Cryptocurrency has reached a point where the safety of your coins is no longer a “will-do” thing, but an “I’ve done it” contentment. What do I mean? Storing your crypto securely in 2018 is crucial to avoid the risk of losing it all to a hacker. You must have asked for tips on how to keep your crypto safe. What are the best wallets for storing cryptocurrency safely in 2018? Can I get a cool hardware wallet that allows multi-cryptocurrency storage? These could be some of the many questions you may have/are asking.
Trust me; it’s quite confusing when confronted with the idea of choosing the best, especially if you are new to cryptocurrency. Apart from design, type, and whether it allows several currencies or not, you need to consider price and portability. Well, worry no more because this article will give you everything; from listing the best wallets to consider this year, to the features that make them stand out, and why having one would be great for the safety of your crypto.
Here is the list of the top 5 fanciest wallets of 2018:
The Ledger Nano S
The Ledger Nano S was the go-to HD wallet in 2017 and continues to lead the rest in 2018. It is a hardware wallet that allows for the storage of several cryptocurrencies and, therefore, suitable for your portfolio range. One unmistakable feature of the Ledger Nano S is its USB-like design and a small display screen. It is compact in design which makes it portable and convenient to use. There is a metal casing to prevent damage to the screen that is also useful when generating your seed word. Two tiny buttons help you navigate the device.
The Nano S has built-in anti-tamper software for maximum security right from the point of production. The Ledger Nano S also supports Universal 2nd Factor (U2F) Authentication making it one of the most secure hardware wallets. Once you set up your device, your crypto is safe from hackers.
TREZOR is a top multi-currency hardware wallet. It’s a plastic USB-connectable device that stays offline, offering maximum security to your crypto. The Trezor HD Wallet is compatible with your desktop and other mobile devices. It has a stylish interface that allows you to send and receive cryptocurrencies without the risk of exposing your private key. Trezor supports a wide range of operating systems like Mac, Linux, and Windows. Additionally, Trezor supports all Android OS devices. Other than the two buttons that work similarly to the Ledger Nano S, Trezor has a slightly larger display screen. Included in the shipping box is a USB cable that connects the device to your computer and two seed word recovery cards. Trezor is slightly pricier than the Ledger Nano S.
CoolWallet is another stylishly-designed hardware wallet in the mold of a credit card or bank card. However, it differs in the sense that the CoolWallet is actually an electronic device. With it, you can interact with a range of other devices that are Near Field Communication (NFC) compatible or Bluetooth-enabled. This makes CoolWallet realistically cool. Though different in design to the first two hardware wallet devices, CoolWallet still comes with a USB connector, charger, and a seed word card. What’s really amazing about this card-like wallet is that the designers were able to integrate a 24.6mm x 21.9mm display screen onto it. It also has a small control button that you press to navigate on the display screen. You can, therefore, safely generate your password or seed words from this screen. The CoolWallet is also waterproof and heat resistant. To enhance security, the wallet stays offline and uses either a word or number password for access. One attractive addition to this cool wallet is the ability for you to access your bitcoins from any other BIP32 compatible wallet using your seed phrase. To find out how this exciting wallet works, visit abitgreedy.com/coolwallet/.
KeepKey is yet another very fancy hardware wallet that provides you with cold storage capabilities. This wallet was launched in 2015 and has a proven track record. It has two very attractive features: an offline screen that ensures your seed never shows up online and a pin code/number randomization that ensures the device remains secure even in the wrong hands and more importantly, prevents malware attacks from accessing your bitcoin. If you are new to using this HD wallet, then worry not as setting it up is as easy as the other hardware wallets.
In terms of security, KeepKey provides the highest security for your crypto with its malware-proof feature, seed word back up, and 2F authentication. In case you lose your wallet or it’s damaged, KeepKey provides for a recovery using your seed word and KK’s Chrome extension. You also store your private keys on an offline device that never connects directly to the internet.
The Ledger Blue
The Ledger Blue, the latest hardware wallet from the makers of the Ledger Nano S, is perhaps the fanciest and priciest of the five wallets. Its most recognizable features are the touchscreen and its Bluetooth functionality. It is a multi-currency wallet that supports all the major coins and a host of the altcoins. The developers made Ledger Blue with four things in mind: secure environment, privacy, malware proof and ease of use.
To ensure that your whole setup and recovery process is safe, the Ledger Blue lets you carry out all processes on the Touchscreen. This isolated environment is enabled by its dual-chip architecture that includes an ST32 micro-controller. You also get to set up a pin code for accessing the interface, and the process of generating your private keys is only visible to you, eliminating 3rd party risks. Also, apps on the Ledger Blue cannot interfere with each other, meaning that installed apps can’t access any security features or your crypto. Despite the new tech additions, setting up your wallet remains as simple as with the earlier Ledger Nano S.
Keeping your crypto safe should be the first thing on your mind, even before you undertake your first buy on the market. It, therefore, calls for thoroughness when choosing a wallet. The choices above present some of the best wallets available. Find out more about each before you put your money into that new crypto.
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