Best Ledger Nano X Alternatives – Hardware Wallets Better Than Ledger

Q: IS THE LEDGER SAFER THAN COINBASE❓

Yes, Ledger is safer than Coinbase . This is mainly because it is a cold wallet while Coinbase is a hot wallet. Therefore, it is less likely to be hacked due to fewer attack vectors.

Petar Jovanović

June 10, 2023

In the ever-evolving world of cryptocurrency, security is paramount. As such, hardware wallets like Ledger have become a staple for crypto enthusiasts. However, technology never ceases to advance, constantly offering us new alternatives to established norms. T

his article delves into the realm of Ledger alternatives, providing you with a comprehensive guide to some of the best options available if you’re seeking an alternative to Ledger.

From the inception of the first Ledger wallet in 2014, the crypto landscape has seen a surge in the development of hardware wallets, each offering unique features and security measures. While Ledger has set a standard in the industry, it’s not the only reputable name in crypto security. This piece will introduce you to a variety of Ledger wallet alternatives, helping you make an informed decision if you have reservations about Ledger or simply crave more variety in your choice of hardware wallets.

Read also: How good is the latest Ledger Nano S Plus? Check out our review and also direct comparison of Nano S Plus vs Nano S / Nano S Plus vs Nano X.

What you'll learn 👉

QUICK SUMMARY – WHAT ARE THE BEST LEDGER ALTERNATIVES?

Wallet	Company	Price	Security	Connectivity
Ledger Stax	Ledger	$279	Two-factor authentication, a secure element chip, anti-tampering technology, and secure Bluetooth connectivity	Touch-screen interface, and supports over 5,000 coins and tokens through the Ledger Live app
Trezor T	Trezor	$170	Air-gapped from all internet connections, Shamir Backups, two-factor authentication, user-created PIN, Passphrase feature, Ultrasonic welding, self-destruct mechanism in its bootloader function	USB cable
Coolwallet Pro	CoolBitX	$149	Advanced security features of a cold wallet, connectivity and staking options	Connected to Android or iOS devices via Bluetooth on its mobile app
SecuX V20	SecuX Technology Inc.	$138	EAL5+ certified and possesses an AES-256 Bluetooth secure connection	Bigger screen and in-built browser through which you can access various DApps on mobile or browser
Coldcard	Coinkite	$130	Offline transactions, Duress pin, brick PIN, and a manual self-destruct button	Air-gapped, with offline transactions due to its support of the BIP174 model
KeepKey	ShapeShift	$79	USB through an encrypted network to prevent hacker penetrability, standard 12-word recovery phrase, and passphrase feature	USB cable
Zengo	Zengo	Free	Facial recognition instead of private keys	Software

WHAT IS LEDGER NANO X/S?

The two forerunners in the Ledger wallet franchise are the Ledger Nano X and Nano S wallets. What is the difference between the two?

The Nano X wallet is a cold wallet built to be resilient as it provides security against breaches by hackers. Being a cold wallet means that it is completely air-gapped from the internet and leaves no space for penetration attacks. Apart from being air-gapped, it is also EAL5+ verified. This simply means it is as secure as Visa and Mastercard cards.

On top of that, the Nano X wallet has also been verified by a reputable cybersecurity firm in France, ANSII. Also, it offers connectivity options utilizing partnerships with exchanges like Coinify, Changelly, etc.

The Nano S wallet has the same security features as the Nano X wallet but falls short in terms of connectivity features like BlueTooth and a smaller range of crypto assets supported. Another advantage the Nano X wallet has over its sibling is that it comes with a 100mAH battery which makes it easier to transact with it on the go. That is why it goes for about half of the price of the Nano X wallet.

Now that you have an idea of what the Ledger Nano wallets are all about let us discuss the alternatives to the wallets.

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Ledger Stax

The Ledger Stax is a new crypto wallet from Ledger that is designed for hardcore on-chain users. The device has a touch-screen interface and supports over 5,000 coins and tokens through the Ledger Live app. It is also compatible with Ethereum and Polygon based NFTs. The wallet comes with a suite of security features, including two-factor authentication, a secure element chip, anti-tampering technology, and secure Bluetooth connectivity. It is currently priced at $279. The device will be available for delivery by March 2023.

Read the full review of Ledger Stax here.

TREZOR T

This is likely what comes to mind first when thinking of an alternative to Ledger wallets. This is because both were introduced around the same time and have maintained similar standards regarding crypto asset security. Let’s discuss some of the characteristics of the wallet now.

Like Ledger, the Trezor wallet franchise comes with two leading wallets, the Trezor One and the Trezor T. The Trezor T is the most recent, being introduced in 2018 and featuring better technological advancements than the Trezor One model. It is also a hardware wallet, air-gapped from all internet connections, making it a safe option to store your cryptocurrencies.

In addition to being air-gapped, the Trezor T wallet also integrates more security protocols like the use of Shamir Backups, two-factor authentication, user-created PIN, Passphrase feature, Ultrasonic welding, self-destruct mechanism in its bootloader function, among others. This and many more features contribute to it being more expensive than the Ledger Nano X. You could get the Nano X for around $119, while you would need about $170 to purchase the Trezor Model T.

