Step-by-Step Guide: Migrate Crypto from Ledger to Trezor Hardware Wallet 🔑
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- Опубликовано: 11 июл 2024
- 🔥 Big News from Trezor: Permanent Price Drop! Trezor has announced a permanent price reduction for both the Trezor Model One and Trezor Model T.
🏷️ New Prices:
Trezor Model One: Now only $59 (was $69).
Trezor Model T: Now just $179 (was $219).
🛒 Get Yours Now:
Trezor One White: Order Here: shop.trezor.io/product/trezor...
Trezor One Black: Order Here: shop.trezor.io/product/trezor...
Trezor Model T: Order Here: shop.trezor.io/product/trezor...
Secure your digital assets with Trezor's trusted hardware wallets, now at even more affordable prices!
Are you considering a switch from Ledger to Trezor for your cryptocurrency management? 💭 Look no further! I've put together a comprehensive, step-by-step video guide to help you safely and effectively migrate all your crypto assets from a Ledger-based hardware wallet to a Trezor-based one. This tutorial is beginner-friendly and packed with insights, tips, and best practices that I've gathered from my years of experience in the crypto world. 💼💰🚀
In this video, we'll cover:
Initializing your new or reset Trezor wallet
Importing your Ledger 24-word Seed Phrase
Dealing with Compatibility Issues between Ledger & Trezor
Transferring assets between the wallets
Ensuring everything is securely set up in your new wallet.
I, CryptoDad, am committed to providing you with objective, reliable, and honest information. If you have any questions, concerns, or suggestions, feel free to drop them in the comments below! Let's make our crypto journey safe and efficient together. 🤝
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00:00 Introduction
00:45 Getting your Trezor Device Ready
02:18 Choose Your Method: Transfer or Migration
02:47 Migration Method: Using Your Ledger 24-Word Seed Phrase
03:11 Make Sure You Choose 24 Word Restore Method
03:42 Entering Your Seed Phrase: Tips & Tricks
05:53 Set Up a Pin
06:33 Rename Device (Optional)
06:59 Choose Wallet Type
07:52 What to Do With Your Old Ledger Device
08:49 Dealing With Compatibility Issue Between Ledger & Trezor
09:16 Using MetaMask to Access some of Your Alternate EVM Chains
10:41 Taking Stock of Your Crypto Assets: Is This Method Right for You?
11:05 Transfer Method: Transferring Your Assets Wallet to Wallet
12:06 Choose Your Wallet Type
12:50 Get Ready to Transfer: Connect Both Wallets and Open the Software
13:36 Transferring Bitcoin From Ledger to Trezor
16:57 Transferring ERC20 Tokens From Ledger to Trezor
19:52 Mitigating Ethereum Transfer Fees
21:20 Dealing with NFTs between Ledger & Trezor
22:27 Conclusions and Ledger Seed Phrase Considerations
🔥 Big News from Trezor: Permanent Price Drop! Trezor has announced a permanent price reduction for both the Trezor Model One and Trezor Model T.
🏷 New Prices:
Trezor Model One: Now only $59 (was $69).
Trezor Model T: Now just $179 (was $219).
🛒 Get Yours Now:
Trezor One White: Order Here: shop.trezor.io/product/trezor-one-white?offer_id=14&aff_id=2147
Trezor One Black: Order Here: shop.trezor.io/product/trezor-one-black?offer_id=35&aff_id=2147
Trezor Model T: Order Here: shop.trezor.io/product/trezor-model-t?offer_id=15&aff_id=2147
Secure your digital assets with Trezor's trusted hardware wallets, now at even more affordable prices!
Absolute gem of a teacher ☺
NO. IF your seed phrase is in danger of being EXPORTED to Ledger (at some point) do NOT import the same seed to a new device.
Totally agree . For sure not
The same key. If not what’s the point!?
Was going to say the same! You can't be careful enough, just in case!
@@misterles5631 More like letting her keep the key to your house.
What about I'm staking my solana on ledger live with my ledger nano s plus . Can I still migrate to trezor model T
Have been looking a lot for someone to explain this and nothing and I found you. Amazing information and perfect explained. You just gained a follower
Thank you very much for taking time to educate the public. You are and always will be the MOST helpful person in the community.
For years I have followed your tutorials. You are awesome Crypto Dad.
Trezor is open source. Keep it simple and it should be fine. Great video! Valuable information!
I just got a ledger because of you, and now everyone is saying it's bad. I can't win for losing.
Did the refund window pass?
