Choosing the most trusted cryptocurrency wallet to store your assets is vitally important to the future success of your crypto journey. From storing crypto tokens securely to selling NFTs, the best wallets can help you meet your goals. In this guide, I ranked and reviewed the 5 best crypto wallets for security, these are my top 5 choices so that you can pick the best one for you.
Choosing secure and trusted cryptocurrency wallets can be difficult, as there are 100+ options to choose from. Before choosing a wallet you should know how hardware wallets actually work and how they keep you safe.
When choosing the right wallet to store your assets consider price, reliability, technical support, security, the company’s track record, features, ease of use, UI design, and more.
The most trusted cryptocurrency wallets:
- Ledger Nano X
- Trezor Model T
- Trezor one
- Gridplus Lattice 1
- Guarda Wallet
What is the Most Trusted Cryptocurrency Wallet?
Using a trusted and secure crypto wallet is a quick and easy way to build confidence in the safety of your crypto assets. The best wallets not only secure your assets but also simplify your asset management by combining ease of use, excellent support, and app design into one platform.
If you’re not too savvy with crypto and blockchain technology, you’ll want to go with an easy-to-use wallet that’s not complicated.
The choice is up to you.
Now, let’s dig a little deeper into each one of these trusted cryptocurrency wallets to help you decide which one would fit you best.
Ledger Nano X
In nearly every conversation by the cryptocurrency community about the best hardware wallets, the Ledger Nano X frequently comes up. With the success of the Nano X’s predecessor the Nano S, Ledger has made a variety of improvements and additions to continue over-delivering on value.
One of my favorite upgrades that were made for the Nano X is Bluetooth capability with a built-in battery for wireless functionality. The addition of Bluetooth functionality opens up a world of possibilities for Crypto users because it allows for mobile support. That means that instead of always having to go to my desktop to check out my balance or make a transaction I can now simply do it from my mobile device.
If that wasn’t enough, the device also has an upgraded screen, improved security features, and better usability. In terms of storage ability Ledger upgraded the internal hard drive so you can fit over 100 different cryptocurrencies like Bitcoin, Ethereum, Litecoin, Cardano, Dogecoin, and a plethora of others.
The only thing that may be considered a Con to some buyers of the Nano X is the price. It is more expensive than some other wallets, which may be a lot for a new crypto user to invest. However, most of the time there are discounts available you can access and if you’re serious about crypto, it’s a relatively small price to pay for one of the best hardware wallets in the world.
Some key features:
- Supports more than 1,800 coins and tokens.
- It can be connected to Android and iOS mobile devices via Bluetooth.
- It is sturdy and portable with a small LED screen.
- High-end wallet with top-tier security
- Supports all major desktop and mobile operating systems
- Ledger has developed their own operating system
- Certified secure chip (CC EAL5+)
Trezor Model T
With the recent release of Trezor’s Trezor Suite, which replaced the company’s Wallet Web app, there is even more reason for users to switch to this popular wallet. Although Trezor has been around for quite some time, established back in 2011 as a subsidiary of Czech-based SatoshiLabs, they are always looking to innovate and expand their brand.
Trezor Suite which can also be accessed through the company’s website is designed to run natively on your desktop, which generally provides greater security than a web-based app. Trezor wallets currently support more than 1,600 coins and tokens, and you can make transactions directly in Trezor Suite with the company’s integrated exchange.
The Model T which is Trezor’s second-generation hardware wallet is priced reasonably compared to other wallets. It comes with similar features as the Ledger Nano X I spoke about above. Trezor’s software is completely open-source which in theory should add some additional protection. The theory behind it is that the code that powers the wallet is available for scrutiny, which means anyone can view the code and point out any shortcomings that may be present.
Although the Model T does not feature Bluetooth support many security advocates prefer it that way. Some believe that Bluetooth connectivity could open an avenue for hackers to exploit. It’s shaped like an old-school stopwatch and it comes with a touchscreen and a USB cable to connect to your computer. If you ever wanted to add encrypted storage directly to your hardware wallet then look no further than the Model T as it also features a microSD card integration.
