Top 12 Cold Wallets to Secure Your Cryptocurrency Investment on Any Budget

With diminishing trust in exchanges and hot wallets, cold wallets are gaining traction among investors. The FTX incident reiterates the dangers associated with online storage, highlighting that many could have mitigated their losses by utilizing hardware wallets for their cryptocurrencies.

Cold wallets, while not the sole option in the crypto storage landscape, offer superior security for your assets and come with a range of advanced features tailored to various user needs and financial plans.

This article reviews the 12 top cold wallets available, categorized by their type, EAL rating, pricing, and other important factors that influence usability.

Top Cold Wallets for Enhanced Security and User Experience

1. Tangem – Premier Cold Wallet

• Type: Hardware wallet;
• EAL rating: EAL6+;
• Type: Non-custodial;
• Supported Coins: Over 6,000 across 60+ networks;
• Price: $54.90 for the plastic version, $160 for the zirconia model;

Tangem was introduced in 2021 and stands out for its exceptional security with no breaches reported among 1.6 million devices.

This wallet features a reliable backup system for secure private key transfers between cards, augmented by access codes and biometric identification. With an IP68 rating, it is waterproof, dustproof, and resistant to EMPs, ESD, and X-rays.

User-friendly connectivity is simplified via NFC to the Tangem app for easy management.

Advantages of Tangem

• Tangem Express – Secure swapping of thousands of tokens through third-party exchanges directly in the app.
• Cost-effective – Offers strong security features at an affordable price.
• Seedless Setup – Options for creating a wallet without a seed phrase.
• Mobile Compatibility – Manage your cryptocurrency efficiently on mobile devices using NFC.

Disadvantages of Tangem

• Limited Asset Coverage – Supports many cryptocurrencies, but may delay adding new assets.
• No Desktop Compatibility – Does not work with desktop systems, which may limit laptop users.

2. Trezor Safe 5 – Most User-Friendly Option

• Type: Hardware wallet;
• EAL rating: EAL6+;
• Type: Non-custodial;
• Supported Coins: Over 7,000;
• Price: $169;

The Trezor Safe 5, launched on June 14, 2024, is Trezor’s latest iteration featuring a 1.54-inch color touchscreen made with Gorilla Glass 3. It integrates advanced elements like an NDA-free EAL 6+ Secure Element chip for private key security, a SHAMIR (SLIP39) backup with a 20-word recovery phrase, and optional encrypted PIN protection using microSD.

The Trezor Suite application enhances usability and management capabilities while ensuring high security through its sturdy design, interactive feedback, and user-friendly interface.

Pros of Trezor Safe 5

• Easy Navigation – The touchscreen and clear interface provide smooth navigation and transaction verification.
• Open Source – Promotes community involvement and security scrutiny through publicly available code.
• Enhanced Security Features – Includes options for encrypted microSD cards and additional PIN protection.

Cons of Trezor Safe 5

• Higher Cost – The price point may be prohibitive for budget-conscious users compared to simpler alternatives.

3. NGRAVE ZERO – Top Cold Wallet with Maximum Security Certification

• Type: Hardware wallet;
• EAL rating: EAL7;
• Type: Non-custodial;
• Supported Coins: Supports over 3,500 assets and NFTs;
• Price: $398;

NGRAVE ZERO presents an unparalleled cold storage solution that sets new standards in security by operating completely offline, storing private keys in a secure manner. Interaction occurs solely via QR codes through the NGRAVE Liquid application, ensuring that private keys remain safe from online threats.

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The NGRAVE ZERO is designed with a focus on security, being completely offline to avoid risks associated with online connections or USB interfaces.

This device showcases a 4-inch intuitive touchscreen and incorporates biometric authentication, enhancing its security features. Additionally, it comes with a 1200 mAh battery that provides extended operational time. The rugged design gives it a smartphone-like appearance while being water and dust resistant, which contributes to its durability.

Advantages of NGRAVE ZERO

• Completely Offline Functionality – Utilizes QR code transactions to guarantee that the private key is not vulnerable to network threats.
• Modern and Stylish Design – Features a touchscreen, integrated camera, and fingerprint scanner for functional yet user-friendly operation.
• Sturdy and Safe – Its water and dust-resistant structure combined with the durable battery ensures a long lifespan and physical protection.

