Which cold hardware wallet is better? In accordance with the multi-factor comparison methodology, Forbes Advisor has identified the 4 best cold hardware wallets in 2022. In comparison with the wallets Trezor, Ledger, SafePal - ELLIPAL received the highest rating. Air-gapped ELLIPAL Titan Cold Wallet has never been hacked.
Cryptocurrency is more popular than ever, with a global user base numbering more than 290 million people. When you buy crypto, you need a safe place to store the digital keys that secure your assets. Crypto wallets are the best tool for the job, although they work differently than tucking cash into a billfold.
With countless options, selecting the right type of crypto wallet for your needs is the first step. Crypto wallets support different types of coins - most hold Bitcoin (BTC), some only handle Ethereum (ETH) - and they come in two main flavors: Hot wallets are connected to the internet, while cold wallets live offline.
If you need to store multiple cryptocurrencies in one place, it’s best to shop around. To help you choose, Forbes Advisor has combed through the leading players to determine the best crypto wallets. We’ve separated our list into the best cold wallets to aid your search further.
Cold wallets are physical gadgets designed to store crypto in a format that is not connected to the internet, enhancing security. They are typically hardware devices, and some even look like USB sticks.
Whatever their form factor, a cold wallet provides cold storage for your crypto keys. This greatly reduces risks associated with hacking, but cold wallets lack many of the additional trading and integration features prevalent among hot wallets.
Forbes Advisor has also included the SafePal hardware wallet in the section "The Best Cold and Hot Wallets in 2022".
ELLIPAL, Ledger, Trezor and SafePal hardware wallets are among the most popular hardware wallet users. However, in addition to the general property - reliable protection of your crypto assets (first of all), these wallets have some differences. Let's compare their main parameters and consumer properties.
In accordance with the multi-factor comparison methodology, Forbes Advisor has identified the 4 best cold hardware wallets in 2022. In comparison with the wallets Trezor, Ledger, SafePal - ELLIPAL received the highest rating. Air-gapped ELLIPAL Titan Cold Wallet has never been hacked.
In the hardware wallet market, there are several dozen hardware wallet offers from both leading manufacturers and promising start-up companies. The leaders among hardware wallets are:
Which of these wallets to choose, which parameters should be taken into account when choosing a wallet that is right for you and provides maximum protection for your crypto assets? It is also important to take into account the price of the device.
When choosing a hardware wallet, it is recommended to consider the following parameters by which you should compare hardware wallets and choose the most acceptable option for you:
1. Supported Currencies, Coins.
2. How you actually access your crypto.
3. Ease of Use & User Suitability
4. Supported Operating systems
5. Wallet Backup and restore coins
6. Security Features
7. Manufacturer’s Credibility & Reputation
8. Portability
9. Costs and Prices; Discounts and Codes
10. Independent reviews; consultations with experts, professionals, and experienced users of hardware wallets.
Compare the models of hardware wallets from leading manufacturers according to various technical and functional characteristics and choose the best option for yourself.
By considering these important features, you'll have a much better idea of which hardware wallet is right for you.
Use a comparison table:
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Logo | ![]() | ![]() | ![]() | ![]() |
Model | Ledger Nano X | TREZOR Model T | ELLIPAL Titan | SafePal S1 |
Image | ![]() | ![]() | ![]() | ![]() |
Platform | Windows, MacOS, Linux, Android, Chrome OS, iOS | Windows, Mac, Linux, Android | Android, iOS | Android, iOS |
Brand | Ledger | SatoshiLabs | ELLIPAL | SafePal |
Altcoin Support | Yes | Yes | Yes | Yes |
FIDO U2F Authenticator | Yes | Yes | Yes | - |
Supported Coins | 90+ | 51 | 33+ | 32+ |
Open Source | No | Yes | No | Yes |
Weight | 34g | 16g | 138g | 28g |
Interfaces | Bluetooth, USB-C | microSD, USB-C | Camera | Camera |
Size, mm | 72x19x12 | 64x39x10 | 119,4x64x9,9 | 119x65x10 |
Screen 2FA | Yes | Yes | Yes | Yes |
Exchange integration Direct swap between crypto integration into the software | Yes. Buy and Sell Crypto | Yes. Buy and Sell Crypto | Yes | Yes |
Integrated exchange platforms; Fiat-to-Crypto Gateways | Changelly, Coinify Wyre | Changelly, ChangeNow, CoinSwitch, ChangeHero, Fox.Exchange, MorphToken | Changelly Simplex MoonPay | Simplex |
Sale Price (Official online store): Tax and duty not included | $149.00 | €219.00 | ELLIPAL Titan $139.00 ELLIPAL Titan Mini $79.00 | $49.99 |
Sales, discounts, coupon codes | Yes | Yes | Yes | Yes |
Online Store | ![]() | ![]() | ![]() | ![]() |
Learn More | ![]() | ![]() | ![]() | ![]() |
*) - An interim change of product specifications, prices, delivery time and costs is possible.
