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  • Trezor One Review – Is it Still Worth Buying?

    Trezor One Review – Is it Still Worth Buying?

    Originally launched on July 29, 2014, the Trezor One was the world’s first cryptocurrency hardware wallet, setting a new benchmark for digital asset security. Over a decade later, it remains a relevant and widely used device in the crypto community. As of 2025, the Trezor One continues to retail for €69 (approximately US$75) on the official Trezor website, and it supports over 1,000 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), though it still lacks native support for coins like Ripple (XRP), Cardano (ADA), and Solana (SOL). In this Trezor One review, we will look at whether the Trezor One is still a good device one decade later.

    The device runs on firmware version 1.13.0, released in February 2025, which includes enhanced passphrase handling and improved phishing protection. According to SatoshiLabs, the manufacturer, the Trezor One remains secure for most users when used with best practices, such as enabling the passphrase feature and storing recovery seeds offline. However, the hardware vulnerability identified by Kraken Security Labs in 2020—requiring physical access and specialized equipment—still applies, as it would require a hardware redesign to fully mitigate.

    Despite newer models like the Trezor Safe 3 and Trezor Model T offering color touchscreens and expanded coin support, the Trezor One remains a cost-effective and reliable choice for users prioritizing simplicity and proven security.

    To buy one, click here.

    Security Features

    Security Features

    The Trezor One continues to offer a robust suite of security features designed to protect users’ digital assets. As of firmware version 1.13.0 (released February 2025), the device includes the following protections, according to SatoshiLabs:

    • Tamper-Evident Packaging: Devices are shipped in sealed boxes with holographic stickers. Users are strongly advised to purchase only from the official Trezor store and to avoid using any device with signs of tampering. If your box seems to have been tampered with, DO NOT use it and contact their customer support immediately.
    • PIN Protection: Access to the device is secured by a user-defined PIN. The PIN entry interface randomizes the number layout on the device screen to prevent keylogging.
    • Passphrase Support: Users can enable an optional passphrase feature, which acts as a 25th word to the recovery seed. This creates hidden wallets that are inaccessible without the correct passphrase, even if the recovery seed is compromised.
    • Recovery Seed: During setup, users are provided with a 24-word recovery seed. This seed is the only backup of the wallet and must be stored offline and securely. Trezor recommends using a metal backup solution for long-term durability.
    • U2F Authentication: Trezor One functions as a Universal 2nd Factor (U2F) hardware token, allowing secure authentication for supported web services.
    • Wipe Code: A “self-destruct” PIN can be configured. If entered, it will wipe all private data from the device and reset it to factory settings.
    • Passphrase Entry on Device: Since firmware 1.9.0, users can choose to enter their passphrase directly on the device, reducing exposure to malware on connected computers.
    • Kraken Security Labs Vulnerability: The physical attack disclosed by Kraken in 2020—requiring voltage glitching and physical access—remains theoretically possible. However, SatoshiLabs maintains that enabling the passphrase feature effectively mitigates this risk for most users. A full hardware redesign would be required to eliminate the vulnerability entirely.

    Trezor emphasizes that physical access attacks are only a concern for a small percentage of users and that best practices—such as using a passphrase and storing the recovery seed offline—are sufficient for most threat models.

    Can the Trezor One be hacked?

    The Trezor One remains a secure hardware wallet for most users, but it is not immune to all forms of attack. The most widely discussed vulnerability stems from a physical attack method known as voltage glitching, first demonstrated by Kraken Security Labs in 2020. This technique involves physically accessing the device, manipulating its microcontroller, and extracting the recovery seed using specialized equipment and custom scripts.

    As of June 2025, SatoshiLabs, the manufacturer of Trezor, confirms that this vulnerability still applies to the Trezor One. It cannot be fully mitigated through firmware updates alone, as it is rooted in the hardware design. A complete redesign of the device would be required to eliminate the risk entirely.

    However, Trezor emphasizes that:

    • The attack requires physical access to the device and cannot be executed remotely.
    • Enabling the passphrase feature—which stores an additional word not saved on the device—effectively protects against this type of attack, even if the recovery seed is extracted.
    • The threat model is relevant to a small subset of users (estimated at 6–9%) who face targeted physical attacks.

    Trezor Model One 1.9.0 firmware update- does it fix the Kraken Security Labs hack?

    The Trezor Model One firmware version 1.13.0, released in February 2025, introduced several improvements, including enhanced multisig handling, Ethereum token support, and reworked PIN processing2. However, according to SatoshiLabs, this update does not resolve the hardware vulnerability disclosed by Kraken Security Labs in 2020.

    That vulnerability involves a voltage glitching attack that can extract the recovery seed from the device’s microcontroller. Because the flaw is rooted in the STM32 hardware architecture, it cannot be patched via firmware. SatoshiLabs has consistently stated that a complete hardware redesign would be required to eliminate this risk.

    As of June 2025, the Trezor One still uses the same microcontroller and remains susceptible to this physical attack. However, SatoshiLabs emphasizes that:

    • The attack requires physical access and specialized equipment.
    • Enabling the passphrase feature—which stores no data on the device—effectively mitigates the risk, even if the recovery seed is extracted.
    • The vulnerability is relevant to a small subset of users (estimated 6–9%) who face targeted physical threats.

    For users with elevated security needs, SatoshiLabs recommends considering newer models like the Trezor Safe 3 or Safe 5, which include secure elements and hardware-level protections against such attacks.

    How can I keep my cryptocurrencies safe?

    Trezor continues to recommend the following best practices:

    • Always purchase devices from the official Trezor store to avoid supply chain tampering.
    • Enable the passphrase feature for added protection.
    • Store your recovery seed offline and never share it digitally.

    While newer models like the Trezor Safe 3 and Safe 5 have introduced hardware-level countermeasures, the Trezor One remains a viable option for users who follow proper security hygiene and do not face high-risk threat scenarios.

    Security 3/5

    Multicurrency Support

    The Trezor One supports over 1,000 cryptocurrencies, according to SatoshiLabs, the device’s official manufacturer. This includes major assets such as:

    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Litecoin (LTC)
    • Bitcoin Cash (BCH)
    • Dash
    • Zcash
    • Stellar (XLM)

    However, the Trezor One still does not offer native support for several widely used cryptocurrencies, including:

    • Ripple (XRP)
    • Cardano (ADA)
    • Solana (SOL)
    • Polkadot (DOT)
    • Algorand (ALGO)

    These limitations are due to the device’s hardware constraints and the absence of native integration in Trezor Suite. Users seeking support for these assets are advised to consider the Trezor Safe 3 or Trezor Model T, which offer broader compatibility.

