Ledger Nano S Vs Trezor Hardware Wallet

There are numerous Cryptocurrencies that have gained popularity in the recent times, but the most significant among them is that of bitcoin. There are private and public keys that are used to receive or spend such Cryptocurrencies, thanks to blockchain development system.

A Cryptocurrency wallet is that which stores private and public keys. But, the Cryptocurrency is never stored in the wallet, it is stored in a decentralized location – in a ledger that is publicly available.

A hardware wallet is nothing but a special type of bitcoin wallet. A bitcoin wallet has a lot of benefits over any software wallet. The user’s private keys are secured in the user’s hardware device through a bitcoin wallet. The purpose served by the hardware wallet is to keep the Cryptocurrencies safe.

The hardware wallet from a trusted manufacturer with a good reputation ensures that you can avoid the higher number of vulnerabilities – in comparison with the software wallet.

Let us now explore, “What are the features of a hardware wallet?”

Features of a hardware wallet:

Following are some of the features of a hardware wallet:

  • A private key is generated and stored on a hardware device
  • If the device is lost, broken or stolen then the wallet maintains a
  • backup of these private keys
  • It is the device on which all the operations and transactions are executed, and the result is displayed – as a hash of each operation
  • There is hardware button to manually confirm an operation
  • It requires to set up a single or multiple PIN codes
  • The wallets are supportive of a few Cryptocurrencies
  • Works across all the latest versions of OS – Windows. Mac OS and Linux

However, in this article, we will highlight on two of the best hardware wallets and will also depict the differences between the two. So, your next question must be “What are the best two hardware wallets?”.

What are the Best Two Hardware Wallets?

1. Ledger Nano S

 

Ledger nano s

Ledger Nano S another hardware wallet, that is usually preferred by the users. It saves Cryptocurrencies – Altcoins, Ethereum and Bitcoins. It enables the users to store their cryptographic assets and secure digital payments conducted by them – with some of the robust safety features.

Like any other hardware wallet, it is connected with the USB of any computer and embeds a secure OLED display. Just tap on the side buttons to cross-check and confirm any of the transactions. This simple press of a button on the embedded screen ensures that the transactions are never tampered with.

Since, it is desirable of the user as the owner of Cryptocurrencies that you must protect your confidential data as well as the access to your funds, the obvious choice for the user is to go for Ledger Nano S as non-exposure of secrets such as private keys. Moreover, sensitive operations are always isolated within the hardware wallet – with the help of a state-of-the-art Secure element and a PIN code.

The hardware wallet market is rife in competition. Next, we deal with the “Differences between the above two hardware Wallets”, before making the all-important decision to buy them.

Pros

Cons

Very secure

79 € may be out of reach for those on a budget

Easy to use

Affordable

Multi-coins support

Wallet software integration

OLED display

 

Buy Ledger Nano S

 

2. Trezor

Trezor

 

Trezor happens to be a bitcoin wallet that offers not only the most trusted but the most secure way to store your bitcoins. You can avoid any vulnerabilities or risks to your bitcoins on isolating the private keys with the safety offered by Trezor. If you choose Trezor as your preferred hardware wallet then the advantages that you obtain are:

  • Ease of Use

One of the primary reasons as to why the users will opt for Trezor as their hardware wallet is that it is quite easy to use. The only thing that the user has to do is to read the instructions on the display – followed by pressing the buttons for taking important actions.

  • Quick to Set up

In order to set up Trezor, you just need a few minutes only. This is possible through a completely free and private registration process. The additional benefit is Trezor acts on any computer with a USB port or any Android device that has USB host support. If you want to protect your device from any sort of unauthorized access, then you need to set up a strong PIN.

  • Easy to Regain Access

In case if your Trezor is lost or destroyed, it is possible for you to opt for an account recovery. The bitcoins are safe and secure, so long as the recovery card is intact.

Pros

Cons

Very secure

89 € price tag may be out of reach for those on a budget

Multi-coins support

Easy to use

Screen offers extra protection and verification

Affordable

 

Buy Trezor Now

 

Ledger Nano S vs Trezor

Some of the differences between Trezor and Ledger Nano S hardware wallet are:

  • SetUp the Wallets

Ledger requires the services of a Chrome application for the installation and setting up of the Ledger.

The user has a setup wizard to access while firing up the application from the website of Ledger. Moreover, the Ledger Nano S is fully equipped with a second screen – just like Trezor.

  • Security Setup

The security set up is possible through the PIN code and recovery seeds. The process remains the same for both the devices – for setting the PIN code and the recovery seed.

The PIN code just offers an added layer of security for the devices. If stolen, it becomes difficult to logging into the user’s account. After setting the PIN, the next activity will be to set the recovery seed.

The recovery seed is a set of words in a certain order – that enables to recover private keys, in a situation when the device is lost or broken. This seed ensures that the user can recover bitcoins, even if the ledger is trashed completely.

Finally, the seed is shown only on the devices and not on the computer screens – so that there is a remote chance for the hackers to make a copy of it.

  • Startup the Wallets

The user can start with the Ledger on completion of the setup. All that is needed is replug the flash drive and enter the pin code. Most of the actions can be taken by pressing buttons on the device- for scrolling between the menu and simulating “select”.

However, Trezor has two buttons too but has a far more subtle way. It makes it easier for the users to push them accidentally.

If anyone is aware of the PIN code, even then the bitcoins are not inaccessible, without the physical devices.

  • Style

Trezor’s device has a clunky design when compared with the sleek design of Ledger. It is easy to carry Ledger than Trezor – as it is smaller in size. One more aspect that is attractive to the user is the attractive package offered by Ledger.

Ledger Nano S Vs Trezor


 


Ledger Nano S


Trezor


Size


3.9 x 0.9 x 0.4 inch


2.4 x 1.2 x 0.2 inch


Weight


0.57 oz (16.2 gram)


0.42 oz (12 gram)


Screen


OLED 2.4 cm


OLED 128 x64 pixels


Certificates


CE and CC EAL5+


CE and RoHS


Materials


Plastic and Brushed stainless steel (cover)


Plastic


Operating Temperature


-13°F to 185°F (-25°C to 85°C)


-4°F to 140°F (-20°C to 60°C)


Compatibility


Windows, Mac and Linux


Windows, Mac and Linux


What’s in the wallet
box?


Ledger Nano S device


USB cable


Recovery sheet


Keychain


User guide


TREZOR device


Micro USB cable


Recovery seed booklet


User guide


Supported coins


Bitcoin


Bitcoin Gold


Bitcoin Cash


Ethereum


Ethereum Classic


Litecoin


Dogecoin


Zcash


Ripple


Dash


Stratis


Komodo


Ark


Expanse


Ubiq


Vertcoin


Viacoin


Neo


Stealthcoin


Stellar


Hcash


Digibyte


Qtum


PivX


ERC20 tokens


Bitcoin


Litecoin


DASH


Zcash


Bitcoin Cash


Bitcoin Gold


Ethereum


Ethereum Classic


ERC-20 Tokens


Expanse


UBIQ


NEM


Namecoin


Dogecoin


Price


79 €


89 €


Buy Now


Ledger Nano S


Ledger


The Verdict: Which one is Better?

We must appreciate both the devices as outstanding products. Trezor is in the market for a longer time. However, Ledger Nano S provides a cheaper option. But, other than the cost, the user must consider other factors such as reputation of the manufacturer and the design.

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