Ledger vs Trezor Comparison 2024: Which Takes the Lead?

Ledger supports more coins but Trezor is highly secure due to Shamir backup and open-source firmware.

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

LedgerTrezor
SecuritySE chip, PIN protection, and two-factor authentication.ARM Cortex-M4 embedded-arm processor, open-source, Shamir backup
Supported cryptocurrencies5,500+1400+
AppLedger LiveTrezor suite
Price$79 to $279$69 to $219
CompatibilityWindows, macOS, Linux, Android, and iOS devices.Windows, macOS, and Linux
Open-source softwareNoYes
NFT StorageYes (Polygon and Ethereum NFTs)No
Customer supportProvides customer support through email, phone, and online chat.Provides customer support through email and online chat.
Additional featuresBluetooth, Touch screen model (Ledger Stax), NFTs, DAppsNFTs, Staking, DApps

Ledger Review: Portable Crypto Hardware Wallet

ledger wallets
  • Crypto Wallet Type: Hardware or cold storage
  • Supported assets: 5,500+ cryptocurrencies
  • Hardware price: $79 to $149 
  • Ledger Exchange platform: Available
  • Types of Wallet Model: Ledger Nano S plus, Ledger Nano X, Ledger Stax
  • Smartphone Apps: Ledger Live (IOS/Android)

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

ProsCons
Cold storage (offline wallet)not support small cap coins
Top crypto coins availablesupport less blockchain than a software wallet
Bluetooth connectivitysmall 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?


Trezor Review: The Safest Bitcoin Cold Storage

Trezor Model T
  • Cryptocurrency Wallet Type: Hardware or cold wallet
  • Supported assets: 1400+ cryptocurrencies
  • Hardware price: $69 to $219
  • Trezor bridge: Available
  • Types of Wallet Model: Trezor Model One & Trezor Model T
  • Smartphone Apps: No (Trezor suite for desktop)

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

ProsCons
Cold storage with Shamir backupOnly supports 1400 crypto coins
safe and reliableNo 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


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.

DevicesPrice
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.


Ledger vs. Trezor: Display, Weight, Dimensions

FeatureTrezorLedger
DisplayLCD touchscreen (240×240 pixels)OLED screen 128 x 64 pixels
Weight22g or 12g34g or 22g
BatteryNo battery100 mAh (up to 8 hours battery life)
Dimensions64 x 39 x 10mm or 60 x 30 x 6mm72mm x 18.6mm x 11.75mm
ConnectivityUSB-C or micro-USBUSB 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.


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.


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.

LedgerTrezor
Supported Coins5,500+1400+
ERC-20 blockchainyesyes
New bitcoin addresses after the hard forkyes (segwit, Bech32)yes (segwit, Bech32)
Support BTC Legacy addressYesyes

Winner: Ledger supports more digital assets than Trezor.


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.


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?


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

CategoryWinnerReason
Display SizeTrezorTrezor offers a large display with touch screen
Token supportedLedgerLedger Nano X supports more than 5,500+ cryptocurrencies
Mobile AppsLedgerLedger offers both IOS/Android apps while trezor does not
SecurityBothLedger and trezor offer military-level encryption
Hardware costTrezorTrezor Model One costs only $69
ConnectivityLedgerLedger offers app connectivity using Bluetooth
PortableBothBoth devices are small and portable
ledger vs Trezor Models: Which should you purchase?

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

ledger nano s plus

Ledger Nano S Plus


  • Perfect for beginners:
    Simple & powerful to use
  • Install up to 100 apps at the same time
  • Certified secure chip (CC EAL5+)
  • Compatible with 50+ wallets
  • USB Connectivity
  • 128 × 64 pixels screen size
  • Battery not required
  • 62.39mm x 17.40mm x 8.24mm device size
  • 21g weight
ledger nano x

Ledger Nano X

  • Mobile-friendly:
    Enjoy Bluetooth connection
  • Install up to 100 apps at the same time
  • Industry-leading security
  • Compatible with 50+ wallets
  • Bluetooth® compatible with Ledger Live Mobile
  • 128 × 64 pixels screen size
  • 8 hours in standby mode
  • 72mm × 18.6mm × 11.75mm
  • 34g weight

