5 BEST Cold Wallet for Crypto Storage (May 2024 Update)

Crypto wallets are divided mainly into two types: hot wallets and cold wallets. Hot wallets use keys (a type of cryptography, like a password). They are created or stored on a connected device and are considered less secure compared to cold wallets.

A cold wallet is a cryptocurrency storage solution that is not connected to the Internet. They are also called Hardware wallets and use a physical medium — typically in the shape of a USB stick. It is considered the most secure type of wallet because it would require hackers to have access to your device and the associated PIN/Password.

There are many Cold wallets in the market, and it’s difficult to choose an online cold wallet for your crypto storage needs. Following is a curated list of top Cold wallet apps that are easy to use and super-secure. The list contains free and paid apps with popular features and website links.
Read more…

Best Crypto Cold Wallets: Top Bitcoin Cold Storage Wallet Picks!


#1 Best Overall

Ledger Nano X

Ledger Nano X

✔️ Coins Supported: 5500+ crypto including BTC, ETH, XRP, LTC, etc.

✔️ Exchange Incorporated: Yes

✔️ Price: $149

Get Wallet

#2 100% Offline

ELLIPAL Titan Bundle

Titan 2.0 Bundle

✔️ Coins Supported: 10K+ tokens including BTC, ETH, LTC, etc.

✔️ Exchange Incorporated: Yes

✔️ Price: $199

Get Wallet


Trezor Model T

Trezor Model T

✔️ Coins Supported: 1800+ crypto including ETH, BTC, XRP, HEX etc.

✔️ Exchange Incorporated: Yes

✔️ Price: 189 EUR

Get Wallet


Ledger Nano S

Ledger Nano S

✔️ Coins Supported: 1800+ crypto including BTC, ETH, XRP, etc.

✔️ Exchange Incorporated: Yes

✔️ Price: $59

Get Wallet

1) Ledger Nano X

Best Overall

The Ledger Nano X is the second-generation cold wallet from Ledger. It is a physical wallet that is the best crypto cold wallet for a reason. You can manage, exchange, and buy your crypto on the go, as mobile users can use their wallets on their phones. Therefore, if you do not have your laptop around you, you can still trade effectively from your Android and iOS devices.

It has included Ledger Live software to check your balance and send and receive currencies. Ledger supports over 1,800 digital coins and tokens, so you are far from limited to Bitcoin. Ledger Live even supports coin staking, in which you can earn rewards based on your balance.

Dimension of this crypto cold wallet is 72mm x 18.6mm x 11.75mm, and its weight is around 34 g. Ledger Nano X are built on brushed stainless-steel plastic, and it also contains ithium-ion 100mAh battery. Its box content one cold wallet, 1 USB-C to USB-A cable, 1 getting started leaflet, 3 recovery sheets, and one keychain strap. This crypto wallet allows access to all smart services – DeFi apps, NFTs, and more.

#1 Top Pick
Ledger Nano X

Type of Wallet: Cold wallet

Mobile App: Android and iOS.

Certification Level: CC EAL5+

Price: $149

Visit Ledger Nano X

Features:

