Best Ledger Wallet? [Nano X, S+, Flex, or Stax]
FULL TRANSCRIPT
Four wallets, four designs, four price
tags. Which Ledger wallet is right for
you? Maybe you're thinking about
upgrading from your old Ledger wallet,
or maybe this is your first one ever.
Either way, what actually sets these
devices apart, and which one is best for
you? Well, fortunately, I own them all,
but they're not all created equally.
Let's kick things off with a little bit
of a lightning round because there are
four things you need to know before you
decide which Ledger wallet is best for
you. Number one, all of these devices
are equally secure. They all use
Ledger's custom operating system and
securement chip, which is a custom
component that keeps the keys to your
wallet secure. So, if you're just
looking for the most secure wallet and
don't care much about anything else,
then the most affordable option might be
the best choice for you. That is, unless
you consider number two, how are you
actually going to use your wallet? And I
know it's a bit of a vague question, but
it's an important question to ensure
that you don't overspend. And number
three, how many blockchain networks do
you plan to interact with? Because the
more blockchains you interact with, the
more storage your wallet is going to
need. Why? Because every time you use a
new network, you'll need to install a
new app on your Ledger device. And yeah,
those apps take up some space. So, if
you're just into Bitcoin or Ethereum,
you can get away with less storage, but
if you're dabbling in a bunch of chains,
you might want to get extra storage. And
don't worry, I'll touch more on this
storage thing a little later. And number
four, how much do you want to spend?
Ledger wallets range all the way from
$79 up to $400 depending on the features
you're after. That said, no matter which
one you go with, my link in the
description will get you free Bitcoin
when you buy your Ledger wallet. Don't
miss out on free money. So yeah, that's
my lightning round of four things you
need to know. Now, let's talk about the
lineup and answer the big question.
Which wallet is best for you? So, you
have four Ledger wallets to choose from
here. There's the entry-level Nano S+,
the slightly more advanced Nano X, the
mid-range Ledger Flex with a
touchscreen, and Ledger's flagship, the
Stacks, with a firstofits-kind curved
touchcreen. And starting at the bottom
with the cheapest, this is the Nano S+.
This is actually one of the cheapest
coal wallets on the entire market. But
that doesn't mean it's not good. In
fact, it's great. It has one job, to
protect your crypto, and it does that
well. But it is a very basic device. It
has a 1.09 09 in monochrome OLED screen
and then it has these two buttons on top
to navigate the entire device. Now,
don't get me wrong, the screen and
buttons get the job done. But when it
comes to things like entering your seat
phrase or reviewing transaction details,
there just not a lot of screen real
estate to work with. So, if you've got
2060 vision like me, that screen might
feel a little meh. That said, its
simplicity is also what makes it so
great. First off, this is Ledger's
smallest device, so when you fold it
close, it looks like a USB stick,
meaning it's extremely discreet. It also
doesn't have a battery in it, so you
don't have to worry about the battery
ever crapping out on you, whereas with
any other device with a battery, it's
bound to fail eventually. Of course, no
battery has its downsides, too. You can
only use the Nano Plus when it's plugged
into your computer. And speaking of
devices, it's also the only Ledger
wallet that doesn't work with iOS. It is
compatible with Windows, Mac, Linux, and
Android, but not iPhones. Another reason
why I consider the Nano Plus the least
mobile friendly of the Ledger lineup is
because it doesn't have Bluetooth. So
again, you're tied down by that USBC
cable. You need it to both power and
manage this wallet. But even though the
S+ falls short in terms of usability,
it's just as secure as all the other
Ledger wallet models. Just like Ledger's
flagship, the STAX, it uses an EAL6 plus
secure element chip to protect your
keys, which by the way is the most
secure chip you'll find in any hardware
wallet right now. Now, what I'm about to
talk about next is pretty nerdy, but
it's actually super important when it
comes to security. Ledger uses a secure
screen on all its devices, including the
S+. And Ledger is the only hardware
wallet manufacturer that does this. But
what is a secure screen, and why does it
matter? Okay, here comes the nerdy part.
Most hardware wallets with the screen,
except for Ledger, use two separate
chips. A secure element chip to store
your wallet's keys and a microcontroller
unit or an MCU, which handles the more
general stuff like running the screen
and managing the user interface. The
problem with this is that an MCU is not
a secure chip. It's the same kind of
chip that's used in TV remotes and
toasters. And since it controls the
screen, that opens up a real risk. a
hacker could potentially alter what you
see, like making it look like you're
sending crypto to one address when in
reality you're sending it somewhere
else. Now, this is somewhat unlikely
because the hacker would need to get
their hands on your wallet, but it is
still technically a risk, and I know how
paranoid you crypto people are. I've
been watching you. But Ledger secure
screen eliminates this risk by
eliminating the MCU chip altogether. So,
in simple terms, this makes all Ledger
devices extremely resistant to both
remote and physical attacks. So, if you
don't need Bluetooth or a battery and
you don't mind plugging in your wallet
to use it, but you want something
affordable and secure, the Nano S+ will
get the job done. Next up, we have the
Nano X. Now, at first glance, it doesn't
look like a huge upgrade from the Nano
S+, but when it comes to usability, it
is a pretty big step up. First off, the
Nano X shares the same screen size as
the S+ despite the Nano X being a larger
overall device. It's also a similar
design as the S+ except the buttons are
on the front of the device rather than
the top. Personally, I prefer this
button placement over the S+, but
functionalitywise, they're the same.
