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Electrum vs Ledger - Crypto Wallet Comparison Overview

After performing an in-depth analysis of Electrum vs Ledger crypto wallets & their features, we have grouped the represented data into 9 different sections to help you process the information easier & quicker. If you want to get a brief understanding of Electrum vs Ledger comparison results, take a glance at the short table below.

By comparing Electrum vs Ledger overall scores, we clearly see that Electrum has the higher overall score of 8.3. Ledger, on the other hand, has scored 7.7 final points.

To help you quickly decide which crypto wallet is the best, we have also compared Electrum vs Ledger with the top-rated & most popular crypto wallet brand - Ledger Nano X. According to our analysis, Ledger Nano X has the highest overall score out of all crypto wallet brands & is considered to be one of the most trusted wallets out there with the overall score of 9.8. For a more detailed Electrum vs Ledger analysis, take a look at the in-depth comparison chart below.

Compare Other Crypto Wallets

Main score based on expert evaluations & real user reviews.

Whether the crypto wallet is hardware, software, desktop or paper type.

For which purpose or for what kind of people is the cryptocurrency wallet best for.

Final crypto wallet evaluation conclusion based on research, expert opinions & user feedback.

Ledger Nano X
LEDGER NANO X
Electrum
ELECTRUM
Ledger
LEDGER

Overall Score

9.8
8.3
7.7

Wallet Type

Hardware Software Hardware

Best For

Best for Safely Storing, Sending, and Receiving Different Cryptocurrencies Best for Day to-Day Spending of Cryptocurrencies Best for Safely Storing, Sending, and Receiving Different Cryptocurrencies

Verdict

One of the best hardware cryptocurrency wallets ever made. One of the most trustworthy and oldest Bitcoin wallets around. One of the safest hardware wallets on the market.
Visit site Read review Visit site Read review Visit site Read review

Electrum vs Ledger Crypto Wallet Comparison Data

Compare Electrum vs Ledger side by side by checking this comprehensive cryptocurrency wallet comparison data chart. Measure the most important wallet metrics against each other & see who wins as the better crypto wallet!

Compare Other Crypto Wallets

The main advantages of a certain cryptocurrency wallet.

The main disadvantages of a certain cryptocurrency wallet.

Score that represents the ratio of the quality & advantages you get for a certain price.

How easy & intuitive it is to use a certain crypto wallet.

Most popular hand-picked deals & coupons.

Overall level of security & safety of your assests offered by a certain crypto wallet.

Whether the crypto wallet requires two-factor authentication as an extra layer of security when completing an action.

Whether the crypto wallet requires multiple keys to authorize a transaction as an extra layer of security.

Whether the crypto wallet requires a Pin code as an extra layer of security when completing an action.

The general anonimity level of your data.

What kind of methods of recovering your cryptocurrency assets in case you lose your wallet or forget your primary password does the wallet offer.

Who owns your private keys.

The level of control you have on the crypto wallet.

Amount of cyprotcurrencies that are supported in a certain cryptocurrency wallet.

Amount of tokens that are supported in a certain cryptocurrency wallet.

Whether or not the crypto wallet supports the Ethereum token.

Whether or not the cryptocurrency wallet is compatible with other wallets & which.

Whether or not the crypto wallet supports the original BTC addresses that start with "1".

Whether or not the crypto wallet supports newer BTC addresses that came to be due to a soft fork. These addresses start with "3".

Whether or not the crypto wallet supports these specific types of BTC SegWit addresses. These wallet addresses start with "bc1".

Wallet Software

What kind of actions you can carry out via certain cryptocurrency wallet

Whether or not the users can control the transaction fees according to their personal needs.

What kind of additional features does each cyrpto wallet offer.

Is the crypto wallet open source or closed source.

How helpful and responsive is each cryptocurrency wallet's customer support.

What kind of connectivity methods are used for each wallet's management.

Through which mediums can you manage & control your crypto wallet.

Whether or not (and for how long) the crypto wallet offers a time period in which you can return the wallet free of cost.

The lowest cost of each brand's product. These are regular prices without discounts.

What kind of additional fees you may have to pay for extra services.

Whether or not the cryptocurrency wallet accepts payments via bank wire transfer.

Whether or not the cryptocurrency wallet accepts payments via debit or credit card.

Whether or not the cryptocurrency wallet accepts payments via PayPal.

Whether or not the cryptocurrency wallet accepts cryptocurrency payments.

Full legal business name of the cryptocurrency wallet.

The location where the cryptocurrency wallet company is based.

The year when the crypto wallet was established.

