The Trezor Model T and Ledger Nano X are the two foremost cold wallets known in the crypto space. Their first models were released in 2014 and premium and improved ones were released in 2018 (Trezor Model T) and 2019 (Ledger Nano X).
We will not say that these two manufacturers are rivals but, we can say that they have been very competitive in providing excellent security while adding an awesome user- experience to delight users. right from inception.
Before we delve into the review, let’s examine the Trezor Model T and Ledger Nano X cold wallets at a glance.
Pros and Cons of the Trezor Model T
|Supports over 1300+ coins and tokens||Highly-priced|
|A large color touchscreen interface||No battery, powers with a USB cable|
|Compatible with Android, macOS, Linux, and Windows. Android’s version 5 (Lollipop)||iOS does not support Trezor Model T|
|A faster processor is rated at 168 MHz|
|Supports the Shamir backup for better offline security|
Pros and Cons of the Ledger Nano X
|Supports over 1000+ coins and tokens||Slightly heavy (34g)|
|Large mono-color screen interface with Bluetooth technology.||Bluetooth might pose a security risk|
|Ledger Live is compatible with many third-party wallets such as Trust Wallet, MetaMask, MyEtherWallet.||2 Button controls, no touchscreen functionality.|
|Inbuilt 1000AH battery|
|Supports iOS 9+ Andriod 7+ devices, Windows *+, macOS 10.8+. Linux excluding ARM processors.|
|Supports multiple languages|
|Supports major blockchain networks|
Trezor Model T and Ledger Nano X – Differences
|Trezor Model T||Ledger Nano X|
|It supports over 1000 cryptocurrencies and tokens.||It supports over 1100 cryptocurrencies and tokens.|
|It does not support Linux software.||It supports Linux software.|
|You can trade cryptocurrencies on the Trezor Model T||You cannot trade cryptocurrencies on the Ledger Nano X.|
|It does not have a password manager feature.||It has a password manager feature.|
|You cannot connect to the wallet through Bluetooth and WiFi.||You can connect to the wallet through Bluetooth and WiFi.|
|It costs 189 USD.||It costs 149 USD.|
|It does not accept payment via PayPal and wire transfer.||It accepts payment via Paypal and wire transfer.|
Trezor Model T and Ledger Nano X – Similarities
|Similarities||Trezor Model T and Ledger Nano X|
|2FA Two-factor Authentification||Yes|
|Transaction Fee Control||Yes|
|Wallet Control||Desktop and Mobile|
|Credit/Debit Card Payments||Yes|
• The Trezor Model T and the Ledger Nano X are two of the best crypto hardware wallets available in the crypto market.
• The Ledger Nano X has a security chip that is certified by CC EAL5+ and is authorized by the French cyber security body ANSSI.
• The Ledger Nano X has a Ledger Live dashboard which provides its users with the opportunity of managing their crypto portfolio as easily as possible.
• The Trezor Model T has a 25th seed word that ensures that you have easy access to your crypto assets if your web application gets hacked.
SEE ALSO: Coinkite Cold Hard Wallet Vs Ledger Nano X – Which is Better?
Having highlighted the pros and cons as well as the similarities and differences of these two premium wallets, I will be going ahead to discuss them in detail to help you make an informed decision based on what they have to offer.
So, let’s start by taking a look at the Ledger Nano X.
The Ledger Nano X: Overview
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The Ledger Nano X comes in a well-built box that contains the Nano X device, a USB-C cable, a pamphlet containing how-to-use instructions, and a recovery seed card.
The 2 control buttons that are very visible on the Nano S are well integrated into the Nano X in such a way that it can hardly be seen, making it an excellent design.
Two key features that particularly stand out about this wallet are the Bluetooth feature and the ability to operate it with your smartphone via the iOS and Android apps.
Also, you now have the opportunity to store and manage up to 100 cryptocurrencies simultaneously without the need for a desktop or a laptop. The device also comes with increased storage space and wireless connectivity, a bigger size, an integrated 2-function button, and a bigger screen for checking transactions.
Because the device is highly secure and comes with a universal charging cord, it becomes much more appealing to store your cryptocurrency in it with the confidence that it will be safe from attacks or thefts.
Ledger Nano X: Security
Ledger is at the forefront of the industry’s device security development. The Nano X comes with a secure chip certified by CC EAL5+ that is responsible for the security of the device and runs Ledger’s proprietary BOLOS operating system.