Disadvantages of NGRAVE ZERO

• High Cost – Priced higher than many standard hardware wallets.
• Dependence on QR Codes – Users who favor traditional or quicker transaction methods might find the reliance on QR codes less appealing.

4. ELLIPAL Titan 2.0 – Top in Air-Gapped Security

• Type: Hardware wallet;
• EAL rating: EAL5+;
• Classification: Non-custodial wallet;
• Supported Cryptocurrencies: Over 10,000;
• Cost: $169;

Released on November 7, 2023, the ELLIPAL Titan 2.0 has gained popularity for its 4-inch color display, anti-tamper design, and air-gapped technology, providing secure offline storage for private keys.

Notably, it offers built-in asset exchange and DApp access via its mobile application, utilizing QR codes for facilitation and includes Changelly for fiat transactions. The app allows for unlimited wallet storage and features staking tools for passive earnings, with APYs reaching 10%.

Benefits of Ellipal Titan 2.0

• Excellent Security – Advanced technologies protect assets from online dangers.
• Robust Design – Metal-sealed casing and anti-tampering features shield against physical vulnerabilities.
• Extensive Compatibility – Supports numerous cryptocurrencies and allows fiat transactions via Changelly.
• DApp Integration – Effortlessly connects to the ELLIPAL app for DApp access.

Drawbacks of Ellipal Titan 2.0

• Limited Multisig Capability – Does not support Multisig wallets, potentially limiting security flexibility.
• Non-Open Source Firmware – The firmware is not publicly accessible, raising transparency concerns for some users.
• QR Code Reliance – Transactions are QR code-based, which might not suit those preferring classic input methods.

5. Ledger Stax – Exceptional for Advanced Functionalities

• Type: Hardware wallet;
• EAL rating: EAL6+;
• Classification: Non-custodial wallet;
• Supported Digital Assets: Over 5,000;
• Price: $399;

Ledger Stax, the newest addition from Ledger known for its secure crypto solutions, blends style, usability, and safety, making it an ideal option for those seeking aesthetics along with functionality in cryptocurrency storage.

This device offers customizable security features including lock screens featuring NFTs, a 24-word recovery phrase, and PIN protection. This portable wallet empowers users to manage their assets seamlessly. Also, the Bluetooth and NFC capabilities facilitate easy management of multiple accounts through the Ledger Live app.

Advantages of Ledger Stax

• Connection to Ledger Live – Effortlessly links with the Ledger Live app for enhanced functionalities.
• Large Touchscreen – The high-resolution display makes the interface user-friendly and easy to navigate.
• Stylish Build – A modern and sophisticated design that balances looks with usability.
• Diverse Cryptocurrency Support – Supports a wide variety of popular cryptocurrencies for effective portfolio management.

Disadvantages of Ledger Stax

• Expensive – Priced at $399, it stands out as the costliest option compared to other Ledger devices.
• Display Technology – Utilizes an E-Ink screen rather than OLED, which might affect visual experience.

6. BitBox02 (Multi Edition) – Optimal for Effective Crypto Management

• Cold Wallet Type: Hardware wallet
• EAL Rating: Not specified;
• Wallet Category: Non-custodial wallet;
• Supported Cryptocurrencies: 1500+ coins and tokens;
• Price: $149;

BitBox02 was introduced in 2020 by Shift Crypto, a company based in Switzerland. It aims to provide safe and effective management of cryptocurrencies. There are two variants available: the Bitcoin-only version, which specializes in securing Bitcoin, and the multi-edition, which accommodates Bitcoin, Ethereum, Litecoin, and ERC20 tokens, catering to a wide range of popular cryptocurrencies.

It features a mobile and desktop-friendly design with an OLED display, touch sliders, and USB-C connectivity, making it easy to use on various devices. Security is robust, featuring FIDO U2F authentication and compatibility with DeFi applications. A microSD card backup option is included for straightforward recovery in the event of loss or damage.

Advantages of BitBox02

• High Security – Enhanced by a secure chip and open-source firmware, ensuring strong protection for digital assets.
• Compatibility Across Devices – Usable on both desktop and Android applications for versatile access.
• DeFi Functionality – Works well with decentralized finance (DeFi) platforms, adding to its utility.
• User-Friendly Design – Features intuitive touch controls and an OLED screen that simplifies navigation for users at any experience level.

Disadvantages of BitBox02

• Limited Asset Options – Offers support for fewer cryptocurrencies compared to some other wallets.
• No iOS Support – Currently not available for iOS, only for macOS devices.
• Basic Software Features – The app includes fewer functionalities compared to other wallet applications.