Ledger Nano X
LEDGER NANO X
Electrum
ELECTRUM
Ledger
LEDGER

Pros

  • Can be managed from mobile device
  • Very secure
  • Supports more than 5500 cryptocurrencies
  • Comfortable design
  • One of the oldest Bitcoin wallets
  • Very easy to use
  • Software-based
  • No information is stored on the server
  • Open-source
  • Utilizes two-factor authentication
  • Super secure
  • Protection against physical damage
  • Supports more than 1500 coins and tokens

Cons

  • Relatively expensive
  • Has had security issues
  • Only supports Bitcoin
  • Relatively expensive

Value For Money

Ease of Use

Latest Coupons

All Ledger Nano X Coupons See All Coupons of Best Wallets See All Coupons of Best Wallets
Security

Security Level

|
|
|
|
|
Very Poor
Average
Excellent
|
|
|
|
|
Very Poor
Average
Excellent
|
|
|
|
|
Very Poor
Average
Excellent

2FA Two-factor Authentification

Multi-signature

Pin Code

Anonimity Level

|
|
|
|
|
Very Poor
Average
Excellent
|
|
|
|
|
Very Poor
Average
Excellent
|
|
|
|
|
Very Poor
Average
Excellent

Backup Type

24-word Recovery Phrase or Nano S Plus Seed Phrase 24-word Recovery Phrase (via subscription)

Private Key Owner

You You You

Full Wallet Control

|
|
|
|
|
No
Partial
Yes
|
|
|
|
|
No
Partial
Yes
|
|
|
|
|
No
Partial
Yes
Supported Crypto

Number of Supported Crypto

1100+
See Full List
1
See Full List
5500+
See Full List

Number of Supported Tokens

5500+
See Full List
100+
See Full List
1500+
See Full List

ERC20 Support

Compatibility With Wallets/Exchanges

MyCelium, Exodus + 48 more Ledger Nano S, Trezor, KeepKey MyEther, MetaMask + 48 more

Legacy Addresses

SegWit

Bech32

Software Features

Wallet Software

Android App
iOS App
Windows Software
MacOS Software
Linux
Windows Software
MacOS Software
Linux Software
Android App
iOS App
Windows Software
MacOS Software
Linux App

Software Functions

Receive
Send
Store
Send
Receive
Store
Send
Receive

Transaction Fee Control

Extra Features

Password Manager
N/A
N/A

Transparency

Open-Source Open-Source Open-Source

Customer Support

|
|
|
|
|
Very Poor
Average
Excellent
|
|
|
|
|
Very Poor
Average
Excellent
|
|
|
|
|
Very Poor
Average
Excellent
Connectivity

Wallet Connectivity

Bluetooth
USB
Wifi
Wifi
Web
USB

Wallet Control

Mobile
Desktop
Desktop
Mobile
Desktop
Mobile
Pricing

Money Back Guarantee

14 days N/A 14 days

Base Price

149 EUR 0 USD 39 USD

Service Fees

N/A Fee adjustment setting N/A
Payment Methods

Wire Transfer

Credit/Debit Card

PayPal

Cryptocurrency

Company’s info

Full Company Name

The Ledger Company Electrum Ledger

Based in

Paris, France EU Paris, France

Year of Origin

2014 2011 2014

Check Official Website

Compare Other Crypto Wallets

Electrum vs Ledger Technical Comparison Results

The Value for Money score is one of the most important factors you should consider, as it can tell you whether the crypto wallet comes with the best quality and price ratio, or if the brand lacks in one of these aspects. While comparing Electrum vs Ledger, we can see that Electrum has a higher Value for Money score compared to Ledger.

Another highly important aspect is the Security Level - it can tell you how safe your crypto assets will be if stored in a certain wallet. After doing Electrum vs Ledger comparison, it’s evident that Electrum has somewhat better security features than Ledger. The Number of Supported Crypto section can tell you just how many & which cryptocurrencies you can conveniently hold in a single cryptocurrency wallet at the same time. After comparing Electrum vs Ledger, it’s clear that Ledger has the higher number of supported crypto with 5500+ cryptocurrencies available, while Electrum supports 1 different cryptocurrencies.

It’s also really important to evaluate a wallet's customer support, as you might have some important questions or even issues that will need to be resolved right away. According to our Electrum vs Ledger comparison research & gathered data, the better customer support is presented by Electrum, which offers fast & sincere help when their customers need it.

Keep in mind that here, we are only comparing Electrum vs Ledger, but that doesn’t mean that these brands are the best in the game. Even though Ledger Nano X wins this comparison, if put against all the cryptocurrency wallet brands, Electrum is the clear winner. That’s why, in the comparison charts, you can see how Electrum compares against your chosen brands. It’s evident that Electrum offers features that are above the industry standards, and is the top-rated & most popular crypto wallet on the market today.