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COOLWALLET PRO

Like the Ledger Nano X and Trezor T models, the Coolwallet pro is the most advanced in a duo of two wallets produced by the same company. It was released in May 2021 by a Taiwanese company, CoolBitX, and offered more technological advancements than its predecessor, the Coolwallet S.

Shaped like a bank card, the Coolwallet Pro offers the advanced security features of a cold wallet together with connectivity and staking options. Even though it only supports Polkadot, Cosmos, and Tron for staking, plans are on the ground to include more coins.

The wallet comes in a package that includes the wallet itself, a USB charging dock and cable, two recovery seed cards, and a user manual. It goes for $149, supports a limited number of coins, and can be connected to Android or iOS devices via BlueTooth on its mobile app.

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SECUX V20

The SecuX V20 is the best in a series of three wallets developed by SecuX Technology Inc., a Taiwanese company launched in 2018. The wallet is Sturdy-looking and is unarguably one of the biggest hardware wallets in the market.

Like the Ledger Nano wallets, SecuX wallet is EAL5+ certified and possesses an AES-256 BlueTooth secure connection. Thus it rightly is one of the most secure hardware wallets there is. Also, it bests the Nano X in many ways. For example, it has a strong battery of 600 mAH power compared to the Nano X, which only has a 100 mAH battery. Also, it has a bigger screen and has an in-built browser through which you can access various DApps on mobile or browser.

Lastly, Secux has a hidden wallet feature through which you can misdirect intruders if they want to open your wallet forcibly. However, it is slightly more expensive than the Nano X, going for $138 when this article was written.

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COLDCARD

Like the SecuX V20, the Coldcard wallet is on the bulkier side in a list of hardware wallets. It comes designed as a calculator, completely air-gapped from the internet, and with many juicy security features.

For starters, Coldcard is entirely air-gapped, with offline transactions due to its support of the BIP174 model. Also, it has a Duress pin which redirects intruders to a secondary wallet if you’re forced to open your wallet; a brick PIN, which when entered destroys the device and renders it unusable; as well as a manual self-destruct button which is easy to find on the wallet.

The major drags of Coldcard are its bulkiness and the fact that it only supports Bitcoin and no other crypto. If you don’t mind all that, you can purchase this wallet at their website for about $130.

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KEEPKEY

The KeepKey wallet is one of the cheapest hardware wallets in the markets right now. It goes for about 79 dollars and still comes with the security features that make hardware wallets appealing. KeepKey also comes in a sleek and portable design and can be connected to a computer via USB through an encrypted network to prevent hacker penetrability.

Even though KeepKey supports a fewer range of cryptocurrencies than Ledger Nano X(about 40 at last count), it still holds its ground when it comes to securing the crypto assets under its domain. For example, it provides a passphrase as an addition to the standard 12-word recovery phrase; this feature is optional but recommended as it helps bolster the security of users’ funds. Also, no transaction is approved without first entering the PIN created during the installation of KeepKey.

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ZENGO

This may be a surprise addition to the list seeing that it is a hot wallet and cold wallets are the topics of discussion here. However, even though it is a hot wallet, Zengo stands apart because of its use of facial recognition instead of private keys. This means that unless a hacker has your identical face, he is helpless in the face of your Zengo wallet.

Being a hot wallet, the Zengo wallet comes free of charge; the only fees you have to pay are network fees for miners. The wallet also stands out in its offer of staking rewards for holding Bitcoin. Thus, if you let your Bitcoins sit in the wallet, they are not just sitting idle; you still get staking interest on them.

Overall, Zengo is one of the safest hot wallets around. It comes as no surprise, then, that the company behind the wallet successfully raised about $20 Million in a funding round led by Insight Partners on April 27, 2021.

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FREQUENTLY ASKED QUESTIONS

IS THE LEDGER NANO S OBSOLETE❓

The answer is a definite NO. This is because the Nano S wallet still offers the same security features as its more expensive sibling. The differences between the two come more in terms of connectivity and accessibility than security. Thus, for retail traders who want a secure place to store their coins and don’t have much to spend, the Nano S is a good bet.

CAN LEDGER NANO FAIL❓

Yes, it can fail. Sometimes that happens with hardware wallets; it may be a factory issue or something else. However, if that happens, you are covered by a warranty. Even if you’re not, your assets are safe. You simply have to import them into another wallet

IS THE LEDGER SAFER THAN COINBASE❓

Yes, Ledger is safer than Coinbase. This is mainly because it is a cold wallet while Coinbase is a hot wallet. Therefore, it is less likely to be hacked due to fewer attack vectors.

CAN A LEDGER WALLET BE HACKED❓

Last year(July 2020), Ledger was indeed hacked. Even though it was only the database that was affected and no crypto assets were lost, it still shows that there is no ‘Almighty’ when it comes to crypto-asset security.