Overview

As the popularity of cryptocurrencies continues to rise, so does the importance of securing them. 

Hardware wallets have become essential for crypto investors who want to store their assets securely. Two of the most popular hardware wallets on the market are Trezor and Ledger. 

Our Trezor VS Ledger report will compare the two and highlight their features and benefits, helping you decide which one to choose.

Importance Of Hardware Wallets

With cryptocurrencies, the user is the sole custodian of their funds. Therefore, the responsibility of securing these funds lies with the individual. 

One of the most secure ways to do this is using hardware wallets (as opposed to software wallets which are applications installed on computer devices and considered less safe). 

Hardware wallets are devices specifically designed to store cryptocurrencies offline, away from any potential threats such as malware or hacking attempts. 

Keeping your private keys on a hardware wallet ensures that your funds are as secure as possible.

What Is Trezor Wallet?

Trezor, a well-known manufacturer of hardware wallets, is highly regarded for its emphasis on security and privacy. This company offers two primary wallet models: the Trezor Model One and the Trezor Model T.

Trezor Model One Review

The Trezor Model One is the original hardware wallet from Trezor. It is a small device with a monochrome display and a pair of physical buttons. 

Trezor Model One supported coins include a broad range of cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and more. 

(Trezor One natively supports 12 cryptocurrencies and over a thousand (1,289) more using third-party apps.)

It also has several advanced capabilities, such as multi-signature transactions, passphrase protection, and two-factor authentication. 

It is fully supported by the Trezor Suite app and is considered the most popular Bitcoin wallet choice since it falls within the lower Trezor wallet price range.

Trezor Model One Options:

• Trezor Model One black
• Trezor Model One white

Trezor Model One Price:

S69.00

Nevertheless, this Trezor wallet lacks certain advanced features present in the newer Trezor T Model.

Trezor Model T Review

The Trezor Model T is the company’s second-generation hardware wallet. It boasts a color touchscreen display and a more robust processor than the Trezor Model One. 

The Trezor Model T supports 1,456 cryptocurrencies and includes advanced security features such as Shamir Backup, which lets users restore their wallet using a set of recovery keys. 

This Trezor wallet login also involves connecting to the Trezor Suite app. Both Trezors use a 12-word seed phrase.

The Model T comes with a microSD card slot, which can be used to store encrypted data. However, the Trezor Model T wallet is more expensive than the Trezor Model One.

Trezor Model T Price:

S219.00

Ultimately, selecting the right Trezor wallet will depend on each user’s requirements and budget.

All in all, both Trezor wallets are excellent options for anyone looking for a secure and trustworthy hardware wallet to keep their cryptocurrencies safe.

Here’s a table comparing the features of the Trezor Model T and Trezor Model One:

Read ahead. Below we compare side by side Trezor Model T VS Ledger Nano X – the most talked about cold storage crypto wallets on Trezor VS Ledger Reddit subforums.

What Is Ledger Wallet?

Currently, crypto enthusiasts have two options when it comes to Ledger’s hardware wallets: Ledger Nano X and Ledger Nano S Plus (Ledger Stax coming later this year). These little guys are built to protect your digital assets from malicious actors.

Ledger Nano X VS S Plus

The Nano X and Nano S Plus differ in a few key ways. 

First, Ledger Nano X has a built-in battery, which means you can use it on the go without plugging it in. Plus, the Nano X is slightly larger and heavier than its sibling.

Meanwhile, Ledger Nano S Plus requires a direct connection to operate. 

The Nano X also has Bluetooth capabilities, allowing you to manage crypto transactions from your smartphone. Remember that Nano X has a higher price tag than the Nano S Plus, which is more wallet-friendly.

All Ledger wallets use a 24-word recovery seed phrase.

In terms of security, the Nano X and the Nano S Plus are equipped with a secure element chip that stores your private keys and requires a PIN code to access them. And with the Ledger Live app, you can manage multiple cryptocurrencies on both devices.

Whether you go with the Nano X or the Nano S Plus, you can trust that your crypto will be secure and ready to go when needed.

