Part 1: CoolWallet S vs Ledger Nano S vs Trezor: Which One is Better?

[nguyendu1997 140]

A cryptocurrency is valuable only when it is there. You probably wouldn’t care all that much about the price fluctuations of Bitcoin or Ethereum if you didn’t hold any yourself - sure, it’s still interesting, but not nearly to the extent of when you possess some.

However, there are people out there that may try to rob you of your cryptocurrencies - whether it be with a keylogger, a virus, a security breach or in any other way. That’s why people need a safe cryptocurrency wallet - and that’s exactly what we’ll be talking about in this CoolWallet S vs Ledger Nano S vs Trezor crypto wallet comparison.

We’ll start by laying down the evaluation criteria. After that, we’ll move on and talk about the actual wallets, their pros, and cons, etc. At the very end, I’ll give you a short recap and let you decided on which wallet would be best to use.

Introduction - Evaluation Criteria

It would be tough to start talking about and comparing cryptocurrency wallets without establishing the grounds on which we could compare them.

 

There are a lot of different aspects and features that a cryptocurrency should possess for it to be attractive and usable, but since we are mostly looking to compare the three crypto wallets and find their strengths and weaknesses, we’ll stick to the main stuff.

The following are the criteria which we’ll use as the foundation for our CoolWallet S vs Ledger Nano S vs Trezor comparison:

• Security. Hands down, security is the most important aspect when it comes to choosing a cryptocurrency wallet. Even though CoolWallet, Ledger and Trezor, by default, more or less have this covered (all of them being hardware crypto wallets), we’re still going to take a somewhat in-depth look into each one and try to distinguish both the strengths and the shortcomings of this aspect.
• Accessibility. If you purchase a cryptocurrency wallet, you’d probably want it to be accessible and easy to use. There are a lot of clunky and outdated crypto wallets in the market - even though they might be on the cheaper side of the price tag, they are horrendous to use. In this CoolWallet S vs Ledger Nano S vs Trezor crypto wallet comparison, we’ll take a look at each of the three hardware wallets and see if we can reach a clear consensus on just how user-friendly they are.
• Cryptocurrency support. New cryptocurrencies enter the market almost every single day. Most people now hold not one, but two or three (or five or ten) different cryptocurrencies, whether it be for different transactions of other reasons. Because of this, it’s important that a good hardware cryptocurrency wallet would not only have great cryptocurrency storing conditions but would also allow multiple currency storage. We’ll see if we can find a clear winner in this CoolWallet S vs Ledger Nano S vs Trezor comparison.
• Visual side. Even though this is probably one of the least important aspects when it comes to good crypto storing wallets, it’s always nicer to carry around a slick, aesthetically-pleasing device rather than a clunky and hideous one.
• Price tag. Finally, we’re going to talk about the price tags of these three wallets. The price of a hardware cryptocurrency wallet is most commonly the determining factor behind the decision of buying or skipping the device. You should keep in mind that we are going to talk about three of the most advanced crypto wallets in the game - their prices are most probably going to reflect this fact.

These are going to be the main evaluation criteria that we’ll use to analyze and compare all three of the wallets. Before we begin, however, let’s have a brief overview of each of the wallets, just so that we could know what we’re dealing with.

CoolWallet S vs Ledger Nano S vs Trezor - A Short Overview

Just so that we could both be on the same page, let’s briefly cover the three wallets in question.

CoolWallet S

The CoolWallet S crypto wallet is the world’s first mobile cryptocurrency wallet. The company CoolBitX (and the product behind it) isn’t as well-known as it’s other contenders on this list, but the wallet is slowly, but surely making its way into the mainstream.

Although the company itself launched only back in 2014, more and more people that spend their time in cryptocurrency communities worldwide are starting to hear about just how great this new player in the cryptocurrency wallet market is.

Ledger Nano S

The Ledger Nano S is one of the most talked-about hardware cryptocurrency wallets in the market. It has built a solid reputation over the years of being on the top when it comes to reliability, security and overall performance. With more than 1 million product sales worldwide, the Ledger is still one of the leading cryptocurrency wallets in the market.

Pros

• Super secure
• Protection against physical damage
• Supports more than 1500 coins and tokens

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Pros

• Can be managed from mobile device
• Very secure
• Supports more than 1,100 cryptocurrencies

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Pros

• Easy to use
• Free to register and keep crypto coins in
• Decent fees

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Trezor

Trezor is the first hardware cryptocurrency wallet ever created. To this day, it is seen as the main competitor for Ledger Nano S - both of these hardware wallets currently dominate the market. With Trezor being in the business for so long and competing for the top tier rank of best crypto wallets out there, this serves as a great proof of just how reliable and time-tested this hardware wallet truly is.

[tranthanh9722 1]

I am using Ledger Nano S hardware wallet and found it to be quite secure

[MisbahJam 801]

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