Ledger is one of the most well-known brands in the hardware wallet market thanks to it being one of the first brands to establish itself. Users like the Ledger Nano S for its affordable price and simple design that looks like a USB. To use the Ledger Nano S, the user must download a Ledger Live App to their PC and set up the wallet through the PC. The Ledger Nano S has 2 buttons and a small screen on the device that is used for authorization during wallet creation and transactions. However, some users may find the small buttons and screens difficult to navigate.
Although the Ledger Live App is well-made and simple to use, there is one major issue with the Nano S that users may find frustrating. To store a certain coin on the Nano S, users must manually install an APP for that coin from the Ledger Live App into the Nano S. Only 5 Apps can fit into the Nano S at a time meaning the Nano S can only hold 5 currencies at a time. This means you will need multiple Nano S if you are holding many currencies.
Ledger Nano X The upgrade for the Ledger Nano S but also comes with a bigger price tag. It also comes with a larger data storage so more Apps can be installed inside the Nano X at once and some major currencies are already pre-installed. The biggest change of all is that you can now access your coins through the Ledger Live smartphone App instead of your PC and it works with the Nano X through Bluetooth. Being able to use the Ledger wallet through their smartphone is a big plus for many users.
ELLIPAL is a cryptocurrency wallet start-up that started selling its hardware wallets in 2018. It quickly gained popularity among hardware wallet experts because it came with a new and effective security design not used before in hardware wallets - true air-gapped security.
Air-gapped refers to a device that cannot be connected to any online networks or any devices - this includes WiFi, Bluetooth, USB, Cellular connections, and so on. This means the ELLIPAL Titan is protected from every type of online attack which makes it incredibly secure compared to other hardware wallets. While the Ledger may carry risks when it connects with Ledger Live App through USB or Bluetooth, the ELLIPAL Titan eliminates that risk.
ELLIPAL Titan is known for using a technical solution to ensure the security of a hardware wallet - an air gap. The air gap isolates your hardware wallet physically, electromagnetically, and electronically.
Another big plus for the ELLIPAL Titan is that its frame is completely made out of a single piece of metal making it incredibly strong. If a hacker tries to crack it open, it will inevitably leave obvious damages. It also has anti-tamper capability, meaning the device can automatically delete every data when it detects a breach. This is huge security plus compared to other wallets as it can protect you against actual thief and supply chain attacks.
Last but not least, the ELLIPAL Titan also pinpoints one pain point Ledger users have which is not being able to access many currencies at once. On the ELLIPAL Titan, you can create multiple accounts on one device and each account can hold every coin that the ELLIPAL supports. No need to install anything which is very convenient.
The ELLIPAL is also very easy to use for every age group as it got a large touch screen. You will need to download the ELLIPAL App for your mobile phone. It works similarly to the Ledger and the Ledger Live but the main difference is that ELLIPAL uses QR code to communicate with the App instead of USB or Bluetooth.
Use the Coupon Code "178490" and get a discount of $ 5 when buying an ELLIPAL Titan hardware wallet in the official ELLIPAL online store.
