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Read MorePhysical wallets are also more expensive as most hot wallets are free. Many crypto users are hesitant about using a wallet that does not use the typical BIP39 recovery phrase method. Cryptocurrency wallets are an essential part of the crypto ecosystem. Best for beginners. The key takeaway when comparing a crypto hard wallet vs soft wallet is that hardware wallets have no remote attack surfaces as they are not connected to the internet, making them more secure. Trezor is widely considered the safest crypto wallet on the market. Coinbase, which went public in April , is the best known cryptocurrency exchange in the US.