All Share (J203) = 88 717
Rand / Dollar = 18.36
Rand / Pound = 23.11
Rand / Euro = 19.27
Gold (usd/oz) = 2 880.76
Platinum (usd/oz) = 999.60
Brent (usd/barrel) = 74.74
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

6 Best Cold Storage Cryptocurrency Wallets for South Africans

Best Cold Storage Cryptocurrency Wallets Banner

 

We have identified the 6 Best Cold Storage Cryptocurrency Wallets after exploring and testing several prominent brokers.

 

In this in-depth guide, you’ll learn:

  • The Best Cold Storage Crypto Wallets for Beginners.
  • What are Cold Storage Cryptocurrency Wallets?
  • Best Cold Storage Cryptocurrency Wallets for Professionals.
  • Pros and cons of each broker.
  • Popular FAQs about the best Cold Storage Cryptocurrency Wallets.

 

And lots more…

Let’s dive right in…

 

Best Cold Storage Cryptocurrency Wallets

➕Wallet🔑Key Features🔖Type🪙Supported Cryptocurrencies
🏅Ledger Nano S PlusHardware WalletSupports 5,500+ cryptocurrencies
USB connectivity
High security with a secure chip
5,500+
🥉Trezor Model THardware WalletTouchscreen interface
Supports over 1,600 coins
Strong security features
1,600+
🥇Ledger Nano XHardware WalletBluetooth connectivity
Supports 5,500+ cryptocurrencies
Portable and user-friendly
5,500+
🥉Ellipal TitanHardware WalletAir-gapped security (no internet connection)
QR code scanning for transactions
Supports multiple cryptocurrencies
Multiple
🥈CoolWallet ProHardware WalletMobile-friendly with Bluetooth
Supports 14,000+ tokens
Easy-to-use interface
14,000+
🥇BitBox02Hardware WalletOpen-source and secure
Supports Bitcoin and Ethereum
MicroSD backup option
Bitcoin, Ethereum, others

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

6 Best Cold Storage Cryptocurrency Wallets

Revealed

  1. ☑️Ledger Nano S PlusProvide security to your cryptos and NFTs.
  2. ☑️Trezor Model T – Securely store access to your coins and tokens.
  3. ☑️Ledger Nano X – Best securely managing cryptocurrencies.
  4. ☑️Ellipal Titan – Best crypto hardware wallets.
  5. ☑️CoolWallet Pro – Elite cold storage protection
  6. ☑️BitBox02 – Dual chip design with a secure chip.

 

1. Ledger Nano S Plus

Ledger Nano S Plus Best Cold Storage Cryptocurrency Wallets

 

The Ledger Nano S Plus is a cost-effective yet highly safe hardware wallet designed to cater to over 5,500 cryptocurrencies.

Its strong security measures include a secure chip, a PIN lock, and a backup procedure using a 24-word recovery phrase. The wallet has a USB connection, thus allowing use with desktops and mobile phones. However, it does not support Bluetooth, limiting its capability for wireless use.

There is no hype about the device’s touch ability apart from the fact that it makes it easy for users to use a variety of coins without compromising on security and, more importantly, at an affordable price.

However, its small internal memory and screen size may not be welcomed by some users. The wallet has a USB connection and works with most software wallets, so it can easily blend into the current setup.

Although it does not have Bluetooth functionality, the Nano S Plus is still a great bet for any user looking for a safe and affordable cold storage option.

 

Featured

🔖Feature🔍Details
💻TypeHardware Wallet
🪙Supported CryptocurrenciesOver 5,500 coins and tokens
⚙️ConnectivityUSB
🔖SecuritySecure chip,
PIN protection,
and recovery phrase
📲Mobile SupportYes (via USB connection)
📏PriceR1,500 - R2,000
📲Backup and Recovery24-word recovery phrase
📍Special FeaturesHigh compatibility with most software wallets

 

Pros and Cons

✅Pros❌Cons
Supports over 5,500 cryptocurrenciesLacks Bluetooth connectivity,
limiting mobile use
Affordable price rangeSmaller screen compared to other hardware wallets
High security with secure chip and PIN protectionLimited internal storage for apps
USB connectivity, compatible with desktop and mobileNo touchscreen,
which can make navigation slower

 

Our Findings

The Ledger Nano S Plus is an inexpensive and strong hardware wallet that supports more than 5,500 cryptocurrencies. Its protected chip and PIN code ensure that your assets are completely secured.

