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The best crypto cold wallet for safe & secure storage, as found in our independent testing, is Ledger Nano X!
Cryptocurrency has secured huge popularity over the past few years. More and more people are investing in it, and experts suggest that its popularity is bound to swell even more in the future.
In simple words, it is a digital currency that works on the blockchain system.
It is designed to be used as a medium of exchange and buying products or services.
The cryptocurrency was first introduced in 2008, and it has been on the up and up since then. It has several benefits over traditional currency.
For starters, it is decentralized and free from any external authority. Unlike dollars or rupees, it is not controlled by any government or authority.
It uses military-grade encryption to protect your transactions and has no or very low transaction costs.
With that out of the way, if you have done some research on cryptocurrency, you must have heard about the cryptocurrency wallet.
A cryptocurrency wallet is a method of storing your digital assets.
It stores both your public and private keys and keeps them safe so that no one can access them without your permission.
Cryptocurrency wallets come in two different types, i.e., hot wallets and cold wallets.
While hot wallets are known for their ease of use, cold wallets ensure high security.
This is why investors who want to store big amounts opt for a cold storage wallet.
A crypto cold wallet is not connected to the internet, making it safe from cyber threats.
In this article, we will discuss the best cold wallets available in the market.
Best Cold Wallet for Crypto Storage in 2023
Below are some of the best cold wallets for storing crypto.
The Ledger Nano X crypto cold wallet sits at the top of our list. It is manufactured by Ledger, a well-known hardware wallet brand in the industry.
The company was established in 2014 and is among the leaders in the hardware wallets industry.
Talking about the Ledger Nano X, it was launched in 2019 and has become a go-to online cold wallet for many cryptocurrency investors worldwide.
The best thing about the Ledger Nano X online cold wallet is that it uses the most advanced technology for the best storage experience.
It can hold up to 100 apps simultaneously, which is a giant leap from the three apps on its elder sibling.
In addition, it comes with Bluetooth for better connectivity with other devices.
As far as the setup is concerned, setting up the Ledger Nano X is a pretty straightforward affair.
Make sure to install the Ledger Live app for trading on the go.
If you are using it for the first time, click on the first option after agreeing to the terms and conditions.
Then, you will need to connect your Ledger Nano X device to your computer using the cable from the Nano box.
Once it powers up, you can use the black and grey buttons on its body and scroll through the navigation instructions.
To make a selection, press both the buttons simultaneously.
The next step to set up your Ledger Nano X crypto cold wallet is to choose a pin code. This cold storage wallet uses a pin code to ensure security.
Use the buttons on the device to enter your desired pin code, and press the buttons simultaneously to confirm it.
All of the most popular and widely traded coins are supported via the Ledger Live software.
On the other hand, you will need an alternative software for making transactions in relatively less popular cryptocurrencies.
The Ledger Nano X crypto cold wallet supports over 1800 cryptocurrencies, such as bitcoin, Ethereum, XRP, and many others.
You can rest assured that you won’t need another wallet just because you want to store a specific coin.
All these features make it the best cold wallet for crypto.
The Ledger Nano X crypto cold wallet dimensions are 72mm x 18.6mm x 11.75mm, and it weighs 34 g.
It is made of stainless steel and also has a battery. Overall, the Ledger Nano X is an excellent cold storage wallet for those who can afford it.
Manufactured by Trezor, the Trezor Model T is the next cold wallet for crypto on our list.
It was released back in 2018 and has been riding a crest of a wave since then.
It is suitable for pro and beginner investors alike, making it the best cold wallet for crypto.
There are many reasons to love the Trezor Model T cold wallet, but the reason that stands out the most is that it uses a touch screen display for your convenience.
It is highly responsive, and you won’t experience any lags or slowdowns while operating it. It is surely the best crypto cold wallet with a touchscreen.
Performance-wise, the Trezor Model T cold storage wallet is a feature-rich version of the popular Trezor One online cold wallet.
It supports over 1800 currencies, including Bitcoin, Dogecoin, and many others that were missing in its previous model.
So, it’s a great option for investors looking to explore lesser-known cryptocurrencies.
This enables you to set up your cold wallet for crypto using only your device.
This means that you no longer need to rely on computers for setting up the wallet, and your sensitive data won’t show up on your computer.
This makes its security a step further.
However, it is to be noted that the touch screen is a bit smaller than what you’d expect.
As a result, you may have a hard time reading letters on this screen.
Apart from that, the Trezor Model T app lacks features as compared to the Ledger Nano X mobile app.
If you have used the Ledger Nano X app and want to switch to the Trezor Model T, you may not like its interface and features.
