Best Crypto Hardware Wallets for 2025

When it comes to protecting your cryptocurrency, some tools stand above the rest – hardware wallets. In today’s world, online hacks, phishing scams, and malicious links are too common, and your crypto is at risk 24/7. These scams continue to evolve, with hackers getting more sophisticated over time, making it more critical than ever to keep your cryptocurrencies safe. Hardware wallets, also known as cold wallets or cold storage, are one of the safest options for safeguarding large crypto holdings. Some of the leading cold wallets are Ledger, Tresor, NGRAVE, and SafePal. Rest easy at night knowing your private keys are kept offline in your cold wallet, making it virtually impossible for cyber attackers to access them.

Throughout this article, we will discuss everything about these wallets; from diving into the basics to the best options and brands. Whether you have been in crypto for years or are a newbie, we’ve got you covered.

Why Use a Hardware Wallet for Crypto?

Before we dive into the details, let’s answer this question: why bother using a hardware wallet for crypto? The cryptocurrency industry is one of the most dynamic and fast-paced industries in the world. Now, while cryptocurrencies use blockchain technology and cryptography to keep your holdings safe, that is not always the case. Many online wallets do not store your keys offline but are rather fully online. Their operations happen online first and then are sent to the blockchain, providing a way in for exploiters, scammers, and hackers. This is where hardware wallets come into play.

Unlike online wallets, also known as hot wallets, which are connected to the internet, hardware wallets are not. While this may sound like something insignificant, it makes them resistant to most cyber threats. No matter how sophisticated a phishing scheme or malware attack may be, hardware wallets ensure that your private keys remain inaccessible.

There have been countless instances where crypto users accidentally clicked on a malicious link that directed them to their online wallet. Since many online wallets rely on phone passcodes or biometric encryption like face or fingerprint scans, users unknowingly provide access. Once the information is entered, the malicious actor gains full access to the wallet, leading to drains. This kind of attack would be nearly impossible with a hardware wallet. A hardware wallet requires physical confirmation – such as pressing a button or entering a PIN on the device itself – before any transaction is authorized. This layer of security ensures that even if someone were to attempt a phishing attack, your funds remain safe.

What is a Hardware Wallet?

A hardware wallet is a physical device designed to store the private keys needed to access your cryptocurrencies. By keeping everything offline, it protects them from online threats like hackers, scammers, and malware. These wallets are often small and portable, resembling USB drives. They are considered “cold wallets” because they are not connected to the internet, making them much safer than online or “hot wallets.” This offline storage method is one of the most effective ways to guard against cyberattacks.

When you use a hardware wallet, you have full control over your private keys. Unlike storing crypto on exchanges, where you rely on a third party to protect your assets, a hardware wallet eliminates this risk. It gives you direct ownership and ensures that only you can access your funds. Fundamentally, this is a positive thing, but hardware wallets are not for everyone – especially newcomers. If you lose your hardware wallet and don’t have your recovery phrase, there’s no way to regain access to your assets – ever.

Additionally, hardware wallets require physical interaction, like pressing a button or entering a PIN, before authorizing any transaction. This extra step ensures that even if someone gains access to your computer or mobile device, they can’t move your funds without having the wallet itself.

How do Hardware Wallets work?

Contrary to popular belief, hardware wallets do not store your cryptocurrency – your holdings are stored onchain. Hardware wallets store your private keys, making it impossible for hackers to get access to your crypto without having physical access to your wallet. So, to put this simply, physical interaction is necessary whenever you want to access your wallet. 

When you want to send, spend, or transfer crypto, you need to approve the transaction using your private key. With this key being stored inside the hardware wallet, the only way someone could access your wallet would be to steal it. Therefore, we don’t recommend carrying your hardware wallet with you, especially not as a necklace – Ledger, maybe it’s time to reconsider selling cold wallet necklaces.

The process of operating such a wallet is a bit more complex than exchange wallets or hot wallets. Here’s a short step-by-step guide we prepared:

Step 1: Set up your wallet

• Find a safe place; preferably at home or another place where the internet connection is private and safe
• Carefully unbox your hardware wallet and connect it to your computer or mobile device
• Follow the instructions to set a PIN for your wallet

Step 2: Generate/store your recovery phrase

• • Write down the recovery phrase (12-24 random words) shown on the device
  • Make sure you keep copies of the recovery phrase and store them in a safe, offline location
  • NOTE: Never share your recovery phrase

Step 3: Install the brand’s app/software

• If necessary, download and install the official app/software recommended by the wallet’s manufacturer
• Depending on the wallet, you’ll be asked to pair the wallet with the app to manage your crypto

Step 4: Transfer your crypto

• In your wallet app, generate the receiving address where you’ll send your crypto from any other wallet you might have (CEX, non-custodial wallet, etc…)

Step 5: Confirm transactions

• Now that you have set your wallet up, you are ready to send and transfer crypto out of the wallet
• To do so, connect your wallet and confirm the transaction details on the device manually
• Approve the transaction by either pressing a button or entering a PIN – depending on the manufacturer/brand

Step 6: Safely store your wallet

• Always disconnect your wallet and store it in a safe location – away from exposure, heat, and moisture.