7. Cypherock X1 – Top Cold Storage Wallet for Seedless Recovery

• Cold Wallet Type: Hardware wallet;
• EAL Rating: EAL6+;
• Wallet Category: Non-custodial wallet;
• Supported Cryptocurrencies: 9,000 cryptocurrencies and NFTs;
• Price: $199;

Cypherock X1 debuted in 2022, changing how cryptocurrencies are stored by removing the reliance on traditional seed phrases. It employs Shamir’s Secret Sharing to distribute private keys over four physical cards and the X1 Vault, providing superior protection. Only two out of five parts are required to recover access or perform transactions, minimizing the risk of centralized failure points.

With no need for a seed phrase backup and an advanced security rating of EAL6+, this wallet stands strong against both cyber and physical threats. Its portable design includes NFC and USB-C capabilities for secure use on the go.

Moreover, it operates seamlessly with Cysync, an application supporting multiple platforms for convenient asset management.

Advantages of Cypherock X1

• Seedless Recovery – This system negates risks tied to conventional recovery phrases by utilizing key-sharing methods.
• EAL6+ Security Rating – Provides an advanced level of protection against various threats.
• Cross-Platform Compatibility – The Cysync application is compatible with Windows, macOS, and Linux, facilitating easy management.

Disadvantages of Cypherock X1

• Increased Complexity – The five-part system may be challenging for newcomers compared to usual hardware wallets.
• Small Display – The 0.96-inch screen is smaller than those found on many other advanced hardware wallets.

Top 5 Cold Wallets Priced Under $100

1. Trezor Safe 3 – Top Cold Wallet Under $100

• Cold Wallet Type: Hardware wallet;
• EAL Rating: EAL6+;
• Wallet Category: Non-custodial wallet;
• Supported Assets: 1,000 coins and tokens;
• Price: $79;

If the Trezor Safe 5 exceeds your budget, then Trezor Safe 3 serves as a fantastic alternative for both novice and experienced users. Featuring mandatory security options such as CoinJoin for enhanced transaction anonymity, the Shamir backup for better recovery, and a strong secure element chip, this cold wallet is a comprehensive and user-friendly choice.

It also showcases a user-friendly monochrome display alongside physical buttons, ensuring simple navigation and ease of use.

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Trezor Safe 3 Overview

The Trezor Safe 3 is designed for effortless use, featuring a clear layout and advanced privacy capabilities. Users can benefit from enhanced security through technologies like CoinJoin and Shamir backup, ensuring both safety and recovery.

Advantages of Trezor Safe 3

• Wide Asset Compatibility – Supports a multitude of cryptocurrencies to cater to different user needs.
• Strong Security Measures – Equipped with a secure element chip and offline key storage to fend off unauthorized access.
• Intuitive Operation – Physical buttons and a straightforward display make it easy for users to navigate and manage their holdings.

Disadvantages of Trezor Safe 3

• No Touchscreen – The lack of a touchscreen may be a drawback for those who favor modern, touch-based interfaces seen in premium models.
• Fewer Advanced Features – Compared to pricier alternatives, it may miss out on some sophisticated functionalities.

2. Ledger Nano S Plus: Ideal Entry-Level Cryptocurrency Wallet

• Type: Hardware wallet;
• EAL Rating: EAL5+;
• Structure: Non-custodial wallet;
• Supported Assets: 5,500+ coins and tokens;
• Price: $87;

The Ledger Nano S Plus provides a compact solution for secure token storage, featuring a CC EAL5+ certified secure element chip and a clear 128×64 pixel display for user-friendly navigation.

This wallet is characterized by its extensive support for digital assets and aids efficient asset management through its visibility and ease of use.

Pros of Ledger Nano S Plus

• Broad Asset Support – Compatible with over 5,500 cryptocurrencies.
• Robust Security – The secure element chip keeps private keys offline.
• Ample App Storage – Can store up to 100 apps, suitable for diverse cryptocurrency management.

Cons of Ledger Nano S Plus

• Fewer Advanced Features – Lacks certain high-end functionalities that models like the Ledger Nano X offer.
• Basic Display – The 128×64 pixel display might feel limited compared to larger, advanced screens.

