Most reputable hardware wallets are good enough for most people. The differences matter mainly if you have specific needs. This comparison is part of our guide to hardware wallets explained. Read how we test for our criteria.
The features that matter
| Feature | Why it matters |
|---|---|
| Clear device screen | You can check what you are signing |
| Secure element | Better protection if the device is stolen |
| Open source firmware | Outsiders can check the code |
| Air-gapped signing | No direct connection to your computer |
| Passphrase on device | The secret is not typed on a computer |
| Coin support | Must support what you hold |
| Maker's record | How have problems been handled? |
| Ease of use | Mistakes are the bigger risk |
Secure element vs open source
- Secure element: a hardened chip makes physical extraction harder. Often, its firmware cannot be fully published.
- Open source: anyone can review the code, and independent builds can be checked. Without a secure element, devices may be more exposed to physical attack, which a strong passphrase can offset.
Some newer devices combine both approaches. Neither wins outright. Think about which threats worry you most: someone stealing the device, or hidden flaws in the code?
USB, Bluetooth, QR or microSD
| Connection | Convenience | Exposure |
|---|---|---|
| USB | High | Direct link to the computer |
| Bluetooth | High, for phones | Wireless, though data is encrypted |
| QR code | Moderate | No direct link |
| microSD | Lower | No direct link |
Read about air-gapped signing.
Common profiles
| You are… | Look for |
|---|---|
| A beginner | Simple setup, a good screen and strong guides |
| A Bitcoin-only holder | A Bitcoin-focused device with air-gapped options |
| A multi-coin holder | Wide coin support |
| A phone-first user | Bluetooth or QR support |
| Security focused | Air-gapped, open code, passphrase on device |
Backup format
Most devices use a standard BIP39 phrase. Some offer Shamir shares, which are harder to restore elsewhere. Check this before you buy, particularly if you value compatibility.
What not to worry about too much
Do not spend months choosing. Setup mistakes and scams cause far more losses than the differences between good devices. Once you have decided, buy from a safe source.