Best Cardano Wallet

The very first name that you will probably hear when looking for the best Cardano wallet is Ledger. The company offers several reliable options, among which there is the Ledger Nano S Plus and Ledger Nano X. The latter is the more advanced hardware wallet offered by the company. Besides those, there are also newly released Ledger Stax and Ledger Flex wallets.

The Ledger company was founded back in 2014 by 8 experts who had prior experience in cryptocurrencies, cybersecurity and entrepreneurship. Their main goal was to create secure solutions for blockchain applications, and they managed to achieve that.

Currently, Ledger Nano X is one of the leading wallets for Cardano and multiple other cryptocurrencies due to its security measures. This device stores all your private keys offline, which ensures complete privacy and anonymity.

What is more, it features Secure Element (SE) that is capable of protecting you in case your Bluetooth connection is hacked. It works by asking for your authorization before making any changes. That said, while some people were concerned about Bluetooth Low Energy (BLE) connectivity, you should worry no more.

Now, since Ledger Nano X is a physical device, you should know that it’s made of top-notch materials, including stainless steel. So if you drop it on the floor by accident, nothing will happen to it. Of course, you might notice some scratches years into using it, however, that won’t affect the device’s performance.

What’s amazing is that Ledger Nano X has a wider screen compared to the company’s first model - Ledger Nano S. However, just like this one, it has two buttons for navigation. Even though you might need some time to get used to it, this device is pretty straightforward. Also, it comes together with a user manual where you’ll be able to find all the instructions.

This device comes together with a USB-C cable that you can use to connect it to your computer. What is more, Ledger offers an app that will allow you to control everything from one place. All in all, you shouldn’t have issues when it comes to usability.

Another amazing aspect of this wallet is that it supports over 5,500 crypto assets. This means that you shouldn’t limit yourself to ADA coins, there are so many other digital assets that you can choose to invest in.

What is Ledger Nano X Pricing?

Ledger Nano X might seem a bit pricey. Currently, it costs $149. However, you should keep in mind that you pay only once and can enjoy one of the best Cardano wallets for years.

Also, the company offers some really attractive deals and discounts on special occasions, so you shouldn’t miss them. And if you purchase a bundle, one Ledger wallet will cost you less.

The Ledger Nano S Plus is widely regarded as one of the best Cardano wallets, and it goes hand in hand with the Ledger Nano X. Though, as you might already know, the Ledger Nano S Plus is an improved version of the older Ledger model, Nano S.

Just like all Ledger products, Nano S Plus places an uncompromising emphasis on security. It utilizes a state-of-the-art secure chip to safeguard private keys, ensuring that they remain offline and isolated from potential threats.

This means that even if your computer is compromised, your ADA holdings are safe. Additionally, the device incorporates PIN protection and passphrase support for an extra layer of security.

It's also worth noting that the wallet is designed with user-friendliness in mind. It features an intuitive and easy-to-navigate interface and the Ledger Live app, making it accessible to both beginners and experienced crypto enthusiasts.

Moreover, the Ledger Nano S Plus offers impressive mobility. Its compact size allows for convenient portability, making it easy to carry around. This means you can manage your Cardano holdings on the go, providing a high level of flexibility for users who value accessibility and convenience.

In addition to Cardano, the Ledger Nano S Plus supports a wide range of other crypto assets, over 5,500, to be more precise. This makes it a versatile wallet for users who hold multiple types of digital assets. Some of the other supported coins include Bitcoin, Ethereum, Litecoin, and many more.

Above all that, it's worth noting that Nano S Plus basically is very much like the Ledger Nano X model, apart from the fact that it does not have Bluetooth connectivity, is slightly smaller, and is less pricey.

What is Ledger Nano S Plus Pricing?

Speaking of pricing, Ledger Nano S Plus costs $79. It surely is a more affordable hardware wallet that still offers most of the essential features, including strong security measures, user-friendliness, and wide crypto asset support. Besides, Ledger often offers some great deals that can lower the price even more.

Trezor Safe 5 is one of the best Cardano wallets available on the market. The device contains an NDA-free EAL6+ certified Secure Element chip. This is one of the newest features included in Trezor Safe 5 and Safe 3 models, designed to protect your cold wallet from brute-force attacks. Simply put, the chip safeguards highly sensitive information from software and hardware breaches.

Additionally, the Trezor Safe 5 cold wallet introduces a new 20-word wallet backup standard, enabling a seamless transition from a standard Single-share Backup to an advanced Multi-share Backup. Unlike the 12- or 24-word options, the 20-word backup consists of carefully selected words that are easily distinguishable from one another.

When it comes to the usability of this cold hardware wallet, it’s fair to say that it is one of the most user-friendly devices for storing your digital assets. Trezor Safe 5 features a vibrant color display that is made out of Gorilla Glass, which means it’s scratch-proof and can handle some wear and tear.

Moreover, the touchscreen interface makes it easy to access your hardware wallet and confirm transactions. In addition to the sleek design, the Trezor Suite application used to manage your digital assets is also beginner-friendly and doesn’t require advanced knowledge. However, you will need a basic understanding of how to transfer or receive funds.

Furthermore, it’s important to note that the Trezor Safe 5 does not have an integrated battery. Therefore, you will need to connect the hardware wallet to your Android, Windows, Linux, or macOS device each time you access your digital assets.

