Many people believe cold wallets are significantly safer for storing cryptocurrency than hot wallets. This is because cold wallets are mostly disconnected from the internet, making them virtually impossible to hack if kept securely. However, they can be expensive and often have complex interfaces.
If you’re unsure which wallet to choose, you’re in the right place. We’ve reviewed the 16 best cold wallets for 2024, detailing their security features, supported coins, pricing, and more. Continue reading to find the one that best meets your needs.
The Top 16 Cold Crypto Wallets
- ELLIPAL Titan 2.0 – Supports over 10,000 cryptocurrencies, offers 2FA protection, and features CC EAL5+ security.
- Ledger Nano S Plus – Compatible with over 5,000 coins and connects to PCs or smartphones via USB-C.
- Trezor Model One – Supports more than 9,000 cryptocurrencies and connects via USB-A to PCs and Android phones.
- Trezor Model T – Similar to the Model One with support for over 9,000 cryptos, plus a touchscreen and USB-C connection.
- Ledger Stax – Supports over 5,000 cryptos, equipped with Bluetooth, USB-C, and CC EAL6+ protection.
- Blockstream Jade – A Bitcoin-only wallet with air-gapped functionality.
- NGRAVE – Features high security with EAL7 certification, operates fully offline using QR codes, and supports over 1,000 cryptos.
- BitBox02 – Supports 1,500 coins, has a USB-C connector, secure chip technology, and microSD backup.
- COLDCARD – Bitcoin-only wallet focused on simple design and ease of use.
- Opendime – Allows private, one-time-use transactions, mimicking cash-like transfers.
- CoolWallet Pro – Supports over 12,000 coins across 30 blockchain networks and includes staking functionality.
- Safepal S1 – Compatible with over 100 blockchain networks, supports numerous cryptos, and includes self-custody.
- SecuX V20 – Compatible with web-based applications, USB-C, and supports over 10,000 cryptocurrencies.
- Material Bitcoin – Easy-to-use cold wallet with a lifetime warranty, shock, flood, and fire-resistant.
- KeepKey – Works with over 300 blockchain networks and more than 7,200 cryptocurrencies.
- BitAddresses – A free alternative to typical cold wallets, generating Bitcoin wallet addresses and private keys on paper.
What is a Crypto Cold Wallet?
In essence, cold wallets are devices or printed QR codes that store cryptocurrencies offline. Their primary advantage is that they are not vulnerable to hacking attempts due to their lack of internet connection.
In contrast, hot wallets are often or always connected to the internet, posing a risk of asset loss, particularly if hosted on crypto exchanges. Despite the security of the best hot wallets, cold wallets are always recommended for safeguarding cryptocurrencies. Even if you can’t afford a high-end cold wallet, it’s advisable to transfer your assets to hardware wallets or those installed on your devices, like laptops or smartphones. Exchanges are frequently targeted by hackers, whereas attacking individual devices is more challenging, especially if wallets are not running in the background.
Some cold wallets also offer additional features, such as the ability to swap or stake cryptocurrencies.
Review of the Best Cold Storage Crypto Wallets
Let’s explore each wallet in more detail to understand why they made our list.
1-ELLIPAL Titan 2.0: The Ultimate Cold Wallet for 2024
- In the ever-evolving world of cryptocurrency, security is paramount. As digital assets become increasingly valuable, safeguarding them has never been more critical. Enter the ELLIPAL Titan 2.0, a cold wallet designed to provide the highest level of security for your crypto holdings. This article delves into the features, benefits, and reasons why the ELLIPAL Titan 2.0 stands out as one of the best cold wallets for 2024.
- What is the ELLIPAL Titan 2.0?
- The ELLIPAL Titan 2.0 is a hardware wallet designed to store cryptocurrencies offline, away from the reach of hackers. Its robust construction and advanced security features make it a top choice for both seasoned investors and newcomers to the crypto space.
- Key Features
- Air-Gapped Security
The ELLIPAL Titan 2.0 utilizes air-gapped technology, meaning it operates completely offline. This eliminates the risk of remote hacking since the device does not connect via Bluetooth, WiFi, or any other network. - Robust Build
Crafted from metal, the ELLIPAL Titan 2.0 is built to last. It’s not just durable; it’s tamper-resistant, ensuring that your wallet remains secure even under physical duress. - Large Touchscreen Display
Featuring a 4-inch touchscreen, the ELLIPAL Titan 2.0 offers a user-friendly interface that makes navigating the device straightforward. This is particularly useful for managing multiple cryptocurrencies. - 5M AF Camera
The built-in 5M AF camera allows the ELLIPAL Titan 2.0 to scan QR codes, facilitating easy and secure transaction verification without needing to connect to the internet. - Support for Multiple Cryptocurrencies
With support for over 52 blockchain networks and more than 10,000 cryptocurrencies, including Bitcoin, ERC20, and BSC tokens, the ELLIPAL Titan 2.0 offers unparalleled versatility. - Battery Life
The device comes with a 1,400 mAh battery, ensuring long-lasting use without frequent recharging. - Enhanced Security Measures
- Two-Factor Authentication (2FA)
The ELLIPAL Titan 2.0 includes 2FA, adding an extra layer of security. This means that even if someone gets hold of your device, they would still need a secondary verification method to access your funds. - CC EAL5+ Security Certification
The ELLIPAL Titan 2.0 is certified with CC EAL5+ security, signifying its adherence to stringent security standards and ensuring that your private keys are well-protected. - Self-Destruct Mechanism
In the event of a physical breach, the ELLIPAL Titan 2.0 is designed to self-destruct, erasing all stored information and rendering the device useless to potential thieves. - User Experience
- Setting up the ELLIPAL Titan 2.0 is straightforward. Upon first use, users generate a 24-word recovery passphrase that is essential for wallet recovery. This passphrase must be securely stored as it is the key to accessing funds if the device is lost or damaged.
- The device’s interface is intuitive, making it easy to manage multiple wallets and perform transactions. The large touchscreen display simplifies the process of entering information and verifying transactions.
- Portability and Convenience
- Weighing only 140g, the ELLIPAL Titan 2.0 is portable and convenient to carry. Its compact size ensures that it can easily fit into a pocket or a small bag, making it an excellent choice for users who need secure access to their cryptocurrencies on the go.
- Price and Availability
- Priced competitively, the ELLIPAL Titan 2.0 offers excellent value for the level of security and features it provides. It is available for purchase through various online platforms and directly from the ELLIPAL website.
- Conclusion
- The ELLIPAL Titan 2.0 sets a high standard in the world of cryptocurrency cold wallets. Its combination of advanced security features, user-friendly design, and broad cryptocurrency support make it an outstanding choice for anyone serious about protecting their digital assets. As we move into 2024, the ELLIPAL Titan 2.0 stands out as a premier option for crypto storage, ensuring that your investments remain safe and secure
2. Ledger Nano S Plus
The Ledger Nano S Plus ranks as the second-best cold wallet, boasting a large user base. It exemplifies how secure cold storage can be affordable, priced at just $79. This model comes with features similar to the Trezor Model One.
During setup, users are given a backup passphrase—a 24-word sequence displayed on the screen. Additionally, a PIN must be created to authorize transactions. If the PIN is forgotten, the wallet can be accessed using the backup passphrase.
If the Ledger Nano S Plus is lost, damaged, or stolen, it can be recovered remotely. It supports over 5,000 cryptocurrencies across various networks, including Bitcoin, Polkadot, Binance Smart Chain, XRP, and Ethereum. This cold wallet also supports Ledger Live, allowing users to stake cryptocurrencies and earn passive rewards.