Here are the Winners for 2017’s Best Bitcoin Hardware Wallet

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For those of you who still haven’t watched out Bitcoin Whiteboard Tuesday’s episode on Bitcoin wallets I suggest you do so before reading any further. For those of you who have, 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 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.

Today I wanted to take the opportunity to list who I think are the best Bitcoin hardware wallets on the market for 2017. Keep in mind that the top 3 Bitcoin hardware wallets I will present are all great products. The difference between 1st, 2nd and 3rd place is somewhat minor as you’ll see soon enough.

Bitcoin hardware wallet sizes

#1 – Ledger Nano S Bitcoin hardware wallet

I’ve reviewed the Ledger Nano S not long ago and was absolutely impressed. The company, that used to be the second runner up in the Bitcoin hardware wallet race seemed to have matched it’s main opponent TREZOR.

The Nano S has a sleek design, intuitive user interface, a wide support of altcoins (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 from the top 3 as well.

ledger nano s review

The company (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 :)

Click here to learn more about the Ledger Nano S

#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).

trezor pin code device

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 and you can also read my full review of it here.

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 created the first mining pool for Bitcoin (founded in 2010).

Click here to learn more about TREZOR

#3 – KeepKey Bitcoin hardware wallet

Coming in 3rd place we have 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.

KeepKey

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:

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.

Click here to learn more about Keepkey

Additional Bitcoin hardware wallets on the market

Throughout the last 2 years I’ve also explored some additional Bitcoin hardware wallets that didn’t make the top 3 list so I’d like to mention them here.

CoolWallet is a credit card looking hardware wallet that you can carry around in your pocket. My review of Coolwallet was positive, however the wallet hasn’t gained enough marketshare in order for me to consider it a stable product.

BitLox is another hardware wallet I reviewed, however it was in early stages and I couldn’t get it to work properly. I haven’t taken another look at the product since then (this was back in the beginning of 2016) and the product may have become more user friendly.

Conclusion – If you’re serious about crypto, get a hardware wallet

It doesn’t get any simpler than this headline. Yes, hardware wallets cost money and no one like spending money on things they can get for free. But the amount of security you get by using a hardware wallet is much more valuable than the $50-$100 you’ll pay for purchasing the actual device.

Don’t say “it won’t happen to me” because once cryptocurrency becomes mainstream (and it seems like we’re getting there pretty fast) there will be many more cases of hacking or theft. Make sure you’re prepared…

Ofir Beigel

Owner at 99 Coins ltd.
Blogger and owner of 99Bitcoins. I've been dealing with Bitcoin since the beginning of 2013 and it taught me a lesson in finance that I couldn't get anywhere else on the planet. I'm not a techie, I don't understand "Hashes" and "Protocols", I designed this website with people like myself in mind. My expertise is online marketing and I've dedicated a large portion of 99Bitcoins to Bitcoin marketing.
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26 Comments on "Here are the Winners for 2017’s Best Bitcoin Hardware Wallet"

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Nivio
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Nivio

Great website. Theae hardware wallets are great, but its very frustrating that they only support a hand full of thr main coins…. im itching to invest big in some small coins but reluctant to do so when they are only supported by hot wallets. Does anyone know of any hardcore multicurrency cold wallets being developed at all ?

Alex
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Alex
Ofir, thanks for your brilliant site. You have a wonderful ability to explain complicated things. I want to make people aware that not everything is great with ledger. I got one after waiting for a month. The set up was straightforward enough. Then I had to upgrade the firmware to 1.3.1 version using chrome extension manager installed on my windows 10 notebook. No luck. My ledger screen showed the word “update”. I am stuck. Ledger team is aware of this problem and has a detailed instructions on how to deal with it. No luck here either. The first 11 steps… Read more »
Albert Doran
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Albert Doran

Sir: do I need a separate hardware wallet for each bitcoin machines, I have an S3, and 2 S7″s . I have not hook them up yet, what about the power source for each and do I need a dedicate asic miiner for each machine. Thanks. Just joined and thanks for the great articles. AJ

Zsofia Elek
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Zsofia Elek

Hi Albert, you do not have to use two different addresses as the miners are mining in the pool which distributes the coins to the address you specify.

Travis
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Travis

Is there some disaster recovery process available if your physical wallet goes missing or is destroyed?

Ken Shoufer
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Ken Shoufer

I agree that the Ledger Nano S is the best on the market. After using it for the past 2 months, I find it easy to navigate and reset. One problem I had with the Keepkey was that it was almost impossible to reset. The Ledger Nano S solved this problem with an ingenious solution.

CA
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CA

I don’t know Ofir I have a keep key and have had no problem with it or connectivity, support or anything else. Also the nice thing is that the screen is larger

Greg
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Greg

Just wanted to say: “Thank you, Ofir, for your excellent articles and easy to understand information.

I haven’t taken the plunge yet with Bitcoins, but will soon. I’m not sure how safe smartphones, Android, would be having accounts. Thanks again!

Rebecca
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Rebecca

Can you tell me if TBC coins or Betrobot coins can be transferred to bitcoins?

Rendy Marandhika
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Rendy Marandhika

Jeep key bitcoin hardwarenya Walker ia scure AMD nano ledger Walker because not connect internet?

Joan C Segura Oyamburu
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Joan C Segura Oyamburu

The problem with nano is that a hacked computer could see and record your pin! I rather have Trezor and use it anywhere I want.

Zsofia Elek
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Zsofia Elek

In case you have a hacked computer, you might have even more headaches…

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