For both veterans and those just starting out in the world of cryptocurrencies, if there’s one thing that really should be a priority concern (more so than price rises or falls) it’s cryptocurrency security. Cryptocurrencies are the target of dozens of well-organized scams, so having them protected is extremely important.
Physical wallets allow us to store our private cryptocurrency keys, making them much harder to steal
There are three ways to store cryptocurrencies: on the exchange where you trade them, in virtual wallets, or in physical wallets, which are flash drive-like devices. The latter are the safest because a thief would have to access them physically (and also pass through a PIN) to get the loot. Here are the five most popular ones:
-Ledger Nano X
Ledger is one of the most popular physical crypto wallet brands. The Nano X model, successor to the Nano S, contains a handy screen with just two buttons and is compatible with Windows, macOS, Linux, Android and iOS, while the device itself uses an operating system called BOLOS which is very focused on security.
It allows you to install up to 100 decentralized apps and at the moment supports 37 different cryptocurrencies and more than 1000 tokens. In addition, through its app, Ledger Live, allows staking directly as Tron or Dot. It can be found from 119 euros.
-Trezor Model T
The popularity of the Trezor wallets is on par with the Ledger, and the Model T, successor to the Trezor One, offers virtually the same features as the Ledger Nano X. Still, there are certain differences such as the screen, which in the case of Model T is touch and color. On the other hand, the compatibility of Model T is somewhat lower, as it still does not synchronize with iOS devices.
The Trezor Model T can be purchased starting at 159 euros.
-Ellipal Titan
The Ellipal Titan wallet is the perfect device for anyone who is really concerned about security. It is designed to electronically isolate itself from any type of network; be it WiFi, NFT, Bluetooth or even USB connection. This makes it impossible to access the wallet by any means other than scanning QR codes.
It also has a self-destruct data mechanism that activates if any extraneous tampering is detected. Its four-inch touch screen makes it more like a small cell phone than a flash drive. The Ellipal Titan can be found from 169 euros.
-SafePal
SafePal is a product of Binance, the company behind one of the largest exchanges in the world. With the size of a credit card and a 400 mAh battery, one of SafePal’s strengths is its security system, which, similar to the Ellipal Titan, protects against any attempt of physical intrusion. In addition, it supports more than 20 blockchain networks and more than 10,000 tokens, being compatible with iOS and Android devices.
SafePal also shines with its price, which is just $49.99 plus shipping.