Ledger Wallet Review 2024
Minimum
deposit:
  • $1

Trading platform:

  • Proprietary platform
  • web and mobile versions
  • hardware wallet

Ledger Wallet Review 2024

Updated:
Updated: October 06, 2023
Your capital is at risk.

4.92

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum
deposit:
  • $1

Trading platform:

  • Proprietary platform
  • web and mobile versions
  • hardware wallet
Trading features:
  • You need the exchange hardware wallet to trade

Summary of Ledger Wallet Crypto Exchange

Ledger Wallet is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.92 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 ranks 30 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.

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.

NOTE!

If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.

Traders Union experts recommend considering Top 3 companies from our rating:

Start Trading with RoboForex
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Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

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.

💰 Account currency: XBT
🚀 Minimum deposit: $1
⚖️ Leverage: No
💱 Spread: Market
🔧 Instruments: 27 cryptocurrencies, 1500 tokens, sale and purchase for US dollars
💹 Margin Call / Stop Out: No

👍 Advantages of trading with Ledger 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.

👎 Disadvantages of Ledger Wallet:

  • 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.

Evaluation of the most influential parameters of Ledger Wallet

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

4.19

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

6.95

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

6.73

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

6.89

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

7.25

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

7.47

/10

NOTE!

Do not miss a chance to get additional monthly bonuses and payouts for trading at Ledger Wallet cryptocurrency exchange.

Login preview

Enter the referral code when you register on the website or Ledger Wallet app.

84fae5cdcfb1

Login preview

*TU may receive partnership reward for registration of the client on the company’s website on a referral link.

Your capital is at risk.

Geographic Distribution of Ledger Wallet Traders

Popularity in

30.7%
US
United States
8.8%
IN
India
8.4%
CA
Canada
8.1%
AU
Australia
6.6%
JP
Japan
5.8%
KR
Korea, Republic of
4.4%
IR
Iran
3.9%
TR
Turkey
3.7%
AR
Argentina
39.6%
Others
Others

Video Review of Ledger Wallet i

User Satisfaction i

19 comments
Total score:
6 /10

Share your experience

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Nuski88
10 weeks ago

I regret to say that my experience with Ledger was highly disappointing. The customer support was practically non-existent, leaving me feeling abandoned when I encountered issues. Furthermore, the lack of transparency regarding fees and the occasional glitches only added to the headache. Overall, I would strongly advise against using Ledger for your crypto trading needs.

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AlbertJash
1 year ago

There are a lot of reviews about Ledger on the Internet, and I came across only negative ones. People write that there are problems with withdrawing money. Of course, I do not want to check whether this is true or not ...

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PhilMn
1 year ago

I do not recommend this exchange for buying crypto. This company will not guarantee the safety of your assets. She can't guarantee anything at all. Everything is very muddy here.

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MichaelEi
2 years ago

The main advantage of LedgerWallet is reliability. Have you ever seen an exchange that makes it a requirement to have a Ledger Nano hardware wallet? Here I am no. And LedgerWallet seems to care about keeping customer assets safe. Otherwise, the exchange is available: a deposit from $1, leverage 1:1, so it’s just right for beginners. For risky pros, it is hardly suitable. Yes, and there are only 27 cryptocurrencies. Although there are about 1500 tokens. So the question is what do you like to trade more. By the way, I know that LedgerWallet has a Bounty program: you get a reward for finding problems in the system. So the exchange improves the technical part, security. Cool.

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vira
2 years ago

I have been using Ledger for a long time and even thinking about establishing cooperation. I have several wallets and I can say that it is not the second to none option, of course, but not bad either. It will be great for newbies in general because the interface is convenient and simple. If you are a professional, then it is better to buy several models because there are not enough available currencies. If we talk about reliability and functionality, then everything is fine; and no problems arise during use. The exchange is also lightning-fast, you can work with multiple accounts and track the transaction ID. For me, Ledger is currently the premier crypto exchange.

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liteleto
3 years ago

I found the Ledger website 3 weeks ago, but despite this, I browse it constantly, because the information is up to the minute, and the news is on point and without any wasted words. My daughter also started trading, and I advised her to visit the Block School, where the information is presented very clearly and free of charge. She is overjoyed, because I could not properly explain the information to her, and here she began to apply the tasks and learn the ins and outs. I've bought several Ledger wallets and they all work smoothly. The only nuance that can be a real problem for a beginner is the first replenishment of currency. But you can figure it out, you just need to carefully read the instructions. And then it will be convenient and simple to use.

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maja30
3 years ago

Ledger is a site that I use most of all, no cap. I started making money on cryptocurrency precisely because of the expertise I got here. The feed always contains news on the case and with all the important links. You can also take a quality training course. Information is presented in a comprehensive manner and with examples. I think I'll set aside some money and buy a wallet soon. Since safety is paramount, I can’t rely on my smartphone and its security.

Expert Review of Ledger Wallet

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.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of Ledger Wallet’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets, and Products of the Crypto Exchange

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.

Important!

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.

Trading Conditions for Ledger Wallet Users

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.

$1

Minimum
deposit

1:1

Leverage

24/7

Support

💻 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
💱 Spread: 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
Your capital is at risk.

Broker comparison table of trading instruments

Ledger Wallet Bybit OKX XT.com CoinEx LATOKEN
Forex No No No No No No
Metalls No No No No No No
Crypto Yes Yes Yes Yes Yes Yes
CFD No No No No No No
Indexes No No No No No No
Stock No No No No No No
ETF No No No No No No
Options No No No No No No

Ledger Wallet Commissions & Fees

Information
Ledger Wallet doesn’t charge fees for deposits and withdrawals, or transfers between its wallets and the wallets of other users. The commission is charged only for purchase and sale transactions. There is no fixed commission indicator, it is calculated individually, based on the cryptocurrency used, the type of transaction, and the volume.
Account type Spread (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
Ledger Wallet $0.1 Low
Bybit $20 High
Bitfinex $0.1 Medium
Logo Ledger Wallet
$0.1
$20
$0.1

Contacts

Foundation date 2014
Registration address 1 rue du mail, 75002, Paris, France
Official site
Contacts
Your capital is at risk.
Disclaimer:

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.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
Ledger Wallet Review Ledger Wallet Review

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FAQs

Do reviews by traders influence the Ledger Wallet rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Ledger Wallet you need to go to the broker's profile.

How to leave a review about Ledger Wallet on the Traders Union website?

To leave a review about Ledger Wallet, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Ledger Wallet on a non-Traders Union client?

Anyone can leave feedback about Ledger Wallet on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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