Ledger Nano X Price:

S149.00

Ledger Nano S Plus Price:

S79.00

Ledger Stax

The Ledger Stax is the latest innovation from Ledge. It should be available on the market in 2023. That is exciting because Tony Fadell, the mastermind behind the iPod, designed the Ledger Stax. 

Ledger Stax looks like a smartphone but is about the size of a credit card and only weighs 45 grams. But at the same time, it has a larger screen, making it easier to manage your cryptocurrency transactions, and the verification process is lightning-fast. 

Ledger Stax also has a clear signing feature, which means you can double-check every transaction before you hit “confirm” to ensure everything is accurate. Plus, it’s just as secure as Ledger’s other wallets, like the Nano X and the Nano S Plus.

Here are the detailed Ledger Stax technical specifications:

• The Ledger Stax is a credit card-sized device made of aluminum and plastic with embedded magnets for stackability. 
• It comes in black color and has a secure element chip called ST33K1M5, which is certified with CC EAL5+ for maximum security. It has a built-in rechargeable lithium-ion battery with a 200mah capacity and can stay on for several months when left unused and at full charge. 
• It supports Qi wireless charging.
• The device weighs 45.2g and has dimensions of 85mm x 54mm x 6mm. 
• It connects to a smartphone via Bluetooth 5.2 and has a USB type C port. 
• It is compatible with 64-bit desktop computers (Windows 10+, macOS 12+, Ubuntu LTS 20.04+), excluding ARM Processors and smartphones running on iOS 13+ or Android 9+. 
• It is not compatible with Chromebooks and is not suitable for mining.
• The Ledger Stax has a black and white E Ink curved touch screen with a display size of 3.7 inches and a resolution of 400×672 px. The screen type is E Ink, and it can display 16 scales of gray. 
• It supports over 500 different crypto and tokens on the Ledger Live app, including Ethereum and Polygon NFTs. When using a third-party wallet, it can support over 5000 crypto, tokens, and NFTs.
• In the box, you will find the Ledger Stax device, a USB-C to USB-C cable, a recovery sheet, and a guide on how to use the Ledger Stax.

Ledger StaxPrice:

S279.00

Trezor Model T VS Ledger Nano X

Trezor Model T and Ledger Nano X are two popular hardware wallets used to store and manage cryptocurrencies securely. Here are some key differences between the two:

• Design: The Trezor Model T has a larger touchscreen display compared to the smaller screen of the Ledger Nano X. However, the Nano X has a sleeker design (looks like a USB drive) and is more compact.
• Supported cryptocurrencies: Both wallets support a wide range of cryptocurrencies, but Ledger Nano X supports more coins than Trezor Model T (5,500 VS 1,456). 
• Security features: Both wallets offer strong security features such as PIN codes, passphrase protection, two-factor authentication, and  “password managers” that allow storing passwords and other sensitive data in an encrypted form.
• Connectivity: The Ledger Nano X has Bluetooth connectivity, allowing you to connect it to your mobile device and manage your cryptocurrencies. The Trezor Model T, on the other hand, does not have Bluetooth but can be connected to your computer or mobile device using a USB cable.
• User interface: The Trezor Model T has a user-friendly interface that is easy to navigate, whereas the Ledger Nano X interface may take some time to get used to.
• Price: The Trezor Model T is slightly more expensive than the Ledger Nano X (S219 VS $149).

Trezor Model T and Ledger Nano X are reliable hardware wallets with solid security features. 

Your choice between the two may depend on your specific needs and preferences, such as the number of cryptocurrencies you plan to store and whether Bluetooth connectivity is vital to you.

Trezor VS Ledger: Notable Features

Trezor Features

• 12-word recovery seed phrase on all wallets
• Apple, Windows, Linux, Android (coming)
• Trezor One: Lowest price of $69
• Trezor Model T: touchscreen interface, microSD card slot
• Unlimited hidden wallets
• Support for more than 1,450 coins and NFTs

Ledger Features

• 24-word recovery seed phrase on all wallets
• Compatible with Windows 10+, macOS 12+, Ubuntu LTS 20.04+, Android 9+, and iOS 13+
• Support for 50+ third-party wallets on all devices
• Ledger Nano X: Bluetooth mobile connection, built-in battery, and wireless charging
• Ledger Stax: curved E Ink touchscreen, Bluetooth mobile connection, built-in battery, and wireless charging
• Support for more than 5,500 coins and NFTs

Trezor VS Ledger: Price

Here is the price comparison table for the hardware wallets from Trezor and Ledger (with Ledger Nano S VS Trezor One being the less expensive choices):

Trezor VS Ledger: Supported Coins

When it comes to supported tokens, Ledger appears to have the edge over Trezor. All Ledger devices support a broader range of coins and tokens than either Trezor device. 

