In the crypto space, the saying goes “not your keys, not your coins”. In other words, unless an investor has the private keys to their crypto wallet, they will not have full control over their digital assets.

This is where crypto hardware wallets are useful. This guide explains what hardware wallets are and how they work. We also provide comprehensive reviews of the top crypto hardware wallets on the market right now.

The 10 Best Crypto Hardware Wallets Ranked

With dozens of options available, it is becoming increasingly challenging to choose the best hardware wallet for crypto storage.

Below are top providers that offer highly secure cryptocurrency hardware wallets:

  1. Ledger Nano X – Overall Best Crypto Hardware Wallet for 2022 
  2. Trezor – Top Cryptocurrency Hardware Wallet
  3. Keepkey – Affordable Crypto Hardware Wallet
  4. BitBox02 – Best Bitcoin Hardware Wallet
  5. SecuX – Crypto Wallet With Unique Design
  6. Ellipal Titan – Air-Gapped Crypto Hardware Wallet
  7. SafePal S1 – Crypto Hardware Wallet Backed by Binance
  8. Keystone Pro – Hardware Wallet With Fingerprint Scanner
  9. CoolWallet Pro – Easy-to-Use Crypto Hardware Wallet
  10. NGRAVE Zero – Highly Secure Crypto Wallet
  11. D’CENT – Biometric Hardware Wallet

To learn more about the hardware wallets listed above via in-depth reviews, read on.

The Best Cryptocurrency Hardware Wallets Reviewed

Choosing a safe, easy-to-use wallet is the first crucial step to consider when investing in cryptocurrencies.

The most secure way to store digital assets is to move them to a hardware wallet – which keeps the private keys offline, and away from the reach of hackers.

In this section, we explore the best cryptocurrency hardware wallets that offer the perfect balance between core features and safety.

1, Ledger Nano X – Overall Best Crypto Hardware Wallet for 2022

LedgerOur number one pick for the best crypto hardware wallet is Ledger Nano X. This wallet generates private keys via the device itself and is secured with a PIN. Moreover, the Nano X is relatively easy to use and supports over 5,500 digital assets.

This is the largest number of cryptocurrencies supported by a hardware wallet in this marketplace. The device comes with a USB-C cable and can be connected to a desktop device or mobile phone. It is also Bluetooth-enabled, which makes it easy to link the device when sending or receiving funds.

Ledger

With this hardware wallet, individuals also get access to Ledger Live – a mobile app and desktop software that can be used to manage the digital assets stored on the device. It comes with several in-built features, which enable users to buy, sell, and trade cryptocurrencies.

Ledger Live also makes it possible for users to securely stake digital coins, including Ethereum, Solana, Cosmos, and more. This means that investors can grow their digital assets while holding them in the Ledger hardware wallet. The Ledger Nano X can also store up to 100 applications and integrates with many popular web3 platforms.

Furthermore, the Ledger Nano X wallet is capable of holding not only cryptocurrencies but also NFTs. The only consideration here is the cost of the device – which averages $149. Ledger is also behind several other models, the Nano S and Nano S Plus, which, although cheaper, come with fewer features and benefits.

Price of hardware wallet $149
Top 3 features Bluetooth connectivity, supports 5,500+ tokens, superb reputation for security
In-built exchange/trading Yes
Our rating 5/5

2. Trezor – Top Cryptocurrency Hardware Wallet

trezor reviewTrezor is another popular provider that offers a solid hardware wallet for Bitcoin and other digital assets. Similar to Ledger, this company offers several different versions of its hardware wallet – which include the original Trezor One and the Model T.

The main difference between the two is that on the Trezor Model T, PINs and passwords are entered via the device itself. On the other hand, on Trezor One, users must use a computer or a mobile device to enter their credentials. This means that the Trezor Model T is the secure option. However, this hardware model is also expensive at $280 per device.

Trezor review

In comparison, the Trezor One is cheaper and is available at $77. This provider also has a flagship software called Trezor Suite, which can be used to buy, exchange, and spend digital assets. Users can store and manage over 1,000 cryptocurrencies through the Trezor wallet.

Trezor hardware wallets come with larger displays when compared to Ledger, so it’s easier to read the screen.  However, it does not offer support for Bluetooth, which makes it slightly less convenient to use. Trezor also comes with a microSD card that can be used as a backup to store passcodes.

Also, it is worth noting that both Ledger and Trezor are compatible with Exodus, which is a non-custodial software wallet. To know more about this partnership, read our full Exodus wallet review here.

