Ledger vs Trezor Comparison 2024: Which Takes the Lead?

Key Takeaways:

1. Ledger devices are like USB drives, while Trezor devices have a plastic case and a unique shape. Ledger devices have a small, black-and-white OLED screen, while Trezor Model T has a large, colorful touchscreen. Ledger Nano X and Ledger Stax can connect to Bluetooth and a mobile app, while Trezor can’t.
2. Ledger devices have a Secure Element chip (CC EAL5+) and a custom operating system, which is similar to the ones in credit cards or passports. Trezor devices have open-source software and firmware, which let anyone check the code and contribute to its development. Both devices let users create hidden accounts with the same recovery phrase.
3. Ledger takes the lead in supporting more than 5,500 coins including ERC-20 tokens and NFTs, while Trezor supports only 1,400 cryptocurrencies. Both devices have built-in exchanges that let users buy, sell, and swap cryptocurrencies within their apps

Ledger vs Trezor: Cold Wallet Comparison

	Ledger	Trezor
Security	SE chip, PIN protection, and two-factor authentication.	ARM Cortex-M4 embedded-arm processor, open-source, Shamir backup
Supported cryptocurrencies	5,500+	1400+
App	Ledger Live	Trezor suite
Price	$79 to $279	$69 to $219
Compatibility	Windows, macOS, Linux, Android, and iOS devices.	Windows, macOS, and Linux
Open-source software	No	Yes
NFT Storage	Yes (Polygon and Ethereum NFTs)	No
Customer support	Provides customer support through email, phone, and online chat.	Provides customer support through email and online chat.
Additional features	Bluetooth, Touch screen model (Ledger Stax), NFTs, DApps	NFTs, Staking, DApps

Ledger Review: Portable Crypto Hardware Wallet

Ledger is a company that provides hardware wallets and cold wallets for crypto assets. It is trusted by more than 6M+ users worldwide. It offers various products, such as Ledger Nano X, Ledger Nano S Plus, and Ledger Stax, that allow you to buy, swap, stake, manage, and access your crypto and NFTs in one app.

You can also use Ledger Live app to track the latest crypto prices, verify the authenticity of your device, and access Web3 apps. The app works on computers and mobile devices, like phones and tablets, and it can be used on different operating systems like Windows, Mac, Linux, Android, and iOS.

Ledger is known for making really secure crypto wallets, and they’ve been checked and approved by a cybersecurity agency in France (ANSSI).

Ledger Pros and Cons

Pros	Cons
Cold storage (offline wallet)	not support small cap coins
Top crypto coins available	support less blockchain than a software wallet
Bluetooth connectivity	small display
Affordable pricing for basic model

Ledger Models

1. Ledger Nano X: This is a portable device that allows you to store and manage multiple cryptocurrencies on the go. It has a built-in Bluetooth feature that allows you to connect it to your mobile phone, making it easy to access your cryptocurrencies even when you’re away from your computer. It also has a “Ledger recover‘ feature.
2. Ledger Nano S Plus: This is a smaller, more budget-friendly version of the Nano X. It doesn’t have a Bluetooth feature, but it still allows you to store and manage a similar number of cryptocurrencies.

Must Read: Ledger VS SafePal: Which is More Secure?

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Trezor Review: The Safest Bitcoin Cold Storage

Trezor is a company that produces hardware wallets for Bitcoin and other cryptocurrencies. With the Trezor Suite app, you can easily access your coins, swap assets, monitor your balance, and protect your privacy.

Trezor wallets are also based on open-source code, which means you can check the code and trust the device. Trezor has two types of hardware wallets: Trezor One and Trezor Model T.

Pros & Cons of Trezor wallet

Pros	Cons
Cold storage with Shamir backup	Only supports 1400 crypto coins
safe and reliable	No secure element chip
portable and easy to use
Touch screen display (Model T)

Trezor Models

1. Trezor One: This is the original Trezor hardware wallet and is suitable for storing a wide range of cryptocurrencies. It features a small, compact design and a simple user interface.
2. Trezor Model T: This is the latest Trezor hardware wallet, designed for professional and enterprise users. It supports a wide range of cryptocurrencies and features a touchscreen display, making it easy to use.

Also Read: SafePal S1 Hardware Wallet Review

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Ledger vs. Trezor: Key Differences and Similarities

Ledger vs. Trezor: Price

The price of the Trezor Model One and Ledger Nano S Plus is $69  and $79 respectively. These two gadgets each contain a small display and two physical buttons.

