Trust Wallet vs Ledger | Which Crypto Wallet Is Safer & Better?
Jack Moreau
Feb 2024
8 min read
Fact checked
Introduction: When it comes to securing your digital assets, selecting the ideal cryptocurrency wallet is absolutely essential. That's why we've conducted a thorough comparison of Trust Wallet vsLedger, weighing factors such as supported blockchains and cryptocurrencies, distinctive features, compatibility with hardware wallets, security measures, and a whole lot more!
Trust Walletand Ledger are two popular cryptocurrency wallets that offer secure storage and management of digital assets.
Trust Wallet was founded in 2017 by Ukrainian entrepreneur Viktor Radchenko and was later acquired by Binance in 2018. The wallet is based in San Francisco and has a team of over 220 employees.
Trust Wallet is a non-custodial wallet, which means that users maintain full control over their private keys.
It supports over 70 blockchains and 10 million digital assets, including cryptocurrencies like Bitcoin, Ethereum, Solana, and Litecoin.
Trust Wallet Blockchains
Trust Wallet has over 60 million users worldwide and is available as a mobile app on Android and iOS. The mobile app has over 10 million downloads and a 4.5-star rating based on 1.7 million reviews.
Trust Wallet also has a browser extension available on Chrome browsers, which has gathered over 500,000 downloads and a 4-star rating based on 500 reviews.
Trust Wallet Blockchains
Ledger, on the other hand, is a hardware wallet that was founded in 2014 by a team of experts including Eric Larchevêque and Nicolas Bacca. Ledger is based in Paris and has over 800 employees.
Ledger Wallet Website
Ledger Wallet is known for its secure storage of private keys in a hardware device, offering enhanced security for users' digital assets. Ledger provides several wallet options, including the Ledger Nano S, Ledger X, and the recently introduced Ledger Stax.
Ledger also offers infrastructure solutions for banks, hedge funds, and high net worth individuals. With over 6 million customers using their hardware wallets, Ledger has become one of the most trusted wallet providers in the industry.
Ledger Live, their desktop and mobile application, has received a 4.8-star rating based on over 30,000 reviews. Ledger Live supports Android, iOS, and desktop platforms, providing users with a user-friendly interface to manage their cryptocurrencies securely.
ledger app
In summary, Trust Wallet and Ledger are both reputable cryptocurrency wallets, each offering unique features and benefits. Trust Wallet is a non-custodial wallet that supports multiple blockchains and has a large user base of over 60 million users.
Ledger, on the other hand, is a hardware wallet that provides enhanced security through the storage of private keys in a separate device. Both wallets have received positive reviews and are trusted by millions of users worldwide.
Trust Wallet vs Ledger User Experience
Trust Wallet is a non-custodial wallet that offers a user-friendly interface, making it easy for users of all experience levels to use the app.
It can be downloaded on Android and iOS devices where users will have access to more blockchains and features than the browser wallet. Trust Wallet currently offers support for Chrome, Brave, Opera, and the Edge Browser.
Trust Wallet Supported Browsers
However, it is not available for download on desktop. The setup process for Trust Wallet is straightforward. Users can download the app from the App Store or Google Play Store, create a new wallet, accept the terms and conditions, and set a secure password.
They also need to note down their recovery phrase and keep it in a secure location for account recovery. One downside of Trust Wallet is its limited availability on desktop. However, its user-friendly interface and wide range of supported blockchains make it a popular choice for mobile users.
Trust Wallet Ledger
Ledger offers a range of hardware wallets, including the Ledger Nano S Plus and Ledger Nano X, both of which have received glowing reviews from customers.
ledger live supported platforms
The Ledger Nano S Plus is the cheapest option, starting at $79, and offers support for multiple colors, over 5000 cryptocurrencies, DeFi, and NFTs. It is compatible with Mac, Windows, and Android.
ledger cryptocurrencies
The Ledger Nano X, priced at $149, offers the same features as the S Plus but is also compatible with iOS devices.
Ledger nano s plus
Ledger wallets provide users with complete control over their private keys and assets, making them a popular choice among security-conscious individuals.
Ledger enterprise
They also support swapping and staking within the app, allowing users to easily manage their digital assets. In addition to the hardware wallets, Ledger has also developed the Ledger Live app, which offers a sleek and modern interface for managing digital assets.
Ledger Staking
Ledger Live supports a wide range of cryptocurrencies and features, including DeFi and NFTs.
Ledger live supported platforms
The recently released Ledger Stax, with its larger E Ink touchscreen display and user-friendly design, provides an even more convenient option for users. Overall, Ledger wallets and the Ledger Live app offer a great user experience and provide a secure way to store and manage digital assets.
Ledger stax
With their compatibility with various operating systems and support for a wide range of cryptocurrencies, Ledger wallets are a popular choice among cryptocurrency enthusiasts.
ledger live
Trust Wallet vs Ledger Features
In this overview, we will compare and contrast these two wallets based on various aspects such as in-app DEX, swap fees, open source, NFT support, staking, and buying crypto with fiat.
Trust Wallet Cryptocurrencies
Starting with Trust Wallet, it offers users a wide range of products and services within the wallet. One notable feature is the in-app swaps, which are supported by multiple third-party DeFi integrations such as Thorchain, Kyber Network, and 1inch.