Bad timing. Or some might say good timing. A lesson learned for a few dollars
thank you for doing all these videos! You are very patient and great at walking us through the 'how to' portions so it makes sense to the layman. I truly appreciate your content as I know it takes a LOT of time!
Most important video of the week!!❤
I love your videos - very easy to comprehend and ALL the steps are shown slowly and are explained (not just the usual click, click next withour image/video etc)
and a very nice voice
thanks a lot for all of your effort Crypto Dad
🙏
For peace of mind, I would take the costs of sending your crypto to a completely new and fresh (trezor) hardware wallet. The costs are minimum, compared to your crypto.
Can you send from ledger to trezor just by adress???
@@BullMinotaur Yes. The hardware is not important. Just the address and network.
So glad to see you didn't sleep on this. Thanks Dad.
this is the obvious video that needs to be done, thanks!
Thank you so much! Exactly what I was looking for. We all appreciate the hard work you do.
Thanks for this video!
Awesome vid CD!
love your videos, thank you for your work, moving from ledger to trezor safe 3
Exactly the video I was looking for
Great video. Thank you very much. All the Best ✌😎
Since firmware from ledger is still closed source, generate new one and send your funds there, thank you for your video as it helps a lot of people to AT LEAST minimize the risk of staying with nano wallets🙏🏼
I just got a Ledger and honestly, right now, I think all companies are the same, if you are in the US, the government can pressure any company. I will keep my trust (and watchful eye) on Ledger in the mean time. Better than trusting open source hardware wallets for now anyway.
A very balanced view. Good for you
exactly what i want see today , thanks a lot dad
I bought my Ledger many years ago and used your video to learn how to transfer from a platform to the Ledger.
So many years later, I came back to learn how to transfer from the Ledger to another wallet 🙂
Yes, I feel disappointed as well. I always knew there was an element of trust in using a ledger device because their firmware was closed source. But I was always told that the rigorous third-party testing proved that the device was secure and always generated a random private key. We were also told that the private key never left the device. Now we’re being told that they have a new feature that allows you to export your private key and when people complained, they told us it “always been possible”. That was enough to destroy all the trust that they had built up over the years.
Thanks for your sharing!❤️👍
Thanks for this great vid.
Thank you so much for this tutorial. Ledger cannot be trusted and is now dead to me.
I have ordered two Trezors, and once I have migrated my assets over to Trezor, I will be taking a hammer and a blowtorch to the Ledger and then sending the mangled and charred remains back to Ledger in the little white box that it was delivered in.
That's payback! Like a noble barbarian sending the corrupt emperor's head back to the palace!
Very helpful, thanks.
Thank you for the video and it helped me out a great deal
Awesome video!
🔐💻 Welcome, crypto enthusiasts! This video serves as your ultimate guide to migrate your crypto assets from a Ledger to a Trezor Hardware Wallet. Whether you're a beginner or a seasoned crypto user, this video is designed to make the transition seamless and secure. If you find this tutorial helpful, please hit the like button, share it with your friends, and don't forget to subscribe for more reliable, straightforward crypto advice from your trusted CryptoDad! Drop any questions or feedback you have below, and I'll do my best to address them. Let's secure our digital assets together! 💪🚀🔑
sir i have question u might know : if my hardware wallet lost: can i recover my coins in other hardware wallet by entering seed phrase ?
@@MuhammadAmjad-ei2ou yes. That is what I am demonstrating in this video.
@@CryptoDad thank u sir now watching it and making notes of ur valuable information
@@harmonyhill6620 both Ledger and Trezor adhere to the bip39 protocol for recovery seed keys 🔑 . It is an industry standard. They are interchangeable across many wallets.
I tried to order for Trezor device of $79 but it's a compulsory that I must pay $40 shipping fee, doesn't it have a free shipping option?
If you’re someone who’s switching HWs because of ledgers back door, just generate a new seed (instead of importing the old one) and look into setting up a pass phrase.
Sure, we don’t know for sure that ledger has logged our private keys, but we also at this point don’t know that they DONT have them. Importing the same seed to a trezor device is pointless.
Just my opinion and two cents.
It’s not an opinion: you are logically right .
@@ikust007 thanks, just felt like saying it was my opinion because of the people, like crypto dad, who don’t see the issue with using the same seed.
Agree, Ledger basically have always had the ability to get your seed, who knows maybe they or a nefarious actor in the company or govt hackers already have it. Unlikely but possible if you are on a Ledger
Agree After FTX, you just never know
@@ura9390
Better get a new seed.
