NFTexplained.info is a team of long term crypto investors who are well versed in the blockchain space. Our team has tried many hardware wallets and often debate which is the best hardware wallet in our office. In this article, we will explain which hardware wallet is most likely to best suit your needs.
Before we begin we should note that Trezor has two main products: the model One (US $77) and the model T (US $280). Ledger has three main products: the Ledger Nano S (US $59), the Ledger Nano S Plus (US $79), and the Ledger Nano X (US $149).
As a general statement, it’s impossible to say which company makes better hardware wallets as both Ledger and Trezor make tremendous products that are very secure and easy to set up. The best wallet will depend on your personal needs.
A quick and important note: both companies allow you to store NFTs on your hardware wallet along with many other coins. We will dive into the specifics of each and which product is better (comparing each one to its competitor in the similar price range) however we will also base our analysis on a spectrum of user needs.
When Is The Ledger Nano S The Best Option?
The Ledger Nano S is the best option for those who are looking to protect their digital assets by keeping the private keys offline – given that they are looking to store up to three blockchain applications. If you are looking to store more blockchain networks, another hardware wallet is likely a better option.
The Ledger Nano S is a great, low-cost option for those looking to store a few blockchain applications as only 3 can be stored. For example, if you are only looking to store Ethereum, Bitcoin, and Binance Coin – the Nano S is the perfect option for you and sits at US $59.
Our team will now let you know our opinions on who the Trezor Model One is best suited for. The Trezor Model One is a competitor to the Nano S and comes in at a similar price of US $77.
When Is The Trezor Model One The Best Option?
The Trezor Model One is the best hardware wallet for those looking to store their private keys offline. It is easy to set up and allows you to store unlimited blockchain networks. For its modest price, the Trezor Model One is a great option.
For a similar price to the Ledger Nano S (after shipping), our team would recommend the Trezor Model One wallet for those looking to store more coins. Unlimited blockchain networks can be stored in regards to space on the device however not all blockchain networks are supported. To find which blockchains are supported on the Trezor Model One, click here.
Our team has compiled a side by side comparison of the Ledger Nano S to the Trezor Model One:
|Ledger Nano S||Trezor Model One|
|Price in USD||$59||$77|
|Blockchain Networks (storage)||3||unlimited|
|Confirm Transactions Via||2 square buttons||2 square buttons|
|Connection||Micro USB||Micro USB|
|Color on screen’s device||monochrome||monochrome|
|Size||(4.1in х 2.3in х 0.2in)||(2.4in x 1.2in x 0.2in)|
|Staking||On ledger platform||possible via third party|
|Seed phrase||24 words||24 words|
|Weight||16.2g (0.57 oz)||12 g (0.42 oz)|
|Operating temperature||(-13-122° F)||(-4°F – 140°F)|
|Recover assets if device is lost||via seed phrase||via seed phrase|
|Material||stainless steel/plastic||reinforced plastic|
|Official Link||Ledger Nano S||Trezor Model One|
The next option you are likely considering is the Ledger Nano S Plus which is in the middle ground relative to the Ledger Nano X and the Trezor Model T (which are both more expensive).
When Is The Ledger Nano S Plus The Best Option?
The Ledger Nano S Plus is a step up from the Ledger Nano S as it has far more storage – up to 100 blockchain applications. It is also far more DeFi and NFT friendly especially considering NFTs can be viewed in the Ledger Live app.
If you are looking to view your NFTs in your hardware wallet and inspect them in an easy to understand user interface while being able to store up to 100 blockchain applications, the Ledger Nano S Plus is likely the best option for you.
You can find the specs for the Ledger Nano S Plus here:
|Ledger Nano S Plus|
|Price in USD||$79|
|Blockchain Networks (storage)||100|
|Confirm Transactions Via||2 square buttons|
|Color on screen’s device||monochrome|
|Size||(2.4in x 0.6in x 0.3in)|
|Staking||On ledger platform|
|Seed phrase||24 words|
|Weight||21g (0.74 oz)|
|Operating temperature||(-22-185° F)|
|Recover assets if device is lost||via seed phrase|
|Official Link||Ledger Nano S Plus|
Our team has found that the Trezor Suite user interface doesn’t allow you to view and manage NFTs with the same level of ease when compared to the Ledger Live user interface. That being said, the Trezor Model T definitely has different advantages which we will cover in the next section of our article.