Having said that, one thing that may offend you is that the Trezor Model T cold storage wallet is highly expensive.
It is among the most expensive hardware wallets in the market, which could be a deal-breaker if you are not willing to spend much.
Ledger Nano S is another cold wallet for crypto on our list by Ledger.
It was released in 2016 by Ledger and is one of the first wallets that supported 1800 currencies.
With over 1.4 million users worldwide, the Ledger Nano S cold storage wallet is one of the highest-selling hardware wallets in the market.
The best selling point of the Ledger Nano S crypto cold wallet is its price.
It is retailed at a far lower price than its updated version, the Ledger Nano X, which makes it an excellent choice for beginners who cannot afford to invest in a flagship-level cold wallet.
If you are low on the budget and looking for an affordable hardware wallet, the Ledger Nano S wallet is the right option for you.
It is the best crypto cold wallet on a low budget.
As mentioned earlier, the Ledger Nano S wallet supports over 1800 currencies and tokens.
This means that you will be able to store any cryptocurrency of your choice.
However, it is important to note that it does not support trading in fiat currencies.
As for its setup, the Ledger Nano S is pretty easy to set up.
The process is similar to the Ledger Nano X, and it will only take you several minutes to finish its setup.
And yes, the app is compatible with both iOS and Android devices.
Once you have connected the Ledger Nano S cold wallet for crypto to your PC, consider installing the Ledger Live app.
Like its sibling, the Ledger Nano X, the Ledger Nano S also allows you to manage your coins via software.
This software enables you to install different apps on your wallet as different coins require different apps for management.
However, due to the lack of storage, you can only install up to six apps at a time.
This could be a potential deal-breaker if you are to manage a wide range of coins on a single wallet.
To gain access to more apps, consider opting for the Ledger Nano X wallet, which can manage up to 100 apps.
All in all, the Ledger Nano S is an affordable and easy-to-use hardware wallet that allows you to choose from an extensive range of currencies.
However, if you have a big portfolio, you may need to look elsewhere due to its low storage.
4. ELLIPAL Titan
Moving on with our list, we have the ELLIPAL Titan cold storage wallet.
It is manufactured by ELLIPAL, a popular hardware wallet manufacturer based in Hong Kong.
The company joined this business in 2018 and launched the ELLIPAL Titan wallet a year later.
Although ELLIPAL is relatively new to the business, that does not mean it is any less good than its competitors.
Thanks to its durable and innovative hardware wallets, it has earned a prominent spot among the companies.
If you value the safety of your digital assets, look no further than the ELLIPAL Titan.
It is impossible to crack or hack, which is the main reason why crypto traders from all over the world use it to safeguard their digital investments.
For hacking, a cold wallet must be opened first, which is impossible with the ELLIPAL Titan, thanks to its air-gapped construction.
It comes with a fully-sealed metal body, which is impossible to open.
Nobody can access it through the internet, Bluetooth, or any type of physical connection, making it safer than most cold wallets on the market.
In addition, the ELLIPAL Titan wallet does not need to be plugged into a PC, unlike most hardware wallets.
The ELLIPAL Titan cold wallet for crypto is built with a single piece of high-quality aluminum for improved protection and durability.
Its anti-disassembly and anti-tamper structure prevents all kinds of physical attacks.
If you are to make a transaction, you must use the QR code for it.
It is the only way of conducting an external interaction with the ELLIPAL Titan cold wallet for crypto.
It generates a constantly changed QR code that has to be scanned by your phone to complete the transaction.
In case the mobile app gets hacked, your assets will still be safe in your hardware wallet.
Unlike most other cold wallets in the market, which could be managed only on the PC, the ELLIPAL Titan offers an amazing application.
With this ELLIPAL Titan mobile app, you can check real-time market trends and do all the trading.
And yes, it could be operated on both iOS and Android mobile phones.
As far as the supported currencies are concerned, the ELLIPAL Titan hardware wallet supports trading in over 10000 cryptocurrencies and tokens.
Bitcoin, dogecoin, tether, Cardano- you name it, they have it. This huge variety of cryptocurrencies makes it the best crypto cold wallet.
5. SafePal S1
Next, we have the SafePal S1 online cold wallet. It is manufactured by SafePal, a company specializing in manufacturing hardware wallets.
This cold wallet for crypto was released in 2019.
With tons of features and exceptional construction, this cold storage wallet has staked its claim on the hearts of thousands of crypto investors all over the world.
Like most other wallets on our list, the SafePal S1 cold wallet for crypto also comes with buttons on its front.
You can use them to navigate through the wallet smoothly.
There are many reasons to love the SafePal S1 online cold wallet, and its exceptional security system is one of them.
