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How to use Avalanche Wallet: 4 tips you should know

Crypto KP Free crypto research, How to do crypto November 30, 2021November 30, 2021avalanche wallet, AVAX, top cryptocurrency wallet

If you haven’t heard of Avalanche during 2021 you must have been sleeping on your crypto investments. The Avalanche Layer 1 blockchain has experienced a meteoric rise in popularity and price alongside it’s growing on-chain ecosystem. To get to know your way around the Avalanche ecosystem, use its NFTs stake your AVAX, you’ll need the native Avalanche wallet. But the Avalanche wallet itself has some unique features that others don’t. So in this guide we step through how to access Avalanche wallet, how to use it without losing your AVAX, and some of the best dApps to get into on Avalanche.

What is Avalanche and why do you need to know about Avalanche?

Avalanche is a rapidly growing blockchain and crypto ecosystem. It bills itself as a network of blockchains with blazing fast speeds and better decentralisation (more validators) and scalability than other blockchain networks.Avalanche has a fast growing ecosystem with loads of DeFi protocols and dApps, tonnes of exchanges and swaps, as well as a growing NFT dApp presence. If you’ve been sleeping on your crypto Layer 1 projects, here are some fast facts about Avalanche:

Avalanche’s Total Value Locked (in DeFi) has gone parabolic since August 2021. It’s grown from $300M to $11B!
Avalanche’s total market cap is up 85% in the 30 days, hitting $23 billion at the time of writing
Avalanche recently announced $600 million in funding to encourage development on its network. That equals more ecosystem growth.
Avalanches native blockchain token AVAX is used for network fees, capped at 720 million, and burned (on creation of blockchains, assets, subnets and payment of transaction fees). If the AVAX burned is larger than AVAX rewarded (to validators) the tokenomics are deflationary.

It’s growing popularity and attention makes it a crypto project worth following and an ecosystem worth exploring.

What is Avalanche wallet and why would you use it?

Avalanche is the native wallet for the rapidly expanding Avalanche ecosystem. You might use Avalanche wallet to do any of the following:

To stake your AVAX and earn rewards (you need a minimum of 25 AVAX to delegate for staking).
To run an Avalanche blockchain validator node (you need to hold a minimum 2000 AVAX in your wallet to run a node).
To mint and store AVAX NFT collectibles.

Staking and validating inside the Avalanche wallet earns attractive returns of between 9% and 11% depending on how the term you choose. Read this to learn more about staking and validating opportunities using Avalanche wallet.

Avalanche has a fast expanding NFT scene, with several new and popular NFT marketplaces. We look at the most popular Avalanche NFT dApps below. Avalanche wallet is where you mint and store NFTs for the Avalanche blockchain.

Getting started with Avalanche wallet

Avalanche wallet is a web wallet so you’ll need to be on a browser to use it. You can access Avalanche wallet here.

The first thing to do when you access the webpage is create a new wallet. The software will generate a seed phrase for wallet security for you. If you don’t know what a seed phrase is and why it’s important, check out our quick explainer here.

You’re going to want to write the seed phrase down (in order) so that you can recover your crypto if anything happens to your wallet.

The next step in creating your Avalanche wallet will require you to fill the missing blanks (words) in your new seed phrase – so make sure you don’t skip this first step or you won’t be able to complete the wallet set up process.

Once you’ve gained access to your newly created wallet, you’ll come to a screen that looks like this:

Before you complete any transactions you need to finish setting up the wallet security. There are two steps:

1. Set up wallet name and passphrase

Scroll down to the bottom left of the wallet ‘Portfolio’ screen and you’ll see an orange warning symbol. Click on this symbol to set up a name for your Avalanche wallet and to set a passphrase to access the wallet. You will need to use this passphrase to access the web wallet in future. It’s critical you do this to help with online security as the Avalanche wallet is a ‘hot wallet’.

2. Set up Avalanche wallet security

The next step is to set up your Ledger hardware wallet to secure any crypto you hold inside Avalanche wallet. Hot wallets are vulnerable to cyber hacking and theft. The best way to secure a hot wallet is by protecting it via a cold storage wallet connection.

The best cold storage wallets are the Ledger and the Trezor. To learn more about cold storage wallets, have a read through our article “Getting started with cold storage wallets: all you need to know.”

We review the top cold storage wallets here if you’re wondering which is best for you.

If you’re interested in buying a Ledger to secure your crypto, we recommend the Ledger website.

If you’re interested in a Trezor, Privacy Pros authorize dealer is a great site to get one from.

The great thing about Avalanche wallet is you can easily connect the Ledger cold storage wallet to it. You should do this before you put any funds in the Avalanche wallet.

Connecting ledger to Avalanche wallet

To connect your Ledger, you’re going to need to have the Ledger Live app installed and add both Ethereum and Avalanche wallets inside the Ledger Live app. You can add new wallets through the ‘Manager’ function inside Ledger Live.

Once you have Avalanche wallet set up inside Ledger Live, you can go to Avalanche wallet web version, select ‘Access wallet’ and select Ledger as the device you want to use to access your Avalanche wallet. After you confirm a few transactions on your Ledger, you’ll be given access to the Avalanche web wallet with Ledger security.

We recommending setting up Ledger wallet security for your Avalanche wallet BEFORE sending your funds to the web wallet. This way you’ll know your funds are secure.

4 unique Avalanche wallet features you need to know

Avalanche wallet is a little different from other wallets. You need to know how it’s different so you can use it fully, without worrying about losing your funds. Here are the main differences:

1. It’s three blockchains in one

Avalanche composes of a few blockchains together. So you’re going to need to deal with 3 different ‘chains’ inside the Avalanche ‘primary’ network. There’s three you will come across:

X chain – Exchange chain – is where you first receive your funds (AVAX token) into Avalanche wallet.
C chain – Contract chain – is where you find most of the decentralised finance applications.
P chain – Platform chain – is where staking and validating takes place.

