Monero Hardware Wallet

Anisa Batabyal
| 06 May, 2020 | 2 min

What is Monero Hardware Wallet?

Hardware wallets are an external device, which when connected to your device such as laptop enables you to transact with the digital assets, held by you. It acts like a USB device and helps you to set up the software in your system. Once you log out, there’s nothing that will stay with the device. For advanced security, most of the hardware wallets have come up with various features. You can purchase the hardware wallets from any of the e-commerce sites like Amazon. One drawback is that owning a hardware wallet is expensive, which ranges from $50 to $150. Monero is a popular privacy coin, which is supported by almost all the hardware wallets.

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List of 4 best Monero hardware wallets in 2020

The top 4 Monero hardware wallets in 2020 are:

  • Ledger Nano S
  • Ledger Nano X
  • Trezor One
  • Trezor T

#1 Ledger Nano S

Ledger Nano S is one of the most popular Monero hardware wallets which supports Monero (XMR) and more than 1000 tokens. It is predominantly easy to use as compared to the other hardware wallets and has an industry-wide reputation. Ledger Nano S has an intuitive user interface, a sleek design and you can access the wallet through Ledger Live, that allows you to control your Ledger devices and check balance whenever you want.

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#2 Ledger Nano X

Ledger Nano X is more compatible via Bluetooth, is a flagship when it comes to the cryptocurrency hardware wallets, especially for Monero. You can manage more than 1000 cryptocurrencies simultaneously which can be controlled via the Ledger Live app. One downside that has been complained about rarely is that the Bluetooth experience is not that smooth and is pretty expensive.

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#3 Trezor One

Trezor One is basically one of the most rewarded and highly reviewed hardware wallets and is also one of the oldest hardware wallets. It has an easy and convenient user interface, which can be used by the beginners as well as the experts. Trezor One is known for its great design, and its approachability in terms of the user connects. It costs around 70 USD.

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#4 Trezor T

Trezor T is actually a Trezor One wallet with a large touch screen. When you restore your hardware wallet or set it up for the 1st time, you might have to enter your seed phrase sometimes. But if you don’t have a proper interface on the device, then you have to type the seed or the passphrase in your computer itself. But make sure your system is not infected with malware, otherwise, it makes sit vulnerable to theft and hacking.

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