Blogswebsite

Logo_3

10 Best Cold Wallets for 2023!

Top 10 Best Cold Wallets for 2023
Although they may be less user-friendly compared to hot wallets, cold wallets offer cryptocurrency investors the highest level of security available. Cold wallets are of utmost importance due to their offline nature, so cannot be hacked remotely. This comparison recommends the 10 best cold wallets for 2023. Read on to find the best crypto cold wallets for security features, supported coins, pricing, client support, etc.

What is a Best Cold Wallets for 2023?

What is a Best Cold Wallets for 2023

The remote structure of a best cold wallets makes it the preferred choice for safeguarding significant cryptocurrency holdings over an extended period. When dealing with the ever-changing and high-stakes realm of cryptocurrencies, storing your assets in a cold wallet offers two primary mechanisms of protection.

Keeping Your Private Key Offline

When dealing with cryptocurrency transactions, granting permissions to third-party apps or contracts is common, akin to smartphone apps. However, some of these contracts may not have your best interests in mind, leading to significant losses, exemplified by $2.7 billion in hacks in 2022.

While a Ledger device can protect against most physical and software threats, it’s crucial to remember that safeguarding your assets ultimately falls on your shoulders. best cold wallets can’t defend against social engineering and related scams.

To bolster your security, segregate your crypto holdings into separate wallets, with the most valuable assets stored in a best cold wallets. This separation is advantageous because each wallet’s permissions and transactions are isolated. Even if an unsafe transaction occurs on an internet-connected account, your primary holdings remain secure.

The Top 10 Best Cold Wallets

Listed here are the 10 best cold wallets for 2023

Best Cold Storage Crypto Wallets

1. Trezor Model One – Best Cold Wallets for

Trezor Model One

The Trezor Model One is the best choice for a best cold wallets in the market. Despite being the entry-level model from Trezor, it suggests robust security features. It’s a physical device protected by a PIN, ranging from 4 to 50 digits, ensuring that transactions cannot be authorized remotely. Users receive a 12 or 24-word backup passphrase during setup, providing recovery options if the PIN is forgotten or the device is lost.

This best cold wallets conveniently connects to the Trezor Suite, compatible with various operating systems, allowing users to manage their cryptocurrencies on laptops and smartphones. However, outgoing transfers still require PIN entry on the device. Supporting nearly 1,300 cryptocurrencies, including Bitcoin, Ethereum, and XRP, the Trezor Model One offers excellent security for a $69 price tag.

One limitation is its lack of support for staking, requiring users to opt for the more expensive T Model at $219. Additionally, the Trezor Model One doesn’t add markups on GAS fees, sending them directly to blockchain miners.

Wallet TypeSupported CryptosDevice costMobile App?Staking/Interest?Staking/Interest Rate
Hardware wallet with mobile app and desktop software for asset management. Provides non-custodial storage.Supports almost 1,300 cryptocurrencies, including Bitcoin, Ethereum, and XRP.$69. GAS fees are based on real-time miner rates. Fiat purchases involve third-party fees, which can go up to 5.75%.Yes, it has a mobile app.No staking or interest offered.No staking or interest rates are provided.

Pros:

  • Top-rated cold wallet for crypto in 2023
  • Affordable price at $69
  • Supports nearly 1,300 cryptocurrencies, including popular ERC20 tokens
  • Private keys are securely offline and can be recovered using a backup passphrase

Cons:

  • Does not support staking
  • Debit/credit card fees can go up to 5.75%

2. Trezor Model T – Advanced Cold Storage Device With a Touchscreen

Trezor Model T
The Trezor Model T is an advanced cold storage device with a touchscreen, offering enhanced security and convenience. Priced at $219, it shares many security features with the Model One, including offline storage and encrypted private keys. However, the touchscreen interface makes transaction processing more user-friendly. The Model T supports USB type-C and 167 additional cryptocurrencies compared to the Model One. It also features an in-built staking tool for select cryptocurrencies like Cardano and Tezos. While it allows users to buy and swap cryptocurrencies, these services are facilitated by third parties, often incurring high fees.
Type of Wallet Supported Cryptos Fees Mobile App Staking/Interest Staking/Interest Rate
Hardware wallet with a mobile app and desktop software for managing investments. Over 1,450 cryptocurrencies, including Bitcoin, Ethereum, and XRP. $219 to buy the device. GAS fees are real-time and charged by miners. Fiat purchases involve third-party fees of up to 5.75%. Yes. Yes, supports Cardano and Tezos. Determined by the proof-of-stake network, with GAS fees applicable.

