Top Picks for Cold Storage Security

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Best cold crypto wallet to secure digital assets - Ledger

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Top crypto wallets to secure digital assets are:

  1. Ledger – Trusted chip for secure transactions.

  2. Trezor – Ultra-portable with diverse cryptocurrency support.

  3. Binance Chain – User-friendly native hardware wallet.

  4. ELLIPAL Titan Mini – Air-gap security and robust construction.

  5. CoolWallet Pro – Hybrid air-gap security with a sleek design.

  6. NGRAVE ZERO – EAL7 certification for unmatched security.

In this article, TU experts will delve into the top cold crypto wallets, exploring their features, fees, and security measures. The discussion covers a variety of hardware wallets, including their purchase prices, withdrawal fees, and exchange fees. The pros and cons of each wallet, along with security measures such as secure elements, PIN protection, and recovery options, will be analyzed. The article also compares popular models like Ledger Nano S/X, Trezor, Binance Chain Wallet, ELLIPAL Titan Mini, CoolWallet Pro, and NGRAVE ZERO. Additionally, it outlines the benefits of cold wallets, their types, and factors to consider when choosing the right one based on individual crypto holdings and security preferences.

  • What is a cold wallet?

    A cold wallet is a secure, offline storage solution for cryptocurrency private keys, offering protection against online threats.

  • How do cold wallets enhance security?

    Cold wallets keep private keys offline, minimizing exposure to online attacks like phishing and malware and providing unmatched security.

  • Why consider a cold wallet over a hot wallet?

    Cold wallets offer peace of mind, a reduced risk of accidental spending, and heightened security compared to hot wallets connected to the internet.

  • What are the drawbacks of using a cold wallet?

    Cold wallets may be less convenient for frequent transactions, carry the risk of losing access if private keys are forgotten, and can be more expensive than some online solutions.

Secure Your Crypto – Top Cold Wallets for Ultimate Protection

Crypto Wallet Fees

Wallet Withdrawal Fee Exchange Fee

Ledger Nano S/X

Withdrawal fee of $10

Lower of $5.00/ contract or 25% of the price for every contract.

Trezor Model One/T

Varies; often waived by exchanges

0.10% - 0.50% (on Trezor Suite partner exchanges)

Binance Chain Wallet

N/A (BSC native wallet), $1 and $15 for fiat currency

flat 0.1% spot trading fee

ELLIPAL Titan Mini

Varies; often waived by exchanges

0.15% - 0.50% (on EllieApp partner exchanges)

CoolWallet Pro

Varies; often waived by exchanges

0.10% - 0.50% (on CoolWallet app partner exchanges)

NGRAVE ZERO

Varies; often waived by exchanges

0.10% - 0.50% (on NGRAVE app partner exchanges)

Wallet Other Costs

Ledger Nano S

€79 (~$84) purchase price

Ledger Nano X

€149 (~$158) purchase price

Trezor Model One

€69 (~$74) purchase price

Trezor Model T

€215 (~$228) purchase price

Binance Chain Wallet

Free mobile app, exchange fees for trading

ELLIPAL Titan Mini

$139 purchase price

CoolWallet Pro

€149 (~$158) purchase price

NGRAVE ZERO

€498 (~$525) purchase price

Feature Ledger Nano S/X Trezor Binance Chain Wallet ELLIPAL Titan Mini CoolWallet Pro NGRAVE ZERO

Cold Storage

Yes

Yes

Yes

Yes

Yes

Yes

2-Factor Authentication

Yes

Yes

Yes

Yes

Yes

Yes

Non-Custodial Storage

Yes

Yes

No

Yes

Yes

Yes

Successful Hacks

No

No

Yes

No

No

No

Ledger Nano S/X

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The Ledger Nano S and Nano X are commonly referred to as "cold wallets." In simple terms, these are physical devices similar to USB flash drives that enable you to store your valuable tokens and coins offline, providing an extra layer of security compared to online or "hot wallets."

Ledger offers two main hardware wallet options: the newer Ledger Nano S Plus and the slightly older Ledger Nano X. Both are designed to keep your crypto safe by storing it offline, and your choice between them will depend on the specific features that best suit your needs.

