Comparison – Trezor T vs Nano Ledger X

Ledger wallet icons ledger nano s x

 Ledger Nano X and Trezor T Review – Honest Review

 

Are you planning to up your crypto game and start looking into security? Perhaps your friends and family have talked you into it and you’re looking to secure your crypto-assets. As cryptocurrency prices go higher, including Cardano, the method of securing your cryptocurrency safely becomes more important than ever before. Why not invest in a hardware wallet to protect your hard earned assets?

Or, perhaps you are already set on a hardware wallet and you are just looking for a direct comparison between the Ledger Nano X and Trezor T.

Here, we will be providing a comparison between Ledger Nano X and Trezor T that will answer all your burning questions and will allow you to figure out which one best suits your needs.

NOTE: We always recommend to purchase Ledger and Trezor hardware wallets from the LEDGER OFFICIAL SITE and the TREZOR OFFICIAL SITE.This prevents tampering of the device from 3rd party websites.

Storage Capacity

The Ledger Nano X requires the downloading of Apps through Ledger Live and can support up to 100 apps. 

On the other hand, Trezor T does not have a storage limit, as it does not require the installation of applications like the Ledger. In this way, the Trezor T will support as many coins as it can do so, without having to worry about memory capacity.

Ledger Nano X: 4.5/5 | Trezor T: 5/5

Security

Both Ledger and Trezor devices have ample security to safely store your cryptocurrencies.

Ledger devices are certified for their security by ANSSI, the French cyber security agency. They also contain a Secure Element (SE – CC EAL5+), which is currently the most secure and certified chip that hosts cryptographic data like private keys and is designed to withstand sophisticated attacks. Moreover, Ledger uses their own custom operating system called BOLOS, which helps to protect against malicious attacks and isolate apps from each other. There is also a device integrity checker to ensure that it hasn’t been tampered with or compromised by a 3rd party.

Trezor model T supports Shamir Backup, which is an advanced security method that counteracts the two greatest risks involving with protecting your recovery seed: theft and destruction. You generate recovery shares and distribute those shares to secure people and/or secure locations, which minimizes catastrophic losses. 

Both Ledger and Trezor wallets support advanced passphrase functionality, which allows you to provision special wallets within your hardware device as an added layer of security feature. Ledger has an advantage in this area, as Ledger devices can associate a 2nd Pin Code with the secret wallet, which allows you to switch easily between wallets using the 2nd Pin Code. Whereas for the Trezor, each time you switch between wallets, you need to re-enter the passphrase or reconfigure the device.

Ledger Nano X: 5/5 | Trezor T: 4.5/5

Cardano Support

We have used both Ledger Nano X and Trezor T to manage Cardano applications with great success. Ledger offers great compatibility with Daedalus desktop, Yoroi browser and Adalite. The main difference that we have noticed is that only Ledger Nano X supports Yoroi mobile, as it requires a bluetooth connection. So, if the convenience of Yoroi mobile is important to you, then the Ledger Nano X would be the go to device. In terms of Cardano staking, both Ledger and Trezor support it equally as well.

Ledger Nano X: 5/5 | Trezor T: 4/5

Convenience

Are you looking to manage your crypto on the go and easily access your wallet at your finger tips? Ledger Nano X uses bluetooth technology, which can allow you to access your cryptocurrency on your mobile device easily. Trezor T does not have bluetooth, so the only way to access your crypto is through plugging in a USB cable to your laptop or desktop computer.

Ledger Nano X: 3.5/5 | Trezor T: 3.5/5

Price

The Ledger Nano X costs $159 CAD, while the Ledger Nano X costs $219 CAD.

For a new crypto user, the Ledger X comes in at a more budget friendly price. Although the Trezor T is more expensive, which could scare off new users, the added large color touchscreen could be appealing to some. This allows the Trezor T to be much easier to operate and less likely to result in human errors when verifying transactions and addresses.

Ledger Nano X: 4.5/5 | Trezor T: 4/5

Backup Device

Have you wanted to take your crypto game to the next level with a backup device? A backup device provides extra peace of mind and can be used in 2 ways. In the first method, you use your original  recovery phrase and you restore it on the backup device, which gives you an extra copy of the device to use. Now you can manage your account using 2 devices. You also have an extra device, in case the first one is lost or the hardware fails. The second method involves just having a spare blank hardware wallet in case you lose your original device. This way, you can quickly restore your recovery phrase when needed and recover your wallet if anything goes wrong.

