The Best Cold Wallet for NFTs Based on Safety: Top 5

Intro

Non-Fungible Tokens (NFTs) are popular assets in the crypto world, and as their popularity grows, their security becomes more important. One of the highest security means of holding NFTs is cold wallets, where you can store your keys offline. So, let’s find out about the best cold wallet for NFTs that offers high security for your digital assets.

Key Takeaways

• Cold wallets are highly secure as they keep your private keys offline.
• EAL ratings, compatibility, and ease of use are factors to consider when choosing the best cold wallet for NFTs.
• The 5 best cold wallets for NFTs based on safety are Ledger, Trezor, SafePal, Keystone, and Ellipal.

What Are Cold Wallets?

Cold wallets are physical devices or offline storage systems where you can keep your cryptocurrency/NFT private keys disconnected from the internet.

One of the biggest risks for digital assets is hacks and cyberattacks. So, by using an offline wallet, you won’t have the problems that hot wallets may have.

Why Are Cold Wallets Safer than Hot Wallets?

Cold wallets are safer because they are always offline, unlike hot wallets which are always online. It means your private keys stay safe from malware, phishing attempts, and other online threats.

Even if your computer or smartphone is stolen or hacked, your cold wallet stays secure as it needs physical access for transactions.

When choosing cold wallets, you need to consider important factors to select high-security wallets.

Learn More: The Best NFT Marketplaces in 2024 for Beginners by Fee and Volume

What to Consider When Choosing a Cold Wallet?

• NFT Support: The best cold wallet for NFTs is compatible with NFT standards like ERC-721 and ERC-1155.
• User Experience: Good wallets provide both safety and ease of use. You don’t want to get confused with difficult procedures.
• Durability: Since cold wallets are physical, they must be resilient against damage.
• Price: Although better products usually cost more, you need to find a wallet that is budget-friendly.
• Security Certifications: Check the wallet’s EAL (Evaluation Assurance Level) rating.

What Is the EAL Rating?

An EAL rating is a well-known security certification that measures a device’s resilience against attacks. The ranking ranges from EAL1 to EAL7, and a higher rating indicates stronger security.

So, when choosing a cold wallet, you need to check its ELA ranking and look for higher ELAs to ensure the wallet is highly secure.

The Best Cold Wallet for NFTs

If considering safety, the following five cod wallets can be ranked top 5:

1. Ledger
2. Trezor
3. SafePal
4. Keystone
5. Ellipal

Learn More: The Best Crypto Wallet for Under 18

The Best Cold Wallet for NFTs: #1 Ledger

Ledger is one of the most trusted cold wallets, providing high security and user-friendly experience. Ledger wallets have high ELA ranks and can work for several years due to their high-quality build.

Ledger supports ERC-721 and ERC-1155 NFT standards and is compatible with marketplaces like OpenSea.

Ledger wallets have Ledger Live software for managing portfolios, NFTs, and transactions. Ledger includes three main models: Ledger Nano S Plus, Ledger Nano X, and Ledger Stax.

• Ledger Nano S Plus: It is compact and supports over 5,500 cryptocurrencies and NFTs. It costs around $79.
• Ledger Nano X: It offers Bluetooth connectivity, a larger screen, a mobile app, and NFT compatibility. It costs about $149.
• Ledger Stax: It provides a premium design, a touchscreen interface, and advanced features for more professional users. It costs about $279.

The Best Cold Wallet for NFTs: #2 Trezor

Trezor is another high-security crypto hardware wallet, offering transparency and useful features. It supports ERC-721 and ERC-1155 NFT standards.

Its ELA ranking is also high and ranks among the top in durability, thanks to continuous testing and updates. It also has an easy-to-use interface with the Trezor Suite software, which enables users to manage NFTs and transactions.

It offers two models: Trezor Model One and Trezor Model T.

• Model One is affordable (about $69) and supports major cryptocurrencies and NFTs.
• Model T provides advanced security, a touchscreen interface, and more and supports a wide range of crypto and NFTs. It costs about $219.

The Best Cold Wallet for NFTs: #3 SafePal

SafePal is the number 3 best cold wallet for NFTs with an affordable price, high security, and NFT support. It supports ERC-721 and ERC-1155 NFT standards.

While affordable, the wallet’s build has high physical durability. It has an application that improves user experience with an easy interface and portfolio tracking.

It has a SafePal S1 model, which provides the following features and costs only about $49.

• It uses an air-gapped signing mechanism to improve the security of transactions.
• It supports over 30,000 cryptocurrencies and NFTs.
• It offers a simple and useful mobile app to let users manage their portfolio and NFT assets.

Learn More: What Is the Next Cryptocurrency to Explode in 2025?

The Best Cold Wallet for NFTs: #4 Keystone

Keystone is more suitable for advanced users who prioritize security and transparency and look for a wider range of NFTs. It is highly durable, especially the Pro model, which includes a self-destruct mechanism to increase security.

Professional users will enjoy its open-source design and NFT interactions. Also, its metal construction and advanced security features make it a high-quality choice.

It offers two main models, Keystone Essential (about $129) and Keystone Pro (about $169), with the following features.

• The wallets use air-gapped QR code signing to increase the security of transactions.
• They use open-source firmware to increase transparency.
• They support ERC-721 and ERC-1155 NFT standards.

The Best Cold Wallet for NFTs: #5 Ellipal

Ellipal wallets provide tamper-proof design and seamless integration with NFT marketplaces. The number 5 best cold wallet for NFTs enables simple QR code transactions to increase security and usability.

Ellipal has high durability ratings, with cutting-edge technology ensuring long-lasting usability. It also supports multiple blockchain ecosystems and NFT standards, including ERC-721 and ERC-1155.

It offers the Ellipal Titan model, which costs about $139, is fully air-gapped, and has a strong metal casing for physical security.

Summary

When it comes to securing NFTs, cold wallets can provide the highest security as they are offline and away from cyberattacks. The best cold wallets for NFTs ensure your NFTs are safe from threats.

You just need to choose the one that best suits your specific needs, from design and UX to features and usability.