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LEDGER REVIEW

Table of Contents

"Ledger is the most reliable cold storage solution. I recommend it to anyone looking to secure their crypto perfectly at minimal cost"
Peter Anderson
crypto trader & investor

Check out Ledger

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OVERVIEW

1000 +
CRYPTO COINS SUPPORTED
1
LANGUAGES SUPPORTED
1
PRODUCTS OFFERED
1
Mobile Compatibility (ANDROID)
01

THE BIG PICTURE

Ledger wallets are among the most-secured hardware wallets. The company launched its first wallet back in 2014 and has continuously added new features and security tools to stay ahead of the competition in the time since. Ledger currently offers two hardware wallets, the Ledger Nano X and Ledger Nano S. It also offers a Ledger Live wallet that works in sync with the hardware wallets. Between top-notch security, competitive pricing, support for a wide range of cryptocurrencies, Ledger is a great choice for all types of crypto investors. Still, the UI can be a bit difficult to master for newcomers.

Get all the information you need about this superior crypto storage solution with our complete and unbiased Ledger review.

Check out Ledger
ONE OF THE BEST COLD WALLETS
02

COMPATIBLE CURRENCIES

Ledger hardware wallets support all types of tokens, including ERC20, ERC721, TRC10, TRC20, BEP2, NEP5, and SOL. Check the full list of tokens supported by Ledger.

Check out FEES
SUPPORTS ALL TOKENS
03

PRODUCTS

Unlike other brands, Ledger offers a wide range of products, including:

  • Ledger Nano S: This is the first hardware wallet launched by Ledger. It has evolved with time to adapt to modern-day security needs. Not only is this wallet extremely cost-efficient, but it also allows you to install up to three dApps and hold multiple cryptocurrencies at the same time. This is a great product for beginners and those who are cost-conscious but don’t want to compromise on security.
  • Ledger Nano X: The Bluetooth-enabled Ledger Nano X hardware wallet supports more cryptocurrencies than its predecessor, the Nano S. Its distinctive feature is Bluetooth compatibility, empowering you to control the device from a mobile phone (unlike most brands that only connect to desktop and laptop computers). You can install up to 100 dApps simultaneously, making it a perfect choice for traders who are always on the move.
  • Ledger Live: This application goes hand-in-hand with the Ledger wallets, serving as the primary interface to manage all of your crypto assets. With this tool, you can also participate in staking and earn passive income on some crypto assets you’re already HODLing. You can use Ledger Live on your computer, Android, and iOS-based devices.


Furthermore, Ledger also offers a Crypto Starter Pack that includes a Ledger Nano S, PDF Guide, a $25 voucher, and a Ledger Family Pack S that contains three Ledger Nano S devices.

Check out the complete list of Ledger products here.

FIND PRODUCTS
WIDE RANGE OF PRODUCTS
04

PRICING

Although each Ledger product is priced differently, the good news is that they’re affordable compared to other hardware wallets that we have previously reviewed.

  • NANO X: $119.00
  • NANO S: $59.00
  • Crypto Starter Pack: $69.00
  • Ledger Family Pack S: $139. 00

Besides these options, Ledger also offers accessories, including:

  • Ledger OTG Kit: $17.99
  • Cryptosteel Capsule (Solo): $99.00
  • The Billfodl: $99.00
  • Swivel Pack: $15.00
READ MORE
AFFORDABLE STORAGE
05

PROS

  • Highly secure
  • Offers protection against physical damage
  • Supports a wide range of tokens and cryptocurrencies
  • Competitive pricing
  • Works across platforms
  • Offers mobile compatibility
  • Includes DeFi functionality (Ledger Live)
MEANINGFUL PROS
06

CONS

  • Device navigation could be simpler
  • Closed source architecture
  • Devices incompatible with a wide range of third-party apps and wallets
A FEW DOWNSIDES
07

SECURITY

When it comes to hardware wallets, Ledger has been around since 2014. The team at Ledger understands the changing security requirements and keeps rolling out new firmware updates accordingly. Unlike other wallets, all Ledger devices include protection against physical damage, built using highly durable materials like steel. Additionally, Ledger implements multi-layered security, including a PIN, 2FA, multisig options, and a 24-word recovery phrase. 

Together, you get to keep complete control over your wallet, assets, and private keys. Ledger wallets have had their fair share of security breaches, but the development team is prompt at resolving them.

PHYSICAL & MULTI-LAYERED TOP SECURITY
08

WHO'S LEDGER GOOD FOR?

