In an industry rife with scams and hacks it is imperative to store your NFTs safely and the best way to do this is by using a hardware wallet.
Simply put, NFT hardware wallets are physical devices shaped like USB sticks or dongles that grant access to your crypto assets. They are designed to be unhackable while protecting against malware.
In this guide, I will be covering the 3 best NFT hardware wallets. So without further ado, let’s jump right in.
| Pros | Cons | |||
| + User interface is elite + Supports over 1800 cryptocurrencies + Compatible with iOS and Android + Superb build quality + Built-in battery with an 8-hour battery life | – A tad pricey |
Ledger devices are the most popular hardware wallets in the crypto space and for good reason. The Ledger Nano X features a sleek design with support for over 1800 cryptocurrencies.
Not to mention, it is compatible with both IOS and Android devices as well as having Bluetooth support. There is also an in-built battery for wireless functionality.
Overall, it is an extremely convenient and easy-to-use device. This is the device I personally use so I highly recommend it.
| Pros | Cons | |||
| + Access to ledger live (UI) + Supports thousands of cryptocurrencies + Great build quality and sleek design + Affordable | – No Bluetooth |
Looking for a more budget-friendly device? Then the Ledger Nano S Plus is the device for you, it is exceptional value for money.
An improvement on the previous iteration, the popular Nano S. This device features a similar style with numerous upgrades.
The first is a sleeker design and larger screen. This device also features larger memory allowing users to store and manage dozens of different cryptocurrencies simultaneously.
Not to mention, it uses the Ledger’s certified CC EAL5+ chip for enhanced security. Although it doesn’t have Bluetooth, for under $80 this is a steal.
| Pros | cons | |||
| + Great screen + Password manager + Superb Security + Open source software | – Expensive – Outdated design |
If you want an alternative crypto wallet then you may like the Trezor Model T. It features a sleek screen with no extra buttons.
Like both of the ledgers, it’s extremely secure and supports over 1500 cryptocurrencies. Not only that it can also be used for password management and has a microSD card for added encrypted storage.
One notable advantage over ledger is the use of open-source software. This provides complete transparency and highlights any malicious activity.
With that being said, it is quite pricey at over $200 and in my opinion, the design is outdated.
FAQ
What is an NFT hardware wallet?
NFT hardware wallets are physical devices shaped like USB sticks or dongles. Simply put, they provide access to your cryptocurrency wallet. They are combined with a seed phrase that grants full control of your assets.
Are NFT hardware wallets necessary?
NFT hardware wallets are necessary as they safeguard your private keys while allowing you to also sign transactions.
Not to mention, the security is second to none. Oftentimes, for criminals to steal your funds they need to physically possess your device and your private key.
Unlike hot wallets, hardware wallets cannot be hacked or modified when disconnected.
Can hardware wallets store NFTs?
Hardware wallets do not store NFTs. Instead, they are stored on the blockchain and are accessed via your crypto wallet.
That being said, hardware wallets grant access to your wallet and therefore your NFTs. Essentially, it stores your private key and passwords.
In other words, you can think of your crypto wallet as the vault holding your NFTs and the hardware wallet as the key.
Can hardware wallets store any cryptocurrency?
Hardware wallets only support cryptocurrencies that are compatible. However, all of the major tokens have support. For instance, the most popular wallet Ledger supports over 1000 cryptocurrencies.
What is the difference between a hardware wallet and a hot wallet?
A hardware wallet is a physical device that stores your data offline. Whereas, a hot wallet is always connected to the internet.
Is a hardware wallet the same as a cold wallet?
Hardware wallets and cold wallets are the same.
I hope you found this guide useful and thanks for reading it.
