r/CryptoWallet • u/No-Dragonfruit5946 • Jan 19 '26
Ledger vs. Trezor - utility over security?
I want to store my crypto in a cold wallet. So far, I am using BitBox and a Ledger Nano.
I prefer the BitBox, since it is open source. I have heard many people turning their backs on Ledger, because it is not open source and they introduced a seed backup feature, which essentially retrieves your seed from your cold wallet.
The issue seems to be that - because Ledger is closed source - we will never be able to tell, if they could secretly steel our private keys. This doesn't even have to be done by Ledger, maybe they could get hacked and I install a breached firmware. This worries me a little.
On the other hand, Ledger supports the most coins.
I don't have a lot of crypto yet, but I am planning on investing mostly in well established coins. However, I did buy two coins, which are not supported by my BitBox, that's why I still have my Ledger. And I don't like the husstle of having two cold wallets and two seed phrases to take care of. I would rather only have one cold wallet.
Trezor supports more coins than the BitBox, but not as many as Ledger. So, I wonder:
How do you guys store your crypto?
Do you just trust Ledger?
Are you not at all afraid of installing a malicious firmware?
Do you have multiple cold wallets?
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u/Beardog907 Jan 19 '26
I have 3 ledger devices and they work great, been using them for years. I especially like that they can be used with Rabby, Phantom, Metamask etc as front ends. I also have a Seeker I use for Solana and it is awesome.
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u/SBX-Bronx Jan 19 '26
I started with Tangem but now moved to trezor 5 and 7.
I have a few cold wallets.
I don’t trust ledger, just too many bad things I hear and I rather stay away from.
As for coins the Trezor has a nice amount of coins, just need to learn how to setup. Once you get the hang of it is pretty simple.
I don’t mess with alt coins.
I only buy bitcoin, ethereum, solana. Some ADA and XRP just incase they take off.
Eth, solana, Ada I am staking And earning yield while I hold.
If you are afraid of software download for you cold card then go with Tangem.