Ledger Flex vs Trezor Model T: Which Protects Your Crypto Portfolio Better?

  • Home
  • Ledger Flex vs Trezor Model T: Which Protects Your Crypto Portfolio Better?
Ledger Flex vs Trezor Model T: Our in-depth comparison breaks down security features, coin support, and user experience to help you choose the perfect guardian for your digital assets.

Ledger Flex vs Trezor Model T: Which hardware wallet should guard your cryptocurrencies? If you’re scratching your head over this question, you’re in the right place.

Choosing between the sleek new Ledger Flex and the battle-tested Trezor Model T is tougher than predicting the next bull run. But fear not! I’ve tested both these wallets, and I’m here to help you choose your perfect match.

In this comparison, we’ll take a look at the following:

  • Design and Hardware
  • Security Features
  • Cryptocurrency Support
  • User Experience
  • Price Tag
  • Pros and Cons
  • And more……..

Let’s get started!


Ledger Flex vs Trezor Model T: Overview

The Ledger Flex and Trezor Model T are both hardware wallets designed to secure cryptocurrency. The Trezor Model T, created by SatoshiLabs, was released in February 2018. It has been a popular choice for crypto enthusiasts for several years. On the other hand, the Ledger Flex is the latest offering from Ledger, launched in July 2024.

While both devices serve the same primary purpose of protecting digital assets, they have different approaches. Trezor focuses on open-source security, which means its code is publicly available for review. In contrast, Ledger uses a custom-built secure chip for protection.

Despite their differences, both wallets aim to provide a safe way to store and manage various cryptocurrencies. Users often choose between them based on factors that we will now compare.


Design and Hardware

When it comes to looks and build, both these wallets are top-notch. Let’s break it down:

Feature
Ledger Flex
Trezor Model T
Screen
2.84″ E Ink touchscreen
1.54″ Color LCD touchscreen
Materials
Aluminum frame, plastic back
PC/ABS plastic blend
Size
78.4 x 56.5 x 7.7 mm
64 x 39 x 10 mm
Weight
57.5g
22g
Extra Features
None
MicroSD card slot

My take: The Ledger Flex wins on screen size, but the Trezor Model T’s color display is a nice touch. The Flex feels more premium with its aluminum frame, but it’s also heavier. If you want something that feels high-end, go for the Flex. If you prefer compact and lightweight, the Model T is your best bet. The MicroSD slot on the Trezor is a cool extra, but I rarely use it.


User Interface and Experience

Using these wallets day-to-day is where the rubber meets the road. Here’s how they stack up:

Feature
Ledger Flex
Trezor Model T
Screen Tech
E Ink (black & white)
LCD (full color)
Touch
Full touchscreen
Full touchscreen
Readability
Excellent in all light
Good, can be tricky in sunlight
Responsiveness
Slight lag (E Ink refresh)
Snappy
Beginner-Friendly
Very intuitive
Intuitive, but smaller screen

My take: The Ledger Flex’s E Ink screen is a game-changer for readability, especially outdoors. It’s easier on the eyes for long sessions. However, the slight lag when the screen refreshes can be annoying. The Trezor Model T’s color screen is more responsive and vivid, which some users might prefer. For beginners, I’d lean towards the Flex – the bigger screen makes it easier to understand what you’re doing.


Security Features

Security is why we use hardware wallets in the first place. Both are solid, but there are differences:

Feature
Ledger Flex
Trezor Model T
Secure Chip
ST33K1M5
Not specified
Certification
CC EAL6+
Not specified
PIN Protection
4-8 digits
PIN with randomized layout
Backup
24-word recovery phrase
12, 20, or 24-word phrase
Software
Closed source
Open source

My take: Ledger Flex has the edge in certified security with its high-grade secure chip. However, Trezor’s open-source approach means more eyes on the code, potentially catching issues faster. The Trezor’s randomized PIN entry is a nice touch against shoulder-surfing. For backups, I like Trezor’s flexibility with different word counts. If you’re super security-conscious, lean towards the Ledger Flex. If you value transparency and community oversight, the Trezor Model T might be more your speed.


Cryptocurrency Support

Cryptocurrency support is a crucial factor when choosing a hardware wallet. Both Ledger Flex and Trezor Model T offer extensive support for various cryptocurrencies, tokens, and NFTs.