Price of hardware wallet Up to $280
Top 3 features Large display, supports 1,000+ tokens, highly secure
In-built exchange/trading Yes
Our rating 4/5

3. KeepKey – Affordable Crypto Hardware Wallet

keepKeyLedger and Trezor are undoubtedly the market leaders when it comes to hardware wallets for crypto. However, both options might be considered somewhat costly. So, for those looking for an affordable alternative, users can consider KeepKey – which is perhaps the best Bitcoin hardware wallet priced at under $50. 

KeepKey was originally launched in 2015 as a standalone wallet. In 2017, the company was acquired by ShapeShift, one of the best crypto exchanges to integrate with non-custodial wallets. In design, KeepKey resembles a USB device and has a small OLED screen that can be controlled with buttons.

Keepkey

However, the KeepKey wallet is a bit bulkier when compared to the Ledger Nano X or Trezor. To use the KeepKey wallet and manage their digital assets, investors need to access the ShapeShift platform. The main downside of this wallet is that it supports just over 40 cryptocurrencies, which is much fewer than what’s offered by other providers in this space.

Price of hardware wallet $49
Top 3 features Cheap crypto hardware wallet, large user-friendly screen, integration with Shapeshift
In-built exchange/trading Yes, through Shapeshift exchange
Our rating 3.5/5

4. BitBox02 – Best Bitcoin Hardware Wallet

BitBox02 is a cryptocurrency hardware wallet that sports a minimalist and discreet design. It comes in two variations – one exclusively for Bitcoin, and another that also supports a range of altcoins. The latter can be used to store over 1,500 cryptocurrencies.

This Swiss-made hardware wallet comes with a companion app – through which users can buy cryptocurrency. In addition to the BitBox02 app, the device also connects to other crypto wallets such as MyEtherWallet, Electrum, and more. For additional backup, BitBox02 also has a slot to accommodate a microSD card.

BitBox02

BitBox02 has a multi-signature account feature, which allows its users to easily verify crypto transactions. The wallet can also be used to connect to dApps on the Ethereum ecosystem, such as NFT marketplaces, exchanges, and other DeFi platforms. The BitBox02 wallets cost 129.00 (approximately $135).

Price of hardware wallet Approximately $135
Top 3 features Sleek design, supports 1,500+ tokens, connects to several software wallets
In-built exchange/trading Yes
Our rating 4/5

5. SecuX V20 – Crypto Wallet With Unique Design

SecuXSecuX is another option to consider from our list of the best crypto wallets for 2022. It has three models – the W10, W20, and V20. The W10 wallet is compatible only with desktop devices. Whereas the W20 and V20 can be connected to both desktop and mobile devices.

In this review, we will focus on V20 – which is the latest model released by SecuX. The wallet comes with a unique circular design and a large 2.8-inch color touchscreen. The device is made of a military-grade infineon secure element chip.

SecuX V20

Moreover, it also supports both Bluetooth and USB Type-C connections. The wallet can manage up to 500 accounts and supports more than 1,000 digital tokens. To buy cryptocurrencies, SecuX users will have to connect their wallets to Coinfy. Therefore, fees and commissions are out of the control of SecuX itself.

Price of hardware wallet $139
Top 3 features Bluetooth connectivity, support for microSD, 2.8-inch color touchscreen
In-built exchange/trading No
Our rating 3/5

6. Ellipal Titan – Air-Gapped Crypto Hardware Wallet

Ellipal Titan offers an air-gapped hardware wallet solution for cryptocurrencies. This means that it is impossible to connect this wallet physically to computers or other devices. Instead, this wallet works with the exclusive Ellipal app – which sends transaction information to the device via a QR code.

Users can then confirm the transaction through the wallet by entering their PIN. This will generate another QR code on the device, which has to be scanned via the app to confirm the transaction. While this might sound complicated for newbies, air-gapped devices are considered the safest option to keep private keys offline.

Ellipal Titan

In addition to this, the Ellipal Titan wallet even comes with an auto-destruct mode that restores factory settings when tampered with. Moreover, it supports 10,000+ tokens and 45 blockchain networks. In addition to verifying transactions, the Ellipal app can also be used to buy and even stake digital assets.

