For those of you who have bitcoins, by now you probably know that the most secure way you can store your Bitcoins is through the use of hardware wallets.
Hardware wallets use "Two factor authentication". The process of verifying a user's identity by two different methods. Mostly asking a user to present something he has and something he knows. This makes hacking a 2FA secured account much harder.
For example, when you withdraw money from an ATM machine you present something you have (the credit card) and something you know (the PIN code)."2FA" by making sure that in order to access a wallet you prove your identity by something you have (the physical wallet) and something you know (the PIN code for the wallet). If you’re serious about Bitcoin, you need to get a hardware wallet, I personally have 3 different ones.
#1 – Ledger Nano S Bitcoin hardware wallet
The Nano S has a sleek design, intuitive user interface and supports a wide variety of altcoins including (Ethereum, Litecoin, Dogecoin, Zcash, Dash, Stratis) and most importantly an attractive price tag. At the moment the Nano S sells for €58 which is around $63 making it the most affordable hardware wallet amongst the three as well.
The company making it (LedgerWallet) has been around long enough to gain a respectful reputation and in all honesty I couldn’t find anything bad to say about their product. Even though I tested this product personally, at the moment I’m still actually using a TREZOR. The main reason for this is because when I started out with Bitcoin the Ledger Nano S wasn’t around yet :)
#2 – TREZOR Bitcoin hardware wallet
My personal hardware wallet is a TREZOR. This is the oldest hardware wallet on the market and probably the most reputable one as well. TREZOR has a nice design, a very easy to understand user interface, and it supports Zcash, Dash and Ethereum aside from Bitcoin (ETH is supported through an external wallet called MyEtherWallet).
The price on the TREZOR is a bit higher and is currently $99. I can’t say it justifies a higher price than the Nano S and therefor it’s in 2nd place in my opinion. However, as I’ve mentioned before, this is a great wallet to use.
Finally, the main advantage TREZOR has over its competitors is the company reputation. One of the company’s founders is Marek “Slush” Palatinus, who also was also the creator of the first mining pool for Bitcoin (founded in 2010).
#3 – KeepKey Bitcoin hardware wallet
Coming in 3rd place is Keepkey, a Bitcoin hardware wallet with a beautiful though somewhat large design. Keepkey has similar features to TREZOR and the Ledger Nano S, however there are a few reasons that make it a bit less attractive in my opinion.
First, the wallet is too big for carrying in your pocket conveniently. The size of the Keepkey wallet is almost twice of the TREZOR or Ledger Nano S (as can be seen in the image above). Second, the company hasn’t built enough reputation in the community.
Additional things that make me hesitate regarding buying the product are:
I have written to their support several times but haven’t gotten a response yet
Their support page SSL certificate seems invalid
Some bad reviews from the past few month on Amazon seem to question the products reliability
On the bright side, Keepkey supports a wide variety of altcoins including ;Bitcoin, Litecoin, Dogecoin, Namecoin, Testnet, Ethereum, and Dash. Keepkey currently sales for $99 similar to TREZOR.
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