Comparison Summary

The Electrum vs Ledger online crypto wallet comparison tool revealed that Electrum has better features & higher in-depth evaluation scores than Ledger.

But when comparing these brands to the whole crypto wallet market, Ledger Nano X takes the lead as the best-rated online crypto wallet among its competitors and is a more suited choice for you.

Read Full Ledger Nano X Review

Best User Reviews of Compared Crypto Wallets

Perfect combo

Cold wallets are my favourite due to security they guarantee, but the Ledger nano x more convenient than other alternatives because of the BT connection feature

Love this device

This ledger x review is only giving me more reasons to appreciate the company more :D The creators have thought of everything that is security related and users don't have to sacrifice convenience!!

good security

the 2 factor authentication is a must. i transfered from a wallet that didn't have this measure, so glad this wallet is more focused on protecting user security

security over convenience

plugging the wallet to my computer has to be the most inconvenient part of using an offline storage. all because of the security it promises

Read All Ledger Nano X User Reviews

Ledger Nano X
LEDGER NANO X
Ledger Nano S Plus
LEDGER NANO S PLUS
9.8
VS
9.6
Ledger Nano X
LEDGER NANO X
Binance
BINANCE
9.8
VS
9.4
Ledger Nano X
LEDGER NANO X
Coinbase
COINBASE
9.8
VS
9.1


The Process Behind Electrum vs Ledger Comparison

We Gather Electrum vs Ledger

1. We Gather

To make this Electrum vs Ledger comparison as accurate and fact-based as possible, we collect all the data from verified sources only. We gather opinions & real-life experiences from real users, as well as measure and test out various aspects ourselves.

We Measure Electrum vs Ledger

2. We Measure

To make sense of the gathered Electrum vs Ledger comparison data, our experts analyze & aggregate it using data structuring methods. Whether it’s security aspects or software features, the information is filtered out to remove any untruthful or biased claims.

We Score Electrum vs Ledger

3. We Score

To make the gathered & measured data more understandable and useful, each aspect is evaluated with a clear score, scale, or a short verdict. In this Electrum vs Ledger comparison, our goal is to help you choose the best just by glancing at the charts.

You Pick Electrum vs Ledger

4. You Pick

Our goal is to provide you with the clearest, factual & useful data out there. After we compare Electrum vs Ledger head-to-head, it’s up to you to decide which cryptocurrency wallet is the best for your needs. Take your time & choose wisely!

FAQ

Which aspects are the most significant while comparing Electrum vs Ledger cryptocurrency wallets?

The first aspect you should give your attention to is the wallet type, as it reveals a lot about the product and its security. Usually, hardware wallets are the most popular for their high level of safety. Another important aspect is the number of supported coins, as some wallets may not be able to hold the cryptocurrency you possess. You should also consider the helpfulness of a brand's customer support & read some general feedback of other customers on how their issues were resolved. And, of course, price & payment methods are important as well, but in the world of crypto wallets, “free” often means a lower security level, so do not shy away from spending a little bit more for the safety of your crypto!

How should I know which crypto wallet is the best for me?

First, you need to consider your experience & knowledge level - decide whether you are a beginner, or an advanced user. Are you looking for a free wallet only, or are you willing to spend a little bit more for the sake of security and extra features? You should also consider how many & which coins you want to hold in one wallet. Our crypto wallet comparisons can help you answer all these questions.

What is the best cryptocurrency wallet type?

While wallets are highly preference-dependent, the most secure options are still going to remain paper and hardware wallets. The two types of cryptocurrency storage are going to allow you to retain the utmost security of your crypto coins - much better than, say, keeping them in an online exchange.

What types of cryptocurrency wallets are there?

In total, there are four big types of cryptocurrency wallets - online, hardware, software (app), and paper ones. Each of these types of wallets have their own features, benefits, and shortcomings, and are thus going to be suitable for different types of people, too. Security-wise, paper wallets are seen as the best alternative, while convenience-wise, software and online ones should be your go-to options.

Are hardware wallets worth investing in?

It depends, but in most cases - yes. If you're just starting out with cryptocurrency trading and investing, a hardware wallet might be a bit of an overkill - it is generally considered that hardware wallets should be purchased once you have a significant amount of crypto, and want to keep it safe. If you're an active trader, that can also dissuade the matter even further - trading-wise, software and online wallets are much more convenient.

What are “hot” and “cold” wallets?

Hot wallets are those crypto storage pieces of software that maintain a constant connection to the internet. As opposed to that, cold wallets are hardware devices that store your cryptos offline. Safety-wise, cold wallets are considered the best option - since they are always offline, you don't need to worry about some sort of a hacker stealing all of your cryptocurrency assets.

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