1. Ledger Nano X
Pros:
- Ledger Live is intuitive and has a convenient user interface
- Store up to 100 different apps simultaneously
- Open-source
- Bluetooth connectivity
Cons:
- Bluetooth isn’t as smooth as it could be
- Can only store a few wallets simultaneously
2. Trezor Model T
Pros:
- Web-based user interface with the exchanges built-in for easy access
- Large list of supported cryptocurrencies
- Open-source with large amounts of community and customer support
- Unlimited number of wallets available simultaneously
Cons:
- Price point is high for a hardware wallet
- Small touchscreen is difficult to type on
- Can be confusing for a first time user
3. Ledger Nano S
Pros:
- Ledger Live is an easy user interface
- Secure storage at an affordable price
- Open-source for great customer and community support
Cons:
- Only able to store 18 wallets simultaneously
- No wireless Bluetooth feature
4. Exodus
Pros:
- Wide range of cryptocurrencies, including Bitcoin Cash and Dash
- Built-in exchange for easy trading
- Excellent customer support
Cons:
- Closed source software caused security concerns
5. Electrum
Pros:
- Set custom transaction fees
- Higher levels of security than other hot wallets
- Ability to customize seed phrases
- Open source
Cons:
- Most basic user interface
- Only works with Bitcoin
- No customer support
6. Mycelium
Pros:
- Set custom transaction fees
- Ability to use hardware wallets to store Bitcoin holdings
- Open-source software for security
Cons:
- Mobile only
- Only works with Bitcoin
1 Comments
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