Dhiraj Nallapaneni is a Crypto Tax Writer at CoinLedger. As an Economics degree holder from the University of California Santa Barbara, he’s well versed in topics like cryptocurrency markets and taxation.
Reviewed by:
David Kemmerer
Reviewed by:
David Kemmerer
Co-Founder & CEO
David Kemmerer is the Co-Founder and CEO of CoinLedger. David has been deeply involved with the cryptocurrency industry since 2017.
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Our content is designed to educate the 500,000+ crypto investors who use the CoinLedger platform. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn More
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Key Takeaways
Ledger is the best hardware wallet overall for investors.
Ledger is the best choice for investors looking for security, ease of use, and additional features like staking and NFT management.
Trezor is the best choice for investors who value open source values and cheap prices.
Frequently asked questions
Should I use Trezor or Ledger?
Trezor and Ledger are both quality wallets for investors. Trezor may be a better choice for investors who value lower prices and transparency, while Ledger may be a better choice for investors who value user-friendliness and features like staking.
Is Trezor more secure than Ledger?
In the past, cybersecurity firms with physical access to a Trezor wallet have infiltrated the wallet. However, Ledger wallets have not been successfully hacked.
Can Ledger or Trezor be hacked?
While hardware wallets like Ledger and Trezor are the most secure option for storing your cryptocurrency, they can potentially be hacked by an attacker with physical access and strong technical knowledge. It’s unlikely that hardware wallets will be subject to a remote hack.
What are the disadvantages of Trezor?
Some users have criticized Trezor for being slow to add new cryptocurrencies and requiring third-party integrations for staking and NFT management.
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Written by:
Dhiraj Nallapaneni
Crypto Tax Writer
Dhiraj Nallapaneni is a Crypto Tax Writer at CoinLedger. As an Economics degree holder from the University of California Santa Barbara, he’s well versed in topics like cryptocurrency markets and taxation.
This guide breaks down everything you need to know about cryptocurrency taxes, from the high level tax implications to the actual crypto tax forms you need to fill out.