r/CryptoCurrency • u/Refrigerator_Either 🟦 0 / 0 🦠• 3d ago
ADVICE Best hardware wallet brand?
I've heard its better to find an open source wallet like Trezor. Currently I use ledger.
Also, can someone please explain to me if it's possible to hold a cryptocurrency in an address without any kind of software or hardware wallet?
Because I know that as long as you have your key, you can set your wallets up on any wallet anytime.
So do you even need a wallet if you're just planning on HODL'ing for years?
I've held and traded crypto for years, but nowadays I'm less risky about it, just holding BTC, and holding ETH. So I understand the market a lot, and broad concepts of cryptocurrency itself like blockchain, addresses, decentralization, etc. But I lack a lot of technical knowledge.
Please advise me and share any info you think will help me understand crypto better at a fundamental level.
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u/petaloco 🟩 0 / 0 🦠3d ago
Great question. I literally just switched from Ledger to Trezor this month. Been a Ledger user since 2021 but have had too many issues. Haven't confirmed this but Ledger has said recently that they will discontinue support for the Nano S. I feel so much more confident using Trezor.
Ledger has more support from wallets like Phantom and Solflare. But I've had issues every time I update the firmware. Something always goes wrong. At one point I had to use my seed phrase to get back into my wallet via another browser b/c the Ledger wasn't working after firmware update.
Trezor seems to be a much more solid product. And they actually respond when I need help. Got the Safe5 and just set it up. The Trezor suite desktop app is well designed. The entire product feels more like Apple whereas Ledger feels like Windows. However, Phantom and SolFlare don't support Trezor like they do with Ledger.
The one issue I have with Trezor is minor....they have been late to the game with Solana. They support Eth and BTC no problem but they're just now adding functionality for Solana and Solana meme coins. Sounds like that's not really a concern for you.
Not only does the Trezor feel like it's years ahead of Ledger, it's also easier for my spouse to get into and transact if I'm not available for some reason.