If you will be requiring a backup device, we recommend the Ledger Nano X, based on cost. Typically, the chances of needing to restore your recovery phrase to a backup device is low, so it is more cost-effective to go with the budget-friendly Ledger Nano X for this purpose. For the Ledger family, you also have an option to get a Ledger Nano S as a backup device, which saves you even more money. 

On the other hand, the Trezor model T would be a bit too expensive for a backup device. As well, Trezor’s starter device,  Trezor One, does not currently support Cardano. Overall, this puts Trezor at a disadvantage when it comes to implementing backup devices based on costliness. The exception would be if you need the Trezor Model T’s colorful touchscreen.

Ledger Nano X: 4.5/5 | Trezor T: 3/5

Screens

When comparing screens, Trezor T is by far the winner. Trezo T boasts a large colored touchscreen, while the Ledger Nano X comes with a smaller OLED screen. The touchscreen capabilities and higher resolution screen, give Trezor T an advantage when it comes to navigating the interface and verifying addresses. Although larger and better resolution is generally better, some may believe that the extra $60 does not justify the added cost.

Ledger Nano X: 4/5 | Trezor T: 5/5

 

Overall

There is no right or wrong answer between the Ledger Nano X and the Trezor Model T. We believe that preference is determined by multiple factors, including price, functionality and convenience.

If just starting to explore the world of cryptocurrency and price is a big factor for you, we recommend the Ledger Nano X. With the Ledger Nano X, you also get bluetooth functionality, allowing you to manage your ADA on the go with Yoroi mobile. Moreoever, if you favor security features, the convenience of advanced passphrase functionality with a second pin code may appeal to you. Furthermore, if you are the type to get a backup device, the suite of Ledger devices have an advantage in this area, as they are much less expensive.

On the other hand, if you have a higher budget and value a larger high-resolution color touchscreen, Trezor T may be the device for you. If you like to spread your recovery phrase via multiple holders and locations, Trezor T offers this functionality, called Shamir Backup.

That being said, our overall recommendation is Ledger Nano X, which comes out with a higher rating taking into consideration all aspects mentioned above.

We hope that our honest review provided you some value in helping you to choose a Ledger Nano X or a Trezor model T. If so, please kindly consider using our affiliate link when purchasing a new Ledger Nano X or Trezor model T to secure your cryptocurrency assets. We hope you enjoy your new hardware wallet experience!

Ledger Nano X: 4.6/5 | Trezor T: 4.1/5

Summary Ledger Nano S vs Ledger Nano X

Ledger Nano X Trezor T
Supports Daedalus
Supports Yoroi
Supports ADALite
Supports Cardano (ADA)
Bluetooth Capability
Advanced Passphrase
Advanced Passphrase with 2nd pin
Interface Software Ledger Live (Desktop or Mobile – Android & iOS) Trezor Suite (Desktop), Trezor.io (Browser)
Coins & Tokens Supported 1800+ 1200+
Compatible Apps 50+ Does not require Apps
Security CC EAL5+, Pin Authentication, independently certified by ANSSI, 24 word recovery phrase Firmware verification, Ultrasound hardware seal, Pin Authentication, Secure update procedures
Screen Size 128 x 64 pixels 240 x 240 pixels
Touchscreen
Connector USB Type-C USB Type-C
Battery 8 hours in Standby
Size 72×18.6×11.75mm 69x39x10mm
Weight 34g 22g
Price $$ $$

 

Ledger - Crypto Beginners Pack

Comparison – Ledger Nano S vs Ledger Nano X

Ledger wallet icons ledger nano s x

 Ledger Nano S and X Review – Honest Review

 

Are you planning to up your crypto game and start looking into security? Perhaps your friends and family have talked you into it and you’re looking to secure your crypto-assets. As cryptocurrency prices go higher, including Cardano, the method of securing your cryptocurrency safely becomes more important than ever before. Why not invest in a hardware wallet to protect your hard earned assets?

Or, perhaps you are already set on a Ledger hardware wallet and you are just looking for a direct comparison between the Ledger Nano S and X.

Here, we will be providing a comparison between Ledger Nano S and Ledger Nano X that will answer all your burning questions and will allow you to figure out which one best suits your needs.

NOTE: We always recommend to purchase Ledger wallets from the LEDGER OFFICIAL SITE. This prevents tampering of the device from 3rd party websites.

