In this article, I will talk about the Best crypto hard wallet 2021.
The year 2021 will probably be the beginning of the change in world civilization to the era of digitalization, where many people have started using digital wallets to store money.
At this time cryptocurrency growth is massive, despite challenges from official government authorities regarding the use of cryptocurrencies.
There are crypto wallets themselves called hot wallets and hard wallets, where hard wallets are claimed to be safer than hot wallets. The reason is that a hard wallet is not connected to the internet, but is placed on hardware such as a flash drive.
What is the best crypto hard wallet 2021? Get in touch with this article.
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Wallet crypto explained
In the article, about cryptocurrency wallets, the explanation has been explained, here I will only quote the point.
A Crypto wallet is a medium, or device, or some kind of program to place private keys that are used by wallet owners to send or receive cryptocurrency.
The advantage of using a digital wallet is that even though you store large amounts of money, it does not burden the wallet, because digital wallets only contain numerical digits. Unlike the flat money wallet, saving millions of dollars is not enough using an ordinary wallet.
What are crypto wallet keys?
Quoting from Investopedia, the private key is a sophisticated form of cryptography that users use to access their crypto wallets.
So with a private key, users can open their wallets, so they know how many cryptocurrencies are in their wallets.
Imagine, then you have a safe-deposit box, but you do not have the key, or the key is lost, then you will have trouble opening the safe-deposit box.
The private key functions like that, so don’t let other people know the private key because it will be able to access your wallet, even if they are in another country.
What is a crypto wallet address?
You now understand what a private key is, it is the key to access your crypto wallet. To use a private key, you use your wallet ID, which is the address of your wallet to access it.
But how if you want to transfer or receive cryptocurrency? Yes, it uses a public key or what is called a wallet address.
A wallet address is a very confusing array of characters, so the easiest way to write a wallet address is to copy and paste.
So, for example, you get a salary in Bitcoin, for example, you have to send your wallet address to your boss. It can be a QR code or a unique address.
As soon as your boss finds out your wallet address, he will successfully send you an amount of Bitcoin as the amount of your salary.
How do crypto wallets work?
If the wallet address is the public key that is to send and receive crypto coins. Then how does a crypto wallet work like?
It may be a bit confusing, but it is simpler than you think, imagine you have a bank account, where you can access the account with the required password and ID.
After you enter your account, then you can manage your money to transfer or just want to know the amount of money in your account.
That’s more or less how a crypto wallet works, the private key is like a password to log in, then the wallet ID is like your username, then the wallet address is like your account number.
In fact, the cryptocurrency in your wallet is not actually in the wallet. But on the blockchain. And the transfer of some crypto from one wallet to another, via the network mechanism, requires the role of the miner in solving the complex mathematics of a transaction.
Is crypto wallet free?
In general, creating a crypto wallet is free, all you need to do is register to get a crypto wallet. To register requires a valid email address by creating a password, visit blockchain.com if you want to register a crypto wallet immediately.
You have to write down the password that you created yourself, and place it in a safe place, then just in case you forget or lose the password, also note the passphrase provided when registering. That will be a question when you want to recover a lost password.
Is crypto wallet safe?
Crypto wallets are actually created with multiple layers of security, it is recommended that wallet owners enable 2-factor authentication. This is to increase the security of the wallet when the first layer is broken there is still the second layer of security.
However, because cryptocurrencies have a high value, for example, Bitcoin, hackers will stop at nothing to find ways to commit theft.
Cases of crypto theft by hackers are still frequent, so choosing a crypto wallet is also an important priority for security.
Of the types of crypto wallets between mobile wallets, desktop wallets, and hard crypto wallets, the safest is the hard wallet. So it is advisable to choose a hard wallet especially if you store large amounts of crypto.
However, to use this hardware wallet you need a number of costs because it will be stored on a USB flash drive, you need to buy it.
If using a mobile wallet, it is better if only a small amount of money is saved, to anticipate risks, just the amount needed.
Secure your crypto wallet
Maybe you use several types of crypto wallets at once, these tips can minimize the risk of using a crypto wallet.
- Use a strong password with a mixture of numeric and uppercase characters. Don’t reuse passwords in many applications.
- Use only reputable wallet providers, whether brokers, exchanges, or mobile wallet apps.
- Make sure the address when logging in to your wallet is not a website phishing or mobile phishing.
- Be careful with transactions, make sure that there is no compromise that may cause the system to double transactions.
- Do not share private keys with either for any purpose, it is the security of your own money.
- Skip using a wallet hosted by the provider, so you follow them to store a private key on their server.
Do I need a crypto wallet?
Is a crypto wallet necessary? Of course, it will depend on your purposes, if you want to invest in a cryptocurrency, then you must have a crypto wallet to store your crypto.