Feature
Ledger Flex
Trezor Model T
Supported coins and tokens
5,500+
9,000+
NFT support
Ethereum and Polygon NFTs supported in Ledger Live
Supported through third-party wallets
Staking capabilities
Supported for various coins
Supported for various coins

My Opinion: While both wallets offer extensive cryptocurrency support, the Trezor Model T edges out with support for a larger number of coins and tokens. However, Ledger Flex’s native NFT support in Ledger Live might be more appealing to NFT collectors. For most users, either wallet will suffice in terms of cryptocurrency support. If you’re into less common altcoins, the Trezor Model T might be the better choice. For those focused on major cryptocurrencies and NFTs, the Ledger Flex’s native support in Ledger Live could be more convenient.


Software and Ecosystem

The software and ecosystem surrounding a hardware wallet can greatly impact its usability and overall user experience.

Feature
Ledger Flex
Trezor Model T
Native software
Ledger Live
Trezor Suite
Third-party wallet compatibility
High
High
Mobile app support
iOS and Android
Limited (primarily through third-party wallets)

My Opinion: Ledger Live is generally considered more user-friendly and feature-rich compared to Trezor Suite. The mobile app support for Ledger Flex is also a significant advantage, especially for users who prefer managing their crypto on the go. While both devices have good third-party wallet compatibility, Ledger’s ecosystem feels more cohesive and accessible for beginners. For this reason, we recommend the Ledger Flex for users who prioritize a seamless software experience and mobile accessibility.


Advanced Features

Advanced features can set hardware wallets apart, especially for more experienced users or those with specific security needs.

Feature
Ledger Flex
Trezor Model T
Unique security feature
Clear Signing
Shamir Backup
Privacy features
Limited
Coin control, Tor support
Two-factor authentication
Supported
Supported
FIDO2 support
Not specified
Supported

My Opinion: Both wallets offer unique advanced features. Ledger Flex’s Clear Signing provides an extra layer of transaction verification, which is excellent for security-conscious users. On the other hand, Trezor Model T’s privacy features, including coin control and Tor support, are valuable for users prioritizing anonymity. The Shamir Backup feature of Trezor is also a significant advantage for those wanting advanced recovery options.

For users who prioritize transaction clarity and straightforward security, the Ledger Flex might be the better choice. However, for those who value privacy features and advanced backup options, the Trezor Model T could be more suitable. The choice here really depends on which advanced features align more closely with your specific needs and concerns.


Setup and Getting Started

Getting your new hardware wallet up and running is a crucial step. Let’s see how Ledger Flex and Trezor Model T compare in this department.

Feature
Ledger Flex
Trezor Model T
Initial setup process
Guided setup through Ledger Live app
Guided setup through Trezor Suite
Device initialization
On-device and through app
Primarily on-device
Seed phrase generation
24 words
12, 18, or 24 words
Estimated setup time
10-15 minutes
10-15 minutes
Additional setup support
Standard customer support
Trezor Expert Session available ($99)

Our Opinion: Both Ledger Flex and Trezor Model T offer user-friendly setup processes that most people can handle on their own. Ledger’s setup through the Ledger Live app feels a bit more modern and streamlined, which might appeal to tech-savvy users or those who prefer mobile-first experiences.

Trezor, however, has a unique ace up its sleeve with their Trezor Expert Session. For $99, you can get a personal, one-on-one online session with a Trezor expert. This is a great option if you’re new to crypto and want extra guidance. During these sessions, you’ll not only set up your device but also learn about self-custody, crypto security, and how to navigate the crypto world safely. It’s like having a personal crypto tutor.

The team of Trezor Expertss will walk you through setting up your hardware wallet with ease and give you the confidence to kickstart your crypto journey!
A Trezor Expert session is for individuals seeking hands-on hardware wallet setup, basic training, security insights, and a confidence boost with their Trezor device in a live, personalized session led by a certified Trezor guru.

For most users, the standard setup process for either wallet will be sufficient. Both are designed to be straightforward and take about 10-15 minutes. But if you’re feeling unsure or want a deeper understanding right from the start, Trezor’s Expert Session could be worth the investment.

Ledger Flex’s approach might be more appealing if you’re comfortable with technology and prefer a sleek, app-guided process. On the other hand, if you value the option of personalized support and are willing to pay for it, the Trezor Model T with its Expert Session offering could be the better choice.


Compatibility

Compatibility with various operating systems and devices is crucial for seamless integration into users’ existing tech ecosystems.

