Every cryptocurrency trader or investor should buy a cryptocurrency hardware wallet. In a time when third-party wallets and exchanges are prone to hacking every day, hardware wallets take the security of your cryptocurrencies very seriously. Many have paid the price of not taking their coins seriously. Now to avoid regret use hardware wallets.
Hardware wallet is a type of a cold wallet. Other cold wallets are paper wallets and physical coin. They are impossible to hack unless you become careless with the backup keys. Here are best hardware wallets in 2018 which includes Ledger and Trezor.
Ledger currently offers only one product and that is Ledger Nano S.
Ledger Nano S
Ledger Nano S is a multiple cryptocurrency hardware wallet. It supports Bitcoin, Ethereum, Litecoin and other altcoins.
Trezor currently offers Trezor One and Trezor Model T.
Trevor One and Trezor Model T both supports all major coins as well as ERC 20 coins.
Now let’s compare Ledger and Trezor –
I compared these devices based on a variety of factors from the looks to hardware, from software to extra features.
1. Built-in display
It would be a grave mistake it Ledger or Trezor hadn’t included the built-in display. It looks good and helps us to quickly check the balance. Every cryptocurrency hardware wallet has to have a display; it is the biggest selling point.
Both Trezor and Ledger have different displays that suit the specifications. They both display important notifications too.
Ledger Nano S offer following coins – Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, Litecoin, Dogecoin, Zcash, Ripple, dash, Stratis, Komodo, Ark, Expanse, Ubiq, Vertcoin, Viacoin, Neo, Stealrhcoin, Stellar, Hcash, Digibyte, Qtum, and PivX.
Trezor One and Trezor Model T support Bitcoin, Litecoin, Ethereum, Ethereum Classic, Zcash, Dash and ERC 20 tokens totaling more than 200 entities.
To stay relevant in this race, they need to add new cryptocurrencies from time to time. The top 100 cryptocurrencies may find their place on Ledger and Trezor in near future.
I think Trezor wins round hands down because it offers ERC 20 coins compatibility.
3. Security and Backup
Your valuable cryptocurrencies are locked by a PIN code in an isolated environment. Easy restoration of a Ledger wallet as the account is backed up on recovery sheet.
Same goes for Trezor, you can purchase a recovery sheet for yourself too. This level of Ledger vs Trezor war is won by both.
Ledger Nano S wallet can be integrated with MyEtherWallet, GreenBits, BitGo, Electrum, Mycelium, and Copay.
What you get in the box?
There are plenty of things inside the package and those are –
- Ledger Nano S
- USB cable
- Recovery Sheet
Moving on to Trezor One,
The package Includes Trezor hardware wallets and accessories. there are also additional accessories which you have to buy separately. The accessories are –
- Cable for Android phone for 5 EUR
- Cryptosteel for TREZOR for 79 EUR (an alternative to paper backup)
Here Ledger vs Trezor comparison shifts to one side and that is towards Ledger as it offers important integrations.
Here are the specifications of Ledger Nano S –
Ledger Nano S
a. Dimensions 98mm x 18mm x 9mm.
b. Weight 16.2g.
Windows (7+), Mac (10.9+), Linux or Chrome OS. Requires Google Chrome or Chromium, and one USB port to plug your Ledger Nano S.
d. Microcontrollers and connector
Connector: USB Type Micro-B.
Certification level: CC EAL5+.
Chips: ST31H320 (secure) + STM32F042.
Ledger Nano S is brushed with stainless steel and Plastic.
Trezor offers two products – Trezor One and Trezor Model T.
a. CPU 120 MHz embedded ARM processor (Cortex-M3)
b. Screen Bright OLED – 128×64 pixels
c. Size 60mm x 30mm x 6mm
(2.4 x 1.2 x 0.2 in)
d. Weight 12g (0.42 oz)
e. Temp -20°C to +60°C
(-4°F – +140°F)
f. Connection Micro USB to desktop or mobile
g. Desktop Windows, macOS, Linux
h. Mobile Android
i. Certified CE and RoHS certified (quality, reliability and environmental standards)
Trezor Model T
- a. Dimensions & Weight –
- Size: 64 mm x 39 mm x 10 mm (5.9 in x 4 in x 0.8 in)
- Weight: 16 g (0.56 oz)
- b. Operating temperature –
- -20°C to +60°C (-4°F – +140°F)
- c. Connectivity –
- USB-C connector for connecting to the computer or mobile phone.
- d. CPU –
- 168 MHz embedded ARM processor (Cortex-M4) running a custom developed system, the TREZOR Core.
What do you think who wins this level of Ledger vs Trezor war? I think Trezor because you can connect it to USB C type device.
The price of Ledger Nano S is 79 Euros excluding shipping fees, whereas the price of Trezor One is 89 EUR excluding fees. Remember prices increase beyond $100 when you include shipping fees.
I think the difference is just 10 Euros, and both have unique features of their own. No one wins this level.
Both Ledger and Trezor came out victorious.
Read individual reviews on crypto forums if you are feeling uneasy to spend about 80 Euro average. But one is sure, both the products will surely aggrandize your crypto experience. Both have specifications that carry individual benefits and can handle issues of their own like heat.