Trezor scores 17 points above Ledger, led by rebuildable firmware, checkable keys, and maker independence. Trezor ranks #2 and Ledger #12 of 23 published hardware wallets. Every term of the gap is on the ledger below; the inputs are on the audit receipt.
Trezor80
vs
Ledger63
Scores are out of 100; published scores fall within 41–99 · ranks #2 and #12 of 23
Trezor scores 17 points above Ledger, led by rebuildable firmware, checkable keys, and maker independence.
Trezor #2 of 2380
Ledger #12 of 2363
Scores are out of 100; published scores fall within 41–99; a bar is empty at 41 and full at 99.
Why, term by termTrezor leads on 3 of 6 published criteria; Ledger on 1. The terms sum to the gap.
TermTrezorLedgerWeightPoints
Rebuildable firmware10/104/106.5+10.1for Trezor+5.2 of 32
Checkable keys7/100/102.9+5.2for Trezor+2.7 of 32
Maker independence10/106/102.6+2.7for Trezor+1.4 of 32
Fund-loss record7/108/102.6−0.7for Ledger−0.4 of 32
Net of the terms+17.4
Reproduced gap+17.4
Published gapAfter score rounding and bounds — see the note below8063+17.0
Weight is in points of the 86-point weighted total. Points are score points of the gap between the two.
TrezorScore 80Trezor Safe 3: certified chip you can look up — firmware rebuilt and matched by independent reviewers, at EUR 59 (US$59)Strength: Secure element you can look up — 10/10Watch-out: Graded on the Safe 3, which first shipped in November 2023, so its record counts three years, not the brand's twelveLedgerScore 63Certified chip you can look up, closed operating system — $69, USB-C onlyStrength: Secure element you can look up — 10/10Watch-out: Installing or updating a signing app needs Ledger's live HSM servers (developer sideloading of an app you compile yourself aside), so a new or reset Nano S Plus cannot be readied to sign the normal way without the maker
Quick facts
At a glance
3 of 5 rows read the same for both.
FactTrezorLedger
One-time priceSnapshotTrezor Safe 3: the Product JSON-LD on https://trezor.io/trezor-safe-3 reads "priceCurrency":"USD","price":59, read 1 October 2026 and again 28 October 2026; the Bitcoin-only edition is the same price. The same page shows a visitor in Germany "Buy for EUR 59" (read 28 October 2026).Ledger Nano S Plus: the Offer on https://shop.ledger.com/products/ledger-nano-s-plus reads "price":"69","priceCurrency":"USD", read 1 October 2026. The same page shows a visitor in Germany "€59" (read 28 October 2026).
Asset coverageEditorial——
Region fitSnapshotus, europe, globalus, europe, global
Custody modelEditorialSelf-custody: the keys stay on the deviceSelf-custody: the keys stay on the device
Security postureSnapshotSecure element, EAL6+ certified; fully open source; no air-gapped signing.Secure element, EAL6+ certified; partly open source; no air-gapped signing.
From the published criteria
Which should you pick?
Trezor
80#2 of 23
Leads
Pick it when
Pick Trezor if rebuildable firmware matters most — it scores 10/10 to Ledger's 4/10 there (weight 27).
Strength
Secure element you can look up — 10/10
Tradeoff
Graded on the Safe 3, which first shipped in November 2023, so its record counts three years, not the brand's twelve
Ledger
63#12 of 23
Pick it when
Pick Ledger if fund-loss record matters most — it scores 8/10 to Trezor's 7/10 there (weight 11).
Strength
Secure element you can look up — 10/10
Tradeoff
Installing or updating a signing app needs Ledger's live HSM servers (developer sideloading of an app you compile yourself aside), so a new or reset Nano S Plus cannot be readied to sign the normal way without the maker
Self-identify in 10 seconds
Which one is actually for you?
