In this guide, we’ll compare the market’s three best Bitcoin hardware wallets against each other. We’ll provide a detailed Trezor vs. Ledger vs. Keepkey comparison to help you decide which could be a better buy. We will take into consideration several criteria including:
- Supported cryptocurrencies
- Supported updates, usability
By the time you finished reading, you’ll know exactly which one is right for you.
When talking about the best Bitcoin hardware wallet in 2019 or any other year, Trezor will usually be at the top of the list. Trezor is the oldest and best-known hardware wallet. It was first released in the summer of 2014 by a Czech Republic-based blockchain startup called Satoshi Labs.
Trezor enjoys a significant advantage over competitors in terms of security, usability, and trust. The wallet offers its users various benefits including support for over 500 altcoins. However, Trezor doesn’t support major altcoins including Ripple (XRP) Stellar and Monero.
This small hardware device is designed to hook up to tablets and desktop computers. It can also be connected to Android and iOS operated mobile devices via USB.
Trezor wallet can integrate with other wallets including Mycellium, MetaMask, and MyEtherWallet.
In general, Trezor is highly secure, and if used correctly, should be safe from bad actors. The Trezor wallet costs $119. It’s probably a realistic option for investors who have large amounts of Bitcoin.
If you are shopping on a budget, you are likely to be drawn to the Ledger. It has a similar set of strengths and weaknesses as Trezor. However, it supports more currencies than Trezor. And as of now, it is the only top hardware wallet that supports Ripple (XRP). It also provides access to forked coins. It is also easy to set up and update.
Overall, the Ledger Nano S is one of the best Bitcoin hardware wallets available on the market. It is sleek, durable, versatile, and is priced slightly lower than Trezor. At the time of writing, the Ledger Nano S costs $99 which makes it one of the most affordable hardware wallets around. So, if you don’t have the cash to spend on Trezor and Keepkey, the Ledger will make an excellent alternative.
Released in 2015, Keepkey features nearly all of the Trezor’s and Ledger’s features. However, the Keepkey is quite a lot more expensive than its peers, coming in at $129. Given its premium built and digital display, some users may view that higher pricing as justified.
With that said Keepkey offers more bells and whistle and comes with advanced security features. It protects your coins against both virtual and physical thefts. And, you can use it with any computer, even one that had been infected by malware.
A feature that attracts many crypto investors to the Keepkey wallet is it claims that it provides “bank-grade security.” It is supported by popular Bitcoin wallets including Multibit and Electrum. Also, Keepkey works with Google Chrome using the Keepkey wallet extension.
Keepkey is designed to work seamlessly on Android, Mac, Linux, and PC. And like Trezor and Ledger, it supports a wide range of cryptocurrencies. If your device is not running an official firmware version, it will display a warning.
Comparing Trezor and Ledger Bitcoin hardware wallets is a bit like comparing oranges and apples. Both wallets are great options for users looking for a simple, secure and affordable hardware wallet. Neither seems objectively better when compared head-to-head. The only annoyance is that Trezor doesn’t support Ripple (XRP) and other major altcoins.
Keepkey seems – on paper, at least – to be the more gorgeous in terms of design. Though Keepkey gets the edge in the design department, you won’t get extra features for your money. It’s more expensive but offers similar performance.
All things considered, all the three wallets are neck and neck when it comes to general features, but according to our opinion, the Ledger Nano gives you more bang for your buck.