    The Trezor One remains compatible with third-party wallets such as Exodus, Electrum, MetaMask, and MyEtherWallet, which can extend its utility for managing ERC-20 tokens and other supported assets. However, users should verify compatibility on the official Trezor coin support page before attempting to store or transact with any specific asset.

    Multi-currency support 3/5

    Hardware Design

    Here’s the updated “Hardware Design” section for the Trezor One, reflecting the most accurate and official information as of June 2025:

    Hardware Design (Updated June 2025)

    The Trezor One maintains its compact and minimalist design, measuring 60mm x 30mm x 6mm and weighing just 12 grams. It features a 128×64 pixel OLED monochrome display, which, despite its small size, is large enough to display full cryptocurrency addresses—an advantage over some competing devices.

    The device includes two physical buttons for navigation and confirmation, and connects to computers via a USB micro-B port. While the included cable remains relatively short, the device is compatible with standard USB extensions.

    The Trezor One uses the ARM Cortex-M3 processor embedded in the STM32F2 microcontroller, which is central to its functionality but also the source of a known hardware vulnerability disclosed by Kraken Security Labs in 2020. According to SatoshiLabs, this vulnerability cannot be patched via firmware and would require a hardware redesign to fully resolve.

    The Trezor One supports custom home screen images, allowing users to personalize their device with default graphics or uploaded images via Trezor Suite. This feature remains unique among hardware wallets.

    While newer models like the Trezor Safe 3 and Safe 5 offer secure elements and color touchscreens, the Trezor One remains a lightweight, durable, and cost-effective option for users who prioritize simplicity and proven reliability.

    Hardware design 4.5/5

    Ease of use 4/5

    Mobility

    The Trezor One supports connectivity with desktop computers (Windows 10+, macOS 10.15+, Linux) and Android mobile devices via USB micro-B. Users can manage their wallets through the official Trezor Suite desktop application or the Trezor Suite Lite mobile app for Andriod devices.

    iOS support remains unavailable, due to Apple’s restrictions on USB device communication and the lack of native support for WebUSB. SatoshiLabs has not announced plans for native iOS compatibility as of this update.

    The Trezor One also integrates with several third-party wallets, including:

    • MetaMask (via Trezor Bridge)
    • Exodus
    • Electrum
    • MyEtherWallet
    • Mycelium

    These integrations allow users to manage a broader range of assets and access decentralized applications (dApps), particularly on Ethereum and EVM-compatible networks.

    For exchange access, the Trezor One supports direct integration with platforms like Bitstamp and Bitex, enabling users to sign transactions securely without exposing private keys.

    Despite its lack of wireless connectivity or mobile-native features, the Trezor One remains a portable and lightweight option for secure crypto management on the go—provided users have access to a compatible Android device or laptop.

    Trezor One: Worth it in 2025?

    More than a decade after its debut, the Trezor One remains a viable and trusted hardware wallet for many cryptocurrency users. As of 2025, it continues to retail for €69 (approximately US$75) on the official Trezor website, making it one of the most affordable hardware wallets on the market.

    In this Trezor One review, we find tha despite its age, the Trezor One still supports over 1,000 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). However, it does not natively support several popular coins such as Ripple (XRP), Cardano (ADA), and Solana (SOL) due to hardware limitations.

    The device runs on firmware version 1.13.0, released in February 2025, which introduced improvements to PIN handling, multisig wallet support, and Ethereum token definitions. However, it does not resolve the physical vulnerability disclosed by Kraken Security Labs in 2020. This hardware-level flaw requires physical access and specialized equipment, and SatoshiLabs continues to recommend enabling the passphrase feature to mitigate the risk.

    While newer models like the Trezor Safe 3 and Safe 5 offer secure elements and broader coin support, the Trezor One remains a cost-effective and reliable option for users who prioritize simplicity, transparency, and open-source security. It’s especially suitable for those who don’t require support for newer altcoins or advanced features like a touchscreen.

    Verdict

    The Trezor One remains a dependable and cost-effective hardware wallet in 2025, especially for users who prioritize open-source transparency and proven security practices. According to SatoshiLabs, the device continues to support over 1,000 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), though it still lacks native support for popular assets like Ripple (XRP), Cardano (ADA), and Solana (SOL).

    While the latest firmware version 1.13.0 (released February 19, 2025) introduced improvements to PIN handling, multisig support, and Ethereum token definitions, it does not address the physical vulnerability disclosed by Kraken Security Labs in 2020. This hardware-level flaw remains unpatched due to the limitations of the STM32 microcontroller. However, enabling the passphrase feature continues to be an effective mitigation strategy for most users.

    The Trezor One’s compact design, compatibility with major desktop operating systems and Android devices, and integration with third-party wallets like MetaMask and Electrum make it a practical choice for everyday crypto management. That said, users seeking native support for newer coins, secure element protection, or a touchscreen interface may prefer newer models like the Trezor Safe 3 or Safe 5.

    Security Rating: 3/5
    Multi-currency Support: 3/5
    Hardware design: 4.5/5
    Ease of Use: 4/5

    Final score: 3.6/5

    Review updated on 19th June 2025 by Angela Wang

    Trezor One Product Specifications (Technical Specifications)

    Processors ARM Cortex-M3 processor @ 120 MHz embedded on STM32 F2 microcontroller
    Compatibility 64-bits desktop computer (Windows 7+, macOS 10.11+, Linux). Compatible with Android smartphones.
    Connector USB micro-B
    Security Certification Nil
    Size Size: 60mm x 30mm x 6mm
    Weight: 12g
    Supported Assets 1050+ Supported assets

    Cryptocurrency hardware wallet reviews

    Check out our other hardware wallet reviews:

    Ledger Stax Review: A premium hardware wallet with strong security, a curved E Ink touchscreen, and extensive cryptocurrency support, helping investors protect their digital assets.

    Ledger Flex Review: User Friendly Security – A deep dive into the Ledger Flex, highlighting its intuitive touchscreen and security features.

