Bitcoin Wallet Reviews: Ledger Nano S vs. Trezor vs. KeepKey
Look, there is nothing stomach churning for a Bitcoin investor or enthusiast than hearing his or her exchange has been hacked. It can hit you like a missile especially now when investors across the board have to contend with bears who have so far wiped more than 80 percent of Bitcoin valuation.
But still, security is a priority and in that case, we have robust and secure offline hardware vaults/wallets where most coin holders store their Bitcoins at in times of uncertainty or when they have a big stash of Bitcoin that’s safe offline than in exchanges. As always, the aim is to avoid being a statistic.
I’m going to take you through some of these leading market brands and highlight the main difference that might be suitable for your needs. Remember, no one coin can perfectly mesh with your need at any given time.
Keep Key vs. Trezor Vs Ledger Nano S
Trezor was the first hardware wallet on the market but as demand grew, Keep Key sliced some of Trezor’s market share. Both are reliable hardware wallets but coin support wise, Trezor is quick to offer support for main Bitcoin forks and Bitcoin. On the other hand, Keep Key has this solid and premium feel but both available for about $99.
Additionally, Keep Key has a bigger screen than Trezor, has a single button whereas Trezor has two with Aluminum casing. This is why most people consider Keep Key to be drop resistant that Trezor which has a plastic casing.
However, there is a case here- between plastic and metal casings some commentators say Trezor is by far more drop resistant that Keep Key or others as Ledger Nano because of the shock absorbing capabilities of plastic.
On the flip side though, in case you want to go low key and avoid being mugged now that most know what Bitcoin is and the price tag around it is, many would prefer Trezor or other small size gadgets. Keep Key is conspicuous and one of the largest mainstream hardware wallets around.
The case of Ledger Nano S
Ledger Nano S, on the other hand, is the Bitcoin hardware of choice. Not only does it support a wide array of popular coins as Bitcoin and its fork as Bitcoin Cash but the gadget is pocket-friendly. Yes, it has a smaller screen and all but the support of new, high liquid coins as Tron, for example, is unparalleled.
The casing is metallic and while there are accusations of centralization because its source code isn’t a completely open source, setting up your Ledger Nano S wallet is easy and takes 15 minutes maximum to set up. All you need is a micro USB cable, a computer and you are good to go. Besides, it employs the dual chip architecture for security making it distinct from Trezor and Keep Key.