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The 3 cheapest and safest hardware wallet to protect your private keys without being a nerd!

Hello, if you’re reading this article most likely you’re looking for a way to protect your Bitcoins, I understand you, untangling among so many software wallets is not easy.

Probably by studying bitcoins you will have asked yourself the question of what a private key is and how to move your cryptocurrencies from the exchange to your PC, managing your keys.

As the famous phrase “not your key not your bitcoin” says, holding private keys is the only way to own bitcoin.

The technology is complex and in this article I want to propose you three simple hardware wallets, cheap but complete, to start entering the world of bitcoin and self custody. I’ve decided to introduce you to three different hardware wallets, but at a similar price.

Let’s start with the best-selling and famous LEDGER NANO S.

Surely the name is not new in fact Ledger is the market leader in terms of hardware wallets sales, more than two million have been sold and although not brand new, Ledger Nano S remains a guarantee, and is ideal to start experimenting with hardware wallets.

In my opinion its strengths are:

  • Use of the secure chip, an electronic component that stores inside the SEED, that is your private key.
  • A complete and easy-to-use software, with Ledger Live you can buy, sell, exchange and make stakes of more than 27 coins and more than 1500 tokens, also from its beautiful dashboard you can keep track of the trend of your investments.
  • Mechanical safety with physical keys and small display.
  • compatibility with more than 50 external software wallets, including Myetherwallet and Metamask.

The weak points are:

  • non-opensource software
  • Limited internal memory, so you can not use more than 3 – 6 apps at the same time, but you can easily exchange them without losing your currencies.

Buy it at 59 € directly from the manufacturer’s website:

BUY LEDGER NANO S

Another inexpensive but extremely interesting hardware wallet is SAFEPAL S1.

Safepal S1 is a hardware wallet funded by the most used exchange in the world BINANCE, which makes it the ideal tool for those who work on this exchange and with the entire Binance ecosystem.

Unlike the Ledger, the strong point of the Safepal S1 hardware wallet is that it is completely Air-Gapped is completely disconnected from any online device, in fact it is devoid of Bluetooth, Wifi, NFC or USB connection, and uses a QR code-based system to validate transactions as the most expensive hardware wallets.

He also uses a secure chip like the Ledger and adopts a self-destruction systems when the password is wrong.

In my opinion its strengths are:

  • Use of the secure chip, an electronic component that stores inside the SEED, that is your private key.
  • Fully wireless and mobility-oriented with android and iOS apps
  • Extremely cheap, only $39
  • Supports 20 blockchain and more than 1000 tokens

The weak points are:

  • as it is small and light it may seem fragile, but it is more comfortable to carry.
  • to be updated goes connected to the pc

Buy it at $39.99 directly from the manufacturer’s website:

BUY SAFEPAL S1

Another hardware wallet with competitive price, slightly higher, but done really well, is the BITBOX02.

This new generation hardware wallet is produced by the company Shift Crypto in Switzerland, and as for the other two hardware wallets Ledger Nano S and Safepas S1, inside there is a Secure Chip, indeed the Bitbox02 contains even two, which makes it even safer and more secure.

In addition to this dual security system, the Bitbox02 is fully Open source, uses a bootloader with security functions, each Bitbox02 contains an authenticity key installed in the production phase and the entropy to generate the SEED is at the highest levels, also to increase the security who wants can compile the firmware to have 100% security and privacy. In addition to all these security systems the Bitbox02 has a very well made design, with a large OLED touch display, a usb-c connector and a port for the microsd used for backups through the Bitboxapp.

To interact you use a series of gesture touch and the coins are managed with the app Bitboxapp, also can be directly connected to a smartphone and then can be used on the move.

For the most demanding there is also a firmware version that only supports Bitcoin, so simplifying firmware security is even higher by reducing attack vectors.

In the package you will find in addition to the Bitbox02 compatible with Windows, macos, Linux and Android, a microsd, a usb-c extension cable, a usb-a (normal) adapter to usb-c, a string and stickers.

In my opinion its strengths are:

  • Double Secure chip
  • Opensource
  • touch interface
  • firmware only Bitcoin
  • not too showy (looks like a flash drive)
  • backup to MicroSD

The weak points are:

  • slightly higher price but the double secure chip and touch display in my opinion are a plus, and lead him to deal with higher-end hardware wallets like the Ledger Nano X and the Trezor T, without disfiguring.

Buy it at 119 € directly from the manufacturer’s website:

BUY BITBOX02

Hardware wallet Bonus:

You may be wondering why there is no TREZOR ONE among the Hardware wallet I chose, the main difference is because the Trezor One does not contain a secure hardware chip, compared to the three models above, but it is not a hardware wallet to discard, First of all it was the first hardware wallet, precursor and innovative in the crypto sector, it is completely opensource which makes it easy to interface with many software wallets, with the software Trezor Suite has become even more user friendly and so why not buy it ?

You can find it here:

BUY TREZOR ONE

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