Firstly, the Trezor One lacks support for a few big cryptos including ADA, XRP, XMR, EOS, and XTZ. Both wallets are similar but there are a few key differences to be aware of. The company offers two devices, the Trezor One and the Model T. Trezor was actually launched prior to Ledger in 2013 but the company has done well to maintain a spotless track record. This company is the main competitor to Ledger and provides hardware wallets of a similar caliber to the big name brand. Trezor – Well-Known Manufacturer of Hardware WalletsĬoming in at a close second is the Trezor cold wallet. With that said, there are a few phishing sites designed to imitate Ledger, so it’s imperative to only buy the device from the official Ledger website.įor a more detailed analysis, be sure to read our Ledger Nano X review.Ĭryptoassets are a highly volatile unregulated investment product.
It’s a great piece of kit and a must-have for any security-conscious investor. It’s simple to use, stylish, from a trusted company, and more importantly extremely secure. Overall, the Ledger Nano X is the best cold storage wallet on the market. It’s not the most efficient place to buy and sell frequently but when the times call for a quick purchase it does come in clutch. While the fees on the exchange are a little high (as third parties power the exchange, the convenience it offers is wonderful. For investors that might need to buy or sell assets at a moment’s notice, the Ledger Live app (comes with every Ledger device) comes complete with an in-built exchange and swapping capabilities. The Nano X can store over 5,500 different tokens and has enough storage space to hold up to 100 different assets simultaneously. This means that even if a bad actor were to gain access to the physical ledger device, they would still need either the 6-character pin or the recovery phrase to take control of any funds.
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The device is secured with a series of 24 random words and a pin set by the device owner. The process of setting up a Nano X is mostly straightforward, although it can definitely be slightly confusing for new users. The wallet will set a budding investor back $149, not insignificant but ultimately a drop in the bucket compared to the amount of protection offered. The Ledger Nano X is the company’s flagship hardware wallet and is up there with the best crypto cold wallets. The company is trusted by large companies as well as thousands of retail investors around the globe. Ledger is likely the most famous manufacturer of hardware wallets on the planet. Ledger Nano X – Overall Best Cold Storage Wallet
To make selecting the best cold storage wallet easier, we’ve reviewed 10 of the top crypto wallets that are currently available. Top 10 Best Cold Storage Crypto Wallets Reviewed
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