Good hardware wallet for new users ?

[sukbir]

Hello Guys, My female work colleague is interested in cryptocurrency and wants to buy bitcoin for long term holding. She was asking user friendly bitcoin hardware wallet. She is not a technical minded women. I said her to buy Ledger Nano X. I personally find ledger hardware wallet easy to use but I might be wrong there are so many hardware wallet in the market. I have never use other hardware wallet.

Can you guys suggest her which one is good hardware wallet for new users for storing Bitcoin ??

1.Ledger Nano X,
2.Trezor T,
3.KeepKey
4.Cobo Vault Pro.

[1715020011]

1715020011

[o_e_l_e_o]

A Ledger device is probably the best device to recommend at the moment. Trezor would be a close second, and many people on here are still quite happy using them, but given the fact they are continuing to try to sweep a critical vulnerability under the rug, I don't feel like they can be trusted anymore.

The Nano X might be unnecessarily expensive, depending on what she is going to use it for, compared to the Nano S though. If she is only interested in holding bitcoin (which she probably should be as a newbie, since 99% of altcoins are worthless and most newbies only end up losing money when dabbling in altcoins), then the extra storage space on the Nano X is unnecessary. If she's using the hardware wallet for long term holding, rather than carrying it with her for day-to-day spending, then the Bluetooth capability on the Nano X is also unnecessary. The only real benefit she would get from the Nano X then is a larger screen, which is probably not worth the extra $60 or so she'll pay for a Nano X.

If you're lucky, a nice member on here might have a spare code they can send you which would give her a discount from their web shop. If not, try asking on the Ledger subreddit here: https://www.reddit.com/r/ledgerwallet/

[ranochigo]

Ledger and Trezor are the only two companies you should consider if you want to be safe. Ledger is probably the most popular one given it's sleek look and strong recommendations. Trezor does support loads of coins and is priced roughly the same as a Ledger (the base version at least).

I don't really favour any other companies as they are either too new or just not good/too expensive.

[Josefjix]

Ledger Nano X is safe enough for a newbie like herself.
You can find a review of the Ledger Nano wallet here as well.

https://youtu.be/N8wzNiu2APo

Nano X has been here for a couple of years. They have built trust in early holders. Going for others who have not still gained enough grounds wouldn't be a nice option.

[Lucius]

Hello Guys, My female work colleague is interested in cryptocurrency and wants to buy bitcoin for long term holding. She was asking user friendly bitcoin hardware wallet. She is not a technical minded women.

It doesn't matter at all that your colleague is less technically versed in the whole thing, but from the experience of a user who owns both models I can only tell you that I would personally recommend the Nano X. Let’s just say the X looks pretty nicer and more modern than its older brother the S, to me personally it’s a lot more comfortable to use it because of the much bigger and clearer screen.

Is it worth paying $60 more for it? Most users on the forum will say that it is not a worthwhile investment, but most have never had that device in their hands. In addition, a hardware wallet is not something that is bought often - it is an investment for many years.

One small review that you can show to your colleague, may make her decision easier.

Ledger Nano X - Review of the package.

[cheezcarls]

Hello Guys, My female work colleague is interested in cryptocurrency and wants to buy bitcoin for long term holding. She was asking user friendly bitcoin hardware wallet. She is not a technical minded women. I said her to buy Ledger Nano X. I personally find ledger hardware wallet easy to use but I might be wrong there are so many hardware wallet in the market. I have never use other hardware wallet.

Can you guys suggest her which one is good hardware wallet for new users for storing Bitcoin ??

1.Ledger Nano X,
2.Trezor T,
3.KeepKey
4.Cobo Vault Pro.

Hands down to the Ledger Nano X! No doubt that this is the best hardware wallet for new users. Even me of course, I would like to own one even if I have a Ledger Nano S with me that is genuine and reliable. It's pretty safe and secure to use, but always make sure that the mnemonic phrases are in a safe place (whether in a notebook or a piece of paper).

Trezor T is my second option. I am not yet familiar with KeepKey and Cobo Vault Pro, but I'll try to learn more about these hardware wallets. Ledger Nano is where I store my BTC and other coins/tokens that are being supported by this hardware wallet. This is just my own opinion as a user of Ledger Nano S.

[Xxmodded]

If you use and save your assets carefully I think online exchange more enough to keep your assets safety, I know many people try to hold and save their assets in most safety wallet like nano ledger but if you can control with your computer and with your browser access I think online wallet like myetherwallet or exchange wallet most safety place for saving your coin.

