Tools
/
8 Best Cold Storage Wallets 2025 (Expert Recommended)
checkCircle
Expert verified
6 min read

8 Best Cold Storage Wallets 2025 (Expert Recommended)

8 Best Cold Storage Wallets 2025 (Expert Recommended)
8 Best Cold Storage Wallets 2025 (Expert Recommended)
info
Our Editorial Standards:
Our content is designed to educate the 500,000+ crypto investors who use the CoinLedger platform. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn More
on this page
close

Key Takeaways 

  • The best cold storage wallet depends on what you value — security, design, price, and/or ease of use. 
  • Ledger Nano X is the best option for beginners, NGrave Zero is best for security, while Trezor Safe 3 is best for affordability.

In this guide, we’ll walk through some of the best cold storage wallets that can help you keep your cryptocurrency secure for the long-term. Our panel of experts reviewed dozens of options on the market, and selected the eight best based on user experience, security features, design, price, and ease of use. 

Wallet Name Best For Price
Ledger Nano X Beginners $149
Ledger Stax Design & UX $399
Trezor Safe 3 Affordability $79
COLDCARD Bitcoin Security $157.94
Cypherock X1 Multisig Security $199
NGRAVE Zero Security & Recovery $398
BC Vault Cryptocurrency Selection $96.54
D'CENT Biometric Security $99
Best for Beginners
Learn More
Ledger Nano X
Ledger Nano X
The Ledger Nano X is one of the most popular cold storage wallets on the market. The wallet is known for its ease of use and support for a wide range of cryptocurrencies — offering Bluetooth connectivity and support for more than 5,500 cryptocurrencies!

Price: $149
Pros & Cons
Best for Design & User Experience
Learn More
Ledger Stax
Ledger Stax
The Ledger Stax brings a sleek, modern design to cold storage wallets, featuring a large touchscreen and a curved E Ink® edge. It's ideal for users who value both aesthetics and ease of use, supporting over 5,500 coins as well as NFTs.

Price: $399
Pros & Cons
Best for Affordability
Learn More
Trezor Safe 3
Trezor Safe 3
The Trezor Safe 3 strikes a fantastic balance between security and affordability. Its EAL6+ certified Secure Element chip protects against brute-force attacks, while its open-source code makes it a fantastic option for users who value transparency.

Price: $79
Pros & Cons
Best for Bitcoin Security
Learn More
COLDCARD
COLDCARD
COLDCARD is a Bitcoin-only wallet known for its air-gapped feature—meaning that it’s never connected to the Internet and immune to online hacking attempts. COLDCARD is a great choice for Bitcoin investors looking for maximum security.

Price: $157.94
Pros & Cons
Best for Multisig Security
Learn More
Cypherock X1
Cypherock X1
The Cypherock X1 is designed with decentralized key storage to enhance security — allowing you to split the private key into multiple components. This approach ensures no single device holds all the data, minimizing the risk of a hack!

Price: $199
Pros & Cons
Best for Security & Recovery
Learn More
NGRAVE Zero
NGRAVE Zero
The NGRAVE Zero wallet is designed for users who want air-gapped, 100% offline security. It features biometric authentication and can come with durable steel plates that can be used to recover access to your account!

Price: $398
Pros & Cons
Best for cryptocurrency selection
Learn More
BC Vault
BC Vault
BC Vault supports millions of cryptocurrencies and is a great option for those looking for a wide selection. While it lacks Bluetooth and Wi-Fi capability, it offers encrypted backups for security!

Price: $96.54
Pros & Cons
Best for Biometric Security
Learn More
D'CENT Wallet
D'CENT
D'CENT features a biometric fingerprint sensor for an added layer of security. It supports over 3,600 cryptocurrencies and is compact, easy to set up, and offers customer support!

Price: $99
Pros & Cons

Why do I need a cold storage wallet? 

Cold storage wallets are considered the best option for long-term security — especially compared to ‘hot wallets’ (software wallets connected to the Internet). Let’s walk through some of the advantages of cold storage wallets: 

  • Strong storage: Because cold storage wallets store your cryptocurrency offline, they’re considered the best choice to prevent hacks. 
  • Hardware-based security measures: Many cold storage wallets use Secure Element chips to protect against tampering and brute-force attacks.
  • Support for multiple cryptocurrencies: Most cold wallets support a wide range of digital assets, allowing you to securely store all the cryptocurrencies you own. 
  • Backup and recovery options: Seed phrases (usually 24 words) are provided as backups, allowing users to recover their wallets in case of an emergency. 
  • Integration with software interfaces for transactions: Many cold storage wallets can interact with hot wallets to allow you to easily make transactions. 

