| Network | None: its kernel has no network stack | None on the device; some models connect by Bluetooth or USB | Online | Off, once its Wi-Fi and Ethernet are disabled or removed; the drivers stay in the system |
| Attack surface | One Rust program on a minimal kernel: no network stack, no desktop, no browser | Small firmware for one job | A full operating system, its apps and the network | A full operating system, a desktop and often a web browser running an HTML tool, with every library and script it loads |
| Keys at rest | In vaults sealed with Argon2id, or on paper; nothing kept at power off | In the device, often in a secure element | On the phone or computer, encrypted by the app | On its disk, in the wallet app's files |
| Screen | A laptop's whole screen, or a 2.8 inch panel | A small screen on the device | The phone's or the computer's | Its own screen |
| Moves data by | QR codes through a camera, or files on a stick | USB, Bluetooth, QR codes or a microSD card, by model | The network | USB sticks, or QR codes |
| Holds | Bitcoin keys and wallets, passwords with TOTP, GPG and Secure Boot keys | Bitcoin keys, and on many models other coins | Bitcoin keys | Whatever its apps hold |
| Who it is for | Everyone: guided flows, and a Spend tab that walks an heir from the envelope to a sent transaction | Most people, through the maker's app | Most people | Those who can harden a computer themselves |
| Hardware | A laptop or a Raspberry Pi set aside for it | A device bought from its maker | The phone or computer used every day | A computer kept offline |
| Cost | Free on a laptop you already have; a dedicated laptop, $100 to $200 | About $60 to $250 | Free | Free on a computer you have |
| Accessibility | Free and available to all | Identifiable as a hardware wallet; bought from a specialised vendor or its maker | Used on an online device | Free, with the know-how to set it up |
| Supply chain | An ordinary laptop, one of millions, and a download checked against its signed release | A device made for keys: a known target between its maker and you | The app's updates, and the phone or computer it runs on | The operating system, its updates, and every package and page installed |
| Buyer records | None: nothing bought says you hold keys | The maker or shop keeps your name and address, and such customer lists have leaked | App stores and exchanges know their users | None |
| Review | A pre-release, not yet reviewed | Varies by maker | Varies by app | Varies with what is installed |