But if you don’t want to trade or invest in cryptocurrency, there’s no need to create a crypto wallet. It may be safer to keep your money in the bank. But usually, an administration fee will be charged by the bank.
Currently, crypto asset trading has an increasing trading volume so the market capitalization increases over time.
Some forex brokers have added crypto accounts to their clients, such as TenkoFX also provides crypto accounts. If you are a forex trader and want to try crypto trading, it is best if you have a crypto wallet for deposits and withdrawals
How to have a crypto wallet?
When it comes to choosing a crypto wallet, please note that there are several wallet models that offer their own advantages.
According to Coinbase, in setting up crypto wallets, there are what are called Hosted wallets, non-custodial wallets, and hard wallets.
Hosted wallet
This is a wallet model in which third parties maintain user crypto on their platform. For example, you register on the Coinbase app, your crypto is stored on their servers. The advantage is that if you lose your private key or USB wallet, it’s not something to worry about, because a third party will help you.
The risk maybe if the third party is untrusted, or is exposed to a hacker attack that causes the loss of crypto on the third party’s platform.
How to have a hosted crypto wallet, the tips below may be of use to you.
- Choose a trusted platform.
- Then register an account, fill in the registration form, create a strong password, and then keep it safe.
- If you successfully create a hosted crypto wallet, then you can buy crypto, which will be stored in the hosted wallet.
Non-custodial wallet
This wallet model provides an advantage because you will control your wallet, more than that, it can also be used for various crypto activities, both yield farming, staking, lending, borrowing.
The security of your private key and wallet will depend on your own because you have full control over a non-custodian wallet. Examples of non-custodial wallets are Coinbase Wallet or MetaMask.
Hard wallet or hardware wallet
Hard wallets are the safest type, because users store their private keys offline, aka not connected to the internet. This requires a USB flash disk device to install them.
But because this costs money, retail users rarely use hard wallets where they can go as high as $ 100.
In general, hard wallets are the most secure compared to hosted wallets and non-custodial wallets. This is because the hard wallet is not connected to the internet, there is no way hackers will attack it.
The most common risks from a hard wallet are if you lose the device, or there is hardware damage that causes you to not be able to open the wallet software
What best crypto hard wallet 2021?
Given the threat of cryptocurrency theft, it is vulnerable to an increase, due to the growing growth of cryptocurrencies. Maybe you as one of the crypto players prefer to store your crypto assets with the most secure hard wallet.
According to Trezor’s blog, remote threats reached 66.30%, which is higher than physical threats.
Trezor blog
Two well-known hard wallet companies are Ledger and Trezor. But they are not the only companies that produce hardware wallets, there are other players such as Exodus, Electrum, and Mycelium.
Using a hardware wallet, you only need to plug the USB into your computer when making transactions. And pull it back when done, so you’ll keep it offline again.
What the Best Crypto Hard Wallet 2021?
Maybe currently Ledger is still the best company in developing hardware wallets. Since its launch in 2014, the company according to Blockgeeks has sold more than 1,000,000 units spread across 165 countries.
The products they have are the Ledger Nano X and Ledger Nano S. In addition, the company also sells wallet equipment, such as an OTG kit that functions as a cable connecting the wallet with a PC or Android smartphone.
Best crypto hard wallet 2021: Ledger Nano S
The design of the Ledger Nano S is very compact, it is a USB flash drive with a smart card weighing only 5.9 g and measuring 39 x 13 x 4mm.
There are color choices available, matte black, saffron yellow, flamingo pink, jade green, lagoon blue, and transparent.
Dalam paket pembelian ada beberapa macam perlengkapan, 1 kabel usb mikro, 1 Ledger nano S, keyring dan keychain, recover sheet, dan lanyard.
According to the official Ledger Nano website, it supports 1184 coins. Of course, the most important thing is a cryptocurrency which is popular. BTC, BCH, BNB,ADA, DASH,DOGE, EOS, ETH, ETC, LTC, XMR, XLM, USDT, TRX,ZEC etc.
So using this hard wallet will be free to choose the cryptocurrency to be stored.
Advantage crypto hard wallet Ledger Nano S
- Its slim shape is easy to carry anywhere.
- Using smart card technology with a secure chip.
- Supports multiple cryptocurrencies.
- Integrated with many wallet software.
- Affordable price around $ 59, maybe different sellers there is a price difference.
Disadvantage crypto hard wallet Ledger Nano S
- Recovery sheets made of paper, maybe stolen or damaged, resulting in loss of passphrases.
- Not open-source hardware.
Best crypto hard wallet 2021: Ledger Nano X
Ledger Nano X is a hard wallet in the form of a USB drive with a size of 72mm x 18.6mm x 11.75mm Weight: 34g.
