The Ledger vs Trezor hardware wallet comparison is THE battle of the crypto wallet kings and one of the most sought after research articles among cryptocurrency newcomers.
Both of these cryptocurrency hardware wallets have many similarities and specific peculiarities that might appeal to different users. Our research and review looks only at the facts and features of Trezor and Ledger and weighs their pros and cons before making a final verdict.
Ledger and Trezor are premium manufacturers of secure hardware wallets, the most secure type of crypto wallet due to their security against hackers. With over 1500 coins supported by these brands and the option to swap between endless different cryptocurrencies, it is easy to see why the two wallets have staunch supporters.
But.. after extensive research on the features of both, we pick the Ledger Nano X in this battle of the hardware wallets. Here’s why:
- What is Ledger?
- How does Ledger work?
- What is Trezor?
- How does Trezor work?
- Ledger vs Trezor – which is better?
- safety and security
- supported currencies and third party integrations
- Android and iOS mobile support
- Mobile and web integrations
- User experience
- Final verdict – battle of the hardware wallets
What is Ledger?
Launched by cryptocurrency experts in 2014, Ledger was created to provide solutions for safe blockchain transactions. Ledger, a company with headquarters in Paris, offers two cryptocurrency hardware wallets: the Nano X and Nano S. With either of these wallets, you can store the private keys for your cryptocurrencies offline and protect your coins permanently from hackers.
How Does Ledger wallet work?
There are several reasons that users prefer the security of hardware wallet to other types of wallets. The most significant reason is the fact that they are not susceptible to hackers. When you conduct transactions using cryptocurrencies, you need cryptographic private keys. Usually, these keys are stored online, which makes them a target for hackers.
Ledger’s hardware wallets use a USB-type secure device to store the private keys to your cryptocurrency offline, preventing anyone with online access from hacking them. With Ledger wallets, you can send and receive cryptocurrencies and also run other applications from the wallet.
If your hardware wallet is stolen or lost, there is also a 24-word recovery phrase that you can use to recover your private keys and your stolen cryptocurrencies. Ledger Nano S and Nano X are similar in functionality, but the more expensive one, Nano X, offers more features. Ledger’s Nano X hardware wallet is commonly considered the best crypto wallet on the market by many users.
What is Trezor?
Founded by SatoshiLabs in 2013, Trezor has gained a significant boost in its reputation after creating several user-friendly products. Trezor makes two hardware wallets for securely storing your cryptocurrencies: Trezor One and Trezor T.
While Trezor T uses a touch screen, Trezor One comes with two control buttons. If you’re a beginner, you will not have trouble using Trezor hardware wallets due to the excellent tech support and the detailed how-to guide on their website. Trezor’s recent cryptocurrency wallet, Trezor T is widely regarded as the top competitor to Ledger Nano X for the title of best crypto wallet.
How Does the Trezor wallet work?
Trezor wallet works similarly to the Ledger wallet. It is offline cryptocurrency storage that guarantees the safety and security of your private keys from hackers. All transactions on Trezor are confirmed in the device so that the wallet keeps all private keys away from the internet. Before sending your cryptocurrency, Trezor allows you to check the screen to confirm the address and the transaction fees.
Trezor T is a significant upgrade on the older Trezor One. Trezor T has a card slot that allows you to insert MicroSD cards and encrypt a security pin code for enhanced protection. Its screen touch feature also makes it easier for beginners to use than the Trezor One, which has control buttons.
Ledger Vs. Trezor: Which Is Better?
While researching the best cryptocurrency wallet, it is hard to look further than these two brands.
As a beginner, you can’t go wrong with either of these devices for outstanding user experience. Both offer excellent tech support and step by step guides on their respective websites. If you’re finding it hard to decide between the two, here’s a comparison to help you.
We compared Ledger and Trezor over a wide range of important uses, and arrived at a verdict based on the user features of both. In the Ledger Vs. Trezor battle, we considered several features in particular – the safety and security, user experience, interface, cost, complexity, customer support – in order to rank the two.
Safety and Security
Winner: Ledger Nano X
Whether you’re a beginner or a professional cryptocurrency investor, your first priority is always the safety of your cryptocurrency. Both Ledger and Trezor have outstanding safety features that put them above their peers in the cryptocurrency market. Trezor improved its security significantly by adding new features to Trezor T compared to the older version Trezor One.
