Ledger Flex vs Trezor Safe 5: Which Is Better?

The Ledger Flex and Trezor Safe 5 represent the top tier of hardware wallets in 2026. Choosing depends on your priorities.

Security Architecture

Both use secure elements. Ledger has CC EAL6+. Trezor Safe 5 incorporated a secure element addressing past concerns. Both support PIN, passphrase, and seed backup.

• Ledger: Secure element from the start; keys never leave the chip
• Trezor Safe 5: Upgraded security; gap has narrowed

Supported Coins

Ledger supports 5,500+ via Ledger Live. Trezor supports 9,000+ via Trezor Suite. Both cover major chains.

• Ledger Live: Polished UX, staking, NFTs, buy/sell
• Trezor Suite: Open-source, privacy features (Tor, coinjoin)

Open Source vs Closed Source

Trezor publishes firmware and hardware design. Ledger keeps secure element firmware closed. The debate is ongoing.

• Trezor: Full transparency; community can verify
• Ledger: Argues closed source prevents reverse engineering

Verdict

Choose Ledger Flex for Ledger Live's ecosystem and polished experience. Choose Trezor Safe 5 for open-source transparency and privacy features. Both keep your keys secure.