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Comparison · hardware wallets

Trezor vs Ledger: transparency or the widest choice?

Europe’s two best-known hardware wallet makers both use certified secure chips, yet they take different roads. Here is who wins on each point, and which model each road leads to.

  • Trezor: Prague
  • Ledger: Paris
  • Every model priced
  • Checked 26 Oct 2026
See the Trezor models (opens in a new tab)Jump to the comparison

By the PlatformCrypto.eu editorial team · checked on

Ledger Nano XTrezor Safe 5

Short answer

Who comes out on top?

If you want to be able to verify what your device does, choose Trezor: all its software is public, and the Safe models still carry a certified chip. If you hold coins Trezor does not support (Polkadot, Sui, NEAR, Hedera) or want a large E Ink screen, Ledger is the logical pick.

GPL-3.0Trezor firmware fully public
€59entry price at both
2m+users, according to Trezor
8m+devices sold, according to Ledger

Head to head

Trezor and Ledger on seven points

A tick marks the brand that does better on that point; a draw gets no tick.

Trezor and Ledger compared point by point
TopicTrezor (opens in a new tab)Ledger (opens in a new tab)
Open sourceAdvantage: Firmware and app fully publicDrawback: App yes; secure element OS no
Secure elementEAL6+ in every Safe modelEAL5+ or EAL6+, depending on model
CoinsDrawback: Thousands; no Polkadot, Sui, NEAR, HederaAdvantage: Includes Polkadot, Sui, NEAR, Hedera
iPhoneFull use only with the Safe 7Advantage: Any Bluetooth model
Cloud backupAdvantage: None: only you hold your phraseOptional paid Ledger Recover
Data breachesContact details via suppliers (2024, 2026)Customer data incl. home addresses (2020)
Prices€59 to €249€59 to €399

Open source

Can you check what your device is doing?

Everything Trezor ships is on GitHub under GPL-3.0: the device firmware and the Trezor Suite app. Researchers can read exactly what happens to your keys, and Trezor’s chip choice involves no secrecy agreement with the chipmaker.

Ledger publishes its app and its per-coin apps, but not the operating system on its secure element, which is covered by a non-disclosure agreement with STMicroelectronics. On that layer you have to take Ledger at its word.

Backup

Ledger Recover: safety net or weak spot?

Since 2023 Ledger has offered Ledger Recover, a paid subscription that encrypts your recovery phrase and splits it into three parts held by Coincover, Ledger and EscrowTech. Two parts plus an ID check restore your wallet. It is opt-in: without a subscription nothing changes.

Even so, many users were uneasy, because it showed that the firmware can extract the phrase from the chip when you permit it. Trezor has no such service. You keep your own backup, on paper, in steel or split with Multi-share Backup.

Breaches and phishing

What went wrong, on both sides

Neither brand has had devices cracked remotely. Customer data has leaked, though, and phishing followed. Ledger’s 2020 breach exposed around a million email addresses and the names, postal addresses and phone numbers of about 272,000 people. In December 2023 malicious code briefly sat in Ledger Connect Kit, a library used by websites; Ledger pulled it within 40 minutes of finding it.

Trezor customers’ contact details leaked in 2024 and 2026 through outside support, shipping and newsletter services. In September 2026 about 347,000 subscribers received a fake alert via the Brevo newsletter platform. The lesson is identical for both: no brand will ever ask for your recovery phrase.

Crypto stolen? What to do

By price band

Which model faces which?

How the line-ups stack up, from entry level to flagship.

Trezor and Ledger models by price band
BandTrezorLedger
EntrySafe 3: €59, buttons, USB-CNano S Plus (opens in a new tab): €59, buttons, USB
Bluetooth, small screenNo Trezor in this bandNano X (opens in a new tab): €99
TouchscreenSafe 5: €129, colour, 1.54″Nano Gen5 (opens in a new tab): €179, E Ink, 2.8″
FlagshipSafe 7: €249, colour, 2.5″, BluetoothFlex (opens in a new tab): €249; Stax (opens in a new tab): €399

Prices in the official shops, checked on 26 October 2026.

Entry level

Safe 3 or Nano S Plus?

Same money, two buttons each and a small screen. The difference is openness and coin support.

For most beginners our pick is the Safe 3: same price, and everything it does can be checked in public. Hold Polkadot or Sui? Then the Nano S Plus makes more sense.

Order Trezor

Every Trezor model

Each with a certified chip and open-source firmware.

Euro prices in Trezor’s official shop, checked on 26 October 2026. Your basket shows the current total, including delivery.

Order Ledger

Prefer Ledger?

The five models Ledger currently sells.

Euro prices in Ledger’s official shop, checked on 26 October 2026. Your basket shows the current total, including delivery.

Frequently asked questions

Is Trezor or Ledger more secure?

Both keep keys inside a certified chip, and neither has had devices cracked remotely. Trezor is more transparent because all of its software is public; Ledger suffered the larger customer data leak in 2020. What matters most for your safety is how you store your recovery phrase.

Can I switch from Ledger to Trezor?

Yes. Set up a new wallet on your Trezor and send your coins from the Ledger to the new addresses. You could technically enter your Ledger phrase on a Trezor, but a fresh phrase is safer if you have any doubt about whether the old one was ever exposed.

What is Ledger Recover?

An optional paid Ledger subscription that encrypts your recovery phrase into three parts held by Coincover, Ledger and EscrowTech. Two parts and an identity check restore your wallet. Trezor offers nothing comparable.

Has Ledger been hacked?

Not its devices. Customer data leaked from its online shop in 2020, which led to widespread phishing, and in December 2023 malicious code briefly appeared in Ledger Connect Kit, a library websites use; it was removed within 40 minutes of discovery.

Which is better with an iPhone?

Every Ledger with Bluetooth (Nano X, Nano Gen5, Flex and Stax) works with an iPhone. On the Trezor side only the Safe 7 does; the Safe 3 and Safe 5 let an iPhone track, buy and receive.

Keep reading

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