Which one is the conqueror between Trezor vs Ledger Nano?
The cryptocurrency exchange is highly vulnerable to attacks as well as scams, due to the hacks of various accounts on most of the prominent cryptocurrency exchanges. Therefore, all the day traders are highly advised to transfer their cryptocurrency funds from the exchange account to your personal wallet where it can stay safely. Otherwise, if the fund stays in the account balance itself then it is connected to the internet, indirectly increasing the probability of its loss but when it comes to the personal storage, no other entity gains control over their personal funds. Certain Wallets are highly adaptive and support many types of cryptocurrency tokens while some of the other Crypto wallets are designed in a specific manner to support only certain cryptocurrencies. Let us compare trezor vs ledger nano.
What are cryptocurrency wallets?
Cryptocurrency wallet is basically nothing but a piece of program code which effectively assists the Crypto enthusiasts to store their cryptocurrency funds in a safe manner. Basically, the cryptocurrency wallets are of 2 types, Hardware wallet, and Software wallet. The hardware wallet is highly reliable, as they are the perfect form of cold storage. The precise reason is that it is disconnected from the internet, making it impossible for the hackers to penetrate into it.
Two of the most prominent hardware wallets are Trezor and Ledger Nano. In this article let us try to come to a conclusion between Trezor vs Ledger Nano. Both Trezor and Ledger Nano S are the cryptocurrency hardware Wallets which exist in a physical format in the form of a pen drive.
Trezor vs Ledger Nano: Introducing two of the best hardware wallets in the Crypto domain
The treasure was initiated in the Year 2014 and was one of the world’s first cryptocurrency Bitcoin hardware wallet. The hardware wallet was developed by a Czech Republic-based company SatoshiLabs with Marek Palatinus as the founder. The founder is also well to have been initiated one of the most renowned crypto mining pool, Slushpool. The Ledger Nano S hardware wallet was a result of joint efforts taken by eight of the key people within a French company named Ledger, who was dedicated to developing one of the most reliable and secure forms of storing the Crypto funds.
Trezor vs Ledger Nano: Crypto coins supported
The type of the cryptocurrencies supported by each one of the hardware wallets is highly crucial, as it might prove to become obsolete if they wouldn’t be able to store the desired cryptocurrencies. The cryptocurrency coins that are supported by Trezor are Bitcoin, Litecoin, DASH, Zcash, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, ERC-20 Tokens (tokens on the Ethereum blockchain), etc. On the other hand, the types of Cryptocurrencies supported by ledger Nano S hardware wallet are Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Bitcoin Gold, Litecoin, Dogecoin, Zcash, Ripple, Dash, Stratis, Komodo, Ark encounter, etc.
Trezor vs Ledger Nano: The market price
The prices of the cryptocurrency hardware wallets cannot be compared to the level of security that they incorporate, in order to secure our hard earned cryptocurrency funds. The cost of treasure is around $109 at the official website and $104.3 when ordered through Amazon. On the contrary, the Ledger Nano S is slightly expensive when compared to that of treasure where the prices are around $116 on the official website but $99 when bought through Amazon.
Trezor vs Ledger Nano: Security is one of the major concern
Both of the cryptocurrency wallet providers incorporate levels of security but when it comes to Treasure wallet, it offers an intuitive mechanism in order to safely enter the passcode. It provides a 3 x 3 form of a matrix, containing randomized numbers, disabling the hackers to log them. But the duplicate keys can be identified by the keyloggers and therefore Treasure doesn’t prove to be that secure. On the other hand, the ledger of Nano S provides a two button mechanism in order to enable the user to enter their passcodes. Interestingly, one button is used to increase the value of the digits and the other one to decrease it, and when both of them are pressed simultaneously, the digit is recorded by the system.
Also, the customer service offered by both of the parties are amazing as well as highly competitive in nature. Various bits of frequently asked questions are available at their official websites respectively.