Electrum vs Ledger Nano S Wallet Comparison
| Company |
|
|
| User rating |
User rating
3.7 / 5
12 user reviews
|
User rating
4 / 5
4 user reviews
|
| Cryptogeek rating |
Cryptogeek rating
3.8 / 5
|
Cryptogeek rating
4.2 / 5
|
| Trust Score
How it works
|
Trust Score
4.03 / 5
|
Trust Score
4.57 / 5
|
About
|
Electrum wallet is a software interface for operations with Bitcoin cryptocurrency. There are client versions for bitcoin forks: Litcoin, Bitcoin Cash, Dash, and Vertcoin. The main feature of the wallet is speed, low resource use, and simplicity. It starts instantly, as it works in conjunction with high-performance servers that handle the most complex tasks of the Bitcoin system. The blockchain is stored and updated on the company’s server, and the client interacts with it through special software for stationary and mobile devices.
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Ledger Nano S Wallet is a hardware wallet, a flagship product of the Ledger company, that has been in the industry since 2014. More than 1.5 mln units were sold across the world.
|
Founding Date
Country
Languages
|
English
|
English, Japanese, French, Spanish, Korean, Chinese, Romanian
|
Wallet type
|
Software wallet
|
Hardware wallet
|
Storage type
Private keys
Available coins
|
1
- Bitcoin (BTC)
|
66
- Bitcoin (BTC), IOTA (MIOTA), Tezos (XTZ), Ethereum Classic (ETC), NEO (NEO), VeChain (VET), Qtum (QTUM), Lisk (LSK), ICON (ICX), Ontology (ONT), Bitcoin Gold (BTG), Zcash (ZEC), Nano (NANO), Wanchain (WAN), Dogecoin (DOGE), Bitcoin Private (BTCP), Waves (WAVES), Zilliqa (ZIL), Decred (DCR), Aeternity (AE), Komodo (KMD), Aion (AION), DigiByte (DGB), Ark (ARK), PIVX (PIVX), Factom (FCT), Elastos (ELA), Zcoin (XZC), Particl (PART), Kin (KIN), Horizen (ZEN), POA Network (POA), GameCredits (GAME), Vertcoin (VTC), Ubiq (UBQ), High Performance Blockchain (HPB), Quantum Resistant Ledger (QRL), Groestlcoin (GRS), Peercoin (PPC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tron (TRX), Polkadot (DOT), BitTorrent (BTT), Terra (LUNA), Crypto.com Coin (CRO), Binance USD (BUSD), Kusama (KSM), Algorand (ALGO), NEAR Protocol (NEAR), Celo (CELO), Energy Web Token (EWT), Hedera Hashgraph (HBAR), Solana (SOL), TomoChain (TOMO)
|
Security
Anonymity
Ease of use
Has attached card
Has trading facilities
Has vouchers and offers
Features
| About |
Electrum wallet is a software interface for operations with Bitcoin cryptocurrency. There are client versions for bitcoin forks: Litcoin, Bitcoin Cash, Dash, and Vertcoin. The main feature of the wallet is speed, low resource use, and simplicity. It starts instantly, as it works in conjunction with high-performance servers that handle the most complex tasks of the Bitcoin system. The blockchain is stored and updated on the company’s server, and the client interacts with it through special software for stationary and mobile devices.
|
Ledger Nano S Wallet is a hardware wallet, a flagship product of the Ledger company, that has been in the industry since 2014. More than 1.5 mln units were sold across the world.
