11 Best Crypto Cold Wallets for Ultimate Security

If you want to keep your crypto assets safe, you need to choose the best cold wallets. These wallets keep your tokens offline, greatly reducing the risk of online threats. 

With that in mind, we’ve taken the liberty of listing some of the best cold storage wallets on the market today. We also discuss how they function, what makes them special, and the advantages of using them.

Top Crypto Cold Wallets Reviewed

To make selecting the best cold wallet for crypto easier, we’ve reviewed 9 of the top crypto wallets that are currently available.

1. Cypherock – A Wallet That Boasts 10x More Security

If you are looking for the best hardware wallet, check out Cypherock, a wallet that boasts 10x more security than others and no seed phrase vulnerability. Users can also use it to manage the seed phrases of their other wallets. The platform supports more than 9,000 digital assets and is backed by strict audits, which are the companies that identified weaknesses in Ledger and Trezor.  

Dissimilar to other hardware wallets, which allow users one wallet account per hardware, with Cypherock, they can create four different wallet accounts within the single Cypherock X1.

With Shamir’s Secret Sharing, users’ private keys are separated into five parts. They are uniquely stored in the 4×1 Cards and X1 Vault, controlled by the users, and distributed in different locations globally. Users fetch and tap a card on the X1 Vault to make a crypto transaction. 

With the Wallet Connect option, users can participate in decentralized finance. In fact, Cypherock supports DeFi and NFTs through WalletConnect, enabling seamless interactions across decentralized applications.

Use the promo code “coldwallet” to get 17% off your purchase

2. Ellipal Titan 2.0 Cold Wallet — Premium Air-Gapped Cold Wallet

Ellipal Titan 2.0 Cold Wallet is a fully air-gapped cold device, meaning there is no wireless connection, such as Bluetooth or Wi-Fi to be exploited. Instead, the wallet uses a QR code scanning camera to get the transaction information, and then you sign it. The firmware upgrade is also done offline to minimize points of failure.

This premium cold wallet comes with a touchscreen, similar to a smartphone, and a companion mobile app for iOS and Android devices. And if someone tries to tamper with the wallet, there’s an auto self-destruct feature, rendering the wallet useless for bad actors.

The device can store over 10,000 coins and tokens on various blockchains, making it a useful wallet for investors who hold altcoins in addition to Bitcoin. In addition to all its secure features, there’s also a 2-factor authentication with PIN and password. This makes it hard to exploit even if someone steals your device.

For $169, this isn’t the most cost-effective way to store your crypto, given there are cheaper alternatives, but if you store digital assets worth thousands of dollars, this will be a small price to pay for the convenience and security it offers.

3. Ledger Nano X — Overall Best Cold Wallet Storage

Ledger is likely the most famous manufacturer of cold wallets on the planet. The company is trusted by large companies and thousands of retail investors around the globe. The Ledger Nano X is the company’s flagship cold wallet and is up there with the best crypto cold wallets.

One drawback to the Nano X is the price. The wallet will set a budding investor back $149, not insignificant but ultimately a drop in the bucket compared to the amount of protection offered. The process of setting up a Nano X is mostly straightforward, although it can definitely be slightly confusing for new users. The device is secured with a series of 24 random words and a pin set by the device owner. This means that even if a bad actor were to gain access to the physical ledger device, they would still need either the 6-character pin or the recovery phrase to take control of any funds.

The Nano X can store over 5,500 different tokens. For investors who might need to buy or sell assets at a moment’s notice, the Ledger Live app (which comes with every Ledger device) comes complete with in-built exchange and swapping capabilities. While the fees on the exchange are a little high (as third parties power the exchange), the convenience it offers is wonderful. It’s not the most efficient place to buy and sell frequently, but when the times call for a quick purchase, it does come in clutch.

Overall, the Ledger Nano X is the best cold storage wallet on the market. It’s simple to use, stylish, from a trusted company, and, more importantly, extremely secure. With that said, there are a few phishing sites designed to imitate Ledger, so it’s imperative to only buy the device from the official Ledger website, and read trusted Ledger reviews.

4. Trezor — Well-Known Manufacturer of Cold Wallets

Trezor is the main competitor to Ledger and provides cold wallets of a similar caliber to the big name brand. Trezor was actually launched prior to Ledger in 2013 but the company has done well to maintain a spotless track record.

