Ledger Wallet Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- web and mobile versions
- hardware wallet
- You need the exchange hardware wallet to trade
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- web and mobile versions
- hardware wallet
- You need the exchange hardware wallet to trade
Our Evaluation of Ledger Wallet
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Ledger Wallet is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.84 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Ledger Wallet clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Ledger Wallet is a new generation progressive exchange that allows you to accumulate almost all cryptocurrencies on a single platform. There are no restrictions on trading, converting, or exchanging. The application is extremely functional and well-protected from fraudsters, thanks to hardware wallets.
Brief Look at Ledger Wallet
The Ledger Wallet exchange for cryptocurrencies is a complex portal designed to trade and store cryptocurrencies. The website includes a multi-platform stock exchange application called Ledger Live and two hardware wallets—Ledger Nano X and Ledger Nano S. For trading on the exchange, hardware wallets are required, they are synchronized with an application that can be installed on a PC or smartphone. The cryptocurrency exchange presents contracts for 27 cryptocurrencies and 1,500 tokens. The most popular cryptocurrencies traded on the exchange are Bitcoin, Ethereum, Litecoin, Ripple, and BitcoinCash. Cryptocurrency can be stored in a wallet in the Ledger Wallet app or in your third-party wallet.
- You can trade the most popular cryptocurrencies and their tokens on this exchange;
- no restrictions on the deposit or withdrawal funds and you can use your wallet;
- high activity on the exchange and a large volume of transactions;
- own training programs and regular market analytics;
- unique developments in the field of hardware cryptocurrency-wallets;
- convenient Ledger Live application with simple functionality;
- Polkadot integrated zero-level blockchain.
- the website and software are not localized into other languages, the interface is available only in English;
- technical support is also only in English;
- the usage of Ledger Nano hardware wallets is required; you can operate on the exchange only in this way.
TU Expert Advice
Financial expert and analyst at Traders Union
hardware wallets. You have to buy wallets only once and there are no monthly usage fees. They are synchronized with mobile and stationary devices running any OS.
Trading on the exchange is carried out through its application. The wallet is needed to activate trading and perform some functions that ensure the funds’ protection. For example, a hardware wallet is required to confirm transactions. This means that any external influence is excluded. Even if another person gains access to your smartphone, he will not be able to buy or sell anything.
Despite its functional simplicity, the Ledger Live app provides a world of possibilities and is constantly being improved. It is possible, for example, to stake your own tokens on the Algorand blockchain in the latest version. The app previously supported Tron, Cosmos, and Tezos staking. With the recently introduced Coin Control feature, users can choose which unspent transaction outputs (UTXO) they want to spend.
Ledger Wallet Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary platform, web and mobile versions, plus hardware wallet |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | XBT |
| 💵 Replenishment / Withdrawal: | Visa, Mastercard, American Express, Bitpay, and Paypal |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | 27 cryptocurrencies, 1500 tokens, sale and purchase for US dollars |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | n/a |
| ⭐ Trading features: | You need the exchange hardware wallet to trade |
| 🎁 Contests and bonuses: | n/a |
Please note that Ledger Wallet doesn’t indicate transaction fees. You can find out the commission only in the application before the transaction. The commission depends on the cryptocurrency and the transaction size. In general, experts admit that Ledger Wallet has profitable fees. We suggest you independently evaluate the trading conditions of this cryptocurrency exchange using the data from the table below.
Share your experience
- Best
- Last
- Oldest
Commissions and fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | From 0.1% | No |
To put that into perspective, Traders Union experts analyzed the average commissions of other similar cryptocurrency exchanges. You can compare trading terms for Ledger Wallet, Bybit, and Bitfinex fees in this table.
| Broker | Average commission | Level |
|---|---|---|
|
$0.1 | |
|
$20 | |
|
$0.1 |
Investment Options
Cryptocurrency exchange Ledger Wallet doesn’t offer investment solutions. The exchange functionality is focused strictly on generating income from the independent sale and purchase of the selected cryptocurrency. There is no passive earning options on this platform.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Ledger Wallet’s affiliate program:
Ledger Wallet has a standard affiliate program. You share your referral link with another user, he registers, and you get 10% from each sale. Regardless of the cryptocurrency that the referral uses, you receive payments in Bitcoins. The program is single-level.
The cryptocurrency exchange also has a Bounty program. This program is aimed at identifying and eliminating vulnerabilities in the system. To get a bonus:
accidentally or deliberately find a critical security vulnerability in the software or hardware wallet;
privately inform the developer about the vulnerability found, wait for verification;
if the vulnerability is deemed critical, you get an individual payment and you will make it into the Ledger Wallet “Hall of Fame”.
The standard reward on the Bounty program is 10 BTC. But higher payments to a specific user may depend on the level of the vulnerability detected. Web services can also participate in the program.
User Satisfaction