What are the best crypto hardware wallets?

Here are NerdWallet’s top crypto hardware wallet picks. Cost: $49.99 for basic hardware. Cryptocurrencies supported: More than 30,000. Safepal’s affordable hardware wallet is the size of a credit card, making it a worthy partner to a traditional cash wallet.

What is a cryptocurrency wallet?

So, the term ‘wallet’ is somewhat of a misnomer, as crypto wallets don’t actually store cryptocurrency in the same way physical wallets hold cash. Instead, they read the public ledger to show the balances in a user’s addresses, as well as hold the private keys that enable the user to make transactions. Not Sure What a Public or Private Key Is?

What is a hardware wallet?

A hardware wallet is a small device that serves the same purpose as that bulky leather wallet in your back pocket. They are an efficient way to secure your money and transport it anywhere, anytime. There are different ways to store your cryptocurrency. Each varies in security.

How can a crypto wallet be hacked?

Hackers can exploit hidden vulnerabilities in the software that supports your wallet or use malware to break into the system. This is particularly dangerous for web wallets hosted by crypto exchanges, which are bigger targets overall for crypto thieves. Cold wallets store your digital keys offline on a piece of hardware or sheet of paper.