This means that if you plan to store many different cryptocurrencies and NFTs, Ledger may be your better option. 

Some of the coins and tokens that can be stored on Ledger but not on Trezor include Chainlink, Polkadot, and Solana. 

However, it’s worth noting that Trezor still supports a wide variety of popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

Also note that both wallets use third-party software applications to support thousands of cryptocurrencies, much more than they could do natively.

• Trezor supported coins: 1,456
• Ledger supported coins: 5,500

Ultimately, the choice between Trezor and Ledger will depend on your individual needs and priorities, but it’s worth researching to make an informed decision.

Trezor VS Ledger: Security

Both Trezor and Ledger offer a high level of security for your cryptocurrency, even in cases where your device is lost or damaged. 

Note: When you purchase wallets for your digital assets, always ensure you buy them from an authentic source, that the packaging was not tampered with, and that protective seals are intact. Also, always download and install genuine software directly from the companies.

Trezor Security

To ensure recovery of your wallet in any unforeseen event, users create a multi-word recovery seed for quick and easy restoration.

The Model T devices offer an exclusive feature called Shamir Backup, which revolutionizes the recovery seed’s creation, use, storage, and protection.

Accessing your wallet’s transaction ledger and history is easy through Trezor Suite.

To prevent unauthorized access to your Trezor hardware wallet, you can set a user-defined PIN up to 50 digits long. For even greater security, you can add a passphrase that must be entered each time you unlock your device.

Trezor hardware wallets use open-source designs, allowing security experts and researchers to audit every process, ensuring that the device is updated against real and theoretical threats. 

This transparency ensures that potential exploits and backdoors are exposed and eliminated, making Trezor a trustless and decentralized option, just like Bitcoin.

Even in the unlikely event that the company Trezor becomes insolvent, your coins will remain safely stored on your device.

Ledger Security

Every Ledger device utilizes an advanced Secure Element chip, combined with Ledger’s own operating system, to safeguard your cryptocurrencies and NFTs from advanced cyber attacks. 

Security measures used by Ledger include a certified Secure Element chip with a high level of certification (CC EAL5+), PIN protection, and a 24-word Secret Recovery Phrase for recovering access to assets.

Trezor VS Ledger: Apps

Trezor Suite

Trezor Suite is a cryptocurrency management app that offers a wide range of security features.

The app supports over 1472 coins and tokens, and users can easily search, compare and buy cryptocurrencies using Invity.io‘s exchange feature. 

The wallet and account management feature of Trezor Suite allows users to store and manage their cryptocurrencies securely. 

The wallet generates unique addresses for incoming transactions. It authorizes outgoing operations, while the Trezor Suite account adds an extra layer of privacy by keeping transactions from different accounts separate.

For those looking for enhanced wallet security, Trezor Suite also offers hidden wallets that use a passphrase for second-factor protection. The passphrase is not stored anywhere on the Trezor wallet and serves as an added layer of security against physical attacks on the device or recovery seed. 

Overall, Trezor Suite provides a comprehensive and secure platform for managing and using cryptocurrencies, with features designed to protect against various security threats.

Ledger Live

Ledger Live is a secure app that allows users to buy, sell, manage, and earn rewards from over 50 cryptocurrencies and NFTs. The app also provides access to 15+ Web3 apps, including 1inch, Paraswap, Lido, and Zerion. 

Ledger hardware wallets can be paired with the app to ensure added security for managing digital assets. 

Ledger Live supports over 35 coins, including Bitcoin and Ethereum, as well as DeFi services. 

Users can download the app and verify its authenticity by checking the sha512 signature.

