This Trezor vs Ledger review is about
storing crypto with online wallets has become more insecure and some crypto users have switched to the hardware wallets. With the hardware wallet, your crypto funds are more secure as they’re stored offline which makes them less vulnerable to hackers, viruses, malware, etc. The most popular hardware wallets are Ledger and Trezor.
Both hardware wallets offer similar features on the security aspect. And both of them offer two models of the hardware device wallets. These two models have different pricing and offer different features, options on each model.
This article will give you more information about Trezor and Ledger. We will go through the cryptocurrencies supported on each model, exterior design, and wallet’s design. Also, we will explain the integration with other devices, the security of the wallets, and more.
Ledger Supported cryptos
Ledger Nano supports the most dominant coins in the crypto market. But not all crypto coins are available for both models. Most of the major cryptos such as Bitcoin, Ethereum, Ripple, Litecoin, Stellar, Monero are supported.
Ledger Nano X model supports 25 cryptocurrencies and more than 1000 ERC20 tokens. The full list of available crypto is listed below:
Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Dogecoin (DOGE), Stellar (XLM), Zcash (ZEC), Ripple (XRP), Dashcoin (DASH), Stratis (STRAT), Komodo (KMD), Ark (ARK), Expanse (EXP), Ubiq (UBQ), Vertcoin (VTC), Viacoin (VTC), Neo (NEO), Stealthcoin (XST), Hcash (HSR), Digibte (DGB), Qtum (QTUM) and PivX (PVX).
The older model Ledger Nano S supports 16 cryptocurrencies and over 1250 ERC20 tokens:
Bitcoin (BTC), Bitcoin Cash (BCH), Binance Coin (BNB), Cardano (ADA), Dashcoin (DASH), Dogecoin (DOGE), Eosio (EOS), Ethereum (ETH,) Ethereum Classic (ETHC), Litecoin (LTC), Monero (XMR), Ripple (XRP) Stellar (XLM), Tether (USDT), Tron (TRX), Vertcoin (VTC) and Zcash (ZEC).
Trezor Supported cryptos
The competitor of Ledger hardware wallet, Trezor, offers more crypto coins and also offers ERC20 tokens. Some of the major crypto coins on both models are listed below. To see the full list of 1392 crypto coins and tokens, follow the Trezor link Here: Trezor List
Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Stellar (XLM), Dash (DASH), Dogecoin (DOGE), Zcash (ZEC), Lisk (LSK).
Ledger Nano offers two models of hardware wallets with different features and prices for each model. Both models offer most of the major cryptocurrencies. When it comes to features they vary from the other model.
- Ledger Nano S costs $59 USD
- Ledger Nano X costs $119 USD
Ledger Nano S Models
Released in 2016, Ledger Nano S is one of the most popular hardware wallets with millions of devices sold. It supports the major crypto coins and in total supports 25 cryptocurrencies. Nano S model uses a USB-B cable to connect the model with computer or phone devices.
Ledger Nano S model does not offer WiFi or Bluetooth connection. And during the process of adding new crypto assets on your wallet, it requires to do the process manually. It uses plastic material and brushed stainless steel.
Ledger Nano S can be used on Windows, Mac, Linux, Android devices, and iOS devices. As the operating system, Ledger Nano S uses the BOLOS system. You can choose different colors for the Ledger Nano S, such as Blue, Green, Yellow, Pink, Transparent, and Black.
Ledger Nano X Model
In the other model, Ledger Nano X is not as popular as the Nano S model. But offers more features such as WiFi and Bluetooth integration. Ledger Nano X can be purchased only with black color design. It uses the same operating system as BOLOS.
The device has a screen size of 30 x 13 millimeters and the battery of the device uses a capacity of 100 mAh. To connect the Ledger Nano X with your device, a USB-C cable is needed. In total 23 cryptocurrencies are available to store crypto funds on your Ledger Nano S wallet.
Trezor hardware wallet is available on two models. Both models support the same crypto assets and ERC20 tokens. However, the newer model offers more options in design, navigation screen, but costs more.
The Trezor T Model
The Trezor T model is named by Trezor as a “next-generation” hardware wallet. The reason behind that could be because it is the newest model and supports more features and a different design than the other model.
The trezor T model is available on in the black color and it’s made with durable materials that don’t contain harmful chemicals or toxins. Trezor T model supports more than 1000 crypto coins and ERC20 tokens. The model uses an LCD display screen which uses also RGB colors as decoration.
All the processes on the wallet can be navigated with the touchscreen. It requires a USB-C cable to connect the Trezor wallet with your computer or phone device. Trezor T model allows MicroSD cards to store more storage on the wallet. And the storage is encrypted to ensure that details inside the storage are not compromised.
With the Trezor T model, you can use the “Shamir Backup” method to split the recovery seed phrase into multiple unique shares. The hardware device weighs 22 grams in total and the dimensions of the device are 64 x 39 x 10 millimeters.
Trezor One model is the first hardware device model released by Trezor in 2014. Similar to Trezor T model cryptos assets supported, Trezor One offers 1000 crypto coins and ERC20 tokens too. The One model does not use an LCD display screen but uses an OLED screen.
