Keep Cryptocurrency and NFTs Safe: Top Alternatives to Ledger | NFT CULTURE | NFT News | Web3 culture

by James · May 16, 2023

In light of recent changes in Ledger policies that may risk the security of seedings, it is increasingly important to explore and understand alternative methods of securing your digital assets, including Non-Fungible Tokens (NFT) and cryptocurrencies. This article will explore some of the best alternative options available and offer a comprehensive guide to help you make informed decisions.

Table of Contents

1. Vault

Trezor is a recognized hardware wallet that securely stores your private keys offline while allowing you to transact online. By storing keys offline, Trezor protects your digital assets from online threats. It is crucial to always purchase your Trezor wallet directly from the manufacturer to avoid counterfeit products.

2. Cold wallets

Cold wallets are hardware wallets that are disconnected from the internet, making them impervious to online hacking attempts. This method ensures the greatest security for your digital assets. However, physical security is just as important when using cold wallets.

3. Safe (formerly gnosis)

Gnosis Safe introduces an innovative feature to the world of digital asset security – multi-signature wallets. This security method requires multiple people to approve a transaction before it goes through. This procedure eliminates single points of failure, adding an extra layer of security to your digital assets.

4. Casa

Casa offers an easy-to-use key management solution that requires multiple keys for a transaction to be approved. This feature is quite similar to that offered by Gnosis Safe. In addition to their key management solution, Casa also provides legacy solutions for its users.

5. Other hardware wallets

Other hardware wallets such as COLDCARDwallet and BitBox02 offer robust security features and support a wide range of cryptocurrencies. These wallets store your keys offline and allow you to verify transactions directly on your device.

6. Secure partitioning

Secure partitioning is another method of securing your digital assets. Some hardware wallets such as Ledger and Trezor support this feature. Secure partitioning lets you keep a secret set of accounts hidden behind a passphrase, adding an extra layer of security on top of the recovery phrase.

7. MetaMask with a hardware wallet

Using MetaMask with a hardware wallet is another recommended method. While MetaMask alone is vulnerable to phishing, pairing it with a hardware wallet adds an extra layer of security. This combination allows you to sign transactions on your device, thus preventing the exposure of your private keys.

Regardless of which option you choose, it’s crucial to always keep your seeds safe and offline. Never share them with anyone, and consider