Third-Party Apps

Third-party apps can be used with both Trezor and Ledger to enable additional features such as managing multiple cryptocurrencies, exchanging cryptocurrencies, and accessing decentralized applications. 

It’s important to note that using third-party apps can potentially compromise the security of these wallets, so caution should be exercised when using them. 

Using third-party apps properly ensures the safety of your crypto assets.

Examples of such third-party applications include:

• MetaMask
• MyEtherWallet
• Exodus

Trezor VS Ledger: Ease Of Use

In terms of ease of use, both wallets offer a relatively simple setup process for beginners and advanced users alike.

Setting up both wallets involves updating the device’s software, creating a wallet, backing up the wallet’s seed phrase, and creating a PIN for the device. 

Ledger Live offers some services for managing DeFi and NFT, but Trezor Suite doesn’t do as well in this area (you’ll need to use third-party apps). 

Ledger Live can also be used to lend, borrow, and stake a few crypto assets.

Overall, both wallets offer a relatively straightforward user experience and provide advanced security features for storing cryptocurrency.

Trezor VS Ledger MetaMask

Both, Trezor and Ledger’s wallets support MetaMask. Below is an in-depth explanation of this functionality:

What Is MetaMask?

MetaMask is a cross-chain wallet that stores various crypto assets, including Ethereum, Binance Smart Chain, Polygon, and other ERC20 blockchains. You can use it as a Chrome, Firefox, and Brave browser extension.

Essentially, MetaMask allows users to conduct Ethereum transactions on regular websites. 

Unlike a bank or a wallet on a crypto exchange, MetaMask does not seek to control your funds or transactions. You are the sole controller of your money if you secure your wallet properly and possess your private keys.

While it offers convenience and ease of use, it also poses certain risks, as anything connected to the internet is vulnerable to hacking. 

To ensure security, use a hardware wallet like Ledger Nano or Trezor to store private keys offline. This combination is considered the safest option.

Is Trezor Compatible With MetaMask?

According to the Trezor website, Trezor Suite has built-in support for 14 types of cryptocurrencies on the Trezor Model T and 12 types on the Trezor Model One, and all ERC20 tokens.

While other cryptocurrencies are also compatible with Trezor hardware wallets, they need to be managed through third-party wallet interfaces like Electrum or MetaMask.

Is Ledger Compatible With MetaMask?

The answer is Yes. The teams behind Ledger and MetaMask collaborated to integrate Ledger Nano with the MetaMask mobile app. 

By doing so, they combined the security and full control provided by Ledger with the ease and convenience of MetaMask. Following their website’s instructions, you can link your Ledger wallets with the MetaMask app using Bluetooth and import your Ledger Live accounts.

Trezor VS Ledger: FAQs

Trezor VS Ledger fees: are there any?

There are no fees associated with Trezor or Ledger. However, remember that when you transfer, buy, sell, or exchange crypto, there may be “gas fees” or third-party fees associated with transactions.

Is Ledger still the best wallet?

Many consider the Ledger best because it supports more coins (and with the new Ledger Stax coming), but it all comes down to personal preferences.

What’s more durable between Trezor and Ledger?

Ledger wins here because of the foldable steel casing, but all wallets are still susceptible to damage by water, fire, force, etc. 

Is the Trezor wallet safer than Ledger?

Theoretically, yes. Trezor has more security features.

Has Trezor ever been hacked?

There were two incidents: the 2017 phishing attack and the 2019 firmware vulnerability. All of the issues have been addressed by Trezor since then.

Has Ledger Been Hacked?

In July 2020, Ledger was allegedly hacked, resulting in customers’ personal information theft. Ledger responded quickly to the alleged hack.

Conclusion

Choosing the right hardware wallet is crucial for anyone who wants to keep their cryptocurrencies safe. 

Trezor and Ledger are two of the most reputable and reliable options on the market today. Both devices offer excellent security features, intuitive user interfaces, and compatibility with a wide range of cryptocurrencies. 

Ultimately, the choice between Trezor VS Ledger will come down to personal preferences and requirements. However, one thing is for sure: if you’re serious about securing your crypto assets, a hardware wallet is an essential investment.

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