Exodus work with Trezor. So it s a nice HW.😊
I love how this video specifically had to be made in response to Ledger's recent news.
Thank you!
I always liked my Trezor more than my Ledger back in 2017/18. Same but different. Mahalos Rex.
Excellent!
This video has generated a lot of lively comments and controversy! I’m really amazed. This is a really tough issue for those of us who have been around the crypto industry for so long. I did my first Ledger video back in 2017. The hard reality is security should be number one when dealing with crypto. Full stop. But unfortunately other factors come in to play. Every wallet has its pros and cons. I’ve been looking at some of the super secure wallets that use open source firmware and OMG, will granny be able to use these? I think not. Unfortunately I don’t think any company has really hit that sweet spot between security, affordability, and usability. I’m going to focus on step-by-step tutorials. I’ve got a lot of other wallets lined up for additional migration videos. Thank you so much everyone for watching.❤
Beware of imposters in the comment section!! I will never contact you directly! (OfficialCryptoDad_On_T.elegram 3 hours ago👆👆📩)
can you please do a Live feed to answer peoples questions ? :) ty
I agree on live feed. it looks like allot of people have questions.
Why recommend a Chinese product to your viewers that has a known expolit. Tezor is not safe either.
The problem migrating using the first option, the private keys are still available to ledger guys, as the wallet is the same. To break the link, we need to use the second option.
Thanks for watching. If it makes you feel any better, no one has any proof that Ledger has compromised existing seed phrases. This is just speculation. As I noted in the video, transferring a large number of ERC20 tokens wallet to wallet will cost you hundreds if not thousands of dollars.
@@CryptoDad true but getting hacked by Ledger's backdoor will cost you everything! Not your keys....
Thanks, my Ledger was smash into smithereens with a sledgehammer this week when my Trezor arrived 😂👍🏼
DON"T USE THE SEED FROM LEDGER, you must assume it's already compromised! It's best to create a new seed on the Trezor and send the funds to addresses on the new seed.
Or you could use existing 24 word seed and turn it into a new 25th word for the Trezor, no need to redo existing backups but still ultimately secure.
@@-zerocool- 25th means ? pass phrase ?
I'm going to do this. Can I follow a Crypto dad's video to set up Trezor and create a new wallet? How do I get my assets over from Ledger after that?
@@MuhammadAmjad-ei2ou yes it does. passphrases (or 25th word) add to security but also complexity. If you forget your passphrase, you lose your crypto. I have heard many sad stories over the years of people who used passphrases and then misplaced them or forgot them.
@@ursulaindigo546 Start a new wallet with Trezor then once done , you can transfert your crypto from ledger to your new Trezor.
This channel is fre😊aking 😎 awesome 😎!
I DONT recommend to open the existing wallet with Ledger on Trezor. As the said in a now deleted tweet. “They were always able to launch a software to get the private key from you”. That means your private key you created with Ledger using their randomness algorithm is compromised; so, the best thing is to create a completely new private key with Trezor and add an extra passphrase to it. And transfer all the coins one by one.
Thanks!
Great video, thanks very much!
Besides a Ledger, I also have a Keepkey. Just wondered what your thoughts are on Keepkey?
Thank you
This is the easiest way to move over, however if we're talking about a lot of funds, you might want to do the create new wallet and then transfer everything over.
If one is concerned about ledger obtaining their seed words this solves nothing. Would it not make more sense to create new seed for Trezor then do a transfer??
Thanks
Great video!! Could you do a video on transferring crypto from Ledger to Tangem? Thanks.
Great tutorial! While more tedious and more expensive, it seems like the second method (actually creating a new seed phrase account) is the best way to go since isn’t the whole perceived risk of Ledger that they have some kind of backdoor to our seedphrases? By just creating a Trezor with the same seedphrase as Ledger, is anything really being accomplished from a security standpoint? Or am I incorrect, and the only time there is a vulnerability with Ledger is when the device is connected?
What if I have a Lager Nano S?What advice do you have about keeping cripto on an Old Nano S?(Thanks for keeping us updated)
This was super helpful! Thank you CD! But what if I already transferred SOME coins ( what Trezor has when opening the suite for the first time) and after seeing tis video I want to migrate my ledger wallet to my already Trezor Suite wallet that I made (with coins). Is that possible and I so, can you do a walk through video? Thank you for your time!
💙thank you. I sent my half million digibyte from ledger to Trezor in 7 seconds with no network fees (by creating new sid phrases in Trezor) new wallet !
How did you do it by creating new seed phrases?
