Crypto hard wallets enable more secure storage and management of crypto assets.
Great book explaining cold storage during the setup process.
Kari McMahon/Insider
They hold private keys, which are needed to unlock the address where crypto assets are stored on the blockchain.
Great book explaining private keys during the setup process.
Kari McMahon/Insider
Despite how complicated it seemed, I found it quick and easy to set up the Trezor Model One.
Trezor wallet with an attached lanyard.
Kari McMahon/Insider
For months I had another crypto wallet, the cheaper and newer Ledger Nano S Plus, sitting on my desk.
The Ledger Nano S Plus box.
Kari McMahon/Insider
I had received the wallet to try it out, but continued to avoid it as the process seemed to take time.
I was offered the Ledger Nano S Plus to try out.
Kari McMahon/Insider
After the easy process of setting up the Trezor, I wanted to see how its competitor fared, especially since it’s cheaper. The Trezor Model One is $74 with no shipping, while the Ledger Nano Plus S is $72.
The Trezor Model One and the Ledger Nano S Plus.
Kari McMahon/Insider
Both wallets come with similar components: the hard wallet itself, a lanyard, a USB cable, and documentation.
Components of the hard wallet inside the Ledger Nano S Plus package.
Kari McMahon/Insider
It felt like the Ledger was a bit heavy on the packaging compared to the Trezor.
Nano S Plus ledger packaging.
Kari McMahon/Insider
That’s okay, but the selection of stickers was poor compared to what the Trezor offered.
Stickers and documentation supplied with Ledger Nano S Plus.
Kari McMahon/Insider
At first glance, the Ledger hard wallet looked sleeker, but it also reminded me of the flash drives handed out in the first week of college, which I lost frequently.
The Ledger Nano S Plus hard wallet.
Kari McMahon/Insider
I was surprised to find that I preferred the larger screen and bulkier style of the Trezor.
Creation of a portfolio on the Trezor Model One.
Kari McMahon/Insider
The Trezor and Ledger setup processes were similar and took about the same amount of time.
The configuration process on the Ledger application.
Kari McMahon/Insider
Ledger didn’t have a browser offering like Trezor, so I had to download the desktop app.
The Ledger desktop app.
Kari McMahon/Insider
Ledger focused more on education, explaining the basics of crypto wallets at the start and asking users to take a quiz at the end of the setup process.
The quiz screen on the Ledger app.
Kari McMahon/Insider
I was relieved to be rated as a crypto “pro” after the quiz.
I was rated as “a pro” after completing the ledger quiz.
Kari McMahon/Insider
After the setup process, crypto assets can then be added to wallet accounts.
An account for bitcoin assets on my Ledger hard wallet.
Kari McMahon/Insider
It was more intimidating on the Ledger than on the Trezor, as Ledger Live offers many other features, such as interacting with staking apps and storing non-fungible tokens.
Apps on Ledger Live.
Kari McMahon/Insider
You can even buy and sell assets from the Ledger hard wallet. I liked how Ledger offered all these extra features, while remaining competitive on price.
Buy and sell crypto assets on Ledger Live.”/>
Buy and sell crypto assets on Ledger Live.
Kari McMahon/Insider
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