Ledger Nano X vs. S

Feature Nano S Nano X

Price

$59 USD

$149 USD

Display

Basic black and white

Color touchscreen

Connectivity

Micro-USB

USB-C

Battery

No (requires constant connection)

Yes (up to 8 hours)

Supported Cryptocurrencies

Over 500

Over 500

Security Features

Secure Element (SE), PIN, 24-word recovery phrase

Secure Element (SE), PIN, 24-word recovery phrase, Bluetooth

Best for

Beginners, budget-conscious users

Experienced users, those who value convenience and security

Connectivity

USB-A

USB-C + Bluetooth

Mobile Support

No

Android

Number of Apps

45570

100

Supported Cryptocurrencies

5500+

5500+

NFT Support

Yes

Yes

Staking & Earning

Limited options

More options with partners

Ledger Nano S/X Pros

  • Small USB device is compatible with a wide range of cryptocurrencies.

  • Security chip ensures robust protection for cryptocurrency assets.

  • Easy-to-use interface and Ledger Live software for asset management.

  • Supports a diverse array of cryptocurrencies and tokens.

Ledger Nano S/X Cons

  • Some cryptocurrencies may require third-party programs, adding complexity.

  • Limited cryptocurrency apps can be installed simultaneously, requiring uninstallation for more.

  • Setup and usage may be time-consuming for beginners, necessitating technical knowledge.

Security Measures of Ledger Nano S/X

  • Private keys, vital for security, are stored in a secure microcontroller, the Secure Element.

  • Isolation shields private keys, preventing external hacking attempts and cyber-attacks.

  • Two-factor authentication adds an extra layer of verification for enhanced security.

  • Physically pressing buttons on the device is required to complete transactions, preventing unauthorized operations.

  • Operating without direct internet connection minimizes the risk of online attacks.

  • A recovery phrase, a set of words, serves as a fail-safe for restoring wallet access in case of loss or damage.

Trezor

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Trezor is a secure physical wallet for cryptocurrencies, ensuring safety with a PIN code. It's user-friendly, supporting various digital currencies for easy management.

Key Feature Description

Portability and Cold Storage

Ultra-portable and operates as a cold wallet, ensuring enhanced security by keeping private and public keys safe from online and physical threats.

Coin Storage Mechanism

Does not store coins on the device itself; instead, seed phrases are stored in the device's internal memory, and keys are isolated to prevent network access.

Cryptocurrency Support

Supports over 1,800 types of cryptocurrencies, offering a wide range of options for users.

Onboarding Process

Smooth onboarding process for users, making it easy to set up and use the Trezor wallet.

Readable Displays

Displays are surprisingly readable, enhancing the user experience and ease of interaction.

Shamir Backup

Offers Shamir Backup, allowing users to split their recovery seed into multiple parts for maximum security and redundancy.

👍 Pros of Trezor

Trezor employs a secure chip, like those in passports and credit cards, ensuring the protection of your private key from tampering.

User-friendly interface for effortless management of various cryptocurrencies.

Recovery seed and backup features for access restoration and data reinstallation in case of device loss.

Shamir Backup option for enhanced recovery with a split recovery seed.

Trezor employs a secure chip, like those in passports and credit cards, ensuring the protection of your private key from tampering.

👎 Cons of Trezor

Limited support for some new cryptocurrencies, requiring updates.

Beginners may face a learning curve during initial setup and interface navigation.

Relatively higher price compared to some other hardware wallets.

Limited storage capacity may necessitate app deletions for handling different cryptocurrencies.

Security Measures

  • Private keys reside in an isolated microcontroller (Secure Element) to shield them from internet-based cyberattacks.

  • Access and transaction confirmation require a PIN code input and physical button pressing on the device.

  • A recovery phrase, typically 12 or 24 words, serves as a failsafe during device setup for access restoration in case of loss or damage.

  • Trezor operates without a constant internet connection, reducing exposure to risks associated with remote attacks.

  • Open-source code allows public scrutiny, community verification, and independent audits for enhanced security assurance.

Binance Chain Wallet

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Binance Chain Wallet is the official wallet for Binance Smart Chain, making it easy to manage BEP-20 tokens and access DeFi apps. It provides self-custody, letting you control your private keys for a secure DeFi experience.

Feature Description

Native Hardware Wallet

Dedicated hardware wallet designed for storing and managing Binance Smart Chain (BSC) tokens and crypto assets. Enhanced security by storing private keys offline.

