Trezor v. Ledger Nano S

Keeping and managing your cryptocurrency investments in a safe condition has become more important than ever before. Fortunately, there are a lot of established organizations, platforms and startups that provide you with some great cryptocurrency storage options.

Image Source : https://www.ledgerwallet.com/

When it comes to hardware wallets, both Trezor and Ledger stand out. They both serve the same purpose as cold storage devices – a very safe place to store your crypto. However, one has to edge the other out and that's the reason for this article.

Supported Coins
In this aspect, the Ledger Nano S is the clear winner. Even with this, Trezor covers most of the popular coins like Bitcoin, Litecoin, and Ethereum. However, when it comes to newer cryptocurrencies, the Ledger platform is superior.

• Trezor Supported Coins: Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Expanse (EXP), DASH Zcash (ZEC), Bitcoin Gold (BTG), Dogecoin (DOGE), Ethereum (ETH), Ethereum Classic (ETC), NEM (XEM), UBIQ (UBQ), Namecoin (NMC), and all ERC-20 Tokens.
  It is also worthy to note that Ledger supports every cryptocurrency offered by Trezor – and even more.
• Ledger Supported Coins: Bitcoin (BTC),), Bitcoin Gold (BTG), Ethereum (ETH), Dogecoin (DOGE), Ethereum Classic (ETC), Dash (DASH), Litecoin (LTC), Zcash (ZEC), Ripple (XRP), Stratis (STRAT), Komodo (KMD), Expanse (EXP), Ubiq (UBQ), Qtum (QTUM), Bitcoin Cash (BCH), Vertcoin (VTC), Viacoin (VIA), Neo (NEO), Hcash (HSR), Ark (ARK), Stealthcoin (XST), Stellar (XLM), Digibyte (DGB), PivX (PIVX) and all ERC-20 Tokens.

Security
In this aspect, both Trezor and Ledger are as strong as each other. Both wallets generate private keys offline with the help of their screens. They also both provide recovery seeds and ask users to set up PINS to access them. The recovery seed and PIN are for when your private key is lost because your wallet was misplaced, stolen or damaged. This recovery seed will be used to get your coins back.

Ledger stores your private key on very secure chips that are similar to the ones seen on credit cards and SIM cards. Trezor doesn't say too much about its chips, but it mentions that there's no Wi-Fi, battery, Bluetooth, Near-Field Communication (NFC) or fingerprint reader on the device. They believe that the device's security will be better if its method of communication is limited.

User Interface
Trezor uses a web-based wallet with an excellent user interface. All you need to do is go to Trezor.io, plug in the wallet and enter your PIN. The Dashboard on the homepage reveals your bitcoin amount, the current price and your transaction history.

On the other hand, Ledger products use Google Chrome apps to access your wallet. Its interface is sleek and simple, but it doesn't stand toe-to-toe with that of Trezor. One could argue that Ledger is cleaner than Trezor, but that dashboard feel isn't there.

Portability
Size is a particularly important factor when it comes to hardware wallets. Here, the Ledger Nano S edges out Trezor because of its design that is like the USB flash drive. However, the Trezor wallet isn't much bigger than the Nano S, but its width makes it uncomfortable to put in your pocket or wear as a keychain.

Verdict
In all honesty, the best all-round option from the two is the Ledger Nano S. Its portability and compatibility with a lot of coins make it an excellent option for any user looking to purchase a hardware wallet.