  • Coins Supported: The Ledger Nano X offers extensive cryptocurrency support, covering over 5500+ coins. This encompasses leading cryptocurrencies such as Bitcoin, Litecoin, Dogecoin, Ethereum, and ERC20 tokens like LINK Chainlink.
  • Type of Wallet: Designed as a cold wallet, the Ledger Nano X ensures optimal security by allowing users to store their cryptocurrencies offline, thereby reducing exposure to online threats.
  • Available Countries: The Ledger Nano X can be procured from any part of the world, as it is shipped to all countries.
  • Mobile App: Ledger provides mobile apps compatible with both Android and iOS platforms.
  • Size: It possesses a compact design, with dimensions of 72mm × 18.6mm × 11.75mm, making it easily portable.
  • Material: Crafted with precision, the Ledger Nano X is made of brushed stainless steel combined with durable plastic.
  • Exchange Incorporated: The device integrates seamlessly with cryptocurrency exchanges, simplifying the trading process for its users.
  • Battery: Equipped with a Lithium-ion 100mAh battery that gives 8 hours of extended battery life.
  • Connectivity: The Ledger Nano X offers versatile connectivity options, supporting both Bluetooth for wireless connections and a USB-C cable for wired connections.
  • Customer Support: Ledger prioritizes its user community, offering comprehensive customer support through a rich knowledge base, live chat, and email support.
  • Staking Support: Recognizing the growing interest in cryptocurrency staking, Ledger Nano X facilitates this feature, enabling users to earn rewards on their holdings.
  • Blockchain Support: It is designed to support ERC20 tokens, broadening the range of cryptocurrencies users can manage.
  • Certification Level: With a certification level of CC EAL5+, the Ledger Nano X assures users of its rigorous security standards.
  • Price: The device is priced at $149, positioning it as a premium hardware wallet in the cryptocurrency market.

Pros

  • It provides support for a huge number of digital assets
  • You can have access to Ledger Live.
  • Provides storage for between 3 and 20 different apps.
  • Offers secure storage for a low price.
  • It supports 5,500+ cryptocurrencies
  • Device is mobile and computer friendly

Cons

  • This crypto wallet provides Max storage of three apps

Visit Ledger Nano X


2) ELLIPAL Titan 2.0 Bundle

Best Air-gapped cold wallet

Titan 2.0 Bundle is the world’s first air-gapped cold wallet, providing you with complete network isolation. It is built with no online components or ports for cryptocurrency app support.

#2
ELLIPAL Titan 2.0 Bundle

Type of Wallet: Air-gapped Flagship Cold Wallet

Mobile App: Android and iOS

Certification Level: All-new Upgraded Cold Wallet with CC EAL5+ Certified

Price: $199

Visit ELLIPAL Titan 2.0

Features:

  • Anti-disassembly & Anti-tamper
  • Coins Supported: ELLIPAL Titan 2.0 support more than 10000+ coins and tokens, showcases a diverse range of cryptocurrency support, including popular coins like BTC, ETH, LTC, XRP, XLM, BNB, USDT, TRX, and DOT.
  • Type of Wallet: Titan 2.0 Bundle is a air-gapped flagship cold wallet.
  • Supported Platforms: ELLIPAL is a mobile-oriented cold wallet, designed for portability and convenience, allowing transactions anytime, anywhere.
  • Customer Support: ELLIPAL places a high value on its users, offering responsive live chat support to address any concerns or queries in real time.
  • Mobile Application: To cater to the increasingly mobile user demographic, ELLIPAL provides a mobile app compatible with Android and iOS platforms.
  • Exchange Integration: The wallet facilitates smooth cryptocurrency transactions by incorporating an exchange feature.
  • Dimensions & Weight: Titan 2.0 Bundle is designed to be compact and easily portable, with dimensions measuring 112mm x 65mm x 18mm.
  • Material: Titan 2.0 Bundle is made of high-quality aluminum alloy, ensuring longevity.
  • Battery: A long-lasting 1400 mAh battery powers the ELLIPAL Titan Bundle, ensuring users can operate the device for extended periods without frequent recharging.
  • Certifications: All-new Upgraded Cold Wallet with CC EAL5+ Certified
  • Screen Type: Full HD IPS Display
  • Seed Phrase Generation: 24 words
  • Price: The ELLIPAL Titan Bundle comes at a competitive price of $199, striking a balance between premium features and affordability.

Pros

  • Complete network isolation and can never be connected to the internet.
  • Fully air-gapped
  • Providing complete protection against remote and online attacks.
  • Automatically eliminates the data on detection of the breach.
  • Dust-free and waterproof hardware
  • 51 Blockchains
  • 10,000+ Tokens supported
  • Fast and accurate backups

Cons

  • It is bulky in size
  • Customer Support is a bit slow

Visit ELLIPAL Titan


3) Trezor Model T

Best Hardware Wallet for those on a Budget

Trezor Model T is the crypto cold wallet that allows users access to third-party exchanges, like Changelly and CoinSwitch, instantly from the Trezor internet interface.