All three chains – X, C and P – can be accessed from within one place – the Avalanche wallet. Check out the rectangle in red on the right:

2. Your public address is different for each chain and changes with each transaction

Each of X, C and P chains have different public addresses. If you don’t know what a public address is, check out our crypto wallet FAQs here. It’s basically like a public facing email address for your wallet…

What this means is, to use Avalanche wallet you need to know which chain to use before you transact. Once you’ve worked this out, then click on ‘X’, ‘C’ or ‘P’ inside Avalanche wallet, to get the right public address.

The X chain address starts with ‘x-avax’,
the P chain address starts with ‘p-avax’ and the
C chain address starts with ‘Oxb’ (like an Ethereum address).

Your public address on each of these chains will also change with each transaction. It’s an extra layer of security in the wallet. But don’t worry, because sending your crypto to an old address from a previous transactions will still get them to your wallet!

3. You send your AVAX to different chains for different uses

The Avalanche wallet ‘cross chain’ tab (see the red rectangle on the left menu bar above) allows you to transfer funds between X, C and P chain. You need to do this to use your AVAX for different things.

For example, if you want to stake AVAX token, you will need to send it from an exchange (where you bought it) to your Avalanche wallet using the X chain public address. You then use the cross chain tab (left of screen) to transfer your AVAX from X chain to P chain so that you can stake it.

4. Avalanche wallet is not set up for dApps

Avalanche wallet is not set up to interact with dApps built on the Avalanche blockchain, from inside the wallet. For that you will need to use MetaMask wallet, with the Avalanche C chain set up inside it.

To set up Avalanche C chain in MetaMask, you need to go to the Metamask menu (red square) and select ‘settings’, then ‘network’. From there, follow these directions to add C chain network to your Metamask.

How to get funds into the Avalanche ecosystem

There are two main ways to get funds into the Avalanche ecosystem so that you can interact with NFTs and DeFi products on the Avalanche blockchain.

1. Send funds to Avalanche wallet

You might send AVAX to you Avalanche wallet if you want to set up a validator node inside the wallet, or you want to stake your AVAX. Returns for staking are currently around 10%.

If you want to send AVAX or NFTs to your Avalanche wallet, you need to send them to Avalanche X Chain.

You can buy AVAX on Binance and send it directly to your Avalanche wallet on X chain. Simply open your Avalanche wallet, click on ‘X’ from the portfolio tab and hit the document icon to copy the address. You then past this address into the Binance ‘Withdraw’ screen and chose the ‘AVAX chain’.

If you are in the US, you can buy AVAX on Kucoin and send it directly to your Avalanche wallet for a small fee. Remember to select X chain.

2. Send funds to Avalanche network on MetaMask

You’re probably going to use Metamask if you want to use DeFi on the Avalanche ecosystem. If that’s the case, you’ll need to send your AVAX to Avalanche C chain.

You can send AVAX from Binance directly to C Chain – just make sure you select this network when you withdraw from Binance. The public address you send your AVAX to is the Avalanche network address copied directly from your MetaMask wallet. Remember you may have to add the AVAX token in your MetaMask for your token to show up.

Once you have AVAX in your MetaMask wallet, you can connect MetaMask to a growing number of dApps on Avalanche and start using their products and services.

If you are in the US, you can buy AVAX on Kucoin and make sure you select C Chain when sending your AVAX to your MetaMask wallet.

5 Best dApps to use on Avalanche

This Avalanche projects webpage is where you can find and explore the long list of many dApps built on Avalanche network. Here’s our highlights on some of the best dApps to use on Avalanche if you’re into DeFi, NFTs, exploring the metaverse or shopping with your crypto:

Avalanche Bridge – you can use this bridge to transfer ERC20 tokens from Ethereum to Avalanche’s C-Chain and back. It’s fast and low cost to bridge to Avalanche. In fact, bridging to the Avalanche blockchain from Ethereum can be a cheaper way of executing a trade than doing it on the Ethereum network.
TraderJoe – is a decentralised exchange to swap crypto quickly and cheaply. It also has lending, borrowing, liquidity farming products available. It’s probably the most popular dApp on Avalanche as we write and well worth checking out.
Wonderland – DeFi staking dApp where you can stake $TIME and earn 86,000% APY at the time of writing. And yes, you read that correctly. 86,000%.
Curate – DeFi Shopping App with AVAX Payments. You can also Mint and sell NFTs using the Curate gasless NFT Marketplace (charges 4% commission instead of gas fees).
Kalao – There are 7 NFT marketplaces on Avalanche network all vying for what has become the hottest sector in crypto bar metaverse gaming. Our favourite is Kalao NFT marketplace where you’ll find the cool Party Animals NFT collection among others. Not as big as the ETH NFT marketplaces, but a lot cheaper to buy into, mint or swap if you’re just getting into the NFT scene.

Metamask vs Trust Wallet: which one should you go with?

Crypto KP Free crypto research October 21, 2021October 21, 2021best crypto wallet, metamask vs trust wallet, top cryptocurrency wallet

At first, the world of crypto can be confusing and complicated. Especially because you have to learn to take custody of your own cryptocurrency. One of the first things you need to do is find a good crypto wallet and learn how to use it. Inevitably, there’s one question everyone faces starting out in crypto: “What’s the best cryptocurrency wallet for me?” The answer will depend on what you need out of your crypto wallet. In this post we’ll look at two of the heavy weights – MetaMask vs Trust Wallet – so we can help clear up confusion about which one is best!

