Costs, licensing, consumer protection Privacy, self-custody, censorship resistance

Ledger Nano X

A plan byLedger

4.5/5 4.4/5 · Data verified on

Ledger is the world's most popular hardware wallet maker: cold-storage devices with a certified secure element (EAL5+/EAL6+) where private keys never leave the chip. The range spans the Nano S Plus (≈€79), the Bluetooth Nano X (≈€149), up to the touchscreen Flex (≈€249) and Stax (≈€399), all managed through the Ledger Live app supporting thousands of assets across 100+ blockchains. A contentious point for the cypherpunk community: firmware and secure element are closed-source, and in 2023 the optional Ledger Recover service raised concerns about seed extraction.

Nano X

Price
€149

What's included

  • Bluetooth (mobile use)
  • Built-in battery
  • OLED screen
Self-custody
Custody
Partly open-source
Source code
100+
Chains
€79
Price
75
Transparency: High
75/100 · see methodology
75
Data exposure: High
75/100 · lower is better for sovereignty · methodology

Data & conditions

Fund custody Self-custody (funds in your control)
Type Hardware (cold storage)
Source code Partly open-source
Recovery Seed phrase 24 parole (BIP-39); opz. Ledger Recover (Shamir)
Bitcoin-only No
Supported chains Bitcoin, Ethereum, Solana, Polkadot, Cardano, Cosmos
Price €79
Secure element Yes
Air-gapped No
Connectivity USB-C, Bluetooth, NFC
Companion app Ledger Live
Built-in swap Yes
Built-in staking Yes
Built-in fiat on-ramp Yes
Security audits ANSSI (CSPN), Donjon (internal red team)
Segment B2C
MiCA / License status Nessuna (hardware wallet self-custody)

Strengths

  • Certified secure element (EAL5+/EAL6+); support for thousands of assets; range from €79 to €399; mature Ledger Live app.
  • Self-custody: funds stay in your wallet — the platform cannot touch them.
  • No KYC: usable without identity verification.
  • Self-hostable: you can run your own instance or node.
  • Public security audits.

Weaknesses

  • Closed-source firmware and secure element; Ledger Recover controversy (2023); USB/Bluetooth connection, not air-gapped.
  • No notable sovereignty drawback documented.

Verdict

S A ★ 4.5/5 ★ 4.4/5

Score 4.5/5, outstanding profile. In its favour: certified secure element (EAL5+/EAL6+); support for thousands of assets; range from €79 to €399; mature Ledger Live app. The trade-off to weigh: closed-source firmware and secure element; Ledger Recover controversy (2023); USB/Bluetooth connection, not air-gapped.

On the Sovereignty lens the score is 4.4/5 (very strong): the strength is fund control (5.0/5), while trustless / auditability (3.8/5) is the weak link.

Privacy & anonymity 30% 4.3
Fund control 20% 5.0
Censorship resistance 20% 4.8
Trustless / auditability 20% 3.8

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.

FAQ

How much does a Ledger cost?

The entry-level Nano S Plus costs about €79. The Bluetooth Nano X about €149, the touchscreen Flex about €249, and the flagship Stax about €399.

Is Ledger open source?

Only partly: the apps and part of the software stack are public, but the firmware and the secure element are closed-source. That's why we classify it as partially open-source.

Can private keys ever leave a Ledger device?

Under normal use no: they stay inside the secure element. The optional Ledger Recover service, introduced in 2023 and off by default, can export an encrypted, split version of the seed to third-party providers, which is what drew criticism.

Sources

Update history

✓ Terms unchanged since Jun 20, 2026

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