Hardware wallets are specialized physical devices that safely store private keys and the associated cryptocurrencies of users. Hardware wallets are used in combination with software apps - mobile or desktop - that let you transfer your funds. The Hardware wallet holds the key to authorize transfers.Learn more about wallets
The Ledger Nano X is the latest premium hardware wallet model, from French company Ledger, specialized in developing security and infrastructure solutions for cryptocurrency custody.
Cardano, Bitcoin Cash, Ethereum Tokens, Monero, Waves, NANO, ZCash, Binance, EOS, Tezos, Stellar, Ripple, Litecoin, Bitcoin, Ether.
Metamask, Argent, WithTally
The Trezor Model T is the latest premium hardware wallet model released in 2018 by SatoshiLabs, the famous team behind the Trezor wallet series.
Cardano, Bitcoin Cash, Ethereum Tokens, Monero, ZCash, Binance, EOS, Tezos, Stellar, Ripple, Litecoin, Bitcoin, Ether.
Custodial wallets are like banks. They are provided by a centralized entity who controls your assets and saves them for you. If you want to move funds out of your custodial wallet you need to request a withdrawal. Importantly, with a custodial wallet you can’t access decentralized applications (dApps) on the blockchain.
Non-custodial wallets allow you to keep complete ownership of your funds. Holding crypto assets in a non-custodial wallet is the equivalent of holding cash in the real world. Your funds are stored on the Blockchain and you have direct control over them. Most wallets allow you to hold, send & receive funds on multiple blockchains.
It’s important to buy a hardware wallet that is easily usable. That includes having a big screen from which you can read information easily and buttons to confirm actions.
All hardware wallets are optimized for security and yet most of them have been exploited (mostly by security experts in labs) in the past. It’s important to understand the different attack vectors and read about what manufacturers do to protect against them. One of the most important criteria for a hardware wallet is that all its components are open-source so that security experts can scrutinize it.
It’s important that the hardware wallet is well integrated with a broad range of wallets. If you buy a hardware wallet that’s not supported by most software wallets you will be limited to the wallet app of the vendor. Currently the hardware wallets that offer most integrations are Ledger, Lattice 1 and Keystore.
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