When Is The Trezor Model T The Best Option?
The Trezor Model T is the best option if you are looking to store and transact with many cryptocurrencies. It has the largest screen compared to all the other Trezor and Ledger hardware wallets and is the only one that offers a color touchscreen.
The phenomenal user experience and large storage makes the Trezor Model T a great option, albeit a pricey one.
Our team has found that the Trezor Model T is easier to set up, although not by a noticeable amount, in comparison to Ledger Nano X. The difference is so little, that our team has come to the consensus that they are basically the same in that sense.
If you are considering the Trezor Model T, it is plausible you may wish to consider the Ledger Nano X as it is somewhat similar in price. Our team has compiled a chart comparing the two which we will place in the next section of our article.
When Is The Ledger Nano X The Best Option?
The Ledger Nano X is the best option for those who are looking to store a lot – up to 100 blockchain applications – and want the option to transact with your hardware wallet while on the go as the Ledger Nano X supports a Bluetooth connection.
The Nano X offers a unique feature that no other Ledger and Trezor hardware wallets offer – the ability to transact on the go via your phone. With Battery life of up to 8 hours – in standby – and 3 to 4 hours while in use, this hardware wallet allows you to transact on the go.
If you are set on purchasing a Trezor, our team has a more thorough article in which we discuss which Trezor is the best option for you. If you are set on purchasing a Ledger, we also have a more thorough article on the Ledger product that will suit you the best; we will link that here.
Here is the comparison for the Nano X and the Model T:
|Trezor Model T||Ledger Nano X|
|Price in USD||$280||$149|
|Blockchain Networks (storage)||unlimited||100|
|Confirm Transactions Via||touchscreen||2 circular buttons|
|Connection||USB-C||Bluetooth / USB-C|
|Color on screen’s device||color||monochrome|
|Size||(2.52in x 1.54in x 0.39in)||(2.8in x 0.7in x 0.5in)|
|Staking||possible via third party||On ledger platform|
|Seed phrase||12 words||24 words|
|Weight||96 g (3.39 oz)||34g (1.20 oz)|
|Operating temperature||(-4°F – 140°F)||(32-104° F)|
|Recover assets if device is lost||via seed phrase||via seed phrase|
|Material||reinforced plastic||stainless steel/plastic|
|Official Link||Trezor Model T||Ledger Nano X|
Now our team will move into some FAQs we have gotten regarding the hardware wallets from these two different companies.
Is Trezor Or Ledger Easier To Use?
As a general statement both the Ledger and Trezor products are easy to use; the difference in setting up a product from Ledger and a product from Trezor is negligible.
Is Ledger or Trezor More Secure?
The Ledger and Trezor products are extremely secure; both Ledger and Trezor store private keys offline unlike hot wallets. Both are not susceptible to in person attacks as incorrect pin codes factory reset the device while still allowing digital assets to be recovered via your seed phrase.
Both are extremely secure and our team personally thinks your purchasing decision should depend on other factors.
Ledger Nano X vs Trezor Model T
As a general statement, the Ledger Nano X and Trezor Model T are both phenomenal options. Those looking for the option to transact on the go should choose the Ledger Nano X while those who transact via their computer should choose the Trezor Model T because of its large colorful touch screen.
Our team really enjoys both products and often debate which one is better; however, the debate never arrives at a general consensus as to which one is better. Both are great options!
Is The Trezor One Outdated?
As a general statement, the Trezor one is not outdated and is an excellent hardware wallet that supports many blockchain networks for a modest price. Trezor Suite – Trezors’ software interface – is often updated to allow for new abilities like running your own node.
When Did The Trezor One Come Out?
The Trezor one is said to be the original hardware wallet as it was released on the 29th of July in 2014. The model T was released later – on the 26 of February in 2018.
How Secure Is The Trezor One?
The Trezor One is very secure as it is a crypto hardware wallet that stores private keys offline – which is the access to your cryptocurrencies and NFTs. This means you will not be hacked by a third party.
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