Trezor vs. Ledger: Which Should You Get? 2023 Update | Finder.com (2024)

Trezor and Ledger have been the two leading manufacturers of crypto hardware wallets since 2013 and 2014, respectively.

Some differences between the wallets these companies have brought to market include cost, ease of use and the number of supported digital assets.

We've compared Trezor head to head with Ledger to help you decide which is best for your cold storage needs.

Disclaimer: This page is not financial advice or an endorsem*nt of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Trezor vs. Ledger wallets overview

	Trezor Model One	Ledger Nano S Plus	Trezor Model T	Ledger Nano X	Ledger Stax
	Finder rating ★★★★★ Read full review	Finder rating ★★★★★ Read full review	Finder rating ★★★★★ Read full review	Finder rating ★★★★★ Read full review	Finder rating ★★★★★ Read full review
Dimensions	60 x 30 x 6mm	62.39 x 17.4 x 8.24mm	64 x 39 x 10mm	72 x 18.6 x 11.75mm	85 x 54 x 6mm
Display	128×64px OLED screen	128 x 64px OLED screen	240 × 240px LCD touch screen	128 × 64px OLED screen	672 x 400px; 3.7in curved electronic ink (e-ink) touch screen
Security mechanism	ARM Cortex-M3 embedded-arm processor @ 120Mhz	Secure element chip	ARM Cortex-M4 embedded-arm processor @ 168Mhz	Secure element chip	Secure element chip
Security certifications	CE and RoHS certified (consumer safety, health and environmental health award	CSPN (First Level Security Certificate); CC EAL 5+ rating	CE and RoHS certified (consumer safety, health and environmental health award	CSPN (First Level Security Certificate); CC EAL 5+ rating	CSPN (First Level Security Certificate); CC EAL 5+ rating
Connection	USB-A, WebUSB, Micro USB (for mobile)	USB-A to USB-C	USB-C (for mobile), WebUSB	USB-A to USB-C; Bluetooth	USB-C to USB-C; Bluetooth
Compatibility	PC (Windows 10+, macOS 10.11+ and Linux), Mobile (Android)	PC (Windows 8+, macOS 10.10+ and Linux), Mobile (Android)	PC (Windows 10+, macOS 10.11+ and Linux), Mobile (Android)	PC (Windows 8+, macOS 10.10+ and Linux), Mobile (Android and iOS)	PC (Windows 10+, macOS 12+, Linux Ubuntu LTS 20.04+), Mobile (Android and iOS)
Backup	12-24-word seed phrase	24-word seed phrase	12-24-word seed phrase	24-word seed phrase	24-word seed phrase
Coin support	1,289+	5,500+	1,456+	5,500+	5,500+
Staking	Yes, but only when linked to third-party wallets	Yes	Yes, but only when linked to third-party wallets	Yes	Yes
NFT management capability	✅	✅	✅	✅	✅
Exchange built in to native software (Ledger Live and Trezor Suite)	✅	✅	✅	✅	✅
Price (USD)	$59	$79	$179	$149	$279
	Buy now	Buy now	Buy now	Buy now	Buy now

Trezor vs. Ledger: Physical features

All Trezor and Ledger devices connect via USB, but only the Ledger Nano X and the Ledger Stax connect via Bluetooth and have internal batteries.

Ledger devices also feel a bit more hearty than Trezor devices. This is largely due to the stainless steel swivel cover on the Ledger S Plus and the Ledger Nano X as well as the fact that the Ledger Stax is made with aluminum.

The Ledger Nano X, Nano S Plus and Trezor Model One all feature two buttons for scrolling and enabling yes-no decision-making. The Trezor Model T and the Ledger Stax have touch screens, but the touch screen for the Ledger Stax is larger and of a higher quality than the Trezor Model T's.

Trezor vs. Ledger: Supported assets

All Ledger devices support a broader range of coins and tokens than either Trezor device.

You can store your NFTs' private keys on major blockchains on any Trezor or Ledger device.

But Ledger Live — the software for Ledger hardware wallets — provides better native support for NFT management than Trezor Suite, the native software for Trezor hardware wallets.