When compared to the Ledger Nano S the hard wallet price is more expensive, the official price from the website is 559 RON or the equivalent of $ 133 at the current exchange rate.
This product is equipped with a 100mAh Lithium-ion battery, compatible with Windows 8+, macOS 10.10+, Linux, android 7, and IOS 9.
In the purchase package, there is 1 Ledger Nano X, 1 USB-C to USB-A cable, 1 getting started leaflet, 3 recovery sheets, and 1 keychain strap.
Supports more than thousands of cryptocurrencies, such as the Ledger Nano S, a popular cryptocurrency available, as well as an ERC-20 based token.
Advantage
- Simple setup.
- Supports thousands of cryptocurrencies including ERC-20 tokens.
- Using smart card technology with a secure chip.
- The recovery process can be done from the device without having to connect to a computer.
- Supports multitasking with multiple applications running simultaneously.
- Lightweight and sleek, easy to carry anywhere.
Disadvantage
- Bluetooth is not working as it should be.
- Recovery sheets can be replicated or stolen or damaged if not kept with care.
- Complicated user interface for beginners.
Best crypto hard wallet 2021: Trezor one
Trezor is another popular hardware wallet company, products from Trezor are Trezor one and Trezor model T. Products from Trezor can run on windows 10 macOS 10.11 and higher, Linux and Android OS.
Trezor one is the first generation product, available in white and black variants. It has an OLED screen with a size of 128×64 pixels. This screen is sufficient for writing six lines of text.
The dimensions are also slim at only 60mm x 30mm x 6mm with a weight of 12g. At an affordable price compared to the Ledger Nano, it sells for 48.76 EUR.
Advantage
- Support more than 1000 coins included popular coins.
- Simple to use.
- Generated random PIN code making more secure.
- Slim size can be taken anywhere.
Disadvantage
- Doesn’t support Ripple (XRP), Cardano (ADA), Monero (XMR), and Tezos (XTZ).
- Less attractive design than the nano ledger.
Best crypto hard wallet 2021 : Trezor Model T
The Trezor Model T is the next generation of Trezor one with further feature development. It uses a touch screen so that the user interface is more intuitive.
The feature has been improved a lot with a faster processor, also updated coin support. The dimensions are slightly bigger than the Trezor one, it has a size: 64 mm x 39 mm x 10 mm with a weight of 22g.
Advantage
- Using touchscreen.
- Easy to use.
- Support more coins than Trezor one.
- Slim design easy to carry anywhere.
- Generated random PIN code makes it more secure.
- Advanced feature.
Disadvantage
- The expensive price was 149 EUR, equivalent to 175 USD at the current exchange rate.
- Less attractive design than the Ledger nano.
Which crypto wallet is best in India?
The growth of crypto enthusiasts in India has increased sharply, but the Indian government seems to have drafted a law prohibiting owning cryptocurrency in the country.
The most popular crypto wallet here is Wasirx, which is a cryptocurrency exchange but also provides a crypto wallet.
However, Ledger Nano X users are also quite popular in India with prices hovering between Rs. 10,000 to Rs. 12,999. While the Trezor model T is sold in the range of Rs. 14,999 to Rs. 18,999.
Which crypto wallet is best in Nigeria?
Nigeria is also a country that has started to grow fans of cryptocurrency after forex trading was first popular there. In this country several popular crypto wallets such as Luno, Quidax, Coinomi, Bitpay.
These are all crypto exchanges that also provide crypto wallets, but because these are hot wallets, they are vulnerable to hackers.
To the best remains Ledger and Trezor, with a price range between 22,481.95 Naira to 64,778.50 Naira.
Best crypto hard wallet 2021: Wallet crypto Malaysia
In Malaysia, the most popular is Luno, which is an exchange that also provides crypto wallets.
However for hardware wallets, in Malaysia, the Ledger Nano S is sold through Lazada.com.my for in the range of RM 328 but some are selling for more than RM 400. While the Ledger Nano X is sold in Malaysia for around RM 990.
When to use a crypto wallet?
When you will use a crypto wallet is when you will transfer or receive cryptocurrency. The point is when you are going to make transactions, whether buying and selling crypto assets or for other purposes.
Crypto wallet address checker
One site that can track bitcoin wallet addresses. For example Bitref.com. You only need to enter the bitcoin address in the search box provided. Then the total received data will appear as well as the total sent which is also available in the form of a QR code.
Final thought
Owning a crypto wallet is compulsory for cryptocurrency enthusiasts because it is a valuable asset that provides value. Looking best crypto hard wallet 2021 essential to do.
Large investors mostly choose crypto hard wallets even though they have to spend money, but security is more guaranteed.
But also crypto hard wallet users must be careful when storing their devices, to keep them safe.
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