What is Metamask?

Metamask is an open source cryptocurrency wallet created by a group of developers who aim to ‘extend the decentralized web to everyone.’

It’s a software wallet, otherwise known as a hot wallet, because it’s connected to the internet.

Metamask has browser extension and mobile version of the same hot wallet. You can synchronize both of these to make them operate in tandem.

What is Metamask used for?

Connect to DeFi products and services

The main advantage of using a Metamask crypto wallet is to transact your cryptocurrency across the cryptoverse. Why would you want to move your coins? In a nutshell, DeFi.

Aave, Curve, and Yearn Finance are some examples of decentralised finance protocols. Metamask allows you to seamlessly connect to these protocols. Once you do, you can use their services to generate passive income on your cryptocurrency – for example by lending, staking, and yield farming.

There are a few technical requirements you’ll need to know and perform in order to use Metamask with DeFI. Check out our post on how to set up Metamask for non-technical users. If you take these steps first, it will save you a lot of confusion and worry later.

Metamask has security integrations with the best hardware wallets on the market – Ledger and Trezor – which means you can interact with DeFi easily and securely. You just have to connect your Ledger or Trezor hardware wallet from the Metamask menu and then off you go!

Metamask really opens up the world of Decentralised Finance to crypto users. And this is the main reason that every crypto holder should have MetaMask crypto wallet in their crypto tool kit.

Buy Ethereum

You can pretty quickly use Metamask to buy Ethereum (ETH) via the bank services directly in the wallet. Payment is through Apple Pay, bank transfer or debit card. You’ll pay network fees to do this and fees on the Ethereum network are notoriously high.

This is not the most cost-effective way to get coins, but it’s an easy approach to begin with some cryptocurrencies and Decentralized Finance solutions if you’re a novice.

Once you have the ETH in your wallet you then use the wallet swap function (see below) to swap that ETH into a bunch of other coins or tokens.

Swap crypto

As we mentioned above you can also swap between cryptocurrencies using Metamask, for example Ethereum or the Binance Smart Chain. A service fee of 0.875% is automatically factored into each swap quote – the price you pay for convenience! Metamask supports swaps between a long list of coins and tokens, making it a useful feature if need a quick transaction

You may also swap cryptocurrencies using other dApps that Metamask connects to, such as QuickSwap on the Matic Mainnet or SushiSwap on the Ethereum Mainnet. The fees can be lower doing this so we don’t use the swap function within Metamask wallet.

Send and receive crypto

You can send and receive crypto into and out of Metamask, although for security reasons (as for any hot wallet) it’s not advised to store your coins in the wallet.

Metamask wallet – pros and cons

PROS	CONS
Ubiquitous – just about every app, bridge and protocol we have come across has a Metamask integration. Metamask is you virtual transport around the crypto ecosystem, regardless of what blockchain network you need to operate from.	Clunky and not very user friendly – you have to learn how to use it and manually add the blockchains you want to transact on. The silver lining is, once you learn Metamask you can do most other things you need to do in crypto.
Supports multiple blockchains – your DeFi options are endless. You just have to learn how to manually input each new network you want to use.	Syncing – doesn’t always go smoothly between the web browser and the mobile app and you need to have two different access passwords for each of these, which is a pain.
Integrates with most new DeFI protocols and dApps – which is where the (risky) money can be made in DeFi!	No real native capabilities – It doesn’t have the bells and whistles of other apps. No native decentralised apps, no in-wallet staking or farming. It’s a transactional wallet only.
Security integrations – with the two best hardware wallets on the market, Ledger and Trezor. Once you link your Metamask to one of these hardware wallets, Metamask has the security of a cold storage wallet with the convenience of a hot wallet.
Control over fees – It allows you to set network fees and slippage, which means you can control your transaction costs (somewhat) while using it.

What is Trust Wallet?

The Binance wallet is a mobile cryptocurrency wallet run by the Binance crypto exchange. It supports the Binance Smart Chain ecosystem since it is the official mobile cryptocurrency wallet of Binance as well as Ethereum mainnet.

This is a plus, because you can bridge Binance coin (like BNB) over to the Binance Smart Chain within the wallet. By using the Binance Smart Chain, you avoid the very high transaction fees associated with ERC-20 tokens transacted on the Ethereum mainnet.

What is Trust Wallet used for?

DeFi

Like Metamask, you can use Trust Wallet to connect to a range of DeFi protocols, mostly through the ‘Wallet Connect’ integration. We use Trust Wallet to connect into PancakeSwap where we earn double digit APY staking our CAKE. That’s just an example.

Limited native staking

Trust Wallet has a few unique features that other wallets lack, owing to its Binance connections. For example you can use it for Staking directly inside the wallet for a handful of coins including BNB, Kava and Cosmos. Native staking gives you the option to chose exactly which node validator you’re going to stake your coins with. It shows the APY for a list of different validators, which means you can chose the best one.

There are also native links to popular DeFi protocols from the “Discover” screen. SushiSwap, Curve, yearn.finance, Aave and 1inch.exchange can all be linked straight from the wallet.

Exchange

Trust wallet has an exchange function where you can trade BNB for a long list of other coins and tokens. There are no price charts, but you can see limited order books per trade.

Buy, send, swap

Trust wallet also offers the standard functions that other wallet offer. You can send and receive coins from the wallet and swap between cryptocurrencies. You can also buy a limited range of large cap cryptos. The payment provider is Moonpay, which does charge pretty heft fees.

