Trezor vs. Trezor vs.

Details

Trezor and Ledger both offer top-of-the-line hardware wallets for cold, secure offline storage of digital assets. Trezor is outmatched by Ledger with its better functionality, features, and tools. Ledger allows you to connect to decentralized apps, such as Dapps and exchanges. It also offers educational content and market analysis. You can access NFT markets and […]

Trezor and Ledger both offer top-of-the-line hardware wallets for cold, secure offline storage of digital assets. Trezor is outmatched by Ledger with its better functionality, features, and tools.

Ledger allows you to connect to decentralized apps, such as Dapps and exchanges. It also offers educational content and market analysis. You can access NFT markets and stake coins with a connected Ledger device.

The Model T, Trezor’s most expensive model and more than three times the price of Trezor’s standard model, has compelling security features that may make it a better option for some. It comes with Shamir Backup, a recovery sharing distribution feature that allows you to create and distribute up 16 recovery shares and store them in different locations.

Consider these factors when choosing between Trezor or Ledger.

Deciding factors


	$69 to 219	$179 to $149.
Better for	Security features, including Shamir Backup recovery.	Easy access to mobile applications and decentralized apps (Dapps).
Cryptocurrencies	Depending on the model, Approximately 1,300 to 1,400	More than 5,500.
	Open-source, uses universal 2-factor authentication.	Uses two-factor authentication. The firmware of devices is not open-source.
Integration	Allows for purchases and swaps, but requires additional software to allow NFTs and stakes.	Ledger Live software allows you to purchase, swap, staking, and NFTs.
	Cold storage. Can connect to browser wallets and desktop computers for online storage.	Cold storage. Can connect to browser wallets and desktops to store online.
Functionality	Desktop application and browser extension but not a mobile app.	Desktop and mobile applications.
	Educational content from the Trezor Help Centre; can be integrated with third-party software to market analysis tools.	Ledger Academy has a library of resources for crypto education. Ledger Live includes market analysis tools.

Overall winner: Ledger

Trezor and Ledger are highly rated devices and can offer secure cold storage to your digital assets. Both devices are highly rated for their security, integration, and storage options. However, Ledger is a better choice for the variety of its built-in applications and tools than Trezor.

Winner: Ledger

The Ledger Live software provides NFT management and access to decentralized finance. Trezor devices need integration with third-party software in order to connect to Dapps or non-fungible token markets. Users can only stake coins with the Trezor Model T but both Ledger devices support staking.

To connect to Dapps and manage currencies other than those in the Trezor Suite, Trezor devices must be integrated with third party software like Metamask or Exodus. This includes Ripple (XRP), Monero(XMR) as well as Cardano (ADA). Integration with third-party software such as Metamask and MyEtherWallet is possible for Ledger devices to connect to other blockchains. However, integration is not required to manage most cryptos.

Winner: Trezor

Hardware wallets, including Ledger, are among the most secure ways of storing your crypto. They keep your keys offline but Trezor shines because it offers additional security features.

Shamir Backup: Ledger and most crypto wallets generate a 24-word recovery seed which users can store and enter in the event of a lost device. Trezor has a Shamir Backup recovery method (only available for the more expensive Model T), that allows you to generate and distribute 16 recovery shares for your device, and keep them in different locations. The additional shares protect your keys even if one of the seed phrases is compromised. This feature is not available in any other wallet.

Multisignature Security: Both of these devices can be integrated with third party software for multisignature security. You can have more than one key to authorize transactions.
Open-source software Trezor software can be reviewed and tested in any third party to ensure its security. Ledger Live software, but not the firmware on physical devices, is open-source.

Passphrase: You can use both Trezor and Ledger devices to create an additional 25-word passphrase. This is an additional word that you can add on to your standard 24-word seed phrase. You can have a separate 25th passphrase to prevent hackers from accessing your funds if the 24-word seed phrase you created is compromised. This feature is currently only available in Trezor and Ledger wallets.

Functionality

Winner: Ledger

Ledger Live is now available for desktop and mobile. The browser extension is currently in beta testing. Ledger Nano X models can be connected to the mobile app via Bluetooth connection. This allows for easy access and exchanges as well as Dapps.

Trezor offers a browser extension, a desktop app and an Android app. However, unlike other competitors, it’s not compatible with Apple’s mobile operating systems. Trezor does not support Bluetooth connections. However, developers claim this is due to security concerns.

Trezor requires third-party integration in order to stake coins or access NFT markets. Ledger Live apps have these features built in.

Winner: Ledger

Ledger offers a rich library of educational content on crypto for its users, Ledger Academy. It has trending content about cryptocurrency and device tutorials. There are also in-depth explanations on various crypto topics from common scams to blockchain basics.

Although the Trezor support center is not as impressive, it does contain helpful articles about how to use Trezor software and devices.

Ledger Live offers market analysis tools to help you track the value your coins. Trezor devices require third-party integration to access market analyses.