3. SafePal S1: Budget-Friendly Air-Gapped Cold Wallet

• Type: Hardware wallet;
• EAL Rating: EAL5+;
• Structure: Non-custodial wallet;
• Supported Assets: Covers the most popular cryptocurrencies across 100+ blockchains;
• Price: $49.99

The SafePal S1 was initiated in 2018 by SafePal and is known for its strong security, backed by Binance’s investment. Its air-gapped signing technology allows for transactions to be completed without any internet connection, ensuring a high level of security.

This wallet features a secure element chip for added safety, an intuitive interface with a PIN for access, and a clear OLED screen for seamless navigation.

Pros of SafePal S1

• Cost-Effective – At $49.99, it provides an affordable option for secure storage.
• Extensive Asset Compatibility: Supports more than 100 blockchains.
• Air-Gapped Verification – Transactions are conducted through QR codes, ensuring full air-gap security.
• Mobile Support – Accompanied by a mobile app for both Android and iOS, enhancing user accessibility.

Cons of SafePal S1

• Battery Limitations – Battery life may not suffice for long sessions without a recharge.
• Limited Integrations – Mainly integrates with the SafePal hot wallet, which may not suit users looking for broader functionality.

4. Blockstream Jade: Best Budget Cold Wallet for Bitcoin and Liquid Network Users

• Type: Hardware wallet;
• EAL Rating: Not specified;
• Structure: Non-custodial wallet;
• Supported Assets: Specifically for Bitcoin and the Liquid Network;
• Price: $64.99;

The Blockstream Jade, introduced in 2021, is an economical cold storage solution tailored for Bitcoin and Liquid Network users, blending security with usability through a 29 mm IPS LCD screen and offline storage for private keys. While it focuses primarily on these assets, it implements Multisig Shield technology for enhanced protection, solidifying its suitability for Bitcoin enthusiasts.

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purists.

Among its standout features, Blockstream Jade offers enhanced security through offline key storage, secure components, and Multisig Shield technology, ensuring robust asset protection. Users can also carry out air-gapped transactions using the integrated camera to scan QR codes, making transactions fully offline and secure. This wallet operates on open-source software, which supports transparency and community contributions.

Advantages of Blockstream Jade

• Security Emphasis – This wallet prioritizes asset safety with features like Multisig Shield, offline key storage, and air-gapped transactions.
• Portable Size – Its compact and lightweight design enhances portability for daily use.
• Budget-Friendly – At just $64.99, it stands as one of the more affordable cold wallets.

Disadvantages of Blockstream Jade

• Narrow Compatibility – Currently supports only Bitcoin and assets on the Liquid Network.
• Limited Display – The small 29 mm screen might not suit those who prefer larger displays.

5. KeepKey – Ideal for Integrated Crypto Trading

• Wallet Type: Hardware wallet;
• EAL Rating: Not defined;
• Wallet Type: Non-custodial wallet;
• Coins Supported: Approximately 7,000 assets from 350 different chains;
• Price: $78

KeepKey, created by ShapeShift, is a wallet designed for cold storage that merges advanced functionalities with high-level security for safeguarding digital assets.

This device features integrated trading via ShapeShift, allowing users to trade and procure assets directly from the wallet for streamlined asset management. Its robust security includes multiple protective layers like PIN security and a 12-word recovery phrase for securing funds against risks.

Advantages of KeepKey

• Intuitive User Interface – The sleek OLED display makes it easy to navigate and interact with the wallet.
• Wide Crypto Support – Accommodates a diverse array of cryptocurrencies.
• Strong Security – Implements significant security measures to protect both funds and private data.
• Cost-Effective – Provides substantial value at a competitive price point given its features and security.

Disadvantages of KeepKey

• No Bluetooth Functionality – Excludes Bluetooth features, restricting some wireless capabilities.
• Limited NFT Support – Not suitable as an NFT wallet, which may not appeal to collectors.
• Third-Party Software Needed – Requires additional software like Electrum or MultiBit for some functionalities, differing from wallets that have web features built-in.

Types of Cold Storage Crypto Wallets

In our selection of the best cold storage wallets, we’ve focused primarily on hardware options due to their prevalent use and security. It’s beneficial to recognize that other cold storage methods are also available, including:

• Paper Wallets – These are printed documents from around 2013-2014 that hold your private keys, often presented as QR codes. While they keep keys offline, they are susceptible to physical damage and loss. Transactions from paper wallets can be complex and risk exposing private keys online. Always use a trustworthy crypto paper wallet generator to safeguard your funds.
• Sound Wallets – Similar to paper wallets, these use audio files to store private keys. Though they offer better durability than paper, they still face physical damage risks and require specific technology for management.
• Deep Cold Storage Wallets – This method represents the most basic and extreme cold storage, utilizing inconvenient processes for accessing keys, such as burying hardware wallets or engaging third-party services that complicate retrieval.

