Top 5 Bitcoin Hardware Wallets for 2020
Updated: Nov 16
If you're into Bitcoin and would like to better secure your BTC, it can be quite the task deciding what hardware wallet is best for you. There are so many options! Which one will best suit your needs and technical understanding?
To help you decide, I've put together a list (in no particular order) of my most trusted and regularly used devices, along with full tutorial videos for each. Enjoy!
LEDGER NANO X
The Ledger Nano X is a device that can be used with your mobile phone via Bluetooth (as shown in the video below) or used with desktop software known as Ledger Live. The native software lends itself towards being user-friendly and relatively non-technical, while also giving the option of being used with alternative software should a user choose to interact with the device in a more advanced manner later on. You can buy one here.
TREZOR MODEL T
The Trezor Model T is another user friendly device that boasts a touch screen and fully open source software. Users historically have interact with it via the web interface, but this video features Trezor's new desktop app. You can buy one here.
The Cobo Vault (in my opinion) is a notable step up from the Trezor/Ledger in that it uses air-gapping, meaning that you never plug the device into an internet connected device, thus ensuring the keys to your money remain safe. This adds a couple steps to the transaction process, but once you've tried it a couple times it will become second nature. You can buy one here.
Amongst hardcore Bitcoiners, the Coldcard is widely regarded as the gold standard of hardware. From the look/design of the device itself, down to how you actually interact with it via air-gapped transactions (though the option to plug into a computer remains), Coldcard is a great ode to Bitcoin's cypherpunk roots. This option is great for seasoned Bitcoiners looking to step up their game, or newcomers that want to truly understand how Bitcoin works by getting their hands dirty. You can buy one here.
The BitBox02 is a Swiss-made hardware device with dedicated desktop and mobile apps. It boasts easy microSD card backups fully open source firmware, and is also cross-compatible with a number of other desktop apps. If you are considering grabbing one, I recommend the Bitcoin Only version. You can buy one here.