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Ledger hardware wallet

The most recommended of 4 cryptocurrency wallets

Recommended for keeping private keys on a secure element that never leaves the device; critics say it is easy to open, tamper-prone, and has a history of data leaks.

Recommended for keeping private keys on a secure element that never leaves the device; critics say it is easy to open, tamper-prone, and has a history of data leaks.

58 people gave an opinion

recommend it
11
criticize it
47
approval share
19%
Each figure is one person. RecommendsCriticizes

Recommended in 4 of 13 months

  1. November 2025: not recommended
  2. December 2025: not recommended
  3. January 2026: not recommended
  4. February 2026: recommended
  5. March 2026: not recommended
  6. April 2026: recommended
  7. May 2026: recommended
  8. June 2026: not recommended
  9. July 2026: not recommended
  10. August 2026: not recommended
  11. September 2026: not recommended
  12. October 2026: recommended
  13. November 2026: not recommended (month in progress)

Why it doesn’t carry the badge

  • 11 people recommend itNeeds 10 or more, met.
  • 0.2 recommenders for every criticNeeds 2 to 1 or better, not met.
  • Recommended in 4 of 13 monthsNeeds 4 or more, met.

The same three rules apply to every product, and the badge can’t be bought. How the badge works

What people say about it

The reasons people give, with the number of comments that give each one. Open a reason to read what they said.

Why people recommend it

Each mark is one comment

  • Seen as competent, security-focused vendor

    “They actually have a quite thorough hardware security model, outlining which components are and aren't considered critical”

    Comment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

    “I actually consider Ledger one of the more competent vendors in this space”

    Comment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

    “I consider Ledger to be relatively sophisticated”

    Comment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”
  • Private key never leaves device

    “Ledger devices are exactly what you’re describing: the key stays on the device, you don’t enter it anywhere.”

    Comment from 14 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

    “Ledger devices generate a private key internally, and it never leaves the device's secure element chip.”

    Comment from 14 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

What people warn about

Each mark is one comment

  • Easy to open and tamper with

    “It's stupidly easy to open the device. I opened mine last night with a knife and a hairdryer.”

    Comment from 14 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

    “The entire board is covered in test pads which make it super easy to solder dodgy stuff onto.”

    Comment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

    “Tamper proofing hardware is among the hardest things there are, especially if you are up against nation-state actors”

    Comment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”
  • Compromised devices reached store shelves

    “was selling these compromised devices on store shelves in every city in Germany”

    Comment from 13 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

    “People bought compromised devices from reputable sources and still lost all their buttcoins.”

    Comment from 30 Oct 2026 in “Binance-hacker-1029 – $5.6B stolen from Binance”

    “it explicitly warns that it cannot detect added implants when the device's original Secure Element remains intact.”

    Comment from 13 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”
  • Past customer data leaks

    “they've previously stockpiled customer data which leaked and lead sustained targeted attacks on their customers”

    Comment from 21 Oct 2026 in “Setting Up SSH Keys on macOS with Touch ID”

    “They've exposed their customers contacts in 2020, getting targeted phishing since then.”

    Comment from 8 Jan 2026 in “Ledger customers impacted by third-party Global-e data breach”
  • Weak against determined attackers

    “The fact that there is not even the slightest attempt at securing the device against this kind of attacks is entirely on the manufacturer.”

    Comment from 13 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

    “it highlights the abject failure of the company to even make an attempt at security”

    Comment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

    “older iphone with lockdown mode enabled has better security than any of these ledger wallets”

    Comment from 14 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

Other cryptocurrency wallets people recommend

The three most recommended other cryptocurrency wallets, with the same counts for each, so you can compare like for like. The tick on each bar marks the 2 to 1 line the badge needs.

Ledger hardware wallet compared with 3 alternatives
ProductRecommendCriticizeApprovalMonthsOwnedBadge
Ledger hardware walletThis page114719%4——
Trezor Safe 56460%2——
Cake Wallet5271%4——
Coldcard hardware wallet52020%3——
See all 4 cryptocurrency wallets, ranked

What people said

40 of the 66 comments that mention it, newest first. Each links to the original comment.

“People bought compromised devices from reputable sources and still lost all their buttcoins.”

CriticizesComment from 30 Oct 2026 in “Binance-hacker-1029 – $5.6B stolen from Binance”

“they've previously stockpiled customer data which leaked and lead sustained targeted attacks on their customers”

CriticizesComment from 21 Oct 2026 in “Setting Up SSH Keys on macOS with Touch ID”

“How would this have helped here? The attackers included the radio.”