Cold wallets vs. Hot wallets 

Cold wallets offer different benefits than ‘hot wallets’ (software wallets like Coinbase Wallet and MetaMask that are constantly connected to the Internet. Let’s walk through them: 

Feature Cold Storage Wallets Hot Wallets
Internet Connectivity Offline (can integrate with hot wallets) Always online
Security Higher Lower
Convenience Less convenient for frequent transactions More convenient for daily use
Cost Hardware purchase required Typically free
Best For Long-term storage, large amounts of crypto Daily transactions, smaller amounts of crypto

Cold wallet security features

Here are some features you should keep in mind when selecting a cold wallet. 

  • Secure Element chips: These chips securely store private keys and handle cryptographic operations, offering a higher level of protection against attacks.
  • PIN protection and optional passphrases: Many cold wallets come with PINs and additional passphrase options for increased security. 
  • Air-gapped functionality: Some wallets (e.g., COLDCARD) are air-gapped, meaning they are never connected to the internet — essentially making your crypto immune to online attacks. 
  • Open-source software: Software transparency allows the community to audit, review, and fix potential vulnerabilities.
  • Physical tamper-evident design: Many cold storage wallets are designed with tamper-evident features, so unauthorized individuals cannot access your holdings. 

How to set up and use a cold wallet 

Let’s walk through 5 steps to help you get started using your cold storage wallet. 

  1. Purchase a reputable cold storage device: To avoid counterfeit devices, buy from an authorized retailer. 
  2. Follow the setup instructions: When you set up your wallet, carefully follow the manufacturer’s instructions. 
  3. Generate and securely store the recovery phrase: Write down your recovery phrase (usually 24 words) and store it in a safe place. Remember, this phrase can help you recover access to your wallet in the event of an emergency. 
  4. Transfer cryptocurrencies to the cold wallet: Use the wallet address to transfer your assets to your cold wallet. 
  5. Verify transactions on the device: To protect yourself against hacks, carefully review and verify transactions you make on your wallet.

What are the disadvantages of cold storage wallets? 

  • Higher initial cost: While software wallets are free to use, you need to pay for a cold wallet. 
  • Less convenient for frequent trading: Cold wallets are best for long-term storage, so they may not be as convenient for frequent transactions.
  • Risk of physical damage, loss, or theft: If your device is damaged, lost, or stolen, you could lose access to your assets unless you have a backup of your recovery phrase.
  • Potential for user error: Incorrect setup or failure to securely store the recovery phrase could mean losing access to your assets. 
  • Firmware updates may require additional steps: Unlike software wallets that automatically update, cold wallets sometimes require manual action for firmware updates.
  • Limited functionality: Cold storage wallets generally don’t support features like direct crypto purchases or built-in exchanges.

How long do cold wallets last? 

The lifespan of a cold wallet depends on various factors, including the build quality of the hardware and how well it’s maintained. On average, a well-maintained cold wallet can last between 5 to 10 years. 

Technological advancements in cryptocurrency and security standards may render older wallets obsolete, so it’s a good idea to periodically check for updates and consider upgrading devices every few years. 

Remember, it’s important to backup your cold wallet to make sure that you can recover your assets in any scenario. 

Conclusion

The best cold storage wallet depends on your specific needs, whether it’s versatility, security, or design. Before you make a purchase, be sure to understand exactly what you’re looking for.

Frequently asked questions

  • What are the disadvantages of a cold wallet?
    MinuPlus
  • Do I really need a cold storage wallet?
    MinuPlus
  • Can you lose crypto in a cold wallet?
    MinuPlus
  • Do cold wallets need private keys?
    MinuPlus
  • How long do cold wallets last?
    MinuPlus
...
Track your crypto portfolio for free.

Join 500,000 people tracking their gains and losses with CoinLedger.

Dhiraj Nallapaneni
Written by:
Dhiraj Nallapaneni
Crypto Tax Writer

Dhiraj Nallapaneni is a Crypto Tax Writer at CoinLedger. As an Economics degree holder from the University of California Santa Barbara, he’s well versed in topics like cryptocurrency markets and taxation.

About the Author
KNOWLEDGE BASE

Demystify Crypto Taxes

The Ultimate Crypto Tax Guide (2024)

This guide breaks down everything you need to know about cryptocurrency taxes, from the high level tax implications to the actual crypto tax forms you need to fill out.

Crypto taxes overview
howToHandleCryptocurency
Crypto Tax Rates 2024: Complete Breakdown

Here’s how much tax you'll be paying on your income from Bitcoin, Ethereum, and other cryptocurrencies.

Crypto tax rates
howToReportCryyptoLosses
How Crypto Losses Can Reduce Your Taxes

Crypto and bitcoin losses need to be reported on your taxes. However, they can also save you money.

How crypto losses lower your taxes
ellipseellipsecalculator

Calculate Your Crypto Taxes

  • Check
    No credit card needed
  • Check
    Instant tax forms
  • Check
    No obligations
Get Started For Free
percent
ellipseellipse
Jump to
list