Monero (XMR) is a leading privacy-focused cryptocurrency. It has become popular within the cryptocurrency space due to its excellent features. As one of the most used cryptocurrencies, people buy, trade, and sell it a lot. However, to keep their XMR safe, they will need to store it in a safe and secure place. The best storage wallets are the cold wallets. In this post, we will review the top three best cold storage Monero wallet.
What to look out for in a cold storage wallet
Before picking a wallet to store your XMR reserve, there are specific criteria you have to look out for. Here are the things to keep in mind when choosing a monero wallet.
Excellent security to prevent theft of coins via hack
Privacy to the user
Progressive development of the wallet to add new and secure features
Excellent customer support
Using these criteria, we will now review the top three Monero cold storage wallet currently available in the market.
Top three Monero cold storage wallet
Ledger Nano X
Ledger Nano X is the latest cold storage wallet by the French cryptocurrency security company. The cold storage wallet supports XMR, and it is the first hardware wallet to support the cryptocurrency for use with iOS devices.
Users can connect the Ledger Nano X to iOS devices using Bluetooth, making it easy for people to manage their Monero and other cryptocurrencies from their mobile phones. Asides iOS devices, Ledger Nano X also works with Android mobile phones and desktop computers.
Ledger Nano S
The older version of Nano X, Ledger Nano S is also an excellent hardware wallet to store cryptocurrencies. It supports over 700 cryptocurrencies, including Monero. The device is shaped like a USB flash drive and comes with an OLED screen, which alongside two buttons allows users to navigate the user interface easily.
Ledger Nano S also has incredible security as it is impossible to access the device if you are not the owner. Similar to the Nano X device, Ledger Nano S is an offline device. Thus, your XMR will never be stored on an online computer, making it virtually impossible to hack.
Trezor Model T
The Trezor Model T is a cold storage wallet designed to serve a wide range of digital currencies. At the moment, this hardware wallet supports a broad range of cryptocurrencies, including Monero.
With Trezor Model T, users get to keep their data and store their XMR stash in a very secure offline wallet. The security of this device is impeccable, and it is hard to access the cryptocurrencies if you are not the owner. Overall, the Trezor Model T cold storage wallet is an excellent device to store your XMR reserve and protect them from theft.
Ledger Nano X, Ledger Nano S, and the Trezor Model T devices are currently the best cold storage wallets to store XMR. The devices allow users to save Monero offline, making it impossible for hackers to steal the coin reserve.