Finally, Cardano is not the only digital asset you can store on the Trezor Safe 5. This cold hardware wallet supports over 7,000 coins and tokens, so expanding your portfolio will not be an issue.

What is Trezor Safe 5 Pricing?

Trezor Safe 5 is definitely on the more expensive side. Currently, it’s priced at $169. That said, it should be taken into account that finding a cheaper cold hardware wallet that would provide the same security is quite a challenge.

Whether you are a beginner or an advanced crypto enthusiast, you have likely heard of Binance. While it’s true that hot wallets are generally less secure compared to cold ones, if you prefer to trade, using a wallet like Binance can be much faster and more convenient.

Users can access the platform through a web browser or an app, making it much more accessible than cold hardware wallets. However, this also makes it vulnerable to breaches since it is connected to the internet. It's worth noting, though, that Binance keeps the vast majority of its users’ cryptocurrencies in cold storage devices.

Additionally, the platform offers a range of security features. For instance, users can set up various forms of two-factor authentication (2FA). One of the options Binance provides is the Security Key, a hardware-based security measure that ensures only someone with the physical key can access your account.

Furthermore, Binance is one of the best cryptocurrency exchange platforms available. If Cardano is not the only asset you want in your portfolio, this platform supports a much wider array of different tokens and coins.

What is the Binance Wallet Pricing?

Using Binance Wallet will not cost you anything. As a result, you can enjoy high-quality services entirely for free and keep your digital assets safe at the same time.

Even though at the beginning of this guide, I mentioned that software/hot wallets are not as secure as hardware ones, there are multiple reasons why Coinbase deserves to be on this list of the best ADA wallets.

Coinbase is one of the most popular and reliable cryptocurrency exchanges in the market, and it also has one of the safest digital currency wallets that can be used to store ADA coins. What you should know, though, is that you will need two separate apps for Coinbase exchange and wallet.

One of the reasons why the Coinbase wallet is so recommended is security. It provides not only two-factor authentication but also multiple signatures, confirmation requests and multiple other security measures. It’s important to mention that Coinbase has never been hacked. This aspect adds additional reliability.

What is the Coinbase Wallet Pricing?

The good news is that, unlike hardware wallets, the Coinbase wallet is completely free of charge. This means that there will be no additional charges for secure cryptocurrency storage. You only need to download an app and start using it.

Trezor Model T is another wallet that must be included in the “best Cardano wallet” list. Since Trezor Model T is a hardware wallet, just like Ledger Nano X, it stores your private keys offline. It’s virtually impossible for a hacker to steal your assets because the wallet is never connected to the internet.

Using Trezor Model T, you can send and receive as well as store your cryptocurrencies (obviously), and check your balance. Before making any changes, you will need to enter your personal PIN number. What is more, you’ll get your backup passphrases that are needed in case your device is lost or stolen.

Trezor Model T features top-notch security features. You already know that your private keys are stored offline, however, this wallet also locks all of your passwords within Trezor Password Manager individually by utilizing your digital keys. What is more, Trezor supports BIP39 passphrases, so your private and public keys are never remembered by the device.

Note: It’s crucial not to share your PIN code or backup phrases with anyone!

Moving further, Trezor Model T supports more than 1,600 cryptocurrencies, including the most popular coins and even lesser-known tokens. Needless to say, the ADA coin is supported as well.

Also, based on customer reviews, the Trezor Model T is relatively easy to install and use, even people without any experience will be able to set it up quickly. Since it comes with all the needed instructions, the process will be even less complicated.

Trezor Model T has two buttons for navigation, however, what’s different from the previous model (Trezor One) is that this device has a touchscreen which is an obvious improvement compared to the previous model.

All things considered, the Trezor Model T is definitely one of the best options that you should take into account when choosing the best Cardano wallet.

What is the Trezor Model T Pricing?

Being one of the best ADA wallets, the Trezor Model T comes with a price. One device costs $129, or you can choose a package that includes two Trezor Model T wallets for $232. Seems like a good deal.

Also, you’ll be able to find some really attractive Trezor deals on special occasions, so make sure not to miss them!

When searching for the best wallet for Cardano, you’ll come across Trezor Safe 3. It’s one of the more recommended hardware wallets where you can store ADA coins.

Trezor Safe 3 is one of the newest Trezor wallets that was released back in 2023 by a company called SatoshiLabs. The wallet is CE, RoHS, and FCC certified, which means that it meets quality and reliability standards.

One of the reasons why it’s recommended to choose this wallet is security. When sending or receiving ADA coins using Trezor Safe 3, you will need to provide a PIN code each time you perform an action. No changes will be made without your authorization.

Now, in case you lose this device, you should know that the recovery process is quite simple. You’ll be given a passphrase when setting up your wallet. It will be needed to recover your funds.

Trezor Safe 3 is relatively easy to use compared to other hardware wallets in the market. It comes with all the instructions you need to figure out how to use it.

What is Trezor Safe 3 Pricing?

Trezor Safe 3 is one of the most affordable hardware wallets for Cardano. It currently costs only $79. That said, you make only one payment and can use a secure hardware wallet for ADA cryptocurrency for years.

Talking about the pricing, you’ll see that Trezor sometimes offers really attractive deals for both of the wallets, so you can spare your savings significantly. Also, when you purchase a 3-pack for you and your friends, one Trezor wallet will cost you less.