    Ledger Nano S Plus Review – Covers the affordability and enhanced capacity of the Nano S Plus, making it a great entry-level option.

    Trezor Model T Review: Is It Worth Buying? – Examines the security features and usability of the Trezor Model T, a popular alternative to Ledger wallets.

    Top 3 Cryptocurrency Hardware Wallets: Which One’s Best? – A comparison of the Ledger Nano X, Trezor Model T, and KeepKey, analyzing their security, design, and ease of use.

  • Ledger Nano X Review: Best Bitcoin Wallet?

    Ledger Nano X Review: Best Bitcoin Wallet?

    Ledger Nano X is the next generation of Hardware wallet with smartphone support, a larger screen and more storage space for Apps. Retailing for US$119, the Ledger Nano X is great for newcomers or experienced traders trading more than 3 types of cryptocurrencies at at time or large volumes on the go. If more apps and mobility isn’t a big concern, stick with the Ledger Nano S.

    In this review, we’ll be looking at the security, hardware design and cryptocurrency support of the Ledger Nano X to tell you if this device is worth purchasing or not. For Set-up and installation guides, check out our full Ledger Nano X guide.

    CLICK BELOW TO BUY!

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    Key Features of the Ledger Nano X:

    Ledger Nano X Video Review
    • Certified Security: Built with a CC EAL5+ certified Secure Element chip and CSPN certification from ANSSI, offering robust protection against physical and software attacks.
    • Flexible Connectivity Connects to mobile and desktop devices via Bluetooth 5.0 or USB-C.
    • Large App Storage: Supports up to 100 apps simultaneously for managing diverse crypto assets.
    • Built-in Rechargeable Battery: Includes a 100mAh battery, providing up to 10 hours of active use or 150 transactions per charge.
    • Ledger Live Compatibility Works seamlessly with Ledger Live app on desktop and mobile to: (1) Buy, sell, and swap crypto; (2) Stake supported assets (e.g., ETH, ATOM, ALGO); (3) Manage Ethereum and Polygon NFTs with full metadata; (4) Access DeFi via WalletConnect.
    • Extensive Asset Support: Manages 5,500+ cryptocurrencies and tokens, with third-party wallet integration for additional assets.
    • NFT Management: View, send, and receive NFTs directly within Ledger Live, with full metadata and image previews for Ethereum and Polygon-based NFTs.
    • Mobile-Friendly Design: Designed for on-the-go use with Android and iOS support via Ledger Live Mobile.
    • Firmware & Security Updates: Regular updates (latest: v1.6.0) bring enhanced security, Clear Signing, and Ledger Sync™.
    • Ledger Recover – A subscription-based (albeit controversial) seed phrase recovery service. Learn more here.

    Latest features: stake, swap, earn and lend cryptocurrencies

    Staking

    Ledger Live supports staking for over 15 assets—including ETH, SOL, DOT, ATOM, and ADA—via trusted providers like Lido and Kiln. Users can choose validators or stake in pools while earning up to 11.5% APY, all while keeping full control of their assets.

    Swapping

    Users can swap cryptocurrencies directly within Ledger Live using partners such as Changelly, 1inch, and Paraswap. This feature supports hundreds of token pairs across multiple chains without exposing private keys.

    Earning

    The Earn dashboard offers a streamlined view of staking positions, rewards, and APYs, as well as access to various staking, lending, and DeFi opportunities—all in one place.

    Lending

    Users can lend stablecoins like DAI, USDT, and USDC through Compound without leaving Ledger Live. In return, they receive cTokens, maintaining full custody of funds through their Nano X wallet.

    Security features

    One of the key reasons to buy Ledger hardware wallets is the firm’s reputation for security. Here are some of the Ledger Nano X’s security features:

    • Certified Secure Element (CC EAL5+): The Ledger Nano X uses the ST33J2M0 Secure Element chip, independently certified to Common Criteria EAL5+, the same standard used in passports and banking cards. This chip securely stores private keys and signs transactions in isolation from potentially compromised devices.
    • BOLOS Operating System: Ledger’s proprietary BOLOS OS runs on a separate microcontroller (STM32WB55), ensuring secure app sandboxing and safe communication between the Secure Element and external interfaces.
    • CSPN Certification by ANSSI: The Nano X holds CSPN certification from ANSSI, France’s national cybersecurity agency. This certification validates the device’s resistance to both physical and software-based attacks.
    • Bluetooth Security: Bluetooth 5.0 is used only to transmit public data. Private keys never leave the Secure Element. Even if Bluetooth is compromised, transactions must be physically verified on the device. Bluetooth can also be disabled entirely.
    • PIN & Passphrase Protection: Access to the device is gated by a user-defined PIN. For added security, users can create hidden wallets protected by a passphrase, allowing decoy access in coercive situations.
    • Ledger Recover (Optional): A subscription-based recovery service that encrypts and shards your 24-word recovery phrase across multiple custodians. It’s opt-in and designed for users who want a backup safety net—though it remains a debated feature in the crypto community.
    • Firmware Updates: Regular firmware updates (latest: v1.6.0) enhance security and add features like Clear Signing and Ledger Sync™, ensuring the device stays resilient against emerging threats.

    What are secure elements?

    Secure elements are separate pieces of hardware (second layer of security) with their own storage and limited functionality that cannot be breached by hackers. This means that even if the Ledger Nano X is connected to a compromise device – like a hacked laptop or phone, the private keys (=access to crypto funds) is never compromised. Devices like the Trezor One and Model T do not have secure elements and only have a single layer of security.

    Ledger Nano X Teardown
    Ledger Nano X Teardown showing CC EAL 5+ Secure Element Chip

    Is the bluetooth connection on the Ledger Nano X safe?

    The Nano X has the addition of Bluetooth support. Unfortunately Bluetooth’s security record is not spotless, and presents a new vector of attack for the device. Ledger CTO Nicolas Bacca has stated during an interview that Bluetooth on Ledger functions assuming the connection has been compromised – at no point will it be able to take over the device.

    Ledger Nano X Bluetooth Control Panel
    Bluetooth can be turned off on the Ledger Nano X

    Ledger hack

    In July 2020, Ledger suffered a data breach of its marketing database, exposing about 1 million email addresses and personal information for 9,500 customers. However, Ledger hardware wallets themselves were never hacked—no private keys or funds were compromised.

