Can’t decide between Trezor or Ledger crypto wallets? I know it certainly is a tough decision because each wallet is better than the other in some terms. Hence, we need to evaluate these wallets separately so that we can come to a decision and make a better choice for safeguarding our valuable crypto assets.
In my opinion, decision-making would be a lot easier if you create a checklist of the things that you are looking for in your crypto wallet. If you are clear in your mind about the same, you can make a quick decision between Trezor vs Ledger.
An overview of Trezor Wallet
Starting from scratch let me tell you that it is a “Cold” crypto storage that comes in two different wallet models such as Trezor Model One and Trezor Model T. These wallet models support 1,289 and 1,456 cryptocurrencies respectively. Additionally, the most noteworthy point about these wallet models is their price range. Yes, they are pretty affordable and can cost you around $59 to $179.
Alongside that, the wallet also comes with an incorporated exchange so that you can buy and sell crypto assets directly from within the wallet. Though the wallet does not come with a mobile-friendly application, you can still operate it via your desktop anytime, anywhere.
Reviewing Ledger Wallet
Continuing our discussion on Trezor Vs Ledger, it is now time to take a look at the background details of Ledger Wallet. To put it short, we can say that it is a “Cold” crypto storage similar to Trezor wallet. Unlike the Ledger wallet, it supports more than 5,500 crypto assets.
However, you may not call it an affordable choice as it comes in a price range of $79 to $279 based on the model type you select. Similar to Ledger, it also comes equipped with a crypto exchange. Additionally, it does have a mobile-friendly iOS and Android application.
Pros and Cons of Trezor Wallet
Our discussion on Trezor vs Ledger would not be complete if we did not measure the wallet’s advantages and disadvantages. So, let’s take a glance at the same:
Pros-
- The wallet is an affordable choice because of its low purchase cost
- Has a very user-friendly interface
- Comes with a color touchscreen
- Is equipped with an open-source firmware
- Provides highest security standard with “Shamir backup”
- Durable
Cons-
- Does not have a mobile application
- No Bluetooth connectivity
Pros and Cons of Ledger Wallet
Continuing our conversation on Trezor vs Ledger, let us now take a look at the advantages and disadvantages of picking the Ledger Wallet:
Pros-
- Comes with Bluetooth connectivity
- Has a mobile-friendly application
- Supports a higher number of crypto assets
Cons-
- Can be a costly option
- Has a closed-source firmware
- Its database has seen a breach
Points of Comparison- Trezor vs Ledger
Moving on, let us now evaluate Trezor and Ledger wallets on a different basis. This will help us come up with a fair decision.
- User Interface
Both Trezor and Ledger have a simple user interface that allows users to access the wallet features, set it up, and improve its security features easily. Hence, we can say that they are similar in this regard.
- Security
Though, both these wallets are counted as the safest storage systems for crypto assets because both of them are cold storage. But, in my opinion, you should go ahead with a Trezor Wallet because it comes with the “Shamir Security” feature.
- Usability
When it comes to ease of usage, the Trezor wallet wins the case because its interface is not hard to understand and has a color touchscreen display. On the other hand, some users find it a little complicated to use a Ledger wallet.
- Tools
To educate users about the usability of Ledger, they offer users educational resources through “Ledger Academy.” On the other hand, Trezor developers also came up with a wide range of Helpful Articles to let users understand the different functionalities of the wallet.
- Open-source
Trezor Wallet does have an Open-Source firmware, unlike Ledger Wallet. The open-source firmware of the wallet allows its users to solve bugs and issues on their own which is not the case with Ledger.
Why is Trezor better than Ledger?
Based on users’ reviews and my personal opinion, I would suggest users go ahead with using a Trezor Wallet for many reasons, the main reason being its Color Touchscreen. In case you have just started cryptocurrency trading then Trezor One could be a better choice for you. This is because it comes with an extremely easy UI giving users a seamless usage experience and has an Open-Source firmware.
Not to forget, it is also an affordable choice for those who do not wish to spend a fortune on a good hardware wallet. And most importantly, the wide collection of educational resources offered by the Trezor team is a plus point for newbies.
Final Verdict-
Though Trezor Wallet lacks a mobile application and Bluetooth connectivity, the Trezor team is working hard to launch a mobile application very soon. Apart from these two points, when we compare Trezor vs Ledger, most users go with Trezor Wallet because of its decent price and easy UI.
Do you agree? If yes, get yourself a Trezor device right away at a discount price but only from authorized sellers.