Just like a regular wallet, which is meant to keep your money safe, crypto wallets are also meant to keep your cryptocurrencies safe.. Instead of storing physical currency, the wallet stores relevant information such as the secure private key used to access Bitcoin addresses and carry out transactions.

Given that many investors are new to the crypto niche and may not know how to keep their investments secure, hackers are coming up with ingenious ways of stealing funds.
That’s why the safest place known today to keep your cryptocurrency is in a crypto wallet. Different wallets exist which attempt to secure your cryptocurrencies from hackers, In this article we’ll go over the top crypto wallets for affiliate marketers.

In 2013, a new type of cryptocurrency wallet emerged – the hardware wallet. Basically, a hardware wallet is a cryptocurrency wallet which stores the user’s private keys in a secure hardware device that is not connected to the internet. The main principle behind hardware wallets, are to provide full isolation between the private keys and your easy-to-hack computer or smartphone. This will prevent a remote attacker from being able to steal your coins.

 

Ngrave

According to their announcement in June 2020, Ngrave is available to the public after raising more than $159,000 from a crowdfunding campaign on Indiegogo.
Ngrave states that their development of a new wallet started due to two problems they were facing with existing wallets. First, they all rely on the interior chip for generating the user’s key (which Ngrave claims are likely to have “backdoors”). Second, was the fact that all existing solutions give you a key, so they may have a database holding all the keys they ever made, including yours. That’s why Ngrave invented a wallet that has “outside” elements for an extra layer of security, it is like fingerprints. Meaning, The ZERO introduces a generation process that not only relies on the interior chip, but that also includes biometrics and surrounding light. The ZERO enables interaction with the key, in an offline setting. Underneath the multiple layers of physical protection, the device also embeds a Secure Element (SE) that is specifically designed to be an additional vault for private keys (the secret access keys to the funds).

Ngrave is the first blockchain technology product to earn the EAL 7 security certification. It is pocket-size with a high end touch screen and seamless QR codes based communication. Fully manufactured in Belgium.

Ledger Nano S
Ledger Nano S is a hardware wallet that is used for the storage of and transactions in popular cryptocurrencies like BitcoinEthereum and other popular altcoins like LitecoinBitcoin Cash, and ZCash. Powered by USB connectivity, Ledger Nano S includes firmware-level support for companion apps for various cryptocurrencies that allow users to send and receive cryptocurrency payments, check their accounts, and manage multiple addresses for each cryptocurrency from the same device. Ledger Nano S protects the cryptocurrency holdings and wallet addresses. A user’s private keys are hard locked in the Secure Element of the device. A 4-digit secret PIN code is required each time the device is plugged in for any transaction or queries, which prohibits any misuse in case of loss or theft. The device also supports FIDO® Universal Second Factor standard, which is used to simplify the authentication process on compatible and popular online services like Dashlane, Dropbox, GMail and GitHub.

Ledger Nano S allows for the secure import and export of recovery sheets for easy backup and restoration on any ledger device or compatible wallets with the BIP39/BIP44 standards. The device claims to be malware-proof, and is compatible with Windows (7+ versions), Mac (10.9+ versions), Linux or the Chrome operating system.
Ledger Nano S derives the necessary power from USB, and no batteries are required to operate the hardware wallet.
The device looks like a standard USB pen drive and can be connected to any compatible computing device through the accompanying USB cable. It offers a suitably-sized built-in display offering real-time messages and views to check and confirm funds and transactions on the device using physical buttons.

The company has sold more than one and a half million devices in the last few years and has recently released a new hardware wallet: the Ledger Nano X.

Keepkey

Each Keepkey device generates a 12-word recovery sentence during initialization that can be used to retrieve private keys. A unique PIN code needs to be created when setting up the wallet. It generates cryptocurrencies’ private key using its hardware-based random number generator, combined with randomness provided by your computer. On this device, each transaction must be manually approved using the confirmation button. Moreover, KeepKey boasts a recovery feature that allows users to retrieve accounts from a damaged or stolen device.

Keepkey supports cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Dash, and 46 ERC-20 tokens.

Thе KeepKey wаllеt іѕ easy tо uѕе. It does not require a battery for its operation. The device can be connected via a USB port to a Linux, Mac or Windows operating system device. KeepKey also works with mobile phone when connected with an OTG adapter cable

The device’s security features рrоvіdе protection аgаіnѕt both рhуѕісаl and virtual thеft. It саn be uѕеd оn any соmрutеr, еvеn оnе that has been infected with malware. It uses the BIP32 protocol to store the private keys of all digital assets.

KeepKey is a USB HID-class device and offers a large display. It was founded by Darin Stanchfield in 2015 and is headquartered in the US. KeepKey acquired the Bitcoin wallet Multibit in 2016, and was later acquired by Shapeshift in August 2017.

Final words

Keeping your crypto wallet safe is essential as crypto wallets are high-value targets for hackers. Some safeguards include encrypting the wallet with a strong password and choosing a cold storage option like storing coins offline. It is also advisable to frequently back up your desktop and mobile wallets as problems with the wallet software on your computer or mobile device could erase your holdings.