Hot Wallets vs. Cold Wallets

Both types of wallets serve their purpose just fine. However, when we compare them, we can see which one is better at what. Understanding their differences is key to choosing the right one that fits your needs.

Contrary to cold wallets, hot wallets are connected to the internet. This makes them perfect for quick, short-term trades. Moreover, mobility is a big plus taking into consideration the dynamic nature of the crypto industry. Such wallets are usually available as mobile apps, desktop programs, or web platforms. This accessibility makes them the preferred choice for newcomers and active traders. One would say that being connected to the internet is a blessing and a curse, especially for wallets. While this allows users to quickly send and receive crypto, it also exposes them to potential risks – hacking or phishing.

Cold wallets, on the other hand, are not connected to the internet. This means that the wallet stores your private keys offline, providing an unmatched level of security. They are more complex to navigate and the process of transferring crypto is a bit longer. In exchange for that, the users get top-notch security. This makes hardware wallets ideal for storing large amounts of crypto for the long term. Less threats equals less stress.

Key Features of a Good Hardware Wallet

While cold wallets are often seen as the safest option to store your crypto, there are a few elements to look out for when choosing the one for you. Some of them are safer; some are easier to use; some support more cryptocurrencies; and some make the recovery process super simple.

Uncompromised Security

Uncompromised security is the foundation of any reliable hardware wallet. These devices are specifically designed to safeguard your private keys by storing them in an isolated, offline environment. Therefore, because the very idea of a cold wallet is security, they must have a proven track record of safety. A good hardware wallet employs encryption and multi-layered security protocols to protect your cryptocurrency from unauthorized access.

Additionally, top-tier hardware wallets feature secure elements such as tamper-resistant chips. This adds an extra layer of protection against physical breaches. Moreover, advanced features like PIN codes, passphrases, and biometric authentication further enhance their security. Security not only safeguards your cryptocurrency investments but also offers peace of mind – a luxury for those actively participating in the crypto industry.

User-Friendly Interface

Next, we have the second most important element – user-friendly interface. This element is the second most important element in any app, tool, or software in the crypto industry, if you ask us. Crypto is considered complicated enough as it is, and not having a good interface in such an industry drives users away. Having a user-friendly interface ensures that managing your crypto is both straightforward and less stressful. Well-designed interfaces make it easy for users to navigate through options and execute transactions while minimizing the chances of errors.

Features such as clear displays, simple menus, and step-by-step guidance for essential tasks contribute to a positive user experience. Additionally, a user-friendly interface reduces the risk of mistakes, which could otherwise lead to loss of funds. A hardware wallet that combines simplicity with high-level security ensures that users can fully focus on managing their assets without being overwhelmed by technical complexities.

Recovery Options

Recovery options are an essential feature of any good hardware wallet, providing a safety net for users in case of loss, theft, or device malfunction. The cornerstone of recovery is the seed phrase, a unique series of 12 to 24 words generated when the wallet is first set up. This phrase acts as a master key – whoever has access to this key has access to the wallet.

To ensure maximum security, it’s vital to store the seed phrase offline in a secure location; i.e. a fireproof safe. Moreover, users must not store it digitally as that could expose it to hackers. Some wallets also support additional features like passphrase protection, offering an extra layer of security for sensitive accounts.

Multi-Currency Support

Lower on the list we have multi-currency support. Now, while supporting multiple cryptocurrencies is important as investors often like to rotate their investments, it isn’t crucial. Of course, this feature is optional, as some people prefer specific cryptocurrencies and couldn’t care less about others. Today, we have hundreds of hardware wallet devices, each having its unique properties. On one hand, there is Ledger which has products that support over 5,500 cryptocurrencies and NFTs. On the other hand, you have BitBox with a product that only supports Bitcoin, Litecoin, Ethereum, and a few ERC-20 tokens.

