October 22, 2017

Hardware Wallets to Store Your Bitcoin Offline

Hardware Wallets to Store Your Bitcoin Offline

bitcoin hardware wallet
Hardware Wallets. The Ledger Nano S is one example of a hardware wallet.

A hardware wallet is a physical electronic device, built for the sole purpose of securing bitcoins.

The core innovation is that the hardware wallet must be connected to your computer, phone, or tablet before bitcoins may be spent.

The three most popular and best Bitcoin hardware wallets are:

Hardware wallets are a good choice if you’re serious about security and convenient, reliable Bitcoin storage.

Bitcoin hardware wallets keep private keys separate from vulnerable, internet-connected devices.

Your all-important private keys are maintained in a secure offline environment on the hardware wallet, fully protected even should the device be plugged into a malware-infected computer.

As bitcoins are digital, cyber-criminals could, potentially, target your computer’s “software wallet” and steal them by accessing your private key.

Generating and storing private keys offline using a hardware wallet ensures that hackers have no way to reach your bitcoins.

Hackers would have to steal the hardware wallet itself, but even then, it can be protected with a PIN code.

Don’t worry about your hardware wallet getting stolen, lost or damaged either; so long as you create a secret backup code, you can always retrieve your bitcoins.

Think of a hardware wallet like your own underground steel vault. If you own a significant amount of bitcoins, you should strongly consider getting one!

Why are hardware wallets good?

  • Easiest way to securely store bitcoins
  • Easy to backup and secure
  • Less margin for error; setup is easy even for less technical users

 

bitcoin hardware wallet
The three most popular hardware wallets: KeepKey, Ledger Nano S, and Trezor.

But the price can be worth it if you own a significant amount of bitcoins. A hardware wallet will protect a few hundred in Bitcoin just as effectively as a few million.

How Hardware Wallets Work

Hardware wallets are secure, offline devices. They store your private keys offline so they can’t be hacked.

This means you can even use one on a malware infected computer.

Why A Hardware Wallet with a Screen is Important

In the table below, you’ll notice we show which hardware wallets have screens.

Screens provide extra security by verifying and displaying important wallet details. Since the hardware wallet is nearly impossible to hack, its screen is more trustworthy than data displayed on your computer.

Bitcoin Hardware Wallet Comparison

Check the table below for a quick comparison. Note:

We also did a detailed comparison of the three main ones: Ledger Nano S, Trezor, and KeepKey.

Wallet Screen Released Price Buy
LEDGER NANO S Ledger Nano S 2016 58€  BUY NOW

TREZOR HARWARE WALLET
TREZOR 2013 $99  BUY NOW
KeepKey 2015 $99  BUY NOW

Ledger Blue
Ledger Blue
Ledger Blue 2017 274.80 €  PRE-ORDER
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