Trezor is a hardware wallet which provides high level security for dealing with Bitcoin and other cryptocurrencies private keys. In contrast to traditional cold storage approaches (offline storage or paper wallets), Trezor conducts secure payments without exposing one’s private keys to a potentially compromised computer.
Trezor is a little single-purpose computer. It is designed to protect your private keys from potential online and offline risks. To achieve this, Trezor keeps the private keys away from the Internet and approves the transactions in-device. That way, one can always check the screen for the right address, amount and transaction fee before sending their bitcoins.
In layman’s terms, you can connect Trezor to an infected computer and still be able to have full control over the funds in your device. The Trezor security model works on the zero trust principle. The zero trust principle says that any part of a secure system could be compromised at some point. Nevertheless, even if someone hacked Trezor Wallet, or your computer was infected, Trezor would keep your funds safe. This unique feature makes Trezor more secure than any other means of storage.
Trezor and Ledger are two famous names in the cryptocurrency industry. Both propose secure hardware wallets, support over 1,000 coins, and have incorporated cryptocurrency exchanges. Trezor is part of SatoshiLabs and was launched in 2013 with headquarters in Praha, Czech Republic. Ledger was founded in 2014 and is headquartered in Paris, France.
The secure cold wallets designed by Trezor and Ledger are user-friendly and safe for keeping cryptocurrency. Both support thousands of coins and tokens and offer access to cryptocurrency exchanges. Nevertheless, the Ledger Nano X proposes Bluetooth, and both Ledger wallets support Ripple, Monero, and Tezos. Meanwhile, the more expensive Trezor Model T features a touchscreen that is easier to read and use.
Despite the fact that it’s difficult to choose, Ledger edges out Trezor because of its cheaper price, mobile app, iOS connectivity, and support for a few more popular coins and wallets than Trezor. However, if you want to pay the extra money for a touchscreen and Shamir Backup, you can choose the Trezor Model T.