Trezor and Ledger both sell superior hardware, yet they look and cost quite differently. Trezor Model T costs $219, which is more expensive than the Ledger Nano X ($149). The Ledger Nano X display is tiny and barely larger than the Nano S gadget, while the Trezor Model T includes a color touchscreen that makes it easier to operate.

Devices	Price
Ledger Nano S Plus	$79
Trezor Model one	$69
Ledger Nano X	$149
Trezor Model T	$219

Winner: Trezor Model One is more affordable than Ledger Nano S Plus.

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Ledger vs. Trezor: Display, Weight, Dimensions

Feature	Trezor	Ledger
Display	LCD touchscreen (240×240 pixels)	OLED screen 128 x 64 pixels
Weight	22g or 12g	34g or 22g
Battery	No battery	100 mAh (up to 8 hours battery life)
Dimensions	64 x 39 x 10mm or 60 x 30 x 6mm	72mm x 18.6mm x 11.75mm
Connectivity	USB-C or micro-USB	USB Type-C , Bluetooth, wireless (Ledger Stax)

In terms of display, the Trezor offers an LCD touchscreen with a resolution of 240×240 pixels, while the Ledger features an OLED screen with a resolution of 128 x 64 pixels. Trezor comes in two options: either 22g or 12g, whereas the Ledger is available in two variants as well, weighing 34g or 22g.

In the battery department, the Trezor doesn’t have a built-in battery, whereas the Ledger boasts a 100 mAh battery that provides up to 8 hours of battery life.

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Ledger vs. Trezor: Security

Ledger devices have a Secure Element chip, which is a hardware component that resists physical and digital attacks and keeps your private keys safe. They also have BOLOS, a custom operating system that separates applications from each other and stops malicious code from affecting the device.

Ledger wallets also need a PIN code to unlock them and have optional passphrase protection. They are checked by Donjon, an internal security lab that does thorough analysis and penetration testing on the devices and software.

Ledger Hack 2020:

Ledger had a cyberattack in July 2020. One million email addresses were among the approximately 272,000 clients whose data was compromised. According to the firm, personal data including first and last names, postal addresses, and other information was compromised. However, user funds were never compromised.

Trezor wallets have a microcontroller, which is a hardware component that creates and stores your private keys offline. The devices have open-source firmware, which means you can check the code and trust the device.

Trezor devices have a large screen and buttons or touchscreen for confirmation and verification of transactions. They also need a PIN code to unlock them and have optional passphrase protection. Trezor wallets are also checked by external security researchers and offer bug bounties for finding vulnerabilities. Trezor also has a shamir backup that splits your recovery phrase (12-14 words) and stores it in different places.

Winner: Trezor has some extra security features like Shamir backup and password manager, whereas the lack of a secure chip is a simple drawback.

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Ledger vs Trezor: Supported Coins

Ledger supports more than 5,500 coins and tokens, while Trezor supports 1,400 coins and tokens. Both wallets let you hold popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dogecoin, and Stellar.

However, Ledger has an edge over Trezor in terms of working with other 50+ software wallets and blockchains, such as Binance Smart Chain and Ethereum wallets. This means you can hold new coins that are not directly supported by Ledger.

	Ledger	Trezor
Supported Coins	5,500+	1400+
ERC-20 blockchain	yes	yes
New bitcoin addresses after the hard fork	yes (segwit, Bech32)	yes (segwit, Bech32)
Support BTC Legacy address	Yes	yes

Winner: Ledger supports more digital assets than Trezor.

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Ledger vs. Trezor: Staking and Earn

Ledger wallets allow you to stake some tokens, such as ETH, SOL, ATOM, and DOT, directly from its Ledger Live software.

Trezor does not provide a direct staking feature, but you can link your Trezor wallet to third-party Web 3 wallets (such as Exodus wallet or MetaMask) to join staking. Ledger has more coins to stake than Trezor.

Winner: Ledger supports staking, whereas Trezor doesn’t.

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Ledger and Trezor: Android/IOS Apps

The Ledger Live software, which can be downloaded for desktop or smartphone devices, is required to use Ledger gadgets. Users can transfer and purchase digital assets, control their wallets, and check their cryptocurrency holdings in real-time.

Trezor doesn’t presently have a mobile app, therefore users must instead download the appropriate Trezor Bridge or Chrome extension for their operating system. As a desktop application, Trezor provides the Trezor Suite, which gives users access to portfolio data and the integrated exchange.

Related: How To Set Up Ledger Nano X?

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Winner: Trezor vs Ledger (Which one should you buy?)

