A hardware wallet is a small electronic device that stores the private key and keeps it private to everyone, and is not connected to the Internet. It often looks like a USB stick or a key fob.

They are the most convenient and safest storage method for cryptoassets currently available. Not only are they very difficult to break into, the contents can be recovered if it's lost, damaged, or stolen. You can recover the information onto another by using a secret recovery phrase of upward of 32 random words.

The most popular hardware wallets are:

  • Ledger Nano. Ledger creates two devices that look like USB sticks, the Nano S and Nano X—the only difference being that the S requires being plugged into a device, and the X can be accessed via Bluetooth.
  • Trezor. Trezor sells two devices, the One and the Model T, with the main difference being that the Model T has a touchscreen instead of physical buttons.

We recommend the Ledger Nano X. Learn everything there is about using it in this guide.