Trezor and Ledger are two of the world’s chief hardware wallet makers. Dissimilar to hot wallets, hardware wallets are ordinarily invulnerable to viruses, have added security due to pin encryption, and require confirmation on the hardware device. Both provide over 1,000 coin support, secure hardware wallets, and crypto exchanges. Trezor, a product of SatoshiLabs, was introduced in 2013 and had its main office in Prague, Czech Republic. Ledger was established in 2014 and had its main office in Paris, France.
The Ledger wallets run their custom operating system, BOLOS (Blockchain Open Ledger Operating System), meaning that we cannot see what code goes into the device and its firmware. The Ledger Live app supports over 1,100 cryptocurrencies. Trezor Model T is a crypto hardware wallet with open-source firmware and software developed by SatoshiLabs. Since it supports more than 1,200 cryptocurrencies, TrezorSuite makes it simple to manage cryptocurrencies with the Trezor Model T.
Trezor models use a single chip base and closed-source firmware and are not open to third-party vulnerability tests. It offers improved private key security with Shamir Backup. Ledger hardware wallets use a double-chip base. The first one is a general-purpose 32-bit microcontroller (STM32F042K), with the second chip being a bank-grade secure element (SE), providing additional security against hardware-based attacks.
In Ledger wallets, the password is connected to a different PIN that is entered with regular keys. The password manager in Trezor wallets is cross-platform and compatible with macOS, Windows, and Linux. It also works with Chrome.
Trezor and Ledger are hardware wallets that store users’ private keys and let them take those funds offline, called cold wallets. Regarding security, it’s tough to determine which wallet is better, depending on a user’s preference.
Trezor and Ledger are compatible with both computers and smartphones. Ledger supports Windows 8+, macOS 10.10+, and Linux, excluding ARM Processors. It is also compatible with Android 7+ smartphones. Trezor supports operating systems such as Windows, macOS, Linux, and Android OS.
The user’s preferences will ultimately determine which crypto hardware wallet they use, which is very secure. The Trezor Model T is open source, whereas the Ledger device has its proprietary closed operating system and Secure Element chip type. Both architectures have advantages and disadvantages, and that difference has sparked discussions for many years.
The seals on a Trezor box provide security, and since the case is ultrasound-sealed, it is virtually impossible to open the device without breaking it. As a result, you could tell if someone had tampered with the box.
Durability is a factor to consider when buying a hardware wallet because they are not inexpensive. The Ledger hardware wallets have a foldable stainless steel “casing” that increases their durability and improves their appearance. However, all Trezor hardware wallets, including the expensive Model T, are plastic.