A hardware wallet is a cold storage solution to keep your bitcoin and crypto private keys secure offline. There are a variety of hardware wallets available on the market, each with their own security model and range of features. The table below summarises the key differences between Ledger, Trezor, and the BitBox02, so you can choose the best hardware wallet for you.
| BitBox02 with BitBoxApp | Ledger Nano X with Ledger Live | Trezor Safe 5 with Trezor Suite | |
|---|---|---|---|
| Open-source |
BitBoxApp and firmware are fully open source
|
Crypto firmware runs directly on secure chip, which is protected with "non-disclosure agreements" and prohibits release of program code
|
Web wallet and firmware are fully open source
|
| Secure chip |
Dual chip design using a secure chip
|
Fully trusts secure chip only
|
Dual chip design using a secure chip
|
| Secure Multisig |
Register multisig account with device, automatically verify for secure send/receive
|
Register multisig account with device, automatically verify for secure send/receive
|
Cannot automatically verify that the co-signers are safe, must be manually checked for every receiving transaction
|
| Simple setup |
Fast and simple setup. Backup instantly on microSD card, no need to write seed words
|
No instant microSD card backup, must manually write down recovery words
|
No instant microSD card backup, must manually write down recovery words
|
| Easy backup & recovery |
Instant backup and recovery with microSD card, optionally write down recovery words
|
Manually write down recovery words on paper
|
Manually write down recovery words on paper
|
| BIP-85 support |
Create additional recovery words with BIP-85 child keys
|
No support
|
No support
|
| In-App guide |
Context-aware guide answering common questions
|
Non-dynamic guides
|
Non-dynamic guides
|
| Native desktop app |
BitBoxApp
|
Ledger Live
|
Trezor Suite
|
| Mobile app |
Fully featured Android
|
Android / iOS
|
Android
|
| Genuine check |
The BitBoxApp checks the BitBox02 device is authentic.
|
Ledger Live checks the Ledger device is authentic.
|
No genuine check.
|
| Coins & tokens support |
In app support for BTC, LTC, ETH and selected tokens. ADA with AdaLite and 1500+ ERC20 tokens supported with MyEtherWallet.
|
Variety of coins supported
|
Variety of coins supported
|
| Unified accounts |
Bitcoin accounts automatically include all supported script types
|
Separate accounts for Bitcoin script types needed
|
Separate accounts for Bitcoin script types needed
|
| Exchange integration |
Buy crypto directly in the BitBoxApp
|
Buy and sell crypto
|
Buy and sell crypto
|
| Insurance integration |
Optional bitcoin insurance directly integrated in the BitBoxApp
|
No integration
|
No integration
|
| Full node support |
Connect to your own Electrum full node for Bitcoin or Litecoin
|
||
| Encrypted communication |
End-to-end encryption of communication between app and device
|
Bluetooth encrypted, but not USB communication
|
No encrypted communication
|
| Coin control | |||
| Tor support |
|
|
|
| Anti-Klepto protection |
Anti-Klepto mitigates the nonce covert channel attack
|
no protection
|
no protection
|
| Made in | Switzerland | France | Czech Republic |
| User score |
Highest rated hardware wallet on Trustpilot
www.trustpilot.com/review/bitbox.swiss
|
User rating on active Trustpilot profile
www.trustpilot.com/review/www.ledger.com
|
User rating on active Trustpilot profile
www.trustpilot.com/review/trezor.io
|
The BitBox02 swiss made hardware wallet has powerful security while still being simple and easy to use for a first time hardware wallet user. It also has a range of advanced features for expert users, such as connecting your own node and coin control. Its unique dual chip architecture allows it to use a secure chip while still being open source.
We compared the new Trezor Safe 3 with the BitBox02 to help you find out which device is best suited for your needs. Even though we might have a natural bias, we encourage you to find out more about the differences and similaritires of these two devices.
A hardware wallet is a specialised device that protects your bitcoin and cryptocurrency keys. The hardware wallet can securely sign transactions without exposing the private keys to the host computer or mobile device, which may have malware on it. It also requires the user to physically interact with the device so it cannot automatically make transactions.
Hardware wallets are one of the most secure ways to store and interact with your bitcoin or crypto. They create a secure environment for your private keys to be stored on, which means they never leave the hardware wallet. This is important because private keys stored on your computer or mobile device are vulnerable to malware. Anyone that has access to your private key has access to your coins.
There are many hardware wallets available on the market. However, it is important to choose one that is made by a reputable company. These include hardware wallets such as BitBox02, Ledger and Trezor. Each of these wallets have different security models and you should select the one you are most comfortable with. Ledger uses a secure chip to protect against physical attacks whereas the Trezor does not, making the Trezor more vulnerable if an attacker has access to it. However, the Ledger is not fully open source, whereas the Trezor is. Open source allows anyone from the public to audit the code that is running on the device. The BitBox02 has a unique dual chip architecture, which means it can use a secure chip while still having open source code.
Learn more about the BitBox02 security features
Check out all of our comparisons between the BitBox02 and other hardware wallets.
