Best Cold Wallets 2024
A cold or hardware wallet is the most reliable means of storing cryptocurrency assets that exist at the moment. Such wallets are the most difficult to crack because they need direct physical access. Read more in this article about the best cold wallets in 2024.
Many people mistakenly believe that cryptocurrency is stored in a wallet. In fact, this is not the case — it is always on the blockchain, and the main task of the crypto wallet is to provide you with access to your assets. However, the security of your funds directly depends on which type of wallet you choose in the end.
The only really reliable way to store digital assets is hardware cold wallets, which cannot be accessed via the internet. Such devices offer many additional ways to protect private keys: from an encrypted connection to a PC/smartphone to the destruction of information in an attempt to hack.
What are Cold Wallets?
A cold wallet is a physical device or application designed to store and manage cryptocurrency without a regular internet connection.
Cold storage wallets are required a network connection only when the user needs to operate.
The key advantage of the most cold wallets is to ensure maximum security of the cryptocurrency. A wallet it is on a media disconnected from the internet ensures reliable savings.
The Top of the Cold Crypto Wallets 2024
There are a huge number of cold crypto wallets on the market, when it comes to save your digital assets. They differ from each other in their price, feature set, and design. Below you will find the best cold storage wallets.
1. Ledger Nano X
Ledger Nano X is one of the most popular cold wallets in the world. It differs from the more budget-friendly Nano version with an enlarged display, the ability to work via Bluetooth, and support for iOS smartphones.
Compatible with 50+ third-party wallets. Through the Ledger Live application, you can create any number of addresses in 100+ blockchains, earn cryptocurrency on staking, exchange tokens, and interact with some decentralized applications.
2. Ledger Nano S Plus
Ledger Nano S Plus is an updated cold storage wallet version of Ledger Nano with increased memory, a screen, and a modern security chip. It works in combination with the Ledger Live application for Windows, macOS, or Android, and more than 100 applications for cold storage of cryptocurrencies, and NFT can be installed on the device itself.
Compatible with Metamask, MyEtherWallet, TronLink, and other popular mobile wallets. Unlike other models of Ledger cold wallets, it does not support Bluetooth connection.
3. Safepal S1
Safepal S1 is a cold inexpensive 100% autonomous crypto wallet created in collaboration with Binance. The device does not use cable connections or radio frequency signals, which theoretically can be intercepted. Supports 50+ blockchains and many tokens.
How it works? The battery allows working for 20 days without recharging when using a cold wallet for 10–20 minutes a day, it is charged via a USB-C cable. To send cryptocurrency, you need to scan the QR code with your smartphone and go through several security levels. There is a data self-destruct mechanism. To participate in the management of the Safepal ecosystem, you can purchase an SFP token (BEP 20).
4. Ballet Real
Baller Real Series is a hardware cold wallet in the form of a card with a convenient and secure design that is well-suited for novice cryptocurrency users. To get started, it is enough to scan the QR code from the card using a smartphone or laptop. The wallet does not use an electronic chip, so there is no need to update the firmware. In the native mobile application, you can buy/sell bitcoin and other cryptocurrencies, manage your NFT collections, and connect to a variety of dApps.
The cold wallet weighs 35 grams and is waterproof. Private keys are generated in a two-factor way on geographically separated servers. When buying on the manufacturer’s website, you can choose different colors and logos.
5. Ngrave Zero
Ngrave Zero is the “coldest” hardware wallet in the industry according to some cryptocurrency users, who call Ngrave Zero a “wallet for paranoids” for its impressive level of security. The device has a 4-inch touchscreen, completely autonomous (without an internet connection, USB, and Bluetooth).
The cold wallet uses the industry’s highest EAL7 security certificate and biometric identification for additional protection. The firmware uses its own ZERO operating system, created by cybersecurity specialists. In 2022, the company received strategic investments from Binance.
6. Trezor Model One
The Trezor Model One is a cold crypto wallet from the Czech company SatoshiLabs, which began production back in 2014. It is a fairly simple and affordable device for cold storage of digital assets, including NFT through supported third-party wallets. Two buttons on the front of the case are used to control the cold wallet, and transaction details are displayed on a small screen.
Through the native Trezor Suite application (Windows, Apple, Linux), you can buy, sell, and exchange cryptocurrencies without additional fees. Supports two-factor identification and PIN protection.
7. Trezor Model T
Trezor Model T is the next generation of hardware wallets from SatoshiLabs, released in 2018. Unlike the Model One, it has a high-resolution color touchscreen, which makes working with a cold wallet more convenient. Improved software allows you to store more cryptocurrencies and tokens.
Supports anonymization of transactions through the CoinJoin service. There are additional ways to protect yourself: a unique way to back up Shamir keys, activation using an SD card, and the FIDO2 authentication standard.
8. CoolWallet Pro
CoolWallet Pro is a more functional version of the Coolwallet cold hardware wallet in the form of a stored personal card. It works in combination with iOS and Android smartphones via a secure Bluetooth connection recovery.