 

2. Trezor Model T

Trezor Model T Best Cold Storage Cryptocurrency Wallets

 

Trezor Model T was first released in 2014,. It was developed by SatoshiLabs, one of the leading brands in the world for cryptocurrency hardware wallets. Its Trezor brand is one of the oldest and most reliable in the industry.

The Trezor Model T has the same features as the Trezor One model. Still, it offers additional support for app exchanges and new crypto assets such as Cardano, Monero, XRP, etc.

Trezor Model T features a responsible, colorful touchscreen that gives the device a finished and premium feel. Users can enter their PIN code and passphrase on the device without much hassle.

Crypto traders and investors who want maximum funds security will not go wrong with this device.

Trezor’s closest competitor is Ledger Nano, and while Ledger Nano X is much cheaper, Trezor offers a few additional options that Ledger Nano has yet to incorporate into its devices. Trezor One is also cheaper, but it has fewer features than Model T.

The Model T can handle multiple cryptocurrencies with great ease, and users have the option to seamlessly switch to Bitcoin-only firmware. The device has additional and exclusive maximum security features, including Shamir Backup, which allows the user to create 16 shares that they can use when they recover their wallet.

In addition, South Africans can use in-wallet exchanges to buy crypto using fiat currency or convert their crypto for others.

Trezor currently only works with Windows, macOS, Linux, and Android, with iOS support still in development. The proprietary mobile app for Model T is intuitive, and users can easily set up and use two-factor authentication through the Universal Second Factor (U2F) standard.

 

Featured

🔖Feature🔍Details
💻TypeHardware Wallet
🪙Supported CryptocurrenciesOver 1,600 coins and tokens
⚙️ConnectivityUSB-C
🔖SecuritySecure chip, PIN protection, passphrase support
📲Mobile SupportYes (via USB connection)
📏PriceR3,000 - R4,500
📲Backup and Recovery12 to 24-word recovery phrase
📍Special FeaturesTouchscreen, open-source software

 

Pros and Cons

✅Pros❌Cons
Cold wallet with an open-source codeIt is not the most affordable option among its peers
The device has a color touchscreenIt only offers mobile support to Android users
It is one of the most user-friendly options for South Africans
It supports more than 1,600 crypto assets

 

Our Findings

The Trezor Model T is a cold storage wallet that boasts a high level of security while being user-friendly. It supports more than 1,600 cryptocurrencies.

 

3. Ledger Nano X

Ledger Nano X Best Cold Storage Cryptocurrency Wallets

 

Ledger Nano X was released in 2019. It is an upgrade to the widely successful Ledger Nano S. The overall idea behind Ledger Nano is to provide South African users with an easy way to secure their Bitcoin and several other altcoins offline.

Ledger Nano uses a “secure element,” which helps make the device immune to physical attacks. It also protects the user’s private keys from any malware on the device to which the wallet is connected.

 

Ledger Nano X supports a wide range of alternative coins, ERC-20 tokens, including but not limited to:

 

The process of adding new coins to Ledger Nano is straightforward. Users can access their “Manager,” where they can install the coin onto their Ledger Nano device to add a compatible wallet.

Nano X was specifically designed for iOS devices, while the previous version, Nano S, was designed to work only with desktop computers and Android mobile wallets.

Nano X offers a larger display with higher resolution and is a sturdier and more durable device. Ledger Live is the proprietary wallet interface software for desktop and mobile wallets.

This software wallet capability makes it easy for users to connect to their Nano X and use their wallet via Bluetooth without inserting the device into a computer or smartphone.

When using Ledger Live, there is no anonymity because users broadcast transactions using Ledger’s corporate nodes. While no names are tied to the accounts, advanced users are urged to ensure that they use a wallet user interface with a full node that they run themselves.