Thanks and can you do a video from Ledger to Tangem
Sorry if I misunderstood … if our SEED phrase is in danger with our Ledger wallets now, why would we use the same SEED for a new (Trezor) wallet? Wouldn’t it be better (safer) to generate a new SEED on the new device, and send all assets to the new SEED/wallet via the blockchain?
Ok, ur covering this from 11:30 😅
Yes, its safer to use a new seed. Crypto has shown us that we can’t take chances with anything. Better safe than sorry
Thats so smart ... so we will have same private key on Trezor like on Ledger ... and Trezor introduced same method of keeping private keys few months ago ... WE WILL GIVE OUR PRIVATE KEYS TO LEDGER AND TREZOR SAME TIME !
Shout much?
Thanks Dad!
I’m also in the wait and see camp on this Ledger kurfuffle.
But should it turn sour, could you also kindly consider making a tutorial of making a new 24 seed phrase on the Trezor T? The default on Trezor T is 12 and generating 24 words seems overly complicated. Thanks Dad!
Thank Rex , what would you say is the best cold wallet for yourself
Just a heads up for everyone. A few years ago I was ignoring the updates on my ledger until one of my Ethereum transfers, did not make it to my ledger wallet. It took a few weeks for ledger support to get back to me and let me know that I needed to complete all the updates. That fixed the problem.
Hi Cryptodad Thank you for your very informative video, I do have a few questions, if i have a nano set up with metamask recovery phase, can I use the same method to migrate everything from ledger to trezor by using the recovery phase( except i will be using the metamask recovery phase?) and if I want to do the more security way i.e set up the trezor as a new wallet, can I send crypto one by one via blockchain? and i will get all coins from my metamask wallet ? Do you then set up a dummy metamask wallet to connect the trezor wallet? sorry about all these questions, I hope I am making sense here.
Thanks for the video. Question. Since we have lost trust in ledger wouldn't it be safest to create a new wallet and transfer coins? (Versus recovery). Your thoughts please...
This goes without saying.
@the CryptoDad Great subject great instruction! So just to make sure I understand correctly... when we do the recovery from Ledger to Trezor those assets are then officially held in the new Trezor wallet and not hanging out or tied up inside the Ledger wallet any longer?
So I tried be fair and balanced in the video. I demonstrated both the migration method of using your ledger seed phrase, and I also showed you how to make a straight wallet to wallet transfer. I also mentioned in the video that when you’re done migrating from Ledger to Trezor, both wallets are still active. However, if you want to simply stop using the ledger wallet or destroy it or reset it, then it won’t be active anymore.
Great video! Question: if you migrate the seed phrase how does that affect any stakes that you have?
Well, the tokens will still be staked. But you may not be able to access the staking tools in the Trezor Suite. You might need to use a third party wallet to stake/unstake
Good day! I have a Trezor question. If I wanted to transfer my coins from a standard wallet to a hidden wallet, would it also incur the same network fees or not, considering that both of these wallets are generated by the same device? Thank you
i think you should of said that all coins on your ledger might not be supported by trezor .. also if the ledger user has already updated their firmware its better to send all assets over to the New trezor device instead of restoring the wallet . because we really don't know if the ledger seed phase is compromised or not.
I wonder if and when Ledger releases Stax wallet. Will you still use it or cancel your preorder.
Thanks for the information
would really love to see a crypto dad video on WHY he is changing from Ledger to Trezor.. though I have a pretty good guess...
Good day sir I have learned a lot when it comes to crypto and hardware wallets because of your videos for that sir I say thank you... Was wondering if there's any way you can make a video on how to transfer crypto from ledger nano x to a tangem wallet... I really hope the answer is yes and again thank you for all the videos that you do
@The.Cryptodadmy erc20 tokens showed up but the fiat value isn't viable. Tried everything.
Question: I already set up the wallet on my Trezor before watching this whole video. I would prefer to migrate as opposed to transferring to avoid fees. What do I do now?
Thank you in advance 😊
👏👏👏
Hi sir, Thanks for this video. Very useful information which we didn't knew. I have one question though. After recovering the tokens from Ledger to Trezor wallet , Will my ledger shows the cryptos and Can i still use my ledger to send d same cryptos which i have migrated to trezor or those cryptos are not valid now?
sorry for newb question but can you use a metamasks keys or seed for the trezor? or is that not good idea?
Please can you do a comparison of Ngrave zero and Tangem?
If you do the migration method using the ledger pass phrase and the Treszor does not support some of the tokens you are trying to migrate does the unsupported tokens just remain on ledger live? Also does the migration method work for the treszor one and model T?