Trust Wallet – pros and cons

PROS	CONS
Supports Binance Smart Chain as well as Ethereum Mainnet – cheaper transactions for BNB and BNB swaps / exchanges Some direct DeFi protocol links within the wallet and some native staking.	DeFI integrations – not as many newer protocols and platforms as Metamask.
Wallet Connect integration – allows you to connect to quite a few DeFi protocols and dApps.	Buggy – We’ve had loads of problems with the PancakeSwap / Trust Wallet connection in the past.
	Limited to Eth network for most DeFi transactions – meaning you’re going to pay top dollar network fees to use Trust Wallet for DeFi.

The verdict

Metamask is our choice in the Metamask vs Trust Wallet battle. You just have to look at the long list of ‘Pros’ to understand why.

You can use Trust Wallet and just stick to the Ethereum network and it’s ecosystem of DeFi products and services. If you do this, Trust Wallet is a sound option to go with. BUT…Metamask is used everywhere! And it will allow you to transact on cheaper blockchain networks (Solana, Avalache, Polygon) that are exploding with new dApps and DeFI protocols.

These other blockchain networks are building strong DeFi ecosystems where you can make a great return with your crypto after connecting with your Metamask.

The Metamask ecosystem integrations are so great you don’t really miss or need any native capabilities in the wallet itself beyond what is already there. You just have to work with the clunky nature of the wallet and traverse a bit of a learning curve first. Once you do, the world of DeFi is your oyster!

The best hardware wallet for your Bitcoin

Crypto KP Crypto insights September 27, 2021September 27, 2021best hardware wallet, top cryptocurrency wallet

If you are looking for the best hardware wallet to store your Bitcoin, then look no further. The Ledger Nano S is the best wallet on the market if you want something easy to use, that offers top level security at an affordable price point. There are many wallets out there that offer great features like multi-currency support and can act as a password authenticator, but they come with a higher price tag. Let’s take a closer look at what makes Ledger Nano S a great pick for your Bitcoin!

What to look for in a Bitcoin-only hardware wallet

So you have bought some Bitcoin because you think it’s a good investment. You understand that you’re now in charge of keeping your assets safe from hackers and you’ve discovered that hardware wallets are the best way to do this. Congratulations! You’ve made a great start to protecting your cypto!

Now you’re looking for the best hardware wallet to hodl (hold) your Bitcoin asset safely over the the long term.

But how do you go about picking the best hardware wallet for your Bitcoin?

After researching loads of cryptocurrency wallets, here is our list of the top 5 features to look for if you want to the best hardware wallet to store your Bitcoin.

Top 5 features – the best hardware wallet to store Bitcoin:

1. Security

Security is always first on the list, especially if you’re looking at securing a large amount of Bitcoin. Make sure you have these security features as a minimum to protect your Bitcoin private keys:

PIN Code security
Seed phrase security
Offline seed phrase generation
Secure element chip (CC EAL5+). The same types of chips that store sensitive information like biometrics and banking details. These have intrinsic security features that protect the information stored on them from attack.

2. Price

The price should be affordable given you’re only looking to store the one type of cryptocurrency (Bitcoin). You shouldn’t be paying for bells and whistles you just don’t need.

3. Brand trust

If you want to hodl your Bitcoin for a few years you need to know the company that produces your hardware wallet will be around to support the device for years to come. Some folks have been let down storing their coins on hardware devices only to find a few years later the company has disappeared. They have a hard time getting their coins back once this happens because there have been no firmware upgrades and there no tech support. You’re basically on your own. So while it is possible to recover your coins in this situation, it sure ain’t easy!

4. Simple set up and use

You need a hardware wallet that is intuitive, that will take you through the steps of set up quickly and easily. You just want peace of mind of knowing you can get your Bitcoin private keys stored in the wallet in one go, and they’re safe there, are we right?

5. Quality construction

The device itself needs to last as long as you want to hodl your Bitcoin. This will rule out a bunch of more flimsy card type hardware wallets from consideration.

You’ll find the best brands in the market offer great security for your private keys in simple to set up and well constructed hardware wallets. Some even have different models of hardware wallets that offer the features you need for an affordable price.

So lets take a look a the best brands in the market when it comes to finding the best hardware wallets for Bitcoin.

What are the best hardware wallet brands in the market?

The two most trusted, popular, widely used and best brands of cryptocurrency hardware wallets are Ledger and Trezor.

Ledger

Ledger is a company that was established in 2014 in France. It was established by eight individuals who were passionate about cryptocurrency security and wanted to contribute back to the crypto community by combining their expertise in cryptography and entrepreneurship.

Over the last 7 years the company has transformed from a start up to employing over 300 people around the world. It’s is now valued at $1.5 billion and recently raised another $380 million in venture capital to inject into its business and its devices.

Ledger has sold over 3 million hardware wallets and claims to secure around 15% of all cryptocurrency assets globally. They produce two hardware wallets. 1.5 million people use Ledger Live app (that complements their hardware devices) each month.

The company has a long history in crypto terms and is raising funds for the future. Our view is that it will be around for years to come.

Ledger produces the Ledger Nano S and Ledger Nano X (premium model).

For a full review of the Nano X and Nano S, check out this page on our site.

Trezor

Trezor was established in 2013 in the Czech Republic by Pavol Rusnak (“Slush”), Marek Palatinus (“Grafik”) and Tomáš Jiříček (“Carmac”). It’s a subsidiary of Satoshi labs that formed around Bitcoin mining and security. Satoshi labs produced the first Trezor prototype in 2012. The Trezor brand has been around ever since and has a strong following of customers buying their two hardware wallet models.

There is less public information available about the company value or number of Trezors sold. Trezor does continue to release product upgrades, such as the Trezor Suit desktop app. Trezor also publishes a forward roadmap of upgrades, projects and bug fixes on Github. One of the things Trezor enthusiasts enjoy about the tech is that it’s all open source.

Trezor produces the Trezor One and Trezor Model T (premium model).

