The Ledger Nano X vs. Trezor Model T: the two premier heavyweights when it comes to retail crypto cold storage wallet solutions. But how exactly do these two devices compare in a heads up match between each other?
In today’s article, we are going to explore the similarities and differences between both devices in order to give you – the discriminating crypto investor – a better idea of which you should buy with your hard-earned Satoshis. Take note that this is not a comprehensive review of either product. Rather, this article attempts to compare and contrast the most relevant aspects of each wallet from the perspective of a retail crypto holder.
The Nano X and the Model T will be reviewed under the following five categories. The categories are listed in order of priority, from most (security) to least (sex appeal (aesthetics)) important.
- Security
- Ease of Use
- Supported Coins
- Price
- Sex Appeal (Aesthetics)
| Ledger Nano X | Trezor Model T | |
| Security | High level security for retail investors
Closed-source technology SE chip Marketing data leak exposed customers to phishing attack |
High level security for retail investors
Open-sourced technology STM32 chip Theoretically better security than Nano X when passphrase enabled. Without passphrase, susceptible to “power glitch” hacks. |
| Ease of Use | More convenient over Model T due to Bluetooth and internal battery
Works with desktop, Android, and iOS Allows for staking on Ledger Live. |
Hardwired connection only and no internal battery
Works with desktop and Android |
| Supported Coins | Supports 5000 currencies | Supports 1800 currencies |
| Price | $150 | $220 |
| Sex Appeal (Aesthetics) | 9/10
Heavy USB design with brushed stainless steel |
7/10
Stopwatch design with magnetic dock |
Let’s do this.
Security
Security. It’s the entire reason anyone is buying a crypto cold wallet solution. So how do the Nano X and Model T compare in terms of security?
Before diving into the details, from a practical perspective, both the Nano X and Model T are incredibly secure. The vast majority of retail investors are extremely well protected when properly using either wallet. Unless you’re Michael Saylor, then know that either will get the job done.
But if we’re going to nerd out, then let’s nerd out.
Ledger Nano X vs. Trezor Model T: Security Similarities
The Nano X and Model T store and hold critical data (the access PIN, the seed phrase, and the private keys) on only the devices themselves. Neither wallet ever shares this data with any other related software applications.
Both devices are secured by PIN codes that users manually establish during setup. Ledger allows for codes between 4 to 8 digits. Trezor recommends a 6 digit code, but allows for up to 50 digits long.
Both systems require transactions to be physically confirmed on the devices themselves. Users set up outgoing transactions on related desktop or mobile software, but they must confirm each transaction by physically pressing inputs on the devices themselves.
Both devices allow for optional, secondary “secret” wallets. Ledger owners must establish a second PIN for access to this secret wallet, while Trezor owners must establish a passphrase for access to the same.
Ledger Nano X vs. Trezor Model T: Security Differences
Ledger uses closed-sourced, proprietary software….
David learned about bitcoin in 2015 and has closely followed the crypto industry since then. His professional interests center around bitcoin, layer-one blockchain protocols, decentralized finance, and clean energy. An attorney by trade, David has held licenses to practice law in the State of Hawaii and in US federal courts.