Top 5 Best Crypto Hardware Wallets for 2025

Ledger Nano X

Ledger Nano X stands out as the top hardware wallet for 2025 because of its advanced security and multi-currency support. Equipped with Bluetooth connectivity, it allows users to securely manage their crypto and NFTs across multiple platforms with ease. The Nano X supports over 5,500 cryptocurrencies and NFTs, including: 

• Bitcoin, 
• Ethereum, 
• Polkadot, 
• USD Tether,
• Solana,
• BNB,
• USD Coin,
• XRP,
• Dogecoin,
• Bitcoin Cash,
• Wrapped TON.

With the capacity to install up to 100 apps, it offers unparalleled flexibility while keeping private keys safe on a CC EAL5+ certified secure chip. This offline storage method protects against online threats, making it virtually impenetrable. Additionally, users are safeguarded by a customizable 4–8 digit PIN code.

Even in the event of a lost device, your assets remain secure on the blockchain. By using the Secret Recovery Phrase or subscribing to Ledger Recover, you can easily regain access to your funds, ensuring peace of mind. Check the tech specifications here.

For many, one of the drawbacks of Ledger Nano X is its price, selling at $129.99. This price is slightly higher than its competitors.

How to set up Ledger Nano X?

Step 1: Install Ledger Live

Download and install the Ledger Live app from the official Ledger website. Install the app on your computer and open it. Click “Get Started,” accept the terms, and choose “Nano X” as your device. Select the option to set up a new device.

Step 2: Connect and Set Up Your Device

Connect your Ledger Nano X to your computer using the provided cable. Once it powers on, scroll through the device instructions using the buttons. Select “Set up as new device” by pressing both buttons simultaneously. Create a PIN code (4-8 digits) using the buttons to select numbers and confirm it by re-entering the PIN.

Step 3: Write Down Your Recovery Phrase

The device will display your 24-word recovery phrase. Write down each word in order on the recovery sheet provided in the box. Double-check the spelling and order, then confirm the phrase by selecting each word in the correct sequence.

Step 4: Complete the Setup

Return to Ledger Live to complete the setup. Take a short quiz and perform the Genuine Check to verify your Nano X. Please visit the official Ledger website for a video guide on how to set up the device.

Trezor Model T

Trezor Model T secures its place as one of the best hardware wallets for 2025, combining advanced security features with a sleek design. Its standout feature is the touchscreen, offering easy navigation. This ensures that every transaction is both deliberate and secure, with sensitive information isolated from online threats.

Priced at $129, the Model T supports thousands of cryptocurrencies and tokens, allowing users to trade and stake crypto seamlessly. It provides exceptional recovery options with the 12-word Standard Backup and the advanced Shamir Backup. This way, Trezor ensures users can regain access even if the device is lost or damaged. Open-source security and PIN/passphrase protection enhance its reliability and transparency.

With additional features like a MicroSD card slot, Tor compatibility for privacy, and robust packaging seals, the Trezor Model T is ideal for both crypto normies and OGs. However, just like the Ledger Nano X, many people consider the price of Model T high compared to many of its competitors.

How to set up Trezor Model T?

Step 1: Install Trezor Suite app

Connect your Trezor Model T to your computer and open the Trezor Suite app. Ensure the packaging and holographic seal on your device are intact (if not, contact customer support immediately). Click “Set up my Trezor,” and install the latest firmware by selecting “Install firmware.” Once the installation is complete, click “Continue.”

Step 2: Create a New Wallet

Select “Create new wallet” in the Trezor Suite app. Choose “Standard seed backup” to proceed. Follow the instructions on your Trezor device to confirm the action. The device will generate a recovery seed phrase (12 words by default). Write down each word in order on the provided recovery card. Carefully confirm the words as instructed.

Step 3: Set Up a PIN

Set up a PIN by selecting “Set PIN” in the app. Enter your PIN directly on the Trezor Model T touchscreen and confirm it by re-entering the same PIN. Once complete, PIN protection will be enabled.

Step 4: Select Cryptocurrencies

Choose the cryptocurrencies you wish to manage in the “Activate coins” window. Click “Complete setup,” and your Trezor Model T is ready to use. As simple as it gets!

Ledger Nano S Plus

The Ledger Nano S Plus secures its spot as the third-best hardware wallet for 2025, offering reliable security at an affordable price. Priced at $79, it provides secure offline storage for over 5,000 cryptocurrencies and tokens, including Bitcoin, Ethereum, and Cardano. With support for multiple crypto asset standards like ERC20 and BEP20, the Nano S Plus meets the needs of diverse investors.

