Best Crypto Wallets Of April 2024

After testing and reviewing, one by one, the best crypto wallets, it's now time to assess and rank them using our proprietary measure, the blockdyor Score. This unique metric provides a comprehensive evaluation of each wallet's security features and functionalities.

In this evaluation, our focus will be just on hardware wallets (also called: signing devices). These physical devices safeguard the private keys of your cryptocurrencies, such as Bitcoin, ensuring their security by storing the private keys in "cold storage", which means basically offline. This is crucial because possession of the private key grants control over the associated funds, making it imperative for a hardware wallet to be impregnable to anyone other than its owner, even in the event of theft.

While individual preferences vary, whether prioritizing affordability, user-friendliness, or opting for an air-gapped solution, our rankings will prioritize security aspects. This is particularly vital considering that users may store anything from a few thousand dollars to millions or even billions in cryptocurrency value. As such, we will prioritize key security features such as open-source transparency, firmware reproducibility, secure elements, among others outlined in the blockdyor Score.

The Best Cryptocurrency Wallets For April 2024

The list below comprises all hardware wallets that we've rigorously tested firsthand, meticulously evaluating each aspect to provide ratings based on our proprietary blockdyor Score. The list it's arranged from best to worst, with higher ratings indicating superior performance.

1. 🥇 BitBox02
2. 🥈 Blockstream Jade
3. 🥉 Coldcard MK4
4. 🎖️ Trezor Safe 3
5. 🎖️ Satodime
6. 🎖️ Trezor Model T
7. 🎖️ Cypherock X1
8. 🎖️ Trezor One
9. 🎖️ OneKey Classic
10. 🎖️ Satscard
11. 🎖️ Tapsigner
12. 🎖️ Ledger Nano S

Let's take a closer look at each of these crypto wallets. Learn more by reading the full review at the end of each section or click the secure link to secure the device you're interested in. Keep an eye out for any discount codes available.

BitBox02

Key Specs

Why We Chose It

The BitBox02, made in Switzerland, offers two variants: a Bitcoin-exclusive option and an altcoin version (Litecoin, Cardano, Ethereum, Chainlink, BAT and 1500+ ERC20 tokens). Renowned for its extensive open-source nature, both in hardware and software, it features a firmware that is entirely reproducible. While its vendor wallet (the BitBoxApp) provides straightforward usability, so it's great for beginners, it's also suitable for more experienced users with support for advanced configurations.

While priced at a medium to high range, its sturdy build quality is commendable. Additionally, it comes bundled with high-quality microSD and other essential accessories, making it a comprehensive solution for cold storage of Bitcoin or Altcoins without the need for additional purchases.

Pros & Cons

Full Review

BitBox02 Review 2024: The Best Open Source Wallet?

Launched in 2019, the BitBox02 has a reputation as a top-tier solution, a balance between robust security and user-friendly functionality. This review delves into these claims, providing insights to help you determine if it’s the ideal hardware wallet for your needs.

blockdyorAndrea Carnimeo

👉 Click here to get the BitBox02. Use code BLOCKDYOR to get 5% off at checkout.

Blockstream Jade

Key Specs

Why We Chose It

The Jade, made by the Canadian brand Blockstream, undoubtedly offers the highest value for money among hardware wallets. Despite its fraction of the price compared to others, it surpasses expectations while maintaining open-source integrity and air-gapped capabilities.

It's crucial to emphasize that Jade is exclusively designed for Bitcoin, foregoing support for altcoins. However, it compensates by accommodating Liquid Assets like Liquid Bitcoin (L-BTC), Liquid USDt, and numerous others. This specialization in Bitcoin and it's most used sidechain (the Liquid Network) ensures focused functionality and optimized performance for Bitcoin enthusiasts. With its affordability and robust features, the Jade stands as a compelling choice for those seeking efficient and cost-effective Bitcoin storage solutions.

Pros & Cons

Full Review

Blockstream Jade Review 2024: A Safe Bitcoin Wallet

The Blockstream Jade has continuously evolved, adding more functionalities, positioning itself as a top hardware wallet choice. It’s likely considered the best for Bitcoin cold storage. In this review, we thoroughly analyze its features. Keep reading to learn more.

blockdyorAndrea Carnimeo

👉 Click here to get the Blockstream Jade. Use code BLOCKDYOR at checkout for an exclusive 10% discount.