Category	Winner	Reason
Display Size	Trezor	Trezor offers a large display with touch screen
Token supported	Ledger	Ledger Nano X supports more than 5,500+ cryptocurrencies
Mobile Apps	Ledger	Ledger offers both IOS/Android apps while trezor does not
Security	Both	Ledger and trezor offer military-level encryption
Hardware cost	Trezor	Trezor Model One costs only $69
Connectivity	Ledger	Ledger offers app connectivity using Bluetooth
Portable	Both	Both devices are small and portable

Ledger vs. Trezor: Comparison between Hardware wallets

Ledger offers three hardware wallet versions-

1. Ledger Nano S Plus
2. Ledger Nano X
3. Ledger Stax

Trezor also offers two different models

1. Trezor model one
2. Trezor Model T

Ledger Nano S Plus vs Ledger Nano X

Trezor Model One vs Trezor Model T

Full comparison: Trezor One Vs Model T

Ledger Nano X vs Trezor Model T: Premium models

Features	Ledger Nano X	Trezor Model T
Device cost	$149	$219
Interface	OLED display	Touchscreen
Security	CC EAL5+	FIDO2 & U2F authentication standards
Supported coins	5,500+	1456+
Apps	Mobile and desktop App	Only desktop and chrome extension
Connection	Bluetooth and USB-C	USB-C

Read a detailed comparison between Ledger Nano X and Trezor Model T

Ledger Nano S Plus vs Trezor Model one: Basic Versions

Features	Ledger Nano S Plus	Trezor Model One
Hardware Cost	$79	$69
Connection	USB-C	USB-A
Wallets support	50+ software wallets	20+ software wallets
Apps	Mobile app	only desktop app
Certifications	CC EAL5+	Established U2F security technology

Related: Trezor Model One Vs Ledger Nano S Plus Comparison

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What is a Hardware wallet?

If you want to keep your crypto assets safe, you need a hardware wallet. This is a device that looks like a USB or Bluetooth gadget. It holds your private key, which is the code that lets you access and control your crypto assets on the blockchain.

Hardware wallets are offline, so hackers can’t steal your private keys. You can also use hardware wallets to sign transactions and use different blockchain networks. You just need to plug your hardware wallet into your computer or smartphone and enter a PIN code or use biometric authentication.

Hardware wallets are very secure and easy to use. Some of the best hardware wallets are Ledger Nano X, Trezor Model T, Keystone Pro, and ELLIPAL Titan cold wallet.

Types of Crypto Wallets

Simple-to-use applications and more sophisticated security solutions are both available as crypto wallets. The primary wallet categories include the following:

1. Paper wallets: Keys are recorded on a physical medium, such as paper, and kept in a secure location. Naturally, this makes utilizing your cryptocurrency more difficult because, being digital money, it can only be spent online.
2. Software Wallet: Look for software or an app that stores keys and is secured by two-step encryption. This makes using, transferring, and receiving your cryptocurrency as simple as using any online brokerage, payment system, or bank account. e.g. Trust Wallet, Metamask, Exodus, etc.
3. Hardware wallets: It is also called crypto cold storage. A USB drive that is kept in a secure location and only linked to software when you want to transact cryptocurrencies. The goal is to strike a balance between decentralization and security.

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5 Tips to secure your Hardware Wallets from Hackers?

1. Always buy your wallet from the official website. If you buy from third-party apps like Amazon, check out the list of official resellers from Ledger or Trezor and verify it on Amazon.
2. Scan your Laptop, mobile, or Tablet for Malware before connecting to the Hardware wallet. If possible, Use Antivirus software like Norton.
3. Never share your 24 words seed phrase.
4. Always do a hardware backup of your seed phrase using CryptoZeus etc.
5. Multi-signature always provides extra security.

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Conclusion: Does Ledger Takes the Lead?

To sum up Ledger vs Trezor comparison, they are both great options for crypto hardware wallets. They have high security, many coins, and simple interfaces. But they also have some pros and cons that may make you prefer one over the other.

Ledger has a better design, a mobile app, and Bluetooth connectivity. Trezor has a larger and more colorful touchscreen, open-source firmware, and a Shamir Backup feature.

You may choose Ledger if you want a more compact and compatible device. You may choose Trezor if you want a more transparent and user-friendly device. No matter what you choose, you will be able to store and manage your crypto assets safely and easily. 

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Ledger vs Trezor: FAQs

Related:

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2. Ledger Vs Coldcard Mk4
3. SafePal Vs Trezor Vs ELLIPAL Vs Ledger
4. Ledger Vs BitBox
5. Trezor Vs Keystone Pro
6. Trezor Vs Ellipal Titan