Storage Capacity

Are you looking to store invest in a few cryptocurrencies or are you looking to store many more? Ledger Nano S provides  storage capacity for up to 6 applications simultaneously, depending on the app size. On the other hand, Ledger Nano X allows for up to 100 apps.  Although it sounds like this is a limitation for the Ledger Nano S, there is actually a work-around. For example, if you ever run out of space, you can always delete an app and install another app. Then, once you are finished using the 2nd app, you can delete it to make room for another app or re-install the previous app. This way you can still access up to 100 apps on the Ledger Nano S, but just not simultaneously. We have experience using this method to juggle numerous apps on a Ledger Nano S device.

Ledger Nano S: 3.5/5 | Ledger Nano X: 5/5

Security

One of the advantages of Ledger wallets are that you get equal security for both the Ledger Nano S and the Ledger Nano X, regardless of which model you choose. For example, all ledger wallets are certified for their security by ANSSI, the French cyber security agency. They also contain a Secure Element (SE – CC EAL5+), which is currently the most secure and certified chip that hosts cryptographic data like private keys and is designed to withstand sophisticated attacks. Moreover, Ledger uses their own custom operating system called BOLOS, which helps to protect against malicious attacks and isolate apps from each other. There is also a device integrity checker to ensure that it hasn’t been tampered with or compromised by a 3rd party. Lastly, both wallets support advanced passphrase functionality, which allows you to provision special wallets within your Ledger device as an added layer of security feature.

Ledger Nano S: 5/5 | Ledger Nano X: 5/5

Cardano Support

We have used both Ledger Nano S and Ledger Nano X to manage Cardano applications with equal success. There is great compatibility with Daedalus desktop, Yoroi browser and Adalite. The main difference that we have noticed is that only Ledger Nano X supports Yoroi mobile, as it requires a bluetooth connection. So, if the convenience of Yoroi mobile is important to you, then the Ledger Nano X would be the go to model. In terms of Cardano staking, both models support it equally as well.

Ledger Nano S: 4.5/5 | Ledger Nano X: 5/5

Convenience

Are you looking to manage your crypto on the go and easily access your wallet at your finger tips? Ledger Nano X uses bluetooth technology, which can allow you to access your cryptocurrency on your mobile device easily. Ledger Nano S does not have bluetooth, so the only way to access your crypto is through plugging in a USB cable to your laptop or desktop computer.

Ledger Nano S: 3.5/5 | Ledger Nano X: 5/5

Price

The Ledger Nano S costs $89 CAD, while the Ledger Nano X costs $159.00 CAD.

For a new crypto user, the Ledger Nano S comes in at a very budget friendly price. Although the Ledger Nano X is almost double the price (80% more expensive), which could scare off new users, the added functionality and convenience factor helps to justify the cost.

Ledger Nano S: 4.5/5 | Ledger Nano X: 4/5

Backup Device

Have you wanted to take your crypto game to the next level with a backup device? A Ledger backup device provides extra peace of mind and can be used in 2 ways. In the first method, you use your original 24-word recovery phrase and you restore it on the backup device, which gives you an extra copy of the device to use. Now you can manage your account using 2 devices. You also have an extra device, in case the first one is lost or the hardware fails. The second method involves just having a spare blank Ledger hardware wallet in case you lose your original device. This way, you can quickly restore your 24-word recovery phrase when needed and recover your wallet if anything goes wrong.

As a backup device, we recommend the Ledger Nano S, based on cost. Typically, the chances of needing to restore your Ledger recovery phrase to a backup device is low, so it is more cost-effective to go with the budget-friendly Ledger Nano S for this purpose. The exception would be if you need the Ledger Nano X’s added features, which of course would cost you more.

Ledger Nano S: 4.5/5 | Ledger Nano X: 3.5/5

Hardware

The Ledger Nano X has some improvements in hardware versus the Ledger Nano S. For instance, the Ledger Nano X has a larger screen size of 128 x 64 pixels vs. 128 x 32 pixels in the Ledger Nano S. There are also larger circular buttons on the ledger Nano X. So, if larger screen size and buttons improves the user experience for you, the Ledger Nano X may have an advantage. Like we mentioned previously, Ledger Nano X allow Bluetooth compatibility with Ledger Live Mobile which is a pro in terms of convenience of management on the go. Not requiring  a power cord, Ledger X also allows for 8 hours battery life, which can be an advantage for users who use the mobile features.