Trezor is the first company to sell hardware wallets and is loved by early adopters of cryptocurrency. It is created by Satoshi Labs - a very capable development team and the software is open-sourced. The Trezor is used more by experts in comparison to beginners as it is not as simple to set up. However, the software gives you plenty of freedom, for example, you can connect it to other wallets such as Mycelium, Metamask, meaning it is not bound only to the Trezor App.
The Trezor Model T comes at a high price but it does have a small touch screen to input digit pins and a USB port to connect with a PC or phone.
Every Trezor has a PIN code that never leaves the wallet. It makes sure that if the PC or phone the wallet is using is compromised, the PIN will not get stolen. The PIN system in Trezor also has an inbuilt system that prevents any brute-force attempts. After each incorrect guess, the waiting time between the guesses is raised by a power of two. Making 30 guesses will take as much as 17 years. This makes it very difficult to hack the Trezor without knowing the PIN code.
ELLIPAL hardware wallets and the SafePal are among the most popular among hardware wallet users. However, in addition to the general property - the presence of an air gap, these devices have some differences. In addition, they are strong competitors to the industry leaders - Ledger and Tresor hardware wallets. Let's compare the main parameters and consumer properties of ELLIPAL and SafePal.
SafePal is also a hardware wallet company that launched its first model, Safepal S1 in 2020. There are many similarities between these wallets but there are also strong differences that pull them apart. In this article, we will compare the two hardware wallets on the points that matter to you, as a trader.
What the ELLIPAL Titan and SafePal S1 have in common is that both works without needing to physically connect to a computer via a USB cord or to a mobile phone via Bluetooth. This makes the system air-gapped because it will never get a chance to connect with anything online and risked getting hacked. This can be compared to other hardware wallets such as Ledger or Trezor that have to be linked with a PC to use. In this case, both Ledger and Trezor are not air-gapped.
Nonetheless, hardware wallets still need to be able to transfer data to an online proxy to allow the user to access their crypto. Instead of USB or Bluetooth connections, hardware wallets like ELLIPAL and SafePal use the QR codes scanning method and uses.
Being air-gapped brings many security benefits including it being impossible to be hacked through any online means. For example, if your computer is hacked, connecting a hardware wallet to access your funds via the computer may lead to your wallet being hacked and crypto being stolen. This is because the hacker can find a way to access your hardware wallet the moment the connection with the computer is established. For wallets like ELLIPAL, there is no connection so hackers can't gain access.
The hardware is where the ELLIPAL Titan and SafePal S1 see a lot of differences. The ELLIPAL's system is placed inside a strong, 100% one-piece metal frame. A touch screen is then placed on top and sealed tightly to create a strong seamless piece of hardware. On the other hand, the SafePal S1's is made out of plastic and has a small screen and navigation buttons. Both devices have batteries inside for charging and a camera for QR code scanning.
A special feature about the ELLIPAL that many other hardware wallets don't have is its anti-tamper and anti-disassembly features. If a hacker or a thief tries anything to access the system such as prying it open, the ELLIPAL's system will detect it and automatically deletes every data on the wallet and make the wallet unusable. This protects the data of the user and also prevents crimes like supply-chain attacks. Users who received an ELLIPAL can always be sure that the wallet is safe to use because if it has been hacked or modified before, it won't be usable the moment you received it.
In top of that, the ELLIPAL is already very difficult to pry open thanks to how it is manufactured. If a hacker successfully pries it open, it will leave serious physical damage; and as you may know, nobody uses a damaged wallet.
ELLIPAL currently supports 40+ blockchains and all of their tokens while Safepal supports 20 blockchains and all of their tokens. ELLIPAL is now supporting more coins than SafePal.
The ELLIPAL Titan and SafePal S1 are both very secure considering their air-gapped protection. In terms of protection from online attacks, they are more secure than both the Ledger and Trezor. They are also easy to use as users only need to download an APP on their phone and use it by only scanning QR codes.
However, the ELLIPAL Titan stands out due to its solid metal build that makes it strong against physical attacks and supply chain attacks as well. It is easy to not worry about dropping the ELLIPAL or damaging the ELLIPAL compared to the SafePal. ELLIPAL also has double the coin support as SafePal meaning users will have more choices if they use the ELLIPAL.
