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Trust Wallet vs Ledger Nano S in comparison

Overview

Description

Trust Wallet is the official software wallet of the Binance exchange, enabling easy sending, receiving, and trading of coins and tokens. It is particularly popular for its extensive selection of supported cryptocurrencies. Additionally, the app provides access to decentralized apps and NFTs.

Trust Wallet
Reviews

The Ledger Nano S is the most popular hardware wallet on the market. It is the more affordable sibling of the Nano X, lacking additional convenience features such as Bluetooth and offering smaller storage capacity. Despite this, the price-performance ratio of the Ledger Nano S remains unbeatable.

Ledger Nano S
Reviews
Pro's & Con's
Pro's
  • Supports a wide range of cryptocurrencies
  • Clear and user-friendly app
  • Integrated DApp browser
  • Direct connection to Binance
Con's
  • Very poor customer support
  • No desktop application
Pro's
  • High security and excellent price-performance ratio.
  • Ideal for beginners with a limited budget.
  • Supports a wide range of cryptocurrencies.
  • User-friendly and straightforward setup.
Con's
  • Limited app storage compared to newer models.
  • No Bluetooth connectivity, making it less convenient for mobile use.
  • Upgraded models like Nano S Plus and Nano X offer better features.
  • Small screen size can be less convenient for frequent use.

User Interface

Information

Wallet type
Software
Hardware
Price (Hardware)
$79
Supported assets
150000
+
5500
+
Open Source
yes
Yes
no
No
yes
Yes
no
No
Anonymity
Low
Medium
High
Low
Medium
High
Private Key Owner
You (Non-Custodial)
You (Non-Custodial)
Popularity
2.72 million followers
621,905 followers

Hardware

Screen
128 x 32 pixels
Interfaces
USB C
Service
Haptic buttons
Processing quality
Low
Medium
High
Low
Medium
High
Secure Elements
CC-EAL5+
FIDO U2F Authenticator
yes
Yes
no
No
yes
Yes
no
No
Certification
ANSSI
Dimensions
56.95mm × 17.4mm × 9.1mm
Weight
16g
Scope of delivery
1 hardware wallet, 1 USB-C to USB-A cable, 1 getting started leaflet, 3 recovery sheets, 1 lanyard

Features

Buy & Sell
yes
Yes
no
No
yes
Yes
no
No
Staking
yes
Yes
no
No
yes
Yes
no
No
NFT Integration
yes
Yes
no
No
yes
Yes
no
No
Two-factor authentication
yes
Yes
no
No
yes
Yes
no
No
Multi Signature
yes
Yes
no
No
yes
Yes
no
No
Backup
Recovery Seed (12 words)
Recovery Seed (24 words)
Unique Features
  • DApp browser
  • Lending (earn interest)
  • Ledger Live App
  • Up to 100 apps
Available for US users?
yes
Yes
no
No
yes
Yes
no
No
Platforms

Wallet Rating

Overall rating
7.5
10
8.7
10
Our individual ratings
Operation
8
8
complicated
simple
Supported Assets
150000
5500
simple
extensive
Security & Trust
7
9
simple
extensive
Functions & Scope
8
9
simple
extensive
Beginner friendliness
8
8
simple
extensive
Support
4
8
simple
extensive

About

The Company
Trust Wallet (takeover by Binance)
Ledger SAS
Headquarters
USA
France
Company size
Small
Medium
Large
Small
Medium
Large
Founder
Viktor Radchenko, Maxim Rasputin
Eric Larchevêque, Joel Pobeda, Nicolas Bacca, Thomas France
Year of foundation
2017
2014

Our Review

Trust Wallet is a reliable software wallet, particularly suitable for beginners. The app features a clear design and offers useful functions such as a browser for decentralized applications. It also supports the staking and lending of cryptocurrencies within the wallet. Trust Wallet stands out due to its wide range of supported crypto assets. While it is a solid choice, other comparable software wallets are more mature and offer better features. Reviews in the App Store and on various portals indicate that users are often dissatisfied with the poor customer support, among other issues.

Trust Wallet
Review

Hier ist der optimierte und umformulierte Text für die Ledger Nano S Review: The Ledger Nano S was the first successful hardware wallet on the market and remains the market leader today. It is a classic wallet that offers high security and an excellent price-performance ratio, making it ideal for beginners with a limited budget. Recently, Ledger introduced an upgrade: the Ledger Nano S Plus. Priced at €79, it is only slightly more expensive than the regular Nano S and offers significant improvements in features and build quality. If you can spend a bit more, consider the premium model Nano X from Ledger. For the extra cost, you get a higher quality device, more storage space for apps, and easier handling thanks to its Bluetooth connection to your smartphone.

Ledger Nano S Plus
Review
By
Ethan Parker
Senior Content Editor

Summary

Ethan Parker
By
Ethan Parker
Updated:
July 9, 2024

About the author

Ethan Parker
Ethan Parker
Senior Content Editor

Ethan is the go-to crypto guru at Exchange Flow, with nearly a decade steering traders through crypto exchange platforms worldwide, Ethan brings welcome clarity to the complex terrain of digital currencies. His hands-on approach to testing and analyzing exchanges worldwide makes his reviews and articles valuable information for readers and newcomers in the crypto world. Beyond his crypto expertise, Ethan is a retro gaming enthusiast and an explorer at heart, using his crypto gains to fuel adventures around the world. Dive into Ethan’s articles and reviews for a global perspective on cryptocurrency that’s as enlightening as it is engaging.

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