Keep your cryptos safe. Ledger.N.S - Trezor - Keep Key

in ethereum •  8 years ago 

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Hardware Wallets

A hardware wallet stores the user's private keys in a secure hardware device offline. To date there have been no verifiable incidents of Bitcoins stolen from hardware wallets.

Hardware Wallets have major advantages over standard software wallets:
• private keys are often stored in a protected area of a microcontroller, and cannot be transferred out of the device in plaintext
• immune to computer viruses that steal from software wallets
• can be used securely and interactively, as opposed to a paper wallet which must be imported to software at some point
• much of the time, the software is open source, allowing a user to validate the entire operation of the device
Once your cryptocurrency holding becomes subtancial, it is reccomeneded to store your coins offline on a hardware storage device.

The three most popular and realiable hardware wallets in the market place:![bitcoin-vault.jpg]

  1. Ledger Nano S
  2. Trezor
  3. Keep Key

All three wallets are very similar in the way that they handle security.
The main difference is that the Ledger Nano S uses two secure elements/chips, while the TREZOR and KeepKey are essentially small computers.
All three devices have screens, which means they can be securely setup and used even on computers infected with malware.
Price:

• Ledger Nano S – €58
• Trezor – €96
• Keep Key – €96

These prices could vary and do not include shipping.

Coin Compatibility

• Ledger Nano S – Bitcoin, Ethereum, Ethereum Classic, Ripple, Litecoin, Dogecoin, Zcash, Dash, Stratis, Monero

• Trezor – Bitcoin, Ethereum, Ethereum Classic, ZCash, Litecoin, Namecoin, Dogecoin, Dash and Testnet

• Keep Key – Bitcoin, Etheruem, Litecoin, Dogecoin, Dash, Namecoin

It is important to note that all three companies continue to work hard and offer more coin compatibility and support as time goes on. Currently, Ledger Nanos S offers more coin support for almost half the price.

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