Markets

Insider Trading

Hedge Funds

Retirement

Opinion

10 Best Crypto Hardware Wallets In 2023

This article features the 10 best crypto hardware wallets in 2023. If you’re only interested in the top 5, feel free to skip our in-depth analysis and jump straight to the 5 Best Crypto Hardware Wallets in 2023.

As cryptocurrencies continue to gain popularity, ensuring the security of digital assets has become an increasingly important concern. Crypto wallets are digital tools used to store and manage digital assets, and they play a critical role in safeguarding against cyber threats. 

With the wide variety of wallets available on the market, choosing the right one can be tricky. In this article, we will discuss the importance of crypto security, the difference between hot and cold storage, the key factors to consider when choosing a hardware wallet, and the best crypto hardware wallets available.

The Growing Importance Of Crypto Security

Cryptocurrencies function in a decentralized manner, operating independently from banks and governments. While this independence provides freedom, it makes cryptocurrencies more vulnerable to cyber-attacks and fraudulent activities.

Consequently, ensuring the security of crypto assets has become a crucial concern for industry professionals and users alike. According to Forbes, with the number of hacking incidents on the rise, the losses due to crypto hacks and breaches have already surpassed $2 billion, and they are projected to set another all-time high.

As stated by the World Economic Forum, the use of cryptocurrencies for criminal activities, including ransomware, scams, and terrorism financing, has led to a total loss of $14 billion in 2021, representing a 79% surge from 2020. Thus, it is vital to ensure sufficient crypto security to avoid such severe repercussions.

Crypto hardware wallets can be seen as a viable solution to most security issues. These wallets offer a secure way to store private keys using cold storage and provide additional protection against hacking attempts. Since the private keys are kept offline, these wallets provide a safe way to store and manage digital assets, making them a preferred choice among cryptocurrency enthusiasts.

Crypto Wallets: Hot Vs. Cold Storage

The rise in cryptocurrency theft is a concerning trend. According to Chainalysis, “2022 was the biggest year ever for crypto hacking, with $3.8 billion stolen from cryptocurrency businesses”.

Crypto wallets can play a critical role in this regard, offering an offline storage solution that is less vulnerable to attacks from hackers and malware. Regarding crypto wallets, there are two main types of storage: hot and cold. Hot wallets are connected to the internet, making them more prone to cyber-attacks and other security threats. In contrast, cold storage wallets are kept offline, providing a higher level of security against such vulnerabilities.

Hot wallets are typically used for convenience and accessibility, allowing users to quickly access their cryptocurrency holdings from anywhere at any time. However, the trade-off for this convenience is a higher risk of theft or hacking, as hot wallets are connected to the internet and are more vulnerable to cyber-attacks.

On the other hand, cold storage wallets provide a more secure option for storing digital assets, as they are kept offline and away from potential threats. It makes them ideal for the long-term storage of cryptocurrency investments or for individuals and businesses requiring higher security for their digital assets.

Freezing Out Hackers: Why Cold Storage is the Hottest Trend in Crypto Security

The benefits of cold storage crypto include the following:

  • Enhanced security: Cold storage provides extra protection to your cryptocurrency by keeping it offline and inaccessible to hackers and other cyber threats.
  • Protection against hardware failure: In case of hardware failure, cold storage protects your cryptocurrency. Since your cryptocurrency is stored offline, it is not affected by any physical damage that may occur to your hardware wallet or other storage devices.
  • Privacy: Cold storage ensures that your personal information and transaction history are not stored online where hackers or other third parties can potentially access them.
  • Peace of mind: With cold storage, you can know your cryptocurrency is safe and secure, even if you are not actively using it.
  • Long-term storage: For the long-term storage of cryptocurrency, cold storage is quite handy. You can store your cryptocurrency for years without worrying about online threats or the need for constant monitoring.

The Role of Public and Private Keys in Crypto Wallets

Public and private keys play an important role in securing these transactions. The public key is a unique digital address used to receive funds, while the private key is a secret code that enables users to access and control their funds. These keys work together in a cryptographic system to ensure the integrity and security of the user’s transactions.

Types of Crypto Hardware Wallets

Crypto hardware wallets come in various forms, including USB drives, smart cards, and other forms of hardware. USB-based wallets are among the most popular types of hardware wallets, offering high level of security while being easy to use. Smart cards are another highly secure and portable hardware wallets, making them ideal for travelers. Other hardware wallets include mobile devices, paper wallets, and even brain wallets that rely on users’ memory.

Key Factors to Consider When Choosing a Crypto Hardware Wallet

When choosing a crypto hardware wallet, several factors should be considered. These factors include:

  • Security Measures
  • Compatibility with Platforms and Devices
  • Usability
  • Transaction Fees
  • Support and Resources
  • Currency Support
  • Design and Interface

Users should also look for wallets that offer two-factor authentication and support multi-signature transactions for added security.

Recent Advances and Trends in Crypto Wallet Technology

Recent advances in crypto wallet technology have focused on improving security and usability. One trend is using biometric authentication, such as fingerprint or facial recognition, to replace passwords. Another is the development of decentralized wallets that allow users to retain control over their private keys while providing seamless integration with decentralized finance (DeFi) protocols.

DeFi caters to a diverse group of users. Forbes reports that DeFi provides much-needed financial services for the 2 billion unbanked individuals worldwide. Others find it convenient as transactions settle much faster, taking only seconds or minutes compared to days for traditional banking systems.