Price of hardware wallet $119
Top 3 features Air-gapped device, supports 10,000+ tokens, large screen
In-built exchange/trading Yes
Our rating 4/5

7. SafePal S1 – Crypto Wallet Backed by Binance

SafePalSafePal S1 is another cryptocurrency hardware wallet that is air-gapped and comes with a self-destruct mechanism. It works with the SafePal app, which allows users to buy, sell, and swap cryptocurrencies. Through this wallet, investors can buy BTC with credit card or other popular payment methods.

This includes payments via a bank transfer, Bancontact, Sofortbanking, and Giropay. This is also the first hardware wallet that Binance has invested in. Due to this close association, SafePal users can access Binance trading products and services within the wallet app.

SafePal

SafePal S1 also integrates with the most popular dApps on Ethereum, Tron, and Binance Smart Chain. At first glance, SafePal resembles a slightly thick credit card – with a 1.3-inch screen. The wallet also has a camera to scan QR codes to verify crypto transactions. It offers support for 33 blockchains and 30,000+ tokens.

Price of hardware wallet $49.99
Top 3 features Air-gapped hardware wallet, supports 30,000+ tokens, integrates with Binance
In-built exchange/trading Yes, via Binance
Our rating 4/5

8. Keystone Pro – Hardware Wallet With Fingerprint Scanner

Keystone Keystone Pro also uses air-gapped technology, which makes it one of the best crypto hardware wallets in terms of safety. The wallet uses QR code transmissions to verify transactions. Keystone also has a proprietary bank-grade secure element that ensures private keys never leave the device. 

In addition to this, Keystone Pro also has a fingerprint sensor that lets users unlock the device and sign transactions. Like the other air-gapped wallets discussed so far, Keystone Pro has a self-destruct mechanism that will wipe the private keys upon detection of tampering.

Keystone pro

The Keystone Pro must be connected with its companion app to connect to the blockchain. It also comes with support for over 800 digital tokens.  However, at the time of writing, it isn’t possible to buy or exchange cryptocurrencies via the KeyStone hardware wallet app.
Price of hardware wallet $169
Top 3 features Air-gapped hardware wallet, supports 800+ tokens, handy fingerprint scanner
In-built exchange/trading No
Our rating 4.5/5

9. CoolWallet Pro – Easy-to-Use Crypto Hardware Wallet

CoolWallet pro CoolWallet Pro is one of the sleekest crypto hardware wallets in the market. It is only 0.8mm thick, is lightweight, and it even supports Bluetooth connectivity. This means that individuals can easily carry their CoolWalletPro wallet when on the move.

However, this does not mean CoolWallet Pro compromises on security or core features. In fact, it is one of the few hardware wallets that supports in-built NFT trading services. It also connects with Binance DEX and WalletConnect to facilitate the purchase and exchange of digital assets.

CoolWallet Pro

In addition to this, the device also supports staking for those looking to generate a yield on their crypto holdings. CoolWallet Pro works hand-in-hand with the CoolBitX app – which functions as its software counterpart. Users of this wallet can store over 150 digital tokens on the device.

Price of hardware wallet $149
Top 3 features Size of a conventional credit card, comes with a user-friendly app, integrates with Binance DEX
In-built exchange/trading Yes
Our rating 4.5/5

10. NGRAVE Zero – Highly Secure Crypto Wallet

NGRAVENGRAVE advertises itself as the world’s first crypto hardware wallet with EAL7 security certification. It is fully air-gapped, and as such does not have any network connection capability such as WiFi, Bluetooth, NFC, or 4G.

Just like Ellipal Titan and SafePal Pro, all communication on NGRAVE Zero also takes place via QR codes. It supports over 1,000 digital coins, which includes many ERC-20 tokens.

NGRAVE Zero can also hold NFTs built on the Ethereum network. To access cryptocurrencies stored on Zero, individuals will need to download the NGRAVE Liquid app.

NGRAVE Zero

However, it is important to note that the native app does not allow users to buy or exchange digital assets. Moreover, this crypto hardware wallet comes with a high price tag. At the time of writing, NGRAVE Zero costs just under €400 – or about $405. As such, this is one of the most expensive hardware wallets in the market.

Price of hardware wallet $405
Top 3 features Air-gapped hardware wallet, EAL7 security certification, supports 1,000 tokens
In-built exchange/trading No
Our rating 3/5

11. D’CENT – Biometric Hardware Wallet 

DCENT ShopD’Cent is the final hardware wallet to consider today. This option features biometric verification. It has a large OLED display, which adds to the convenience of using the device. The wallet can be connected to a desktop or mobile device using Bluetooth or a USB cable.