Although smaller and cheaper than the Nano X, the Nano S Plus doesn’t compromise on security. It features a tamper-resistant Secure Element chip and a proprietary Blockchain Open Ledger Operating System (BOLOS) for advanced protection. Users can secure their wallets with a 4-digit PIN and a 24-word recovery phrase.

While it lacks Bluetooth and iOS compatibility, the Nano S Plus connects seamlessly via USB to Android devices. Its intuitive interface and Ledger Live app make setup and management easy, offering excellent value for crypto investors prioritizing security and affordability.

How to set up Ledger Nano S Plus?

Step 1: Begin Setup

Start by connecting your Ledger Nano S Plus to your computer using the supplied USB-C cable. The device will display “Welcome to Ledger Nano S Plus.” Press the right button to continue, then press both buttons simultaneously to select “Set up as a new device.”

Step 2: Create a PIN Code

When prompted, press both buttons to set a PIN code. Use the left and right buttons to select digits and press both buttons to confirm each number. Choose a 4-8 digit PIN and confirm it by re-entering the code.

Step 3: Write Down Your Recovery Phrase

Your Ledger will generate a 24-word recovery phrase, displayed one word at a time. Write each word on the provided recovery sheet in the correct order. Once all words are recorded, verify the recovery phrase on the device by selecting the requested words.

Step 4: Finalize Setup

After confirming your recovery phrase, the device will display “Your device is now ready.” Hold both buttons for three seconds to access the Control Center and start installing apps via Ledger Live. Your Nano S Plus is ready for secure crypto management!

KeepKey

Next on the list, we have the KeepKey hardware wallet. This wallet is a bit different from the rest, being open-source and allowing developers to build custom decentralized applications (dApps) using the KeepKey SDK. Just like Trezor and Ledger, KeepKey is designed to generate and manage private keys in offline cold storage. This keeps your crypto safe from vulnerabilities like viruses and hacking attempts. The wallet also provides PIN protection and additional passphrase security, ensuring peace of mind against unauthorized access.

With support for a wide range of cryptocurrencies, KeepKey allows users to send, receive, and store numerous digital assets effortlessly. Its standout feature is the large display, which provides clear visibility for every transaction, ensuring that users manually approve all actions for enhanced control and security. When it comes to the number of blockchains supported, KeepKey supports Rune, Bitcoin, Ethereum, Avalanche, Cosmos, BNB Smart Chain (Beacon Chain included), Dogecoin, Bitcoin Cash, Litecoin, Osmosis, and Ripple.

How to set up KeepKey?

Step 1: Download Client Software

Start by downloading the latest KeepKey Client software for your operating system from the official website. If you’re using Linux, update your USB drivers and adjust permissions if necessary. Windows users may need to bypass download warnings. Unbox your KeepKey device and have a secure place ready to store your mnemonic recovery phrase.

Step 2: Connect and Update

Connect your KeepKey to your computer via USB. To enter updater mode, unplug the device, hold down the button, and reconnect it while keeping the button pressed. Update the bootloader as prompted, ensuring you do not disconnect the device during the process. Afterward, update the firmware to the latest version for optimal security and functionality.

Step 3: Create Your Wallet

Initialize your wallet by generating a new 12-word mnemonic recovery phrase. Write each word down in order on a secure recovery sheet. This recovery phrase is crucial for accessing your wallet in case of loss or damage.

Step 4: (Optional) Restore Wallet

If restoring a wallet, follow the instructions to input your recovery phrase using a secure cypher method. DO NOT enter the phrase directly into any unverified applications.

SafePal S1

Lastly, we have SafePal S1 – another top hardware wallet for 2025. SafePal S1 offers unmatched security through its innovative air-gapped technology. Completely offline, it eliminates vulnerabilities associated with WiFi, Bluetooth, or USB connectivity, ensuring your assets remain isolated from online threats. This wallet supports over 30,000 cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin. Its vast multi-coin support makes it a versatile choice for managing diverse portfolios.

Equipped with an EAL 5+ secure element chip, the SafePal S1 provides banking-grade protection for your private keys. Its anti-tampering self-destruct mechanism further enhances security, wiping sensitive data if unauthorized access is detected. Users can also set a secure PIN code and passphrase for an added layer of protection.

Compact and portable, the credit card-sized design makes the SafePal S1 easy to carry. It integrates seamlessly with the SafePal App, allowing users to manage crypto, trade securely, and store NFTs. At an affordable price of $49.99, it’s an excellent choice for robust security and accessibility.

How to set up SafePal S1?