Coldcard MK4

Key Specs

Why We Chose It

Coinkite, a Canadian company renowned for its Bitcoin-exclusive hardware wallets, is the manufacturer of the Coldcard Mk4, now in its fourth iteration, revered as the go-to choice for cold storage by many seasoned Bitcoin enthusiasts.

The Coldcard distinguishes itself with advanced features like the integrated dice roll interface, air-gapped functionality, and its insistence on third-party vendor usage, a strategic move aimed at minimizing potential attack vectors. While the Coldcard may appear daunting to newcomers initially, Coinkite's comprehensive documentation available on their website ensures a smooth learning curve from scratch without any hindrance.

Pro & Cons

Full Review

COLDCARD Mk4 Review 2024: The Ultimate Bitcoin Wallet?

In this review, we’ll take a closer look at the COLDCARD Mk4 - an ultra-secure hardware wallet designed exclusively for Bitcoin. We’ll examine its features, security measures, and pricing to determine whether it deserves the title of the best Bitcoin hardware wallet on the market.

blockdyorAndrea Carnimeo

👉 To get the COLDCARD Mk4 for a special price on the Coinkite's official website, click here.

Trezor Safe 3

Key Specs

Why We Chose It

The Safe 3, Trezor's latest iteration, represents an evolution from their original hardware wallet, the Trezor One. Renowned for its user-friendly interface, it seamlessly integrates with the Trezor Suite, enabling effortless management of various cryptocurrencies beyond Bitcoin.

Offering affordability and versatility, the Safe 3 is suitable to both novice and advanced users. It supports single-signature backup as well as advanced solutions like Shamir Secret Sharing, enhancing security for those seeking more robust protection for their assets. With its wide range of features and accessible interface, the Safe 3 stands as a good choice for users looking for a reliable and versatile hardware wallet solution.

Pros & Cons

Full Review

Trezor Safe 3 Review 2024: Now With A Secure Element

In this review we test the Trezor Safe 3, that after 10 years released a successor to the original hardware wallet. Thanks to the EAL6+ certified Secure Element it’s a big upgrade, but is it worth the price?

blockdyorAndrea Carnimeo

👉 Get the Trezor Safe 3 from the official website. Use code BLOCKDYOR at checkout for a 10% discount..

Satodime

Key Specs

Why We Chose It

Satodime by Satochip offers a unique solution for self-custody or even gifting Bitcoin and other cryptocurrencies, bridging the physical and digital worlds seamlessly. With its bearer token concept, it simplifies peer-to-peer trades and eliminates the need for KYC, ensuring user privacy.

The card's NFC technology allows for easy balance checks and secure transactions, making it an ideal choice for both beginners and experienced users alike. Additionally, its commitment to free software and robust security features, including a secure element chip, instills confidence in its reliability and safety.

Pros & Cons

👉 Click here to get the Satodime for a special price on the official Satochip website. Use code BLOCKDYOR to get a 5% off at checkout.

Trezor Model T

Key Specs

Why We Chose It

The premier offering from Czech-based Trezor, this hardware wallet boasts a vibrant color display and intuitive touchscreen functionality. Positioned at the pinnacle of the company's product lineup, it's an ideal choice for enthusiasts who prefer touchscreens and prioritize reliability.

Engineered to safeguard Bitcoin and a vast array of altcoins (over 8500), the Model T excels with its user-friendly interface and comprehensive privacy features. Whether you're drawn to its seamless coinjoin and shamir capabilities or simply seek a dependable hardware wallet, the Model T delivers a compelling solution for secure cryptocurrency storage.

Pros & Cons

Full Review

Trezor Model T Review 2024: The Best Wallet Ever?

Is it possible to perfect something that’s already flawless? SatoshiLabs has risen to the challenge with their latest hardware wallet. Storing Bitcoin (and altcoins) securely is no easy feat, but the Trezor Model T has exceeded the expectations.

blockdyoradmin

👉 Click here to get the Trezor Model T from the official Trezor website. Apply code BLOCKDYOR during checkout for an exclusive 10% discount.

Cypherock X1

Key Specs

Why We Chose It

The Cypherock X1 stands out from other hardware wallets by implementing solely the Shamir Secret Sharing. This crypto hardware wallet is designed to securely store not only Bitcoin but also over 1000 other types of alternative cryptocurrencies. Instead of storing private keys in a single location, the Cypherock X1 distributes them across multiple NFC cards, enhancing security.

This approach minimizes the risk of loss or theft, as even if a user loses access to one card, their cryptocurrency remains protected on the others (the threshold for retrieving the funds requires 2 out of 5 shares). Unlike conventional wallets, which rely on a single point of failure for key storage, the Cypherock X1 offers users peace of mind by safeguarding their assets with distributed private key shards.

