I don't think 2019 will be any different than 2018 or previous years. Trezor and Ledger have been proven to be the two best choices and why experiment with relatively new and unproven products.
Just read a thread the other day where a user from this forum got a free Ledger Nano S after reporting problems with the screen on his old device. His warranty had already expired and Ledger still sent him a free replacement.
I would suggest to stick with the trusted models.
Topic: Best Bitcoin Hardware Wallets For Cold Storage This 2019 (Read 208 times)
I prefer Ledger S Nano or Ledger X Nano. With the cheap price, you can buy it now, and it's worth to have that wallet. You can save much coins and tokens. I would say that having the cold storage is a must especially if you have a big list of coins because it's not safe to keep all of the coins in the exchanges as we know that many exchanges can be the next target. Trezor could be your choice too as this is the recommended wallet beside of Ledger Nano.
~snip~
To begin start to use the right terms, and if you want Trezor, Ledger or any other wallet of that type, in that case you want hardware wallet. For now, this way of storing coins (private keys) proved to be one of the best or the safest way for cold storage or for daily use. As a user of Ledger Nano S I can say this device does what its primary purpose is, it is keep private keys inside of device and this is most important. Maybe I'm not happy with some other stuff when it comes to Ledger, but safety is the most important factor for me.
In the choice between Ledger or Trezor the main factors when choosing are design and price, everything else is less much the same. It is also important that the device is ordered from the official site of the manufacturer, and to avoid buying used devices.
MJG: That's a good point about it seeming a bit gimmicky, considering w/ Trezor and Ledger, it accomplishes the same goal w/ the same efficacy without the extra parts.
-BBS
-BBS
I'm looking for a digital wallet for some time
What do you recommend from Terzur, Ledger and Hardbox Blockchain?
Send feedback if using any
Has anyone tried Cobo Vault? Am looking into taking a look at it.
Did a quick search on it. I've came across this wallet in the past online.
Though I haven't personally bought/used it, my opinion that it's just too gimmicky; due to it having a few parts instead of one solid hardware wallet like with the Ledger and the Trezor. Basically, unnecessary parts that makes it a bit more clunky. I'd personally still go for whatever Trezor and Ledger creates, simply due to their good reputation, and solid yet very simple devices.
STF: Agreed, those have been the most reliable for me. No real complaints about them at all. I think Trezor is a bit more straightforward for persons getting started, as you don't have to install/uninstall various apps for coins, etc...
Has anyone tried Cobo Vault? Am looking into taking a look at it.
Best,
BBS
Has anyone tried Cobo Vault? Am looking into taking a look at it.
Best,
BBS
Im still using my Trezor Model one and a Ledger Nano S. I have them since 2017 and never had any problems with it. So still a recommendation for both from me.
New Hardware wallets poppin up like mushrooms, as long as the established ones are safe and working i have no motivation to change anything.
New Hardware wallets poppin up like mushrooms, as long as the established ones are safe and working i have no motivation to change anything.
Hi all,
Sonu: Really great write-up on Trezor. I would say out of all the hardware wallets I've used over the years, Trezor has given me the least headache. I do think it's prudent to spread some holdings across several wallets though.
BitMaxz: Appreciate the suggestion! Of course when writing somewhat contained lists I can't include everything, but do agree that KeepKey is a great wallet, and a bit cheaper than the others, so I think it's a great start for those unsure about cold storage.
Joni: I do agree that it can be tough which is the best, it's really just the title of the piece. All 3 have held up quite well over time, so I'm confident listing them at the top. That's not to say there aren't a lot of other great hardware wallets that could very well be placed ahead of them. Also, CoolWallet isn't as popularly/widely used, so I'd have to disagree with that statements. What are you favorites to use at the moment?
Best,
BBS
Sonu: Really great write-up on Trezor. I would say out of all the hardware wallets I've used over the years, Trezor has given me the least headache. I do think it's prudent to spread some holdings across several wallets though.
BitMaxz: Appreciate the suggestion! Of course when writing somewhat contained lists I can't include everything, but do agree that KeepKey is a great wallet, and a bit cheaper than the others, so I think it's a great start for those unsure about cold storage.