Secure Element

Utilizes a tamper-proof Secure Element (SE) chip, similar to Trezor, adding an extra layer of protection for private keys. Resistant to physical tampering and sophisticated hacking.

Offline Signing

Transactions signed offline, ensuring private keys never leave the device and minimizing the risk of online vulnerabilities.

Multi-signature Support

Allows for multi-signature transactions, requiring multiple private keys to authorize a transaction, enhancing security for large holdings.

Direct Access to Binance DEX

Gain direct access to the Binance Decentralized Exchange (DEX) for trading BSC tokens without transferring to an exchange, saving time and fees.

Wide Coin Support

Primarily focused on BSC tokens but supports a growing range of other cryptocurrencies, including Bitcoin, Ethereum, and popular altcoins.

Open Source Firmware

Similar to Trezor, the firmware is open-source, promoting transparency and allowing the community to scrutinize the code for vulnerabilities.

👍 Pros

Non-custodial for complete control over funds.

Supports both Binance Chain and Binance Smart Chain tokens.

User-friendly interface suitable for beginners.

Built-in exchange for direct cryptocurrency trading.

Staking options for passive income.

Access to decentralized applications (dApps) on the Binance Chain.

Mobile app for on-the-go crypto management.

👎 Cons

Limited to tokens on the Binance Chain network.

Perceived centralization despite private key ownership.

Some users report challenges with Binance's customer support.

Security

  • Offline Cold Storage – Protects private keys offline, making them nearly inaccessible to hackers.

  • Secure Element – Utilizes a tamper-proof chip for an added layer of protection against physical tampering.

  • Multi-signature Support – Allows for multi-signature transactions, enhancing security for large holdings.

  • PIN Protection – Adds an extra layer of security with PIN protection for device access.

  • Open-source Firmware – Promotes transparency, enabling community scrutiny for vulnerabilities.

  • Recovery Seed – Provides redundancy with a recovery seed for wallet restoration in case of loss or damage.

ELLIPAL Titan Mini

ELLIPAL Titan Mini ensures top-notch security for your crypto with air-gapped technology, a military-grade chip, and self-destruct features on tampering. It supports various coins and NFTs, offering offline management from your phone. While it comes at a higher price, its serious security features make it a top choice.

Key Features Description

Air-Gap Design

Completely offline design, immune to internet and Bluetooth connectivity, with transactions confirmed using QR codes displayed on the device's screen.

Secure Element

Utilizes a tamper-proof Secure Element (SE) chip for safeguarding private keys.

Metal Construction

Robust cold-rolled stainless steel body provides physical protection against damage and tampering.

Wide Coin Support

Supports over 1000 cryptocurrencies, including major coins like Bitcoin and Ethereum, as well as lesser-known tokens.

Open Source Firmware

Firmware is open-source, promoting transparency, and allowing the community to review the code for vulnerabilities.

Multi-signature Support

Enhances security for large holdings by requiring multiple private keys for transaction authorization.

Recovery Options

Supports both mnemonic seed phrases and offline backup via QR codes for wallet restoration in case of device loss or damage.

Intuitive Interface

User-friendly touchscreen interface simplifies crypto management, suitable for beginners.

Additional Features

Password management, DApp integration, and staking capabilities for certain coins.

Incorporated Exchange

Users can easily perform cryptocurrency transactions within the wallet, eliminating the need to transfer assets to external platforms.

👍 Pros

Unmatched Air-Gap Security – Offers unparalleled protection against online threats.

Durable Construction – Built to endure physical damage and tampering attempts.

Extensive Coin Support – Accommodates a wide variety of cryptocurrencies and tokens.

Multiple Recovery Options – Provides flexibility for wallet restoration in unforeseen circumstances.

User-Friendly Interface – Makes crypto management accessible to both experienced and new users.

👎 Cons

Higher Price Point – Comes at a steeper cost compared to other hardware wallets.

Limited Airdrop and DeFi Support – Currently lacks direct integration with specific airdrop and DeFi platforms.

Security

  • Air-Gap Technology – Transactions are conducted on the device, reducing the risk of online hacking.

  • Secure Element Chip – Dedicated hardware storage ensures the security of private keys.

  • Multi-signature Support – Requires multiple private keys for added authorization in transactions.

  • PIN Protection – User-defined PIN enhances access security to the device.