Pros & Cons

Full Review

Cypherock X1 Review: A Shamir’s Secret Sharing Crypto Wallet

In this comprehensive Cypherock X1 review, we’ll delve into the features and functionality of this unique hardware wallet. Unlike its well-known counterparts, the Cypherock X1 caters not only to Bitcoin but also supports a vast array of over 1000 cryptocurrencies.

blockdyorAndrea Carnimeo

👉 Click here to get the Cypherock X1 for a special price! Use coupon code BLOCKDYOR10 to get a 10% discount at checkout.

Trezor One

Key Specs

Why We Chose It

The original hardware wallet from Trezor, the Trezor One, has been in existence for over a decade. Despite its age, it remains available for purchase on the Trezor store and works seamlessly with the Trezor Suite as well as third-party applications. Supporting Bitcoin, Ethereum, and a range of ERC-20 tokens, the Trezor One prioritizes security while being entirely open-source.

Managing your assets is straightforward: connect the Trezor to your computer and access the Trezor Suite App. Weighing merely 12 grams and compact in size, it can be conveniently carried on a keychain or stored in your pocket. With its affordable price point, the Trezor One continues to be hailed as one of the most easy to use and cost-effective hardware wallets on the market, offering excellent value for money.

Pros & Cons

Full Review

Trezor One Review 2024: Is It Still The Best Wallet?

The Trezor One, designed to securely store and manage cryptocurrency assets, is a small, portable, and affordable hardware wallet. In this review, we will evaluate its continued relevance in today’s market and determine whether it is still worth purchasing.

blockdyorKate Porter

👉 Click here to get the Trezor One from the official Trezor website. Apply code BLOCKDYOR during checkout for an exclusive 10% discount.

OneKey Classic

Key Specs

Why We Chose It

The OneKey Classic stands out as an open-source, compact, and highly portable cryptocurrency wallet capable of storing Bitcoin alongside a diverse array of altcoins. Emphasizing simplicity in its design, this wallet features an OLED display, four buttons, and a USB Type-C port for secure computer connectivity, ensuring that your private keys remain on your device at all times.

A notable highlight of the OneKey Classic is its remarkable thinness, measuring a mere 3mm in thickness. This feature positions it as arguably the thinnest crypto hardware wallet globally, excluding NFC cards. Despite its super-thin profile, it includes an internal battery, enabling users to seamlessly interact wirelessly with various wallets. This combination of sleek design and functional features makes the OneKey Classic a compelling choice for users seeking both convenience and security in managing their digital assets.

Pros & Cons

Full Review

OneKey Classic Review 2024: A Simple And Complete Hardware Wallet

This review explores the OneKey Classic, a versatile hardware wallet compatible with Bitcoin, 5000+ altcoins, and NFTs. Featuring a built-in battery and Bluetooth connectivity, it’s user-friendly and adaptable for on-the-go cryptocurrency management.

blockdyorAndrea Carnimeo

👉 To order the OneKey Classic from the OneKey official website, click here.

Tapsigner

Key Specs

Why We Chose It

Tapsigner is a NFC card developed by the canadian bitcoin company Coinkite that aims to simplify self custody of Bitcoin with a simple and portable card that host the private key inside of it and you can spend and receive funds by simply tapping it with the integrated NFC to a third party vendor app like Nunchuck.

It also support multisig configurations, so you can use it for more advanced setups such as collaborative custody, unlocking more possibilities.

Pros & Cons

Full Review

TAPSIGNER Review 2024: Easiest Bitcoin Cold Storage?

As your Bitcoin stack continues to grow, the significance of high security measures becomes paramount. Recognizing this growing need, Coinkite, a company renowned for its rapid and innovative product releases, has unveiled Tapsigner.

blockdyorAndrea Carnimeo

👉 To get the Tapsigner for a special price on Coinkite's official website, click here.

Satscard

Key Specs

Why We Chose It

The Satscard it's a great revolution in the Bitcoin Hardware Wallet industry, as it provides a physical and tangible form of Bitcoin, similar to cash in hand. This makes it easier to understand and use, especially for those who are not familiar with digital currencies.

With a quite low price point, it's a great solution for starters. It's basically a card, that has a private key inside of it and a receiving address. You can pair with software wallets like Nunchuck to sweep the funds, but it's best used to pass it along just as cash in hand, even without using the blockchain.

