Trezor vs Ledger: Which Wallet is Better for Online Gambling?

When it comes to crypto gambling, undisputed security is not just a nice to have—it is a must. The same goes for holding cryptocurrencies. Hence, crypto holders often resort to using hardware or cold wallets to ensure the highest levels of protection. These are also popular among crypto enthusiasts who gamble online, enabling them to keep assets safe from hackers and minimise the chances of cyber attacks.

Although there are many solutions, Trezor and Ledger are the most prominent names, synonymous with security. But which one should you use to play at crypto casinos? In this Crypto Gamba guide, we put Ledger and Trezor head to head and analyse their features, highlights and vulnerabilities. Stay with us as we break down the differences and help you decide which fits your playing style and betting habits more.

Key Features of Ledger & Trezor

Both wallets have the same purpose and operating features. However, they differ in several ways. Below, we discuss the most critical aspects any crypto casino player should consider.

Security

Hot wallets are a popular option for most casino players, but cold wallets like Ledger and Trezor outshine them in terms of security. This is the main reason why crypto enthusiasts opt for a cold wallet.

Both cold wallets feature cold storage, meaning the private keys don’t have to touch the internet or be exposed to malicious attempts. However, despite having the same storage type, they differ.

Trezor is fully open-source. This means that the public reviews its firmware, and everyone has the same level of transparency. Although transparency is a positive thing, in this case, it might also be a drawback. Namely, if any vulnerabilities are found, hackers have the same access to the publicly available information and might exploit that.

Ledger uses a closed-source Secure Element chip, which is often compared to a credit card or passport chip. The chip information is hidden from potential hackers. However, security depends on whether the company updates the chip and follows modern security trends.

Security Winner: Ledger

None of Ledger’s products has a history of successful security breaches. Meanwhile, several cybersecurity companies have discovered and highlighted exploits in Trezor.

Supported Cryptocurrencies

Modern online casinos like BC.Game and Stake.com accept a long list of cryptocurrencies for deposits and withdrawals. Many players take advantage of this due to fluctuating crypto prices. For this reason, many highly appreciate a wallet with a broad list of supported digital currencies. Let’s see now how Trezor and Ledger compare in this aspect.

Trezor’s products, Model One, Safe 3, Safe 5 and Model 5, support over 8,000 cryptos. The official website showcases a filterable list by model. However, some complain about the lack of altcoins like DOT and ATOM.

On the other hand, Ledger’s products Nano S Plus, Nano X, Flex and Stax are said to support over 5,000 cryptos. The community praises them for adding new cryptocurrencies regularly.

Supported Currencies Winner: Trezor

Although Trezor has been somewhat slower in adding new cryptos to its latest models, it still guarantees broader coverage of cryptocurrencies.

User Experience

Crypto gambling, by nature, requires being speedy, especially if you partake in live casino games. So, many players need to have a no-fuss, simple experience with moving their crypto assets.

Trezor has a straightforward and intuitive interface and works with the native software Trezor Suite. Recently, a mobile app for Android was introduced, while the iOS app tracks balances with view-only access.

Ledger, on the other hand, has a polished setup, with desktop and mobile apps available through their proprietary software Ledger Live. The software is compatible with both iOS and Android devices.

User Experience Winner: Ledger

Ledger is a better option if you like to partake in mobile gambling, especially if you use iOS-powered devices. However, if you’re looking for a less complicated experience, Trezer is a strong contender.

Value for Money

It is safe to say that investing in a crypto cold wallet is an investment in security. However, that doesn’t necessarily mean there shouldn’t be cost-efficient solutions.

Trezor’s oldest product, Model One, is priced at $49, whereas its most expensive model, the Trezor Safe 5, is priced at $179. The latter features NDA-free EAL 6+ Secure Element along with PIN and 20-word passphrase protection.

Ledger’s cheapest product is Nano S Plus, which costs $79. The most expensive one is Ledger Stax, which will set you back $399. This wallet also features a Secure Element Chip and a CC EAL6+ Certification. However, unlike Trezor, it is an excellent option for staking.

Value for Money Winner: Trezor

With a significantly lower average price for the same or similar features, Trezor takes the crown as a more cost-effective cold wallet between the two.

Our Verdict

Ledger and Trezor have rightfully earned their place amongst the best crypto wallets. However, despite this being indisputable, specific differences make them more appealing to certain crypto casino players.

Although a more considerable investment, Ledger is a better choice for accessibility and speed, which can be crucial for casino play in many cases. Also, Ledger's security history can assure everyone that this brand takes its job very seriously.

Trezor, on the other hand, is a more straightforward and transparent solution with some drawbacks. Therefore, this cold wallet is better for budget players who prefer desktop gaming over mobile and appreciate a simple approach to handling cryptos.