Whether you are a beginner to the world of Bitcoin hardware wallets or have been using them for some time, you are probably wondering which one of the two best models you should choose. We are talking about Ledger Nano and Trezor hardware wallets, of course! Well, the mystery is finally solved. In this article, we want to give you a clear picture of what these hardware wallets offer by comparing them. Let the battle begin.
What is Ledger Nano S?
Ledger Nano S is one of the best hardware wallets that money can buy and as such offers great security level, sleek and modern design, and easy setup. The device is a good choice for storing Bitcoins, Litecoins, Ethereum and other cryptocurrencies. It comes with a display and two buttons, allowing for fast access to the transaction. With its sturdy design, this unit will keep your data on safe for quite a time, thus it is a worthy investment.
What is Trezor?
As the name itself implies, Trezor will keep your funds and private keys far away from dangerous hands. Your funds will be stored offline, while also being protected with a PIN code and a passphrase. This compact device can fit into your pocket and connects easily to your computer. It is ideal for storing Bitcoins, Litecoins and Altcoins, as it is compatible with other wallets as well. The display and two buttons make this device easy to use, offering better protection. On top of all, the device is a breeze to set up, making it also a good choice for beginners. Trezor is arguably the best hardware wallets when it comes to safety and reliability.
Ledger Nano vs. Trezor Comparison
1. Ease of Use
Both these wallets are simple to use since they come with a display and two buttons. So, you can see transactions’ contents and can confirm/deny them. What is also important is that both wallets are good options for beginners. With many apps, features and settings (but not too many), the devices are a real pleasure to use.
When it comes to compatibility, Nano S is a better choice, since it connects to any computer, being compatible with Chrome OS, Windows, Linux, and Mac. Basically, this means that you can control your wallet from the same device, whether you want to make payments or see your account.
In addition to that, the unit supports the FIDO® Universal Second Factor standard. Meaning, you will quickly pass through authentication process if you want to use Gmail, Dashlane or Dropbox.
Trezor is compatible with Linux, OS X, and Windows. Moreover, it offers some handy applications such as Password Manager.
Both devices offer the possibility to use them with other wallets. Ledger Nano S can be used with Ledger Wallet Bitcoin, Electrum, Myceliu, MyEtherWallet, GreenBits, Ledger Wallet Ethereum, GreenAddress, and Copay. On the other hand, Trezor can be used with Electrum, MultiBit HD, GreenBits, GreenAddress, myTREZOR.com, etc.
Now, this is the part where Trezor excels, offering more security features.
But, first let us say that both these devices are malware proof, so in that way, they don’t differ.
Also, both devices require a PIN code each time you want to make a transaction or do any other action. Meaning, with both devices your confidential data will not be exposed. Also, if someone steals your wallet, they cannot access your private key and funds.
Which leads us to the next question – what happens if you lose your wallet or someone steals it? Well, there is this recovery seed that you have to have. It is the recovery seed refers to the set of words that you use when you need to recover your account and data. While Ledger Nano S offers, let's say, the basic recovery seed, Trezor offers an additional step to a better protection. This step is called a passphrase. This is actually, 25th word in the recovery seed. Without it, it would be impossible to recover your data. So if you want to use this feature, you have to remember it, otherwise, your funds will be gone forever.
Another feature that Trezor offers is 2-factor verification on Google.
4. Backup and Recovery
Both Nano S and Trezor offer the chance to back up your data and recover them in case something bad happens. So, you don’t have to worry about that with either wallet. However, what you do have to worry about is forgetting the passphrase that we mentioned above. So, make sure to remember it.
As far as the design is concerned, Ledger Nano S is undoubtedly the winner. It comes with a display and two side buttons. With its sleek and modern design, this device looks remarkably good. It comes with a keychain, key ring, and a lanyard, so you can keep it close to you all the time. One more thing that makes Ledger the winner of this part is that it is well-built. The combination of stainless steel and plastic makes this unit both sturdy and easy on the eyes.
Trezor, on the other hand, doesn’t look like anything special. It does have a display and two buttons, but the buttons are placed on the front, making this unit less attractive. Also, the device is plastic, which definitely doesn't contribute to the looks. Still, the device is sturdy.
The Final Verdict
Well, we said all we had to say about these two bitcoin hardware wallets. It is probably clear to you by now that both of them are great options, thanks to their ease of use and high level of security. So, it is really up to you to think about what you want and which model better suits your needs (and means). Whichever one you choose, you will have a peace of mind since your funds will be well-protected.
Ready to buy?
Purchase your Ledge Nano S HERE.
Purchase your Trezor HERE.