For a full review of the pros and cons and stand out features of each model, click here.

Why Ledger Nano S is the best hardware wallet for your Bitcoin

The best wallet on the market if you just want Bitcoin is the Ledger Nano S. There’s a good reason Ledger has sold more than 2 million of these particular devices. Ledger Nano S offers the best of those features that you should be looking for in a Bitcoin hardware wallet. Let’s take a look.

Trust

We’ve already covered why Ledger is one of the two most trusted brands in cryptocurrency hardware wallets. Their Ledger Nano S model has been around for 6+ years and is widely used in the crypto community with over 2M sold.

Security

Ledger offers all of the security features mentioned above – they use a secure element chip, PIN code and offline seed storage phrase generation. They also offer a few security features that we think are incredibly value and stand them above the pack.

1) The Ledger devices themselves are certified by French cyber security agency ANSSI. They’re the only hardware wallet to go through this kind of certification.

2) Ledger has a software validation feature that allows you to confirm online that the hardware wallet you have received in the mail is a genuine Ledger device. Counterfeit of hardware wallets is a real risk in crypto. Even hologram tape and other secure packaging can be counterfeited. There’s no need to worry about this with Ledger.

Ease of set up

There are three simple steps to set up your Nano S. You have to set up the device, then choose your PIN code, and finally you have to write down your recovery seed phrase. You start out with downloading the Ledger Live app. The app then takes you through the steps to set up the device.

The Ledger Live app is another area where we think the Ledger shines over the Trezor One and Trezor Model T. While the Trezor has a large screen than the Ledger, the app just makes the Ledger easier to use without even needing a screen on the device. You mobile acts as the screen!

You just use the two buttons on the device to complete these tasks, following a set up guide that comes with the device and the instructions in the app. Easy peasy!

For Android users, you’ll need to buy what is called the “OTG kit” for an extra $24 if you want to connect to and Android phone or laptop. You will find these for sale on the Ledger website.

Quality construction

Ledger Nano S has been around for years and lasted the test of time. It’s a compact and solid USB type device made from brushed stainless steel and plastic. There is no battery required to operate it and it doesn’t rely on Bluetooth to connect. Connection with your computer or phone is via cable. All in all, it feels sturdy and durable and it’s performance over the last 6 years shows that it’s a long lasting piece of technology.

Price

This is where the Ledger Nano S shines. It has everything you need to store your Bitcoin and doesn’t charge you for things you don’t. Let’s look at what you get in the cheaper Nano S model versus the others.

Nano S versus Nano X

The Nano X premium model is almost double the cost of the Nano S so what are the extra’s you’re paying for and do they matter to securely storing your Bitcoin?

The Ledger Nano X has three things the Nano S doesn’t:

It can concurrently store 100 different coins and tokens. The Nano S is limited to 6.
While the Nano X has Bluetooth or cable connection to your mobile phone, the Nano S connects with a USB type B cable only.
The Nano X has a larger screen than Nano S, with touch sensor instead of buttons.

The good news is, none of these three things impact on you if your aim is to safely store your Bitcoin!

You can pay around $100 less for the Nano S and get the same strong security and Ledger Live app as the Nano X. You can easily set up the device, store your Bitcoin and manage it all with the Ledger Live app and Nano S.

If it’s just Bitcoin you’re storing, save your hard earned dough and go with the Nano S.

Nano S versus Trezor

Nano S is also around half the price of the premium Trezor hardware wallet – the Trezor Model T. So we’re going to compare the Nano S to it’s nearest Trezor competitor in terms of price – the Trezor One.

Trezor devices we just find are a bit more complicated to set up than Ledger. There are extra steps to take, like establishing a connection between your Trezor device and the Trezor software. You also have to install the firmware for the device before you can start setting up your PIN code and seed phrase.

You’ll come to find Trezor One doesn’t have the secure element chip for PIN, password and recovery seed phrase protection that the Ledger Nano S has.

While the Trezor One has a large device screen, with the Nano S + Ledger Live app you can use your mobile as your screen. You really don’t need a screen on the Nano S itself. The Ledger Live app is one the biggest drawcards Nano S has over Trezor One, and why we think Nano S is a better choice to secure your Bitcoin.

The Nano S is also slightly cheaper than the Trezor One to buy.

What else do you need to keep your Bitcoin secure?

It’s not enough to just have the Nano S and think that your Bitcoin is secure. What happens if your Nano S hardware wallet is lost or stolen, or damaged in fire or flood?

You will need to recover your coins using the seed phrase you wrote down when you set up the hardware wallet.

3 or 5 years down the track, are you going to remember where you wrote it down?

What if the flood or fire that destroyed your Nano S also destroys the paper or the book you wrote your seed phrase on?

Don’t worry. There’s a solution for every problem when it comes to securing your crypto!

The best Bitcoin bundle for security plus

Our advice is to get a metal storage wallet to store the seed phrase for your Bitcoin.

A metal storage wallet is a stainless steel lockable tablet with an inner and outer layer. It comes with stainless steel tiles that have letters and numbers engraved on them. You use the tiles to form your Bitcoin seed phrase on the inner layer. You then close the outer layer so your phrase is not visible. You lock the outer layer.

The construction makes your metal storage wallet indestructible in case of fire or flood.

Billfodl is our pick for the best metal storage wallet on the market. You can read why here.

Once you have a metal storage wallet set up for your Bitcoin seed phrase, just make sure you store it in a different location to your Nano S. You can then track it down and open it up to get the seed phrase, if you ever need to recover your Bitcoin.

Think of James Howells who lost $100 million worth of Bitcoin on a hard drive that went to the local rubbish dump. If he had a metal storage wallet, he’d have been able to recover his coins on the Blockchain. Big mistake. Huge.