Supports the purchase/sale of cryptocurrencies, the WalletConnect function for interacting with decentralized applications, NFT collections in collaboration with Opensea and Raible, airdrops, and many other crypto services. Compared to Cool walletS, it supports more blockchains and tokens, as well as cryptocurrency stacking and trading. The cold wallet uses a newer generation of security chips against hacking — EAL 6+.
9. KeyStone Pro
KeyStone Pro is a more functional version of the KeyStone wallet designed for active cryptocurrency users. It is fully compatible with Meta Mask and can work with another 25 popular mobile wallets. Unlike the Essential version, it has a 1000mAh rechargeable lithium-ion battery, a fingerprint sensor, and a data self-destruct investing mechanism.
The firmware is updated using an SD card (not included in the basic package) and is published with open source. The cold wallet crypto supports backup using the Shamir algorithm and multi-signature for the safest bitcoin storage.
10. BitBox 02
BitBox 02 is the second version of the Swiss hardware wallet in the form of a USB flash drive with an OLED display rated out of the crypto wallets. Supports backup of information to a microSD card, including a mnemonic seed phrase. It can be connected to a smartphone or PC via a cable.
In addition to the multicurrency version of cold storage wallet, you can purchase the Bitbox02 Bitcoin Edition with less code and, accordingly, fewer possible vulnerabilities. The device can be used for two-factor identification for transactions on Google, Facebook, GitHub, and for the other hand — additional services storing.
Crypto Wallets Ranked
| Name | Production | Rank | Link |
| Ledger Nano X | France | ★★★★★ | Start here |
| Ledger Nano S Plus | France | ★★★★★ | Start here |
| Safepal S1 | China | ★★★★★ | Start here |
| Ballet Real | USA | ★★★★★ | Start here |
| Ngrave Zero | Belgium | ★★★★★ | Start here |
| Trezor Model One | Czech Republic | ★★★★★ | Start here |
| Trezor Model T | Czech Republic | ★★★★★ | Start here |
| CoolWallet Pro | Taiwan | ★★★★☆ | Start here |
| KeyStone Pro | USA | ★★★★☆ | Start here |
| BitBox 02 | Switzerland | ★★★★☆ | Start here |
Related posts
What is a Crypto Wallet?
A crypto wallet is a special software (or hardware) that allows storing cryptocurrency, as well as wallets are the tool that is performing operations with it. Direct access control to the cryptocurrency is carried out using the blockchain platform. To confirm the right to manage funds, you must have special keys — private key and public.
The public key is the wallet address. This is a set of characters that a person can send to other people for the long period of time.
Your private keys can be compared with the password or PIN code of the credit card.
Cold Wallets vs. Hot Wallets (Hot or Cold Wallets)
Crypto wallets come in two types: hot (provide online storage) and cold (provide offline storage of cryptocurrencies).
Hot and cold wallets differ from each other, first of all, in their level of security. Hardware wallets are the most reliable way to save your cryptocurrency. But for all its safety, this method cannot be called convenient. Therefore, many advanced users prefer a hybrid way of storing coins so as cold wallets offer using a hardware wallet for basic savings, and a hot wallet for such types of cryptocurrency for short-term spending.
FAQ
How to use a cold wallet?
It is necessary to store hardware and paper wallets in a safe place to access to your password. It is recommended to not connect a cryptographic wallet to unverified computers and other devices and use unverified Wi-Fi networks.
It is also not recommended to connect a cold hardware wallet to the internet often.
It is recommended to store multiple copies of the seed phrase wallet that is used to restore a key pair on a new device) in secure locations. If desired, the expert continues, the seed phrase can be divided into several parts and stored each in a separate place.
What is the best cold wallet?
The best cold wallets for cryptocurrency can be found just above in this article. For those who do not want to spend money on buying a full-fledged hardware wallet, we advise you to remember the methods of storing important information (in our case, private keys) on paper. A more modern way to store them can be a computer or smartphone without Internet access.
How to choose the best cold wallet?
Choosing the most suitable cold hardware wallet for you is not an easy task, since there are dozens of models on the market from manufacturers from various countries. Here are some factors to pay attention to: the reputation of the manufacturer, the price of the device, support for the necessary cryptocurrencies, the security level, and backup.
Is it possible to create a cold storage yourself?
Yes. Private and public keys are generated in the BitAddress service. They can be printed on paper. Also, to save private keys, a separate hard drive and a USB flash drive will be suitable, which will be disconnected from the internet.
Conclusion: Which Cold Wallet to Choose?
There are no good ways to store your digital funds but cold wallets. The most secure way to store cryptocurrency is considered to be a hardware or a cold wallet. It is advisable to purchase the best cold wallets only from manufacturers and official sellers. It is necessary to keep cold wallets in a safe place, and preferably connect them to the network as rarely as possible.
If you have a choice for storing your funds, which one cold wallets can be chosen from the list is up to you!