The company offers three devices, the Trezor One, Trezor 3 and the Model T. All three wallets are similar with one major difference: the Trezor One and Trezor 3 have physical buttons for approving transactions, while the Model T has a touchscreen. Everything else is virtually the same, including the number of coins and tokens you can store, the Trezor Suite companion app, even the PIN and passphrase security.

Because of the touchscreen, the Model T is the most expensive of all three wallets. This model also comes with the Cryptotag Zeus titanium seed recovery plate, which makes it safer, more practical, and more durable. Cryptotag is one of the best-selling seed phrase storages that’s compatible with BIP39 wallet backups.

The sweet spot is the Trezor Safe 3, which is the best option for most crypto investors and enthusiasts due to its affordable price and offering the same features as the more expensive Model T.

Regardless of which Trezor you choose, you get features like incognito transactions with Coinjoin, ID protection with Tor, and the secure element-certified chip EAL6+.

5. Tangem – Cold Wallet Integrated With NFC Technology  

Tangem is a cold wallet designed like a bank card. What makes this self-custodial wallet stand out is its EAL6+-certified chip that generates random private keys. I.e., Tangem is a seedless wallet that, instead of seed phrases, uses up to three cards to serve as a backup for private keys.

Tangem uses NFC technology, meaning its users can connect it to their mobile devices. Tangem is compatible with Android devices (higher than 6.0 or iOS 14.5) and iOS devices (except iPhone 6/6s and iPhone SE (1st generation). This wallet is audited by two companies – Kudelski Security and Riscure and is also the only hardware wallet with an IP68 environmental protection rating.

Tangem supports 70 networks and 1000+ cryptocurrencies, and it has a native mobile app. The app enables investors to access real-time tickers and buy, sell, swap, and stake their tokens.

You can join Tangem’s referral program to receive 5 USDT per referred friend, or you can use our link to buy Tangem for a 10% discount.

*Users will receive a 10% discount by using our link to purchase Tangem

6. Ledger Nano S Plus — Budget Offering From Ledger

The Ledger Nano S Plus, priced at $79, offers a budget-friendly yet secure option for cold storage. Similar to the Trezor Model One, this wallet is equipped with essential security features. Upon setup, users are given a 24-word backup passphrase shown on the device’s screen, along with a requirement to create a personal PIN for transaction approvals. In case the PIN is forgotten or the device is stolen, the backup passphrase allows access to the wallet.

This wallet supports more than 5,000 cryptocurrencies, including popular ones like Bitcoin, Ethereum, Polkadot, XRP, and Binance Smart Chain.

The Ledger Nano S Plus also integrates with Ledger Live, an app and desktop software that enhances functionality. Users can leverage Ledger Live to stake cryptocurrencies to earn rewards, swap tokens, and buy crypto with fiat. However, it’s important to note that these additional services involve third-party fees.

7. Coldcard — Best Cold Bitcoin Wallet in a Credit-Card Style

Made in Canada, Coldcard is a cold Bitcoin cold wallet that provides an excellent level of security. The device is essentially a number pad with a small screen on top, meaning it’s easy to store and weighs hardly anything.

Note that this is a Bitcoin-only cold wallet and open-source. It has a dedicated security chip and is fully air-gapped. Backup and transaction signing are done offline, removing one major point of failure.

The team has made it clear that they have eliminated everything unnecessary (fancy packaging, excess cables, etc.), but despite this, the latest version of Coldcard still costs $157.94, placing it smack in the middle of the devices we’ve examined.

The Coldcard is well-designed and extremely secure. While it has a more barebones look than some competitors, it’s still one of the best cold wallets for Bitcoin.

8. Blockstream Jade — Affordable Bitcoin-Only, Air-Gapped Cold Wallet

Blockstream Jade is a Bitcoin-only cold device packed with features at an affordable price of $64.99. It is an air-gapped device, meaning there’s no Bluetooth or other wireless connection required that could potentially be exploited when you’re signing transactions. Instead, it comes with a QR code scanning camera, and that’s how you get transaction information.

One of its main features is the multisig, where two private keys are created: one stored on your device and another held on Blockstream Green servers. To access the latter, you need to pass two-factor authentication. This means that even if someone finds your private keys at home, they still won’t be able to access your Bitcoin stored on this cold device without access to the Blockstream’s servers.