You never know what’s going to happen. So don’t be the next James Howells and get yourself a Nano S and metal storage wallet to protect your Bitcoin. It’s your hard earned money – make sure it’s secure!

Bitcoin price prediction – will we see $100,000 in 2021?

Crypto KP Crypto insights September 15, 2021September 15, 2021best crypto wallet, bitcoin price prediction, top cryptocurrency wallet

No-one had a crystal ball but cryptocurrency ‘experts’ are not shy of making a bold Bitcoin price prediction or two. Lately, financial institutions have also weighed in with their views. Some based on analytics, others probably plucked out of thin air. As recently as May 2021, pundits had written off any chance of Bitcoin hitting $100k in 2021 following a 50% retrace in BTC price action. But prices have since rebounded.

In this blog post, we’ll look at the most up-to-date bitcoin price predictions from crypto industry experts and leading investment houses for the end of 2021 and beyond. Is Bitcoin on track to meet expectations this September day in 2021? Let’s dive in and see.

What is Bitcoin?

For the crypto uninitiated, Bitcoin is a cryptocurrency and digital worldwide store of value. It’s the first decentralized digital currency, as the blockchain technology it is built on works without a central bank or single administrator. The network is operated through peer-to-peer and transactions take place between users directly through a public ledger, without an intermediary. These transactions are verified by network nodes through the use of cryptography.

What is the price of Bitcoin today?

The price of Bitcoin at the time of writing is $47,251.

BTC’s 2021 YTD trading high is $64,854.

BTC 2021 YTD trading low is $28,130.

That’s quite the range in a 9 month period, meaning any Bitcoin price prediction should be taken with a grain of salt! So lets have a look at what the big names in crypto have to say…

A Bitcoin price prediction from the Bulls

Tim Draper

Tim Draper is the founder of Draper Associates, a seed stage venture capital firm. He is also a Bitcoin investor. Tim Draper predicted that BTC would hit a whopping one million dollars in 2018, which didn’t quite hit the mark.

He now believes the price of Bitcoin will be $250k in 2022/23 and see a total market cap around $100 trillion.

Cathie Wood

Cathie Wood is the CEO of Ark Invest, a popular global funds manager. She’s also an expert on investing in disruptive technologies.

Cathie Wood believes that the value of BTC could reach $100,000 by 2021 (sources: Coin Telegraph and CNBC ). She says the technology is advancing quickly – in just a few years blockchain tech has gone from an idea to real applications with working projects.

Wood’s long term Bitcoin price prediction is closer to $500,000. And that’s in just 5 years.

Mike Novogratz

Mike Novogratz founder of Galaxy Digital a investment manager specialising in cryptocurrency and block chain predicted in November 2020 that Bitcoin would hit $65,000 in the short term. It almost met those expectations. According to Financhill, Novogratz expects a price of $100,000 by the end of 2021.

Raoul Pal

Raoul Pal is a widely respected macro economic analyst formerly of Goldman Sachs, and an expert on global economics. He founded Real Vision TV, a financial media website.

Pal sees Bitcoin hitting $100k in the short term (sources: Business Insider Financhill ). Pal’s most recent prediction has Bitcoin at between $250,000 and $400,000 a coin by March 2022.

He predicts that BTC will be worth somewhere between one to ten million by 2025 – depending on how quickly the world begins to adopt crypto.

Pal believes the currency could achieve this if it becomes “the global standard for value transfer” which will require widespread adoption from governments and banks. The number might be about right but the timeframe in our view is too short. Government regulators are painfully slow to move on new tech and there is fierce resistance in some quarters of government to decentralised currency and value transfer.

What do the Bitcoin bears say?

John Paulson

John Paulson is a hedge fund manager and a billionaire. He’s famous for making $15 billion in 2007 by shorting the US housing market as it collapsed – which turned him into an overnight multi-billionaire.

Recently John Paulson predicted to Bloomberg that Bitcoin would crash to zero, calling it a limited supply of nothing.

Peter Schiff

Peter Schiff, well known gold bug and CEO of Euro Pacific Capital, asserts that bitcoin is worthless. He famously called the cryptocurrency a bubble in 2017 (sources: Business Insider ).

Schiff was calling for BTC to fall back to $0.01 but then most recently conceded that the price may actually hit $100,000 by the end of 2021.

Warren Buffet

And then of course there is the greatest stock market investor of all time Warren Buffet, who famously called Bitcoin ‘rat poison squared’. Buffet is reported as thinking Bitcoin owners are delusional.

What price do financial institutions predict for Bitcoin?

Forbes reported at the end of 2020 that a leaked Citi report predicted the price of Bitcoin to be $300,000 by the end of 2021. We’d need a 600% increase in 3 months to get there. That would be crazy, even for crypto.

Credit Suisse predicts a high-end estimate for bitcoin prices by 2025 at around $50,000.

In 2021, JPMorgan issued a target price for of $140,000 but says because of price volatility the price could be closer to $23,000. Their mid term price valuation is between $23,000 and $35,000.

UK banking behemoth Standard Chartered has reportedly issued a new price prediction for Bitcoin or $100,000 this year.

In God we trust, all others bring data – so what do the charts say?

Logarithmic charts are often used over linear charts to understand the uptake and price of assets that grow exponentially. Exponential growth is where growth compounds continuously. If you think about how compound interest provides interest on interest, that’s an example of exponential growth. Bitcoin is an exponential growth asset. If you take a look at a linear Bitcoin chart it resembles a hockey stick – exploding growth – like the chart I posted above. A logarithmic chart plots the growth of Bitcoin so that analysts can better understand its trend.

