What is a Hardware Wallet?

A hardware wallet is a physical crypto wallet that enables investors and traders to send, receive and store different cryptocurrencies and coins. The main feature of a hardware wallet is that it stores the coins offline, which makes them resistant to unauthorized login. Unlike most hot wallets that can be used for free, hardware wallets come with a certain cost. Some cold storage devices might be on sale for around $75 or more per wallet. Popular hardware or cold wallets are Ledger Nano S, Ledger Nano X, and Trezor.