Trezor One model requires a USB-B cable to connect your device with the Trezor wallet. Trezor One model uses the ARM Cortex-M3 processor and in total, Trezor One model weighs 12 grams. The available colors to choose in the T model are white and black.
Design & Interface
Ledger Design & Interface
Ledger Nano hardware devices have a form of a USB device. The main colors used on the Ledger device are black and white. The Ledger device uses a small size than the Trezor hardware wallet. The package includes also a manual guide to guide you through the Ledger Nano setup.
Navigating the wallet on screen it’s possible only with the buttons and not a touchscreen. When it comes to the user interface on the “Ledger Live” wallet, the design uses mainly white color. The interface on the wallet it’s easy to use and navigate through menus on the left side of the wallet.
Trezor Design & Interface
Trezor design on the exterior design is based on black color. The Trezor devices look similar to a watch and the sizes compared with the Ledger are almost the same. You can use the touchscreen to navigate on the Trezor device. Also, the design on the “Trezor Bridge” wallet uses a similar design as Ledger.
A hardware wallet is more secure to use as the crypto funds cannot be stolen easily as an online wallet does. But to ensure even more protection for the user, Ledger offers some advanced security features that will keep your wallet very secure.
You can use the PIN Code during the setup process of the Ledger wallet, The PIN Code on the Ledger devices is 4 digits and can contain only numbers. By using the PIN Code, your wallet can be more secured from unknown persons accessing your wallet.
The other feature that acts as a second password is the passphrase feature. With the passphrase, you can add extra level security on your Ledger wallet. You can configure the passphrase feature on the Ledger Live wallet. The passphrase characters can be a maximum of 100 characters and you can add more than one passphrase on the wallet.
During the setup process of the Ledger device, you will have the option of the recovery seed phrase. The recovery seed phrase is long 24 words. By using the recovery seed phrase, you can recover your Ledger wallet in case your account is stolen or you cannot access the wallet. The restore process is easy, as you have only to create a new wallet, write the recovery phrase, and import the funds from the lost or stolen wallet.
Almost the same security features are available on Trezor device, expect that you have a feature to secure your password. With the “Trezor Password Manager”, your crypto wallet passwords are stored on the Chrome browser extension. The passwords stored on Google Drive or Dropbox are encrypted.
If you lose access to passwords on the extension, the only way to recover them is with the recovery seed phrase. The passphrase feature is available on the Trezor wallet too. Ledger allows you to create the passphrase by writing the characters from the user. But Trezor generates random characters with words or numbers.
PIN Code can be set up with Trezor devices too. You can do that during the Trezor device set up. The recovery seed phrase can be used to recover access to your Trezor wallet. To offer you more protection of the seed phrase, Trezor is the first hardware wallet that supports the “Shamib Backup”.
With this backup method, the recovery seed phrase “splits up” into several word lists (shares). Also, you can use the “Wipe Key” to erase the PIN Code or the recovery seed phrase. This can be done with the self-destruct PIN Code. After erasing the PIN code, you cannot reset it anymore.
Ledger Live application is available for Desktop, Mac, Linux, Android, and iOS devices. You can connect the wallet by downloading the desktop application. And for mobile smartphones, you can download the app from Google Play Store or Apple Store. On the Ledger Live wallet you can manage the cryptocurrency portfolio, manage your transactions, set custom fees, etc. On the mobile app, you need to confirm the transaction with the Ledger device to send crypto to other wallets.
Connecting the Trezor device with your wallet requires a USB-B or C cable depending on your Trezor model. Then you can install the Trezor Bridge extension on a Chrome or Firefox browser. You can also connect the Trezor device with a WebUSB. But Trezor recommends the user to use the Trezor Bridge extension.
For connection with Android devices, you need to use an On-The-Go (OTG) cable and connect the Android device with the Trezor device. Using the Android device as a wallet is possible only to view transactions, check your crypto balance, etc. But sending or receiving cryptos from other wallet addresses is not possible.
With the Trezor Bridge wallet, you can send or receive crypto funds from other wallet addresses. You can check your total crypto balance, view transactions, configure passphrases, etc.
Ledger Nano S
- Ledger Nano S device
- Paper wallet
- USB cable
- Manual guide
Ledger Nano X
Trezor One package model contains the following items:
- Ledger Nano X device
- Manual guide
- USB cable
Trezor T model contains these items in the package:
- Trezor T device
- Model T magnetic dock
- USB-C cable
- 2x Recovery seed card
- Trezor stickers
Trezor One package model contains the following items:
- Trezor One device
- Micro USB cable
- 2x Recovery seed card
Deciding which hardware device can be tough for you as both wallets offer similar features. Both hardware wallets support multiple devices with the expectation of iOS devices that cannot be connected with the Trezor wallet. The price for the newer models may cost more but they offer more features and options.
However, if you have a tight budget, then using the older models Ledger Nano S and Trezor would not affect your security which is more important. The older models can be connected on different devices and since there’s no WiFi or Bluetooth supported for the Ledger Nano S model, it makes the device less more exposed to hackers.
As a summary, we can recommend both hardware wallets but personally I use the Trezor T. But make sure to order from the device that you choose from the official website as it’s safer. If you enjoyed this Trezor vs Ledger article we would also recommend our individual Trezor Review 2020 or Nano Ledger S Review.
Image via shutterstock, Writer Behar H.