If you take a look at Bitcoin on this logarithmic chart it indicates a high in December 2021 of $145,000.

Stock to flow model charts like this one by Plan B show a price hovering around $100,000 at the end of 2021.

If you want to know more about Bitcoin price prediction charts have a read of this great article.

As you can see, there is no real consensus about what to expect in 2021 for BTC prices. Not overly surprising given how volatile the market is. The other thing is bulls are mainly already Bitcoin investors. They don’t mind if you buy some Bitcoin because they predict the price is going up.

We like the logarithmic charts , because one thing about Bitcoin is that it’s programmed value. The logarithmic charts reflect the Bitcoin price playing out along the line’s we’d expect, based on the way the asset is programmed with supply halving every four years.

If you want to buy some Bitcoin use our link to Celsius crypto wallet and you’ll get $40 free BTC! Or just type in referral code 1910143eb7 when you set up the wallet. T&Cs apply. You can also earn 3.51% interest on your Bitcoin with Celsius wallet!

And don’t forget to keep your crypto safe from hackers with one of our recommended hardware wallets.

Top cryptocurrency wallet – best to secure and invest your crypto

Crypto KP Free crypto research, How to do crypto September 7, 2021best crypto wallet, top cryptocurrency wallet

With the number of cryptocurrency wallets already in the market, choosing the top cryptocurrency wallet is not an easy proposition. But having the right cryptocurrency wallet for the right purpose is critical to protecting your money. In crypto, you are your own bank. This means the safety of your assets is up to you! But don’t worry, we’re here to help.

Whether you’re a cryptocurrency trader, an investor, or a beginner, you will need a cryptocurrency wallet to store your coins securely, transact, and recover them. There are several options out there, and they all offer unique features which makes choosing the best crypto wallet an arduous task.

The very top cryptocurrency wallet should offer their users safety, security, a great user experience, excellent technical support, and customer service, among other things. We’ve researched the market and have rated the top cryptocurrency wallets in three categories to help you protect your assets and make money from your investments.

What Is a Cryptocurrency Wallet?

Cryptocurrency is not like fiat money. You can neither hold nor see it in its physical form. However, you can still lose it. Like the traditional wallet that holds your valuables, a cryptocurrency wallet works similarly, albeit with more advanced security features.

A cryptocurrency wallet helps you to store the information with which you can access your cryptocurrency. The crypto wallet keeps private keys that give you direct access to your cryptocurrency on the blockchain.

As a trader or an investor, you should be ready to invest significantly in getting the best crypto wallet because the safety of your coins should always be prioritized.

Types of Cryptocurrency Wallets

There are three things we consider when classifying a cryptocurrency wallet. Firstly, a cryptocurrency trader or investor needs a place to store his coins securely. There is no better place for that than a hardware wallet. Hardware wallets or ‘cold wallets’ remain the most secure options for storing cryptocurrencies.

Secondly, like with fiat money, cryptocurrency users may not want their coins to keep sitting idly in their hardware wallet. There will always arise a need to transact with the crypto. That’s where the crypto wallet app or the ‘hot wallet’ comes in.

Finally, if the user loses his hardware or software wallet, a seed phrase recovery wallet acts as the last resort. To match these three use cases for crypto wallets, there are three types of wallets you will need.

Hardware Cryptocurrency Wallet (Cold wallet)

This is the most secure type of cryptocurrency wallet. It is a storage device that you can handle physically and keeps your private keys to access your coins offline. This feature makes it unsusceptible to internet-based hackers.

Mobile Cryptocurrency Wallet (Hot Wallet or mobile crypto apps)

Every cryptocurrency trader wants to transact cryptocurrency daily without stress. While owning a hardware wallet is perfect for security, they are secure because they’re not connected to the internet. Hot wallets offer convenience in daily cryptocurrency transactions. However, they are susceptible to attacks from internet hackers so you need to know you’re using mobile crypto apps that are safe.

The top cryptocurrency wallet in the mobile category may have several security features, but its ratings are more concerned with the ease of use and speed of transactions. For this reason, we advise readers to employ a hybrid approach of storing most of their crypto (or their private keys to access it) securely in a hardware wallet and keep private keys for the coins you want to transact with in a mobile app or ‘hot wallet’.

Seed Phrase Recovery Wallet (metal crypto wallet)

Because in crypto you are your own bank, it is critical to have a last resort when dealing with the security of your cryptocurrencies. While hardware wallets are almost impervious to attack online, they are still susceptible to physical attacks, loss or technology failure. Seed phrase wallets serve as the means of recovering your coins from the blockchain if you lose access to your hot or cold wallet. For optimum security, ensure that you have a seed phrase recovery wallet for each hardware wallet you own.

Top Cryptocurrency Wallet – our pick for your crypto

All three types of wallets we explain above have different specific functions that cannot be understated. Because of the distinct roles played by each type of wallet, we have chosen the top cryptocurrency wallet in each category.

Whether you are a cryptocurrency trader or a long term investor, you should consider getting the best crypto wallet in each category. With all three, you can be sure you’re using our ‘crypto safe system’ and doing everything you can to protect your investment.

Top cryptocurrency wallet – hardware

The most important reason for having a hardware crypto wallet is the security it guarantees. The rate at which users lose their hard-earned cryptocurrency to fraudsters, hackers, fake app wallets is alarming, and cryptocurrency owners should spare no effort to secure and manage their cryptocurrencies safely.

The hardware crypto wallet offers the highest level of security among the other types of wallets. Although security is the most critical feature of a hardware wallet, several other factors also come into consideration. They include the number of cryptocurrency options available, user experience, mobile apps and third party integrations supported, connectivity, size, and cost.

After considering all these, our top cryptocurrency wallet (hardware) is the Ledger Nano X.