Trezor vs. Ledger: Security

In 2020, Kraken Security Labs identified a security flaw in Trezor wallets, and Trezor has since changed the architecture of its wallets to remedy this.

No such vulnerability has ever been discovered in a Ledger wallet, nor has a Ledger wallet ever been successfully hacked. With that said, because Trezor hardware wallets are designed with open-source code and Ledger wallets are designed with closed-source code, it's easier for people or institutions to find a flaw in Trezor wallets.

Thanks to the Secure Element chip that Ledger uses in its wallets — the same chip used in credit cards and passports — Ledger has one of the best security track records of any hardware wallet maker on the market today.

Trezor hardware wallets are CE-certified. CE stands for "Conformite Europeenne" — French for European Conformity — and certifies that a product meets the consumer safety and environmental health standards.

Ledger hardware wallets have CC EAL 5+ certification. One of the main factors to consider for EAL (Evaluation Assurance Level) certification is whether a device can be penetrated in a hack. CC EAL 5+ is the highest level of security against penetration tests.

The Trezor Model T offers the Shamir backup system, which allows you to generate up to 16 recovery seed phrases instead of a single recovery seed phrase.

Using the Shamir backup system, you set a threshold for the number of seed phrases required to recover a wallet. This reduces the risk associated with losing access to your crypto wallet if you lose a single recovery seed phrase.

Trezor vs. Ledger: Built-in software

Ledger Live allows you to stake a handful of crypto assets through the app's native interface, which Trezor Suite doesn't support. But both Trezor and Ledger devices can be connected to third-party Web3 wallets if you do want to stake your assets.

The built-in swaps on both Trezor Suite and Ledger Live are powered by Changelly. Through the built-in swap function, you can trade over [150] crypto coins and tokens.

Ledger Live allows you to borrow and lend your crypto through the Compound protocol, while Trezor Suite has no equivalent feature.

Both Trezor Suite and Ledger Live have mobile app versions, but only the Ledger Nano X is compatible with the Ledger Live mobile app.

Trezor vs. Ledger: Web3 apps

Ledger Live offers a gateway to some DeFi and NFT management, but Trezor Suite performs poorly in this department.

Use Ledger Live as an interface to stake a handful of crypto assets — including ETH, DOT and SOL — and lend and borrow via Compound protocol.

You can also manage NFTs on Ethereum and Polygon via Ledger Live.

Trezor vs. Ledger: Ease of use

If you prefer a touch screen to interact with the hardware wallet itself, the Trezor Model T is the way to go.

If you prefer physical buttons, the Trezor Model One, the Ledger Nano S Plus and the Ledger Nano X are all good options. Of the three devices, the Nano X has the most space between its two buttons.

To wirelessly manage your crypto on the go, the Ledger Nano X's Bluetooth capability provides the most convenient option of the bunch.

Trezor vs. Ledger: Price

The Trezor Model One and the Nano S Plus have comparable prices, but the Nano S Plus offers a broader range of features and a higher level of security than the Model One.

The Model T and the Ledger Stax — the top-tier models from Trezor and Ledger — both offer a full suite of features. They both have a touch screen, but the Ledger Stax's touch screen is more advanced and the wallet is Bluetooth-enabled.

Of these 5 devices, the Nano S Plus offers the most bang for your buck. For the moderate price of US$79, the Nano S Plus has most of Nano X's and the Ledger Stax's functionality and a great deal more features than Trezor's wallet that's comparable in price: the Model One.

Trezor vs. Ledger: Company stats

Traffic and company profile data sourced from Similarweb and accurate as of January 2023.

Final verdict

Both Trezor and Ledger make industry-leading hardware wallets for storing the private keys to your crypto safely offline.

Either wallet maker can offer you a legitimate and secure product, so which you choose will come down to your budget and cold storage needs. But in this comparison, it was hard to overlook Ledger's strengths; it took out 6/7 of our categories and tied in one.

Safe storage for your assets is one of the most crucial parts to owning crypto, so make sure you've researched the best crypto wallets on the market and considered some hardware wallet alternatives before deciding which is best for you.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circ*mstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.