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Ledger review: a complete guide to Ledger wallets for beginners
Ledger range Ledger models Nano X , Ledger Nano S Plus, Ledger Flex, Ledger Stax, and more recently, Ledger Nano Gen5. These hardware wallets support over 15,000 cryptocurrencies and offer advanced integration via the Ledger Wallets allow staking and access to decentralized applications ( DApp ). cold wallet like Ledger are distinguished by their local management of Ledger keys , which strengthens the security of your cryptocurrencies. My opinion on Ledger after testing the Ledger Flex and the Ledger Nano X is that they are excellent wallets with enhanced security, a very wide range of supported cryptocurrencies, and numerous additional features ( staking , DApp , direct deposit with possible conversions to stablecoin ) with Ledger Wallet (formerly Ledger Live ). The diversity of models allows them to meet different needs.
Table of Contents
Introducing Ledger : the French unicorn of hardware wallets
Ledger is a French company that has established itself as the world leader in hardware wallets for the secure management of cryptocurrencies . The Ledger Nano X is the most widely installed model, recognized as one of the most used wallets in the world . The ledger Nano S Plus is a more affordable but wired version, while the ledger Flex, Nano Gen5 , and ledger Stax offer touchscreens and enhanced user-friendliness.
Ledger 's official website offers these products with a guarantee of authenticity and comprehensive support. Ledger has developed an ecosystem where each wallet integrates seamlessly with the Ledger Wallet app , simplifying the management of digital assets.
The key advantages of Ledger wallets
- level of security thanks to the storage of private keys in a CC EAL5+ or CC EAL6+ certified Secure Element, guaranteeing physical isolation of the keys.
- Ledger announces support for over 5,500 cryptocurrencies. In reality, the range is much broader when you look more closely at the list of compatible tokens. It actually includes over 15,000 tokens, including newer tokens, NFTs, and networks like Sui , Aptos , and Sonic —networks not supported by many of their competitors.
- Staking over twenty cryptocurrencies directly through the Ledger Live app staking a rare feature among cold wallet . Ledger 's main competitors have a more limited or even non-existent staking .
- Ledger Wallet also enables efficient integration with decentralized applications, allowing secure DeFi and DApp
- The touchscreens of the L edger Flex and L edger Stax offer superior comfort compared to the physical buttons of the L edger Nano .
- Multi-platform compatibility with Windows, macOS, Linux, iOS, and Android via Bluetooth (on the L edger Nano X, Flex, Nano Gen5, and Stax ) or USB-C (on the Nano S Plus). Note that Bluetooth connections are only available on laptops. All models require a wired connection when used with a computer.
- An intuitive interface thanks to the Ledger Wallet application portfolio management , transactions , purchases, sales, exchanges and portfolio tracking.
Introducing the Ledger Nano X and the Ledger Nano S Plus
The Ledger Nano X wallet stands out for its Bluetooth connectivity at the most affordable price in the range.
The L edger Nano S Plus does not have Bluetooth, which limits its mobility.
The limitations and drawbacks of Ledger wallets
Despite its qualities, my opinion on the Ledger Nano highlights a few weaknesses:
- The lack of Bluetooth on the L edger Nano S Plus may be a drawback for those who want wireless use.
- Using the buttons on Ledger Nanos is less intuitive and slower than on touch models like the L edger Flex or the L edger Stax .
The Ledger Wallet app
The Ledger Wallet app is a central component. It allows you to:
- View the value and composition of your portfolios in real time.
- Conduct all your transactions securely.
- Install and manage the necessary applications on your hardware portfolio .
- Participate in staking over 20 of the most established cryptocurrencies and generate passive income.
- Connect to compatible decentralized applications to take advantage of DeFi.
- Restore your wallet using the recovery phrase .
Ledger Flex and Ledger Stax: the new touchscreen wallets
Recent models like the L edger Flex and L edger Stax feature E-ink touchscreens, which are more comfortable than the physical buttons of the L edger Nano . The L edger Stax stands out with its 3.7-inch curved screen and wireless charging, while the L edger Flex offers a 2.84-inch touchscreen and USB-C charging.
The design of the S tax even allows for the magnetic stacking of multiple devices.
How to buy a Ledger ?
To Ledger products , it is recommended to use the Ledger website to avoid the risks associated with counterfeit goods. Direct purchase guarantees the integrity of the Ledger device and the security of your private keys .
- Choose the model that best suits your needs (Nano X, Nano S Plus, Flex, Stax). For a more detailed comparison of the technical differences between the models, we invite you to read the article detailing Ledger model to choose .
- Order from the official website or from an authorized reseller.
- Receive your Ledger wallet with the starter kit and recovery phrase .
- Configure your Ledger via the Ledger Wallet application .
For a more comprehensive understanding of the tools and legal constraints, we invite you to explore the BSM program .
It includes detailed video tutorials on centralized exchanges, software wallets, hardware wallets ( Ledger Flex setup tutorial with transactions), and essential best practices. The program is accessible from the header or the link above. The program also provides an in-depth understanding of the monetary system, Bitcoin , and more advanced financial concepts.
It includes detailed video tutorials on centralized exchanges, software wallets, hardware wallets ( Ledger Flex setup tutorial with transactions), and essential best practices. The program is accessible from the header or the link above. The program also provides an in-depth understanding of the monetary system, Bitcoin , and more advanced financial concepts.
Our full review of the Ledger range
The L edger Nano X is a hardware portfolio , the first in the range to offer Bluetooth connectivity.
The L edger Nano S Plus remains an option for those looking for an affordable wallet, but it is less flexible than the Nano X because of the wired connection.
For more intuitive navigation, choose a touchscreen model like the Nano Gen5, Flex, or Stax. The main difference between the three is the screen size.
In summary, Ledger remains a leading solution for securing digital assets by leveraging a broad ecosystem. To directly compare Ledger to its main competitor Trezor , we invite you to read our Ledger vs. Trezor comparison .
Conclusion
Ledger 's range offers good offline security, extensive compatibility with over 15,000 cryptocurrencies, and full integration via the Ledger Wallet app .
Touchscreen models offer added comfort and advanced features.
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Yoann
Trained as an engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future, I am participating in its democratization by developing Crypternon.