There are many types of wallet for cryptocurrency. You may have heard of paper wallet, hot exchange wallet, desktop/mobile wallet or hardware cold wallet. We consider hardware cold wallet as one of the safest method to store cryptocurrencies. If we ask people who really understand how cryptocurrency works, they suggest everyone to always have a hardware wallet and a mobile wallet. You can keep small amount of cryptocurrencies in mobile wallet so that you can buy coffee or transact something on day-to-day activities but always keep your investment amount in hardware cold wallet.
In this article, we will explore through different hardware wallets.
|Wallet Name||Starting Price||Where To Buy|
|Ledger Nano S||$59||Link|
|Ledger Nano X||$119||Link|
|Trezor Model T||$170||Link|
Analyzing all these hardware wallets further:
- Most economic to buy are KeepKey, Trezor One and Ledger Nano S.
- Expensive one have better design and more functionalities.
- Stable and well-recognized by communities are Ledger and Trezor.
- Ledger is company owned but Trezor is open source.
Hence, CoinDesk Nepal considers Trezor One to be the best hardware wallet for cryptocurrencies. Second position in this comparison goes to Ledger Nano X and third position goes to Trezor Model T.