Trezor Model One vs Trezor Model T

Full comparison: Trezor One Vs Model T

Ledger Nano X vs Trezor Model T: Premium models

FeaturesLedger Nano XTrezor Model T
Device cost$149$219
InterfaceOLED displayTouchscreen
SecurityCC EAL5+FIDO2 & U2F authentication standards
Supported coins5,500+1456+
AppsMobile and desktop AppOnly desktop and chrome extension
ConnectionBluetooth and USB-CUSB-C

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

Ledger Nano S Plus vs Trezor Model one: Basic Versions

FeaturesLedger Nano S PlusTrezor Model One
Hardware Cost$79$69
ConnectionUSB-CUSB-A
Wallets support50+ software wallets20+ software wallets
AppsMobile apponly desktop app
CertificationsCC EAL5+Established U2F security technology

Related: Trezor Model One Vs Ledger Nano S Plus Comparison


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.

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.

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. 


Ledger vs Trezor: FAQs

  1. Which is safer wallet, Ledger or Trezor?

    Ledger uses a certified secure chip that is resistant to physical tampering, while Trezor uses a general-purpose microcontroller that is more vulnerable to hardware attacks.

    On the other hand, Trezor has open-source firmware that can be audited and verified by anyone, while Ledger has a proprietary OS that is not fully transparent.

    Moreover, both wallets require the user to keep their recovery phrase safe and secret, as it is the only way to restore the wallet in case of loss or damage.

  2. Which is best for beginners, Ledger or Trezor?

    Both Trezor and Ledger wallets are designed to be user-friendly and easy to set up and use. They have intuitive interfaces that guide you through the process of creating your wallet, sending and receiving coins, managing your portfolio, and accessing various features. They also have helpful resources on their websites, such as tutorials, guides, FAQs, and support teams.

    However, some users may prefer one wallet over the other based on their personal preferences and comfort levels. For example, some users may like the simplicity and portability of Ledger’s design, while others may prefer the larger and more colorful screen of Trezor.

    Some users may appreciate the convenience and compatibility of Ledger’s mobile app and Bluetooth connectivity, while others may value the transparency and security of Trezor’s open-source firmware and Shamir Backup feature.

  3. How to check if your Trezor or Ledger wallet is tempered?

    Trezor and Ledger wallets have anti-tampering mechanisms that ensure the integrity of their devices. Trezor uses cryptographic signatures to verify the authenticity of its firmware every time it boots up. If the firmware is corrupted or modified, the device will display a warning message and refuse to operate.

    Ledger uses a secure chip that checks for any physical or logical alteration (supply chain attacks) of the device every time it is powered on. If the device is compromised or damaged, it will either display an error message or remain locked. 

  4. What to do when Trezor or Ledger wallet is stolen?

    If your Trezor or Ledger wallet is stolen, you should not panic, as your coins are still safe as long as you have your recovery phrase.

    Your recovery phrase is a set of 12 or 24 words that you wrote down when you created your wallet. It is the only way to restore your wallet and access your coins on another device. You should never share your recovery phrase with anyone or store it online. You should also keep it in a safe place where no one can find it or destroy it.

    If your wallet is stolen, you should immediately get another device (either another Trezor or Ledger wallet or a compatible software wallet) and use your recovery phrase to restore your wallet on it. Then you should transfer your coins to a new address with a new recovery phrase.

  5. Which is the best Ethereum wallet, Ledger or Trezor?

    Both Ledger and Trezor support Ethereum and its tokens (ERC-20) natively. They allow you to send and receive ETH and tokens securely and easily. They also let you interact with various Ethereum-based applications (dApps) through their web3 integrations.

    You can use Ledger Live or Trezor Suite apps to manage your Ethereum assets on your desktop or mobile devices.

Related:

  1. ELLIPAL Titan Vs Ledger Nano X
  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
Amit Chahar

Amit Chahar

Hey! I am Amit Chahar, a Crypto and blockchain content creator at Wallet Reviewer. With 3+ years of experience as a SEO content writer, I love talking about blockchain technology, digital assets, DeFi, Smart Contracts, DApps, Digital Wallets, Metaverse, and NFTs.

Want to hire me? Contact: hello@walletreviewer.com

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