Furthermore, using DeFi eliminates the need to involve a bank when sending or borrowing funds. Some users prefer self-custodied digital assets on a blockchain, due to their peer-to-peer operation, providing unrestricted access without limitations imposed by banks or national capital controls.

Future Outlook for Crypto Wallets: Opportunities and Challenges

The future of crypto wallets seems bright, with the increasing adoption of cryptocurrencies and the emergence of new DeFi protocols. However, there are also challenges to overcome, including the need for greater interoperability between different blockchains and wallets and better user education to ensure that users understand the importance of securing their private keys. 

The involvement of giant corporations such as International Business Machines Corporation (NYSE:IBM), Microsoft Corporation (NASDAQ:MSFT) and PayPal Holdings, Inc. (NASDAQ:PYPL), within the cryptocurrency industry can contribute to a promising future outlook for digital asset security, as they have been exploring ways to leverage blockchain and cryptocurrency technologies in their businesses.

International Business Machines Corporation (NYSE:IBM) has created the IBM Blockchain platform, which allows businesses to construct and launch blockchain networks, applications, and smart contracts. Moreover, International Business Machines Corporation (NYSE:IBM) has contributed to various blockchain-based initiatives, including supply chain management, identity verification, and digital asset management.

Microsoft Corporation (NASDAQ:MSFT) has been exploring various ways to leverage blockchain and cryptocurrency technologies to improve its products and services, and support the crypto industry’s growth. Some of Microsoft Corporation (NASDAQ:MSFT)’s initiatives include developing blockchain-based solutions using its Azure cloud platform, and a built-in crypto wallet is reportedly being tested by Microsoft Edge, as reported by CryptoSlate.

PayPal Holdings, Inc. (NASDAQ:PYPL) has recently entered the cryptocurrency market by allowing its customers to buy, hold, and sell cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash directly through their accounts. So, users can now use their PayPal Holdings, Inc. (NASDAQ:PYPL) balance to purchase cryptocurrency and use it to purchase from the millions of merchants that accept them.

As several mega-corporations are contributing to the growth and adoption of cryptocurrencies and blockchain technology, a positive impact is expected for crypto security and various industries in the future.

Let’s now move to the 10 best crypto hardware wallets in 2023.

Pixabay/Public Domain

Methodology

Our methodology for identifying the best crypto hardware wallets in 2023 considers factors such as security, user-friendliness, multi-currency support, cost-effectiveness, and durability, based on user preferences for advanced features like offline storage, clear instructions, and intuitive interface.

We considered feedback from users on social media platforms, including Reddit and Quora, and reviews from reputable sources like Investopedia, Forbes, CadaNews, and Finder. These sources have identified Ledger as a popular choice, and our evaluation process is based on the factors and reviews outlined from these reliable sources.

10. NGRAVE ZERO

NGRAVE ZERO is a secure cold wallet with QR codes for transaction signing. The device operates without external connectivity, which enhances its security against digital attacks. To sign transactions, users must scan QR codes generated by the NGRAVE Liquid app. The wallet also features biometric security, incorporating a fingerprint scanner.

Apart from its high-end security features, the NGRAVE ZERO boasts a large 4-inch touchscreen, which provides a user-friendly interface. The wallet supports 13 blockchain networks, making it versatile and accommodating to different cryptocurrencies.

9. SecuX V20

The SecuX V20 is one of the best crypto hardware wallets in 2023. It is a secure device with a 2.8″ touchscreen interface, a Secure Element chip, and a single USB port. SecuX V20 offers cross-platform support and is compatible with various operating systems and devices.

The device has many advantages, such as supporting multiple signatures and passphrases, encrypted bluetooth support, and compatibility with all major desktop and mobile platforms.

8. Cool Wallet Pro

The CoolWallet Pro is a top-tier hardware wallet that offers an array of impressive features. This device lets users conveniently track, view, and exchange their cryptocurrency from a cold storage wallet. The device also supports in-app NFT trading functions and allows users to earn rewards.

The ability to stake your cryptocurrency is one of the standout features of this device, making it one of the best hardware wallets for staking. CoolWallet Pro boasts a compact and portable design which resembles a credit card, making it easy to carry around. The device is waterproof and heat-resistant, ensuring your cryptocurrency is always safe and secure.

7. BitBox02

The BitBox02 is a premium hardware wallet made in Switzerland, designed to support a wide range of devices such as Windows, Linux, and Mac, as well as Android devices using a USB-C connector. With support for Bitcoin, Litecoin, Ethereum, and all ERC20 tokens, this device looks and operates like a USB device, eliminating the need for additional equipment.

While backup with a recovery phrase is possible, the BitBox02 comes with a microSD card for instant backup and recovery, making it incredibly convenient for users. Moreover, the device boasts a dual-chip design, offering an extremely high level of security.

6. KeepKey

The KeepKey hardware wallet stands out for its convenient user interface, which features a big screen and a tactile button on the device’s top. While incorporating a touch screen would be an excellent addition, the current large display makes confirming transactions effortless.

One advantage of the KeepKey wallet is that it lacks an operating system, making it impervious to malware and viruses. The device generates a 12-word code that can recover lost or stolen Bitcoin. It supports over 2,534 assets, which may make it an attractive option for investors content with a basic feature set.

Click to continue reading and see the 5 Best Crypto Hardware Wallets in 2023.

Suggested Articles:

Disclosure: none. 10 Best Crypto Hardware Wallets In 2023 is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

 

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!