Joni: I do agree that it can be tough which is the best, it's really just the title of the piece. All 3 have held up quite well over time, so I'm confident listing them at the top. That's not to say there aren't a lot of other great hardware wallets that could very well be placed ahead of them. Also, CoolWallet isn't as popularly/widely used, so I'd have to disagree with that statements. What are you favorites to use at the moment?
Best,
BBS
The article was posted in December 2018, that's ~4 months old already. It is unclear what's the standard to judge whether a hardware wallet is "best" or not too, I kinda get the feeling that he only list what's most popular and widely used around that time. At this moment, there are a lot of alternatives, such as Nano X, and so on.
Heard about it months ago in this forum, never got the chance to try it.
Never heard about CoolWallet S that listed from the provided link above.
Heard about it months ago in this forum, never got the chance to try it.
Never heard about CoolWallet S that listed from the provided link above.
How about the KeepKey wallet this is one of the top 3 hardware wallets high privacy and secured wallet.
If you the blog above you must add Keepkey on the list
How about the KeepKey wallet this is one of the top 3 hardware wallets high privacy and secured wallet.
If you the blog above you must add Keepkey on the list
I use Trezor:
Advantages & Disadvantages:
1. User Interface
Touted to be the forerunner in hardware wallet technology, Trezor Model T is an updated version of Trezor 2 with a massively improved, intuitive user interface that sports touchscreen capability & an RGB LCD display. Trezor One's two user-buttons have been done away with and lack of space for a QWERTY leaves the user to depend on the T-9 on-screen keyboard for all purposes, which could prove to be a hindrance. However, this has been attended to in one aspect, as Trezor T comes with a memory that can store words from the recovery seed, thereby speeding up user navigation.
2. Physical Design
Trezor T's bigger dimensions as compared to Trezor One has faced mixed reviews. While the increased size provides the device with a more premium appearance, the downside is the material used: plastic, which many users have felt to be a let-down given the high price-tag.
3. Security
Trezor Model T's most important features are its security updates. A great feature added to it is the device authentication that has to be completed on the device even before its connected to your computer. The device is designed to draw power from your computer if and only if you successfully enter the security code; USB communication has therefore been made quite tamper-proof.
Another interesting feature is that T-9 keyboard is not your regular keypad. The arrangement of numbers actually changes each time around, which rules out possible thefts from fingerprints that remain on screen after use or someone just mimicking your moves across the keypad and guessing their way into your device. This is a very clever security addition.
The other aspect that reveals Trezor T's high priorities in ensuring security, is the time period between wrong password attempts. Waiting time period increases exponentially by a power of 2 following every failed attempt at guessing your password. This makes the device tamper proof to brute force attacks, considering it resets its memory on the 15th wrong attempt anyway, in addition to the 18 hours that it will take to allow another attempt.
Trezor T goes one step further in assuring the physical authenticity of the user, by adding a "long press to confirm" feature, which is a mandatory step before any transaction is deemed "digitally signed" and sent. This thoughtful addition prevents accidental transactions and in the case of a bot-attack, prevents automated operations from jeopardizing your assets.
Such nuanced planning of the security architecture only serves to build more faith in a brand that has already established itself in its niche field.
4. Focus on "Expansibility"
Trezor uses Open Source Firmware that's named Trezor Core. The key feature is that the firmware can be upgraded to new versions and also can be expanded for future growth. Currently, Trezor supported coins are eight in number, with new ones along the way. This openness to future inclusion of new cryptocurrencies is catered to, by the inherent nature of the core being open sourced and therefore being open to third-party development.
The memory required for accommodating upgrades comes from the new microSD slot that has been added to the device, therefore, keeping the possibilities open for more Trezor supported coins.
5. Back-up and Recovery
A 12-word recovery seed backs up the wallet and this is compatible with HD wallets standards: BIP32/39/44. The use of adhering to standards is that, in case of wallet-theft, loss or damage, your wallet can be recovered through another HD wallet or Trezor model that also uses the same BIP32/39/44 technology.
6. After-sales support
For product support, you are given access to an efficient troubleshooter over and above the support team that also answers any queries by 24 hours and provides solutions by three days. However, this claim isn't supported by customer feedback in reality.
