The best crypto wallet for beginners is the SafePal wallet, as it is the cheapest device, and it is very intuitive to learn how to use. The Ledger wallet would be a slight level up as it allows for more cryptocurrencies and has a few other extra features. The Trezor device is more on the higher end and has a steeper price tag to go with it.
Read this article to learn about the security features, user easability, and price range for each device to pick which one is best for you.
Security Features
Security is probably an essential feature when dealing with any kind of wallet, especially with digital currencies. These wallets have specific security that allows users to feel as if their assets are safe regardless of where they are taking the wallet. However, some do have more intense security features than others.
Ledger Wallet
The Ledger Nano S has an A-grade security system that sets it apart from most competition. It stores private keys in a separate and secure environment from the operating system Because it means if the rest of the device is compromised, no one will be able to get your private keys. Could support a standard BIP-39 protocol with a recovery seed phrase of 24 words.
Trezor Wallet
The Trezor wallet supports a BIP-39 passphrase that isn’t on the device, Which helps protect against local hardware attacks. It also requires an authentication PIN whenever accessing private and public keys. It has a bootloader that erases the device’s memory if the firewall signature is invalid.
SafePal Wallet
A SafePal device doesn’t have any NFC, Bluetooth, USB, cellular, or external device connections, giving it an extra security layer. Someone won’t be able to wirelessly access your wallet unless they go through your smartphone and have a USB-A charger.
User Experience
How easy you can use a specific cryptocurrency wallet is essential for those just starting with one of these Hardware devices compared to those with some experience. The more intuitive it is to use the wallet, the better it is for beginners. Some of these devices also have more features that are just redundant if you’re only going to be starting with a simple portfolio.
Ledger Wallet
The Ledger device has a small OLED screen and two buttons that you can use to navigate to the different apps, verify your PIN when accessing the device, confirm transactions, and generate your recovery seed words. The right button is considered the up arrow, and the left button is regarded as the down arrow to scroll through the different sections. Pressing both buttons simultaneously is how you confirm your selection.
The minimal buttons make it very intuitive and easy to use the device, and it only has one port with the micro USB to connect to a standard USB port on a PC or Mac device. The only real difficulty with using this device is the smaller screen, making it difficult for some people to navigate correctly.
The Ledger wallet also has the benefit of having an intuitive mobile app and iOS connectivity, making it easier to use in general.
Trezor Wallet
The Trezor wallet is more like a keychain for your keys, making it easy to carry around with you and plug into your phone whenever you need to use it. Some models operate entirely on a touch screen or have two buttons to help you navigate through the device. It takes all 10 minutes to set up and is in to attempt to use.
SafePal Wallet (Easiest to Use)
The SafePal wallet is probably the best introductory hardware wallet. It doesn’t have any connection weaknesses and can’t be hacked by any radio frequencies or connected to Internet devices. It’s something you can use on the go since it’s one of the genuinely wireless wallets out there.
Price Comparision
The price of the wallet is probably going to be one of the most important deciding factors of which one you were going to choose. The higher the price, the more features you’re going to get, but if you’re a beginner or there are only a few features that you’re looking for, then the higher price isn’t going to help you.
Trezor Wallet (Most Expensive)
One of the downsides of the Trezor wallet is that it is the most expensive one on this list, and it starts at about $100 and only class from there depending on how many features you’re looking for in your wallet. Generally speaking, TRezor is more of an advanced choice for those using cryptocurrencies for a while to justify the price tag.
Check out the price of Trezor on Amazon
SafePal Wallet (Least Expensive)
The SafePal is one of the cheapest devices you will find and a hardware wallet because it has a plastic coating and a small camera module that uses a very low resolution. The company made this device as cheap as possible while remaining secure. However, there are no NFC, Bluetooth, USB, cellular, or external device connections.
The SafePal wallet comes in at about $39.99, rare for a crypto wallet to fall underneath the $50 price range.
Ledger Wallet
The Ledger is also relatively of the three best-known Hardware wallet companies. This makes it so much more expensive than the SafePal, but it also has some additional features, which account for the higher price range.
The Ledger wallet supports over 1,000 cryptocurrencies, making up for the minimal currencies available for the SafePal wallet coming in at only six different kinds of coins.
Check the price and availablity of the Ledger products on Amazon.
Conclusion
The SafePal is the best wallet for most new crypto-currency users as it gives you a lot of security while not having an overwhelming amount of features or having a high price tag. If you want to upgrade and use more currencies, the Ledger wallet is an excellent step up. The Trezor wallet is more for those already into cryptocurrencies.