Pros:

  • Offers all the security features of the Trezor Model One.
  • Transaction confirmation through a touchscreen.
  • Supports USB type-C.
  • Allows staking of Cardano and Tezos via the Trezor Suite.

Cons:

  • Additional features may not justify the $219 price tag.
  • Debit/credit card fees can be as high as 5.75%.

3.Ledger Stax – Offline Crypto Storage With Bluetooth Support and Wireless Charging

The Ledger Stax is an advanced Ledger model priced at $279, considerably higher than the $79 Nano S. It stands out with Bluetooth support, enhancing its connectivity with Ledger Live software. Additionally, it offers wireless charging and a curved touchscreen for easier transaction verification. Customizable lock screens and embedded magnets are included features, although some may not find them justify the higher cost. It’s worth noting that the Ledger Stax has reached its pre-order limit, and interested buyers are now being placed on a waitlist.
Type of Wallet Supported Cryptos Fees Mobile App Staking/Interest Staking/Interest Rate
Hardware wallet, also with mobile app and desktop software. Over 5,000 cryptocurrencies across various blockchains, including Bitcoin, Ethereum, Polkadot, and Binance Smart Chain. $279 to purchase the device. Token swaps, staking, and fiat purchases are facilitated by third parties. Yes. Yes, provided by third parties. Depends on the cryptocurrency and the third party.

Pros:

  • Conveniently confirm transactions via a curved touchscreen
  • Connect to Ledger Live via Bluetooth
  • Customizable lock screens for a personalized experience

Cons:

  • Costs $200 more than the Ledger Nano S
  • Witnessing huge demand – with buyers now being put on a waitlist

4. KeepKey – Popular Hardware Wallet for Combining Cold Storage and Web 3.0 Apps

KeepKey

KeepKey is a best cold wallets for Web 3.0 dApps, accessible through desktop software or smartphone via USB. It supports popular dApps like UniSwap, OpenSea, Aave, and Yearn. finance, enabling staking rewards and token swaps in a decentralized manner. Security features include a 12-word recovery phrase, and the wallet remains offline, even with Web 3.0 dApp use. It supports over 7,200 cryptocurrencies across 348 network standards and is budget-friendly at just $49.

Type Supported Cryptos Fees Mobile App Staking/Interest Staking/Interest Rate
wallet with desktop software support. 7,200 cryptocurrencies across 348 network standards. $49 for the device. Token swaps and DeFi tools depend on connected dApps. No dedicated mobile app, but it includes a USB connector for smartphones. No native staking or interest features, relies on connected dApps. N/A.

Pros:

  • An affordable option for budget-conscious investors
  • Compatible with any dApp supporting WalletConnect
  • Extensive support for over 7,200 cryptocurrencies
  • Allows the creation of an unlimited number of wallet addresses

Cons:

  • Lack of a dedicated mobile app
  • Absence of built-in staking tools

5. Ledger Nano S Plus –

Ledger Stax
The Ledger Nano S Plus is an affordable cold storage device priced at just $79. It offers features similar to the Trezor Model One, including a 24-word backup passphrase and a required PIN for transactions. If the PIN is forgotten, the device can be accessed using the backup passphrase. The Ledger Nano S Plus supports over 5,000 cryptocurrencies and is compatible with Ledger Live, a software with additional features such as staking, token swaps, and fiat purchases (with fees from third parties). This device provides secure storage and recovery options for crypto users.
Wallet Type Supported Cryptos Fees Mobile App Staking/Interest Staking/Interest Rate
The Ledger Nano S Plus is a hardware wallet that also provides a mobile app and desktop software for managing investments. It offers non-custodial storage, ensuring users have full control over their cryptocurrency holdings. The Ledger Nano S Plus supports over 5,000 cryptocurrencies across various blockchains, including popular ones like Bitcoin, Ethereum, Polkadot, and Binance Smart Chain. The Ledger Nano S Plus is priced at $79 for the device. Fees for token swaps, staking, and fiat purchases are charged by third-party providers. Yes, the Ledger Nano S Plus offers a mobile app. Yes, staking/interest is available but provided by third parties. The staking/interest rate varies depending on the cryptocurrency and the third party.

