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Best Crypto Cold Storage Wallets

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Secure storages for crypto undertakings are very important; therefore, in this article, we will be recommending and reviewing some of the top-rated and very useful cold storage wallets. This information should assist you in finding a cold wallet that is well-suited for you. But before unveiling the top crypto storage wallet, let us discuss the meaning and uses of a cold storage wallet.

What Is a Cold Storage Wallet?
A cold storage wallet is a piece of hardware or device that stores cryptocurrencies offline. It is not like the hot storage wallet, which is software that is easily accessible via your smartphone and computer, and you need the internet to access it. One major advantage of a cold wallet is that it is secure and safe from hackers. A trader can keep both the cold wallet and the hot wallet for different important uses. The hot wallet can be used to run day-to-day transactions in the crypto market, while the cold wallet can be used to keep the crypto for long-term purposes.

The top crypto wallet is rated and reviewed based on popularity, versatility, and price.

Cold Storage Wallet – Merit and Demerit

Merit: 

  1. In the case of losing your cold wallet (hardware), you can easily retrieve the information that is contained in the lost device. All you just need to do is to provide your seed phrase into another cold wallet hardware and you will recover the stored content of the lost device.
  2. It supports a wide range of currencies.
  3. A cold wallet can store access keys offline. This makes it impossible for bad actors in cyberspace to hack into the wallet.

Demerit:

  1. A cold wallet is expensive. It is not like the hot wallet, which can be easily gotten and maintained free of charge. The price for a cold storage wallet ranges between $60 to $170.
  2. A cold wallet does not work well for daily traders who need quick funds to run their businesses.
  3. A cold wallet could be lost or spoilt. Although this should not be much of a problem since with the purchase of a new one and the provision of the seed phrase, one can easily recover the lost assets, however, it is a serious problem to lose or misplace a cold wallet.

cryptocurrency theft comcept on smart phone screen. Big red hacked message and empty wallet. Phone on a laptop computer.

The List of Best Crypto Cold Storage Wallet

  1. Trezor Model T
    The Trezor Model T is considered the best cold storage wallet for Bitcoin. It is an innovative touchscreen wallet that even allows users to securely access third-party exchanges, and it supports over 1200 types of crypto assets. The first release of this device was in 2014. And it quickly became a favorite for Bitcoin investors then. All the inputs are done via the device’s touchscreen. This makes it difficult for a keystroke hacker to hack through the wallet. The wallet is compatible with Windows, Macintosh, Android, and Linux.
  2. Ledger Nano X
    This is a cold wallet storage method that is used by Ledger connections on computers or smartphones. This very useful device costs around $119. It has also become widely accepted among investors since it was first released in 2016. Nano X also works well on Windows, macOS, Android, and iOS. It has a screen and Bluetooth connectivity.
  3. NGRAVE ZERO
    The NGRAVE ZERO is the very first crypto hardware wallet in the world. And it is recognized and awarded for having the highest security certification in the crypto industry. The hardware is equipped with a biometric sensor. NGRAVE ZERO was named the 2021 award winner, at the AIBC Summit, as the Crypto Wallet Solution of the Year. Out of the three picks for the best crypto cold storage wallets, we choose NGRAVE ZERO as the topmost.

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