There are several ways to protect your cryptocurrency against theft, loss, and destruction. Of all the choices, the best way to store your cryptocurrency is offline, in a secure cold wallet. You can transfer your cryptocurrencies to your cold wallet without the wallet ever connecting to the internet. You can even hide your cold wallet in another secure location, like a deposit box or otherwise.
The difficulty is choosing a cold wallet. What is the best crypto cold storage option? Should you opt for a hardware wallet or a cold storage paper wallet? Let’s find out.
Hardware Wallet vs. Paper Wallet: What’s More Secure?
First up, should you use a cryptocurrency hardware wallet or a paper wallet for cold crypto storage?
Neither solution is perfect.
A hardware wallet uses powerful encryption, offers support for numerous cryptocurrencies, and will come with a variety of security options. Whereas, a paper wallet is completely free (bar printing cost), doesn’t rely on external hardware or software, and is easy to make multiple copies of.
When it comes down to it, a hardware wallet is the most secure cryptocurrency cold storage option for the reasons above, and more. A paper wallet is a great one-off cold storage option but lacks the versatility you get with a hardware wallet.
Now, onto the best crypto cold storage options available right now.
The Ledger Nano S is one of the most popular cold storage crypto hardware wallets of all. Its USB flash drive design means the crypto hardware wallet will fit into your pocket without adding any weight (it only weighs around 6g!) or causing an unsightly bulge.
Out of the box, the Nano S supports over 1,000 cryptocurrency tokens—more than you could hope to own. The Ledger Nano S is also extremely competitively priced. For the security on offer and the range of supported cryptos, the Ledger Nano S is one of the best cold storage crypto wallets available.
The Ledger Nano X is the second cold storage hardware wallet developed by Ledger. The upgraded Nano X still follows the same form factor as the Nano S, meaning you can pop it in your pocket or secure it in your safe without taking up space. Under the hood, however, the Ledger Nano X has some handy upgrades.
The Ledger Nano X comes with a larger screen to make managing your cryptocurrencies easier. You’ll also find an upgraded USB Type-C charging port, plus a larger capacity battery and Bluetooth functionality.
One of the other major upgrades is the number of wallet apps you can install. The Ledger Nano X supports up to 100 different wallet apps concurrently, a massive boost in comparison to the Nano S. You can use the Nano X as a cold storage wallet for thousands of cryptocurrencies, all in the palm of your hand.
Now, the Trezor Model T doesn’t look as stylish as the Ledger Nano series, but that doesn’t matter. That’s because the looks of a cold storage wallet don’t matter. It’s the security that’s important, and the Trezor Model T will keep your cryptos secure against all threats.
The Trezor Model T is the second hardware wallet from Trezor, building on the success of the Trezor One. The Model T brings a full-color touchscreen to the cold storage hardware wallet, making it much easier to manage your cryptocurrencies and wallet apps on the device.
Furthermore, the Model T moves PIN and passphrase entry onto the hardware wallet, instead of using a computer or mobile app. The switch means you no longer have to worry about the proximity to your phone or computer, as the Model T is now a standalone hardware wallet.
You can use the Trezor Model T as cold storage for over 1,100 different cryptocurrencies, all secured using several different encryption primitives. It’s no wonder the Trezor Model T features on our list of the most secure Bitcoin wallets!
4. SecuX V20
The SecuX V20 is a hardware wallet developed by SecuX, a crypto hardware company that also offers a crypto retail payment solution.
The V20 is SecuX’s top crypto hardware wallet. It comes with support for hundreds of cryptocurrencies, a massive 2.8″ color touchscreen, and has support for Bluetooth, too. Furthermore, the SecuX V20 is robust. The hardware is encased in an aluminum frame, complete with a rubber base for stability and shock absorption. In that, it feels robust and secure—perfect for cold storage!
You can manage your cryptocurrencies on the V20 itself, or via Windows, macOS, Linux, Android, or iOS.
KeepKey is the hardware and cold storage wallet for the ShapeShift Platform, an up and coming cryptocurrency exchange. Although you can use the KeepKey alongside the ShapeShift exchange, you can also use it as an offline cold storage wallet, too.
The KeepKey is sleek, with a large display on one side that you can use to manage your cryptocurrencies on the device. The KeepKey doesn’t support as many cryptocurrencies as the alternatives, offering support for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, and 46 ERC-20 tokens. Still, the most important thing is security, and the KeepKey uses strong encryption to secure your cryptocurrencies in cold storage.
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