Trezor, KeepKey, and the Ledger Nano S are three popular Bitcoin hardware wallets. Trezor is the oldest device whereas KeepKey is relatively new as it came out in 2015, and the Ledger Nano came out in 2016.
In this article, I’m comparing the three hardware wallets to conclude which one is the better purchase. While both devices are quite good at securing Bitcoin, there are advantages that you need to consider before making a purchase.
Which has the Best Price?
|Ledger Nano S||$65-70|
Both the Trezor and KeepKey are $99.
The Ledger Nano S is $69 on Amazon, so it presents the best deal.
Which has the Best Multicoin Support?
|KeepKey||Namecoin, Dogecoin, Dash, Testnet, Ethereum (beta)|
|Ledger Nano S||Ethereum, Litecoin, Dogecoin, Dash, Zcash|
Do all of these devices have multicoin support? Unfortunately, no.
Trezor only supports Bitcoin, whereas KeepKey supports Namecoin, Dogecoin, Dash, and Testnet and the beta supports Ethereum support.
If you want the best multicoin hardware wallet support, go with KeepKey or the Ledger Nano S as it supports the most cryptocurrencies.
Which has the Best Hardware Aesthetic / Usability?
Which device has the best aesthetic and design? Without question, that is the KeepKey. The Ledger Nano S is a decent solution for the price, but it looks more like a thumb drive with a small screen. The good thing about that is that it’s very secretive, and it doesn’t look out of the ordinary. The design also means the screen stays scratch free, whereas the KeepKey can get scratched more easily if you aren’t careful with it.
The Trezor is OK, and the screen is bright, but it’s very small and the construction of the device makes it feel like a toy. However, the plastic construction also makes it the most durable, whereas the other devices use glass and aluminum.
The KeepKey is the best with the biggest OLED screen out of all of them. It’s easy to read, hard to see the bezel, and the construction of the device feels weighty and strong. It’s my favorite out of the three since its just the easiest to use and looks the best.
Which has the Best Security?
The KeepKey device and Trezor device are both based on open source Trezor software. The Ledger Nano S uses two secure elements/chips. None of the devices have an operating system that could be vulnerable to malware or attacks.
All three devices are very secure and are based around the same idea that your keys are secured on an isolated environment where you can check transactions and confirm them outside your computer.
It is worth mentioning that the Ledger Nano S doubles as a two-factor authentication device which is cool.
Which has the Best Apps/Software Compatibility?
All of the devices have a good amount of compatibility with other apps. Each app functions similarly as well, as they only really require you to set up a passphrase to start storing Bitcoin or creating codes to receive Bitcoin.
Personally, my favorite app is KeepKey, and while Trezor’s app is functional, I prefer how it’s more of an “app”. It’s also easier to configure settings within KeepKey’s app.