Trezor vs Ledger – Comparing Both Hardware Wallets

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Trezor vs Ledger - Comparing Both Hardware Wallets

Overview

When you think of buying a hardware wallet, two products come to your mind – Trezor vs Ledger. Every cryptocurrency holders want to have their coins investment safe, and thankfully two great companies provided storage options that you can rely on. However, sometimes it gets tricky when choosing and picking the best hardware, so we prepared you this article to compare Trezor vs Ledger.

Ledger Nano S – $79.99

Ledger Nano S is known as one of the most popular hardware wallets in the market. Sales have exceeded 1.3 million units worldwide since the launch of the product, thanks to its high security and multicurrency support. The wallet currency supports over 40 coins and 500 tokens, including Bitcoin, Litecoin and XRP.

Features 

  • Secure chip. The Ledger Nano S is based on dual chip architecture and designed to resist attackers
  • The operating system is developed by Ledger creating an individual shield around each application on the Ledger hardware.
  • Display screen so you can confirm your transactions
  • Everything on the Ledger Nano S is managed by two buttons only
  • You may run up to 18 applications in one go
  • More than 40 coins and 500 ERC tokens applications are ready to be downloaded on your wallet
  • Protected within a secure chip locked by a PIN code
  • Crypto assets are secured even if you lose your hardware wallet
  • 50 millimeters screen size

Trezor One – $74.99

Known as the next-generation hardware wallet. Designed with a modern interface to allow excellent user experience and security. Trezor is trusted by companies of all sizes, including Forbes, Bitstamp, and CNN.

Features 

  • Quick setup. You can start using your wallet within minutes after completing the registration
  • Easy to use
  • You can restore your keys, money, history and accounts with a secret word
  • Password management
  • Ultimate security. No matter how unsecured your computer is, your coins will always stay safe
  • State of the art cryptographic algorithms

Frequently asked questions (FAQ)

Question: Is it safe to use hardware wallets on a public computer?
Answer: Yes, you may use the hardware on a public computer without any issue, but we recommend not to risk it.

Question: Do I need to have more than one wallet to store multiple cryptocurrencies?
Answer: No, you may store more than one coin in each wallet.

Question: Do the hardware wallets work on IOS product?
Answer: Yes, both Ledger and Trezor work on Windows, Mac, and Linux.

Question: How do I cash out my cryptocurrencies holding on my hardware wallet?
Answer: All you need to do is transfer your funds to your exchange’s (Coinbase, Bitstamp, etc.) wallet address.