On the downside, customer service on SafePal is limited. Users have to fill out a “submit a request” form for support. Not intuitive for beginners.
Note: Keep in mind the following tips that will help ensure the security of your hardware wallet, and therefore your crypto coins and tokens:
ELLIPAL Titan is known for using a technical solution to ensure the security of a hardware wallet - an air gap. The air gap isolates your hardware wallet physically, electromagnetically, and electronically.
While most hardware wallets use USB or Bluetooth, ELLIPAL Titan with its ELLIPAL app only uses QR codes to sign transactions. ELLIPAL Titan is incompatible with Wi-Fi, Bluetooth and cellular, blocking all physical connections.
This feature is the main feature of the wallet and its main competitive advantage over some other hardware wallets (Ledger Nano S, Ledger Nano X, Trezor Model T).
Thus, it protects your device from network and remote attacks, and using a self-destruct mechanism - from unauthorized access during possible autonomous attacks. If he finds a serious violation, he will delete all information (private keys) stored inside. You always have the seed to rebuild your wallets, if that happens, of course.
The ELLIPAL Titan has a 4-inch color touchscreen, so you can easily customize it and see clearly all the transactions you sign.
Forbes Advisor performed an in-depth assessment of the features and options offered by the leading crypto wallets. The data was collected between Aug. 1 and Oct. 7, 2022. From the data gathered, each wallet was scored and assessed based on seven key variables:
For each ranking, the sum of weighted values across all or some of these key factors was calculated to award each crypto wallet an overall rank.
Cryptocurrency exists as nothing more than a string of code on a larger blockchain. When you purchase a crypto, such as Bitcoin or Ethereum, your proof of ownership is based on a public key and a private key.
The public key is like your bank account number: It tells you where your crypto is, but it doesn’t provide access to it. The private key identifies you as the “true owner.
”If you lose the private key, you could lose access to your crypto. Likewise, any person who gets ahold of your private keys has full access to your crypto.
There’s a popular expression in the crypto world, “Not your keys, not your coins.” If you don’t control your keys, you don’t have full access to your crypto assets.
Generally, A more secure type of wallet is a “cold” wallet. These hardware wallets come in several shapes and sizes, and they can be a USB stick that connects to the web or a device that scans a QR code, linking to a software application.
Hardware wallets help keep your private keys safe from hackers who would need to steal the physical wallet to gain access and usually involve a PIN as an extra layer of security.
You can typically purchase a hardware wallet for between $50 and $150, although there are some higher-priced options, too.
If you have purchased yourself an ELLIPAL Titan hardware wallet, you are already on your way to securing your cryptocurrency in the most secure air-gapped cold wallet. However, it is also important for you, the user, to understand the basics of this wallet in order to keep your crypto secure at all time.
ELLIPAL Titan Cold Wallet, ELLIPAL, App, ELLIPAL Titan Mini
The ELLIPAL Titan helps you create your cryptocurrency account in a secure and offline environment. This consists of creating your private key and the public key. The public key is shared to the App and the private key will be kept securely within the ELLIPAL Titan, protected from any hackers. The ELLIPAL Titan is also used when users want to securely sign for a transaction.
The ELLIPAL App is designed to be paired with the ELLIPAL Titan. The ELLIPAL Titan simply pairs with the ELLIPAL APP via QR code and now, the APP now has all of your addresses. The addresses sync up with the blockchain and allows you to view your balance and create transactions. You cannot view your balance on the ELLIPAL Titan because it is completely offline.
You can also create an account directly on the App, this will create a hot wallet account.
The ELLIPAL Titan has 3 main security points:
1) Air-gapped: From the chip set level, the ELLIPAL Titan does not support any type of connections (USB, Bluetooth, WiFi etc.). This means the ELLIPAL Titan cannot be attacked in anyway through a network or another device unlike other hardware wallets. Your crypto will always be kept safe and offline.
2) Anti-Tamper: The ELLIPAL Titan is built strongly to prevent physical hacks. The unit is built upon a durable metal frame, hackers cannot crack open the device without causing permanent damage to the unit. If a hacker try to crack open the unit, the system will automatically deletes itself, protecting your crypto.