 

Featured

🔖Feature🔍Details
💻TypeHardware Wallet
🪙Supported CryptocurrenciesOver 5,500 coins and tokens
⚙️ConnectivityBluetooth and USB
🔖SecuritySecure chip, PIN protection, recovery phrase
📲Mobile SupportYes (via USB connection)
📏PriceR2,500 - R3,500
📲Backup and Recovery24-word recovery phrase
📍Special FeaturesWireless functionality, long battery life

 

Pros and Cons

✅Pros❌Cons
Ledger Nano can be used easily with a smartphone or tablet via BluetoothThe Bluetooth connection causes some security concerns
Ledger Nano is portable and contains a built-in battery
Ledger Nano supports most major blockchains
User-friendly with a high level of security

 

Our Findings

The Ledger Nano X is a premium cold storage wallet with advanced features, including Bluetooth connectivity for mobile use and support for over 5,500 cryptocurrencies.

 

4. Ellipal Titan

Ellipal Titan

 

Featured

🔖Feature🔍Details
💻TypeHardware Wallet
🪙Supported CryptocurrenciesMultiple cryptocurrencies
⚙️ConnectivityQR code scanning (no internet or Bluetooth connection)
🔖SecurityAir-gapped,
fully isolated from online access
📲Mobile SupportYes (via QR code)
📏PriceR2,500 - R3,500
📲Backup and Recovery12 to 24-word recovery phrase
📍Special FeaturesExtremely secure air-gapped system

 

Pros and Cons

✅Pros❌Cons
Fully air-gappedHigher price range compared to other wallets
Supports multiple cryptocurrenciesLimited support for some niche cryptocurrencies
QR code scanning for transactionsLarger and bulkier than other hardware wallets
Extremely secure, isolated from online threatsNo Bluetooth or USB connectivity

 

Our Findings

Our findings on the Ellipal Titan reveal it as one of the most secure cold storage wallets available. This is thanks to its air-gapped design, which fully isolates the device from any network connectivity.

 

5. CoolWallet Pro

CoolWallet Pro

 

CoolWallet Pro is a proven, secure, and trusted cold wallet for South African traders. It is portable and lightweight and has bank-grade security features.

The CoolWallet Pro is the latest hardware wallet that provides users with full control of their digital assets. It allows users to send, receive, and track their funds with ease.

CoolWallet Pro is compatible with all iOS and Android devices. It is the size of a credit card, which means that it can be stored securely without hassle.

 

Some key features of the device are as follows:

  • It has an encrypted Bluetooth connection to Android and iOS devices
  • It allows cryptocurrency users to purchase digital assets directly by connecting to the Binance crypto exchange
  • Allows cryptocurrency users to stake different cryptocurrencies to earn rewards
  • It is the size of a credit card with a durable, flexible build
  • It is a multi-currency wallet that can be used for a wide range of cryptocurrencies and ERC-20 tokens

 

CoolWallet Pro was launched in 2025 and developed by CoolBitX, the creator of the renowned CoolWallet S, which saw sales of over 200,000 globally.

The device’s battery life is two to three weeks. It is priced at $149 (2,350 ZAR), making it less affordable than other wallets such as the Ledger Nano S.

 

Featured

🔖Feature🔍Details
💻TypeHardware Wallet
🪙Supported CryptocurrenciesOver 14,000 coins and tokens
⚙️ConnectivityBluetooth
🔖SecurityEncrypted Bluetooth, 2FA, PIN protection
📲Mobile SupportYes (via Bluetooth)
📏PriceR2,500 - R3,000
📲Backup and Recovery12 to 24-word recovery phrase
📍Special FeaturesSlim card-like design, mobile-friendly

 

Pros and Cons

✅Pros❌Cons
It is compatible with most Bluetooth devicesIt is expensive
It is one of the most compact hardware wallets on the marketLimited support for some niche cryptocurrencies
QR code scanning for transactionsThere is no USB connection and a Bluetooth connection could pose threats
CoolWallet Pro is heat-resistant and waterproof and it can bend 15 degrees

 

Our Findings

Our findings on the CoolWallet Pro indicate that it is an excellent option for cryptocurrency enthusiasts seeking a secure yet portable cold storage solution. It supports over 14,000 coins and tokens.