  • Recovery Seed – A secure mnemonic phrase allows for wallet restoration in case of loss or damage.

  • Offline QR Code Backup – QR codes enable offline backup and restoration without the device.

  • Open Source Firmware – Code transparency allows community scrutiny for potential vulnerabilities.

  • Regular Security Audits – Independent audits help identify and address security risks through regular checks.

CoolWallet Pro

The CoolWallet Pro stands out as a top NFT wallet, providing secure and convenient access to DeFi, Dapp, and NFT features through an encrypted Bluetooth connection. Its tamper-free and water-resistant design, along with a long-lasting lithium-ion battery, enhances its durability. The wallet prioritizes security with multi-layer cold storage features, including an EAL6+ secure element, AES256 encrypted Bluetooth, and advanced processors for power management.

Feature Description

Supported Coins

BTC, ETH, LTC, XRP, XLM, BNB, USDT, TRX, Tezos, Cardano, ETH 2.0, and various ERC20 tokens.

Type of Wallet

Cold wallet design for maximum security, keeping digital assets offline.

Dimensions & Weight

Sleek and portable, with dimensions of 85.6mm x 54mm x 0.8mm.

Exchange Integration

Integrated exchange feature for seamless transactions and trades.

Material

OLED screen and robust metal body for a premium look and durability.

Staking Support

Supports staking for Polkadot (DOT), Cosmos (ATOM), and Tron (TRX), allowing users to earn rewards.

Global Availability

Available for delivery to all countries, ensuring worldwide accessibility.

Power

Fueled by a lithium rechargeable battery (3 V, 15 mAh) for long hours of usage.

Integrations

Integrates with DeFi platforms, Dapps, and NFT platforms like Compound and Opensea.

Supported Platforms

Compatible with both Android and iOS platforms.

Price

Available at a price of $149.

👍 Pros of CoolWallet Pro

Hybrid Air-Gap Security – Combines air-gapped QR code transactions with optional Bluetooth for mobile integration.

Military-Grade Security – Features a tamper-proof stainless steel body and a secure military-grade chip.

Extensive Coin Support – Supports over 4000 cryptocurrencies, including major coins and altcoins.

Open Source Firmware – Code transparency for community scrutiny and vulnerability checks.

Multi-signature Support – Adds security with multiple private keys for transaction authorization.

Multiple Recovery Options – Supports mnemonic seed phrases and ColdCard backup cards for restoration.

Intuitive Mobile App – CoolWallet app for user-friendly crypto management, price tracking, and on-the-go transactions.

Additional Features – Password management, DApp integration, staking, and customizable themes.

👎 Cons of CoolWallet Pro

Limited Air-Gap Functionality – Certain features, like firmware updates, require Bluetooth connectivity.

Battery Dependence – Requires regular charging, unlike button and QR code-only hardware wallets.

Subscription-Based Mobile App – Advanced mobile app features may require a paid subscription.

Security

  • Unique air-gapped and Bluetooth connectivity ensures secure transactions and mobile app convenience.

  • Military-grade stainless steel body and secure element chip resist physical damage and protect private keys.

  • Advanced cryptographic protocols, including ECC and SHA-256, provide robust security.

  • Additional measures include multi-signature support, multiple recovery options, PIN protection, and open-source firmware.

  • Regular security audits ensure ongoing identification and resolution of potential risks.

NGRAVE ZERO

NGRAVE ZERO, known as "The Coldest Wallet," is a highly secure device designed in Belgium. It boasts air-gapped and tamper-proof features, along with an EAL7 security-certified OS. Supporting 3500+ coins, including ERC20, ESDT tokens, and ETH NFTs, ZERO prioritizes durability with high-end metal alloys. Its compact size, large touch screen, and QR code transaction signing enhance the user experience. With IP55 certification for water and dust resistance, a biometric sensor, and excellent customer support, ZERO ensures top-notch security and convenience for cryptocurrency users.

Key features

Features Description

EAL7 Certification

Highest software security certification in the world, indicating rigorous penetration testing and vulnerability analysis for NGRAVE ZERO's code.

Coins Supported

Over 1000 supported cryptocurrencies and tokens, including major coins like Bitcoin and Ethereum, as well as lesser-known tokens and altcoins.

Global Availability

Worldwide shipping, with exceptions for some countries.

