Hardware Wallets
A hardware wallet is the most secure wallet you can use. With Ledger or Keystone you go with my favorite cold storage providers and this comes with cutting-edge security features and a high degree of product maturity.
First things first, what exactly is a Hardware Wallet? Simply put, it's a physical device that stores the private keys to your cryptocurrencies offline. This means that your sensitive information is kept away from internet-connected devices, reducing the risk of hacking and unauthorized access. Think of it as a vault for your digital assets.
That is the case for so called cold storage.
There is also hot storage with hardware wallets. This occurs when you connect your hardware wallet directly to the internet, an act through which you may expose your private keys.
My favorite wallet brands are Ledger and Keystone Hardware Wallets. Both support a wide range of cryptocurrencies, allowing you to consolidate your digital portfolio in one secure place. This versatility makes them a great choice if you intend to manage not only Ethereum or Bitcoin but also other crypto investments with your ledger wallet.
Both, Ledger and Keystone, are excellent choices when it comes to security and convenience, but a few differences are worth highlighting:
Keystone 3 Pro
Ledger Nano S Plus
Very convenient with a fingerprint sensor to sign transactions
Appealing 4 in LCD touchscreen
Multi-seed phrase support which allows to have several wallets with unique keys on the wallet
Smaller, USB stick like design for easy and discrete transportation
Their App, Ledger Live, gives decent functionality suitable for beginners
EU based company that comes with the added personal data protection
This is what makes both wallets great choices. While features and design differ, they come at a similar price point and they both are very secure.
