You should choose a Hardware Wallet that is compatible with the Cryptocurrencies you trade or want to store. Some Hardware Wallets support more Cryptocurrencies than others, so ensure the device you are interested in supports the Cryptocurrency you deal with. Check the fine print to make sure the coins, tokens or NFTs you want to store are actually supported by the wallet you're considering using.
Hardware wallets usually come with their own native software interface (like Ledger Live or Trezor Suite). Many devices also allow you to interact with your crypto holdings using a third-party wallet - for example, if you were storing Ether (ETH) on a Ledger Nano X, you could manage your tokens using either the Ledger Live app or the third-party wallet MyEtherWallet.
You should choose a Hardware Wallet that suits your tech knowledge and level of crypto experience. Further to this, check out the manufacturers’ website which normally provide videos and ‘how-to’ presentations to gauge if the device is suitable for you. Consider how easy the wallet is to set up and use. If you don't completely understand the processes involved, there's always the very real risk of losing some or all your funds. With this in mind, make sure the wallet makes it as simple and straightforward as possible to keep track of your crypto holdings.
You should check to see if the Hardware wallet is suitable to your computer’s / smartphone's Operating system. You might be interested in a device which supports several types of Operating systems in the event you change or update your computer. Is the device compatible with the operating system you're running on your computer or smartphone?
Read up on the process required to backup your wallet, and restore your coins if something goes wrong. Is this process easy, and will it increase the level of security for your funds?
How secure is the wallet, and what features does it offer? Is it secured by a PIN? Does it include its own screen? Can you verify transactions by manually pressing buttons? Have there ever been any reported instances of security breaches involving the wallet? Certain Hardware Wallets offer more security than others. For the most part, the devices presented for your reference on this site all offer substantial security.
The Hardware Wallets presented on this website are all very reputable and credible in their own right. The teams behind the product as well as the companies themselves have been in business in the Crypto world for quite an extensive time and are all well known entities. That being said, you should make your own decision by visiting the respective websites to see how comfortable you feel with the brand.
This may not be an important feature for all users, but if you want to transport your wallet with you, consider how easy it would be to carry it around daily. Compare the sizes and weights of different hardware wallets.
Costs & prices. Cost: Hardware Wallets will vary in price. Further to this, depending on your geographic location, shipping costs are also to be considered when making your purchasing decision. Regardless, invest in peace of mind by purchasing a hardware wallet knowing it is the most secure and safest way to store your Cryptocurrency. Price: This is an important factor for many as hardware wallets aren't free. Compare the prices of competing wallets, including exchange rates and shipping costs if buying from an overseas retailer, to get a better idea of which option offers the best value.
Most manufacturers offer discounts and codes, the use of which will significantly reduce the price of the wallet. Some manufacturers offer free delivery of the wallet and accessories. It is known that the maximum discounts can be obtained on pre-holidays. It is important to note that buying devices directly, without intermediaries, in the official online stores of manufacturers will significantly reduce your costs.
Independent reviews. Do your research to find some independent reviews of any wallet you're considering. What do those reviewers list as the wallet's pros and cons? What problems (if any) have they had when using it, and do they recommend it?
They can help you determine which wallet is the ideal option for you, taking into account the reasons for your request, your experience, capabilities, as well as wallet requirements.