    The breach led to widespread phishing attacks, with scammers posing as Ledger to trick users into revealing their recovery phrases. For a full explainer on how the phishing attack works see the report from Kraken.

    Phishing email
    Phishing email sent from info@ledgersupport.io address

    Additional social engineering attacks followed in 2025:

    • In April 2025, fake Ledger-branded letters containing QR phishing codes were mailed to victims.
    • In May 2025, attackers hijacked Ledger’s Discord server using a compromised moderator account to post fake security alerts.

    Ledger continues to emphasize that it never asks for your 24-word recovery phrase, and the Nano X hardware wallet remains secure when used properly.

    We do note that this can be more accurately characterised as a “data breach” rather than a hack. More importantly, this breach had no link or impact on the Ledger hardware wallets or the Ledger Live app. Cryptocurrencies stored on the Ledger devices have never been at risk.

    5/5 Security Rating

    Multi Currency Support

    Coins Supported By Ledger Nano X
    Full list of supported coins on Ledger can be found here

    Ledger has one of the most diverse support for different cryptocurrencies such as NEO, Vechain and Monero. With their open policy to development from project teams, the Ledger nano X supports 1100+ different assets. Many of these assets like Vechain or NEO are not found on competitors like the Trezor Model T or KeepKey, making Ledger the only hardware wallet available for many coins. The rule of thumb here is that the Nano X will support the same assets as the Ledger Nano S.

    Installing Ledger Live

    Ledger has a native application called Ledger Live to allow you to access cryptocurrency accounts (including Bitcoin, Litecoin Ethereum and other cryptocurrencies). Ledger Live is available on multiple platforms including Windows, MacOS, Linux, Android and iOS. We found the Ledger Live app easy to use as it clearly displays cryptocurrency assets with historical charts. Sending cryptocurrencies is extremely easy with step-by-step operation which clearly displays the sender and receiver addresses. There are also advanced features to manually customise the transaction fee in sat/byte.

    How many coins can Ledger Nano X Hold?

    One of the weakness of the Nano S is the lack of space for installed applications. The Ledger Nano X fixes this problem by increasing the internal memory to 2 MB. In our tests we were able to install all 73 available apps on the device (Ledger claims up to 100+). It should be noted that app storage is a convenience feature – apps will still retain their accounts / cryptocurrency balances even if uninstalled.

    Does Ledger Nano X support Ethereum and ERC-20?

    In September 2019 Ledger added a native Ethereum Wallet to its latest Ledger Live v.1.14.0 which adds support for 22 coins and over 1,250 ERC-20 tokens. This allows for direct access to tokens and ethereum whilst on the go without the need for a 3rd-party interface like MyEtherWallet. This is a welcomed upgrade to Nano X users who previously had to use different interfaces depending on the cryptocurrency you wanted to interact with. It will also certainly be welcome to newcomers to cryptocurrency, who may be confused by the different interfaces.

    One of our complaints is that Ledger Nano X has to enter each app separately account – something that is not necessary on the Trezor Model T.

    Is Ledger ready for Ethereum 2.0?

    Ethereum 2.0 is coming soon with the first Phase 0 Beacon Chain to be launched in December 2020. Leading up to this, Ethereum stakers need to deposit at least 32 Ether onto the Beacon Chain using a deposit contract. Therefore Ledger has updated the Nano X’s new firmware version 1.2.4-5, in which the Ethereum application update to version 1.6.0 allows users to sign a deposit contract transaction directly on the Ledger Nano X. This feature is EXCLUSIVE to the Ledger Nano X.

    In the future, users would be able to use their Ledger Nano X to derive an Ethereum 2.0 public key and validate that the withdrawal public key used in the deposit contract does actually belong to the Ledger device. The Ledger team are also working on a second Ethereum application which would allow stakers to securely sign blocks on the Beacon Chain.

    5/5 Multi Currency Support

    Hardware Design

    Ledger nano X PIN entry interface
    Input is made with the two circular buttons

    The new Ledger Nano X has two hardware buttons – hidden in the circular design of the cover pivot. These two buttons allows us to access menus (hold both buttons), make selections (press both buttons), and even input recovery phrases (use buttons to scroll). We found that entering PINs and recovery phrases to be tedious with only 2 buttons – perhaps a touchscreen or additional buttons could of helped.

    Nano X has a larger screen with higher resolution. This means that full cryptocurrency addresses could be displaced without scrolling – something that was sorely lacking in the Nano S.

    The Nano X uses a modern USB-C interface for charging and connecting to the PC. This is a welcomed upgrade as the computing world migrates to USB-C.

    The Nano X also now comes in 3 colours: Onyx Black, Blazing Orange and Cosmic Purple.

    Ledger Nano S and X colours
    Ledger Nano S and X colours (Source: Ledger)

    4/5 for Hardware Design
    3.5/5 of Ease of Use

    Mobility

    Ledger nano X

    Ledger Nano X can be used with mobile devices, and transactions can be sent on the go using the Ledger Live app on mobile. We found this feature to be very situational. Whilst it is helpful to be sending crypto on the go with the security the Nano X provides, the convenience is lacking when compared to mobile wallets like the Enjin Wallet. A separation confirmation set is needed: unlock device via PIN, enter the cryptocurrency app, check and confirm the transaction. This feels tedious and not suitable for simple coffee purchases or small transactions. What does make sense is perhaps large purchases (a car or house?) or token sale investments. However, the question remains, how frequently do we need to send large amounts of crypto on the go?

    How do you Update the Ledger Nano X

    Ledger periodically releases updates for the Ledger Nano X to improve security, functionality and coin support. In fact, firmware updates are required in order to get support for the latest cryptocurrencies. In order to update the firmware, plug the Nano X into your computer and run the Ledger Live app. The app will automatically display your version number and show any available firmware updates. To initiate the update, click the update button and confirm the installation in the Nano X by pressing down both buttons when prompted to “allow ledger manager” to access the device.

    Ledger Nano X worth the upgrade?

    At $119, the Ledger Nano X is not a budget device – it commands a certain price premium making the upgrade decision harder for many users. For many, the deal breaker convenience features – the large screen that displays full cryptocurrency addresses and larger storage for more apps. If these features are important for you, then the Nano X is worth the upgrade. However, if you only need a few apps, the budget friendly Ledger Nano S is a better option at $59.