Ledger Nano X

Selecting Ledger Nano X as the best crypto wallet (hardware) wasn’t an easy choice. Although Nano X had a wide variety of unique features that make it stand out in its field, several worthy alternatives like Trezor T lost out narrowly. Ledger as a brand stands out among its peers in the hardware wallet sector. Its latest product, Ledger Nano X, is significantly better than Ledger Nano S in user experience, user interface, and security features.

Ledger Nano X is 7.2 x 1.175cm in size. It has top security features with a pin code, secure element chip, and seed recovery phrase generation.

Nano X also has a ledger software validation process used to verify the authenticity of the Ledger device when you buy it. This differentiates its security offering from other hardware wallets.

The Leger Nano X wallet is very versatile as it supports the most coins and integrations with third-party wallets and crypto exchanges. Ledger Nano X also allows you to connect to mobile devices via Bluetooth and cable. Nano X offers Bluetooth mobile connection for both iOS and Android.

Finally, Ledger Nano X has a mobile application called Ledger Live App. The app allows users to monitor and manage their accounts on both mobile and desktop, as well as perform a number of transactions (buy, sell, trade, stake) through its native features and third party integrations. The Ledger Live is the heart of the Nano X wallet and its greatest feature.

Purchase a Ledger Nano X to protect your cryptocurrency.

Top crypto wallet app (software wallet)

While hardware wallets are essential for enhanced security, software wallets are also necessary if you intend to transact regularly or remotely. Software wallets are apps that you can download to you rmobile phone or iPad. Since software wallets are used for transactions, the best crypto wallet in this category was selected based on the security of the wallet, native features, variety of coins and third party integrations supported, transaction fees, speed of transaction, and ease of use.

After weighing up these features across the extensive crypto wallet app market, our top cryptocurrency wallet (software) is the Binance wallet.

Binance Wallet

Mobile wallets are not usually well known for their security features, but Binance Wallet offers a wide range of these features. Apart from the standard password protection, Binance wallet also offers multiple-factor authentication on login and transactions. Binance also has a security feature that whitelists unknown crypto wallet addresses to protect the wallet against hackers. The wallet user can input and see the list of devices allowed to access his account with the device management feature under the wallet settings menu.

In terms of versatility, performance, and function, Binance stands out among its peers.

Binance wallet provides 24/7 support and is compatible with Android and iOS. Binance also caters to beginners and professionals with two types of apps: Binance Lite and Binance Pro. Binance Pro has advanced features for traders with knowledge, while the Lite version is more simplistic to allow the beginner to trade efficiently. Binances range of native features is what makes its software wallet truly stand out from its competitors.

You can trade the spot, margin or futures markets direct from your phone. You can also stake your crypto, earn interest on it, participate in Airdrops and join rewards competitions. It’s a great place to engage in multiple different ways to earn cryptocurrency, directly from the one app.

Binance also allows you to customize the language and currency of the wallet application. Finally, Binance wallet has a QR code generator that will enable you to log in to your account from any web browser.

You can set up your Binance account and download their crypto wallet app right here.

Top Seed Phrase Recovery Wallet (metal crypto wallet)

In order of importance, the seed phrase recovery wallet (or metal crypto wallet) might just be the most important. It is the last layer of protection a cryptocurrency wallet holder has to restore access to their coins on the blockchain. If you lose your hardware wallet and don’t have your seed phrase, you cannot recover your cryptocurrency and it is lost for good.

Seed phrase recovery wallets must be both enduring and secure. In choosing the best crypto wallet in this category, we considered three things: the construction, security features, and ease of use. For the best type of construction, durable materials should be used to make the wallet. The best crypto wallet must also have excellent security features to prevent the loss of data. Finally, the recovery wallet must be easy to use.

Billfodl satisfied all these conditions with ease and was therefore chosen as the top seed phrase recovery wallet.

Billfodl

Billfodl is made from a combination of 316 marine grade stainless steel, iron, and steel. The security against both destruction and unauthorised use is strong as Billfodl wallet has a very thick protective metal casing that is fireproof and waterproof.

It’s also easy to set up the Billfodl wallet. There are tiles that you slide into the casing for each word in your seed recovery phrase. This is easy to do. Once the user slides the seed recovery phrase tiles in the wallet, the wallet can then be closed and locked with a padlock. Our advice is always to store your metal crypto wallet in a secure location separate from your hardware wallet. Remember, if someone has your seed phrase, they can steal your coins.

The best place to buy the Billfodl wallet is directly from the makers – here.

Billfodl wins the rating for best metal crypto wallet in our view

Conclusion

The three types of wallets have very distinct features, but they are all necessary to ensure the safety of your cryptocurrency. The three wallets together form our recommendation for your ‘crypto safe system’ – they give you the maximum protection available as custodian of your own crypto assets. Remember, in crypto you are your own bank. As a cryptocurrency trader or investor therefore, safeguarding your digital assets should be your top priority.

Backed by extensive research, we have selected the top cryptocurrency wallet in each category. Top cryptocurrency wallet Ledger Nano X, Binance wallet and Billfodl are the best of their kind in each category that the market has to offer. For your peace of mind, choose wisely!

Ledger vs Trezor – find out who wins the battle of the best crypto wallet

Crypto KP Crypto insights September 6, 2021December 5, 2021best crypto wallet, Ledger vs Trezor, top cryptocurrency wallet

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:

Content

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
- Price
- Mobile and web integrations
- User experience
- Connectivity
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.

Price

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.

Supported Currencies

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

Winner: Ledger

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

Winner: Ledger

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.

User Experience

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.

Connectivity

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.

Buy Ledger Nano X here.

The Trezor Model T is available through authorised Reseller Privacy Pros.