Ledger or Trezor – Which is Better to Buy for Safe Cryptocurrency Storage? Where to Store Bitcoin (BTC) and Ethereum (ETH) Coins?
Undoubtedly, this is the most commonly asked question in the world of cryptocurrencies today. Let’s start by saying that both Ledger and Trezor wallets are extremely secure, as they are the two top competitors for the title of the best cold wallet.
Our recommendation is to buy a Ledger wallet, so we will primarily focus on it. However, we will also discuss the advantages and disadvantages of both wallets.
It is important to note that this article is solely based on our opinion and is not a recommendation for any specific action or company.
General Background on Ledger and Trezor
Hardware Wallets – General Background The two wallets created in 2014 and were the first to develop a cold wallet (not connected to the network unless physically connected to a computer and entering the private key during connection), which provides maximum security for cryptocurrencies. These companies created an external device, essentially an external hard drive (which connects via USB to a computer), which when connected to the computer activates encryption at the highest level, blocking and immune to phishing attacks for the purpose of stealing cryptocurrencies, thus creating maximum security (even when the computer is infected with spyware).
The Wallet in General –
The Trezor and Ledger wallets come with a small screen and two plastic buttons. The two buttons are used to move forward/backward and enter the secret code. Using the wallets is very simple and you can start using them by downloading the necessary wallets from their official website.
Once you start using the wallets, you will find that the Ledger wallet is easier to use and more convenient in terms of downloading external wallets. If you purchased a coin from the top 20+ and want to store it in a wallet, you will not find it in Trezor because they do not support it (which is a huge disadvantage in our opinion). Trezor wallets support about 20 coins while Ledger wallets support more than a thousand cryptocurrencies, and their support only continues to grow as both their development and security levels improve day by day (expect numerous software updates for your Ledger).
Overall, our winner is definitely the Ledger wallet.
What comes inside the packaging of Ledger/Trezor –
The packaging of both Ledger and Trezor includes the hardware wallet device, a USB cable for connecting the device to a computer or mobile device, a recovery seed card or booklet, and a user manual. The recovery seed is a crucial component that enables users to restore their wallet in case the device is lost or damaged. The devices may also come with additional accessories such as protective cases or keychains. It is important to note that the specific contents of the packaging may vary depending on the specific model and version of the device.
Summary
Our recommendation is undoubtedly to purchase the Ledger cold wallet. This is not only in terms of security for your cryptocurrencies, but also because it is very convenient to use. In addition, the Ledger wallet supports a wide range of cryptocurrencies that are not available on Trezor. Another consideration that we did not mention is the price, as the Ledger wallet is €20 cheaper. However, the price difference may not necessarily be justified. Our entire team uses the Ledger wallet because we find it easier to use personally and, most importantly, it is very secure.
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