In the world of digital assets, security is one of the key factors determining an investor’s success and peace of mind. As the popularity of cryptocurrencies grows, so does the number of threats — from phishing attacks to malware capable of stealing your funds and information. That’s why choosing the right wallet is not just a matter of convenience but a necessity.
Hardware wallets remain the most reliable method for storing cryptocurrencies. They provide isolation of private keys from the internet and external environments, making them virtually unreachable for hackers. One of the most popular and reputable solutions on the market comes from the French company Ledger — a manufacturer trusted by millions of users around the world.
In this review, we will take a detailed look at what a Ledger hardware wallet is, which models are currently available, and what technologies they use to protect your assets. We will also discuss who might benefit most from using Ledger and which use cases are particularly relevant.
Official site: Ledger
What is Ledger?
Ledger is a French company founded in 2014 that has become a leader in creating hardware solutions for cryptocurrency storage. Its products are used worldwide — by private investors, professional traders, and even institutional clients. All Ledger devices use certified Secure Element chips, similar to those used in bank cards, and operate in tandem with the proprietary Ledger Live application.
Ledger Supports Over 5,500 Cryptocurrencies and Tokens, Including:
- Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Dogecoin (DOGE)
- Stablecoins: USDT, USDC, DAI, and others
- NFTs (supported via Ethereum, Polygon, and other networks)
- Tokens based on Ethereum (ERC-20), Binance Smart Chain (BEP-20), Solana (SPL), and more
- Various blockchains: Bitcoin, Ethereum, Cardano, Solana, Polkadot, Cosmos, Tezos, and many others
Thus, Ledger is suitable both for basic storage and for managing complex crypto portfolios.
Ledger Live Application
Ledger Live is a proprietary application available on Windows, macOS, Linux, Android, and iOS. It allows users to:
- Install and update cryptocurrency wallets on the device
- Track portfolio balance and value
- Send and receive cryptocurrencies
- Interact with NFTs
- Connect to DeFi and DApp applications via Ledger + MetaMask
The Ledger Live interface is intuitive, supports the Russian language, and includes built-in tips for beginners.
Step-by-Step Setup of Ledger: From Unboxing to Ready-to-Use
Setting up Ledger is a crucial step in ensuring the security of your funds. The manufacturer has made the procedure intuitive, but beginners may still find a step-by-step guide helpful.
Preparation
Inside the Ledger wallet box, you will find:
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The Ledger wallet itself (Nano S Plus, Nano X, Stax, Flex, or another model)
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A USB cable
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A connection instruction manual
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Cards for recording the seed phrase
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Stickers and/or accessories (depending on the package)
Make sure that the Ledger wallet packaging has not been tampered with and that the device shows no signs of prior use. Ledger devices are never shipped with a pre-set PIN code or a recorded recovery phrase — the presence of either is a sign of a counterfeit.
Step 1. Connecting and Launching
- Connect your Ledger device to a computer (via USB-C) or to a phone (if you have, for example, a Nano X).
- Go to the official website: ledger.com/start
- Download Ledger Live — the official application for managing your device.
Step 2. Setting Up a PIN Code
- The Ledger device will prompt you to choose a PIN code (4–8 digits).
- Input is done using the two physical buttons on the device.
- The PIN code is required every time you turn on the device.
Tip: Memorize your PIN. If you forget it and enter it incorrectly three times, the device will reset itself.
Step 3. Generating and Recording the Seed Phrase
- Ledger will generate 24 random words — this is your seed phrase, the key to all your cryptocurrencies.
- Write down the words in the exact sequence on the provided recovery sheet.
- Never store this phrase digitally — only in physical form!
Important! Losing your seed phrase = losing access to your funds. No one, including Ledger, will be able to recover your wallet.
Step 4. Verifying the Phrase and Finishing Setup
- The Ledger device will prompt you to select several words from your seed phrase to confirm that you recorded them correctly.
- After confirmation, the setup is complete.
You can now connect your Ledger to Ledger Live, install the necessary crypto wallets (Bitcoin, Ethereum, USDT, etc.), and use your configured Ledger wallet to store and transfer cryptocurrencies.
Overview of Current Ledger Models
Ledger Nano S Plus™
The Ledger Nano S Plus is an updated version of the classic Nano S. The device features expanded memory capacity, allowing you to install up to 100 applications simultaneously. It is equipped with a small monochrome screen and operated via two physical buttons.
The Ledger Nano S Plus does not have Bluetooth or a battery — it only works when connected to a computer or smartphone via USB-C. This makes it an ideal option for those who want the most secure “cold” storage of cryptocurrencies, without any internet connection.
Who It’s For: Beginners, long-term investors, and users who do not plan to frequently use the wallet on the go.
Ledger Nano X™
Ledger Nano X is a more advanced version of the Nano, designed for active users. The main difference is the built-in Bluetooth and battery. This allows you to connect the Ledger Nano X to your smartphone wirelessly and use it for daily cryptocurrency transactions and interaction with DeFi services. The memory capacity has also been increased, just like with the Ledger S Plus, up to 100 applications. It is operated with buttons and also features a monochrome OLED display. This is a great balance between reliability and mobility.
Who it’s suitable for: active users, traders, those who frequently work with cryptocurrency on the go, and value convenience.
Ledger Stax™
Ledger Stax is a premium model with an entirely new approach to design and interaction. Stax is equipped with a touch-sensitive, curved E Ink display, similar to an e-book screen. It not only shows the wallet interface but also allows for customization of the appearance — for example, you can upload your own image as the “cover.” Ledger Stax supports Bluetooth and NFC, has a battery, and can operate autonomously. This is not just a reliable wallet but also a stylish gadget designed for users who value design and comfort.
