Crypto Wallets: You might have heard about cryptocurrencies like Bitcoin and Litecoin by now. You might even be considering investing in cryptocurrencies to make some money from the fluctuations in their prices. However, before you do that, it’s a good idea to start learning about storing your cryptocurrency offline and in cold storage, especially if you live in India where crypto-related crimes are on the rise.
Here are 10 of the best hardware crypto wallets you can use to store your cryptocurrency offline in India:
1) KeepKey
If you’re interested in storing cryptocurrency offline, one of your best options is a hardware wallet. The Ledger Nano S was one of our favorite cryptocurrency wallets until it stopped supporting Ethereum last year. Thankfully, there are now several other hardware wallets that support Ethereum, and most also store a wide variety of coins.
The KeepKey wallet can store Bitcoin, Ethereum (including ERC-20 tokens), Litecoin, Dogecoin, Dash, and Namecoin. It supports Windows XP through Windows 10 (although it can be difficult to set up on some versions of Windows). It’s also compatible with Linux and Apple’s macOS platform via Chrome or Opera browsers.
2) Ledger Nano S
The Ledger Nano S is one of the most secure cryptocurrency hardware wallets. It is designed for security with robust safety features for storing cryptographic assets and securing digital payments. It connects to any computer through USB and embeds a built-in OLED display to double-check and confirm each transaction with a single tap on its side buttons.
The device can also be used for multi-currency transactions. Nano S supports Bitcoin, Ethereum, Litecoin, DASH, and Zcash by default. Other altcoins can be added by installing dedicated firmware images onto it.
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3) Trezor
The Trezor wallet is a hard plastic case with an LED screen and two physical buttons. As soon as you plug it into your computer, a window pops up that lets you set a password. You must use a strong password (that’s at least eight characters long) that contains both letters and numbers; avoid using personal information like birthdates or pet names.
Remembering your password can be tough, so consider writing it down on a piece of paper and storing it somewhere safely (like a vault). The Trezor comes preloaded with open-source software called Electrum, which allows you to receive Bitcoin and altcoin payments by adding an address through your computer or mobile device.
4) Ledger Blue
The Ledger Blue is a secure Bitcoin and Ethereum hardware wallet designed for enterprise-level users. It is water-resistant, with a focus on highly-secure cold storage of crypto assets like cryptocurrencies. Because it was designed with security and power efficiency in mind, you can use it even while connected to an insecure WiFi network (airplane, hotel).
Based on robust safety features for storing cryptographic assets and securing digital payments like bitcoin and ether, it connects to any computer (USB) and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons.
5) Digital Bitbox
The Digital Bitbox is a minimalist bitcoin hardware wallet packed with security and privacy. Made by a Swiss company, it’s easy to use, affordable, and can be used on both desktop and mobile. You can order your Digital Bitbox directly from Digital Bitbox.
While they don’t accept credit cards directly, they will ship internationally for free if you pay using Bitcoins or Litecoins. The Digital Bitbox also doesn’t have any log files for its users which means that transaction metadata isn’t kept.
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6) OpenDime
If you need a secure and private way to store your cryptocurrency offline, then a hardware wallet is exactly what you need. These devices are used to store cryptocurrency on a physical piece of hardware (like a USB drive or SD card) so that it can be accessed by you only when connected. You can use them with cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more.
Hardware wallets like Opendime provide one of the most secure ways to store cryptocurrency because they don’t actually have any access to your private keys–so no one else can access them either. And if an attacker were somehow able to get access? They’d still be limited by what functions are available through these devices. Check out our guide for more details about how these work!
7) Coldcard
First things first, Coldcard is one of the very few hardware wallets that runs natively on Android. It’s also open-source and supports multi-signature functionality. All cryptocurrency stored with Coldcard remains fully under your control at all times because there’s no third party involved. Your private keys are generated by your device and never leave it so you can be sure no hackers will ever get them – even if you lose your phone.
For ultimate security, use two-factor authentication (Google Authenticator works) when setting up a new device with Coldcard and make sure that another backup key is kept somewhere secure (this can be on paper or an external hard drive). You can buy Coldcard directly from their website.
8) Trezor Model T
Hardware wallets are always a good bet. They’re often small, compact, and easy to carry around, but with extra features built-in for added security. The Trezor Model T is ideal for people who have been using cryptocurrency long enough that they don’t need assistance from an exchange, but still want something secure enough that they can carry it around with them or leave it on their desk at work without worrying about unauthorized access.
The Trezor Model T comes with a screen (something previous models didn’t have) that displays seed phrases as well as transaction details. If your computer is compromised you lose your keys or if someone steals your hardware wallet – you won’t be exposed.
9) CoolWallet S
At less than $100, CoolWallet S is a sleek hardware wallet that makes storing cryptocurrency offline easy. It looks just like a credit card and can be easily transported. This means you can have access to your funds at all times, which isn’t possible with paper wallets or other software wallets. The CoolWallet S connects with any smartphone via Bluetooth, so there’s no need for an internet connection or cables to connect it to your computer; it works completely offline.
10) SecureX V20 Most Secure.
SecureX V20 is a hardware wallet built by Secure Internet, one of India’s leading wallet manufacturers. The device supports most major cryptocurrencies: Bitcoin, Ethereum, Ripple, and Litecoin. It is not compatible with Monero and has limited support for DASH and ZCash.
If you’re looking for a hardware wallet for high-value holdings but don’t want to invest in an expensive Ledger Nano S or Trezor product from Prague (both devices cost over $100), SecureX V20 makes an excellent choice at a fraction of those prices. The device is available directly from Secure Internet’s website for about $50 USD and comes with a 2-year warranty.
Wrapping UP
Cryptocurrencies are a new form of online currency that can be used for making payments. They aren’t made or issued by banks or any authorities, which makes them independent of any government. There are multiple advantages and risks involved with cryptocurrency, so storing them offline is highly recommended.
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