Crypto Basics

6 Best Hardware Wallets for Safe Crypto Storage

Protect your crypto assets with the best hardware wallets of 2023. Learn about the best wallet options for safe and reliable cryptocurrency storage.
Marcus K
7 Minutes
MIN

Crypto investments have seen a meteoric rise over the years, and as more people join the blockchain revolution, the security of one's assets has become paramount.

Hardware wallets, often dubbed "cold storage", provide a secure method to keep digital assets safe from cyber threats and that’s why when it comes to securing your crypto assets, choosing the right hardware wallet is crucial.

In this post, we’ll explore the 6 best hardware wallets in 2023 for safe crypto storage, ensuring your digital investments are well-protected. 

What are Crypto Hardware Wallets?

Hardware wallets, commonly known as "cold wallets," are physical devices designed to securely store cryptocurrency private keys offline. These tools protect assets from online threats like hacks and malware since they keep private keys isolated from internet-connected devices.

To execute a transaction, users connect their hardware wallet to a device, sign the transaction offline, ensuring utmost security, and then broadcast it online. 

This method ensures the private keys remain inaccessible even if the connected device is compromised. As a result, hardware wallets are widely recognized as a top-tier security measure for crypto investors.

Things to Consider While Choosing Crypto Hardware Wallets

When selecting a crypto hardware wallet, several factors demand careful consideration. 

1. Security features are paramount; ensure the wallet provides offline storage and employs advanced cryptographic techniques. 

2. Evaluate its build quality—a sturdy construction can prevent physical tampering. User experience is crucial; the interface should be intuitive, with clear instructions and prompts. 

3. Consider the range of supported cryptocurrencies—a broad spectrum can future-proof your investment. 

4. Look into any associated software; it should offer seamless integration and regular updates. 

5. Lastly, community reviews and feedback can offer real-world insights into the device's reliability and performance. By balancing these factors, users can confidently choose a wallet tailored to their needs.

List of Top Hardware Wallets in 2023

As we navigate through 2023, an array of hardware wallets have emerged, each promising cutting-edge security and user-friendly interfaces. 

These compact devices have become the bulwark against cyber threats, ensuring that one's digital treasure remains impervious to vulnerabilities. 

But with an overwhelming number of options available, how does one discern the best from the rest? 

Here's a curated list of top hardware wallets this year, offering a blend of robust security measures, extensive cryptocurrency support, and seamless user experience, designed to cater to both novices and seasoned crypto enthusiasts.

1. Ledger Nano X

The Ledger Nano X is a widely recognized and respected hardware wallet. It offers robust security features and supports over a thousand cryptocurrencies, providing not just safety but also versatility.

Key Features:

  • Bluetooth functionality for easy connection to smartphone or computer.
  • Compact and portable design.
  • Backed up by a 24-word recovery phrase.

Why it stands out:

With its user-friendly interface and advanced security features, Ledger Nano X continues to be a popular choice for crypto enthusiasts.

Cost: $149 for Nano X (Check Latest Offers).

Cryptocurrencies supported: More than 5,500.

2. Trezor Model T

Trezor Model T is another top contender in the world of hardware wallets. It features a touchscreen interface and supports a broad range of cryptocurrencies.

Key Features:

  • Touchscreen interface for easier use.
  • Pin code and recovery seed for added security.
  • Open-source software.

Why it stands out:

Trezor Model T's open-source software and extensive crypto support make it an excellent choice for those wanting additional security and functionality.

Cost: $213 for Model T (Check Latest Offers).

Cryptocurrencies supported: More than 1,000.

3. Coldcard Wallet

Coldcard Wallet is a Bitcoin-only wallet known for its high-level security features, making it an ideal choice for Bitcoin investors.

Key Features:

  • Bitcoin-only wallet for dedicated investors.
  • Secure element for keeping private keys safe.
  • PIN and anti-phishing features.

Why it stands out:

If you are a dedicated Bitcoin investor, Coldcard’s Bitcoin-only focus and robust security features make it a top pick.

Cost: $157.94

Cryptocurrencies supported: Bitcoin-only wallet

4. KeepKey

KeepKey offers a straightforward user experience with essential security features, making it suitable for beginners in crypto investment.