This encrypted cold wallet offers a touchscreen feature that is easier for new cryptocurrency users to operate than its previous model. Dimension of this one, the best cold wallet has 64 mm x 39 mm x 10 mm long, and its weight is around 22 g.

Its box content one Trezor Model T cold wallet, 1 USB-C to USB-C cable, 2x Recovery seed card, Model T magnetic dock, and one keychain strap. It is one of the best cold storage wallets that comes with a 1 USB-C to USB-A cable that helps you connect either using a desktop computer or a smartphone if preferred over Bluetooth.

Features:

  • Coin Support: Over 1800 coins are supported, encompassing popular cryptocurrencies like Bitcoin, Ethereum, Ripple, and HEX.
  • Wallet Type: Classified as a cold wallet, ensuring superior security for stored cryptocurrencies.
  • Global Availability: Can be ordered and delivered to any country worldwide.
  • Exchange Integration: Incorporated exchange feature facilitates trading.
  • Mobile Compatibility: Comes with an Android mobile app.
  • Device Compatibility: Works seamlessly with platforms such as Linux, Android, Windows 10 and up, and macOS 10.8 and beyond.
  • Compact Size: Designed with dimensions of 64 mm x 39 mm x 10 mm.
  • Connectivity: Uses a USB-C connector for connections.
  • Staking: Though direct staking isn’t available, the Trezor Model T can be linked to third-party validators, staking pools, or the Exodus wallet for staking purposes.
  • Customer Support: Comprehensive support is offered through email, a detailed Trezor wiki page, and an FAQ section.
  • Blockchain Compatibility: Supports ERC20 tokens.
  • Certifications: Holds CE and RoHS certifications.
  • Battery: External power source.
  • Price: Starts at 189 EUR

Pros

  • Offers unlimited wallet storage
  • Store your passwords safely.
  • Supports more than 1,800 currencies.
  • Network-isolated authentication.
  • Ultra-secure offline storage

Cons

  • Small touchscreen is difficult to type on
  • Not highly secure Crypto Cold Wallet.

Visit Trezor >>


4) Ledger Nano S

Editor’s Pick

The Ledger Nano S is one of the best cold wallets that Ledger introduced. It is one of the first cold wallets compatible with 1800+ cryptocurrencies. The Nano S does have enough storage to make wallets for a limited number of cryptocurrencies at a time.

The Ledger Nano S unit size is 104mm х 58 mm х 5mm, and its weight is 16.2g. It is made of brushed stainless steel and plastic material. It has a strong 100mAh battery. Its box contains items like 1 cold wallet, 1 USB cable, 1 getting started leaflet, 3 recovery sheets, 1 keychain strap. Its USB cable type is Micro-B.

#4
Ledger Nano S

Type of Wallet: Cold Wallet

Mobile App: Android and iOS

Certification Level: CC EAL5+

Price: $59

Visit Ledger Nano S

Features:

