Pi Capital
Date of publication: 27 January 2020
Best cryptocurrency hardware wallets for 2020
A good hardware wallet is absolutely necessary for many of us. Besides the fact that hardware wallets help us to feel a closer connection with our money, they provide security and peace of mind when using digital currencies. And if you are just in search of these characteristics, then you should take a closer look at hardware cryptocurrency wallets. If you are interested in learning how one wallet differs from another, and also get to know the advantages and disadvantages of each of them, then our today's guide is just for you.

So, first of all, let's remember what hardware wallets are?

In short, hardware wallets are portable devices that provide us with secure access to our cryptocurrencies. Their job is to generate private keys for the user in a safe, autonomous environment, and display them on the device’s display.

Usually they connect via USB or Bluetooth to devices with the Internet - for example, to your computer. A separate screen on the wallet is used to double-check and confirm transactions. This is safe, at least because your sensitive information does not get on your device connected to the Internet. Thus, you no longer have to worry about your computer being hacked. Although, of course, this carries certain inconveniences.

Besides the security benefits, the hardware wallet also gives users manual control over their own funds. For many people, it is still important to feel that they are literally holding their money in their hands. Perhaps this will ultimately have a positive effect on the massive adoption of cryptocurrencies.

4 best cryptocurrency wallets for 2020

There are only a few hardware wallets on the market, however, even in this situation it will be quite difficult for you to choose the most suitable one. Today we made a selection of the 4 best hardware wallets to help you save time and money on experimenting.
We decided to pay attention to NGRAVE ZERO, Ledger Nano X, Trezor Model T and KeepKey. All of them have various functions and characteristics. Therefore, one of them will suit you more, the other - less.

1. NGRAVE

NGRAVE ZERO is the “coldest storage” that uses QR codes, which allows you to not connect the device to the Internet.

NGRAVE is a relatively young competitor in the arena. The company was nurtured by one of the leading security research companies in the world - IMEC. The “coldest” in the description implies that this device does not allow you to connect to the Internet under any circumstances. Instead of using USB or Bluetooth to connect, ZERO uses one-way QR codes to transfer information to connected devices, while remaining offline. All this means that you never have to worry about hacked programs or viruses on your computer.

Another great feature is that NGRAVE Zero also comes with a tricky method of creating a backup for your seed phrase, which is needed if the device is stolen or damaged. Refractory and waterproof stainless steel sheets are supplied with the wallet. This is a definite advantage over other suppliers of hardware wallets, since there are only paper templates for backing up secret phrases in the kit.

Advantages of the NGRAVE crypto wallet

NGRAVE is a great example of excellence in product development. The device is designed in such a way that it is impossible to steal your cryptocurrencies via the Internet.
Great for people who want complete peace of mind about their cryptocurrencies and especially for those who often travel with their gadgets.
The set includes stainless steel sheets that will allow you to easily create backup copies of phrases for restoration.

Disadvantages of the NGRAVE crypto wallet

This is a young company with the first product of this magnitude.
Given that the parent company is IMEC, you might think that the project will have no problems with the community and support. However, everything is not so smooth at the moment.

2. Ledger Nano X

French startup's Nano X ledger looks like a typical USB flash drive, with the exception of the steel casing. The device can be connected to any mobile device or personal computer via USB or Bluetooth.

Read on tomorrow


Alexey Shternshis

Pi Capital Union

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