With Trezor T, users can input their pins, passwords, and seed phrase using the touchscreen rather than on the keyboard used on Trevor One, making the privacy keys secure from attacks on the web. Ledger also requires its users to input passwords and pins on the hardware directly. Because both device’s firmware is open source, users can view the code and report weaknesses.
Trezor is favoured by many diehard crypto enthusiasts because it’s built on open source code, making it’s security more transparent to users. While this is philosophically in tune with the crypto community it doesn’t mean Trezor hardware wallets are more secure than Ledger ones.
Indeed, while Ledger requires the user to generate a seed phrase while setting up his wallet, Trezor is more flexible with this. The strict approach of Ledger is better for security, while Trezor’s flexible approach makes it more user-friendly.
Anti counterfeit protection
Ledger’s device authenticity validation makes it stand out against Trezor in the security stakes. In crypto, device counterfeiting is one tactic used to steal your coins. Device counterfeiting is when you unknowingly buy or receive a fake device instead of the genuine article. Once you load your private keys on the fake device, they are stolen and your crypto is gone. Ledger is the only device to protect against this with software. They offer an online device look-up and validation, which you should do when you’re setting up your Ledger (before you send your private keys to the device).
Overall, we like knowing that the hardware wallet we buy online is the real deal and because Ledger provides this peace of mind, we rate it’s security over the Trezor T.
Winner: Ledger Nano X
At the time of writing, the Trezor One was around $59 while Trezor T was around $190 although it’s always best to check the price when you buy.
On the other hand, Ledger Nano S costs $60 while Ledger Nano X costs $119.
You can check the Ledger price here.
Trezor One is the cheapest. But Nano S is also affordable and supports more coins than Trezor One. So if you’re on a budget and want to hold coins like Monero or Cardano, choose the budget Ledger Nano S over the Trezor One.
Check out the price of Trezor from authorized reseller PrivacyPros here.
The Ledger Nano X generally comes out cheaper than its competitor Trezor T and so wins in this category.
Winner: Ledger Nano X
Ledger (both Nano S and Nano X) supports over 1800 coins and tokens in its hardware wallets compared to Trezor T, which supports 1,649 coins and tokens. Trezor One supports fewer tokens than Trezor T. Because of the higher number of supported coins and tokens, Ledger Nano X wins this stage in the Ledger vs Trezor battle.
Android and iOS Mobile Support
All Ledger and Trezor wallets support Linux, Macbook, and Windows computers. However, while Ledger supports both Android and iOS mobile devices, Trezor only works on Android.
If you’re an iPhone user, you would be more inclined to choose Ledger, knowing that Trezor does not support your phone.
Mobile and web integrations
Although Ledger wallet is a cold hardware wallet storage, its technical team has created a Ledger Live application that allows users to monitor and manage their accounts and buy, sell and swap coins on both mobile and desktop. Trezor does not have an app. Instead, Tresor has the Trezor suite feature which uses Chrome extensions on your desktop to manage your crypto in your wallet, but has no mobile support.
Both Ledger and Trezor support third-party integrations such as with MetaMask wallet or crypto exchanges, but Ledger supports more integrations than Trezor.
Winner: Trezor Model T
Although Ledger and Trezor are easy for beginners to navigate, some unique features make Trezor more favorable to users. Trezor T has a small color touchscreen that allows easier navigation and control. Ledger’s Nano X is bigger than the Nano S wallet, but it can still be harder to read than the Trezor T due to its smaller size.
Winner: Ledger Nano X
Ledger’s Nano X is best for users that value mobile convenience as it has an optional Bluetooth capability that allows the wallet to connect to mobile phones. Trezor does not support Bluetooth connection and depends on USB cable support to connect to the mobile phone.
Final Verdict – battle of the crypto wallets
From this review, there is very little that separates Ledger and Trezor wallets. While Trezor trumps Ledger in its user experience and open source code, Ledger tops Trezor in its anti counterfeit security protections, number of supported currencies, iOS support, Bluetooth connectivity, price, and supported mobile applications.
In the Ledger vs Trezor comparison, Ledger Nano X comes out on top as the best crypto wallet.