Could you do a review/migration of Blockstream jade? Trezor has kyc so I don't see the point of trading one vulnerability for another.
Great video. If someone were to actually steal your seed phrase, would they be able to see all tokens you hold when they open Ledger Live? Or would they have to guess by adding random ERC-20 coins manually in a new L.L. account?
They would not need to guess. They could just "add account" and it would show them all the non empty accounts + ERC20 tokens. That is why you should not let anyone steal your seed.
Dad please make video setup trezor one with phone . Thankyou❤
There are info links up in the corner of the video for my full length Trezor setup & restore videos
Does this procedure work only with nano x to trezor safe 3? How do i determine which nano i have.
Hi, I have a question, for what I understand, Ledger says that they under a subpena can give away the seed frase, if the seed frase in the Trezor (or BitBox02) is the same, are the assets safe in these wallets even when the seed phrase is the same? What Im trying to ask is , if Ledger gives away the 24 seed words, can the goverment or any individual access to the Trezor or BitBox02 wallet using these 24 words. Thank you in advance
This was an extremely helpful video. Thanks for taking the time.
i just bought Dcent hardware wallet for the ledger migration
If I have multiple wallet addresses for bitcoin on my ledger device, will they all migrate to my Trezor exactly as it was on my leger using the seed phrase method or will Trezor combine all my categorized bitcoin wallets into a single bitcoin wallet?
Had a question is Safepal S1 safe ? Or does it also have the same recovery update ?
What’s the difference if I recover the ledger’s seed phrase on the new Trezor?
Apart from Trezor, which other hardware device can you recommend that has open source firmware?
Here is my question. Wouldn't this be risky since ledger has your stuff since you updated? Maybe they already have it
im concerned of the safety of ledger after recently buying one so ive bought a trezor, my idea is just to sendd the crypto over to the trezor, im pretty new to this and understand it will cost a little but is there any other issues or is this ok ? ill be sending the ledger back
Just set Trezor cold wallet up. My only two issues are TRX staked and ATOM staked through ledger accounts TRX needs to sign into Tronscan with my Ledger Nano to claim rewards. Any suggestions, I have read that the older Nano S is probably not capable of recovery, for now I am using my older Nano’s monthly to connect and claim rewards.
The thing I hate about using the trezor wallet, especially when login in is it's hard to hit the letters you want and not get canceled by doing it too many times. That's why I like the ledger originally. It's easy to navigate with a ledger versus trezor. 😅
Tangem is better no buttons just tap and login
@@icymistt Does it have open source firmware?
@The.Cryptodad I tried to order Trezor device of $79 but I was asked to pay $40 shipping fee, doesn't it have a free shipping option no matter how many days it will take to arrive?
@The.Cryptodad Apart from Trezor device, which other hardware wallet can you recommend that also have open source firmware?
I currently stake Cardano and DOT from the Ledger. Do I have to unstake before switching to Trezor?
Can u make a video of how to move from Ledger to Ellipal Titan? Thanks
should suggest to get a new seed . don't know how long the backdoor been active
Isn't downloading from the net at 1:50 kind of self-defeating? I thought the whole point of Trezor is that is acts as an air gapped storage?
You don’t have to push the buttons twice to scroll through the alphabet. You can push the letters once to get the verified word to confirm in green.
Thanks for that. Makes life easier.
I currently have the Trezor Model 1 and want to buy a Trezor Safe 3 because it supports many more coins, would the transfer of wallets be the same as from a Ledger to Model T as a Model 1 to Trezor Safe 3?
I have not had a chance to try out the Trezor safe three yet. But I’m sure you’ll be able to import a 24 word seed phrase. The process would be very similar to what I demonstrated in this video. Although the interface might be slightly different I contacted treasure and they’ll probably send me one in the next week or so, so I’ll get another video posted
Trezor has some concerns with their addition of CoinJoin and possible censorship.
One of my erc20 tokens didn’t migrate from ledger to trezor: enjin. Any suggestions? Matic and grt came thru fine. Thanks.
Did the migration using old seed phrase.
Yes, I feel disappointed as well. I always knew there was an element of trust in using a ledger device because their firmware was closed source. But I was always told that the rigorous third-party testing proved that the device was secure and always generated a random private key. We were also told that the private key never left the device. Now we’re being told that they have a new feature that allows you to export your private key and when people complained, they told us it “has always been possible”. That was enough to destroy all the trust that they had built up over the years.
can you do the same video, migrate ledger to trezor, but use new seed for the trezor instead of existing seeds?