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2026 intelligence report

Ledger vs Trezor: Which Hardware Wallet Is Best in 2025?

Ledger and Trezor are the two most established hardware wallet brands. Ledger uses secure element chips with closed-source firmware, while Trezor is fully open-source without secure elements. Both support multisig and thousands of cryptocurrencies.

Published: March 4, 2025Updated: March 22, 2026By BitcoinSafe Editorial
Security ArchitectureOpen SourceUser ExperiencePrice

Ledger

Ledger Nano X

4.5 (1,257 reviews)

Price

$149

Profile

Secure-element lean

Trezor

Trezor Model T

4.6 (892 reviews)

Price

$219

Profile

Open-source lean

Decision table

Side-by-side security posture

Device ModelLedger Nano XTrezor Model T
Price$149$219
Security Rating
Secure Element
Open Source
Multisig
ConnectivityUSB-C, BluetoothUSB-C
Supported AssetsBTC, ETH, LTC...BTC, ETH, LTC...
Warranty2 years2 years
Ledger

Ledger Nano X

Secure element

Pros

  • Secure element chip (CC EAL5+)
  • Bluetooth connectivity for mobile
  • Large storage (100+ apps)
  • Well-established brand
  • Strong track record

Trade-offs

  • Closed-source firmware
  • Higher price point
  • Bluetooth raises security questions
  • Previous data breach of customer info
  • Proprietary software
Trezor

Trezor Model T

Open-source posture

Pros

  • Fully open-source hardware and firmware
  • Color touchscreen interface
  • Shamir backup support
  • No secure element vulnerabilities
  • Strong community audit

Trade-offs

  • No secure element chip
  • Higher price point
  • Touchscreen can show wear
  • No Bluetooth connectivity
  • Bulkier design
Editorial verdict

What the intelligence says

Ledger wins on security architecture with its secure element chip, while Trezor wins on transparency with fully open-source code. Your choice depends on whether you prioritize chip-level security or code auditability.

FAQ

Which is better: Ledger Nano X or Trezor Model T?

Ledger wins on security architecture with its secure element chip, while Trezor wins on transparency with fully open-source code. Your choice depends on whether you prioritize chip-level security or code auditability.

FAQ

What's the price difference between Ledger Nano X and Trezor Model T?

The Ledger Nano X costs $149, while the Trezor Model T costs $219. That's a difference of $70.