 

6. BitBox02

BitBox02 Best Cold Storage Cryptocurrency Wallets

 

Featured

🔖Feature🔍Details
💻TypeHardware Wallet
🪙Supported CryptocurrenciesBitcoin, Ethereum, and others
⚙️ConnectivityUSB-C
🔖SecuritySecure chip, open-source firmware, 2FA
📲Mobile SupportYes (via USB connection)
📏PriceR1,500 - R2,500
📲Backup and RecoveryMicroSD card backup option
📍Special FeaturesSimple interface, open-source software

 

Pros and Cons

✅Pros❌Cons
Open-source firmware for transparencyLimited cryptocurrency support
Secure chip with 2FA protectionNo Bluetooth support
Easy-to-use interfaceSmaller screen compared to some competitors
MicroSD card backup for added recovery securityLess beginner-friendly than some wallets

 

Our Findings

Our findings on the BitBox02 cold storage wallet highlight its strengths as a secure and user-friendly option for cryptocurrency storage.

 

Cold Wallets versus Hot Wallets

A hot wallet typically refers to a digital wallet that is mobile or desktop-based and requires a constant and stable Internet connection to function. It is online, and while it offers a quick and convenient transfer of funds, there are great risks involved.

This is why South African investors are urged to store only a small amount of cryptocurrency in a hot wallet and keep most funds in a hardware wallet.

These online wallets are the constant point of attack for hackers, which can lead to loss of funds.

Cold wallets are offline storage and typically refer to a physical hardware wallet that resembles a small USB device where cryptocurrencies can be stored. They are portable and have many features and maximum security options.

 

Conclusion

the Best Cold Storage Cryptocurrency Wallets: choosing the best cold storage cryptocurrency wallet depends on your security needs, the range of supported cryptocurrencies, and ease of use.

 

You might also like: Best Cryptocurrency Analysis Tools in South Africa

You might also like: Best Cryptocurrency Wallets in South Africa

You might also like: Best Cryptocurrency Exchanges in South Africa

You might also like: Best Forex Brokers in South Africa 2025

You might also like: Best FREE Forex Trading Apps October 2025

 

SA Shares Instagram

 

Frequently Asked Questions

 

What is the difference between a hot wallet and a cold wallet?

A hot wallet is an online storage device that requires a constant Internet connection to function. A cold wallet is an offline storage device that does not need an Internet connection. Cold wallets are the most secure wallet options on the market today.

 

What happens if my hardware wallet company goes out of business?

You can use your hardware unless all support for the wallet is withdrawn. In most cases, if the wallet provider goes out of business, you will be forced to run your node to use the wallet.

 

Why should I buy a hardware wallet for my crypto?

It is the safest option because it features more security measures and options. Your private and public keys are not kept on a server where they can be accessed, but they are stored offline behind several security measures, making it impossible to access coins or your keys.

 

Why should I get a hardware wallet with a screen?

Screens provide additional security because you can verify important wallet details.

 

Are all crypto hardware wallets the same?

No, each hardware wallet has a different design and features that set them apart.

 

Do you need a crypto cold wallet?

A cold wallet would be a better choice if you’re looking for long-term storage and higher security.

 

What happens if you lose your cold storage wallet?

If you lose your cold wallet, you can still use a recovery phrase to access your keys.

 

There are no reviews yet. Be the first one to write one.


4/5 - (1 vote)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

October 14, 2024

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

Accordion Content

🏆 Top 4 Brokers

Account Minimum

$100

Pairs Offered

55+

Account Minimum

$1

Pairs Offered

240+

Account Minimum

$100

Pairs Offered

70+

Account Minimum

$0

Pairs Offered

50+

AvaTrade-Logo

Account Minimum

$15

Exclusive to SAShares Clients

Account Minimum

$1

Account Minimum

$100

Account Minimum

$0