TrezorLeads
Choose Trezor if rebuildable firmware matters most
Rebuildable firmware: 10/10 against 4/10 for Ledger (weight 27)
Checkable keys: 7/10 against 0/10 for Ledger (weight 12)
Maker independence: 10/10 against 6/10 for Ledger (weight 11)
TrezorScore 80Trezor Safe 3: certified chip you can look up — firmware rebuilt and matched by independent reviewers, at EUR 59 (US$59)Strength: Secure element you can look up — 10/10Watch-out: Graded on the Safe 3, which first shipped in November 2023, so its record counts three years, not the brand's twelve
Ledger
Choose Ledger if fund-loss record matters most
Fund-loss record: 8/10 against 7/10 for Trezor (weight 11)
LedgerScore 63Certified chip you can look up, closed operating system — $69, USB-C onlyStrength: Secure element you can look up — 10/10Watch-out: Installing or updating a signing app needs Ledger's live HSM servers (developer sideloading of an app you compile yourself aside), so a new or reset Nano S Plus cannot be readied to sign the normal way without the maker
Criterion by criterion
Scorecard
Published criteria · weight in points of 8612 of 12 cells scored. Strength is read from the evidence file; the weight is the published one. Methodology
Secure element
weight 6.5 of 86Tie
Trezor10/10 out of 10
Ledger10/10 out of 10
Rebuildable firmware
by 6 of 10weight 6.5 of 86Trezor leads
Trezor10/10 out of 10
Ledger4/10 out of 10
Genuine check
weight 2.9 of 86Tie
Trezor7/10 out of 10
Ledger7/10 out of 10
Checkable keys
by 7 of 10weight 2.9 of 86Trezor leads
Trezor7/10 out of 10
Ledger0/10 out of 10
Maker independence
by 4 of 10weight 2.6 of 86Trezor leads
Trezor10/10 out of 10
Ledger6/10 out of 10
Fund-loss record
by 1 of 10weight 2.6 of 86Ledger leads
Trezor7/10 out of 10
Ledger8/10 out of 10
Score dimensions
weights sum to 86
The published score is five dimensions, each weighted for the category. "Published criteria" is the criteria block above; the other four are the engine's own terms — availability, friction, trust record, measured data. Each bar is one side's points out of that dimension's maximum; the weight beside the name is its points of the 86-point weighted total. The published criteria above can fill 24 of the block’s 30. A weight marked “constant here” belongs to a dimension every ranked product in the category holds at the same value: it still counts in the total, and it orders nothing here.
Availabilityweight 20 of 86 · constant here
Trezor14/20Ledger14/20
Tie
Published criteriaweight 30 of 86
Trezor21.5/30Ledger14.8/30
Trezor leads
Frictionweight 10 of 86 · constant here
Trezor2.7/10Ledger2.7/10
Tie
Trust recordweight 8 of 86 · constant here
Trezor3.2/8Ledger3.2/8
Tie
Measured dataweight 18 of 86 · constant here
Trezor5.5/18Ledger5.5/18
Tie
Decision rulePublished order
Choose Trezor unless the term Ledger leads on is the one you are buying.
Pick Ledger if fund-loss record matters most — it scores 8/10 to Trezor's 7/10 there (weight 11).
The published order weighs every criterion the same way for everyone. To weigh them your way, run .
From the published order
Next best action
If this isn't your case
Other matchups worth comparing
How you can lose money here, and what the ranking scores
Key failure: your own keys are made, shown or recovered unsafely.
Scored by Secure element you can look up · 27% (Trezor 10/10, Ledger 10/10)
Scored by Firmware anyone can rebuild and match · 27% (Trezor 10/10, Ledger 4/10)
Scored by Proof the device is genuine and unmodified · 12% (Trezor 7/10, Ledger 7/10)
Scored by Key creation and signing you can check · 12% (Trezor 7/10, Ledger 0/10)
Scored by Sign and recover without the maker · 11% (Trezor 10/10, Ledger 6/10)
Scored by Years in buyers' hands without a device-level fund loss · 11% (Trezor 7/10, Ledger 8/10)
Every failure family that applies to this category is scored, except Information failure, which the provider pages show as a fact.
Questions
Frequently asked questions
Trezor scores 17 points above Ledger, led by rebuildable firmware, checkable keys, and maker independence. Published scores, out of 100: Trezor 80 (rank 2 of 23 hardware wallets), Ledger 63 (rank 12 of 23).
Reviewed means both products compared here was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
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