Firmware updates are done via a USB connection. However, the device comes with a battery, meaning you don’t need any direct connection for signing transactions. Because of that, if you’re looking for a secure wallet to store your Bitcoin at an affordable price, Blockstream Jade can be a worthy option.

9. Ngrave Zero — Premium Cold Wallet Made in Belgium

Ngrave Zero is one of the most expensive cold wallets, at close to $400. For the price, you get a fully air-gapped device with no wireless connection. It comes with an EAL7-certified OS, biometric security to unlock your device, and a 9-digit PIN code.

Transactions are signed via QR codes, and you don’t need to connect your Ngrave Zero to a computer to approve them.

Due to its price, it’s hard to justify purchasing it if you’re holding assets worth a few thousand dollars, given how a lower-cost wallet could do the job just the same. But if you hold hundreds of thousands or even millions in digital assets, Ngrave Zero could be worth considering.

10. SafePal S1 — Cold Wallet with Investment from Binance

The SafePal S1 is the safest cold storage wallet in the shape of a credit card. This makes it the most affordable cold wallet you can get. Don’t let the price fool you, however. This wallet supports over 100 blockchains along with every coin and token that comes with it. It also features a 400mAh battery, which, according to SafePal, is expected to last around 20 days.

Furthermore, the device features an in-built camera designed to make scanning QR codes a breeze. It has attracted investment from the world-famous Binance Labs, which is a great sign that the device is safe and secure. It adheres to a 100% offline design, meaning it does not support Bluetooth, WiFi, or NFC connections.

All in all, the SafePal S1 is a well-rounded device that offers a lot, considering the price. While SafePal is not as established as the big names, receiving investment from Binance has helped to legitimize the wallet provider. It’s a solid device for budget investors.

11. BitBox — Swiss-Made Cold Wallet

BitBox is a tiny, sleek, Swiss-made cold wallet. The device is small yet powerful and comes with a dedicated management app similar to Ledger Live.

As an open-source wallet, anybody can review the code powering BitBox, making it more transparent than many other cold wallets. The device comes in two forms: the Multi Edition and the Bitcoin-only edition, both of which cost $152.

The device is easy to set up and intuitive to use, making it one of the best cold storage wallets for beginners. It’s well-designed and features a clear display and a USB-C connector, making it compatible with all the latest devices.

BitBox is a solid choice and worth considering for investors trying to find the best cold wallets for crypto. At $131, it falls around the middle of each of the wallets we’ve reviewed. Overall, it’s a solid contender and should serve any investor well.

Best Cold Wallets for Crypto Compared

It can be difficult to determine the best wallet just from reading reviews. So, to make the process easier, we’ve included this easy-reference table covering some of the most important statistics when selecting a cold wallet.

What Is a Cold Storage Crypto Wallet?

A crypto cold storage wallet is a piece of software or hardware designed to store digital assets. While there are a plethora of different kinds of wallets out there, what makes a cold storage wallet different is that it’s designed to be used offline. This provides several security advantages and protects the investor from digital attacks.

Typically, even the best cold storage wallets are less convenient to use than their internet-connected counterparts. This is because the investor has to go through additional steps to access their funds. While this is massively beneficial for security purposes and incentivizing holding, it can be detrimental for frequent traders or investors who require easy access to their funds at all times.

Cold storage wallets come in a plethora of forms. Software wallets, hardware wallets, and paper wallets can be all considered cold storage. While this provides investors with a lot of choices, it can get a tad confusing.

How Do Cold Crypto Wallets Work?

Regular crypto wallets and cold storage crypto wallets work in very similar ways. At their core, both are designed to fulfill the same role; one is just designed to offer greater protection against digital threats.

Every wallet comes with an address, similar to a bank account number and sort code, which allows a user to receive and store crypto assets. Furthermore, when sending crypto, the receiver will be able to see the address of the wallet the transaction originated from. While it can vary between networks, generally, anyone can look up a specific wallet address and see its holdings and transactions.