[mk4]

Just go with either Ledger or Trezor. Which one among the two? Well, it's subjective. Others will prefer the former, and some the latter. Head over to YouTube and check out some unboxings and user guides on how to use both, then decide for yourself which one you prefer.

Check these videos out by BTC Sessions:

• Ledger Nano X: https://www.youtube.com/watch?v=R0YWdw2AOCg
• Trezor Model T: https://www.youtube.com/watch?v=i3BIo5Ac_n4

[o_e_l_e_o]

If you use and save your assets carefully I think online exchange more enough to keep your assets safety

There are so many risks and security issues storing your coins in a web wallet or exchange they are almost too numerous to count. Similarly too numerous to count is the number of users who have lost funds from either a web wallet or exchange due to shady operating practices or hacks. You must place complete trust in the operator of the site to not exit scam, not to confiscate your coins or freeze your account because you breached some known rule or limit, not to spring unannounced KYC on you and seize your coins if you don't comply, not to store your coins in a hot wallet, not to have any malicious employees, to have good and robust security systems, to encrypt your keys, etc. You cannot back up your keys or seed phrase, because you don't get access to them. You are vulnerable to phishing attacks or to having your accounts hacked or compromised by malware, browser extensions, apps, etc. You have less privacy and less security. When you use a web wallet or exchange, you don't actually own any bitcoin; the service in question owns the bitcoin. All you have is an IOU, and if they choose to not fulfill that IOU for any reason, there is almost nothing you can do about it.

[yhiaali3]

There can be a lot of different opinions about that, but in my opinion, I am Ledger Nano X wallet is the best and then comes Trezor T wallet, of course there are features that Trezor T outperforms Ledger Nano X but in general the Ledger Nano X features are more and better as they support More coins and cheaper. You can see a comparison between Ledger Nano X, Trezor T, KeepKey here:
https://www.buybitcoinworldwide.com/trezor-keepkey-ledger/

[sukbir]

A Ledger device is probably the best device to recommend at the moment. Trezor would be a close second, and many people on here are still quite happy using them, but given the fact they are continuing to try to sweep a critical vulnerability under the rug, I don't feel like they can be trusted anymore.

The Nano X might be unnecessarily expensive, depending on what she is going to use it for, compared to the Nano S though. If she is only interested in holding bitcoin (which she probably should be as a newbie, since 99% of altcoins are worthless and most newbies only end up losing money when dabbling in altcoins), then the extra storage space on the Nano X is unnecessary. If she's using the hardware wallet for long term holding, rather than carrying it with her for day-to-day spending, then the Bluetooth capability on the Nano X is also unnecessary. The only real benefit she would get from the Nano X then is a larger screen, which is probably not worth the extra $60 or so she'll pay for a Nano X.

If you're lucky, a nice member on here might have a spare code they can send you which would give her a discount from their web shop. If not, try asking on the Ledger subreddit here: https://www.reddit.com/r/ledgerwallet/

Thank you for your suggestion. I think she is going to hold just bitcoin only. I am going to ask her if she has interest on other coin. 

[Sanugarid]

If you use and save your assets carefully I think online exchange more enough to keep your assets safety

There are so many risks and security issues storing your coins in a web wallet or exchange they are almost too numerous to count. Similarly too numerous to count is the number of users who have lost funds from either a web wallet or exchange due to shady operating practices or hacks.

I agree to this, all of us don't really know what happens when we logged out of our exchanges and letting our coins sleep to their mattresses. It is alarming tho, according to CipherTrace report in 2019, there were over 4 billion crpytocurrency that has been stolen and most of these are from exchanges. The risk in putting our funds in an exchange is literally unknown, even the most trusted and reputable ones got breached also.

As my fellow bitcoiners already mentioned above their suggestion, obviously those are the popular ones that you can get right now, I highly recommend the Legder tho.
It will just vary on the price point you are preferring to, actually all of them are 95% safe.

[Maus0728]

Personally, Ledger Nano S is fine if you are just holding bitcoin and few of the altcoins supported by Ledger, Ledger Nano S has only limited storage space in which only 2 or 3 application of altcoins can be installed on the device.