Some key features:
- Network-isolated authentication
- Compatible with a number of software wallets
- Store cryptocurrency, passwords, and other keys with ease
- Excellent customer support
- Easily back up your entire wallet
- Reinforce your accounts with U2F
Trezor Model One
The Trezor Model One is designed to be used without risk. All you need is your own Trezor wallet and you can browse the crypto world without having to worry about viruses and keyloggers. With this cold wallet, you won’t need to do regular backups, read encryption manuals, print paper wallets, and make offline storage.
The Trezor model one reinforces your accounts with U2F. It can also serve as your U2F hardware token. Ordinary security tokens lack a display, meaning you can never be certain about what you approve. Trezor utilizes its Trusted Display to fully inform you about the authentication request before you approve it, by displaying the service you are logging in to.
The Trezor is CE and RoHS certified, meeting all quality, reliability, and environmental standards. In addition, the device is not affected by X-rays and is safe to take with you on an airplane.
This device currently supports all major computer operating systems including Windows (version 10 or newer), MacOS (version 10.11 and higher), and Linux. On mobile devices, Android is supported. iOS and Windows Phone are not (yet) supported. ChromeOS is not officially supported, but it should work via Google’s WebUSB.
Some key features:
- Bright OLED – 128×64 pixel screen
- CE and RoHS certified
- Excellent customer support
- Easily back up your entire wallet
- Reinforce your accounts with U2F
- Supports more than 1000 coins and tokens.
Gridplus Lattice 1
Secure and versatile in its usability, the Lattice1 enables the management of your crypto assets with a simple secure interface. This device offers a secure enclave, anti-tamper features, a secure screen, and the ability to smart contracts into human-readable markups so you are always in control of your keys.
You can pair this device with any supported software wallet to access your crypto from anywhere. Look up balances, send transactions, and easily switch between your Lattice1 and SafeCard wallets. With the purchase of this device, you get one SafeCard to get you started. However, you can buy additional SafeCard 2-packs to make multiple backups or create as many different wallets as you want!
For a full breakdown of this wallet check out the full review of the GridPlus Lattice 1.
All sensitive areas of the Lattice1 are enclosed in a wire mesh which is monitored continuously for continuity from the moment of provisioning to EOL. The wire mesh is composed of multiple circuits with 6mil (2x the thickness of a human hair) width and spacing.
The Laser Direct Structured (LDS) part is made by drawing the traces in three dimensions using a laser followed by an electroless plating process of Cu-Ni-Ag. If a circuit is ever broken by a hacker trying to tamper with the electronics the Lattice1 will detect the intrusion and securely destroy sensitive information. Users could then recover their funds using SafeCard backups.
Some key features:
- Multipoint Capacitive Touch Panel
- 5″ TFT Display
- CLDS Tamper Detection Mesh
- Integrated PCB Security Mesh
- Compressed Elastomer Intrusion Detection
- Extensible Storage and Swap Memory
- 64GB Internal Storage
Guarda Wallet
Guarda Wallet is not only user-friendly but also highly secure. The wallet allows users to buy, store, swap, and earn via staking a wide range of crypto assets. While this wallet provider is not as popular as some other providers on this list, Guarda Wallet has a solid reputation for security. Among all software wallet providers, Guarda is touted as checking the most security boxes.
Capable of accessing multiple platforms, this software wallet uses many access points such as a web interface, a Chrome browser extension, a desktop client, or a smartphone, enabling seamless cryptocurrency asset management for all types of users.
The wallet’s in-app purchase fees are a bit high for my liking, however, with the beginner-friendly and secure user experience that is offered some would say the fees are justifiable in an industry where security is of the utmost importance.
Some key features:
- Highly secure
- Supports 400k+ digital assets
- Supports 50+ blockchain networks
- Enables users to borrow, earn, and swap crypto
- Responsive customer service
- Face ID authentication for mobile
- Multi-signature wallets
Conclusion
When looking for a trusted cryptocurrency wallet, it’s essential to find a provider that has a strong and stable history, provides a high level of security and transparency, offers a range of crypto asset management features, and allows you to seamlessly trade crypto.
My research has concluded that there is a reason why some brands and wallets are popular in the crypto space. Crypto is a high-risk space and users tend to flock to the popular wallets since they are the most proven to be secure. However, wallets like the gridplus lattice 1 and Guarda may not be as popular but provide an undisputed level of security for your assets as well.