An Ethereum hardware wallet is now available to store your Ether securely. Protect your Ethereum and other digital assets from hackers and thieves. A hardware wallet is the best way to store your ETH safely.
We will show you the top three options to choose from, sorted by our recommendation.
Ledger Nano S
Ledger Nano S – this is a cryptocurrency hardware wallet to safely store Ethereum, Bitcoin, Litecoin and some other altcoins.
Its hardware is based on robust safety features for securing digital payments and storing cryptographic assets. Nano S also embeds a secure display to double-check and confirm each transaction with a single tap on its side buttons. You can send and receive payments, check your accounts and manage multiple addresses for each currency from the same device. It connects to any computer via USB and simple software app.
Ledger has also Ledger Blue, high-end device with larger touchscreen to securely manage transactions and complex smart contracts.
Trezor started as a prominent bitcoin hardware wallet. Now it officially introduced support for Ethereum users by integrating MyEtherWallet into hardware infrastructure (don’t get confused as Trezor is officially named as Bitcoin Hardware Wallet). The list of wallets that can be used with this device is always growing.
Although we do not like the design of this hardware wallet, the use is easy and intuitive. It is a single purpose device which allows you to make secure Ethereum transactions. With Trezor, transactions are safe even when initiated on a compromised or vulnerable computer as each device has a PIN code and if your hardware wallet gets stolen, thieves cannot misuse it to steal your Ether. Due to design, even if the computer with which you use your Trezor is hacked, the hackers will not know your PIN.
Keepkey – is a secure Bitcoin, Ethereum and other altcoin (Doge, Dash, Litecoin) wallet that is simple and easy to use.
It works with the wallet software on your computer by taking over the management of private key generation, private key storage, and transaction signing. Your private key is stored securely on your hardware wallet device, never leaving your Keepkey. It is also PIN-protected, to have an additional layer of security if it falls into the wrong hands. Its large display gives clarity to every digital asset leaving the device. Each transaction must be manually approved using confirmation button.
Since you can store multiple digital currency on it, you can also do an exchange between assets directly on the device.
It is much safer than leaving your ETH on an exchange as exchanges get hacked or sometimes even vanish with your money. There are also scam cases where wallets get compromised and owners regret not to have their precious crypto’s stored in cold storage hardware wallets.
- Second best option to store your Ethereum is a paper wallet (better than leaving Ether on an Exchange). See paper wallet generator for Ethereum online (like MyEtherWallet or EthAddress), or via code on Github.
- Another option is to store Ether in a desktop wallet, we like Exodus (although you can run it only on one computer), many people like Jaxx (we don’t as it is very slow).
- You may came across the term cold storage or cold wallet. This in general means that your private keys for crypto currencies are stored and created offline. The easiest way to do this for a beginner is to use a hardware wallet.
- ShapeShift has acquired Bitcoin hardware wallet startup Keepkey. ShapeShift will continue to use the KeepKey brand, and its staff will stay to continue working on the hardware product line [2017-08-18].