Trezor vs Ledger

We size Trezor and Ledger wallets up against one another to see which hardware wallet brand comes out on top

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.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

Trezor vs. Ledger wallets overview

Trezor Model OneLedger Nano S PlusTrezor Model TLedger Nano X
Trezor Model One
Finder rating
★★★★★

Read full review

Ledger Nano S Plus
Finder rating
★★★★★

Read full review

Trezor Model T
Finder rating
★★★★★

Read full review

Ledger Nano X
Finder rating
★★★★★

Read full review

Dimensions60 x 30 x 6mm62.39 x 17.4 x 8.24mm64 x 39 x 10mm72 x 18.6 x 11.75mm
Display128×64px OLED screen128 x 64px OLED screen240×240px LCD touch screen128 × 64px OLED screen
Security mechanismARM Cortex-M3 embedded-arm processor @ 120MhzSecure element chipARM Cortex-M4 embedded-arm processor @ 168MhzSecure element chip
Security certificationsCE and RoHS certified (consumer safety, health and environmental health awardCSPN (First Level Security Certificate); CC EAL 5+ ratingCE and RoHS certified (consumer safety, health and environmental health awardCSPN (First Level Security Certificate); CC EAL 5+ rating
ConnectionUSB-A, WebUSB, Micro USB (for mobile)USB-A to USB-CUSB-C (for mobile), WebUSBUSB-A to USB-C; Bluetooth
CompatibilityPC (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)
Backup12-24-word seed phrase24-word seed phrase12-24-word seed phrase24-word seed phrase
Coin support1,000+5,500+1,800+5,500+
StakingYes, but only when linked to third-party walletsYesYes, but only when linked to third-party walletsYes
NFT management capability
Exchange built in to native software (Ledger Live and Trezor Suite)
Price (USD)$70$79$250$149
Buy the Trezor Model OneBuy the Ledger Nano S PlusBuy the Trezor Model TBuy the Ledger Nano X

Trezor vs. Ledger: Physical features

Trezor Model OneTrezor Model TLedger Nano S PlusLedger Nano X
ConnectionUSB-A, WebUSB, Micro USB (for mobile)USB-A to USB-CUSB-C (for mobile), WebUSBUSB-A to USB-C; Bluetooth
Feel/appearancePlastic casing; lightweight; shaped like a rectangle with a triangle below it; two buttons on front of facadePlastic casing; lightweight; shaped like a rectangle with a triangle below it (and larger than Model One); touch screenStainless steel swivel outer shell and plastic casing; hearty weight; shaped like a flash drive; two buttons at topStainless steel swivel outer shell and plastic casing; hearty weight; shaped like a flash drive; two buttons at top
Display128×64px OLED screen128 x 64px OLED screen240×240px LCD touch screen128 × 64px OLED screen
Battery
Must be plugged in to function

Must be plugged in to function

Must be plugged in to function

Can function without being plugged in

All Trezor and Ledger devices connect via USB, but only the Ledger Nano X connects via Bluetooth and has an internal battery.

Ledger devices can also feel a bit more hearty than Trezor devices. This is largely due to the stainless steel swivel cover on Ledger’s hardware wallets.

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 is the only hardware wallet with a touch screen featured in this list.

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Winner: Trezor

Because of the Model T’s touch screen, Trezor just edges out Ledger in this category.

Go to Trezor's website

Trezor vs. Ledger: Supported assets

Trezor Model OneTrezor Model TLedger Nano S PlusLedger Nano X
Coin support1,000+ crypto tokens and coins1,800+ crypto tokens and coins5,500+ crypto tokens and coins5,500+ crypto tokens and coins
NFT private key storage
NFT supportTrezor Suite does not provide native support to view or manage NFTs.

Connect your Trezor wallet to a Web3 wallet (MetaMask, for example) to view your NFTs on the Ethereum network
Ledger Live provides native support to view and manage NFTs on the Ethereum and Polygon blockchains.

Connect your Ledger device to a Web3 wallet to view and manage NFTs stored on other blockchains.

Both the Ledger Nano X and the Ledger Nano S 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.

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Winner: Ledger

Ledger’s wallets were the clear winner in this category because of their broad coin, token and NFT support.

Go to Ledger's website

Trezor vs. Ledger: Security

Trezor Model OneTrezor Model TLedger Nano S PlusLedger Nano X
Security chipsARM Cortex-M3 embedded-arm processor @ 120MhzARM Cortex-M4 embedded-arm processor @ 168MhzSecure ElementSecure Element
CertificationsCECECC EAL 5+CC EAL 5+

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.