Mobile Application

Dedicated applications for both Android and iOS platforms for seamless on-the-go crypto management.

Dimensions

125mm (4.92″) x 70mm(2.7″) x 13mm (0.51″) for portability without compromising display size.

Material

Made from a customized alloy of zinc, aluminum, magnesium, and copper, ensuring durability.

Battery

Powered by a 1200 mAH battery for extended usage without constant recharging.

Connectivity

Complete offline functionality by using QR codes to communicate with the LIQUID mobile app.

Blockchain Compatibility

Supports widely used ERC20 tokens and ESDT.

Price

Available at a price of 398 USD. Combo pack option is available at 498 USD.

👍 Pros

Unmatched security with air-gapped design, tamper-proof features, EAL7-certified software, and a Secure Element chip.

Premium design, large touchscreen, and advanced features like fingerprint sensors and multi-signature support.

Wide coin support for various cryptocurrencies with a user-friendly interface.

Open source firmware for transparency and community scrutiny of the code.

👎 Cons

High price point and no dedicated mobile app may deter budget-conscious users.

Steeper learning curve due to advanced features and air-gapped nature.

Limited battery life compared to some hardware wallets relying on buttons and QR codes.

Security

  • Transactions are secured with air-gap technology, ensuring all processes occur on the device with no network connection.

  • The Secure Element Chip safeguards private keys in a dedicated hardware enclave, enhancing cryptographic operations.

  • Cold signing ensures private keys never leave the device during transactions, minimizing exposure to online threats.

  • Multi-signature support adds an extra layer of authorization, requiring multiple private keys for sensitive transactions.

  • PIN protection safeguards device access with a user-defined PIN, providing an additional security layer.

  • A mnemonic seed phrase offers a secure backup for wallet restoration in case of device loss or damage.

  • Offline QR code backup allows for an alternative recovery method without the need for the device itself.

  • Open-source firmware enables community scrutiny and verification of the code for potential vulnerabilities.

  • Regular security audits by independent firms ensure the ongoing identification and resolution of potential security risks.

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What are Cold Crypto Wallets?

Cold wallets are offline storage solutions for your cryptocurrency private keys. They come in various forms, such as physical devices, paper documents, or dedicated offline computers. Unlike "hot wallets" connected to the internet, cold wallets provide an extra layer of security by remaining offline.

Types of Cold Wallets

Type Description

Hardware Wallets

USB-like devices (e.g., Ledger, Trezor) store keys within a chip for enhanced security.

Paper Wallets

Sheets of paper with QR codes representing private and public keys but are susceptible to damage.

Metal Wallets

Durable metal plates with etched keys offer better longevity compared to paper wallets.

Air-Gapped Computers

Dedicated offline computers are used exclusively for managing crypto, maximizing security.

Benefits of Cold Wallets

  • Unmatched Security – Offline keys are nearly immune to online attacks like phishing and malware.

  • Peace of Mind – Knowing your crypto is in a secure vault can be reassuring for long-term investments.

  • Reduced Risk of Accidental Spending – Cold wallets, being less accessible, discourage impulsive transactions.

Drawbacks of Cold Wallets

  • Inconvenience – Transactions may require planning and manual connection to online devices.

  • Loss of Access Risk – Forgetting your private key or losing the wallet means losing your crypto permanently.

  • Higher Cost – Hardware wallets can be more expensive compared to free software wallets.

Is a Cold Wallet Right for You?

It depends on your crypto holdings and security needs

  • Recommended for – Large crypto investments, long-term investors, and security-conscious individuals.

  • Not Ideal for – Frequent traders, small crypto holdings, and those comfortable with online solutions.

Team that worked on the article

Parshwa Turakhiya
Contributor

Parshwa is a content expert and finance professional possessing deep knowledge of stock and options trading, technical and fundamental analysis, and equity research. As a Chartered Accountant Finalist, Parshwa also has expertise in Forex, crypto trading, and personal taxation. His experience is showcased by a prolific body of over 100 articles on Forex, crypto, equity, and personal finance, alongside personalized advisory roles in tax consultation.

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.

Tobi Opeyemi Amure
Cryptocurrency and stock expert

Tobi Opeyemi Amure is an editor and expert writer with over 7 years of experience. In 2023, Tobi joined the Traders Union team as an editor and fact checker, making sure to deliver trustworthy and reliable content. The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options.

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