Monero is one of the most popular and special kinds of the digital coin in the crypto community. Since 2012 that Monero was launched and created, it has been known to use the so-called cryptography, a certain way of ensuring transactions are safe since it remains untraceable and private.
Prior to its popularity in the digital market, the Monero was first known as the Bitmonero, a fork of the Bytecoin blockchain. Among the many digital coins in the market, the best thing about Monero is that users can have full control over their own currency and as well as with the respective transactions they create. It has been learned that this digital coin has no pre-set size limit, unlike other coins. This simply means that malicious miners can clog up the system if they wish to.
Meanwhile, Monero is also known for having multiple keys making it a lot confusing to some users. Nevertheless, this coin still remains to be in the top 12 in the cryptocurrency market based on its market capitalization. Based on records, this digital asset remains to be one of the most profitable in the crypto space.
The Safest Monero Hardware Wallets of 2019
Once you got your Monero digital coin, the next thing to come in mind is proper storage for you to safely keep it. You will surely want to move them off from the exchange have it stored safely in your own wallet. When you have plans of keeping this digital asset safe for a long period of time, check out some of the most notable hardware wallets that are best in safe-keeping Monero coins.
#1 Ledger Nano S – This is one of the most popular hardware wallets to get in keeping Monero coins safely. This versatile device almost acts as a simple USB drive. You simply need to get it plugged into any device through a USB port and you can simply make transactions with it in no time. The Ledger Nano S is known to support a wide variety of cryptocurrencies.
Apart from Monero, digital coins like Ripple, Ethereum, Litecoin, Stellar and a lot more work best with this hardware wallet. If you are looking for the best reasons for getting this device, apparently, the Ledger Nano S is known for its tightened security feature. This is the simple reason why this could be the top choice for a Monero coin storage. It has a two-factor authentication, a secured PIN code, and a very accessible recovery speed.
Furthermore, the Ledger Nano S has a built-in OLED screen where you can simply check every transaction detail by tapping its button. Tracking your currency works perfectly fine with this Monero hardware wallet.
#2 Ledger Nano X – This is another hardware wallet that is almost similar to the Nano S. It still retains the USB-type design and it comes with a smaller dimension compared to other hardware wallets. Accordingly, this Nano X was recently launched on January 2019 during the annual Consumer Electronics Show in Las Vegas. Most of the users in the crowd were amazed by this newest hardware wallet in keeping coins like Monero. This comes with the so-called CC EAL5+, which is a certified secure chip that allows the user to store sensitive data. Furthermore, it also has a Bluetooth capability that allows you to make wireless crypto asset management.
With its Bluetooth feature, users will have wider access in terms of managing their digital assets anywhere and anytime. Apart from being a hardware wallet, it is also capable of connecting to a smartphone’s Bluetooth connectivity. This allows users to monitor and control every transaction detail by downloading a love mobile app.
#3 Trezor Wallet – This is another hardware wallet that is also best in keeping Monero coins. Since its launching in the Czech Republic, the Trezor made names for providing the best security to its digital coin users. It has been learned that this hardware wallet will protect your coins from physical and virtual theft. This is just a small device with a built-in OLED screen and will connect via USB port to your personal phone or computer. This hardware wallet is the perfect solution in storing a large number of digital assets in order to keep them from malicious thefts. This allows users to store their private keys offline making no way for hackers to get a record of your privacy code. Using Trezor is pretty much similar to using other hardware wallets, too.
How to Select the Best Monero Hardware Wallet
With the emerging popularity and use of crypto coins in the market today, it is no surprise to find varieties of digital assets being used by investors worldwide. With the many different ways that these coins are used, there are also different types of wallets that users can choose from. Here are some of the important factors to take into consideration in choosing the best Monero hardware wallet.
- Security – Being an investor, always look into the safety of your Monero coin. This means that looking into a two-way factor authentication must be your prime concern. In choosing a wallet, having the best security must always come into your priority to ensure that keeping Monero assets will always be secured.
- Private Keys – Look for a wallet that provides for a safe private key. Make sure that as a user you will have full access and control over these safe keys.
- Supported Coins – It is also important to look for wallet features that support other kinds of coins other than Monero. This is to make sure that you can still make a further transaction with some other digital coins in the crypto space.
- Ease of Use – To save your head from trouble, make sure to select a hardware wallet that is user-friendly even for the beginners. This gives you the peace of mind, especially when making a transaction through your assets.
The use of hardware wallets for cryptocurrencies like Monero minimizes the attack of theft, both in the physical and in the virtual world. With its tight security and private key feature, there is no way for hackers to gain access to your wallet by infecting your computer. Hence, make sure to select the best Monero hardware wallet that suits your needs best!