Welcome to Cardano
  • 👋Welcome to Cardano
  • ‼️Important definitions
  • 🔐Security tips
  • 💹1. Choosing an exchange
  • 💰2. Purchasing ADA
  • 👛3. Choosing a wallet app
    • Daedalus
    • Yoroi
    • Eternl
  • ↔️4. Sending ADA to your personal wallet
  • 🤝5. Delegating your ADA
  • 📗Further reading
    • ⚖️Exchange vs SPO staking
    • 🛠️Hardware Wallets
    • 🔌Third Party Wallets
    • 🎯Some links of interest
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  • What are hardware wallets?
  • Why should you consider a hardware wallet?
  • What benefits do hardware wallets offer?
  • Which hardware wallet should you buy?

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  1. Further reading

Hardware Wallets

Brief introduction to the advantages of using a hardware wallet for your ADA.

This guide is not affiliated or in any way supported by the hardware wallet manufacturers mentioned herein.

What are hardware wallets?

A hardware wallet is a physical device to store your cryptocurrency private keys away from the internet. Hardware wallets confirm transactions in an offline environment: this helps keep your private keys away from the risks of the internet.

Purchasing a hardware wallet to protect your crypto investments should be your first priority.

Why should you consider a hardware wallet?

The offline nature of hardware wallets keeps them safe from online threats like hacking and malware: physical isolation significantly reduces the risk of unauthorized access.

Easy-to-use recovery phrases ensure that users can regain access to their funds if the device is lost or damaged.

Overall, hardware wallets provide a robust, secure solution for managing cryptocurrency investments, and should be considered best practice.

What benefits do hardware wallets offer?

Hardware wallets offer several benefits over software wallets for storing ADA:

  • enhanced security by keeping private keys offline

  • secure design elements that protect against physical tampering

  • portability

  • ease of back up with recovery phrases

Which hardware wallet should you buy?

Refer to the manufacturer's website for more information on individual hardware wallets and their usage.

We recommend the following hardware wallets, based on the below compatibility matrix:

Daedalus
Yoroi
Yoroi Mobile
Yoroi iOS
Eternl
PreviousExchange vs SPO stakingNextThird Party Wallets

Last updated 11 months ago

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Ledger Nano X
Ledger Nano S Plus
Trezor Model T