Another crucial part of any crypto wallet its public and private keys. The former is safe to send to anyone and is essentially an encrypted version of the wallet address. For most investors, it’s unimportant but still worth keeping safe. Conversely, private keys act as a recovery code for a wallet and, therefore, should never under any circumstances be sent to anyone. If someone has the private keys linked to a wallet, they can import the aforementioned wallet to any device and gain full access to the account. Typically, private keys come in the form of a 12 to 24-word phrase.

Benefits of Crypto Cold Wallets

The main benefit of crypto cold storage wallets is security. Any wallet connected to the Internet is at risk of being hacked or otherwise compromised through digital means. This can then lead to large losses, which, of course, nobody wants.

When using a hot wallet, especially a custodial hot wallet, the private keys linked to the account are stored on a server that is susceptible to being hacked. This can mean that even if an investor did everything correctly (strong, unique password, 2FA, etc.), they could still lose their funds through no fault of their own. However, the best cold storage crypto wallets remove the chance of this happening entirely.

By storing the keys linked to a wallet offline and ensuring the device cannot connect to the web, there’s no way for a budding hacker to get access to any funds. In fact, for anyone to have a chance of stealing funds from a cold wallet, they would need a physical device. However, even then, the bad actor would still need a PIN number to gain access to the device. The best cold wallet for crypto, the Ledger Nano X has a system that will lock the device if the wrong pin was entered too many times, preventing brute force attacks from working.

Crypto Cold Wallets vs Hot Wallets

The debate between hot and cold wallets has been raging in the crypto community for years. Some security-centric investors would never dare store their assets on an internet-connected wallet, while others desire the convenience offered by exchanges or hot wallets. Ultimately, there’s no right or wrong answer to which is best; it’s a matter of priorities.

Hot wallets typically offer far greater convenience than cold storage. Therefore, they can be better for traders who need frequent access to funds or anyone who needs to access their assets on the go. On the other hand, withdrawing funds from cold storage can be more time-consuming or require physical access, making it less attractive to investors who frequently move around their assets.

When talking about hot and cold wallets, there’s one thing that everyone can agree on: the best cold storage wallets simply offer greater security than any hot wallet. Therefore, cold storage is the clear choice for anyone wanting to store large volumes of crypto or hold onto their assets for a long while. In summary, the best cold storage wallets provide excellent security but at the cost of ease of use.

How to Choose the Best Cold Storage Bitcoin Wallet for You

When selecting the best cold storage crypto wallets, many factors can complicate the process. To make the selection process easier, we’ve included a few of the most important things to consider when choosing which wallet is right for you.

Security

If an investor is debating whether they should use cold storage, security is usually their number one concern. After painstakingly building a portfolio of cryptos with potential, the last thing anybody wants to lose their crypto, especially through no fault of their own. Therefore, selecting a wallet with a high level of security is a must. It’s worth ensuring a potential wallet is non-custodial, completely offline, and from a reputable vendor.

Supported Coins

One of the primary purposes of any cold wallet is to store coins for a long period. Therefore, it’s a must that a wallet supports the best long-term cryptocurrencies. As every investor is different, it’s worth keeping if the specific coins you want to store are supported by a wallet.

Fees/Cost

When selecting the best cold storage wallets, the cost should always be considered. There’s no point in spending $300 on a wallet to store $100 worth of crypto, so it can be a good idea to consider a budget ahead of time. Furthermore, some wallets come equipped with in-built exchanges, so it’s also advisable to check the fees on those platforms before buying any assets.

Mobile Experience

With the number of mobile investors growing, having a wallet with a good mobile app can come in handy. There aren’t many cold storage wallets available and secure on mobile, but the Ledger Nano X has Bluetooth compatibility as well as a mobile app, making it a great choice for mobile investors.

Convenience

If a wallet is difficult and convoluted to use, it will be more of a burden than its worth. The best cold storage wallets are convenient and secure. If a wallet takes ages to learn and offers a poor user experience, it’s probably worth avoiding.

Conclusion

Now that we know what cold storage wallets are and the benefits of using them, picking one is much easier. Therefore, if you’re still on the hunt for the best crypto cold wallets, choosing one from our list can be a great way to keep your investments safe.

In our opinion, the Nano X from Ledger is an incredible device. It’s easy to use, ridiculously secure, and trusted by thousands around the world. Furthermore, at just $149, this premium device is cheaper than several wallets that claim to be budget offerings. Overall, the Nano X is a great device that will serve any investor well.

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