Best Bitcoin Hardware Wallets for Multisig: Coldcard, Trezor & Ledger

Choosing the right hardware wallet is one of the most important decisions you'll make when setting up a Bitcoin multisig vault. Evoke Vault works with the three most trusted hardware wallets in the Bitcoin ecosystem — here's how they compare.

Coldcard is a Bitcoin-only hardware wallet with air-gapped signing. Widely regarded as the gold standard for security-conscious Bitcoiners, Coldcard is the preferred choice for users who prioritise security over convenience.

  • Strengths: Air-gapped signing via SD card, Bitcoin-only (no altcoin attack surface), open-source firmware, anti-phishing secure element
  • Considerations: Steeper learning curve, no screen touch support on the base model
  • Best for: Users with larger Bitcoin holdings or those wanting maximum security

Trezor is a well-established open-source hardware wallet that's been in the market since 2014. It supports Bitcoin and other assets, with an intuitive interface.

  • Strengths: Open-source hardware and software, strong community support, beginner-friendly
  • Considerations: Not Bitcoin-only; some models lack a secure element chip
  • Best for: First-time hardware wallet users and those who value open-source transparency

Ledger

Ledger is one of the most popular hardware wallets globally, with a secure element chip and wide asset support.

  • Strengths: Polished mobile app, secure element, wide device availability
  • Considerations: Closed-source firmware (partially), 2020 customer database breach raised privacy concerns
  • Best for: Users already familiar with the Ledger ecosystem

Which should you choose?

For Evoke Vault's 2-of-3 multisig, we recommend using two different hardware wallet brands for your two personal keys. This protects against any single-vendor vulnerability. A common setup is a Coldcard as your primary key and a Trezor as your secondary key.

Don't have a hardware wallet yet? You can use your second key via the Evoke app while you source a physical device. However, for maximum security, we strongly recommend using two separate hardware wallets in different locations.

Ready to get started? Read our guide to setting up your 2-of-3 multisig vault.

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