Article source: https://coinswitch.co/news/trezor-wallet-review-2019-know-all-pros-and-cons
Advantages & Disadvantages:
1. User Interface
Touted to be the forerunner in hardware wallet technology, Trezor Model T is an updated version of Trezor 2 with a massively improved, intuitive user interface that sports touchscreen capability & an RGB LCD display. Trezor One's two user-buttons have been done away with and lack of space for a QWERTY leaves the user to depend on the T-9 on-screen keyboard for all purposes, which could prove to be a hindrance. However, this has been attended to in one aspect, as Trezor T comes with a memory that can store words from the recovery seed, thereby speeding up user navigation.
2. Physical Design
Trezor T's bigger dimensions as compared to Trezor One has faced mixed reviews. While the increased size provides the device with a more premium appearance, the downside is the material used: plastic, which many users have felt to be a let-down given the high price-tag.
3. Security
Trezor Model T's most important features are its security updates. A great feature added to it is the device authentication that has to be completed on the device even before its connected to your computer. The device is designed to draw power from your computer if and only if you successfully enter the security code; USB communication has therefore been made quite tamper-proof.
Another interesting feature is that T-9 keyboard is not your regular keypad. The arrangement of numbers actually changes each time around, which rules out possible thefts from fingerprints that remain on screen after use or someone just mimicking your moves across the keypad and guessing their way into your device. This is a very clever security addition.
The other aspect that reveals Trezor T's high priorities in ensuring security, is the time period between wrong password attempts. Waiting time period increases exponentially by a power of 2 following every failed attempt at guessing your password. This makes the device tamper proof to brute force attacks, considering it resets its memory on the 15th wrong attempt anyway, in addition to the 18 hours that it will take to allow another attempt.
Trezor T goes one step further in assuring the physical authenticity of the user, by adding a "long press to confirm" feature, which is a mandatory step before any transaction is deemed "digitally signed" and sent. This thoughtful addition prevents accidental transactions and in the case of a bot-attack, prevents automated operations from jeopardizing your assets.
Such nuanced planning of the security architecture only serves to build more faith in a brand that has already established itself in its niche field.
4. Focus on "Expansibility"
Trezor uses Open Source Firmware that's named Trezor Core. The key feature is that the firmware can be upgraded to new versions and also can be expanded for future growth. Currently, Trezor supported coins are eight in number, with new ones along the way. This openness to future inclusion of new cryptocurrencies is catered to, by the inherent nature of the core being open sourced and therefore being open to third-party development.
The memory required for accommodating upgrades comes from the new microSD slot that has been added to the device, therefore, keeping the possibilities open for more Trezor supported coins.
5. Back-up and Recovery
A 12-word recovery seed backs up the wallet and this is compatible with HD wallets standards: BIP32/39/44. The use of adhering to standards is that, in case of wallet-theft, loss or damage, your wallet can be recovered through another HD wallet or Trezor model that also uses the same BIP32/39/44 technology.
6. After-sales support
For product support, you are given access to an efficient troubleshooter over and above the support team that also answers any queries by 24 hours and provides solutions by three days. However, this claim isn't supported by customer feedback in reality.
Article source: https://coinswitch.co/news/trezor-wallet-review-2019-know-all-pros-and-cons
Hi All!
In light of the recent Bithumb hack, which resulted in a loss of up to USD $20 million, I thought it would be a good idea to share this article on the best Bitcoin Hardware Wallets This 2019. Remember, not your keys, not your crypto. Once you've an accumulated an amount of crypto on an exchange that you aren't comfortable losing, I recommend transferring it to cold storage.
You can find our article here - https://blockchainseo.net/best-bitcoin-hardware-wallets-2019/.
Best,
BBS
In light of the recent Bithumb hack, which resulted in a loss of up to USD $20 million, I thought it would be a good idea to share this article on the best Bitcoin Hardware Wallets This 2019. Remember, not your keys, not your crypto. Once you've an accumulated an amount of crypto on an exchange that you aren't comfortable losing, I recommend transferring it to cold storage.
You can find our article here - https://blockchainseo.net/best-bitcoin-hardware-wallets-2019/.
Best,
BBS
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