Trezor Model T - Best for maximum security

Why Trezor Model T: Trezor Model T makes it here because it integrates the most security features of any hardware wallet.

Trezor Model T Overview

Trezor Model T is a second-generation hardware wallet developed by Satoshi Labs. It replicates most of the physical and operational features of the Ledger Nano S, safe for the fact that it is larger and embeds a touch screen. It also doesn’t have Bluetooth functionality, instead, it uses a USB type C cable to connect the device to computers and smartphones. Further, it integrates such third-party exchanges as Coinswitch and Shapeshift that one can use to facilitate crypto transactions.

Like Ledger Nano S, it allows you to further encrypt and backup your PIN and data to a MicroSD card. It has a 12-word seed phrase for backing up your wallet data and requires a PIN to even connect to the computer/phone via USB. Every time you input the PIN incorrectly, the wait time for the next trial is raised to the power of two.

Pros

• You can use the inbuilt web-based interface and integrated exchanges to buy, sell, and swap Bitcoin and 1600 other cryptocurrencies supported by Trezor.
• Trezor T is built on an open-sourced technology, allowing for vetting and code audit.
• Uses multi-factor authentication for logins and crypto transfers.

Cons

• Critics argue that these security features don’t justify its rather high price.
• A number of users have complained that the Trezor Model T is too complex to set up.