Pros:

  • Affordable cold wallet priced at $79
  • Supports over 5,000 cryptocurrencies
  • Stores both crypto and NFTs across various blockchainstandards
  • Includes an in-built staking tool for earning passive rewards

Cons:

  • Additional features are offered by third parties, resulting in potentially high fees
  • Fiat payments may require KYC (Know Your Customer) verification

6. BitAddresses – Best Free Alternative to Hardware Wallets

BitAddresses

BitAddresses is an ideal cold storage solution for budget-conscious investors because it offers paper storage, which is entirely free. It allows users to generate a unique Bitcoin best cold wallets address and private keys displayed as QR codes. After transferring Bitcoin to this address, users can print the QR codes on a sheet of paper and store it securely. Like hardware wallets, paper wallets are always offline. However, it’s important to ensure the accurate printing of QR codes. BitAddresses exclusively supports Bitcoin, but users can transfer their Bitcoin to another wallet by importing the private keys.

Type of Wallet Supported Cryptos Fees Mobile App Staking/Interest Staking/Interest Rate
Paper wallet Bitcoin None No No N/A

Pros:

  • Free cold wallet option for budget-conscious investors
  • Ability to create an unlimited number of Bitcoin addresses
  • Private keys can be printed as QR codes for added security

Cons:

  • More cumbersome process for transferring funds compared to hardware wallets
  • Supports only Bitcoin, limiting versatility for multi-crypto investors

7. Safepal S1 – Low-Cost Cold Wallet Secured by Air-Gapped Signing Mechanism

Safepal S1
Safepal S1, priced at just $49, offers top-notch security with air-gapped signing mechanisms. Users can sign outgoing transactions without needing a cable, Bluetooth, or WiFi connection. The process involves setting up the transaction on the Safepal S1 app or browser extension, supported by various platforms. After entering transaction details, SafepalS1 generates a unique QR code, which users scan with the device’s built-in camera. Transaction confirmation is done by entering a PIN on the Safepal S1 device. It supports a wide range of cryptocurrencies across different network standards, including Bitcoin, Ethereum, Fantom, Optimism, Polkadot, Polygon, and Binance Smart Chain.
Type of Wallet Supported Cryptos Fees Mobile App? Staking/Interest? Staking/Interest Rate
Hardware wallet with an in-built camera Over 30,000 cryptocurrencies across multiple networks, including some of the best-emerging cryptocurrencies $49 to buy the device. 0.3% token swap fee. Fiat payments go through Simplex, so fees will average 3.5-5%. Yes Yes, in-built staking and yield farming tools provided by Binance Earn Varies depending on the cryptocurrency and product.

Pros:

  • The air-gapped signing mechanism avoids internet, cable, and Bluetooth connections.
  • Transactions are verified by QR codes, enhancing security.
  • Supports a native iOS and Android app for managing cryptocurrencies.
  • In-built Binance API for trading and staking.
  • Retails for just $49.

Cons:

  • No desktop software has been developed.
  • 3% token swap fee.

8. CoolWallet Pro – Providing the Perfect Balance Between Security and Convenience

CoolWallet Pro

CoolWallet Pro is a cold wallet device priced at $149, offering a balance between security and convenience. It features a native mobile app for iOS and Android, allowing users to initiate transactions on the app and then authorize them on the physical device. The device connects to the app securely via encrypted Bluetooth, eliminating the need for a USB cable. CoolWallet Pro is compatible with WalletConnect, enabling connections to dApps like OpenSea and UniSwap.

With support for 27 blockchain networks, CoolWallet Pro covers over 12,000 cryptocurrencies, including popular options like Bitcoin, Ethereum, BNB, Polkadot, Cardano, and Solana. Its lightweight design resembles a credit card, adding to its appeal.

Type of Wallet Supported Cryptos Fees Mobile App Staking/Interest Staking/Interest Rate
Hardware wallet with a mobile app. Over 12,000 cryptocurrencies across 27 network standards. $149 to buy the device. Token swaps and DeFi tools fees depend on the connected dApp. Yes, with support for iOS and Android. Yes, supports staking through Everstake and Lido. Supported staking coins include Ethereum, Cardano, Cosmos, Solana, and Tezos. Determined by the chosen proof-of-stake network.

Pros:

  • Supports over 12,000 cryptocurrencies across 27 blockchains.
  • Offers a native mobile app to streamline transactions.
  • Bluetooth connectivity to avoid WiFi and USB cables.
  • In-built staking tools for multiple PoS coins.

Cons:

  • Does not offer desktop software.
  • The website contains a lot of badly worded English.
  • Cheaper options are available elsewhere.