3) Trustless Trust: The ELLIPAL Titan is all about being transparent. All QR code coming out of the ELLIPAL Titan can be verified with any QR code scanner. Users can prove to themselves that every QR code is correct and contains the right information. A large screen also allows user to double-check their transactions and make sure they are always sending to the correct address. Lastly, the ELLIPAL Titan allows private keys and recovery seed import from user's own trusted source so their is no need to trust ELLIPAL's code.
The ELLIPAL Titan is 100% air-gapped, meaning there is no way for it to be hacked remotely. The ELLIPAL Titan also has anti-tamper protection to prevent offline attacks such as theft and supply chain attacks.
Transactions are firstly created on the App. The App sends the transaction information to the ELLIPAL Titan via QR code. The ELLIPAL Titan then confirms the transaction within the software using your private key and issues a confirmation QR code. The App scans the QR code, confirms the transaction and your crypto is sent.You can also create an account directly on the App, this will create a hot wallet account.How transactions work?
Transactions are firstly created on the App. The App sends the transaction information to the ELLIPAL Titan via QR code. The ELLIPAL Titan then confirms the transaction within the software using your private key and issues a confirmation QR code. The App scans the QR code confirms the transaction and your crypto is sent.
ELLIPAL is the only air-gapped wallet in the world, which has a full product line to ensure transactions with cryptocurrencies, buy and sell, store your bitcoins, stablecoins, cryptocurrencies and to ensure their security. All in one product -
You can order a ELLIPAL Titan Cold Wallet and bundles at the ELLIPAL official online store with a discount of up to 30% and receive shipping to any country in the world in 2-3 days. You can get a leather case for free!
You can see this list here.
1 | ![]() | Trezor hardware wallet, the official online store | ![]() |
2 | ![]() | Ledger hardware wallet, the official online store | ![]() |
3 | ![]() | KeepKey hardware wallet, the official online store | ![]() |
4 | ![]() | BitBox02 hardware wallet, the official online store | ![]() |
5 | ![]() | CoolWallet hardware wallet, the official online store | ![]() |
6 | ![]() | ELLIPAL hardware wallet, the official online store | ![]() |
7 | ![]() | D'CENT hardware wallet, the official online store. | ![]() |
8 | ![]() | SafePal hardware wallet, the official online store | ![]() |
9 | ![]() | SecuX hardware wallet, the official online store | ![]() |
10 | ![]() | BC Vault hardware wallet, the official online store | ![]() |
11 | ![]() | BitLox hardware wallet, the official online store | ![]() |
12 | ![]() | Keystone hardware wallet, the official online store | ![]() |
13 | ![]() | ProKey hardware wallet, the official online store | ![]() |
14 | ![]() | NGRAVE hardware wallet, the official online store | ![]() |
15 | ![]() | Keevo hardware wallet, the official online store | ![]() |
16 | ![]() | GridPlus hardware wallet, the official online store | ![]() |
17 | ![]() | Ballet hardware wallet, the official online store | ![]() |
18 | ![]() | OPOLO hardware wallet, the official online store | ![]() |
19 | ![]() | Foundation (Passport) hardware wallet, the official online store | ![]() |
20 | ![]() | ImKey hardware wallet, the official online store | ![]() |
21 | ![]() | Tangem hardware wallet, the official online store | ![]() |
22 | ![]() | HashWallet hardware wallet, the official online store | ![]() |
23 | ![]() | Material Bitcoin hardware wallet, the official online store | ![]() |
24 | ![]() | ShieldFolio hardware wallet, the official online store | ![]() |
25 | ![]() | OneKey hardware wallet, the official online store | ![]() |
26 | ![]() | Blockstream Jade hardware wallet, the official online store | ![]() |
27 | ![]() | Cypherock hardware wallet, the official online store | ![]() |
28 | ![]() | Keepser hardware wallet, the official online store | ![]() |
29 | ![]() | NEXA hardware wallet, the official online store | ![]() |