Key Features:

  • Large screen for easy operation.
  • Simple interface, ideal for beginners.
  • Backup and recovery options.

Why it stands out:

KeepKey's simplicity and essential security features make it an ideal choice for those new to cryptocurrency.

Cost: $130.

Cryptocurrencies supported: More than 7,000.

5. SafePal S1

SafePal S1 combines affordability with security, making it a desirable choice for budget-conscious crypto investors.

Key Features:

  • Affordable without compromising security.
  • Mobile compatibility for easy transactions.
  • Multi-currency support.

Why it stands out:

For budget-conscious investors, SafePal S1 offers an affordable yet secure option for storing crypto.

Cost: $49.99 for basic hardware.

Cryptocurrencies supported: More than 30,000.

6. BitBox02

BitBox02 is a modern and streamlined hardware wallet offering high-quality security and ease of use.

Key Features:

Touch and OLED screen for easy navigation.

USB-C and A compatible.

Backup on microSD card.

Why it stands out:

BitBox02 offers modern features and a streamlined user experience for those wanting an up-to-date hardware wallet.

Cost: $149.

Cryptocurrencies supported: Around 1500.

Frequently Asked Questions

Q1. What's the difference between a hardware wallet and a software wallet?

A hardware wallet is a physical device that securely stores a user's private keys offline, while a software wallet is a digital application on a computer or smartphone that keeps keys typically online or in the device's memory.

Q2. How often should I update my hardware wallet's firmware?

Regularly updating the firmware ensures you benefit from the latest security patches and features. Always follow the manufacturer's recommendations and ensure updates come from official sources.

Q3. Can I store multiple cryptocurrencies on a single hardware wallet?

Yes, most modern hardware wallets support multiple cryptocurrencies. However, it's essential to check the supported coins list for your specific device model.

Q4. What happens if I lose my hardware wallet or it gets damaged?

If you've kept a backup of your recovery seed—a series of words given during the initial setup—you can restore your funds on a new device. Always store your recovery seed securely and offline.

Q5. Is it safe to buy a used hardware wallet?

It's generally recommended to purchase hardware wallets new and directly from the manufacturer or trusted retailers to prevent potential tampering.

Q6. How does a hardware wallet interface with blockchain networks if it's offline?

The wallet itself only signs transactions offline. To broadcast the transaction to the network, the signed transaction is sent through a connected device, ensuring private keys remain offline.

Q7. Are hardware wallets resistant to physical attacks?

Many modern hardware wallets come with tamper-proof features. However, physical security is always crucial. Ensure you store your device in a safe place, and always be wary of potential tampering if left unattended.

Q8. Can I use my hardware wallet with popular software wallets or exchanges?

Most renowned hardware wallets integrate with popular software wallets and exchange platforms, allowing users a seamless experience. Always check compatibility lists before making a purchase.

Conclusion

In 2023, these eight hardware wallets stand out for their unique features, security, and ease of use. Remember to consider your specific needs and requirements when choosing a hardware wallet for your crypto assets. 

With the options listed above, you can ensure the safety and security of your investments, keeping your crypto assets protected against unauthorized access and potential threats.

Remember, while technology provides tools for security, the best protection is always awareness and education. Ensure you're up-to-date with best practices and always double-check transactions and addresses. Your crypto assets are valuable, and they deserve the highest level of care and protection. 

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such.

Token Metrics does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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FastAPI has emerged as a go-to framework for building fast, scalable, and developer-friendly APIs in Python. Whether you are prototyping a machine learning inference endpoint, building internal microservices, or exposing realtime data to clients, understanding FastAPI’s design principles and best practices can save development time and operational costs. This guide walks through the technology fundamentals, pragmatic design patterns, deployment considerations, and how to integrate modern AI tools safely and efficiently.

Overview: What Makes FastAPI Fast?

FastAPI is built on Starlette for the web parts and Pydantic for data validation. It leverages Python’s async/await syntax and ASGI (Asynchronous Server Gateway Interface) to handle high concurrency with non-blocking I/O. Key features that contribute to its performance profile include:

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In practice, correctly using async patterns and avoiding blocking calls (e.g., heavy CPU-bound tasks or synchronous DB drivers) is critical to achieve the theoretical throughput FastAPI promises.

