"The defining narrative of “not your keys, not your Bitcoin” prevails amongst the broader Bitcoin community as one of its core tenets. As cryptocurrency pioneer Nick Szabo articulated very clearly: “trusted third parties are security holes”.
When it comes to storing your Bitcoins in a non-custodial and secure manner, hardware storage wallets are the gold standard. These Bitcoin Wallets convey assurances against emerging online security threats and enable sovereign control of your private keys in combination with useful features.
Cold storage wallets are typically encrypted devices that store users’ Bitcoins offline, providing a layer of security against the evolving threats emerging from being connected to the Internet. Additionally, cold storage wallets use multiple layers of protection like seed phrases, passwords, PINs, and can even be joined to multi-signature key management services.
The market for hardware wallets has become saturated over the last few years with low-quality and replica devices masquerading as secure devices. With fraud and security threats endemic in the cryptocurrency sphere, evaluating what to look out for in a hardware wallet is a prudent measure for protecting your beloved Bitcoins."
Read more of this article here to understand what sets the Ledger apart from the rest.