Which hardware wallet would guys recommend?

Hi awesome people,
I am looking for some advice about which hardware wallet I should get. I know that there are Ledger Nano S and Trezor. Which is the most secure and can you access your funds if the wallet breaks by using your seed phrase?

Much appreciated

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Hey hyperToken!

Hope you’re doing well on this fantastic day :smiley:
I personally think Ledger’s wallets are better because to me looks and durability make a huge difference. But if that doesn’t matter to you I’d suggest going with Trezor.
A good thing to note is Ledger also supports a larger variety of coins than Trezor.
To read more on Trezor vs Ledger I’d suggest taking a look at this: https://www.exodus.io/blog/trezor-vs-ledger/
and this: https://medium.com/coinmonks/ledger-vs-trezor-best-hardware-wallet-to-secure-cryptocurrency-22c7a3fd391e

Regarding recovery: You can use your seed phrase to re-generate your wallet and it’s contents so hold on to that recovery phrase as if your life depended on it :laughing:

There are also a bunch of threads about this you can read (links here)




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HI MaxCrypto,
I am doing great and hope you are enjoying these beautiful crypto days as well :laughing: :
Anyways, thank you so much for taking the time in answering my question :grinning:
I guess I have some research to do, but yes I have had my eye on Nano S as well, but needed to hear some guys from the academy :slight_smile:

My brain is my wallet regarding the seed phrase. :slight_smile:

Have a good one mate.

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I would absolutely recommend the Ledger Nano and if you decide to purchase do NOT buy from Amazon or any third party. Buy it directly from Ledger to insure no one messed with it. I’ve had mine since 2017 and have no issues with it. You can download Ledger Live and it’s very easy to send and receive. If I can figure it out, anybody can. I’m a few years away from retiring!

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Hi Cathy,
Thx, for the reply, I have being doing some research, and it seems that the Trezor is more secure than the Ledger Nano, don’t get me wrong the Ledger is still super secure. But, the quality of the Trezor seems not as good as the Ledger Nano :slight_smile: . Conclusion, I am going for the Ledger Nano.

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Ledger Nano S has given me great experience. Also cheaper and less cumbersome.

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buy 2 m use the same seed phrase as it is your seed that is what you need to protect. You buy a Tezor and then Nano S and have the same seed phrase.

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Love the ledge
It’s secure. Has an awesome front end. Supports most crypto.

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The Ledger. The Trezor can sometimes be completely wiped during firmware upgrades. To date I have NOT seen that happen with my Ledger Nano S which I’ve owned for a couple of years now.

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There should be not much difference. I first bought Trezor One and I was happy because of it’s outstanding usablillity. Then I bougth Legdger Nano X because it supports more coins and has more memory than the Ledger Nano S, which only supports a handful of coins at once. I would prefer Trezor if it would support more coins. So I think in the end it depends on what coins you would like to have supported.

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I can highly recommend …“Don´t put all your eggs in one basket”.
Ledger & Trezor are the most common ones, thats for sure. Last year for example the Ledger Live app was down. You were not able to use you Ledger for more than a day…ok there was a possibility to use you Ledger Wallet via “MyEtherWallet”. Kraken IT specialists hacked trezor wallets for example. I think its also a good possibility to run an own bitcoin full node with your personal wallet. Thats not so difficult as it sounds.

So as I said…don´t put all your eggs in one basket.

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If you have a lot of different types of cryptos, then spend the extra money for a Ledger Nano X.
You will be able to install more apps on the wallet without swapping out. Definitely worth it.

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I personally have used both and I think Trezor is way better! I hate the fact with ledger that you have to always log out of certain coins. With Trezor is much easier. I also find I have many issues with Ledger while using Metamask.

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Definitely the Ledger Nano for me. I’ve been using the S since 2017 with no issues. If you can, it’s a good idea to get 2 - that way you can enter your seed phrase on both and keep the 2nd one as a backup in a different (and secure) place. The X is able to ‘store’ more types of crypto at the same time and can be used via Bluetooth, but they’re not too important for me. Either way, be sure to buy direct from the Ledger website. Hope that helps!

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You might still be able to get the Ledger (Nano or S) on a Cyber Monday discount if you’re quick

I’ve been using a Ledger nano X and it works fairly good. I also bought a Ledger nano s as a backup.

Recently I also bought a Trezor One as another backup but was a bit put off to use it because its desktop application asks for seed words to be typed into the browser.

Even though the number of the seed word is instructed from the device and in a random order, it still seems a bit dodgy to me. Thoughts anyone ?

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You can also use paper wallets and be as redundant as you feel you need to be. When it’s time to take them off the paper wallet you can freshly install an app/wallet that can swipe it and do what you need to (like Exodus, Coinomi).

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Hello,

I have a question. I’m in Canada and want to know what site I should use to buy and sell crypto. I am using Kraken now and set up an account with Bitbuy for my wife.
What are the differences and what would you recommend.

Thanks,
Rino

HI, I am not familiar with the Canadian exchanges providing crypto, I am using Binance, and Uniswap.
Not sure if they accept Canadian citizen! Otherwise Coinbase or Gemini, I more into defi, so mainly using Uniswap and Suhiswap.

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Hello @RinoNevada… I’m in Canada, as well.

I have accounts on Kraken, Coinbase, Binance, Crypto.com and others, but have trouble funding those accounts. My default has become COINBERRY (out of Toronto), for simple e-transfer funding. It has a good interface, decent support and is fairly quick. The fees are relatively low and built into the price of the cryptocurrencies, so you pretty much pay what you see, instead of having to calculate. They have BTC, BCH, ETH, XLM, XRP (still, which I like), and LTC.

I’ve tried two other Canadian exchanges, and I find CoinSquare is okay (was the first one I used), but the other was terrible. I don’t even remember what it was called now… lol.

With all that said about COINBERRY, I find that I am more often funding through Coinberry and then sending from there to my Binance exchange wallet, or Exodus or MetaMask wallets, so I can pick up some of the mid and low cap coins through Uniswap or 1inch. The only issue with this method is that there are so many dang-high fees right now, until Ethereum figures that out - which I hope they do soon!

Hope that helps!!
Douglas

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