Trezor vs. Ledger Nano S ▷ Our Great Hardware Wallets Review!
How can I keep my cryptocurrency as safe as possible? What is the best Bitcoin hardware wallet?
Most would agree that the safest way to store your cryptocurrencies is on a hardware wallet. We compared the two market leaders in hardware wallets to see which one is the better. We have the Ledger Nano S and the Trezor looked closer.
Why should I use a hardware wallet for cryptocurrencies?
Hardware wallets store your private key and do not give it to the outside world. This protects against attacks like keyloggers and phishing scams. With hardware wallets, you know yourself Your private key not, they are saved in the device and secured with a device PIN number.
Every crypto thief would need to know your PIN number and be in possession of your hardware wallet in order to access your cryptocurrencies.
At the moment there is no safer way to store your cryptocurrency than a hardware wallet. That's why a lot of investors have switched to a hardware wallet.
How is the build quality and appearance?
Safe deposit feels cheaper because it's made of plastic and is lighter than the ledger. Ledger looks more like a conventional USB stick, feels more robust with its steel housing and weighs 16,2g.
Both devices are sturdy, but we prefer the Ledger because the steel outer case gives us more confidence that it will withstand shock. Trezor may have a larger screen size than the Ledger, but we don't feel that it affects usability.
At the end... In terms of construction quality and appearance, we give ledgers the advantage.
Which coins does Trezor support and which cryptocurrencies does Ledger support?
This is probably the most important factor for anyone looking to choose a hardware wallet. After all, what good is it to choose a hardware wallet if it doesn't support the cryptos you want to store? When Altcoin Trader or investors, we love the number of cryptos Ledger supports and believe this gives users more flexibility.
At the end... Ledger is superior here too, due to the number of cryptocurrencies it supports.
Important note about the ledger: Note that the ledger only supports a maximum of 5 different cryptocurrencies on one device. So if you plan on storing many different cryptocurrencies on your device, you may need to purchase multiple Ledger hardware wallets.
Both Ledger and Trezor have excellent software, but there are some differences when it comes to compatibility.
- Ledger Compatible Operating Systems: Windows, macOS, Chrome OS and Linux.
- Important: Google Chrome is required for Ledger to function properly and wallet applications require Chrome extension downloads. Ledger doesn't offer official mobile support either.
- Trezor Compatible Operating Systems: Windows, MacOS, Android and Linux.
- Important: Trezor also offers Chrome extension downloads to make it easier to manage the device.
There is a difference between Ledger and Trezor in terms of entering your PIN into the device. On Ledger, simply enter your 6- to 8-digit PIN into the device and scroll through each number on your device. On Trezor, you get a 3 × 3 grid on the screen with random numbers. This means that you can access Trezor on your device with just a few clicks.
Enter the pin with Trezor
At the end... We love the software for Ledger and Trezor. However, Trezor has a little more to offer in terms of compatibility, mobile support, and easy device unlocking. Because of this, we have to give this category Trezor and see it as a bit more user-friendly than Ledger.
What is included with the order?
The Trezor box comes with two security seal stickers so you can be sure that nobody has tampered with the device.
Trezor Box Contents:
- Safe deposit
- USB cable
- 2x recovery card in case you forget your PIN number
- Trezor sticker
Contents of the Ledger Nano S Box
The Ledger packaging feels very similar to an Apple product. However, there are no safety stickers and for this reason we recommend that you buy directly from the manufacturer. Please note that all recovery cards should be empty. If it does not, then do not use the device and return it.
List of contents Ledgerbox:
- USB cable
- 1x recovery card in case you forget your PIN number
At the end... There aren't many differences here. We'd give Ledger the edge because the packaging looks nicer and feels better than Trezor.
What's easier to set up?
The process is similar for both devices:
- Set up your pin.
- Write down about 20 starting words you have created.
- In the case of Ledger, decide which apps you need and install them in your Ledger.
In both devices, 3 incorrect pin entries result in the device deleting all data and you having to withdraw your funds with your recovery card.
Both devices have two buttons to interact with the device and to scroll through the menus. Note in the Trezor wallet that you can select other cryptocurrency wallets on the Trezor by clicking on Bitcoin Wallet in the top left corner.
At the end... Both devices have similar setup processes and the devices should be ready to use in about 10 minutes.
Conclusion - Ledger Nano vs. Trezor
Both Ledger and Trezor are the safest means of storing your cryptocurrency. Both options give you the ability to see your wallets, interact with them, protect your private key, send and receive crypto. We think both devices are great and we happily recommend both. Just remember to check which currencies Ledger and Trezor support before buying.
Ledger is around 59,00 euros (including European tax) and offers free shipping, while Trezor costs 128,26 euros (including European tax and shipping). For the extra money you spend on Trezor, they get a bigger screen that lets you see the wallet addresses on a single screen. With Ledger, wallet addresses scroll across the screen as they are too small to show full wallet addresses.
You won't go wrong with either a Ledger or a Trezor. But if we were forced to choose between them, we would go for the ledger. Our main reasons would be that Ledger is a bit cheaper, supports more coins, and mobile support is not important to us.