Hardware wallets: Articles & Reviews #ftx

The trends of the crypto market in 2022-2024 make it necessary to own a secure hardware wallet. Since FTX’s abrupt collapse, investors have been on edge concerning liquidity issues that may surface at other centralized exchange platforms. As a result, sales of personal hardware wallets, such as those made by Ledger, Trezor, ELLIPAL, SafePal and CoolWallet, have spiked as long-term holders remove cryptocurrencies from exchanges and into self-custody solutions. At the same time, the number of malicious external threats against hardware wallets is growing. How and which hardware wallet to choose? Which of the hardware wallets on the market is better and safer?

Are there enough hardware wallets of the current generation to ensure the security of your cryptocurrencies? As web3 adoption continues to grow, wallet infrastructure will need to improve. At present, hardware wallets provide a great solution for crypto holders to improve their overall security, but they must recognize the shortcomings of the current paradigm. With newer, security-enhanced solutions such as MPC and seedless wallets gaining popularity, securing one’s crypto and NFT holdings will be simpler and safer.