The answer to this question can only be found after a comprehensive analysis and having a clear understanding of what features you are actually looking for in your crypto wallet.
Since Ledger and Trezor wallets belong to the category of hardware wallets, sometimes, it can be hard for individuals to figure out which one is better. Hence, we have created this thorough guide wherein you will get a comprehensive overview of Ledger vs Trezor. After reading this comprehensive analysis, I am sure you will come to a definite conclusion. So, let’s begin. But first, understand why you should choose a hardware wallet instead of a software one.
Why is a hardware wallet a better choice for crypto?
As we know that cryptocurrencies are highly valuable assets, therefore, it is important that you take strict precautions to safeguard them. There could not be a better security model than choosing a hardware wallet. The main reason why everyone should use a wallet like Ledger or Trezor is that it ensures crypto security by keeping your assets completely offline.
Besides that, hardware wallets pose no risk to your crypto security because no traces of your assets are available online. Moreover, these wallets also come with high-end security features, support for multiple assets, and more.
A Brief Overview of Trezor vs Ledger Wallet
Check out the table below and take a glance to easily figure out which wallet you might go ahead with:
| Points of comparison | Trezor | Ledger |
| Wallet Type | Cold | Cold |
| Currencies supported | Up to 1,456 (based on models) | 5,500 + |
| Cost | $59 to $179 | $79 to $279 |
| Exchange support | Yes | Yes |
| Mobile app | Not Any | iOS/Android |
| Bluetooth connectivity | Not Supported | Only on two models |
Trezor vs Ledger: Comparison based on features
- Appearance: Talking about Ledger wallet models, they generally have a sleek resemblance to a USB storage device. However, if we particularly talk about the Ledger Stax model, it looks more like a smartphone. This model also has a touchscreen on the front. On the other hand, Trezor wallet models are lighter as they are made up of plastic casings and interesting shapes.
- Compatibility: When it comes to compatibility with other devices, both are compatible with Windows, Mac, and Linux devices. You can also check out the display resolution of different models if you wish to compare them on the basis of that.
- Connectivity: Talking about this feature of the wallet, both Ledger and Trezor offer USB connectivity. However, Ledger is one step further in this regard because two of its models feature Bluetooth connectivity.
Trezor vs Ledger: Comparison based on currency support
Without comparing the support for cryptocurrencies each wallet offers, it is impossible that you can figure out which wallet is better than the other. In this scenario, you might want to choose Ledger because it supports more than 5,500 crypto assets. On the flipside, Trezor supports 1,289 or 1,456 crypto assets based on the model you are using.
Remember: Before checking any other feature of a crypto wallet, make sure to check whether the cryptocurrency you own is supported or not. There is no point in picking a good wallet if it does not support the assets in your possession.
Security features of Trezor vs Ledger wallet
Hardware wallets, be it a Ledger or Trezor wallet, come with strong security features. Both these wallets are known for keeping our crypto assets offline, posing no risk to the security aspect. Besides that, these wallets also ensure that your private keys never leave the safe space of your device.
While a Trezor device is built on a single-chip base, the Ledger device is built on a double-chip base. After researching further, we also got to know that Ledger’s second chip comes with a bank-grade Security Element (SE), which offers an additional layer of security to fight against hardware-based attacks.
Which one is better: Trezor or Ledger?
Well, the choice is completely yours. However, you can differentiate between the two wallets and come to a conclusion by considering factors such as your budget, feature presence, coin support, and more.
FAQs:
Can Ledger or Trezor be hacked?
At times, vulnerability in the security structure can lead to wallets getting hacked. However, it is also your responsibility to ensure that you keep your private keys and wallet passphrase safe.
Is “Ledger Recover” an option service?
Yes, it is an optional or opt-in service for which you need to pay separately, and it is completely your choice whether you wish to activate this service or not.
Is a hardware wallet recoverable?
Yes, if you have the correct passphrase or secret recovery phrase (SRP) of your wallet, then you can easily recover it.
Disclaimer:
This article has been published with the aim of providing necessary information to readers. However, you should not consider it to be any kind of financial advice and choose your wallet on the basis of your own personal understanding.
By
