Best Cryptocurrency Wallets to Hold Long Term 2024

If you are investing in Bitcoin or any other cryptocurrency, a reliable and secure cryptocurrency wallet is an essential tool you should have.

Cryptocurrency wallets come in different forms, such as hardware, software, and paper. Each offers a different level of security and safety.

Choosing the right wallet is essential, especially if you are adopting Hoddle (Hold on for dear life) A long-term Bitcoin investment strategy.

The HODL strategy is to buy cryptocurrencies and hold them for the long term, regardless of market volatility. The point here is that these assets will increase over time.

That’s why educating yourself about long-term cold crypto wallets is so important. You want to be able to “Set it and leave it“

In this post, we’ll review our top picks for: Best Long Lasting Cold WalletsWe’ll explain each one’s features, pros, cons, and price points.

Recommended Features for Long-Term Cryptocurrency Wallets

There are a few key features to look for when choosing a crypto wallet for long-term storage. Typically, those who invest using the HODL strategy are looking for ways to achieve financial independence, so ensuring the safety and security of their Bitcoin and other cryptocurrencies is vital.

“Set it and forget it” cold wallet

➡️What makes a cold wallet unique is that it stores your private keys offline. This reduces the risk of hacking attempts and malware, making it the perfect choice for long-term storage.

There are two types of cold wallets to consider: physical wallets and paper wallets.

• It is always recommended to use a hardware wallet just to maintain the physical integrity of the wallet.
• Paper may tear and ink symbols may fade over time due to simple wear.

Safety and Security

➡️Look for security features like encryption and tamper-resistant chips to protect your private keys.
➡️Backup and recovery options: Seed phrase storage and recovery security.

User control

➡️Private key ownership
➡️Self-care

Top 3 Cryptocurrency Wallets to Hold Long Term

1. Bitcoin Material

Material Bitcoin has a unique approach to cryptocurrency storage, offering a physical wallet designed specifically for Bitcoin. There are also separate individual wallets for Ethereum and USTD as well.

The Material Bitcoin wallet is one of the ready-to-use cold wallets available. You can even buy BTC directly from Material Bitcoin websites or withdraw it from an exchange and store it directly in the wallet.

👌Feature Highlights:

• Bitcoin Material is a physical Bitcoin wallet that is built to be durable and secure.
• It does not contain any digital components which means it is immune to digital attacks.
• The physical card is made of AISI 304L stainless steel, making it waterproof, shockproof and fireproof.
• There is a separate seed phrase wallet that you can purchase to accompany your Material Bitcoin cold wallet. This card is also made of stainless steel and you must engrave your recovery phrase on it.

✅Positives:

• Damage resistant.
• Ease of use: The wallet is simple, and does not require any software updates or complicated setup processes. This makes it easy to access even if you are not very tech savvy.
• Secure physical storage and self-guarding.
• There are no digital elements or components.

❌cons:

• Limited to Bitcoin, Ethereum or USDT.

💲price:

• Despite its reasonable price of $89, it is a reasonable price for a cold hardware wallet.

🙋Best for:

• The Bitcoin wallet is ideal for beginner investors looking for one of the best long-term cold wallets. It is ideal for storing your BTC without having to worry about digital attacks or physical vulnerabilities.

2. Blockstream Jade

Blockstream Jade is a cryptocurrency storage for Bitcoin but also supports Liquid Network assets (a side chain of the blockchain). This wallet is designed with a digital display and boasts a balance of security with ease of use.

👌Feature Highlights:

• Open Source: The wallet’s firmware and hardware designs are completely open source.
• Security: Jade Wallet uses multi-signature and single-signature transactions, and has isolated operations through its camera.
• The device has a 1.14-inch color screen and a click wheel for navigation, and connects via USB or Bluetooth.

✅Positives:

• Advanced security features with multi-signature support and self-destructing PIN.
• Open source software and hardware.
• Allows isolated transactions: Through the camera, you can communicate without relying on a third-party application.

❌cons:

• Limited encryption compatibility.
• Mobile App Issues: There are user complaints about bugs and usability issues, especially with Apple’s iOS.

💲price:

• The Blockstream Jade is available for a reasonable price of $64.99.

🙋Best for:

• Bitcoin investors who want access to Liquid Network assets.

3. Cool Wallet Pro

CoolWallet Pro is a card-like e-wallet like Material Bitcoin. The main difference is that CoolWallet Pro has a built-in digital display. It is portable and supports 30+ major chains and 12,000+ tokens.

👌Feature Highlights:

• Supports a wide variety of cryptocurrencies: including Bitcoin, Ethereum, Litecoin, and tokens from the ERC20, TRC20, and BEP20 standards.
• Security: Secure Element (SE) chip, two-factor authentication implemented.
• Storage and DeFi integration.

✅Positives:

• Security Features: CoolWallet Pro uses SE chip, two-factor authentication, and encrypted Bluetooth connections.
• Support multiple currencies.

❌cons:

• Weak screen: Less durable compared to Material Bitcoin as the screen can break.
• Adds an element of user responsibility when the device needs to be charged.
• Higher price point.

💲price:

• The CoolWallet Pro is priced at $149, making it the most affordable option on our list.

🙋Best for:

• Investors who want a wider range of cryptocurrencies, tokens, and storage options.

Long-Lasting Cold Wallets – Our Final Thoughts

Investing for the future means diversifying your portfolio, but we know that with so many options, it can get confusing. Cryptocurrencies versus stocks, ETFs versus bonds… which is better for long-term growth?

No matter what asset classes you invest in, when it comes to cryptocurrencies, safe investing is the way to go. Long-term cold wallets are your only option. In protecting your digital assets.

As Bitcoin continues to grow and show its potential to recover, even after strong market volatility, it is an important asset to invest in your future.

common questions

What is the most secure cryptocurrency wallet available?

• For both physical and digital security, Material Bitcoin is your best option. Since it is completely offline and has no electronic components, it is virtually unhackable. Ideal for long-term Bitcoin investments.

Where is the best place to store cryptocurrencies long term?

• Cold wallets, especially physical wallets, are the best place to store cryptocurrencies for the long term. Cold wallets provide a high level of security by keeping private keys offline.

What is the best long term cryptocurrency to hold?

• Bitcoin is considered the best long-term cryptocurrency to hold due to its stable market presence, security, and global adoption.

How to hold cryptocurrency for the long term?

• To store your cryptocurrencies long term, choose a cold wallet, with a reliable backup and seed phrase recovery option. And always remember to keep your private keys safe and offline.