Crypto Wallets: What are my choices and what can I store?

When beginning to acquire a sizable amount of cryptocurrency security begins to be of concern. This allows more confidence that the assets will be held and secured outside of multiple exchanges and wallets.

These devices offer tangibility to your coins and hold them offline and away from backdoors in software. A quick Google search would reveal endless articles of hackers stealing larger cap coins from platforms and wallets. Many find solace in having their coins and tokens in cold storage.

Some questions to ruminate on when considering a cryptocurrency hardware wallet are how long the company has been in the game, how expansive your coin interest is and how long you plan on storing offline. Most companies offer a variety of products, usually 2 or 3 different models of their wallets. Often varying in how many coins are supported on the wallet.

What are the options when it comes to cold storage cryptocurrency wallets?

— Trezor —

As the first cryptocurrency hardware wallet company, they know their stuff! Practically the origin of cold storage and in fact their source code is the base for almost a dozen other cold storage platforms. It’s safe to say they are the bar setter for security standards.

With one of the most trusted hardware wallets it is a safe bet if security is you most important factor. Supporting Bitcoin, Ethereum, Litecoin and around another 1600+ coins and ERC20 tokens there is no lack of variety. With the Trezor T carrying just a few more coins than the Trezor One.

But some newer wallets tend to have higher spreads which may play a role in your decisions, especially when thinking about how far in the future you’re planning with crypto assets.

— Ledger —

Supporting around 1,550 coins and tokens with all the major and minor players in the crypto space. Ledger has also been around for quite some time (relatively speaking to how long crypto emerged).

Ledger also offers a one-stop shop (through Ledger Live) for some crypto, allowing clients to purchase Bitcoin, Ethereum, Bitcoin Cash and Dash with Stellar and USDT/Tether soon to be supported. Crypto can also be swapped for alternative coins as well. This would be a great option for a beginner looking to have simple ease to a purchasing platform and ease of storage. Including the option to get into staking and earning interest of your assets.

— KeepKey —

Quite new in the scene is a cryptocurrency hardware wallet called KeepKey, but ShapeShift (the founder company) is no stranger the wide range of crypto. Shapeshift originally started as a crypto-to-crypto exchange so they undoubtedly have more in store for their hardware. Currently only supporting 40 coins but at a comfortable price for someone. A very solid first hardware wallet choice for the beginner who only wants to table in the top 100 cap coins.

— Ellipal —

This relatively new option seems to come out swinging! Carrying access to over 7,000 coins and tokens including all major blockchains it’s safe to say this may be the most cryptocurrencies offered for a cold storage hardware. At a reasonable price this could be the wallet to choice as a beginner. It also allows access to your wallet on your phone with its app.

It boasts network isolation to keep crypto completely offline, with a durable metal shell and dust/water-proof hardware. This company is more proof that old is tried and true but new scene-busters can sometimes offer more than older giants. This wallet is a prime choice for those looking to expand more into altcoins.

Secure your new cryptocurrency assets

As the crypto space begins to grow, many new products will appear. Without a doubt giving the top wallets a run for their money and offering newer incentives. Leading all who are in the market to expand, offering more coins and higher security.

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