Discovering - how to keep your crypto safe and secure using Ethereum hardware wallets?
Well, there is no doubt to say that Ethereum (ETH) has become the second-largest cryptocurrency after Bitcoin. And due to this surged demand in the market, several investors are flocking to Ethereum. Investing in ETH projects is profitable if you do it correctly and keep your crypto safe. And this is only possible with an Ethereum Hardware Wallet.
While making a transaction online using crypto exchanges through the Internet, various threats start emerging like getting hacked or losing all your money. But, hardware wallets are totally safe. These devices are encrypted devices, which can store all the crypto assets offline. Ethereum hardware wallets feature multiple layers of protection like seed phrases, passwords, PINs, and multi-signature key management services.
So, if you're interested in investing in Ethereum, you have to keep your crypto coins safe and secure from hackers and variant threats. The sheer number and variety of options are available in the market. But, their misleading advertisements and a lack of reliable information can cost you high.
Thus, you need to choose a secure hardware wallet that adds more advantages to your pocket.
Here, we bring a list of the top 5 Ethereum hardware wallets.
So, let's have a look at the following.
Table of Content
Best Ethereum Hardware Wallet
Trezor One
Ledger Nano S
Ledger Nano X
Exodus
KeepKey
Bottom Line
Best Ethereum Hardware Wallet
Trezor One
Trezor is one of the oldest hardware wallets. In terms of security, Trezor is counted as a more secure and reliable device for storing your crypto assets offline. Its advanced PIN code never leaves the wallet and ensures that brute-force entering is prohibited. Whenever you enter the PIN code incorrectly, it increases the waiting time by a power of two. For example, it'll take 17 years to make the 30 attempts.
But, when you enter the correct wallet into your computer, it'll ask about entering the PIN number. Trezor generated a random PIN code every time and it'll display one when you connect it to the computer. After entering the PIN, you have to enter the passphrase, which only you know. Trezor provides shelter to multiple cryptocurrencies (more than 1000) like Litecoin, Ethereum, Bitcoin, Dash, Ethereum Classic, etc.
Ledger Nano S
Ledger Nano S is a hardware wallet that lets your store all your private keys, crypto assets, and other private information in a physical device. It works offline and can store the information securely on the device. The OS of Ledger Nano S is BOLOS, which integrates into a secure chip. This one of the most popular hardware wallets is key to storing information at a high-security level without the risk of hacking. The main highlights of this wallet are its security as the device doesn't have a risk of hacking or technical loss.
When you connect your device to the computer, it'll ask for the PIN code. In addition, it also provides a recovery sheet that you'd have to keep safe in case if you forget your PIN. Ledger Nano S supports over 1000 cryptocurrencies and some of the popular ones are Bitcoin, Litecoin, Ethereum, Dash, and etc. Carrying the device is easy and usually doesn't require any technical proficiency to use this device.
Ledger Nano X
Ledger Nano X is one of the most modern ETH hardware. These devices don't only provide support for Ethereum coins but also keep other cryptocurrencies safe. Due to its convenient design and all-round functionality, Ledger Nano X has gained powerful momentum across the world.
It supports a huge variety of coins and tokens. The device has a bright interactive OLED HD display that makes it simple to see exactly what you're doing. You can even manage your ETH coins with the Live mobile app via Bluetooth. If your device is damaged or broken, you can restore the funds using the recovery sheet.
Exodus
Exodus is the world's first multi-cryptocurrency desktop wallet. The device has an attractive UI. When you connect the device with the computer, you'll see a pie chart, where you can see your entire portfolio of coins. The device now supports 100 cryptocurrencies, including Ethereum.
This is the first desktop wallet designed for exchanging cryptocurrencies. While using Exodus, one needs to stay connected to the internet. Its security features include backup seed and one-click email recovery for restoring your wallet. Sourcing liquidity from multiple comrades has made trading in Exodus more reliable and more secure.
KeepKey
KeepKey is another alternative for keeping our data secure online. Its elegant design allows users to safely trade their cryptocurrencies directly from their devices. The device is cooperative with operating systems like Windows, Linux, and Mac.
It has a large digital screen that gives transparency to send and receive digital assets. The device makes transactions possible due to its intuitive screen. It will approve all the transactions when you press a physical button on the device. The device has a PIN protection feature against unauthorized use. KeepKey integrates additional passphrase protections. It allows you to formulate and monitor limitless wallet addresses on one device.
Bottom Line
There is no doubt to say that the crypto sector has grown rapidly over the last few years. But despite this, the main priority is to keep all your cryptocurrency and assets safe and protected from unauthorized users. This is where hardware wallets are still gaining a unique platform across the world. These wallets are the best way to keep the cryptocurrency out of the hands of hackers and other scammers.
So, pick the reputable Ethereum wallet and you'll surely gain high security on your Ethereum cryptocurrencies.