It provides its users with safe and efficient hardware to store their cryptocurrencies.
It uses air-gapped technology, and the transactions are made via an encrypted QR code instead of USB, Bluetooth, and NFC connections to keep your private keys secure.
Inside its slim housing, the SafePal S1 hardware wallet boasts the EAL5+ security system.
This system keeps your private keys safe, ensuring a safe crypto trading experience.
It has multiple layers of sensors, including the voltage sensor and frequency sensor, that further improve its security.
Once the system detects any software or physical attack, the SafePal S1 hardware wallet will wipe out all the data using its self-destruction mode.
Apart from that, many other security features have been embedded in the SafePal S1 wallet, such as firmware upgrade authentication and privacy protection design.
With that being said, security only is not enough for the best trading experience.
It must have innovative features with a user-friendly interface to streamline crypto trading. Well, that’s exactly what you get with the SafePal S1.
To manage your coins conveniently, you can install the SafePal S1 mobile app so you can trade anytime from anywhere and stay ahead of everyone.
It uses fingerprint security, so you can rest assured that your digital assets are safe.
The SafePal S1 app also allows you to pair with other SafePal S1 wallets to manage your currencies better.
It shows your current status and all the completed transactions. And yes, you can complete your transaction with a simple scan.
The SafePal S1 crypto cold wallet comes with a high-quality display for better operation.
With this display, you will be able to see all the details of your assets clearly.
It also features a camera, which improves its security system, but its quality is below-par. However, the camera is a good feature to have nonetheless.
What’s the best part? The SafePal S1 wallet is powered by a mighty 4000-mAH battery for long usage.
You can charge the device with a USB cable, which the package includes. All these features make the SafePal S1 the best crypto cold wallet in the market.
6. CoolWallet Pro
The CoolWallet Pro online cold wallet is the last hardware wallet on our list. It packs tons of ground-breaking features in a sleek design.
It is manufactured by CoolWallet, a well-known hardware wallet manufacturer.
It brings a great solution to advanced crypto investors with its amazing features and is certainly the best crypto cold wallet for pro crypto users.
The CoolWallet Pro is 0.88 mm thin, more or less the size of your credit card.
Yet, it boasts the latest technology inside, giving you full control over your digital coins whenever and wherever you need them.
This wallet connects to your device and needs you to be within a ten-meter distance.
The transaction process of the CoolWallet Pro requires you to physically confirm every transaction that is being made after checking its details.
With this cold wallet, you can easily access Defi, DEXs, and other apps, allowing you to earn passive income from staking.
You can trade in lots of currencies, including BTC, XRP, TRX, and many more.
The CoolWallet Pro online cold wallet has a water-resistance and tamper-free body for improved durability.
It comes with a lithium-ion battery, which can last up to two hours.
The CoolWallet Pro hardware wallet also has an app that allows you to get the most of this wallet. The app has an intuitive interface and is easy to install.
Just download the app and follow the simple instructions to pair your device with the mobile app. The app is compatible with multiple operating systems.
Another cool thing about the CoolWallet Pro is its excellent customer care service.
The company offers live and email chat to help you trade efficiently and conveniently. Furthermore, you can also visit the FAQs section to get your answers.
With such great service, the CoolWallet Pro is certainly a solid contender for the best crypto cold wallet.
Factors to Consider When Choosing the Cold Wallet for Crypto Storage
There are hundreds of cold wallets available in the market, and choosing the right one that suits your trading needs and budget could be challenging.
So, it is recommended to keep a few factors in mind when purchasing the cold wallet.
A mobile app is the most important consideration when choosing a cold wallet for crypto.
It is a common misconception that all cold wallets come with mobile apps. However, as it turns out, only a few of them offer mobile applications.
A mobile app makes managing coins an absolute cinch, and you can easily manage your assets even while traveling.
Moreover, make sure that the app is compatible with your phone’s operating system.
If you are a pro crypto trader, you may want to explore obscure currencies in the future.
So, it would be better to choose a cold wallet for crypto that supports more currencies and tokens.
Most cold wallets these days support trading in 1000+ currencies.
What Is the Best Crypto Wallet for Cold Storage?
The Ledger Nano X is the best crypto cold wallet, thanks to its Bluetooth connectivity, long battery life, and a wide variety of coins.
However, it is a bit overpriced. If you have a tight budget, consider opting for the SafePal S1 wallet.
Can a Cold Wallet Store Any Crypto?
No, there are around 18000 cryptocurrencies in existence. So, it is impossible for a wallet to support all the currencies.
However, most cold wallets support trading in almost all popular currencies.