Moreover, you can actually do a lot with Ledger Nano S if you are going to integrate the use of Electrum as an interface to use when managing you bitcoin transaction. The only difference with Ledger Nano X is the Bluetooth functionality, wider screen and large storage capacity.

[mk4]

Personally, Ledger Nano S is fine if you are just holding bitcoin and few of the altcoins supported by Ledger, Ledger Nano S has only limited storage space in which only 2 or 3 application of altcoins can be installed on the device.

Just a heads up to OP that while the Nano S has small memory(hence only can handle a few altcoin apps), you can simply uninstall altcoin apps and reinstall them sometime in the future if you need to send out your funds. You don't lose access to your coins buy uninstalling their apps.

[DireWolfM14]

I also recommend the Ledger for a new user, either Nano model would be good.  I think the Ledger is a bit safer for newbies to use even with the basic set-up.  It doesn't require any additional steps or knowledge to secure it from physical attacks, like some of the other wallets you listed.  If you're friend is only storing a few coins on her wallet, the Nano S is all she needs.  The Nano X is definitely a cool upgrade, but I don't find any of the added features to be necessities. 

I've owned and used the Ledger Nano S, Nano X, Trezor One, Trezer T, as well as the KeepKey.  I personally prefer the open-source nature of the Trezor wallets, and consider the Trezor T my favorite.  They do require some knowledge and additional setup to mitigate physical attacks, which isn't difficult, but it's worth acknowledging if you are recommending it to a newbie. 

[The Sceptical Chymist]

The Nano X might be unnecessarily expensive, depending on what she is going to use it for, compared to the Nano S though.

I agree with this as well as the opinions here recommending a Ledger over any of the rest of the hardware wallets on the market.  The only other one I've tried is the Keepkey, so I can't say anything good or bad about the Trezor or the rest, but the Ledger Nano S is such a neat little device that works great.  If you're a newbie who's not very tech-savvy as OP's friend apparently is, I don't think you could go wrong with the Nano S (or the X, though I haven't yet tried it).

Stay away from the Keepkey, though, that's my opinion on that one.  I found it to be inferior to the Ledger in almost every aspect, and I regret buying one.  It's a nice-looking unit, but it's complete garbage as a hardware wallet IMO.

[sukbir]

Thank you for sharing your honest feedback about buy good hardware wallet for new users. I just want to share my co-worker is happy to buy ledger Nano S wallet.

[Lucius]

I don't think you could go wrong with the Nano S (or the X, though I haven't yet tried it).

From a security point of view, the Nano S is quite a decent hardware wallet, I don't think there is any doubt about it - but it is also a model that has hardware limitations, especially when it comes to storage, so any future firmware must be adapted to it. If money is a limiting factor then Nano S definitely makes sense, but if $50 doesn't mean too much to someone in life then it definitely makes sense to buy Nano X.

I’ve compared it to buying smartphones that can be quite expensive, and yet tens of millions of devices costing more than $500 are sold every year. I paid only $90 for my Nano X and $700 for my smartphone - but both make sense as an investment for at least the next 5 years.

[o_e_l_e_o]

but it is also a model that has hardware limitations, especially when it comes to storage, so any future firmware must be adapted to it.

But these hardware limitations are completely irrelevant in OP's case, where she is going to be buying only bitcoin and using it for long term storage rather than day to day spending, so she needs neither the extra storage space nor the Bluetooth connectivity.

I am in the exact same boat. There is no need for me to spend extra for a Nano X, since I have only BTC and XMR apps installed on my Nano S devices, and I have never had the desire to use them with my phone (although I still could with a USB cable if I wanted). I certainly wouldn't call that a hardware "limitation". Why spend $50 extra for features you aren't going to use?

If money isn't an issue, then OP's colleague would be better off buying two Nano S devices and using one as a back up.

[Lucius]

Why spend $50 extra for features you aren't going to use?

It is completely clear to me what the differences are between the S&X models, and it is also clear to me that the main factor when buying the device is price. It is also clear to me that there is a difference between those who already own Nano S and those who are hesitant between S&X. From your perspective of the current owner, there is no logic to invest in a new model because it does not make any difference to you, and the price does not suit you either.

But if you consider that buying hardware wallets is a long-term investment, then those who buy them today may still need to invest in a new model that will certainly have much longer support than the older model. Imagine a potential situation where someone bought a Nano S this year, and in 2 years Ledger says it will no longer upgrade firmware for the same model. But I guess that’s a risk most can live with.