    Ledger Nano X compared with Trezor Model T

    The biggest difference between the Ledger Nano X and the Trezor Model T is the screen and supported coins. The Trezor Model T has nice touch screen which helps with entering PIN and the security phrases. However, the Trezor has fewer supported coins and usually projects tend to release Ledger support first. The following table is a comparison between various hardware wallets, including the release date, external security certification (if any), release date and our review rating.

    At the end of the day, choosing between the Ledger Nano X and other hardware wallets is mostly based on 1 question – are the cryptocurrencies you want supported on the device. Support for a large number of coins has always been Ledger’s strong suit, along for browser support in Decentralized exchanges (Binance DEX, IDEX and Switcheo)

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    Product Specifications (Technical Specifications)

    Ledger Nano X Product Specifications:

    Processors ST33J2M0 (secure) + STM32WB55
    Compatibility 64-bits desktop computer (Windows 8+, macOS 10.8+, Linux) excluding ARM Processors. Also compatible with smartphones (iOS 9+ or Android 7+).
    Connector USB Type-C , Bluetooth 5.0
    Battery 100mAh battery
    Size 72mm x 18.6mm x 11.75mm
    Supported Assets 1100+ Supported assets

    Frequently Asked Questions (FAQ)

    Can you keep your coins when upgrading from the Ledger Nano S to Ledger Nano X?
    Yes. When doing the upgrade, choose to “restore” option during setup and enter the 24 word recovery phrase from the Ledger Nano S backup

    Can the Bluetooth Feature be turned Off in Ledger Nano X?
    Yes, Bluetooth can be disabled in the Control panel. This will disable Bluetooth communications and only allow the Ledger the communicate via the USB cable. You can access the panel by holding down both buttons for 3 seconds.

    Can many apps can you install on the Ledger Nano X?
    We found that the Ledger Nano X can hold all 73 Apps currently available on the Ledger Manager. There is even more storage available for future applications.

    Why does the Ledger Nano X Bitcoin Address change?
    Ledger includes a feature to automatically generate a new Bitcoin address each time an old one is used. This increases the privacy of transactions, as different addresses are used for new transactions. Old addresses can still be used as the Ledger contains full access (include future access) to these funds.

    How do you generate a new public address for receiving funds
    New Public addresses are automatically generated when old ones are used (the address receives or sends a transaction).

    What is the latest Ledger Firmware
    Currently the latest firmware is 1.6.0

    Will the Coronavirus (COVID-19) pandemic affect Ledger?
    Ledger has issued a statement saying they have in place business continuity measures to ensure they continue to have inventory and products to ship to its customers. They are however experiencing some backlog in their customer service side but are working to ensure that customer’s concerns are answered. You can check the operational status of their systems here. Inevitably there may be issues with shipping products to customers, they are still able to ship to most countries though some customers may experience limited shipping options. Check here to see if shipping to your country may be affected.

    Further reading

    Ledger also posts up reviews from other YouTubers, which you can check out here.

    Just got a new Ledger Nano X? or always been curious about getting started with Bitcoin and other cryptocurrencies? Check out my course created in collaboration with Jeff Kirdeikis of Uptrennd- Bitcademy: Learn, Invest & Trade Bitcoin – In Under an Hour

  • Buying Cryptocurrency Using Ledger Live: A Step-by-Step Guide

    Buying Cryptocurrency Using Ledger Live: A Step-by-Step Guide

    Ledger, the makers of the Ledger Nano S and Ledger Nano X has announced that their application, Ledger Live now supports buying cryptocurrencies with credit card or bank transfer. This feature is operated with their partners, Coinify, MoonPay, BTC Direct and Wyre, and now users can directly go onto Ledger Live to buy their cryptocurrencies and have them sent to the safety of their Ledger device. No more having to go through extra steps such as buying cryptocurrencies on exchanges and then sending it to your hardware wallet for safekeeping! In this guide, we give you step-by-step instructions on how to buy cryptocurrencies using Ledger Live on your Nano S and Nano X.

    Available Cryptocurrencies

    Thanks to several crypto platform partners, Ledger Live now offers for purchase more than 40 different cryptocurrencies from the top 50 market cap projects.

    Although the available range of cryptocurrencies is quite wide, users who would like to buy other cryptos supported by their Nano S will have to buy them elsewhere, such as cryptocurrency exchanges.

    To see which cryptocurrency exchanges we think are the best, check out our article on the Top Best Cryptocurrency Exchanges of 2020.

    How to Buy Cryptocurrencies Using Ledger Live

    If you are a new Nano X or Nano S user, you would need to set up your device first and install the Ledger Live software. See here for our Ledger Nano S setup guide and Ledger Nano X setup guide.

    To get started with buying cryptocurrencies using your Nano S or Nano X, open up the Ledger Live application on your PC and go to “Buy crypto” on the sidebar. Choose which cryptocurrency you wish to buy. You can choose from 40+ different coins, including BTC (Bitcoin) and ETH (Ethereum). For the purpose of this guide, we will be demonstrating buying Bitcoin through one of Ledger Live’s partners, Coinify, but purchases using other partner platforms should work in the same way. Choose Bitcoin as the crypto asset we wish to buy. Then choose which account you want your cryptocurrency to be deposited to. Alternatively, you can add a new account for your cryptocurrency purchases- see our section titled “How to add new account for cryptocurrency purchases“.

    On Ledger Live, you would be asked to either sign up or log in to your Coinify account. For a tutorial on how to set up a Coinify account, see our section titled “How to register a Coinify account on Ledger Live“.

    You will then be asked to select the amount of cryptocurrency you wish to buy, the payment currency and payment method. Ledger allows you to pay in the following currencies: AUD, BGN, CAD, CHF, DKK, EUR, GBP, HKD, HRK, HUF, INR, JPY, NOK, NZD, PLN, SEK, TRY, USD and VND. You can pay for your cryptocurrency using credit card (Visa or Mastercard) or for European locations, bank transfer via. SEPA.

    Because cryptocurrency prices do fluctuate, Ledger will lock in your purchase price and give you 15 minutes to complete the purchase. Enter your credit card details, double check your purchase details and click “Pay”. Your purchased cryptocurrency will be automatically deposited into your designated account on your Ledger device.