Trust Wallet Supported Browsers
However, users should be aware that Trust Wallet charges a 1% swap fee in addition to third-party exchange fees when using these intermediaries.
Trust Wallet is an open-source wallet that provides support for NFTs on several blockchains including Ethereum, Solana, and Polygon.
Trust Wallet NFT
Users can store and manage their NFTs, view their NFT collections, and easily transfer them to other wallets or marketplaces.
Additionally, Trust Wallet offers staking support for over 20 cryptocurrencies, including BNB, ATOM, LUNA, OSMO, ALGO, and Tezos, allowing users to earn yield on their digital assets.
Trust Wallet Staking
For users who want to buy cryptocurrencies within the wallet with fiat currencies, Trust Wallet has integrated with Binance Pay and Coinbase Pay for crypto purchases. It also offers a helpful Koinly integration for users who need assistance with tax filing at the end of the year.
Trust Wallet Buy Crypto Cards
On the other hand, Ledger Live is a comprehensive cryptocurrency management wallet that offers various features. Users can purchase a wide range of cryptocurrencies, including Bitcoin, Ethereum, Tether, Polkadot, and over 40 others, using either credit cards or bank transfers.
ledger wallet products
These assets are immediately transferred to the security of the user's hardware wallet. Ledger Live allows users to exchange one cryptocurrency for another with the help of partnered services, offering over 5,000 coins and tokens for swapping.
Additionally, it acts as a portal to various DeFi apps and services, allowing users to enhance their Ethereum holdings, stake tokens, manage DeFi portfolios, and access DEX aggregators like ParaSwap and 1inch.
Ledger wallet defi dapps
Ledger Live also supports NFTs, offering tools to collect, visualize, and transfer Ethereum NFTs securely. It provides insights into crypto market metrics and offers the CL Card, a cryptocurrency payment card compatible with the Ledger wallet.
Trust Wallet and Ledger are two popular cryptocurrency wallets that offer different features and security measures. In this overview, we will compare and contrast the two wallets in terms of their design, security features, and overall user experience. Trust Wallet is a non-custodial wallet that emphasizes the importance of decentralization and user control over their private keys.
Trust Wallet Stablecoins
One of the main benefits of Trust Wallet is that all private keys are stored in a decentralized way across millions of devices. This means that users have full authority over their crypto assets and can protect them by creating a strong password and storing the 12 or 24-word seed phrase in a safe place.
Trust Wallet Dapps
Trust Wallet also offers enhanced security features such as two-factor authentication (2FA), data encryption, and backup solutions for private key recovery. Additionally, Trust Wallet regularly conducts audits by Stateful and offers bug bounties up to $100,000 to hackers who can identify security issues.
Overall, Trust Wallet provides a secure and user-friendly experience for those who value self-custody and control over their assets.
On the other hand, Ledger is known for its robust security framework achieved through the integration of hardware and software. Ledger wallets store private keys on a Secure Element chip that is isolated from internet connectivity, providing extra protection against physical breaches.
ledger enterprise
The wallet also incorporates a trusted display, allowing users to confirm transaction details before giving approval, and undergoes continuous updates to counter emerging threats. Ledger has never been successfully hacked, making it one of the most secure hardware wallet options available.
Additionally, Ledger supports advanced features like multiple Ethereum and Solana addresses, compatibility with Ledger hardware wallets, and transaction previews to give users a clear picture of potential changes in token balances during DApp interactions.
With its strong emphasis on security and its seamless integration of hardware and software, Ledger offers a reliable and secure option for storing cryptocurrencies.
In terms of user experience, Trust Wallet is known for its simplicity and ease of use. The wallet is designed to be intuitive and accessible to users of all levels of expertise. It supports a wide range of cryptocurrencies and allows users to easily manage and track their assets.
Trust Wallet also offers additional features such as decentralized exchange integration, staking, and access to decentralized finance (DeFi) applications. With Trust Wallet, users can enjoy a seamless and user-friendly experience while retaining control over their funds.
Trust Wallet vs Ledger Conclusion
In conclusion, both Trust Wallet and Ledger offer unique advantages in terms of support for cryptocurrencies and security measures. Trust Wallet stands out with its extensive support for over 70 blockchains and its large user base of over 60 million users.
It also offers features such as in-app swaps, NFT support, and staking options for various cryptocurrencies. However, Trust Wallet is limited to mobile and browser platforms, and it charges a 1% swap fee for certain transactions.
Ledger, on the other hand, is renowned for its hardware wallets that provide enhanced security through the storage of private keys in a separate device. Ledger offers a wide range of hardware wallet options and supports over 5000 cryptocurrencies.
It also provides a user-friendly interface through its Ledger Live app, which allows users to manage their digital assets seamlessly. However, Ledger's hardware wallets can be more expensive compared to software wallets, and its development pipeline may be slower compared to other wallets.
Ultimately, the choice between Trust Wallet and Ledger depends on the user's priorities. If a robust and secure storage solution is paramount, Ledger's hardware wallets are an excellent choice.
On the other hand, if users prioritize a wide range of supported cryptocurrencies and user-friendly features, Trust Wallet is a suitable option. Both wallets have garnered positive reviews and a strong reputation in the cryptocurrency community, making them reliable choices for managing and storing digital assets.
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.