Pros & Cons

Full Review

SATSCARD Review 2024: Spend or Gift Bitcoin Like Cash In Hand

The SATSCARD offers a fantastic alternative to hardware wallets, providing an uncomplicated and user-friendly experience for receiving, storing, and spending Bitcoin.

blockdyorAndrea Carnimeo

👉 To get the SATSCARD for a special price on Coinkite's official website, click here.

Ledger Nano S Plus

Key Specs

The Ledger Nano S Plus stands out as one of the most popular crypto hardware wallets on the market. Renowned for its robust build quality, it offers support for a wide range of cryptocurrencies.

Operating with simplicity and consistency, the Ledger Nano S Plus is deliberately crafted to be user-friendly, catering especially to beginners in the crypto space. However, compared to some other hardware wallets, it's not open source and it does lack certain advanced features such as an entropy generator with dice or a native air-gapped mode. Despite these limitations, its solid construction and ease of use make it a preferred choice for many seeking reliable and straightforward cryptocurrency storage.

Pros & Cons

Full Review

Ledger Nano S Plus Review 2024: Is It Still The King?

The challenge faced by the Ledger Nano S Plus is formidable, considering its predecessor’s status as the world’s most widely bought hardware wallet. Can it maintain its position as the reigning champion? This review will assess its capabilities.

blockdyorAndrea Carnimeo

👉 Click here to buy the Ledger Nano S Plus for a special price.

What Is A Crypto Wallet?

A crypto wallet, whether hardware or software-based, works as a safe place for your private keys, enabling you to cryptographically authorize transactions and manage your cryptocurrency. Here's what it typically does:

• Safely stores your private keys, essential for signing transactions
• Provides receiving addresses for funds deposition
• Create transactions and broadcasting them within the network

While software wallets are widely used, hardware wallets offer advanced security features, as highlighted in our review of leading hardware wallet options.

Contrary to common perception, wallets do not actually "hold" cryptocurrencies. The term "wallet" is more of a user-friendly abstraction. In reality, a crypto wallet stores private keys, granting access to cryptocurrencies secured within the network. For instance, Bitcoin resides on the Bitcoin Network, and your wallet safeguards the private keys required to spend those coins.

Private and Public Keys

Private keys, which are basically lengthy cryptographic codes, serve as access keys to your cryptocurrencies. Instead of memorizing them, wallets often generate a mnemonic sentence, typically comprising 12 or 24 words, known as a seed phrase. This phrase, distinct (but obtained) from the private key, acts as a backup.

Your wallet employs the private key to generate a public key, which works as your cryptocurrency public address. The address is derived from the public key through one-way cryptographic hashing, ensuring secure transactions.

In essence:

• Others use your public key-derived receiving address to send cryptocurrencies
• You use your private key to spend them
• The seed phrase, originating from your private key, serves as a backup and typically consists of 12 or 24 words stored offline

It's crucial to safeguard your private key and seed phrase, as they are confidential. While sharing your public key is safe, disclosing your private keys or seed phrase could result in fund theft.

Public And Private Keys: What Are They And How Do They Work?

In this article I will explain why public and private keys play such a vital role in Bitcoin (and other crypto). In fact, they enable direct transactions without the need for intermediaries or third-party verification. These keys are an integral part of the public-key cryptography system.

blockdyorKate Porter

Do You Need a Crypto Wallet?

If you are looking to own real cryptocurrencies, such as Bitcoin, a wallet is essential. While investment banks offer alternatives like the Spot Bitcoin ETFs, these are essentially IOUs and lack the authenticity of true cryptocurrencies like bitcoin: a true bearer asset. Additionally, banks and exchanges are susceptible to bankruptcy, so act accordingly.

Getting a crypto wallet doesn't always require spending money; you can begin with a software wallet for basic transactions. Bitcoin Core for example, is a great way to start with self-custody bitcoin.

However, for substantial cryptocurrency holdings, enhancing security with a crypto hardware wallet, like those outlined in our recommendations, is recommended. With a hardware wallet, your private key remains secure within the device, shielded from online threats within a secure element chip (in most wallet models).

Custodial vs Non-Custodial Wallets

Understanding the nature of your wallet is crucial as it dictates your level of self-sovereignty over your assets. Wallets generally fall into two categories:

1. Custodial Wallets: These wallets entrust a third party with the custody of your private keys. Most commonly seen in exchanges, custodial wallets involve the exchange holding the private keys of users' cryptocurrencies, typically backed by a 1:1 reserve.
2. Non-Custodial Wallets: In contrast, non-custodial wallets, such as the one evaluated on this guide, empower users to retain control over their private keys independently. This setup grants users full authority over their cryptocurrency holdings.

