Packed with loads of features and an easy to use interface, hardware wallets are fast becoming the go-to storage device to safely secure cryptocurrency assets.
So how do you choose the best crypto hardware wallet?
If you’re a believer in open-source principles, the fully open-source hardware and software produced by Trezor should be your first choice. A lot of Ledger code is open-source, but not all of it, and for some people that’s a deal breaker.
With increased merchant adoption, people can easily spend their cryptocurrency at restaurants, bars and airports. The Bluetooth enabled Ledger Nano X is perfect for making transactions on the go.
For a lot of people, cryptocurrency compatibility is how they make their final decision. While both Ledger and Trezor wallets are compatible with over 1,000 different cryptocurrencies/tokens, they’re not compatible with them all.
As the blockchain industry grows, new manufacturers will enter the scene trying to grab a slice of the market share that is so heavily dominated by both Ledger and Trezor. Some of these products may boast more features than the Ledger or Trezor devices, but one thing they can’t manufacture is the trust the market has with Ledger and Trezor cold storage wallets.
Trying to dethrone Ledger or Trezor will be a difficult task.