Cold Bitcoin Storage Options

It it so important to secure your crypto by using a hardware wallet that stores private keys offline, making them independent of third parties and resistant to online threats.

Let’s discover the best Bitcoin cold wallets:

Trezor Safe 3

Trezor Safe 3 is one of the best cold wallet options for Bitcoin. It provides an easy and simple crypto management system.

Why It Is Great:

• You can manage your crypto in Trezor Suite App
• Send, receive, trade & stake your coins
• You can track your portfolio balance
• Every transaction is confirmed directly on your wallet
• Supports 1000s of coins & tokens
• Highly secure with EAL6+ chip for enhanced security
• Passphrase and PIN turns your wallet into a vault
• Open-source security and design
• Two-factor authentication & FIDO2 Standard
• Supports TOR and Coinjoin for extra anonymity and privacy
• Shamir Backup scheme – allows for secure and flexible recovery of private keys
• Compatible with various operating systems such as Linux, Microsoft, Mac, and mobile devices on iOS and Android

Trezor have also designed a limited edition, Bitcoin only version, that is black and orange.

Cost : Affordable price at £66

The only real disadvantage is that the Trezor Safe 3 does not have a touchscreen, but it is an excellent cold wallet option.

Ledger Nano S Plus

The Ledger Nano S Plus is a secure and versatile hardware wallet. It supports a variety of cryptocurrencies and NFTs.

Why It Is Great:

• It offers high security with a CC EAL5+ chip
• Supports 5000 + coins
• Large screen for ease of use
• Safeguards your crypto, NFTs and tokens
• Aesthetically pleasing multi colourways available
• Certified secure chip keeps your private keys offline, out of attackers’ reach
• Review your transactions with ease
• Compact and affordable – smaller and cheaper than other Ledger models

Cost : Affordable price at £69

The disadvantages are mainly lack of Bluetooth connectivity, does not support iOS, only Android devices and the recovery feature does require KYC (Know Your Customer) checks.

Cypherock X1

Cypherock X1 has two main components. It is a highly secure and innovative wallet for Bitcoin.

X1 Vault– This is the main device for storing crypto assets and signing transactions. It has an OLED display and a joystick, for ease of navigation.

X1 Cards– X1 Cards are encrypted NFC-based smartcards with EAL 6+ secure elements. In other words, they have exactly same secure hardware as that of your bank’s credit card, making Cypherock X1 an excellent choice.

Why It Is Great:

• It comes with an OLED display for clear transaction verification
• You can see the transactions that you authorise
• Features high security – EAL6+ certification and bank-grade encryption
• Has a dual chip architecture for offline computation & verification. It never stores the complete private keys to your Crypto
• Compatible with Windows, Mac and Linux
• Comes with a hard case for extra protection
• Built in Faraday cage allows for protection against remote electromagnetic signals
• Supports 9000+ crypto assets
• Compatible with multiple blockchain networks
• Can be used with multiple software wallets
• Features Shamir Backup – for efficient recovery of private keys

Cost : £159.00 , although sometimes can be cheaper with flash deals

The main disadvantages are the higher cost, and the fact that the wallet is made from plastic.

The Main Features To Look For When Choosing A Cold Wallet Are:

• Strong Encryption Mechanisms

• Multi-Signature Support

• Back Up And Recovery Options

• Transaction Fees

• User Friendliness And Set Up

• Compatibility

We will explore crypto security in a more in-depth post, but have identified a selection of the best cold wallets on the market in 2024, to assist with your choice.