Feature
Ledger Flex
Trezor Model T
Desktop OS support
Windows 10/11, macOS Big Sur/Monterey/Ventura, Ubuntu LTS 20.04/22.04
Windows 8+, macOS 10.11+, Linux
Mobile OS support
iOS 14+, Android 10+
Limited (primarily through third-party wallets)
Chrome OS support
Not compatible
Compatible
ARM processor support
Not specified for desktop
Not specified

My Opinion: Both wallets offer broad compatibility with major desktop operating systems. However, Ledger Flex has a clear advantage in native mobile support, which is increasingly important for users who prefer managing their crypto on smartphones or tablets. Trezor Model T’s compatibility with Chrome OS could be a plus for some users, but its limited native mobile support is a drawback.

For users who primarily manage their crypto on desktop and don’t mind using third-party wallets for mobile access, either device would work well. However, if you value native mobile app support and frequently use your smartphone for crypto management, the Ledger Flex would be the better choice. Those who use Chromebooks might prefer the Trezor Model T for its Chrome OS compatibility.


Battery Life and Power

Power management and battery life can affect the convenience and usability of a hardware wallet, especially for users who are often on the move.

Feature
Ledger Flex
Trezor Model T
Power source
Rechargeable battery
USB power (no battery)
Battery life
Up to 10 hours of normal use or 150 transactions
N/A
Charging method
USB-C
N/A
Standby time
Not specified
N/A

My Opinion: The Ledger Flex and Trezor Model T take fundamentally different approaches to power management. Ledger Flex’s rechargeable battery offers the advantage of portability and use without being connected to a power source. This can be particularly useful for users who travel frequently or prefer to keep their device unplugged for security reasons.

On the other hand, the Trezor Model T’s lack of a battery means you never have to worry about charging it or battery degradation over time. However, it does require a connection to a computer to function.

For users who value portability and the ability to use their wallet without being tethered to a power source, the Ledger Flex is the clear winner. Its battery life should be sufficient for most users’ needs between charges. However, if you primarily use your hardware wallet at home or don’t mind always connecting it to a device, the Trezor Model T’s approach eliminates battery-related concerns.


Price

Evaluating the value proposition of each wallet helps users determine which offers the best return on investment for their needs.

Feature
Ledger Flex
Trezor Model T
Price
$279
$149
Unique selling points
E Ink screen, portability, Clear Signing
More supported coins, open-source, privacy features
Target user
Modern, mobile-first users
Security-focused, privacy-conscious users

Our Opinion: For users who can justify the extra cost for enhanced usability and portability, the Ledger Flex offers good value. However, for those on a tighter budget or who prioritize open-source solutions and privacy features, the Trezor Model T presents a more economical choice without sacrificing security.


Pros and Cons

Ledger Flex

Pros:

  • E Ink touchscreen for clear visibility
  • Portable with rechargeable battery
  • Native mobile app support
  • Clear Signing feature for enhanced security
  • Sleek, modern design

Cons:

  • Higher price point
  • Newer product with less track record
  • Closed-source software
Trezor Model T

Pros:

  • Supports more cryptocurrencies
  • Open-source software
  • Advanced privacy features (coin control, Tor)
  • Shamir Backup for enhanced recovery options
  • MicroSD card slot for potential future features

Cons:

  • No battery (requires connection for use)
  • Smaller screen compared to Ledger Flex

Trezor Model T vs Ledger Flex: Which Should You Choose?

Look, choosing between the Ledger Flex and Trezor Model T isn’t rocket science. Think about what matters most to you. Always on the move? The Ledger Flex is your buddy with its battery and slick mobile app. But if you’re all about privacy and want tons of coin options, the Trezor Model T has got your back.

Here’s the deal: if you’re cool with spending a bit more for convenience and style, go for the Ledger Flex. It’s new, it’s cool, and it’s super easy to use. But if you want tried-and-true security with more coins to play with, and don’t mind a slightly clunkier experience, the Trezor Model T is your best bet.

Either way, you’re getting a top-notch wallet. Just pick the one that fits your style and go for it!


Bottom Line

After a comprehensive comparison, it’s clear that both the Ledger Flex and Trezor Model T are excellent hardware wallets with distinct strengths.

Both wallets have their strengths and weaknesses. The best choice depends on individual needs, preferences, and use cases. We recommend carefully considering the specific features that matter most to you when making your decision.


Read also ↓

Ledger Flex vs Trezor Safe 5

Trezor Safe 3 vs Ledger Flex

Ledger Flex vs Trezor Model One