Step 1: Authenticate Your Device

After unboxing your SafePal S1 wallet, ensure the device and packaging are intact. Power on the device and select your preferred language. The S1 will display a QR code on its screen. Use your mobile browser to scan the QR code, which will redirect you to a verification page. Enter the 6-digit code shown on the device into the page. Once authenticated, follow the on-screen instructions to activate the device.

Step 2: Set Up Your Wallet

You’ll have the option to either “Create New Wallet” or “Recover My Wallet.” Choose “Create New Wallet” to generate a new 12, 18, or 24-word recovery phrase. Write down each word in the correct order and store it safely offline. If you are recovering an existing wallet, follow the instructions to input your recovery phrase securely.

Step 3: Pair with the SafePal App

Download the SafePal App on your mobile device. Set up the app by configuring its security settings. Pair your S1 wallet with the app by scanning the QR codes displayed on both devices. This allows the app to broadcast transactions while keeping your private keys securely offline. For a more detailed guide, watch this video guide from the official SafePal team.

Frequently Asked Questions (FAQ)

Are hardware wallets secure?

Yes, hardware wallets are one of the most secure ways to store cryptocurrency. They keep your private keys offline, protecting them from hacking, phishing, and malware. Devices like the Ledger Nano X, Trezor Model T, and SafePal S1 feature advanced security measures, including tamper-resistant chips and manual transaction approvals for extra safety. They also provide recovery options through a 12–24-word recovery phrase. You can always access your crypto using this phrase, even if the wallet is lost or damaged.

What happens if I lose my hardware wallet?

If you lose your hardware wallet, your cryptocurrencies are safe as long as you have access to your recovery phrase. The recovery phrase, typically 12-24 words, is the backup for your private keys. Using the recovery phrase, you can restore access to your crypto. Simply enter it into a new hardware wallet or other type of compatible wallet.

However, if you lose your hardware wallet and your recovery phrase, you will most likely lose access to your funds permanently. The recovery phrase is the most important element in this equation, and storing it securely offline is key to keeping your crypto safe. Even if the hardware wallet is stolen, most devices have anti-tampering mechanisms installed. This means that the stealer cannot access the crypto without having the recovery/backup phrase.

How often should I back up my hardware wallet?

You only need to back up your hardware wallet once, during the initial setup. This backup is your recovery phrase, the 12-24 word sequence randomly generated by the wallet when you create it. It serves as the only way to restore access to your wallet if the device is lost, damaged, or stolen. Therefore, we suggest you put effort into keeping your recovery phrase safe offline, as it is the only gateway to your wallet if something were to happen to your device.

Although you don’t need to back up repeatedly, we advise you to review and update your storage method periodically. If you own multiple wallets, make sure that each of them has their recovery phrases stored safely and correctly.

Can hardware wallets be hacked?

Yes and no. Hardware wallets are designed to be highly secure and are resistant to hacking when used correctly. They store private keys offline, isolating them from internet-connected devices and protecting them from malware, phishing, or remote attacks. Advanced features, such as tamper-resistant secure chips (EAL 5+ standard) and manual transaction confirmations, make them extremely difficult to compromise.

However, no device is entirely immune to physical or social engineering attacks. If someone gains physical access to your wallet and your PIN, they will have access to your funds. Additionally, never enter your recovery phrase into unverified apps or websites as it will expose your private keys.

Final Thoughts on the Best Crypto Hardware Wallets for 2025

Hardware wallets are the gold standard for protecting your cryptocurrencies. By keeping the private keys offline, they offer unmatched security against online threats like hacking and phishing. Some of the best hardware wallets right now are Ledger Nano X, KeepKey, Trezor Model T, Ledger Nano S Plus, and SafePal S1. These wallets combine top-notch security with normie friendly user interface.

What sets hardware wallets apart is their offline functionality. Unlike online wallets that are vulnerable to common malware and scams, hardware wallets isolate your private keys. Features like PIN codes, recovery phrases, and manual transaction approvals add layers of protection. This combination makes it nearly impossible for cybercriminals to access your crypto.

These wallets are not just for experts; they’re also a good choice for beginners. With user-friendly interfaces and straightforward recovery options, they make securing crypto as simple as it gets. Whether you’re managing a diverse portfolio or holding long-term investments, there’s a hardware wallet to suit your needs. Based on our analysis, devices like Ledger Nano X and Trezor Model T are more fit for crypto-savvy users, while devices like SafePal S1 and Ledger Nano S Pro are fit for beginners as well. 

Remember, security isn’t just about the device – it’s also about your habits. Always store your recovery phrase offline in a safe location, verify transactions before confirming, and avoid entering sensitive information online.