Best cryptocurrency hardware wallets for 2020

A good hardware wallet is an absolute necessity for many of us. Besides the fact that hardware wallets helpwe feel a closer connection with ourmoney, they provide security and peace of mind when using digital currencies. And if you are just in search of these characteristics, then you should look at hardware cryptocurrency wallets.

If you are interested in learning how one wallet differs from another, and also get to know the advantages and disadvantages of each of them, then our today's guide is just for you.

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So, first of all, let's remember what hardware wallets are?

In short, hardware wallets areportable devices that provide us with secure access to our cryptocurrencies. Their job is to generate private keys for the user in a safe, autonomous environment, and display them on the device’s display.

Usually they connect via USB or Bluetooth todevices with the Internet - for example, to your computer. A separate screen on the wallet is used to double-check and confirm transactions. This is safe, at least because your sensitive information does not get on your device connected to the Internet. Thus, you no longer have to worry about your computer being hacked. Although, of course, this carries certain inconveniences.

In addition to security benefits, hardwarethe wallet also gives users manual control over their own funds. For many people, it is still important to feel that they are literally holding their money in their hands. Perhaps this will ultimately have a positive effect on the massive adoption of cryptocurrencies.

4 best cryptocurrency wallets for 2020

The market has only a few hardwarewallets, however, even in this situation it will be quite difficult for you to choose the most suitable one. Today we made a selection of the 4 best hardware wallets to help you save time and money on experimenting.
We decided to pay attention to NGRAVE ZERO, Ledger Nano X, Trezor Model T and KeepKey. They all have different functions and characteristics. Therefore, some of them will suit you more, the other less.

1. NGRAVE

NGRAVE is a relatively new competitor in the arena.The company was nurtured by one of the world's leading leading security research firms - IMEC. «The coldest» The description implies that this device does not allow you to connect to the Internet under any circumstances. Instead of using USB or Bluetooth to connect, ZERO uses one-way QR codes to transfer information to connected devices while remaining offline. All this means that you will never have to worry about hacked programs or viruses on your computer.

Another great feature isThe fact that NGRAVE Zero also comes with a tricky method of creating a backup for your seed phrase, which is required in case of theft or damage to the device. Refractory and waterproof stainless steel sheets are supplied with the wallet. This is a definite advantage over other suppliers of hardware wallets, since there are only paper templates for backing up secret phrases in the kit.

Advantages of the NGRAVE crypto wallet

NGRAVE is a great example of excellence in product development. The device is designed in such a way that it is impossible to steal your cryptocurrencies via the Internet.
Great for people who want complete peace of mind about their cryptocurrencies and especially for those who often travel with their gadgets.
The set includes stainless steel sheets that will allow you to easily create backup copies of phrases for restoration.

Disadvantages of the NGRAVE crypto wallet

This is a young company with the first product of this magnitude.
Given that the parent company is IMEC, you might think that the project will have no problems with the community and support. However, everything is not so smooth at the moment.

Learn more about NGRAVE here.

2. Ledger Nano X

Ledger Nano X from a French startup lookslike a typical USB flash drive, except for a steel shell. The device can be connected to any mobile device or personal computer via USB or Bluetooth.

In fact, the only differences between the Ledger Nano X and the previous Ledger Nano S model are Bluetooth support and connectivity to mobile devices.

The wallet supports more than 30 cryptocurrencies,including Bitcoin, Ethereum, Dash, Litecoin, Tron and many others. This is the most popular hardware wallet to date, in part thanks to Ledger’s powerful marketing over the years.

Advantages of Ledger Nano X

Ledger is the most popular hardware wallet provider. Good support and community can be noted.
The wallet allows you to store many different cryptocurrencies.
In addition, Ledger can be directly linked to other services. For example, with new decentralized exchanges.
Firmware updates are constantly being released for the Ledger Nano X.

The disadvantages of the Ledger Nano X

The software architecture of the wallet is designed in such a way that rebooting the device takes a significant amount of time.
Although the wallet now works with many mobile devices, the added support for bluetooth connectivity, in fact, leaves much to be desired.
Many software updates can degrade the user experience: lags appear or some devices are simply not compatible with the new firmware.
This is the only company that allows bluetooth connectivity. Although security concerns have not yet been substantiated, Bluetooth in the crypto industry is suspicious.

Learn more about Ledger Nano X and other products of the company here.

3. KeepKey Hardware Wallet

KeepKey has the same shape as Ledger,however, it is equipped with a readable digital display. The parent company, Shapeshift, in the crypto space has long been recognized as a reliable software wallet provider. We once laid out a detailed review of the KeepKey crypto wallet.

Benefits of KeepKey Wallet

A more beautiful version of Ledger.
Much easier to use compared to the Ledger Nano X.
It is synchronized with the Shapeshift wallet, offering additional options in the form of instant cryptocurrency exchange.

Drawbacks of KeepKey Wallet

Compared to competitors like TREZOR and Ledger, KeepKey is significantly inferior in terms of community size.
To use Keepkey applications, users are forced to install additional software like Electrum or MultiBit.
It can only be used with a USB connection to a device with an active Internet connection.

4. Trezor Hardware Wallet

Trezor Model T - the freshest model from SatoshiLabs. This company was the first in the world to create a hardware wallet. Model T differs from other wallets in that it is equipped with a touch screen. Trezor wallet allows you to store countless cryptocurrencies, including Bitcoin, Dogecoin, Namecoin, Dash, Ethereum and many others.

Benefits of the Trezor Model T

Support for many cryptocurrencies.
The ability to convert cryptocurrencies into fiat money.
Regular firmware updates.

Disadvantages of the Trezor Model T

High price.
Model T differs from the previous Trezor One model, in fact, only in the user interface.
Almost 3 times more expensive than similar competitors.

Learn more about Trezor here.

While hardware wallets can hitaffordable, these investments will be justified, given the calm that they guarantee. Hardware wallets can save you money when making transactions, but you should still keep backup copies of the seed phrase and follow the rest of the security instructions.

Perhaps in 2020 it is quite possible to choose fromThe above 4 models of hardware cryptocurrency wallets. Perhaps in the coming year we will see new models or fundamentally new gadgets for storing cryptocurrencies, but you definitely won’t be mistaken by stopping at something from this list.