    How to Register a Coinify Account on Ledger Live

    For those who don’t have a Coinify account or are buying cryptocurrencies for the first time on Ledger Live, you will need to go through Coinify’s Know Your Customer (KYC) process and set up an account. On Ledger Live, enter your email and choose a password, then click “Create account”. You will then be asked to answer a few KYC questions.

    Create a Coinify account
    Create a Coinify account

    Confirm your email (Coinify will send you a confirmation email) and location.

    Provide information on your residential address and how you plan to use your account.

    You will also be asked to verify your identity by providing a photograph of your ID Card/ passport and to scan your face similar to setting up FaceID on your iPhone.

    Afterwards Coinify will automatically process your registration which takes around 2 minutes. Then you are all set!

    How to Add a New Account for Cryptocurrency Purchases

    To add an account, click “+ Add account” as shown in the above image. Then choose which crypto asset account you wish to add. For the purpose of this guide, I will be showing you how to add a Bitcoin account, so I choose Bitcoin as the asset and clicked “Continue”. (Xanax) When asked, connect your Ledger device to your PC and unlock it. Then go to the corresponding app for the cryptocurrency you want to buy on the device, your device will say “Application is ready” whilst it synchronises with Ledger Live on your PC.

    Once synchronised, you will be given options on which new account you wish to add. Choose the account(s) to add then click “Add account”. Your new account will then be added and you can then choose to either add more accounts or close the window to finish.

    How to Purchase Cryptocurrencies on Ledger Live with Other Partners

    In addition to Coinify, Ledger Live now also supports buying crypto through partners like Wyre (available only in the US), MoonPay, and BTC Direct. All of these alternative purchasing platforms are KYC (Know Your Customer) compliant, which means for anyone wanting to purchase crypto through them, they will have to provide personal information such as email, full name, address, phone number, and personal ID (driver’s license or passport). However, once that is done and an account has been created for any of these platforms, the purchase and selling of cryptocurrencies within your Ledger Live app should be quick and seamless in very much the same way as the purchase of coins through Coinify.

    User Experience and Conclusion

    We’ve tried out a lot of cryptocurrency hardware wallets and Ledger’s devices are definitely our preferred choice. This preference is definitely solidified by the fact that we can now purchase cryptocurrencies on Ledger Live because it means we no longer have to buy cryptocurrencies on exchanges, especially when most exchanges require you to go through KYC procedures if purchasing crypto for the first time.

    So whilst you do also have to go through KYC procedures when buying with Ledger Live for the first time which is a bit trouble, the whole process only took around 5 minutes to complete. And at the end of the day it is worthwhile to buy cryptocurrencies using Ledger Live in the long run because your cryptocurrency is sent directly to your device which is a relatively safer storage device.

    Many may use multiple exchanges and even skip from one exchange to another but at the end of the day your hardware wallet is where most of your cryptocurrency should be stored anyway. Therefore we highly recommend trying this feature out and whilst there are only 4 cryptocurrencies available to purchase, it is generally sufficient as a start to trading on exchanges and we hope and expect that Ledger may add more coins in the future.

    Note: Until 8th Aug 2022, Ledger is offering 10% off the Ledger Nano X and Ledger Nano S Plus when entering the code MOVESOL2LEDGER at checkout.

    Click below to BUY NOW!

  • Enjin Wallet Review and Tutorial (2022)

    Enjin Wallet Review and Tutorial (2022)

    Enjin Wallet Review

    Enjin wallet is a secure and easy to use mobile cryptocurrency wallet (iOS/Android). It’s extremely simple to use and contains advanced features such as Dapp Browser, QR code airdrops, Cryptocurrency Exchanges and Enjin’s own NFT marketplace integration. It’s the most secure mobile wallet we’ve tested with a two-layer security encryption and secure keyboard. Enjin wallet supports a wide range of cryptocurrencies such as Bitcoin, Ethereum (all ERC-20 and ERC-1155 Tokens), Binance Chain, Litecoin, Polkadot and Kusama. Enjin wallet is created as a companion to the Enjin Platform.

    Best Software Wallet Award

    Enjin Wallet is our Gold Award winner in the Free / Software wallet category. We were impressed by the wallet’s security features such as custom memory sweeps and double encryption. Enjin wallet is our top recommendation for any beginner who wants to keep their cryptocurrencies safe.

    Is Enjin Wallet Safe to Use?

    Security is the biggest concern for wallets as hackers are known to attack various wallets and attempt to steal funds. Enjin wallet offers the best in class security for mobile wallets.

    • Two-layer encryption: Hardware AES and software encryption is employed on the lower and application layer respectively
    • Secure keyboard: The protected keyboard bars keyloggers and/or data sniffers from tapping into your mobile device to steal data. It can also be randomized to increase security.
    • Screenshot blocking and Random Access Memory (RAM) encryption: The wallet’s operating system level restricts screenshots and video recording. On the memory level, transactions are conducted on a secure RAM.
    • Custom libraries: Enjin Wallet features custom libraries that remove the private keys from the device memory after use – significantly reducing the attack service.
    • Protection processor flaws: special code is put in place to deal with flaws in ARM processors.
    • Security Audited: ORU security team found no issues that could be used to compromise the wallet or the cryptographic keys stored in the system (full security report here)
    • Samsung Blockchain Keystore support: Enjin supports the Samsung Blockchain Keystore for private key protection under Samsung’s military grade security Knox.

    Mobile wallets are classified as a “Hot Wallet” – meaning this wallet is connected to the internet. The Enjin team has devised special counter-measures to deal with hackers attempting to steal cryptocurrencies. All private keys are double encrypted, so even if hackers stole the file it cannot be decrypted. On top of this, the special designed Enjin keyboard deals with keyloggers – making sure that the on-device decryption process is safe. Lastly Enjin used custom libraries to wipe the private key from device memory once the transaction is sent – unlike other mobile wallets.

    We added many security features that regular wallets don’t have. Enjin Wallet cannot be Keylogged and not affected by CPU flaws like Meltdown and Specture.

    Witek Radomski CTO of Enjin

    Hot wallets are generally considered less safe due to possible device based vulnerabilities (CPU or Memory flaws) which could compromise the security of the mobile phone. That being said, Enjin wallet’s can be considered to be the best out of all mobile wallets. For large amounts of cryptocurrency storage, we recommend the use of cold wallets like the Ledger Nano X.