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.

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Winner: Ledger

Ledger was the winner in this category because of its security track record and use of the Secure Element chip.

Go to Ledger's website

Trezor vs. Ledger: Built-in software

Trezor SuiteLedger Live
User interfaceClean; intuitive; good portfolio overviewClean; intuitive; good portfolio overview
StakingNo staking cryptos via Trezor Suite; sync Trezor wallet with a Web3 wallet to stake cryptosStake a handful of cryptos via Ledger Live; sync Ledger wallet with a Web3 wallet to stake cryptos
Built-in exchange
Lend option
Via Compound
Mobile software app
For Android

For Android and iOS

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 — a decentralised exchange (DEX) that doesn’t require Know Your Customer (KYC) verification. 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.

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Winner: Ledger

Ledger was the winner in this category because of its staking and lending options via Ledger Live and the Nano X’s compatibility with the Ledger Live mobile app.

Go to Ledger's website

Trezor vs. Ledger: Web3 apps

TrezorLedger
Staking
  • No staking coins via Trezor Suite
  • Connect your Trezor device to a Web3 wallet to stake other assets that you manage on the device
  • Stake a handful of coins via Ledger Live
  • Connect your Ledger to a Web3 wallet to stake other assets that you manage on the device
Borrowing/lending
  • No borrowing and lending via Trezor Suite
  • Connect your Trezor device to a Web3 wallet to use borrowing and lending decentralised platforms like AAVE
  • Borrow and lend via Ledger Live’s interface, which is connected to Compound
  • Also connect your Ledger Live to a Web3 wallet to borrow or lend via decentralised platforms like AAVE
NFTs
  • No managing NFTs via Trezor Suite
  • You can connect your Trezor device to a Web3 wallet to manage NFTs whose private keys are stored on your device
  • Manage NFTs on Ethereum and Polygon via Ledger Live
  • You can also connect your Ledger device to a Web3 wallet to manage NFTs on other blockchains

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.

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Winner: Ledger

Ledger was the clear winner in this category because of Ledger Live’s numerous Web3 capabilities.

Go to Ledger's website

Trezor vs. Ledger: Ease of use

Trezor Model OneTrezor Model TLedger Nano S PlusLedger Nano X
Physical interface
  • 128x64px screen
  • Two buttons – for scrolling and yes-no functions
  • 240x240px screen
  • Touch screen
  • 128 x 64px screen
  • Two buttons – for scrolling and yes-no functions
  • 128x64px screen
  • Two buttons – for scrolling and yes-no functions
Software interface
  • Clean; intuitive; easy to use
  • Device must be connected to use
  • 128x64px screen
  • Nano S Plus must be connected to use, while Nano X can utilise Bluetooth to engage with mobile version

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

TrezorLedger
Model One – US$70Nano S Plus – US$79
Model T – US$250Nano X – US$149

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 Nano X — the top-tier models from Trezor and Ledger — both offer a full suite of features. Two main differences between these two devices include the Model T having a touch screen while the Nano X doesn’t and the Nano X being the only Bluetooth-enabled wallet across both ranges.

Of these four devices, the Nano S Plus offers the most bang for your buck. For the moderate price of $79, the Nano S Plus has most of Nano X’s functionality and a great deal more features than both the Model One and the Model T.

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Winner: Ledger

Ledger was the winner in this category because of how much value the Nano S Plus offers at such a fair price point.

Go to Ledger's website

Trezor vs. Ledger: Company stats

TrezorLedger
Year founded20132014
HeadquarteredPrague, Czech RepublicParis, France
Employees51-200201-500
Monthly site traffic1.6M3.5M
Twitter followers178K519.6K

Traffic and company profile data sourced from Similarweb and accurate as of August 2022.

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 5/7 categories and was our overall winner.

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Winner: Ledger

A summary of why we chose Ledger as our overall winner:

  • Ledger wallets support more crypto coins and tokens than Trezor wallets
  • Ledger wallets — in conjunction with Ledger Live — make it easier to manage NFTs
  • Ledger wallets offer more features for their price points
  • The Ledger Nano X is Bluetooth enabled and compatible with iOS
  • Ledger offers a higher level of security with the Secure Element chip
Go to Ledger's website

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.

Methodology: Trezor vs. Ledger

We compared Trezor and Ledger hardware wallets based on a broad range of criteria. These criteria included the physical and software features, supported digital assets and NFTs and price. We also looked at how easy these devices are to use, how they engage with Web3 dapps and the level of security that they provide.

The prices and information used in this comparison are accurate as of August 2022.

Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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