  • Supported Coins: Ledger Nano S provides a broad spectrum of cryptocurrency support, accommodating leading coins like BTC, ETH, XRP, BCH, DOT, LTC, TRX, EOS, XLM, ADA, and many more.
  • Type of Wallet: The Ledger Nano S stands out as a cold wallet, ensuring maximum security by keeping user assets offline, far from the reach of potential online hackers.
  • Global Availability: Ledger Nano S offers shipping to all countries to cater to a worldwide audience, making it easily accessible to crypto enthusiasts globally.
  • Mobile Application: With the digital age in full swing, Ledger Nano S facilitates mobile management of crypto assets through dedicated applications available for Android and iOS users.
  • Supported Platforms: Ledger Nano S offers compatibility with various platforms, including Windows 8.1+, macOS 10.14+, Android 7+, and Linux.
  • Exchange Integration: Ledger Nano S provides an integrated exchange feature for users who wish to trade, allowing seamless crypto transactions.
  • Dimensions & Weight: Portability meets elegance. The Ledger Nano S measures 104mm х 58 mm х 5mm and weighs a mere 16.2g, making it easy to carry while moving.
  • Material: Built for durability, the Ledger Nano S is crafted from brushed stainless steel and plastic, offering a sleek yet robust design.
  • Software Wallet Integration: To offer a diverse crypto management experience, the Ledger Nano S integrates with several renowned software wallets, including Bluewallet, Electrum, Metamask, Wasabi, and Sparrow.
  • Staking Support: Recognizing the growing interest in staking, Ledger Nano S provides users with staking support, allowing them to earn rewards on their held assets.
  • Customer Support: Ledger Nano S emphasizes user-centricity, offering a vast knowledge base, live chat, and email chat, ensuring all queries and concerns are addressed promptly.
  • Certification Level: Ledger Nano S is a certified CC EAL5+.
  • Battery: Unlike some of its counterparts, the Ledger Nano S relies on an external power source, eliminating concerns over battery lifespan.
  • Price: Priced at a competitive $59.00, the Ledger Nano S offers a blend of top-tier features while ensuring affordability for its users.

Pros

  • Offers ledger Live app for maximum security and control over your crypto.
  • Easy to use USB-Style Hardware Drive
  • Simple and Powerful
  • Enables you to set a 20-digit recovery password

Cons

  • Operation is not easy and can be complex for new users.
  • Limited to 18 applications only

Visit Ledger Nano S


5) ELLIPAL Titan Mini

Ultimate Air-gapped Cold Wallet

ELLIPAL Titan Mini Cold Wallet is one of the most portable, easy-to-use, and secure hardware wallets in 2022. With its air-gapped and fully metal seal design, it is created to keep cryptocurrency secure from both online and offline threats. Much like operating a big screen on a smartphone, ELLIPAL users can set up ELLIPAL Titan Mini within three minutes.

It is used with ELLIPAL Mobile APP to check balances, and send and receive currencies. ELLIPAL Titan Mini support 34 blockchains, 10,000+ Tokens, and NFTs. With ELLIPAL Mobile APP, users can trade anywhere at any time.

Its box content 1 ELLIPAL Titan Mini Cold Wallet, 1 Magnetic Adapter, 1 USB-C to USB-A cable, 1 Instruction Manual, and 2 Recovery Seeds cards. The USB-C to USB-A cable can only be used to charge the device without transmitting data.

#5
ELLIPAL Titan Mini

Type of Wallet: Cold Wallet

Mobile App: Android and iOS

Certification Level: CC EAL5+

Price: $79

Visit ELLIPAL Titan Mini

Features:

  • Coins Supported: ELLIPAL Titan Mini offers extensive cryptocurrency support, accommodating 41 blockchains and an impressive range of over 10,000+ tokens.
  • Type of Wallet: ELLIPAL Titan Mini is not just an ordinary cold wallet. It boasts a touchscreen interface, making interactions more intuitive and user-friendly.
  • Account Support: The device is designed to manage multiple accounts. Users can set up and manage up to 5 different accounts, providing flexibility for those with diverse crypto portfolios.
  • Incorporated Exchange: With an integrated exchange feature, users can enjoy the convenience of making cryptocurrency transactions without moving assets to external platforms.
  • Customer Support: In the dynamic world of cryptocurrency, timely support can be crucial. ELLIPAL Titan Mini offers live chat support, ensuring users can get assistance.
  • Mobile App: Recognizing the importance of mobile accessibility in today’s digital age, ELLIPAL Titan Mini pairs seamlessly with dedicated mobile apps available for Android and iOS.
  • Dimensions & Weight: The ELLIPAL Titan Mini has been designed with portability in mind. With dimensions of 75mm × 71mm × 10.5mm, it’s compact enough to be carried conveniently, yet sizable enough for a clear display.
  • Material: Crafted from a high-quality aluminum alloy and boasting a fully metal-sealed construction, the ELLIPAL Titan Mini is durable and offers a sleek aesthetic.
  • Battery: Powered by a 600 mAh battery, the ELLIPAL Titan Mini ensures users have ample time to manage their assets before recharging.
  • Certification Level: The ELLIPAL Titan Mini’s certification level of CC EAL5+ signifies a high degree of security assurance, providing users peace of mind about the safety of their assets.