Left button scrolls left, right button
scrolls right, and press both to
confirm. But hey, just like my mom used
to tell me when I was a kid, it's what's
on the inside that really counts. And
same is true for the Nano X. Unlike the
Nano S Plus, the Nano X has a
rechargeable lithium ion battery that
gives you around 8 hours of standby time
on a full charge or about 3 to 4 hours
of actual use. Plus, it has Bluetooth,
which means you can use the Nano X with
all of your favorite devices, including
your iPhone. No cables required. Aside
from that, the other key differences
between the S+ and the Nano X is the
chip and storage. The Nano X uses an EAL
5 plus secure element chip and gives you
about 2 megabytes of storage, which is
actually the most storage of any Ledger
wallet. The others, including the S+,
have 1.5 megabytes of storage. Now,
depending on which crypto apps you
install, 1.5 megabytes is good enough
for about 15 to 30 apps. The extra half
a megabyte on the Nano X gives you room
for about 10 more, give or take. And
again, it really depends on which crypto
apps you're downloading. That said, I've
never personally ran out of storage on
any of my Ledger wallets, but if you are
someone who is interacting with a ton of
different blockchains, you might want
the extra storage, but in my experience,
it is not required. And just to be
clear, this doesn't mean that the Ledger
Nano X is any less secure than the other
Ledger models. Both EAL5 Plus and EAL 6
Plus chips go through rigorous
thirdparty testing to meet high security
standards, so you still get top tier
protection either way. But if you're
torn between the S+ and the Nano X, the
deciding factor really comes down to
usability. If you want a wallet that
works with both mobile and desktop
devices, and you don't want to be tied
to a cable every time you use it, then
the Nano X is the one you want. All
right, this is where things get a bit
more interesting. Meet Ledger's newest
edition, the Ledger Flex. And this
happens to be my personal favorite. Not
only did the Flex get a full design
makeover, but the overall experience is
way more userfriendly, just the ease of
use of entering my passcode alone made
it worth the upgrade from my Nano X. I
mean, just look at the difference in
screen size. The Flex has a 2.8 in
touchscreen, which is nearly four times
bigger corner to corner than the Nano
models. But size isn't the only thing.
You've probably noticed the screen looks
a bit different, too. That's because a
Flex uses an e- in screen similar to the
ones you'd find on a Kindle. And
honestly, there's a lot I like about
this type of screen. It's anti-glare, so
it's super easy to read, even in bright
light. Plus, it uses way less battery
power than the OLED screens. So, you get
up to 10 hours of actual use on a full
charge. And just to put that into
perspective, I've owned my Flex for a
little over 7 months now, and I think
I've only charged it once. But there is
one downside. The screen doesn't have a
backlight. So, if you're trying to use
your Flex in the dark, yeah, that's not
going to happen. Just like the Nano X,
the Flex comes with both a USBC port and
Bluetooth, but it also has something
you'll find only on the Flex and Stacks
models, NFC or nearfield communication.
That's the same tech your phone uses to
tap and pay at stores. But on the Flex,
NFC is used to communicate with your
phone. And here's why that matters. The
Flex isn't just a hardware wallet. It
also works as a pass key to FA device to
secure your other online accounts like
crypto exchanges, social media, and
email using Ledger Security Key app. So
instead of having to buy a separate
device like a UB key, you can use the
Flex to secure both your crypto and your
online life all in one device. Now to be
fair, all Ledger wallets can be used as
a pass key device, but only the Flex and
Stacks give you the convenience of
tapping to log into your online accounts
thanks to their NFC capabilities. With
the Nano models, you'll need to plug
them in anytime you want to use the pass
key feature. If you want to learn how to
use your Ledger wallet as a pass key,
I've got a full video breaking it down,
and I'll make sure to link that down in
the description below. But beyond the
larger touchscreen, the more efficient
battery, and its NFC capabilities, the
Flex is just more enjoyable to use. The
touchscreen makes entering info way
faster, and it's a lot easier to review
transaction details without squinting or
scrolling endlessly. So, if you're after
the most enjoyable user experience
without the premium price tag, the
Ledger Flex is going to be your best
bet. Last, but not least, we're almost
there, I promise. Ledger's flagship
model, the Ledger Stacks. From what I've
seen, a lot of people have a hard time
telling the difference between the Flex
and the Stacks. And that's important to
understand, especially since the Stacks
costs about $150 more than the Flex. The
most obvious difference is the screen.
The STAX also uses an e-ing screen, but
this one is different. It's the first
ever curved organic plastic e-ing
touchscreen designed by Tony Fidel, the
same guy who created the original iPod.
The screen on the Stacks is also nearly
an inch bigger than the Flex, coming in
at 3.7 in. Now, aside from the size, the
plastic screen on the Stacks is mostly a
coolness factor. It doesn't work any
better or worse than the glass screen on
the Flex. If anything, the plastic might
be a bit more durable, but honestly,
I've had zero durability issues with
either device. And aside from the
design, the only real difference between
the Stacks and the Flex is that the
Stack supports wireless charging. But
heads up, it doesn't come with a
wireless charger. So, yeah. So, if the
larger one-of-a-kind eating touchscreen
and coolness factor is worth an extra
$150 to you, I say go for it. Otherwise,
if you just want a wallet that's easy to
use, enjoyable, and doesn't break the
bank, the Flex is more than enough in my
experience. And no matter which Ledger
wallet you use, you can feel confident
knowing that millions of crypto
investors trust these devices to secure
their assets, and Ledger wallets have
never been hacked. And get this, even
other wallet manufacturers rely on
Ledger's own security team to test their
products and make sure that they meet
industry standards. But if you're still
unsure, check out my in-depth reviews in
these next videos. I'll see you over
there. God bless. Peace out.
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