×

Registration

Profile Information

Login Data

Or login

First name is required!
Last name is required!
First name is not valid!
Last name is not valid!
This is not an email address!
Email address is required!
This email is already registered!
Password is required!
Enter a valid password!
Please enter 6 or more characters!
Please enter 16 or less characters!
Passwords are not same!
Terms and Conditions are required!
Email or Password is wrong!

CRYPTO HARDWARE WALLET BUYERS’ GUIDE BY CRYPTOHWWALLET.COM

Why do I need a hardware wallet & its benefits over the other Desktop, Mobile or Web wallets

I’m sure by the time you get to this point in the crypto space, then you are likely to be in one of the following situation:

1.You are a serious and long term cryptocurrency investor

2.You have been hacked by someone

3.You have the mindset of safe guarding your cryptocurrency from hackers or at least you can sleep well at night

4.You just want to try one and see what it is like and how is it different from the other type of wallets out there

5. All of above or none of the above.

 

So let’s start why you need a hardware wallet and how it’s different. You need a hardware wallet because it acts like your bank, you are in full control of your money, and your private keys are securely stored in the wallet only, can’t be extracted or exported even if you wanted to. The fundamental difference between a crypto hardware wallet and the other is how its private keys are stored and used at the time of transaction. As we all know if the private key is stolen, then your coins are gone. With hardware wallet, your private key always stays inside the IC or Integrated Circuit. The private key never leaves the IC so nobody including the wallet owner can’t even export the keys out or know what it is. These wallets are designed to keep the private keys safe inside the wallet even if it’s connected to a virus infected computer. This is why it’s extremely safe from hackers. Every use of your wallet on the internet is securely isolated from any potential attacks. Only the person in possession of the wallet can sign for transactions or send crypto tokens by pressing a button to confirm that transaction, not a click of a mouse on a web wallet or mobile wallet. Hackers are too crazy and they are always ahead of the game, so only hardware wallets have a known history of no successful attacks yet by any hackers.

Hardware wallet types, Brands, Ease of use & setup

Generally speaking, all the hardware wallet serves two purposes that is to provide extreme level of security for storing crytocurrencies as well as signing transactions. I like to categorize them into two types; wallets with displays and wallets without displays. Currently bitcoin.org certified brands are only four of them as follows: Trezor, Ledger, Keepkey and digitalbitbox. They are made in Czech Republic, France, USA, and Switzerland respectively. All of them use open source protocol, mostly BIP 39 & 44 PATH. There is a detail comparison for each wallet below that I gathered. Something interesting to mention about digitalbibox, they are the only one so far that offers a TF or microSD card slot that is being used to do your master seeds backup. It also supports the FIDO or U2F like the most of the other hardware wallets, see details below.

Choose the right Hardware wallet that fits your need & budget

There are different aspects to consider when choosing your hardware wallet, this includes; Model, compatibility, level of protection, and price. The right Crypto Hardware wallet can be easily be chosen based on your needs. Let’s do a quick comparison by looking at this chart below:

 



Bitcoin

Ethereum

Eth Classic

DASH

Litecoin

Zcash

Stratis

Doge

Monero

Ease of use

OLED Display

EST. Price***

FIDO U2F

Trezor

YES

YES

YES

YES

NO

YES

NO

NO

NO

3

NO

$99***

YES

Ledger Blue

YES

YES

YES

YES

YES

YES

YES

YES

WIP

3

YES

$249***

YES

Ledger Nano S

YES

YES

YES

YES

YES

YES

YES

YES

WIP

5

YES

$65***

YES

Ledger H.W1*~

YES

NO

NO

NO

NO

NO

NO

NO

NO

4

NO

$19***

NO

L Nano duo**~

YES

NO

NO

NO

NO

NO

NO

NO

NO

4

NO

$39***

NO

Keepkey

YES

YES

YES

YES

YES

NO

NO

YES

UNKWN

4

YES

$99

NO

digitalbitbox*

YES

NO

NO

NO

NO

NO

NO

NO

NO

4

NO

$59***

YES


Last update: 4/21/17

FIDO is a U2F or Universal 2nd Factor, a better and safer 2FA or 2 form factor than Google authenticator, Authy or SMS by text.

*  wallet has microSD slot, where you can store your master seeds onto a microSD memory card instead of the need to write it down

** same version as the Ledger Nano, except this one comes with 2 Nanos for backup or sharing purpose.

*** Estimated price shown does not include the shipping cost, normal about $25 to $30 USD. CryptoHWwallet.com offers free U.S. Shipping to U.S buyers

~These wallets are being discontinued.


Ledger has stopped making Ledger H.W1(the first Ledger Hardware Wallet, the smallest that can be on a keychain), Nano, Nano Duo wallets, but will continue to provide support for all of their Apps and plugins.

Other great features besides just Cryptocurrency on some wallets

Currently Trezor offers a very useful feature called password manager, this is a great feature that is not just for cryptocurrencies. It can be used for all of your password management. This is something that we can all use on a daily basis. Keepkey has started something similar as well.

Where to Buy and General cost etc

Try to buy from local seller first if you have access to them. Why? Because the speed of delivery, and sometimes better price too. So try to get them from your local authorized dealer where you reside. It’s generally faster shipping. If there is none at where you reside, you can choose to buy from a credible dealer outside of your country that ships to you. Most of these hardware wallets can be purchased from wallet maker’s websites(except the discontinued models), major marketplaces like Amazon, eBay and etc, but just about all of these wallets can be found at “The Crypto Hardware Superstore” @ www.cryptoHWwallet.com

Special Tips to all hardware wallet users

Read tips below at least three times and be sure you understand my advice before using your hardware wallet, hardware wallets comes with great features and control but at the same time you, the user bears all the responsibilities of its use and misuse!!!

Always carefully write down your master seeds, normally 12, 18, or 24 English words, write them down on a piece of paper, never take photos of them, or put save them on computers. Keep multiple copies in different places. Let your loved/trusted significant other know about it if you like. Check them once every few months just to keep your memory fresh. Remember: The master seeds are your last line of defense should your wallet is lost, damaged, stolen. Without those master words, you will lose your bicoins or other tokens for good. Nobody on this planet can help you. Your wallet is your bank. Store your fortune on hardware wallets, and keep small amount in your mobile wallet for convenient uses. Before you make large amount transfers, carefully check the addresses you are sending, be sure it’s copied correctly, you can alway send a small amount first to test. Always keep your hardware wallet up to date with the latest firmware. This is very important. Good luck everyone!!! Go Crypto!!!

About the guide writer & contact

My name is Joseph Wang, founder of cryptoHWwallet.com. An active & humble crypto learner. I’ve been involved with crypto & blockchain since 2015. I Lost bitcoins to hackers in 2016, after that I had the motivation to get into hardware wallets, and my goal was to get every crypto holder a hardware wallet to avoid hackers from hacking. I am actively involved in many bitcoin events & activities, sponsoring different projects and festivals for the crypto community. Let’s do more for crypto and change this current corrupt monetary system. Find me on FB: cryptoHWwallet, or Twitter: @cryptoHWwallet.com

Special Disclaimer, use the information provided at your own risk

Although the contents of this guide has been provided with true and honest information based on the level of understanding and knowledge base of the writer. However, certain misrepresented information or errors may exist. This is only provided as a free source of information. Readers be aware not to hold writer liable for any error content provided above, and should he/she choose to take the advice as a form of guidance do understand the risks of misguided information is not the intention of the writer and will not hold writer responsible for any cause of financial loss or etc. Writer always recommend a responsible individual should do their own due diligence to avoid loss.