Cryptocurrencies held on this wallet can be managed via the D’CENT mobile app. It also offers integration with DeFi platforms and NFT marketplaces. As of writing, the D’CENT wallet can be used to store over 2,700 digital tokens.

D'CENT

D’CENT also has a card wallet, which is thinner in design. To verify transactions, users can simply touch the card on an NFC-capable smartphone  However, investors will have to purchase separate cards for Ethereum and Klatyn-based tokens.

Price of hardware wallet $139
Top 3 features Bluetooth connectivity, supports 2,700+ tokens, biometric verification
In-built exchange/trading No
Our rating 3/5

Best Hardware Wallets for Crypto Compared

The task of choosing a suitable crypto wallet can be challenging, even for experienced investors.

To help make the right decision, we have included a table below – which outlines all the key points regarding the best crypto hardware wallets in the market today.

Number of tokens Price of device Fee to buy crypto Top 3 features
Ledger Nano X 5,500+ $149 4.5% for debit/credit card, 1.7% for bank transfers Bluetooth connectivity, supports 5,500+ tokens, comes with Ledger Live
Trezor 1,000+ $77 for Trezor One, $280 for Trezor Model T Built into the exchange rate Large display, supports 1,000+ tokens, highly secure
KeepKey 40+ $49 Built into the exchange rate on ShapeShift Cheap crypto hardware wallet, large user-friendly screen, integration with Shapeshift
BitBox02 1,500+ $135 4.9% for debit/credit card, 1.9% for bank transfers Sleek design, supports 1,500+ tokens, comes with BitBoxApp
SecuX V20 1,000+ $139 5% for debit/credit card, 1% for bank transfers via Coinfy Bluetooth connectivity supports, support for microSD, 2.8 inch color touchscreen
Ellipal Titan 10,000+ $139 Built into the exchange rate Air-gapped device, 10,000+ tokens, large screen
SafePal S1 30,000+ $49.99 0.3% service fee for swap order, third party fees to buy crypto Air-gapped hardware wallet, supports 30,000+ tokens, integrates with Binance
Keystone Pro 800+ $169 NA Air-gapped hardware wallet, supports 800+ tokens, has a fingerprint scanner
CoolWallet Pro 150+ $149 Up to 5% via third-party platforms Size of a credit card, comes with CoolBitz app, integrates with Binance DEX
NGRAVE Zero 1,000+ $405 NA Air-gapped hardware wallet, EAL7 security certification, has a fingerprint scanner
D’CENT 2,700+ $139 Fees vary based on the chosen third-party providers Bluetooth connectivity, supports 2,700+ tokens, biometric verification

What is a Crypto Hardware Wallet?

Cryptocurrency hardware wallets are small devices that are specifically built for storing private keys and signing transactions. The device is plugged into a computer or a mobile device to enable users to manage and spend their digital assets. 

More specifically, all aspects of cryptocurrency transactions and validations are handled through the device. Since the private keys are not exposed to the outside world, this provides a strong defense against phishing scams and hackers.

Ledger Nano

With a hardware wallet, the owner holds the private keys to their crypto funds and as such, has full control over the tokens.

That said, today’s best cryptocurrency hardware wallets also come with additional features – such as support for buying and selling digital tokens. Providers such as Ledger also offer access to crypto staking from within the wallet app. 

How do Crypto Hardware Wallets Work?

Cryptocurrencies are not stored within the hardware wallet itself. Instead, they are held via a unique address on the blockchain.

To illustrate how hardware wallets work, let us explain the process of storing cryptocurrencies.

  • When creating a crypto wallet, two types of keys are generated.
  • The public key is used to generate wallet addresses – and investors can share this with others to receive cryptocurrencies.
  • On the other hand, a private key functions as a digital signature or a password and is used to confirm transactions.
  • Anyone who has access to the private key of the wallet can claim ownership of the tokens.

This is why private keys should be kept securely. When using a hardware wallet, the private keys are generated within the device and stored offline.

Moreover, any crypto transaction has to be verified via the physical device, which adds to the overall protection.

Hardware wallets also generate a recovery seed at the time of the initial setup. This is a random string of words that can be used to get access to digital assets in case the private keys are lost.

Moreover, this serves as a backup to the user in the event the hardware device is misplaced or stolen.

Benefits of Hardware Crypto Wallets

Here are some of the reasons why investors should consider buying a cryptocurrency hardware wallet.

