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Author Topic: Should I buy a Trezor or Nano S?  (Read 1319 times)
hous26
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October 09, 2017, 02:48:57 AM
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I got involved with Cryptocurrencies about 4 months ago and have seen my enthusiasm for the tech grow along with my small stash of BTC + Alts. I was thinking about getting a Trezor or Nano S, leaning toward the Nano.  Was wondering if the community strongly suggests the little fish invest in a hardware wallet or if they are not necessary. 

Thanks in advance!
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HabBear
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October 09, 2017, 03:00:16 AM
 #2

Which currency(ies) are you planning to deal in?

Trezor and Ledger accept different currencies.

Trezor accepts:
  • Bitcoin
  • Bitcoin Cash
  • Litecoin
  • Ethereum
  • Dash
  • Zcash

Ledger accepts all of the above and:
  • Ark
  • Dogecoin
  • Ethereum Classic
  • Komodo
  • PoSW
  • Ripple
  • Stratis

Both support Ethereum, which means they could also support alt coins built on the Ethereum network.

So Ledger supports more coins. What I like about Trezor is their blog. They seem to be very communication forward when it comes to how to use their product, how to protect your wallets, how to access Bitcoin Cash (when it first came on the scene), etc.

Neither is expensive to buy, why not have both?

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October 09, 2017, 03:06:23 AM
 #3

Was wondering if the community strongly suggests the little fish invest in a hardware wallet or if they are not necessary. 
Thanks in advance!
If you have a significant amount of money in cryptos then it's a good idea to have a hardware wallet because obviously because of its security your coins would be much more safer there. And as you mention you have a stash of cryptos, then it's a good idea to have a hardware wallet. As for which is better, I think HabBear has pointed that out perfectly.
hous26
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October 09, 2017, 03:10:24 AM
 #4

Which currency(ies) are you planning to deal in?

Trezor and Ledger accept different currencies.

Trezor accepts:
  • Bitcoin
  • Bitcoin Cash
  • Litecoin
  • Ethereum
  • Dash
  • Zcash

Ledger accepts all of the above and:
  • Ark
  • Dogecoin
  • Ethereum Classic
  • Komodo
  • PoSW
  • Ripple
  • Stratis

Both support Ethereum, which means they could also support alt coins built on the Ethereum network.

So Ledger supports more coins. What I like about Trezor is their blog. They seem to be very communication forward when it comes to how to use their product, how to protect your wallets, how to access Bitcoin Cash (when it first came on the scene), etc.

Neither is expensive to buy, why not have both?

Primarily BTC and Eth.  I may add some Ripple and Ark so I'm leaning towards the Ledger.  Why would I need two hardware wallets?
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October 09, 2017, 03:13:39 AM
 #5

I have both (Trezor and Nano S), and both are good.  They both can store BTC, ETH and its erc20 tokens and also other major cryptocurrency likes DASH, LTC
Personally I prefer Trezor, i feel it is easier when updating the firmware and using it.  It is just personal preference.
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October 09, 2017, 03:15:53 AM
 #6

If you can buy Trezor nano S why not. Here your bitcoins will be safer and no one can move. But if there is not much wallet that provides our bitcoins to be safe like Blockchain, Myether, Paper wallet, Jaxx, Mycelium and many more. All you have to do is save your private key. Because that's the only key to unlock your wallet. And it's safe to steal as long as you only know your private key
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October 09, 2017, 03:23:14 AM
 #7

Just see this comparation topic that already been discussed here: https://bitcointalk.org/index.php?topic=2115397.0
 I personally prefer trezor because its design and the features but well, better to consider an opinion from someone who have owned both so that you can know the real advantages or disadvantages of each.

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Coin-Keeper
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October 09, 2017, 05:25:23 PM
 #8

Both are secure.  I personally use Trezors.  Why?  Totally open source and they use internal chips that are programmable by me!  As a computer security "type" I don't like operating any BTC hardware that has components that are "locked" to public view.  i.e. I want to be able to program the internal chips if desired because that means they are open source, thus there is no place to HIDE malicious code.  If you trust organizations that develop closed source components for BTC that is your decision.  I am not too trusting where large sums of value hang in the balance.  As a coder of sorts I realize I am not the typical respondent here.

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October 09, 2017, 05:40:00 PM
 #9

I would go with Ledger Nano S. Ledger supports a lot of altcoins and they are still working on a new ones! Ledger is small and looks better in my opinion. Also, there was a successful attack on a Trezor wallet. In required physical access to the device but this issue has been fixed in the recent software update.
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October 09, 2017, 06:03:31 PM
 #10

I got involved with Cryptocurrencies about 4 months ago and have seen my enthusiasm for the tech grow along with my small stash of BTC + Alts. I was thinking about getting a Trezor or Nano S, leaning toward the Nano.  Was wondering if the community strongly suggests the little fish invest in a hardware wallet or if they are not necessary.  

