So, in the last couple of months I have spread my portfolio to about 20 different tokens.
I am now looking for a hardware wallet to better secure them.
From what I read so far, the Ledger Nano S looks as the preferred choice, mostly for its support for multiple tokens (as opposed to Trezor's BTC only).
Seeing it's on backorder till late July, I was wondering if there are any other recommended hardware wallets?
Also, as my intention is to hodl for 5-10 years, should I consider using paper wallets, instead?
Any other security tips will be much appreciated.
Used to be Ledger Nano S supported more altcoins than Trezor but Trezor is catching up. They both work with MyEtherWallet for tokens. The problem is finding either in stock. Better place an order now so you receive as soon as possible. I use both and the major differences are 1) Trezor can be used with one hand while Nano S takes two to press the buttons and 2) Nano S is more rugged than Trezor. There is a video on YouTube of a Nano S being driven over by a car and still works. Nano S guarantee is two years while Trezor is warrantied for one.
Both have secure on device recovery now so you never have to be concerned about typing your seed into a computer if you need to replace a broken hardware wallet. Better buy two while you are at it, it is always nice to have a spare in case of loss or malfunction. As long as you have a spare you can recover your written seed to a new wallet in 10 minutes.
