5 Best Hardware Wallets in 2024

What is a Hardware Wallet?

A hardware wallet is a physical device that stores cryptocurrencies and the private keys needed to transact them. They often come in the form of a USB device.

They differ from software wallets, which are computer programs installed on your computer or smartphone. Software wallets can be more convenient, but as hardware wallets store your crypto offline, they tend to be more secure.

How to use a Hardware Wallet

You can get started with your first hardware wallet by following our simple three-step guide.

1. Choose a hardware wallet

Start by finding a hardware wallet you like. Price, features, and coins supported are just some of the factors to consider when choosing. As you want to keep your assets safe, it’s wise to pick a secure and reputable device, such as our top choice below.

2. Set up your hardware wallet

Once your hardware wallet arrives, you will need to set it up. This is usually a quick and straightforward process, and you should be able to find instructions on the website or the device itself. You can also download the associated app, if applicable.

3. Keep your crypto safe

With your hardware wallet set up, you’re ready to securely store your crypto on it. If you have crypto stored elsewhere, you can send it to your hardware wallet address. Many hardware wallets will also let you purchase crypto through their associated app.

How To Choose a Hardware Wallet

Here is more information on some of the most important factors to consider when choosing a hardware wallet.

• Price – Depending on your budget, you may want to select a more affordable wallet, or instead prefer to pay a bit extra to get all the features you desire.

• Security – As the point of hardware wallets is to keep crypto secure, this is a key factor. You may want to check which vulnerabilities you will be protected from, whether the device has a secure chip, and whether you can set up 2FA.

• Extra features – If you want to do more than store crypto, you will need some extra features. These might include support for NFTs, the ability to install apps, or trading functionality.

• User experience – You should find your hardware wallet convenient and easy to use. Things to consider could include the size of the screen and how intuitive the device is to navigate.

• Coins supported – It’s important to make sure that your chosen wallet will support all the cryptocurrencies you want to store before transferring them to it.

• Customer support – Customer support will come in handy if you need any assistance setting up or using your hardware wallet. Check what kind of support you can expect, such as educational articles, email, or phone support.

Final Thoughts

If you want that extra bit of security when it comes to keeping your crypto safe, a hardware wallet could be just what you need. The variety of devices on the market means there is an option for every preference and budget. This page should help you find the hardware device that’s perfect for you.