Design Patterns & Best Practices

Adopt these patterns to keep your FastAPI codebase maintainable and performant:

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Performance Tuning and Monitoring

Beyond using async endpoints, real-world performance tuning focuses on observability and identifying bottlenecks:

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FastAPI often outperforms traditional WSGI frameworks like Flask or Django for I/O-bound workloads because it leverages ASGI and async endpoints. Benchmarks depend heavily on endpoint logic, database drivers, and deployment configuration. For CPU-bound tasks, raw Python performance is similar; offload heavy computation to workers.

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FAQ: How do I handle background tasks and long-running jobs?

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FastAPI is a good fit for serving model inference because it can handle concurrent requests and easily serialize inputs and outputs. For heavy inference workloads, serve models with dedicated inference servers (TorchServe, TensorFlow Serving) or containerized model endpoints and use FastAPI as a thin orchestration layer. Implement batching, request timeouts, and model versioning to manage performance and reliability.

Disclaimer

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Overview: What makes FastAPI distinct?

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Async model and performance considerations

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Design patterns: validation, schemas, and dependency injection

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Integration with AI services and external APIs

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Deployment, scaling, and observability

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What is the difference between FastAPI and Flask?

FastAPI is built for the async ASGI ecosystem and emphasizes type-driven validation and automatic OpenAPI documentation. Flask is a synchronous WSGI framework that is lightweight and flexible but requires more manual setup for async support, validation, and schema generation. Choose based on concurrency needs, existing ecosystem, and developer preference.

When should I use async endpoints in FastAPI?

Use async endpoints when your handler performs non-blocking I/O such as database queries with async drivers, external HTTP requests, or calls to async message brokers. For CPU-heavy tasks, prefer background workers or separate services to avoid blocking the event loop.

How do Pydantic models help with API reliability?

Pydantic enforces input types and constraints at the boundary of your application, reducing runtime errors and making APIs self-documenting. It also provides clear error messages, supports complex nested structures, and integrates tightly with FastAPI’s automatic documentation.

What are common deployment pitfalls for FastAPI?

Common issues include running blocking code in async endpoints, inadequate connection pooling, missing rate limiting, and insufficient observability. Ensure proper worker/process models, async drivers, and graceful shutdown handling when deploying to production.

How can I test FastAPI applications effectively?

Use FastAPI’s TestClient (based on Starlette’s testing utilities) for endpoint tests and pytest for unit and integration tests. Mock external services and use testing databases or fixtures for repeatable test runs. Also include load testing to validate performance under expected concurrency.

Is FastAPI suitable for production-grade microservices?

Yes. When combined with proper patterns—type-driven design, async-safe libraries, containerization, observability, and scalable deployment—FastAPI is well-suited for production microservices focused on I/O-bound workloads and integrations with AI or external APIs.

Disclaimer

This article is for educational and informational purposes only. It does not constitute professional, legal, or investment advice. Evaluate tools and architectures according to your organization’s requirements and consult qualified professionals when needed.

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Free APIs unlock data and functionality for rapid prototyping, research, and lightweight production use. Whether you’re building an AI agent, visualizing on-chain metrics, or ingesting market snapshots, understanding how to evaluate and integrate a free API is essential to building reliable systems without hidden costs.

What a "Free API" Really Means

Not all "free" APIs are created equal. The term generally refers to services that allow access to endpoints without an upfront fee, but differences appear across rate limits, data freshness, feature scope, and licensing. A clear framework for assessment is: access model, usage limits, data latency, security, and terms of service.

  • Access model: API key, OAuth, or anonymous endpoints determine how you authenticate and control usage.
  • Usage limits: Calls per minute/day, concurrency limits, and burst policies affect feasibility for real-time applications.
  • Data latency and granularity: Historical snapshots versus streaming updates change how you design ingestion and caching.
  • Licensing and redistribution: Check whether you can store, display, or redistribute data; free tiers often restrict commercial redistribution.
  • Support and SLA: Free tiers rarely carry guarantees—plan for graceful degradation and rate-limit handling.

How to Evaluate Free APIs: A Practical Checklist

Use a methodical approach to compare options. Below is a pragmatic checklist that helps prioritize trade-offs between cost and capability.

