Ledger Nano S vs. Trezor Model One

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Hardware wallets are a great option for protecting your crypto. Not only do these devices store your private keys offline, but you can physically hold them in your hand, giving you complete control over where they are kept. But there are now so many hardware wallets on the market that it can be difficult to decide which one is right for you.

So today we are going to compare two popular wallets: the Ledger Nano S and the Trezor Model One. How do they differ and which comes first?

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The Ledger Nano S

Ledger is one of the most popular hardware crypto wallet producers today. The company’s two main models, the Nano S and the Nano X, are now commonly used to store private keys securely. But how does the Nano S measure up? What features does it have to protect your private keys and cryptography?

Price

Compared to other hardware crypto wallets in the market, the Nano S Register is more than reasonable in terms of price. Although Nano S prices vary, you can usually pick one up for around $60. Ledger is currently selling the Nano S for $64, though you may find it sells out at times.

Security functions

When it comes to a crypto wallet, security is a top priority. So let’s talk about the security features of the Ledger Nano S to determine if it’s a safe choice for you.

The first of the Nano S’s security features is its tamper-proof Common Criteria (CC) EAL5+ certified Secure Element (SE) chip. Although the name might be a bit long and confusing, what is important to note here is that this means that Ledger offers an extremely high level of security for its chips, on which your private keys will be stored.

The Nano S also uses the Blockchain Open Ledger Operating System (BOLOS), an open-source operating system that allows you to use various applications on your hardware wallet without compromising your security.

Plus, you’ll be able to set a PIN on your Nano S while receiving a seed phrase or recovery phrase, so you can still access your private keys if you lose or forget your other credentials.

protection

Since hardware wallets are physical, it is important to consider their external protection. Although you can replace your wallet if it is damaged, it can be a very inconvenient process. So, does the Nano S have physical protection?


Unfortunately, the Nano S isn’t designed to withstand a lot of wear and tear. The device is neither waterproof nor explosion-proof, so you must keep it safe if you decide to buy this model.

Additional Features

Another important feature to note with any hardware wallet is the cryptocurrencies it supports. When it comes to the Nano S, many big names in the market including Bitcoin, Ethereum, Litecoin, Dogecoin, Polkadot, XRP, and Monero are all supported. In fact, the Nano S supports over 1,000 different coins and tokens, so chances are you can store your private keys in this Ledger wallet.

In terms of operating system compatibility, the Nano S works with macOS, Windows, Linux, and Android. However, it is not compatible with iOS or Chrome OS. The Nano S also has a display screen, but this does not have touch capability, so you will have to control it using the buttons.

The Trezor One model

Trezor is another market leader in the hardware wallet game, although the company only offers two versions of its wallet: the Model One and the Model T. The Model One is the cheaper of the two, but that doesn’t mean say it is inferior. So let’s talk about the features offered by the Trezor Model One.

Price

Like the Nano S, the Trezor Model One is an affordable crypto hardware wallet. Again, prices at different retailers vary, but you’ll usually see prices in the $80 range. So while it’s not as cheap as the Nano S, it’s still pretty reasonable for a hardware wallet.

Security functions

Although the Trezor Model One is around eight years old, it offers impressive security features for your private keys. First, the Model One offers PIN protection to its users. You can create your own nine-digit PIN during setup, giving you a first layer of protection against unauthorized parties. Model One will also automatically lock after ten minutes, after which you will need to log in again with your PIN.


In addition to this, Trezor also offers a 24-word seed phrase for private key recovery and has a feature known as “25th seed word”, which allows users to add a seed phrase additional starting point to further improve their safety.

Support for multiple signatures is another feature offered by Trezor, which requires two or more private keys to authorize any transaction from the wallet. However, Trezor’s multi-signature option is currently only available through integration with the Electrum software wallet.

protection

What’s important to note about the Model One is that its entire outer shell is plastic except for the small OLED display. This means that it is not equipped to resist water or fire damage. However, it is very light, so dropping it once in a while might not be too much of an issue from lower heights, but we wouldn’t advise putting it through its paces.

Additional Features

Like the Nano S, the Trezor Model One also supports over 1,000 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, Avalanche, and Shiba Inu. However, the Model One does not support some large coins, such as Cardano, XRP, and Monero. But the Model One’s successor, the Model T, supports those parts.

Also, the Model One’s operating system is a bit basic, but don’t let that put you off. This type of hardware wallet really doesn’t require anything more advanced than that for the function it’s designed for. You should also note that like the Nano S, the Model One is not compatible with iOS or Chrome OS but does support Linux, Android, Windows and macOS. Its screen also lacks touch capability.

Model One versus Nano S: the final verdict

While both wallets offer excellent security features and strong coin support, the Ledger Nano S pretty much takes the cake in this comparison. At a lower price and with a sleeker, higher-quality design, the Nano S offers a range of useful and protective security elements, including its Common Criteria (CC) EAL5+ and BOLOS certified Secure Element (SE), which are not offered by the Trezor T model.

The Nano S also supports the three cryptocurrencies not supported by the Model One: Cardano, Monero and XRP. These three cryptos are very popular, so the Model One’s lack of support for them is a little disappointing.

So if you’re looking for a super affordable hardware wallet that does the job efficiently, we recommend the Ledger Nano S.

Protect your crypto on a budget with the Model One and Nano S

Although we picked the Ledger Nano S as the winner of this comparison, both wallets would be a solid option for securely storing your private keys. If you’re looking to protect your crypto without breaking the bank, either of these wallets might be right up your alley. Just be sure to keep them safely hidden away at all times!

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