Best Cold Wallets of 2024! (So Far)

Summary

In this video, the host reviews the top five hardware wallets of 2024, emphasizing user-friendliness and security. Featured wallets include the Tangem Wallet for its convenience and durability, the SafePal X1 as a budget option, the Ledger Flex for its touchscreen and user-friendly app, the Treasure Safe 5 for its open-source security, and the 1Key Classic 1S for its no-frills approach. Each wallet is vetted for coin support, setup ease, and unique features, providing viewers a comprehensive guide to choosing the best hardware wallet for their crypto needs.

Takeaways

• 😀 The video reviews the best hardware wallets of 2024, focusing on user-friendliness and security.
• 🔒 The Tangem Wallet is highlighted as a favorite for its convenience, durability, and user-friendly design, suitable for daily use and travel.
• 💧 Tangem's IP68 rating makes it waterproof and resistant to extreme temperatures, adding to its travel-friendly features.
• 📱 The Tangem Wallet is a mobile-only hardware wallet that uses NFC technology and is managed through a mobile app.
• 🔐 The SafePal X1 is recommended as a budget-friendly option, noted for its functionality and open-source nature, despite its simple appearance.
• 🖥️ The Ledger Flex is praised for its secure E Ink touchscreen and user-friendly Ledger Live software, suitable for both mobile and desktop use.
• 💼 The Trezor Model 5 and Model 3 are recognized for their open-source security, with the Model 5 offering a larger touchscreen and a micro SD card port for enhanced security.
• 🔑 The 1Key Classic 1S is described as a no-frills wallet with essential security features, Bluetooth connectivity, and a user-friendly interface.
• 🛡️ The Keystone 3 Pro is the only airgap wallet in the list, featuring a large touchscreen, a camera, and a biometric fingerprint scanner for advanced security.
• 🌐 Coin support varies among wallets, with some like Tangem and Ledger Flex supporting a wide range of cryptocurrencies and blockchain networks.

Q & A

What are the criteria for selecting the hardware wallets discussed in the video?

The criteria for selecting the hardware wallets include user-friendliness, security, and the wallets being ones that the presenter personally uses and trusts to secure their crypto.

Why does the presenter consider Tangem their favorite daily driver?

The presenter considers Tangem their favorite daily driver because of its convenience, discreet and durable design, and the fact that it's the only hardware wallet they travel with.

What are the unique features of Tangem wallet that make it stand out?

Tangem wallet is unique because it is a hardware wallet card that uses an NFC antenna to communicate with a mobile app, has no battery to worry about, is IP68 rated for waterproof and temperature resistance, and is resistant to x-rays, EMPs, and electrostatic discharge.

How does the SafePal X1 differentiate itself from other hardware wallets in terms of security?

The SafePal X1 differentiates itself with a self-destruct mechanism that wipes the wallet's data if tampered with, PIN protection, and the option to create a hidden wallet with a 13th or 25th word passphrase.

What is the main advantage of the Ledger Flex over other hardware wallets?

The Ledger Flex's main advantage is its secure E Ink touchscreen, which reduces battery consumption and allows the screen to remain on even when the device is off, enhancing user experience and security.

How does the Trezor Model 5 and Model 3 differ in terms of design and functionality?

The Trezor Model 5 has a larger 1.54-inch touchscreen and uses a USB-C connection for power, while the Model 3 uses two buttons for navigation and has a smaller 96x64 pixel monochrome OLED screen. The Model 5 also has an optional micro SD card port for additional security.

What is the main selling point of the 1Key Classic 1S according to the presenter?

The main selling point of the 1Key Classic 1S is its simplicity, offering essential security features without unnecessary extras, and its affordability at $99, making it a reliable choice for beginners and advanced crypto users alike.

How does the Keystone 3 Pro's security features compare to other hardware wallets?

The Keystone 3 Pro stands out with its 4-inch screen, camera, biometric fingerprint scanner, and the ability to manage three separate seed phrases with three separate secure element chips, offering a high level of security and customization.

What is the significance of the EAL 6 Plus secure element chip in hardware wallets?

The EAL 6 Plus secure element chip is significant because it is a high-level security chip found in many bank cards and electronic passports, ensuring the highest level of security for the private keys stored in the hardware wallets.

How does the presenter ensure the wallets they recommend are trustworthy?

The presenter ensures the wallets are trustworthy by using them personally, focusing on user-friendliness and security, and by referencing third-party security audits and community feedback.