Pros

  • Complete network isolation and can never be connected to the internet.
  • Large screen-easy to use
  • Setting up an account in 3 minutes
  • Fully air-gapped
  • Use open-sourced QR code to transmit data
  • Providing complete protection against remote and online attacks.
  • Fully metal sealed
  • Automatically eliminates the data on detection of the breach.
  • Dust-free and waterproof hardware
  • 41 Blockchains and 10,000+ Tokens supported
  • Fast and accurate backups

Cons

  • Offers limited choice for staking coins

Visit ELLIPAL Titan


6) Safepal S1

Best for beginners to advanced Traders

The SafePal S1 Cold Wallet was launched three years back in 2019. It supports 19 blockchains and 10,000+ crypto tokens, including non-fungible tokens (NFTs). SafePal is one of the best cold storage wallets, which intends to provide crypto customers with a safe, simple, and easy-to-use crypto management solution.

You can also combine several operational and security elements, including recovery seed, two-factor authentication (2FA), pin code, which make it a safer option than most cold wallets out there.

It is a stylish wallet with a clear screen but a dodgy keyboard. SafePal remains fully operational at a temperature of -4° to 158° F. The box offers SafePal S1, USB-A to Micro-USB cable, three recovery sheets, cleaning cloth, and one quick start guide. You can charge this cold crypto wallet with USB cable. It comes with a highly powerful 400mAh battery, and this device doesn’t provide any connectivity.

#6
SafePal S1

Type of Wallet: Cold Wallet

Mobile App: Android and iOS.

Certification Level: EAL 6+ Certified

Price: $49

Visit SafePal S1

Features:

  • Supported Coins: Safepal S1 boasts a wide range of cryptocurrency support, encompassing 34 blockchains and an astonishing 30,000+ tokens. Some of the prominent coins supported include BTC, ETH, XRP, LTC, XLM, TRX, DOGE, DOT, POLYGON, and ADA, among others.
  • Type of Wallet: Safepal S1 is distinguished as a cold wallet, which means it keeps user assets securely offline, protecting them from potential online threats.
  • Integrations: Going beyond just storage, Safepal S1 integrates with a myriad of platforms. From DeFi to Dapps and even NFT platforms like Compound and Opensea, the wallet ensures users have a versatile crypto management experience.
  • Mobile Application: With the modern-day user in mind, Safepal S1 is complemented by mobile applications available for both Android and iOS users, facilitating easy management of assets on the go.
  • Exchange Integration: Safepal S1 comes with an integrated exchange feature, providing users with the convenience of seamlessly trading their cryptocurrencies without the need to transfer assets externally.
  • Dimensions & Weight: With dimensions of 8.6 x 5.4 x 0.6, Safepal S1 is designed to be compact yet substantial enough for easy handling and viewing.
  • Material: Crafted for durability, Safepal S1 features a sturdy metal body, ensuring it can withstand the rigors of regular use.
  • Battery: Safepal S1 houses a 400mAh battery, which, under an average daily use of 10 minutes, could last up to 20 days. Moreover, recharging is made convenient with the use of a USB cable.
  • Global Availability: Ensuring a global reach, Safepal S1 offers shipping to all countries, making it accessible for crypto enthusiasts everywhere.
  • Customer Support: Safepal S1 provides live chat and email support to address user queries swiftly.
  • Certification Level: Safepal S1 comes with an EAL 6+ certification, emphasizing its commitment to the safety and security of user assets.
  • Price: Valued at a competitive price point of $49.00, Safepal S1 offers a blend of robust features and affordability for its users.

