of these devices will be charged via USB connection, without the charging connector point having access to the private keys of the wallet.

Most Secure Cold Storage Wallet?

Our pick would go to the NGRAVE ZERO. The ZERO has attained higher security certifications than any of its competitors. The ZERO also has an innovative trustless recovery method and generates the PERFECT KEY in conjunction with user and environmental input, ensuring true randomness and trustlessness. 

What is a Cold Wallet?

A cold wallet, also known as cold storage, is a type of cryptocurrency wallet that securely stores private keys offline, usually on hardware devices like the ones mentioned in this article. This method ensures that the private keys and funds are kept isolated from online networks, reducing the risk of hacking, phishing and cyberattacks. Cold wallets are primarily used for long-term storage of cryptocurrencies, providing a high level of security by keeping private keys offline.

Tayler McCracken

Providing financial education to those who need it most has always been a passion of mine. While working as a Financial Advisor, I had my eyes opened to the world of crypto and its potential to help make the world a better place. I believe that blockchain technology can build a brighter future and am excited to be part of it. 

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Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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