    We found the security of Enjin Wallet to be the best among mobile wallets, with external security audits confirming our viewpoint. We give it the highest security rating of 4/5 – the highest possible rating for “hot wallets“.

    Security: 4/5

    What Cryptocurrencies does Enjin Wallet Support?

    The Enjin wallet supports the storage of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB), Binance Chain tokens (BEP2), Polkadot (DOT), Kusama (KSM) and Ethereum-based tokens. For Ethereum-based tokens, Enjin supports those created using the ERC20 and ERC1155 standards. Select ERC-721 collectible tokens are also supported, namely for God’s Unchained, CryptoKitties, Blockchain Cuties and Axe Infinity.

    Did you know that Enjin introduced the ERC1155 token standard? Learn more with our ERC1155 token explainer.

    The ERC1155 tokens fit into the Enjin ecosystem as these tokens can represent in-game assets. This fits perfectly into Enjin’s game development ecosystem for blockchain-based games.

    The wallet allows users to sort, view, and show virtual currency balances in your local currency. Enjin’s partners Bancor, Kyber, and Changelly allow you to easily swap tokens.

    Multi-currency Support: 4/5

    Enjin Wallet Exchange Interface
    Enjin Wallet Cryptocurrecy Exchange Interface

    Design and interface

    The Enjin wallet sports a clean and intuitive design. The wallet also allows you to easily switch from viewing your balances in cryptocurrency or the equivalent in your local fiat currency. This is extremely helpful in allowing you to know how much your portfolio is worth with a simple glance.

    What is also helpful is the ability to easily create additional wallets. So say if you send or receive cryptocurrencies for different purposes, you can create a wallet for each of them (kind of like having partitions in your actual physical wallet) which makes managing your finances very convenient and easy to trace.

    One slight gripe I have about the Enjin wallet is that when you look at the individual cryptocurrency balances in your wallet, there is a discrepancy in the balance shown at the top and the bottom (which is the correct balance). Though this does not affect your usage of the wallet, you just need to know and accept that the bug is there.

    Incorrect balance shown
    The balances shown are inconsistent, the one circled in red is actually correct

    Despite this, Enjin wallet makes up for it with the fact that features the cleanest interface out there and additional functions not seen in any other software wallet. Because as we will see below, the Enjin wallet is more than a really good software wallet. The wallet is only one small part of Enjin’s whole gaming ecosystem. Rather, the wallet opens up additional features such as a QR code scanner, wallet for in-game collectible items and marketplace for you to trade these collectibles.

    Software design: 5/5
    Ease of use: 5/5

    Final thoughts- my experiences with Enjin wallet

    I personally store small amounts of crypto on the Enjin Wallet so I can trade, or pay or receive crypto on the go. It has an easy to understand interface with a wide range of supported coins. So I have no hesitation to use it as my primary wallet. I had friends who were new to cryptocurrency and were completely overwhelmed when hearing other people talk about hardware wallets, exchanges and crazy hacks. I showed them my Enjin Wallet and it only took them less than 30 minutes to install and master. My guess is that without Enjin wallet’s simple and easy to understand design, they would have not bothered with cryptocurrencies at all. 6 months on, they are now trading cryptocurrencies regularly.

    Enjin Wallet Ecosystem

    Collectable Token Support

    Enjin has created its own ERC-1155 digital token standard which can be used to create both fungible (currencies) and non-fungible (NFT) (digital cards, pets and in-game skins) assets on the Ethereum Network.

    With the Enjin wallet, you can receive, send or melt these NFTs. The NFTs can be collectable items or in-game assets.

    You can use the wallet to trade NFTs with your friends and there are Telegram forums dedicated to buying and trading collectibles!

    Boxmining NFT collectable items
    Boxmining NFT collectable items

    To learn more about all the games and the Enjin Multiverse, check out their website. Though a fantastic feature, the Enjin Mintshop, where you could mint your own NFTs was unfortunately deprecated upon launching the public mainnet of the Enjin Platform in 2020.

    Boxmining collectable items are frequently given out as a way to say “Thank you!!” to our fans. Subscribe to Boxmining’s YouTube channel and click the notification bell so you don’t miss out!

    Scan for QR Airdrops (Enjin Beam)

    Enjin Beam QR giveaway
    Enjin Beam QR giveaway

    These giveaways could be found on various websites, games, and promotions on the Boxmining Channel. The Enjin Beams can take two forms: Airbeam, which sends all users the same collectible, or Lootbeam, which includes a variety of assets of varying rarities, so each user is likely to get different combinations of these loot assets. Read more about Enjin Beam here.

    Enjin Wallet Marketplace

    Digital Collectible items (ERC-1155 tokens) can be directly sold on the Enjin marketplace using the built in features of the Enjin Wallet. This first of a kind feature allows gamers to trade items safely without any risk by using ethereum smart contracts. Items can be listed on the marketplace by using the “sell” feature in the Collectibles tab. The procedure is a 1 step process where seller directly inputs a selling price and confirms by executing the contract on Ethereum (paying gas in the process). The item will be directly listed on the Enjin Marketplace for public purchase.

    Exchange Function

    Enjin’s partners Changelly, Bancor, and Kyber allow users to easily swap between different cryptocurrencies. All you need to do is type in the amount and type of cryptocurrency you want to convert and the cryptocurrency you want to convert it to. The amount you will receive and the details of the transaction will be automatically calculated and displayed you. If more than 1 exchange offers the type of conversion you want, the information will be displayed for you to compare and choose the one that’s best for you. Then all you need to do is press “convert” and it’s done!

    Marketplace

    The Enjin wallet also allows you to directly access their Marketplace, where you can browse and buy various NFTs. Payment can be made directly from your Enjin wallet.

    Dapp Browser

    Enjin Dapp Browser Support
    Enjin Dapp Browser Support

    Enjin wallet includes one of the best Decentralized App Browser we’ve ever seen. The clean user interface displaces the various Exchanges, Financial, Games and Social Media Services.

    Remember to check out our Enjin Guide to learn more about Enjin’s ecosystem and what’s next for Enjin.

    Enjin Wallet Tutorial: How to Set Up Enjin Wallet

    Downloading and setting up your Enjin wallet is super easy and most importantly, its FREE.

