In the past, we have gone through the different wallets for your crypto coins. We also learn the hardware wallet is the best cryptocurrency wallet as compared to others.
So now we will further get deep inside and find out the best between Ledger and Trezor. So let’s see who wins the match. Ledger Nano S vs Trezor. Stay tuned.
Well, we all know that cryptocurrencies are becoming one of the most famous investments. They are growing each day and the value of cryptocurrencies are no joke, they are actually compared to gold and other luxury things.
But when the value of something is higher, we seek for secure storage to store our valuables. For example, in banks we have lockers, also other personal lockers that we can purchase and add a security pin for it to unlock.
Likewise in cryptocurrencies, since they are values we have many options to keep them safe and secure. Some of the options are web wallets, software wallets, hardware wallets, and many platforms that are actually providing free of cost online.
But it is not a good idea to trust them as you don’t run that particular company or website.
Why hardware wallets are best?
Compared to other options like software wallet, web wallet, a hardware wallet is best because it is offline. Almost all stolen cases of coins are usually because of the internet, making it easy to hack.
Whereas in a hardware wallet, it is kept under your control and the hacking percentage is very very less. You have total control over your wallet. You can later connect to the internet for the usage of them.
So now we will look at both the hardware wallets and compare both of them.
Ledger Nano S
Ledger Nano S is a hardware wallet, controlled by USB connectivity, that is used for the storage of and transactions in popular cryptocurrencies like Bitcoin, Ethereum, and other popular altcoins like Litecoin, Bitcoin Cash, ZCash, etc.
It includes firmware-level support for companion apps for various cryptocurrencies that allow users to send and receive cryptocurrency payments, check their accounts, and manage multiple addresses for each cryptocurrency from the same device.
Trezor is a hardware wallet producing company which was known as the first platform to provide hardware wallet for storing cryptocurrencies. It was found in 2014 by Alena Vranova. Trezor comes with many beneficial features for coin holders.
The main motive behind the creation of this wallet is to provide secured transactions that are made through the internet.
Ledger Nano S vs Trezor
Trezor is bigger than Ledger Nano S. But it makes no sense to me in selecting a particular wallet.
- Ledger Nano S : 59 mm x 30 mm x 6 mm
- Trezor : 98 mm x 18 mm x 9 mm
This is a good criteria if you are fond of altcoins.
- Ledger Nano S: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Bitcoin Gold, Litecoin, Dogecoin, Zcash, Ripple, Dash, Stratis, Komodo Ark, Expanse and Ubiq.
- Trezor: Bitcoin, Ethereum Classic, ERC-20 Tokens (tokens on the Ethereum blockchain) Expanse, UBIQ, NEM, Namecoin, Dogecoin, Testnet Bitcoin, Litecoin, DASH, Zcash, Bitcoin Cash, Bitcoin Gold, Ethereum.
Please note that Trezor does not provide full software support for all these coins. For example, you have to use MyEtherWallet or a similar application to store Ethereum in and ERC-20 tokens in Trezor.
So clearly Ledger Nano S beats Trezor here. In addition, Trezor doesn’t support one of the popular crypto that is Ripple. I hope it may get updated soon.
This one of the most important factor for middle classed peoples who invest in Bitcoin and other cryptocurrecy.
- Ledger Nano S
Its price on the official store of Trezor is around $70, with shipping charges excluded.
You can buy it on amazon.in for $85.
Its price on the official store of Trezor is around $55, with shipping charges excluded.
You can buy it on amazon.in for $78.
NOTE: The prices are taken from official websites while writing the article. It may vary from time to time.
So here, Trezor beats Ledger Nano S with a big margin. We recommend you to buy any wallet from official website only.
There are other factors too like display, weight, appearance, etc. but we are skipping those because it should not matter for you. You need a hardware wallet to store cryptos, not to show off.
We personally like Ledger Nano S due to the number of coins supported. But if you don’t have any altcoins than you can prefer Trezor.
So tell me which wallet would you prefer, Ledger Nano S or Trezor.