Pros

  • EAL 5+ independent secure element
  • Attractive price
  • Offers multiple layers of security sensor
  • Work on self-destruct mechanism
  • 24/7 community support

Cons

  • Not a very portable device.
  • Limited Number of Supported Coins.

Visit Safepal >>


7) CoolWallet Pro

Best NFT Wallet

CoolWallet Pro is a DeFi-focused mobile cold wallet that helps you connect easily to a device without requiring an internet connection via an encrypted Bluetooth connection with a 10-meter radius. It offers easy interaction with DeFi, Dapp, and NFT. Its body is tamper-free and completely water-resistant, and its lithium-ion battery offers a single battery charge that lasts several weeks.

This one of the best cold wallets offers multi-layer cold storage security using its EAL6+ secure element (SE), AES256 encrypted Bluetooth Low Energy (BLE), and five processors to control its Power Management.

#7
CoolWallet Pro

Type of Wallet: Cold Wallet

Mobile App: Android and iOS

Certification Level: EAL6+

Price: $149

Visit CoolWallet

Features:

  • Supported Coins: CoolWallet Pro boasts extensive cryptocurrency support, which includes popular names such as BTC, ETH, LTC, XRP, XLM, BNB, USDT, TRX, Tezos, Cardano, ETH 2.0, and a range of ERC20 tokens, catering to a diverse array of crypto enthusiasts.
  • Type of Wallet: Designed as a cold wallet, the CoolWallet Pro ensures maximum security by keeping the user’s digital assets offline, providing an additional layer of protection from potential cyber threats.
  • Dimensions & Weight: The CoolWallet Pro is both sleek and portable. With dimensions of 85.6mm x 54mm x 0.8mm.
  • Exchange Integration: Users can experience the ease of trading as the CoolWallet Pro comes with an incorporated exchange feature, allowing for seamless transactions and trades.
  • Material: Crafted for a premium look and durability, the CoolWallet Pro features an OLED screen and is constructed with a robust metal body.
  • Mobile App: To cater to the digital-age users, CoolWallet Pro is complemented with mobile applications compatible with both Android and iOS, ensuring on-the-go crypto management.
  • Staking Support: Recognizing the rise of staking in the crypto world, CoolWallet Pro offers staking support for Polkadot (DOT), Cosmos (ATOM), and Tron (TRX), enabling users to earn rewards on supported cryptocurrencies.
  • Global Availability: Ensuring a worldwide reach, the CoolWallet Pro is available for delivery to all countries, extending its accessibility to crypto users globally.
  • Power: Fueled by a lithium rechargeable battery (3 V, 15 mAh), the CoolWallet Pro guarantees long hours of usage without frequent recharges.
  • Integrations: The CoolWallet Pro is not just limited to storage; it integrates seamlessly with DeFi platforms, Dapps, and notable NFT platforms like Compound and Opensea, providing users with a broad spectrum of crypto functionalities.
  • Supported Platforms: Compatible with both Android and iOS platforms, CoolWallet Pro ensures a diverse user base can access and manage their crypto assets effectively.
  • Customer Support: CoolWallet Pro emphasizes user support, featuring a vast knowledge base, along with live chat and email chat options, ensuring users’ queries are addressed promptly and effectively.
  • Certification Level: With an EAL6+ certification, CoolWallet Pro offers users peace of mind, as this level signifies robust security measures to protect digital assets.
  • Price:CoolWallet Pro is available at a price of $149

Pros

  • It offers encrypted Bluetooth connections for both Android and iOS devices.
  • Provide EAL 6+ certified Secure Element.
  • You can track, view, and exchange crypto from your cold storage wallet
  • It allows you to stake crypto through the wallet to earn rewards
  • Encrypted Bluetooth connectivity
  • Easy connection and integration to mobile device

Cons

  • Offers very little choice for staking coins

Visit CoolWallet >>

What is a crypto wallet?