  • Users who have basic experience operating hardware wallets
  • Traders who hodl a large number of digital assets
  • Enterprises
GOOD FOR ANYONE IN THE CRYPTO SPACE

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THE FINE DETAILS

General Information

Founded In: 2014

Official Website: https://www.ledger.com/
Support:
https://support.ledger.com/hc/en-us
Help Center:
https://support.ledger.com/hc/en-us/categories/4404369571601-Support
Start Now

Setting up

Start by plugging the wallet into your computer’s USB port. Once you see the “Configure your screen” prompt, follow the on-screen instructions and download the recommended firmware and drivers. Once done, set up your PIN, copy your recovery phrase, and plug the device out. Then, reconnect it, and your wallet is ready to use.

To enjoy a seamless experience and manage all of your assets from one place, download and install Ledger Live. Follow these instructions to set up your Ledger Live wallet.
Register

Support

The platform includes a detailed Help Center, which will answer almost all of your queries. If you still need more answers, feel free to hop over to the community forum. Additionally, you can also connect with the customer support team to get the desired resolution. Unfortunately, the only way to contact support is by raising a request from the website. That said, Ledger wallet has a 3.4 (average) rating on TrustPilot, so you can say there’s a lot of mixed emotions about its customer service.
Check it out

Software Updates

Ledger releases frequent updates to stay ahead of malicious actors. It is currently on the firmware version 2.3.2 (released August 2021). You can check your device’s firmware version from Ledger Live > Manager > Firmware Version. If it isn’t the latest version, you can download it from here.

Features

Like most other wallets, Ledger, too, offers users to choose between two different models, each with similar features but different prices. NANO X comes with more features as compared to NANO S, including Bluetooth compatibility for mobile devices. The multi-layered security features work perfectly. Each hardware wallet comes with damage protection, a rechargeable battery, USB cables, and all other needed accessories. Ledger Live wallet goes hand-in-hand with the hardware wallets and offers users a single dashboard to manage all of their assets. Another standout feature of Ledger Live is staking, allowing users to earn passive returns from within the wallet itself.
Read More

Ease of Use

There are no complaints here, except for the fact that Ledger’s user interface could have been much easier to navigate if it had a (tad bit) bigger screen.

If you’re a first-timer, you may find it a bit difficult to operate Ledger wallets. But with a bit of practice, you’ll get accustomed to it, especially the part where you need to check and confirm longer addresses. Still, no touchscreen can deepen the complication (unless you’re using the Ledger Live alongside).

FREQUENTLY ASKED QUESTIONS

Common questions we get asked about Ledger

It is a hardware wallet with robust security features that you can use to store a wide range of digital assets.

Ledger wallets are USB devices that use a 24-word seed phrase, a proprietary OS, and a Secure Element to protect your digital assets.

Connect the USB to your computer and follow the instructions to set up your Ledger wallet and other related accounts.

Each has its own benefits. However, Ledger offers much more competitive pricing than Trezor.

No, Ledger doesn’t store your private keys.

Ledger is a cold storage hardware wallet.

Yes, the Ledger Nano is a non-custodial wallet solution.

Ledger is the leading hardware wallet. It has been around since 2014.

 

Ledger is designed to store cryptocurrencies. You can buy, store and manage USD-Coin and USDT securely using Ledger.

 

Ledger is one of the safest hardware wallets that money can buy. It allows you to securely lend on prominent platforms like AAVE and Compound right from your wallet.

Purchase a new wallet from the official website. Then, you can just recover your assets by importing the recovery seed into the replacement hardware wallet.

BLC READERS SHARE

"Recently upgraded to the Ledger Nano X after being a longtime Nano S user. Love all the extra space for my applications and their intense focus on security."
Kristian BurnsMechanical Engineer
"The pocket-sized Nano S is so handy it goes with me everywhere on my keychain thanks to its size"
Jack BradleyBookkeeping clerk
"It may not have as many features as competing hardware wallets, but trust me when I say that security trumps all, and the Ledger team truly understands this reality"
Joe ChanCollege Professor
"It may look basic, but Ledger is anything but. From the stainless steel exterior design of the hardware itself to the regular software updates, they’ve thought of everything from top to bottom"
Poppy GoodwinReporter
"Forget about the Ledger wallet on its own. Together with the Ledger Live application, switching between DeFi protocols thanks to the wallet’s native DeFi app support is frictionless and delightful"
Taco VersluisProfessional trader
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© Bottom Line Crypto LTD. 2023

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