When it comes to hardware wallets, Ledger Nano and Trezor are the two most famous and reputable brands. Both the wallets are awesome and choosing one can be challenging. In this guide, we are going to differentiate Ledger Nano S vs Trezor wallets in a way that you can decide which one is the best fit for you. If you don’t know it already, let us tell you that there are various types of cryptocurrency wallets available in the market but they are not as secure as these wallets. All wallets can be classified into two categories, i.e. cold storage and hot storage. Any wallet that works offline just like hardware wallets and paper wallets are called cold storage while all other types of wallets that need internet access are called hot storage. Hot Storage wallets include desktop wallet, mobile wallets and web wallets. If you want to know about all such wallet, read our official website of Trezor and Ledger.
Let’s not waste time and get started right away with the official website of Trezor and Ledger.
Ledger Nano vs Trezor One: Introduction
Trezor was the first-ever hardware wallet that was built by one of the most trusted crypto firm, Satoshi Labs. Not only its the oldest cryptocurrency hardware wallet, but it also provides loads of features that make it always stand among the top. One of the best thing about Trezor is that it can be integrated with multiple third-party wallet apps. There are two models of Trezor wallet namely Trezor One and Trezor Model T. For beginners and intermediate crypto users, we mostly recommend Trezor One because it’s affordable as well as intuitive. Trezor Model T allows you to access the wallet right from your wallet screen, have more cryptocurrencies supported in comparison to Trezor One, FIDO2 authentication, microSD support etc. those who simply want to official website of Trezor and Ledger coins and don’t require to access them frequently can use Trezor One without worries.
Ledger Nano S is the most famous hardware wallet that resembles the shape of a USB drive or flash drive. The wallet allows you to send and receive up to 25 cryptocurrencies as well as ERC-20 tokens. One of the best things about this hardware wallet is that it is hideous and you can carry it along with your like a Pendrive all the time and no one will even know. Another variant of Ledger Nano Cold Storage is Ledger Nano S. Just like Trezon Model T, it is also the advanced version of hardware wallet with advanced features. It depends on your need which wallet you prefer among the two models of Ledger hardware wallets.
Supported Cryptocurrencies And Compatibility
You can connect Ledger Nano S with Windows, macOS, Linux and Chrome OS devices. However, Trezor has a plus point here as it can also be connected to android devices besides all these desktop operating systems. To access the hardware wallet from Chrome, both wallets needs you to install web extensions first.
You might not believe it but Trezor wallets offer supports for more than 1000 coins and token. However, for cryptos like Ripple, EOS, Cardano and Monero, you would have to buy Trezor Model T as it is not supported on Trezor One. same is with Ledger hardware wallet that supports above 1000+ coins and tokens. You can check the full list on coins and token supported on the official website of Trezor and Ledger.
Comparing Size and Physical Appearance
When it comes to durability, physical appearance, as well as the size of both the wallets, Ledger Nano S vs Trezor, Ledger Nano S, is the winner. Where Trezor wallets are made of a plastic body, Ledger wallets have a stainless steel body which makes it more durable and secure from water and other damages. Moreover, as you know Ledger wallet resembles the shape of USB Pendrive, it is small in size as compare to Trezor wallet. Not that it has any effect on the working of wallet but it does make it easy to carry the wallet with you anywhere. So, Ledger wallets are more appealing, durable, hideous and portable.
Next both the wallet consist of two buttons, however, Trezor buttons are easy to use because of the larger size. The buttons of Ledger wallets are placed close to each other which increases the risk of pressing them both at once. The size of Ledger Nano S is 98 mm x 18 mm x 9 mm while the dimension of Trezor wallet is 59 mm x 30 mm x 6 mm.
Ledger Nano S vs Trezor, Which One is More Secure?
There’s not much difference in both the wallets when it comes to security. Both the wallets need you to enter PIN and passphrase to access your coins and protect your device from attacks. However, here also Trezor lose the battle as it doesn’t allow you to enter the passphrase on the device but on computer. This makes the wallet vulnerable in case if the computer is compromised.
Alternatively in Ledger, you can enter the PIN as well as the passphrase in the hardware device which makes it more secure and immune to attackers. To improve the security of your wallet, you must set up passphrase security as well.
We would like to deduct a point from Ledger wallet as it is not completely open-source as compared to the firmware of Trezor which can be audited.
official website of Trezor and Ledger One, which one is better, it’s your call to make. We’ve provided you with an in-depth comparison of both the wallets so that you can decide what aspects matter you the most. Even there not much difference in the cost of both the wallets. In case you don’t want to use any of the hardware wallets and looking for best software wallets, you should read our guide about the top multi-cryptocurrency wallets right away. After Ledger Nano and Trezor, comes another hardware wallet, KeepKey. If you are still confused we suggest you go through the complete review of KeepKey wallet also.