As Bitcoin and other forms of cryptocurrencies are becoming more famous and readily used by people worldwide, it has become the need of the hour to ensure its secure storage as well as transactions. There are typical cases of the hacking of the Bitcoin exchanges wherein people lose a considerable amount of their hard-earned money. This might be the case while using the “soft” wallets for storing the cryptocurrencies. However, when you make use of a hardware wallet for storing Bitcoin and other cryptocurrencies, there is no such issue or fear of potential hacking. Thus, your money remains completely secure and under your control.
Hardware Wallet: How is It Different from Other Wallets?
A hardware wallet is represented by a small physical unit that is used for storing the Bitcoin & other cryptocurrencies. Unlike the web-based or online wallets, these wallets can be actually held in hand. Thus, you can keep it completely safe with you.
The main reason why hardware wallets are considered safer for storing Bitcoins and others is that for accessing the cryptocurrencies in the wallet and for doing specific transactions, you need to install the device on a device (computer system, laptop, or mobile phone). Without establishing a connection of the device with the wallet, no one else would be able to gain access to your physical wallet.
Top Bitcoin Hardware Wallets
With hardware wallet being an ideal option for storing Bitcoin, here are some of the top Bitcoin hardware wallets.
Ledger Nano S Bitcoin Hardware Wallet: Launched by a French startup, the Ledger Nano S hardware wallet for storing Bitcoin appears like a USB device. This USB device is able to be connected to any USB port. This hardware wallet gets started only when it is connected to any device like mobile phone or laptop. There is no battery in the same. There is no anti-tampering sticker as well. This is because the standard process of cryptographic checking ensures the integrity of the device. Ledger Nano S is FIDO certified and comes with the U2F authentication.
KeepKey Bitcoin Hardware Wallet: Since its launch in 2015, KeepKey has been considered as one of the best hardware wallets for storing Bitcoin and other cryptocurrencies. Unlike other standard hardware wallets, KeepKey features some of the advanced specifications. Thus, it is the top choice of the experienced Bitcoin users. There is minimal designing all over along with a larger screen on the front side. The pin, as well as the passphrase, are completely secure through proper encryption inside the device. If the device is tampered with by anyone, the content inside the same gets destructed on its own.
Trezor Bitcoin Hardware Wallet: This is also a great choice of the hardware wallet for the Bitcoin users. Manufactured by the Satoshi Labs in the Czech Republic, this wallet is considered to be of the gold standards when it comes to storing Bitcoin and other cryptocurrencies in a secure manner. The wallet appears like a keyless entry remote which is highly simple to use with other connecting devices. Even the applications are very easy to use and smooth in comparison to the other hardware wallets.
Ledger HW.1 Bitcoin Hardware Wallet: If you are looking for a budget-friendly wallet, then this could be the one for you. The only drawback with this wallet is that it does not come with any screen. However, it is equally secure and convenient to use just like other types of hardware wallets for storing Bitcoin and other cryptocurrencies.
Pi Wallet Bitcoin Hardware Wallet: This hardware wallet serves as a small computer system that comes equipped with the Armory Bitcoin client. All the transactions by using this wallet are signed in an offline mode and are then transferred to the desired USB device. Then, these can be transmitted online for the purpose of broadcasting or for some transactions.
BWALLET Trezor Bitcoin Hardware Wallet: This hardware wallet for Bitcoin is a clone of the standard Trezor wallet. Manufactured by a Chinese company, this is an open-source Bitcoin hardware wallet. This device functions just like the Trezor hardware wallet. However, it does not work with the official website of Trezor and also does not function with the official firmware of Trezor.
Opendime Bitcoin Hardware Wallet: Simply referred to as the “Bitcoin Stick”, this is the first ever Bearer Bond with respect to the Bitcoin cryptocurrency. Opendime appears like a miniature USB stick. This allows the users to spend Bitcoin like physical cash. Even the setting up this USB device is highly simple and quick. This open source hardware wallet offers the multi-language user interface to the Bitcoin users.
CoolWallet Bitcoin Hardware Wallet: This is a Bluetooth device which appears like a credit card. This device is used for storing the private keys as well as bitcoins in a secure manner. The best feature of this wallet is that it can be kept in your physical wallet easily and you can work with the same in a seamless manner.
BitLox Bitcoin Hardware Wallet: This is a strong Bitcoin hardware wallet that comes enclosed in a special metal (titanium or aluminum) case. This wallet works through its own web-based online wallet that can be accessed through the USB device and the apps for Android & iOS through the Bluetooth LE. This is the only Bitcoin hardware wallet that is available for iPhone. You can set up hidden wallets with the help of this hardware wallet.
BlochsTech Bitcoin Hardware Wallet: This is an open source hardware wallet for Bitcoin that appears as a Bitcoin card. You can use this wallet for shopping as it is faster to be accepted than the usual wallets based on QR Code. This wallet is assumed to be replacing the Visa system across the world in the coming future.
If you are looking for some high-end, convenient hardware wallet for Bitcoin, then make the wise selection from the best ones as listed above. A hardware wallet for storing Bitcoin & other cryptocurrencies serve to be a highly secure system in the long run. Ensure the safety of your money and financial transactions through these Bitcoin walle