If you are a newbie and just stepping out in the world of cryptocurrencies then you must also be well versed with their management. Yes, buying is one part but the management of currencies is also important.
Hardware wallets are the best available sources to serve a security purpose. A hardware wallet is a cryptocurrency wallet that stores the user’s private keys These physical devices keep cryptocurrency safe because the keys are offline. Offline mode does not allow any unwanted access which is better than an online wallet. Your private keys are in your control and no one can steal your assets like Bitcoin Ethereum etc, The two well-known and best hardware wallets are Trezor and Ledger.
What is Trezor and Ledger?
Trezor was the first and the foremost hardware wallet that was introduced for cryptocurrency. Being released in 2014, this offline cold storage device has undergone many changes. It saves the currency from third party frauds and hackers. Flexibility and connective are the best features of this device, especially while trading. However, the basic model of this device is made up of plastic and the stainless steel version is a bit expensive. Trezor have Two Model Trezor One and Trezor Model T.
Ledger Company located in France created this hardware wallet and this was also launched in 2014. The shape of this device resembles a USB drive. This device provides a safe way of making digital payments and stores cryptocurrencies effectively. It is compatible with all the computer models and software versions that are present in the modern world. Ledger also has two versions of hardware wallet Ledger Nano X and Ledger Nano S
Purpose and coin support of Trezor and Ledger
As stated earlier that these hardware wallets are required for storing the BItcoins or cryptocurrencies effectively and safely. They are modern tools for managing the digital form of currency. However, for better understanding, the use or purpose of Trezor and Ledger Nano S below mentioned points are mandatory for you.
- The private keys are always on offline mode so they are free from the risk of being copied or hacked and they are off from computers as well.
- There are no issues with viruses and malware programs.
- The transactions that are made through these devices are verified inside the devices, not in any computer.
- Security is based on long pins do even after the theft the device remains useless.
So, on the basis of the above points, it gets clear that these devices are best for sending the coins and are good for receiving as well. Apart from that, there are ample cryptocurrency types that are supported by these devices.
Checklist of coins that are supported by both the devices. However, this differs in Trezon and Ledger because of wide assortment and Ledger has Google extensions so its supporting capacity is higher than Trezor.
Usage of the devices:
Generally, Trezor goes well with mobile phones and desktops that have Linux, Mac or Windows as operating systems. It also supports Android devices and the extension of Google chrome is also available for managing the data that is stored inside it. The user interface of the gadget is designed effectively and it shows all the notifications on the top screen. On the left side of the top, there is a drop-down that helps in switching between the cryptocurrencies.
Ledger Nano S is compatible with Mac, Windows, and Linux and apart from this, it is also compatible with Chrome OS. However, extensions and chromium are required for this device to work properly but it is ultra-easy for users because every tool is marked clearly. The coins can be stored in a single place and can also be accessed from the same screen. The main advantage of Ledger Wallet is that they allows Staking ( getting reward for keeping coins in ledger wallet) on some coins.
How to Buy Trezor and Ledger
Price differ from country to country because of additional taxes charged by that respective country. The best way for buying these devices is to buy from their official sites. Both devices have effective shipping facilities. Generally, Trezor uses DHL for shipping which is bit faster. We always recommend buying hardware wallet from official website.
The price of standard Nano S and Trezor one is 59 US dollars and if one goes for premium models like Trezor T and ledger Nano X then the price gets increased. $119 to $169 is the price range for both the premium range models.
If security, usage, and screen are the considering factors then Trezor beats Ledger but when price support, size and durability factors are considered then Ledger is the winner. However, security and unalterable form of transactions are some parts that are crucial that makes Trezor win the overall race.