The importance of protecting your cryptocurrency wallets is increasing as the value of Bitcoins and other crypto currencies increases. It is not a brand new issue. You can prevent these potential losses using a hardware wallet.
Ledger and Trezor have launched new wallet models – Trezor X and Ledger nano X. Click on the links to read reviews or purchase them immediately by purchasing for Ledger T , or for Ledger X.
Bitcoin hardware wallets offer a much higher level of security than software wallets. The private keys, aka the Bitcoins, are stored on a hardware wallet instead of on a computer. This reduces the surface area for hackers to steal the coins.
If you use one of the Hardware Wallets, your bitcoins will remain safe even if an attacker compromises your PC with keyloggers and remote access tools.
These 3 hardware wallets will help you protect your identity. All three hardware wallets work with USB on Linux, Windows, or OS X and all of them have screens built-in.
What is new about the Ledger nano S plus? See our comparison between Nano S Plus vs Nano S / Nano S Plus vs Nano X.
TREZOR, released a few year ago, was for some time the only hardware wallet available. The Ledger Nano S, and KeepKey have now been released to create a great deal of competition on the hardware wallets market. These devices can be considered the “big three” hardware wallets on the current market. All three devices work the same way and can only be used when connected to your computer.
Competition has lowered the prices of hardware wallets, but also complicated choosing one. The following comparison is for TREZOR vs. KeepKey vs. This comparison of Ledger Nano S and KeepKey will help you decide which wallet suits your needs better.
|The Wallet||Prices are a little higher than usual.||Buy|
|Ledger Nano S||$60||Click here to buy!|
|KeepKey||$49||Click here to buy!|
The company behind TREZOR, Satoshi Labs, was the first to bring to market a bitcoin hardware wallet. They also created Slush Pool and CoinMap.org, and as such they are well trusted and respected. The TREZOR hardware wallet offers the greatest third party integrations, and it has been a trusted and solid product since 2014.
TREZOR is compatible with the following currencies: Bitcoin (BTC), Litecoin(LTC), DASH, Zcash/Bcash/Bcash/BCH (BCH), Bitcoin Gold/BTG (BTG), Ethereum/ETH/ETC, ERC-20 tokens, Expanse/EXP, UBIQ/UBQ, NEM/XEM, Namecoin/Dogecoin.
Ledger Nano S
Ledger has been around since late 2014, and their first product was the Ledger Nano. Today they have a small selection of products with varying price points. The company is widely respected for the security of their products.
Ledger Nano S is compatible with the following coins: Ark – Bitcoin – Bitcoin Cash (best Bitcoin cash wallets ) – Bitcoin Gold – Ethereum (best wallets for ethereum )/ Ethereum classic Expanse Dash — Litecoin â€“ Komodo â€“ Litecoin â€“ XRP â€“ XRP Wallets. The following is the full list of supported coins for Ledger Nano S as well as a Review of Nano S wallet.
KeepKey has only been around since late 2015, which means that it is the newest cryptocurrency hardware to hit the market. The company has built a nice bitcoin hardware wallet that is based on TREZOR firmware.
KeepKey is compatible with BTC (Bitcoin), LTC (Lotus Coin), DASH, ETH (Ethereum), ETC(Ether), NMC and DOGE.
|Ledger Nano S||$60|
The Ledger nano S wallet is by far the most affordable of all three. You can get it for $60, and even get the duo version which includes 2 Ledger Nano wallets. One will be an additional backup. The KeepKey was previously sold for $239 but is now only $49 The TREZOR is last but certainly not least. It has the exact same price ($49) as KeepKey.
Design and Size
The TREZOR is by far the smallest of the three wallets. The Nano S can be folded into about the same size as the TREZOR. However, to use it you must unfold it. Each wallet does have some unique differences.
KeepKey and Ledger nano S both have two physical buttons.
The KeepKey is much bigger than either of the two other wallets. Its larger screen allows it to be recovered securely using a less-leaked cipher.
The Ledger nano S, KeepKey and TREZOR are all made of aluminum. Aluminium sounds nicer, I understand. The TREZOR plastic is actually more resistant to drops.
KeepKey and Ledger nano S are available in three colors – white, gray and black.
The TREZOR was the only hardware wallet that featured a screen for a while. However, a screen is such an important security feature for a hardware wallet, so it was clear that more hardware wallets with a screen would be built.
Nano S has a tiny OLED display that lets you control transactions. The TREZOR has a similar small OLED display that displays a nine-digit randomly generated pin code, as well as a 24-word seed for recovery. KeepKey is heavier than the two other wallets but has a bigger screen.
All three hardware wallets are very easy to setup and I have been able to set up all three in just a couple of minutes. They all require a micro USB cable to use.
The setup of all three hardware wallets is very similar. You will need to set a PIN and write down your backup recovery seed.
When we talk about security, all three wallets are very similar.
There are two main differences: the KeepKey and the TREZOR both function as small computers. The Ledger Nano S, on the other hand, uses two separate secure elements/chips.
All three wallets also have screens. They can therefore be used and set up securely on infected computers.
Compatibility with Software
It’s important to note that you need software in order to use any hardware wallet. The software helps you command and interact with the wallet. In the table below, you can see the compatibility of Bitcoin wallet software with each hardware wallet.
|TREZOR||KeepKey||Ledger Nano S|
|Mycelium||You can say that.||You can say that.||You can say that.|
|Electrum||You can say that.||You can say that.||You can say that.|
|GreenAddress||You can say that.||You can say that.||You can say that.|
|GreenBits||You can say that.||You can say that.||You can say that.|
|MultiBit High Definition||You can say that.||You can say that.||You can also find out more about the No.|
|Copay||You can say that.||You can also find out more about the No.||You can say that.|
|KeepKey Chrome||You can also find out more about the No.||You can say that.||You can also find out more about the No.|
|Ledger Chrome||You can also find out more about the No.||You can also find out more about the No.||You can say that.|
|MyTREZOR||You can say that.||You can also find out more about the No.||You can also find out more about the No.|
|Visit Now||Visit Now||Click Here Now|
Conclusion – Trezor vs Ledger vs KeepKey
The Ledger Nano S is the cheapest wallet. Then, there are the physical aspects, namely the form factor and materials, and this should mainly depend on how you’ll use the device and your individual preference.
Ledger Nano S or Trezor is perfect for people who travel frequently and want to carry their device at all times. If you’re a fan of open-source software, the TREZOR is for you. If you are looking for a more durable device you may want to consider the Nano S.
The KeepKey will appeal to those looking for an attractive design and larger display that doesn’t require them to leave their desk.
Beginners should choose either KeepKey or TREZOR. The Nano S was a little more challenging to upgrade the firmware. Pressing the two buttons at the same time can also be difficult.
I’m not planning to give up my Ledger Nano any time soon, as I find its metal protective cover, subtle USB-stick design, and compact size hard to match.
These hardware wallets are better than keeping Bitcoins on an exchange or in a wallet that is under your control. These three hardware wallets are all excellent at handling private keys, and allow you to have full control over your funds.