High Security

When keeping crypto assets in a custodial wallet, investors are essentially giving up ownership of the respective tokens. This means that individuals need to fully trust the exchange or broker to keep their digital assets safe. 

Moreover, if the exchanger or broker is hacked, an investor could end up losing all their funds. By choosing a hardware wallet, users can be sure that their cryptocurrencies are secure, and away from the hands of hackers. 

Claim Control 

Throughout this guide, we have emphasized that hardware wallets offer users full control over their digital tokens.

Let us elaborate on this. 

  • Suppose an investor is storing cryptocurrencies on an exchange or a custodial wallet.
  • If the exchange imposes any freeze on withdrawals or shuts the site down for maintenance, this means that investors will be helpless, which can be tricky in the event of volatile market activity.
  • Put otherwise, there might be situations where individuals might not be able to take advantage of market opportunities. 

On the other hand, when using a crypto hardware wallet, investors can access their assets whenever they want. If one exchange is shut down for maintenance, they can transfer their assets to another and execute the trade. 

Additional Functionalities

Initially, hardware wallets could do nothing more than store cryptocurrencies.

However, today, the best crypto hardware wallets come with a long list of features.

ledger

Investors can often buy, sell, stake, and exchange digital assets from within the wallet app.

Moreover, many hardware wallets are integrated with DeFi platforms, and can even store NFTs. In other words, there is no need to choose between safety and functionality anymore.

Hardware Crypto Wallets vs Software Wallets

When it comes to storing digital assets, investors have two different options – hardware and software crypto wallets.

In the following sections, we take a closer look at the difference between the two.

Software Wallets

Software wallets come in the form of applications that can be installed on a computer or a cell phone. In some cases, these are also available as a browser extension. Needless to say, there are dozens of software wallet options in the market.

Most of these are free to download and are considered highly convenient to use. Individuals can choose between a custodial or non-custodial software wallet depending on their investing style and safety requirements.

However, the problem with software wallets is that the private keys remain on a device that is connected to the internet. And as such, it is vulnerable to remote hacking attempts.

Hardware Wallets

To provide utmost security to a crypto investment, users should consider storing their private keys in a cold offline wallet. This is why hardware wallets are considered the most secure storage option.

As we noted above, hardware wallets are protected by a PIN and a recovery phrase. Should someone take possession of the device, it is nearly impossible for them to extract the keys without guessing the PIN.

How to Choose the Best Crypto Hardware Wallet for You

Now that we have established the advantages of hardware wallets, let us consider how to choose a suitable provider.

When trying to find the best hardware cryptocurrency wallet, investors can consider the following aspects. 

Security 

The main reason for choosing a hardware wallet is security. However, some providers deliver better safety mechanisms than others.

For instance, there are providers that offer air-gapped solutions. As we discussed above, these offer an unparalleled level of protection.

Ledger

However, air-gapped wallets might be a bit cumbersome to use, especially for beginners. Instead, a wallet like the Ledger Nano X provides the right balance of convenience and functionality, without compromising on security.

Supported Coins

For investors who have a diversified portfolio, the number of tokens supported by a wallet is a crucial consideration.

Almost all of the wallet providers discussed today support over 1,000 tokens – which includes the most popular cryptocurrencies in the market right now.

Fees

When considering a hardware crypto wallet, individuals should also think of the cost of the device.

The best cryptocurrency hardware wallets in the markets cost at least $100. Some options – such as the NGRAVE Zero, can set the buyer back by around $400.

Therefore, it is up to the investor to decide how much they are willing to spend and what features they expect in return.

However, bear in mind that this is a one-time investment. Hardware wallets can be used for many years and the cost of the device is more than worth the investment when considering the security they offer.

User Experience

Hardware wallets are not known for their convenience.

However, hardware wallet designs have evolved over time, and these days, devices are extremely convenient to use.

Ledger Live

Several crypto hardware wallets come with large, colored screens. On top of this, some wallets also provide biometric verification, which makes it even easier to confirm transactions.

Conclusion

Those looking for the highest level of protection for their cryptocurrencies should consider a hardware wallet. Moreover, the best Bitcoin hardware wallets available today are not only highly secure but easy to use. 

All in all, we found that the Ledger Nano X gives an optimal mix between security and usability.

It supports over 5,500 digital coins and comes with Bluetooth connectivity. Furthermore, it connects seamlessly with the Ledger Live app, which allows investors to buy, sell, and stake cryptocurrencies with ease.

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