MixedComment from 16 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“Potting the entire device for starters would have been the standard.”

CriticizesComment from 15 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“Ledger appears to have taken almost zero precautions against hardware attacks”

CriticizesComment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“Unfortunately it's just an option; would be nice to have that be the default.”

MixedComment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“older iphone with lockdown mode enabled has better security than any of these ledger wallets”

CriticizesComment from 14 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“I actually consider Ledger one of the more competent vendors in this space”

RecommendsComment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“They actually have a quite thorough hardware security model, outlining which components are and aren't considered critical”

RecommendsComment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“Ledger has a whole list of issues, they became the most popular brand not because they're the most trustworthy”

CriticizesComment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“If you ever go through TSA with this type of wallet they can read your key off the scanner.”

CriticizesComment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“I consider Ledger to be relatively sophisticated”

RecommendsComment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“I have no particular expertise in hardware security and even I would have made put more effort in.”

CriticizesComment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“there have been several crypto wallets that use much better hardware security”

CriticizesComment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“it highlights the abject failure of the company to even make an attempt at security”

CriticizesComment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“Tamper proofing hardware is among the hardest things there are, especially if you are up against nation-state actors”

CriticizesComment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“Didn't even consider being potentially able to replace the battery, but it would have been nice.”

MixedComment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“an untampered Ledger is still OK as long as you don't pair it with a compromised machine”

MixedComment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“putting everything on a single key HW device like this is the poster child”

CriticizesComment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“The entire board is covered in test pads which make it super easy to solder dodgy stuff onto.”

CriticizesComment from 14 Oct 2026 in “Who Is Planting Backdoors in Ledger Crypto Wallets?”

“Ledger devices generate a private key internally, and it never leaves the device's secure element chip.”

MixedComment from 14 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“It's stupidly easy to open the device. I opened mine last night with a knife and a hairdryer.”

CriticizesComment from 14 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“If Ledger designed their hardware the same, this attack would not be possible.”

CriticizesComment from 14 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“Well add "Ledger" to the pile of crypto companies that are finished.”

CriticizesComment from 14 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“Ledger devices are exactly what you’re describing: the key stays on the device, you don’t enter it anywhere.”

RecommendsComment from 14 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“Ledger is an obviously low-quality product on even a cursory inspection”

CriticizesComment from 13 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“You'd probably want to use diversity for this”

RecommendsComment from 13 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“Why would they put all this effort in protecting the key within the chip and then go ahead and leak it via the screen?”

CriticizesComment from 13 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“it explicitly warns that it cannot detect added implants when the device's original Secure Element remains intact.”

CriticizesComment from 13 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“This was stealing the seed phrases as they were being displayed so the user could make the paper backup”

CriticizesComment from 13 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“The fact that there is not even the slightest attempt at securing the device against this kind of attacks is entirely on the manufacturer.”

CriticizesComment from 13 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“was selling these compromised devices on store shelves in every city in Germany”

CriticizesComment from 13 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“people have been sold the lie that a hardware wallet was secure: it's not”

CriticizesComment from 13 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“the first three incidents make up a pretty bad security track record”

CriticizesComment from 12 Oct 2026 in “Ledger confirms spy chip implant behind wallet crypto thefts”

“have you thought about using something like ledger/beancount for the storage?”

RecommendsComment from 27 May 2026 in “Show HN: Fungible – A local personal finance app in the terminal”

“a local cost observability tool that scans local session files to track per-PR, runaway (p99) sessions, and per-session cost”

RecommendsComment from 14 May 2026 in “Claude Code cost observability to prevent tokenmaxxing”

“the "approved" entries seem much lower signal”

MixedComment from 21 Apr 2026 in “Your favorite brands got worse on purpose”

“It stores absolutely nothing.”

RecommendsComment from 11 Feb 2026 in “Show HN: Ledger – Yes, another blogging platform (but you own the database)”

“They've exposed their customers contacts in 2020, getting targeted phishing since then.”

CriticizesComment from 8 Jan 2026 in “Ledger customers impacted by third-party Global-e data breach”

“Ledger firmware updates are closed‑source binaries delivered from Ledger's servers.”

CriticizesComment from 28 Nov 2025 in “GrapheneOS Moving Out of France”

Counts come from 1,795,640 Hacker News comments, November 2025 to November 2026. How we count. Report a mistake.