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Hardware wallets (cold wallets) are the most secure types of wallets anyone in the NFT and crypto space has to safeguard their assets offline.
These USB-shaped devices plug directly into your computer and are compatible with most operating systems out there today.
As with anything physical, it goes without saying that should you lose your hardware wallet your funds will be lost with it, so take care to store it in a safe place when not in use.
Each hardware wallet has its own price point and additional functionality built onto the device that can benefit you directly by being able to:
- Safely store your assets offline as opposed to keeping your holdings in a centralized exchange or hot wallet online that may be compromised
- Access/view assets at any time with the use of a compatible mobile app
- Hold multiple cryptocurrencies in your wallet at the same time
- Transaction verification for every single transaction with your cold wallet adds another layer of security
What’s the best hardware wallet for me? Check out our hardware wallet reviews to find the right one for you.