9. SecuX V20 – Top Cold Wallet Device Supporting Over 10,000 Cryptocurrencies

SecuX V20

The SecuX V20 is a versatile cold wallet designed for diversified investors, as it supports compatibility with 300 blockchain networks. These networks encompass a wide range of cryptocurrencies, including Bitcoin, Ethereum, Binance Smart Chain, Litecoin, Solana, Dash, and XRP.

Priced at $139, the hardware device features a spacious 2.8-inch touchscreen interface, making transaction processing convenient. This larger screen also displays portfolio balances, showing the cryptocurrency and token count. To initiate transfers, users enter transaction details on the SecuX V20 app or website, secured via Bluetooth. To confirm the transaction, users input their PIN on the device. Additionally, the SecuX V20 supports USB type-C and provides users with a backup passphrase during setup.

Type of Wallet Supported Cryptos Fees Mobile App Staking/Interest Staking/Interest Rate
Hardware wallet with an app and web-based interface for managing transactions Over 10,000 cryptocurrencies across 300 blockchains, including Bitcoin, Solana, XRP, and Ethereum $139 to buy the device. Users can buy selected cryptocurrencies with a debit/credit card, but this service is provided by Coinify. Yes Yes, but currently only supports FIO tokens APYs not published by SecuX V20

Pros:

  1. Set up transactions via the mobile app or web interface.
  2. Never connected to the internet – transactions confirmed via Bluetooth or USB type-C.
  3. Supports more than 300 blockchains and 10,000 cryptocurrencies.
  4. Large touchscreen interface.

Cons:

  1. Staking is only supported for FIO tokens.
  2. Uses Coinify for fiat money payments.

10. ELLIPAL Titan – 4-Inche Touchscreen and Air-Gapped Transactions

ELLIPAL Titan

The ELLIPAL Titan is a cold wallet that stands out due to its durable metal construction, impressive 259-hour battery life, and air-gapped transaction verification. It relies on a 5M AF camera to scan QR codes generated by its native app, eliminating the need for Bluetooth or WiFi connections. With unlimited storage, users can create numerous wallets. This wallet supports more than 52 blockchains and over 10,000 cryptocurrencies, including Bitcoin, ERC20 tokens, and Binance Smart Chain assets. The ELLIPAL Titan app offers features like fiat-to-crypto trading via Changelly, staking for various coins (Cardano, Cosmos, Polkadot, Tezos), and dApp connectivity via MetaMask or WalletConnect.

Type of Wallet Supported Cryptos Fees Mobile App Staking/Interest
wallet with an app and camera Over 10,000 cryptocurrencies across 52 blockchains, including Bitcoin, Ethereum, Solana, and Binance Smart Chain $139 to buy the device. Fiat money payments are supported by Changelly (fees built into the price). Yes Yes, supports Cardano, Cosmos, Polkadot, and TezosStaking/Interest Rate: Up to 10%

Pros:

  • Durable and portable metal construction
  • Air-gapped transaction verification via a camera and native app
  • Supports over 10,000 cryptocurrencies across 52 blockchains
  • Allows creation of multiple wallets
  • Features integration with Changelly for fiat-to-crypto transactions and supports staking for various coins

Cons:

  • Connectivity to dApps requires third-party apps like MetaMask or WalletConnect

Conclusion

Cold wallets are ideal for long-term investors with significant portfolios due to their high security against remote hacking and the ability to recover funds with a backup passphrase if the wallet is lost or stolen. However, for those who actively trade cryptocurrencies, a hot wallet may be more suitable. If you’re uncertain about which type of wallet is best for you, refer to our comprehensive guide on the best cold wallets for 2023.

FAQs

Best Cold wallets are considered safer than hot wallets due to their lack of internet connectivity, but they are not entirely immune to risks as they store crypto keys offline and can still be vulnerable to malware, with hackers devising various attacks that could potentially compromise the security of your hardware wallet’s private keys.

Trezor and Ledger Nano stand as two of the most reputable cold wallet options, but it’s prudent to explore alternatives such as KeepKey, CoolWallet Pro, and SecuX V20 for a diversified range of choices.
Almost nothing is impervious to hacking, even cold wallets. Although cold wallets are generally immune to remote hacking, if your device gets stolen, it poses a different risk. If the thief gains access to your cold wallet along with the PIN, they could potentially access your cryptocurrency.
Priced at $279, the Ledger Stax is known for its user-friendliness, thanks to its spacious touchscreen interface.

In terms of security, value, and features, we found that the Trezor Model One is the top choice for a cold storage crypto wallets for Bitcoin.

You Might Also Like