Ledger Nano S: 4/5 | Ledger Nano X: 5/5

 

Overall

There is no right or wrong answer between the Ledger Nano S and the Ledger Nano X. We believe that preference is determined by multiple factors, including price, functionality and convenience. If just starting to explore the world of cryptocurrency and price is a big factor for you, we recommend the Ledger Nano S as a starter device. If you prefer to upgrade to a Ledger Nano X in the future, the Ledger Nano S can always be used as a backup device for security purposes. Rest assured, you are not at a loss! If price is not a concern to you, then Ledger nano X packs in a bit more functionality and provides more convenience that justifies the additional cost.

We hope that our honest review provided you some value in helping you to choose a Ledger Nano S or a Ledger Nano X. If so, please kindly consider using our affiliate link when purchasing a new Ledger Nano S or Ledger Nano X to secure your cryptocurrency assets. We hope you enjoy your new Ledger experience!

Ledger Nano S: 4.2/5 | Ledger Nano X: 4.6/5

Summary Ledger Nano S vs Ledger Nano X

Ledger Nano S Ledger Nano X
Number of Apps Supported Simulatenously Up to 6 (depending on size) 100 Apps
Supports Daedalus
Supports Yoroi √ (Not Yoroi Mobile App)
Supports ADALite
Supports Cardano (ADA)
Bluetooth Capability
Advanced Passphrase
Ledger Live Desktop or mobile (Android only) Desktop or mobile (Android & iOS)
Coins & Tokens Supported 1800+ 1800+
Compatible Apps 50+ 50+
Security – CC EAL5+, Pin Code, independently certified by ANSSI, 24 word recovery phrase
Screen Size 128 x 32 pixels 128 x 64 pixels
Connector USB Type Micro-B USB Type-C
Battery 8 hours in Standby
Size 57 x 17.4 x 9.1mm 72×18.6×11.75mm
Weight 16.2g 34g
Price $ $$

 

Ledger - Crypto Beginners Pack

Epoch 262. RECAP and Expected ROA

RECAP – The last Epoch 262, we minted our first block.

During the current Epoch 263, the rewards will be calculated and the rewards will be delivered in Epoch 264.

Looking at the data below that just came out, it shows that the expected annualized return from Adapools is 26.19% and pooltoo.io is 12.74% for the first block that we produced. We won’t know the actual result until Epoch 264 when the rewards are delivered. But either way, these are amazing returns! Reminder, for smaller community pools, we may not mint blocks as often as large pools, but the returns will be much greater when we do. 

Epoch 262 ROA adapools Epoch 262 ROS

 

EPOCH 262. FIRST BLOCK MINTED!

Cardanodo NODO pool just hit our first milestone, FIRST BLOCK MINTED on the first epoch live. Thank you to the support of our delegators. We have also just received our first pooltool.io reward. 

First Mainnet Block

Stake Pool Perfomance: 100% (1 Block produced/1 Block assigned)

We are off to an extremely awesome and lucky start!

Check out our luck, which is at 476%! Luck is calculated by dividing the actual amount of block(s) produced in an epoch by the expected amount of blocks. Our chances of minting a block was 0.21 for this epoch, calculated with the protocol algorithm based on the active stake.

Remember, the rewards are distributed to delegators based on the proportion of ADA held. So, there many benefits for smaller pools, such as less dilution of rewards amongst delegators.

I truly believe that we are in the sweet spot right now. Our pool size has enough stake to produce consistent blocks, about 1 in 2 epochs with high returns, while also not large enough that the rewards would be diluted heavily. Over the long run, we should average as good, maybe even better reuslts than the large pools.

So, if you would like to join the Cardanodo family, please consider delegating to our Stake pool Cardanodo (NODO).

TICKER: NODO

Pool ID: 20c00ebe39ed12dbd2f3e84a5b57b85c972d1039cf79c70d893b6227

Thanks for reading! Once again, take care and stay safe!

 

 

EPOCH 262 – We Are Live!

It has been 2 epochs since we registered our stake pool Cardanodo (NODO) on the Cardano blockchain. This epoch 262 (N+2), we are finally live and are excited to be elected slot leader, giving us a chance at minting our first block on Slot 298919. Stay tuned for some great news ahead!

cool

As always, take care and stay safe!