Also, only Ledger devices have full authorization from the French cyber security body ANSSI, which is very impressive, to say the least.
Ledger Nano X: User Experience
To be honest, the user experience of the Ledger Nano X is a significant improvement over the Ledger Nano S. Having said that, it has some known flaws that I feel I should talk about briefly here.
Despite being physically larger than its predecessor, this device does not have a friendly interface and might be a challenge for new investors planning on making use of the device for the first time.
For example, the screen is still quite tiny and cannot handle scanning a QR code. This may not be an issue at first glance, but when compared to other hardware wallets, one would come to value the benefit of having a good screen size and making use of a QR code.
Using a QR code is not only safer (since it eliminates the possibility of error when manually putting in a wallet address), but it is also quite fast and simplifies the entire process of transacting offline.
Although this device’s quality has improved significantly from its last version, some elements of the previous version can still be found in this one.
Ledger Nano X: Cryptocurrency Support
The Ledger Nano X has integrated into it the Ledger Live dashboard, which is a desktop and mobile application that gives you the ability to manage your crypto portfolio and future transactions in a user-friendly interface.
The Ledger Live Dashboard allows you to have access to up to 1100 crypto coins supported by it.
Of these 100 crypto coins, close to 200 of them are native applications, which means that you can manage them without the need for an external wallet through the Ledger Live app.
You can check out the full list of cryptocurrencies supported by the Ledger Nano X wallet here.
Next up is the Trezor Model T. Let’s take a look at the features of the Trezor Model T below:
Trezor Model T: Overview
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When it was released in early 2018, the Trezor Model T included a touch screen for improved security, an SD card slot for signing transactions offline and having more external storage, and an increased size while also introducing a universal USB-C connector.
This device has been upgraded significantly from its predecessor, offering a variety of new features and security to the way the device is used daily by including additional authentication elements.
Furthermore, it added more cryptocurrency support to the list of supported cryptocurrencies and expanded the RAM space to accommodate a larger portfolio of cryptocurrencies if you wish to store even more crypto.
Trezor Model T: Security
The Trezor Model T comes with an impressive security feature, as shown by the security sticker covering the USB-C input on the device itself.
When accessing your account, you can set a “password” or a “25th seed word.” This implies that if/when you need to utilize your recovery seed to restore your device, you will need to input not only the 24 seed words in the exact sequence but also the custom pass to fully restore your wallet.
What this means is that if your web application is hijacked or if you have a key logger on your PC, you can easily unlock your device by inputting the custom passcode once enabled.
What makes this device also unique is that it includes a touch screen, and the PIN and custom passcode (if enabled) will be inputted on the device rather than the online app.
Trezor Model T: User Experience
The touch screen on this device is quite nice but quite small, which might be uncomfortable for those that have large hands as they may find it difficult to input the pin-code and/or additional “25th seed phrase” as a password on the device.
Nonetheless, the gadget is rather sturdy and has a lot to offer in terms of security and usefulness. It also includes an elegant SD card slot that can be used to sign transactions offline and import them.
Trezor Model T: Cryptocurrency Support
This device supports over 1,200 cryptocurrencies, but the majority of them have third-party wallets established by either the development team for that crypto directly or significant third-party wallets that handle hundreds of ERC-20 tokens, such as Mycelium and MyEtherWallet.
HoloChain, Lunyr, Chainlink, and Polymath are some of the cryptos that are supported on this device and are accessible to buy on the web app. You can check out the complete list of cryptocurrencies supported by the Trezor Model T here.
The Trezor wallets (including the Trezor model T) are constantly adding new cryptocurrencies to their support systems to be made available to their users, so if you are looking to store cryptocurrencies that the Trezor devices do not support at the moment, keep an eye on them as that might soon become possible in the future.
Frequently Asked Questions (FAQs)
Is the Trezor Model T worthwhile?
Yes, it is, as it is a reliable cryptocurrency hardware wallet for both new and experienced users so long as they can afford it.
What happens if I misplace my Ledger Nano X?
Ledger devices are covered by warranties, which means that you should be able to receive a free replacement from an authorized retailer in the event of misplacement. In this situation, just import the recovery seed into the new hardware wallet to retrieve your crypto assets.
The Trezor Model T and the Ledger Nano X are both good hardware wallets. Picking one over the other will ultimately come down to the features best suited for your needs.
Hence, I suggest you take a look at their respective features in this article before deciding which to go for.
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