Cryptocurrency has two main types of wallets, namely hot and cold wallets. A cold wallet securely stores cryptocurrencies in hardware wallets by staying offline. These best crypto wallets never connect to the internet, hence, they are unhackable.

It is the right security choice for cryptocurrency investors, although it can be slightly inconvenient for sending and receiving funds. This is because all the cold storage transaction requires access to the device.

For example, if you want to make a transaction and store your Bitcoin in a cold storage wallet, it cannot be accessed instantly. You will have to state the amount and destination address and enter a pin on the cold wallet device for the payment to complete.

Importance of a cold storage

Here are some points that specify why a cold storage wallet is important.

  • Self custody: You get to safeguard your private key to your crypto cold wallet. This means you can rely on yourself instead of any custodian.
  • No cyber attacks: Cold storage wallet completely operates offline; thus, there are no chances of hackers. Store high-value investment: These wallets are ideal for users with a large volume of cryptocurrencies stored over the years.
  • Easy recovery: In the case of a cold wallet, you get a 12-24 recovery phrase. It is a unique phrase that is only generated from the device, so you can use it to recover your entire cryptocurrency in case of mishaps.
  • Wide range of options: You do not require expensive hardware to store your crypto offline, you can use a piece of paper to save your private keys.

How does a cold storage wallet work?

Here is a short explanation of how a cold storage wallet works:

  1. If you want to transfer cryptocurrency from your wallet to another location, you can set transactions through an app or desktop software.
  2. This transaction is then verified when you enter a PIN on the cold wallet device.
  3. Such verification is done without the cold wallet being connected to the internet.
  4. Some cold wallets also have Bluetooth, meaning you can connect your hardware to an app even when you are offline.
  5. There are also some cold storage crypto wallets that use QR codes. When your mobile wallet app transaction is initiated, its hardware device will display a QR Code.
  6. You can then scan the code with the mobile wallet app.
  7. Finally, you can verify the transaction on your mobile wallet app.

What Cryptocurrencies Can You Store in Cold Wallets?

You can store almost all kinds of cryptocurrencies in cold wallets. Some of these cryptocurrencies are Bitcoin, XRP, Ethereum, Monero, Dash, Litecoin, Tron, Ripple, Polkadot, Steller, Ethereum Classic, and more.

There are numerous cold storage wallets, and every wallet differs from the others, some can store 1000 types of cryptocurrencies while others support over 5000. These cryptocurrencies can be stored in any cold storage wallet as long as it supports them.

How Many Cryptos Can You Store in a Cold Wallet?

Usually, crypto cold storage wallets can keep a large number of cryptocurrencies, which is why it is considered by users who own large volumes of crypto.

The number of cryptocurrencies that you can store highly depends on the cold wallet service provider. According to our review, some support above 5500 currencies, such as Ledger Nano X, while Trezor Model T supports 1800.

What are the risks of cold storage?

The risks of cold storage wallet are:

  • Loss and damage: Since they are hardware, these wallets are prone to loss and damage, which is one of their main drawbacks, as per the review.
  • Third-party device needed: These cold storage wallets highly depend on third-party devices for storage and security, hence, you must rely on the manufacturer.
  • Limited access: It limits your accessibility as they cannot provide immediate access like hot wallets when you are in an emergency.

FAQ:

A cold wallet is a type of digital wallet that stores cryptocurrency offline. They are different from hot wallets because they do not have Internet connectivity. When a user creates a cold wallet, the first thing they should do is download an application to manage their funds. The software will generate a unique key that can access the wallet. This prevents hackers from accessing users’ funds because it is stored in the hardware device.

Following are some of the best Crypto Cold wallets:

Here are some important pros and cons of Cold Crypto Wallets:

Pros:

  • Cold wallets are easy to use.
  • They are secure.
  • They do not require a computer or phone to be connected to the Internet.