  1. Define requirements: identify throughput, freshness, and fields required. A small set of critical fields reduces bandwidth and simplifies caching.
  2. Measure performance: run latency and error-rate tests from your target regions. Free endpoints can be geo-constrained.
  3. Examine rate limits: build sample load tests to confirm call quotas and how the provider enforces throttling.
  4. Check data provenance: verify how data is sourced and updated; for derived metrics, inspect calculation methods and versioning.
  5. Review terms: confirm allowed use cases, retention rights, and attribution requirements.
  6. Plan fallbacks: design multi-source strategies and caching layers to mitigate outages or caps.

For crypto-specific datasets, platforms such as Token Metrics illustrate how integrated analytics and API endpoints can complement raw data feeds by adding model-driven signals and normalized asset metadata.

Integration Patterns and Best Practices

Free APIs are most effective when integrated with resilient patterns. Below are recommended practices for teams and solo developers alike.

  • Client-side throttling: implement token buckets or leaky buckets to smooth bursts and reduce 429 errors.
  • Edge caching: cache responses at the CDN or application edge, with TTLs determined by acceptable staleness.
  • Incremental syncs: prefer delta queries where supported to limit payload sizes and conserve rate limits.
  • Graceful degradation: show cached or approximate data when the API is unavailable to preserve UX continuity.
  • Monitoring & observability: track request counts, error rates, and latency; alert on policy limit warnings rather than only on failures.
  • Security: never embed API keys in public repositories; use vaults or server-side proxies for authentication.

Use Cases and Scenario Analysis

Understanding where a free API fits in your architecture depends on the scenario. Consider three common patterns:

  1. Rapid prototyping: Free API tiers let teams validate hypotheses quickly. Favor simplicity and low setup friction here; strict rate limits are acceptable for early tests.
  2. Research and backtesting: Historical endpoints with bulk download capabilities are valuable. For reproducible experiments, verify dataset completeness and snapshot timestamps.
  3. Light production workloads: Small applications can rely on free tiers if architects combine caching, retry strategies, and multi-source redundancy to manage availability risks.

When working with AI agents or automated analytics, instrument data flows and label data quality explicitly. AI-driven research tools can accelerate dataset discovery and normalization, but you should always audit automated outputs and maintain provenance records.

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FAQ: Common Questions About Free APIs

What limits should I expect on a free API?

Limits vary by provider but often include reduced daily/monthly call quotas, limited concurrency, and delayed data freshness. Review the provider’s rate-limit policy and test in your deployment region.

Can I use free APIs in production?

Yes for low-volume or non-critical paths, provided you incorporate caching, retries, and fallback logic. For mission-critical systems, evaluate paid tiers for SLAs and enhanced support.

How do I secure API keys for free tiers?

Store keys in environment-specific vaults, avoid client-side exposure, and rotate keys periodically. Use proxy layers to inject keys server-side when integrating client apps.

Are free APIs reliable for historical data needs?

Some free APIs provide robust historical endpoints, but completeness and retention policies differ. Validate by sampling known events and comparing across providers before depending on the dataset.

How can AI tools help when using free APIs?

AI tools can assist with data cleaning, anomaly detection, and feature extraction, making it easier to derive insight from limited free data. Always verify model outputs and maintain traceability to source calls.

What should I monitor after integrating a free API?

Track request volume, error rates (429/5xx), latency, and data staleness metrics. Set alerts for approaching throughput caps and automate graceful fallbacks to preserve user experience.

Is it legal to store and redistribute data from a free API?

Legal permissions depend on the provider’s terms. Some allow caching for display but prohibit redistribution or commercial resale. Always consult the API’s terms of service before storing or sharing data.

How do I plan for scale from a free tier?

Design with decoupled ingestion, caching, and multi-source redundancy so you can swap to paid tiers or alternative providers without significant refactoring.

Can multiple free APIs be combined?

Yes. Combining multiple sources improves resilience and data quality, but requires normalization, reconciliation logic, and latency-aware merging rules.

Disclaimer

This article is educational and informational only. It does not constitute financial, legal, or investment advice. Evaluate services and make decisions based on your own research and compliance requirements.

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