    First you will need to download the Enjin wallet app from the Apple App Store or Google Play Store.

    Open up the app, select “crypto wallet” and then “create wallet“.

    Select the password you want for your wallet. When setting up your passwords and later backing up your wallet, make sure you are in a secure environment where you are not being recorded. Thieves will be able to access your wallet if they obtain this information.

    Then, select which cryptocurrencies you would want to hold in your wallet. You can always add or remove more types of cryptocurrencies later. Then press “create wallet“.

    The app will then ask if you want to backup your wallet. This is so that you can reinstate your wallet at a later date, for example when you change your phone and need to reinstall everything. So it’s highly recommended to do this step, even though it may seem tedious.

    The backup is a 12 word recovery phrase that you will need to correctly re-enter to reinstate your wallet. So keep these 12 words recorded and stored in a safe place. See here for some ideas and tips on how to keep your recovery phrase safe.

    You will then be asked to verify your passphrase by entering 2 of your 12 word recovery phrase at random. You will then be taken to the select coins menu where you have another chance to select the coins you want to hold in your wallet. Again, you can choose to add other coins later. If you are happy with the list of coins selected, click “create wallet“. The setup is then completed and you will then be taken to the main page of your wallet.

    How to Send and Receive Cryptocurrency Using Enjin Wallet

    Sending Cryptocurrency

    On the main page of your wallet, select the cryptocurrency you wish to send.

    For this demo I will be sending Bitcoin, so I selected “BTC”.

    Then on the following page (second picture below), select “send“. On this page you can also see your transaction history for this cryptocurrency. Note: the balance shown on the top left hand side of the second picture below is sometimes inaccurate. This is a bug in the app which hasn’t been fixed yet. However this is only a display issue and does not affect your actual wallet balance which is displayed in the larger font.

    On the send page (third picture below), I usually select “Advanced mode” which allows you to type in the number of satoshis per byte you wish to send your cryptocurrency with. The more satoshis per byte, the faster the send and of course the higher the transaction fee.

    On the send page you have 3 options for inputting the receiver’s address, either: (a) type in the address; (b) paste the address; or (c) scan the recipient’s QR code address.

    For the demo I will scan the recipient’s QR code address, so I selected the QR code icon on the top right hand corner, which opens up my phone’s camera, as shown in the second picture below. There I can either choose a QR code from my photo gallery, or in this case, I scanned the QR code of the recipient.

    Once you’ve scanned the recipient’s QR code you will be brought back to the send page (first picture below) with the recipient’s address filled in. In the second entry you can enter in the amount you wish to send or simply click “ALL” to send the entire balance in your wallet. And in the third entry the number of Satoshis per byte, which as mentioned will determine how fast your transaction will be sent.

    To see how many satoshis per byte I would want to send my cryptocurrency with I go on the website whatthefee. This website gives an estimate of how fast my transaction will go through at any given time (second picture below). On the table, the figures in black represent the percentage likelihood a transaction will take a given length of time. The figures in the middle represent the number of satoshis per byte. So for example, the green shaded entry on the top right hand corner means that with 20.1 satoshis per byte, there would be a 95% chance your transaction will go through in 0.5 hours. The higher the satoshis per byte, the faster my transaction and consequently the higher the transaction fee.

    Once you’ve entered in the recipient’s address, send amount and satoshis per byte, click “next step“. This will bring you to the confirm transaction page (third picture above). Here you can double check that the details are correct, if it is, click “send now“. Now you are all done!

    Receiving Cryptocurrency

    On the main page of your wallet, select the cryptocurrency you wish to receive. If the cryptocurrency you want to receive is not shown, click the “+” button on the top right hand corner, select the coin you want to receive and then click “update coin list”.

    For this demo I will be receiving Bitcoin, so I selected “BTC”. Then on the following page, select “receive“. Your Bitcoin address will then be displayed in the form of a string of letters and numbers, or a QR code representing your address. You can then either (a) copy the address and give it to whoever will be sending your cryptocurrencies; or (b) have them scan your QR code address.

    Note: the balance shown on the top left of the second picture below is sometimes inaccurate. This is a bug in the app which hasn’t been fixed yet. However this is only a display issue and does not affect your actual wallet balance which is displayed in the larger font.

    When the cryptocurrency is successfully sent to your wallet, the balance on your main page will be updated. Tip: You can select the small circular arrows next to “value” to display the balance in your local currency or the cryptocurrency itself.

    Congratulations! You are all set!

    Successfully set up your Enjin wallet? Learned how to send and receive crypto? Now it’s time to get started with trading Bitcoin and other cryptocurrencies! Check out my course created in collaboration with Jeff Kirdeikis of Uptrennd- Bitcademy: Learn, Invest & Trade Bitcoin – In Under an Hour

    Enjin Wallet 2.0

    Enjin is also currently enrolling users in testing its Enjin Wallet 2.0 Beta, although it’s only available for Android users. This new wallet will be a completely re-written Enjin Wallet from the ground up, including all of the code to ensure better performance, stability and reliability, as well as a completely new UX and design.

    If you want to participate in testing the Enjin Wallet 2.0 Beta, you can sign up here!

    FAQs

    How to download the Enjin Wallet?

    The wallet is available for use on mobile devices powered by iOS or Android operating systems. Download the Enjin wallet on the Apple App Store or Google Play Store.

    Can I import cryptocurrencies from other wallets to the Enjin wallet?

    The Enjin wallet allows coins to be imported from other cryptocurrency wallets. Examples of cryptocurrency wallets are: Bread, Eidoo, Exodus, Coinomi, MetaMask, Trezor Model T, Ledger Nano S, Ledger Nano X and Jaxx.

    The wallet uses an extremely interactive and secure user interface. This eliminates the confusion of copying and pasting addresses.

    How does Enjin bring NFTs to Video Games?

    One of the key features unique to the Enjin Wallet is the ability to bind the wallet to various video games. So together with the ability to send and receive, scan QR codes and their Marketplace, players can obtain NFT tokens representing various in-game items and import them into different video games. This allows players to truly own digital assets – the items are not stored centrally on databases but on the Ethereum blockchain instead. (https://www.hanakaimaui.com/)

    Link Enjin Wallet Interface
    Link Enjin Wallet Interface in Forgotten Artifacts