Cons:

  • You cannot stake your crypto and earn interest

Here are some important types of Crypto Currency Wallets:

  • Hot wallets:These wallets are created or stored on a connected device. Hot wallets provide high utility, but they are certainly less secure than cold wallets. They are also known as Software wallets.
  • Cold wallets:These crypto wallets use keys created on a device not connected to the Internet. They are also called hardware wallets, and these crypto wallets are stored on physical storage devices.
  • Hosted wallets:These wallets are live on another server that you can’t control. Hackers use these kinds of crypto wallets because they hold all the funds from the wallets on the server.
  • Decentralized wallets: It is a highly secure crypto wallet that allows only one person to hold the keys. A decentralized wallet never gives any guarantee of complete privacy. However, it also means you just can’t depend on a 3rd party to send, receive, or store your cryptocurrency.
  • Exchange Wallets: These kinds of Wallets are entirely integrated with crypto exchanges, and you can easily trade and do transactions with these wallets. To find a suitable platform that offers seamless integration with various wallets, consider exploring some of the best crypto exchanges in the UK for a smooth and secure trading experience.
  • Mobile Wallets: These kind of wallets are supported on Mobile OS like iOS and Android. You can control private keys and trade anywhere using these wallets. Coinbase, Binance, Cex.io are some of the widely popular mobile wallets.
  • Desktop Wallets: Wallets that run on Desktop devices and allow users to have private keys.Atomic Wallet.

There are three things you need to consider when buying Crypto Cold Wallet:

  • Safety – Safety is surely the highest consideration when dealing with crypto wallets, and we favored wallets with 2-factor authentication, biometrics, multi-signature support, open-source code, and robust security protocols for transactions.
  • Features – Focus on the general functionality of each wallet. You should look for wallets with more tradable assets, live charts, staking and lending capabilities, and cold wallet compatibility scores.
  • Cost – The cost of a cold crypto wallet depends on the type of wallet. You should opt for reasonably priced cold and hot wallets with exchanges that charge less for processing transactions.

A hot wallet is a digital wallet that stores your cryptocurrency in an online account. You can then use this wallet to make payments or send funds to other users, which means it’s always connected to the Internet.

Whereas cold wallet is a hardware device that is not connected to the Internet and uses software security measures to protect your cryptocurrency from being stolen. Cold wallets are often recommended for storing large amounts of cryptocurrency because they offer better protection than online wallets.

Cryptocurrencies are very volatile, and prices can be altered quickly. There is a risk of losing all your investments due to cyber-attacks, hacks, and scams.

Here are some important steps which you need to take to secure your crypto assets:

  • Keep your private keys safe and encrypted by storing them on an offline computer or external hard drive.
  • When trading cryptocurrencies, always use exchanges that have been recommended by reputable websites. Here is our list of best crypto exchanges.
  • You should never share your private key with anyone else because it gives them full access to your account, which could lead to loss of funds or identity theft if they decide to steal from you for any reason (i.e., fraud).

If you want to know detailed comparison between Trezor and Ledger, In this tutorial, you will learn Trezor vs. Ledger

Best Bitcoin Cold Storage Wallets

#1 Best Overall

Ledger Nano X

Ledger Nano X

✔️ Coins Supported: 5500+ crypto including BTC, ETH, XRP, LTC, etc.

✔️ Exchange Incorporated: Yes

✔️ Price: $149

Get Wallet

#2 100% Offline

ELLIPAL Titan Bundle

Titan 2.0 Bundle

✔️ Coins Supported: 10K+ tokens including BTC, ETH, LTC, etc.

✔️ Exchange Incorporated: Yes

✔️ Price: $199

Get Wallet


Trezor Model T

Trezor Model T

✔️ Coins Supported: 1800+ crypto including ETH, BTC, XRP, HEX etc.

✔️ Exchange Incorporated: Yes

✔️ Price: 189 EUR

Get Wallet


Ledger Nano S

Ledger Nano S

✔️ Coins Supported: 1800+ crypto including BTC, ETH, XRP, etc.

✔️ Exchange Incorporated: Yes

✔️ Price: $59

Get Wallet