Essential Features to Consider in a Cold Storage Wallet

1. Security Features

• Two-Factor Authentication (2FA) – Requires an additional verification step, enhancing security against unauthorized access.
• Strong Encryption – Ensure that robust encryption is in place to safeguard private keys and transaction data from cyber threats.
• Backup Seed Phrase – A backup consisting of 12 or 24 words that aids in recovering your wallet if the device is misplaced. Keep this information secure and offline.

2. User Experience

• Ease of Use – Look for wallets with user-friendly interfaces. Beginner-friendly options like Ledger Stax can be helpful.
• Compatibility – Choose wallets that are functional on both mobile and desktop devices.
• Software Integration – Ensure the wallet integrates smoothly with applications such as Ledger Live for hassle-free asset and transaction management.

3. Supported Cryptocurrencies

• Broad Asset Support – Seek wallets that can handle multiple cryptocurrencies.
• Native Support – Some wallets, like Trezor, provide direct access to major assets without needing extra applications for certain coins.

Frequent Mistakes to Avoid

• Forgetting Your Seed Phrase/Private Keys – These are crucial for accessing your funds, and losing them can result in permanent loss. Store them securely and offline.
• Improper Storage – Ensure your hardware wallet is protected from damage or theft, and keep backups of your seed phrase in a separate, secure location.
• Using Unreliable Sources –
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  Devices/Software – Only connect your wallet to devices you trust and use official applications. It’s best to steer clear of third-party software since cold wallets reduce the risk of malware infections.

Frequently Asked Questions

What is a Crypto Cold Wallet?

A crypto cold wallet, also known as a cold storage wallet, is designed to keep your cryptocurrency safe by storing it offline, which helps protect it from online risks like malware attacks. In contrast to hot wallets, which continually connect to the internet, cold wallets remain offline, making them a highly secure option for crypto storage.

These wallets don’t contain the cryptocurrency itself but safeguard the private keys required for access. They are well-suited for the long-term holding of significant assets due to their robust security features.

Why Use Cold Wallets?

Cold wallets are regarded as one of the best options for securely storing high-value crypto assets due to their superior security features. By keeping your private keys off the internet, cold wallets help protect against online threats and ensure that your funds are safe from unauthorized access.

What is the Top Crypto Cold Wallet?

According to Forbes Advisor’s most recent rankings from October 2024, three cold wallets are highlighted as the best options. Leading is the Ledger Wallet, rated a notable 4.9 out of 5. Following closely is Ellipal, with a solid 4.8 rating, while SafePal comes in third with a respectable 4.5. These ratings reflect the reliability and strong features of these wallets, making them favored for securing digital assets.

How to Sell Crypto from a Cold Wallet?

To sell cryptocurrency stored in a cold wallet, you need to connect it to a cryptocurrency exchange. Once the connection is made, you can place buy or sell orders as needed. The exchange will then handle the transaction, either transferring cryptocurrency to or from your cold wallet based on your instructions.

What Sets Cold Wallets Apart from Hot Wallets?

The main difference between hot wallets and cold wallets lies in their connection to the internet. A hot wallet, which is accessible via computers or mobile devices, allows for convenient online transactions. In contrast, a cold wallet utilizes hardware devices or other offline methods for data storage, providing enhanced security.

Final Thoughts

Using cold wallets is essential for anyone engaged in cryptocurrency trading or investment. They offer a secure means of protecting digital assets. By keeping private keys offline, cold wallets mitigate the risks of hacking, malware, and phishing attempts, ensuring your cryptos remain secure from unauthorized access.

Alongside their strong security capabilities, cold wallets offer peace of mind for those looking to store their assets long-term, making them an excellent choice for both investors and traders. With multiple options available at different price points, you can effectively manage your cryptocurrency security.

* The details in this article and the links included are meant for informational purposes only and should not be considered financial or investment advice. It’s advisable to do your own research or consult a financial professional before making any financial decisions. We are not liable for any losses incurred from the information provided on this website.

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