Thanks in advance!

Hardware wallet like trezor and nano S are more recommended wallet to use for keeping your bitcoin. I am using trezor and one of my companion is also using trezor wallet because of its features. Well the reason obviously is your coins will be more secured other than using only an online wallet. Trezor only cost around less than 100 bucks so must buy specially when you have lots of coins to keep

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October 09, 2017, 06:33:14 PM
 #11

A hardware wallet is definitely the best solution for keeping your crypto safe and not vulnerable. Of course, you need to keep in mind that you'll need a wallet every time you want to send a transaction.

Also, I would consider buying a pair. If you lose one, you can always restore on the other one almost immediately, and not wait for another wallet to arrive for a week.

Considering the choice – I have a Trezor. I like it for design and integrated password manager — you can store some private keys from other wallets there.

Good luck.
hous26
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October 09, 2017, 06:34:28 PM
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A hardware wallet is definitely the best solution for keeping your crypto safe and not vulnerable. Of course, you need to keep in mind that you'll need a wallet every time you want to send a transaction.

Also, I would consider buying a pair. If you lose one, you can always restore on the other one almost immediately, and not wait for another wallet to arrive for a week.

Considering the choice – I have a Trezor. I like it for design and integrated password manager — you can store some private keys from other wallets there.

Good luck.

I didn't think about buy a second.  Do others support this suggestion?  I bought a Nano S fwiw.
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October 09, 2017, 06:47:33 PM
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They're both pretty much the same.
The fact Trez got hacked at least says they have found one vulnerability.
Ledger has not.
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October 09, 2017, 07:04:27 PM
 #14

What about Keepkey? Why nobody is recommending it anymore? Is it still available and supported? If not I would buy a Ledger device, Ledger Blue seems like a solid one but it costs more than 250 euro which is 5 times more than one Ledger Nano S!

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October 09, 2017, 11:22:01 PM
 #15

What about Keepkey? Why nobody is recommending it anymore? Is it still available and supported? If not I would buy a Ledger device, Ledger Blue seems like a solid one but it costs more than 250 euro which is 5 times more than one Ledger Nano S!

250 for a wallet do sound strange, 70-90 is alright in my opinion.
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October 09, 2017, 11:26:36 PM
 #16

Yes you really should buy one with no doubt! Security means a lot with cryptocurrencies... Remember to use strong passphrase, I advise you the Diceware method and choose a 12+ words passphrase

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October 12, 2017, 05:27:39 PM
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Also, I would consider buying a pair. If you lose one, you can always restore on the other one almost immediately, and not wait for another wallet to arrive for a week.


I didn't think about buy a second.  Do others support this suggestion?  I bought a Nano S fwiw.


It's completely up to you, but keep in mind that you would be cut out of your funds for a week or so if you lose your wallet
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October 13, 2017, 12:04:38 AM
 #18

It's completely up to you, but keep in mind that you would be cut out of your funds for a week or so if you lose your wallet
Only if you want to restore to another hardware wallet... if you're desperate for access to your funds, you can simply restore your seed into any BIP39 compatible wallet like Electrum and get access to your coins...

Granted, you lose a lot of the security doing this, and would need to move all the coins ASAP to a new hardware wallet... but the point is that you aren't necessarily without funds while waiting for a new device to arrive.

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October 16, 2017, 09:33:42 AM
 #19

Which currency(ies) are you planning to deal in?

Trezor and Ledger accept different currencies.

Trezor accepts:
  • Bitcoin
  • Bitcoin Cash
  • Litecoin
  • Ethereum
  • Dash
  • Zcash

Ledger accepts all of the above and:
  • Ark
  • Dogecoin
  • Ethereum Classic
  • Komodo
  • PoSW
  • Ripple
  • Stratis

Both support Ethereum, which means they could also support alt coins built on the Ethereum network.

So Ledger supports more coins. What I like about Trezor is their blog. They seem to be very communication forward when it comes to how to use their product, how to protect your wallets, how to access Bitcoin Cash (when it first came on the scene), etc.

Neither is expensive to buy, why not have both?

if read accepted list crypto curency, iam choose trezor
list coin in trezor is very good, and support all major coin

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October 16, 2017, 10:52:20 AM
 #20

I have a Nano and just got two Ledger Nano S.

Go with a Ledger Nano S you won't regret it.

Vechain!
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