Though not explicitly outlined in the Bitcoin Whitepaper, a good way for managing a cryptocurrency like Bitcoin is to personally hold your private keys. Despite advancements like collaborative custody which streamline self-custody and mitigate risks of irreversible loss, non-custodial wallets entail greater complexity compared to custodial options. With non-custodial wallets, users bear the responsibility of safeguarding their devices and backups. However, diligent management ensures minimal risk of fund loss as users exclusively control their private keys, eliminating the need to place trust in third parties.

While custodial solutions may find utility in certain contexts, such as institutional ETF issuers like BlackRock using custodians like Coinbase, reliance on third parties poses inherent security vulnerabilities. Custodial wallets expose users to risks such as bankruptcy or hacking of the custodian, potentially leading to loss of access to funds. Additionally, third-party custodians often enforce periodic identity verification (KYC), which can impede the fluidity of fund transfers due to verification delays and approval processes.

Types Of Crypto Wallets

There are several types of crypto wallets. At the forefront are hardware wallets, offering self-custody where you control the private keys. As you descend the list, wallet security decreases due to constant internet connectivity (making them more susceptible to hacking) or because they are custodial, meaning you don't hold the keys.

1. Cold Wallets: Have hardware protection, highly secure against hacking.
2. Multisig Wallets: Require multiple keys for transactions, offering an even more advanced security.
3. Mobile Wallets: Can be custodial or non-custodial, offering varying security levels. E.g: Blue Wallet.
4. Desktop Wallets: Available for desktop computers, varying in security levels. E.g: Bitcoin Knots, Blockstream Green, Sparrow Wallet.
5. Browser Extension Wallets: Lack hardware protection, vulnerable to hacking. E.g: MetaMask.
6. Exchange/Web Wallets: Often custodial, risky for storing substantial funds. E.g: Coinbase, Kraken, Bitfinex.
7. Hot Wallets: Accessed online, more prone to hacking. Not ideal for significant funds. E.g: Robinhood, Coinbase Wallet, Revolut.

Things To Consider When Choosing A Crypto Wallet

While it may seem that all hardware wallets are equal, there are numerous nuances to consider. This is why we meticulously rated each one against our blockdyor Score to objectively determine their quality.

1. Open Source: The software of the hardware wallet should ideally be open source or at least viewable, with FOSS (Free and Open Source Software) preferred for its enhanced freedom. Also, the open source software benefits from more eyes on the code, making it more secure and trustworthy compared to closed source alternatives.
2. Verifiable Code: It's crucial to be able to verify the authenticity of the software binaries and PGP key signature provided by following the instructions on the website. This ensures that the downloaded software is genuine and hasn't been tampered with.
3. Entropy Sources: A higher number of entropy sources during seed generation leads to increased randomness in the private key generation process. Wallets with 2-3 or more sources of randomness are preferred, with the option to manually add entropy, such as through dice rolls, being an additional benefit.
4. Secure Element: A secure element chip inside the hardware wallet encrypts the private key on the processor, providing protection against digital and physical attacks, enhancing security and peace of mind.
5. Air-gapped: Advanced users may prefer the option to keep the hardware wallet completely disconnected from the internet or any other device, known as an air-gapped configuration, for maximum security.
6. 3rd Party Vendors: The hardware wallet manufacturer should support the use of third-party software wallets like Sparrow Wallet or Blockstream Green. This reduces the risk of coordinated attacks and provides flexibility for users to utilize their preferred software wallet with all its features.
7. Backup: Hardware wallets should adhere to interoperable standards for private key backup, such as BIP39 (Hierarchical Deterministic Wallet), ensuring compatibility and ease of migration to different hardware vendors if necessary. This let users have control over their assets even in unforeseen circumstances.

Bottom Line

Self-custody is crucial for protecting yourself from theft and the risk of crypto exchange bankruptcies. Using a hardware wallet represents an act of self-sovereignty, allowing you to have full control over your Bitcoin or other altcoins as bearer assets, independent of exchanges.

While numerous hardware wallets exist, there isn't a single best option for everyone. Preferences vary; some prioritize ease of use, while others seek airgapped functionality or open-source design. However, our curated list includes options catering to diverse needs, representing what we consider the best crypto wallets currently available on the market.

Frequently Asked Questions (FAQ)