Who it’s suitable for: advanced users, NFT collectors, those who want a device with a unique interface and premium appearance.
Ledger Flex™
The latest innovation in the Ledger lineup. Ledger Flex is designed for maximum mobility and instant interaction with the Web3 space. Ledger Flex features a touch-sensitive E Ink display, supports Bluetooth and NFC, allowing for quick transaction signing, participation in DAO votes, or entering Web3 applications via Tap to Sign technology. Ledger Flex easily fits into your pocket or wallet and is designed to be the owner’s constant companion.
Who it’s suitable for: active Web3 participants, DAO users, NFT enthusiasts, those who want secure access to crypto assets always at hand.
How to use Ledger with other services
The Ledger hardware cryptocurrency wallet is not just a “USB drive for Bitcoin.” It is a full-fledged cryptocurrency safe that can be integrated with a wide range of external services — from DeFi platforms to NFT marketplaces and Web3 applications. The main advantage of the Ledger wallet is that you sign transactions directly on the device, never revealing your private keys, even when using browser wallets.
Integration with MetaMask
One of the most popular solutions is using Ledger with MetaMask. This is especially relevant for working with:
- DeFi protocols (Uniswap, Aave, Curve, etc.)
- NFT marketplaces (OpenSea, Blur)
- Web3 games and DAO tools
In this case, Ledger acts as a physical confirmation module. When you initiate a transaction through MetaMask, it will not be sent to the network until you physically confirm it on the Ledger device. This eliminates risks such as phishing, address replacement, malicious scripts, and extensions.
Example Use Case: Want to swap ETH for USDC via Uniswap? Simply connect your Ledger to your computer or smartphone, then in MetaMask, select the “Connect Hardware Wallet” option. Perform the swap — and only after confirming it on the Ledger will the transaction be sent to the blockchain. This not only offers convenience but also true control over your assets.
Support for Other Wallets and Interfaces
Ledger easily works with dozens of specialized interfaces and wallets, making it a versatile solution for users across different blockchain networks:
- MyEtherWallet (MEW) — for managing tokens and NFTs on the Ethereum network. You can connect Ledger and perform any actions, including creating multi-signatures and accessing ENS, all without the risk of key compromise.
- Keplr — a popular wallet for the Cosmos ecosystem, supporting networks like Osmosis, Secret Network, Juno, and more. Ledger enables you to confirm DAO votes and participate in staking.
- MyAlgo — a wallet for Algorand users. With Ledger, you can participate in ASA transactions and manage DeFi assets in the Algorand ecosystem.
- Solflare (for Solana), Yoroi (for Cardano), Rabby (MetaMask alternative for Web3) — all of these have built-in Ledger support.
Using a hardware wallet like Ledger with external services (hot wallets) gives you the best of both worlds:
- Convenience — you interact through a familiar interface.
- Security — keys never leave the device, and each transaction is manually confirmed.
Ledger serves as a bridge between secure storage and full participation in the crypto space. You can safely engage with DeFi, staking, NFTs, vote in DAOs, and even launch your own tokens — all without the risk of key leakage.
What is a Seed Phrase and How to Store It
A seed phrase is the foundation of any cryptocurrency wallet’s security. It is a list of 24 words generated by the device during the initial setup. Why is this important? The seed phrase is a private key in a readable form. Lost the device? Broken? Stolen? You can restore access on any Ledger or compatible wallet (such as Trezor, SafePal, Electrum, etc.) if you have the recovery phrase to access your cold wallet.
How to Properly Store a Seed Phrase
Write it down on paper and store it in a secure physical location (safe, bank vault). You can also use “metal plates” to protect the seed phrase:
- Cryptosteel
- Billfodl
- ColdTi
These options protect the seed phrase from fire, water, and physical damage.
How NOT to Store the Phrase
- Do not take a photo of the seed phrase.
- Do not store it in phone notes, Google Docs, or cloud services.
- Do not send it to yourself via email or messengers.
- Do not input the phrase anywhere except on the Ledger device!
Any copy of the phrase online = potential loss of all funds.
Access Recovery
If the device is lost/stolen:
- Purchase a new Ledger device.
- Select “Restore from seed phrase.”
- Enter the same 24 words — and your wallet will be fully restored.
Advantages of Ledger
| Advantage | Description |
| Highest Level of Security | Ledger stores private keys inside a secure chip. The keys never leave the device, even when using online services. To complete a transaction, the user must manually confirm it by pressing a button on the device. |
| Full Control Over Assets | You are the sole controller of your funds. Even if an exchange is hacked or your phone with the app is lost, your cryptocurrencies will remain safe, as long as the seed phrase has not been exposed. |
| Wide Token and Blockchain Support | Ledger regularly updates its list of supported assets. With integration into dozens of wallets and protocols, you can work with most popular DeFi apps and blockchains. |
| Mobility | The Bluetooth feature allows you to use the wallet with a mobile app without the need for a cable, making it convenient for travel or events. |
| Company Reliability | Ledger has been certified by ANSSI (French Cybersecurity Agency) and holds a reputation as an industry leader. |
Conclusion
Ledger is the gold standard of hardware wallets, combining high security, ease of use, and wide functionality. It is suitable for both beginners taking their first steps in cryptocurrency and experienced investors managing complex crypto portfolios. Ledger is ideal for those who:
- Store significant amounts of cryptocurrency and want to eliminate theft risks
- Use DeFi, NFTs, staking, and tokenization
- Invest in altcoins and low-cap blockchains
- Want full control over their assets, without relying on exchanges or intermediaries
If you want to sleep peacefully and be confident in the safety of your digital assets, investing in Ledger is a decision that will pay off.