|
| Founding Date |
Founding Date
2011
|
Founding Date
2019
|
| Country |
Country
International
|
Country
France
|
| Languages |
Languages
English
|
Languages
English, Japanese, French, Spanish, Korean, Chinese, Romanian
|
| Wallet type |
Wallet type
Software wallet
|
Wallet type
Hardware wallet
|
| Storage type |
Storage type
Cold wallet
|
Storage type
Cold wallet
|
| Private keys |
Private keys
Available
|
Private keys
Available
|
| Available coins |
Available coins
1
- Bitcoin (BTC)
|
Available coins
66
- Bitcoin (BTC), IOTA (MIOTA), Tezos (XTZ), Ethereum Classic (ETC), NEO (NEO), VeChain (VET), Qtum (QTUM), Lisk (LSK), ICON (ICX), Ontology (ONT), Bitcoin Gold (BTG), Zcash (ZEC), Nano (NANO), Wanchain (WAN), Dogecoin (DOGE), Bitcoin Private (BTCP), Waves (WAVES), Zilliqa (ZIL), Decred (DCR), Aeternity (AE), Komodo (KMD), Aion (AION), DigiByte (DGB), Ark (ARK), PIVX (PIVX), Factom (FCT), Elastos (ELA), Zcoin (XZC), Particl (PART), Kin (KIN), Horizen (ZEN), POA Network (POA), GameCredits (GAME), Vertcoin (VTC), Ubiq (UBQ), High Performance Blockchain (HPB), Quantum Resistant Ledger (QRL), Groestlcoin (GRS), Peercoin (PPC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tron (TRX), Polkadot (DOT), BitTorrent (BTT), Terra (LUNA), Crypto.com Coin (CRO), Binance USD (BUSD), Kusama (KSM), Algorand (ALGO), NEAR Protocol (NEAR), Celo (CELO), Energy Web Token (EWT), Hedera Hashgraph (HBAR), Solana (SOL), TomoChain (TOMO)
|
| Security |
Security
No data
|
Security
No data
|
| Anonymity |
Anonymity
No data
|
Anonymity
No data
|
| Ease of use |
Ease of use
No data
|
Ease of use
No data
|
| Has attached card |
Has attached card
No data
|
Has attached card
No data
|
| Has trading facilities |
Has trading facilities
No data
|
Has trading facilities
No data
|
| Has vouchers and offers |
Has vouchers and offers
No data
|
Has vouchers and offers
No data
|
| Features |
Features
No data
|
Features
No data
|
Social
Website
Twitter
Advantages
|
- Fast start. It’s very quick to start working with the wallet; synchronization with the blockchain is not required.
- Decentralization. The wallet is fully decentralized.
- Security. Electrum cares about the security of its users and provides an additional means of protecting your account from hacking.
- Control over private keys. Their import or export.
- Cold storage. Electrum stores all your funds in cold storage, so no one from the network can steal your money.
- Wallet recovery using seed-phrase from which private keys are generated.
- Transparency, which is provided by the publication of open-source code.
- Manually set commission size.
- Bulk translations.
- Multilingualism. There are translations in different languages in the wallet.
|
- Security and safety
- The possibility to verify and sign payments
- Variety of assets
|
Disadvantages
|
- Only 5 cryptocurrencies supported
- No obvious customer support
|
- Ledger is a paid product
- Can be difficult for beginners
|
Rating
| User rating |
User rating
3.7 / 5
12 user reviews
|
User rating
4 / 5
4 user reviews
|
| Cryptogeek rating |
Cryptogeek rating
3.8 / 5
|
Cryptogeek rating
4.2 / 5
|
| Advantages |
Advantages
- Fast start. It’s very quick to start working with the wallet; synchronization with the blockchain is not required.
- Decentralization. The wallet is fully decentralized.
- Security. Electrum cares about the security of its users and provides an additional means of protecting your account from hacking.
- Control over private keys. Their import or export.
- Cold storage. Electrum stores all your funds in cold storage, so no one from the network can steal your money.
- Wallet recovery using seed-phrase from which private keys are generated.
- Transparency, which is provided by the publication of open-source code.
- Manually set commission size.
- Bulk translations.
- Multilingualism. There are translations in different languages in the wallet.
|
Advantages
- Security and safety
- The possibility to verify and sign payments
- Variety of assets
|
| Disadvantages |
Disadvantages
- Only 5 cryptocurrencies supported
- No obvious customer support
|
Disadvantages
- Ledger is a paid product
- Can be difficult for beginners
|
Electrum user rating is 3.7, based on 12 user reviews. Ledger Nano S Wallet user rating is 4, based on 4 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each wallet.
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Electrum vs Ledger Nano S Wallet - Which Wallet Is Better in 2024?
This Electrum vs Ledger Nano S Wallet comparison is based on the most recent data on both companies. We do our best to provide you with unbiased information about cryptocurrency companies.
Based on user reviews only, Electrum is rated 3.7 with 12 user reviews, while Ledger Nano S Wallet is rated 4 with 4 user reviews.
Let's finally move to overall Trust Score:
