Quick Comparison Overview
| Feature | Ledger Nano S Plus | Trezor One | ColdCard Mk4 | Ledger Nano X |
|---|---|---|---|---|
| Price (AUD) | $121 | $107 | $229 | $229 |
| Cryptocurrencies | 5,500+ | 1,000+ | Bitcoin Only | 5,500+ |
| Screen Size | Large | Small | Medium | Large |
| Bluetooth | ❌ | ❌ | ❌ | ✅ |
| Security Chip | ✅ Secure Element | ✅ Standard | ✅ Enhanced | ✅ Secure Element |
| Open Source | Partial | ✅ Fully | ✅ Fully | Partial |
| Mobile App | ✅ Via cable | ✅ Via cable | ✅ Via cable | ✅ Bluetooth |
| Best For | Most users | Beginners | Bitcoin pros | Mobile users |
| Our Rating |
★★★★★
4.8/5 |
★★★★★
4.6/5 |
★★★★★
4.9/5 |
★★★★★
4.8/5 |
| View Details | View Details | View Details | View Details |
Detailed Wallet Comparisons
Ledger Nano S Plus
$121 AUD
Best for: Most Australian crypto investors
✅ Pros
- Supports 5,500+ cryptocurrencies (Bitcoin, Ethereum, XRP, Cardano, etc.)
- Large screen for easy transaction verification
- Trusted by millions worldwide
- Secure Element chip (bank-level security)
- Works with Australian exchanges (CoinSpot, Swyftx)
- Affordable price point
❌ Cons
- No Bluetooth (USB cable required)
- Requires Ledger Live app
- Not fully open-source
🇦🇺 Australian Verdict:
The Ledger Nano S Plus is our top recommendation for Australian crypto investors. It offers the perfect balance of security, ease of use, and multi-coin support. At $121 AUD, it's excellent value and ships quickly to Australia.
Trezor One
$107 AUD
Best for: Open-source advocates & beginners
✅ Pros
- Fully open-source (maximum transparency)
- Simple, beginner-friendly interface
- Lower price than Ledger
- Excellent Bitcoin support
- Trusted since 2013 (first hardware wallet)
❌ Cons
- Smaller screen than competitors
- Supports fewer altcoins than Ledger
- No Secure Element chip
🇦🇺 Australian Verdict:
Great choice for Bitcoin purists and those who value open-source security. At $107 AUD, it's the most affordable quality hardware wallet available in Australia. Perfect for beginners who primarily hold Bitcoin.
ColdCard Mk4
$229 AUD
Best for: Serious Bitcoin HODLers
✅ Pros
- Bitcoin-only focus = maximum security
- Air-gapped signing (never connects to internet)
- Advanced privacy features
- Fully open-source
- Highest security rating
- Duress PIN feature
❌ Cons
- Bitcoin only (no altcoins)
- Steeper learning curve
- Higher price point
- More complex setup
🇦🇺 Australian Verdict:
The ColdCard Mk4 is for serious Australian Bitcoin investors with substantial holdings. If you're Bitcoin-only and prioritize maximum security over convenience, this is the best hardware wallet money can buy. Worth the $229 AUD investment for peace of mind.
Which Wallet Should You Choose?
👤 New to Crypto?
If you're just starting your crypto journey:
Ledger Nano S Plus
Perfect balance of ease-of-use and features. Supports all major cryptocurrencies you'll want to explore.
View Ledger💰 Budget Conscious?
Want quality without breaking the bank:
Trezor One
Most affordable quality hardware wallet. Open-source and simple. Perfect for Bitcoin-focused investors.
View Trezor🔐 Maximum Security?
Serious Bitcoin investor with large holdings:
ColdCard Mk4
Bitcoin-only focus with military-grade security. Air-gapped signing and advanced privacy features.
View ColdCardComparison FAQ
Can I switch between hardware wallets?
Yes! Your crypto isn't tied to a specific device. You can restore any hardware wallet using your seed phrase on a different brand if needed. However, it's recommended to stick with one trusted brand.
Do I need different wallets for different cryptocurrencies?
No! Modern hardware wallets like Ledger Nano S Plus support thousands of cryptocurrencies. One device can secure your entire portfolio. However, if you're Bitcoin-only, ColdCard is purpose-built for maximum Bitcoin security.
Is it worth upgrading from an older model?
If your current hardware wallet works fine, there's no urgent need to upgrade. However, newer models offer larger screens, better user experience, and support for more cryptocurrencies. Upgrade when you feel the need for better features or if your device is several years old.
Ready to Secure Your Crypto?
Choose your perfect hardware wallet and protect your digital assets today
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