Ledger Nano Gen5 Review (September 2026)
Verdict: Phone-first users who want a touchscreen and Bluetooth at a mid-range price.
Ledger Nano Gen5 (October 2025) is Ledger's newest Nano: a touchscreen, Bluetooth and NFC, and a certified secure element, managed with the Ledger Wallet app.
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Ledger Nano Gen5 specs
- Screen
- Touchscreen
- Connectivity
- USB-C, Bluetooth, NFC
- Secure element
- Yes (certified secure element)
- Firmware
- Closed source (secure-element apps)
- Bitcoin-only firmware
- Not offered
- Backup options
- 24-word recovery phrase; Ledger Recovery Key card included; optional paid Ledger Recover
- Released
- Oct 2025
- Assets
- 15,000+ assets (Ledger's claim)
See every current model side by side in our hardware wallet comparison.
Security
- Recovery phrase backup: yes
- PIN protection: yes
- Passphrase (25th word): yes
- Secure element chip: yes
- Open-source code: no
- Multisig support: yes
- Biometric unlock: no
- Two-factor authentication: no
Features
- Built-in swap / buy: yes
- Staking: yes
- NFTs: yes
- DeFi / dApps: yes
- Browser extension: no
- Mobile app: yes
- Desktop app: yes
- Hardware wallet signing: yes
Networks: Bitcoin, Ethereum, Solana, Polygon, Avalanche, Cosmos, Polkadot, Cardano
Ease of use (editorial): 8/10
Pros and cons
Pros
- Touchscreen with clear signing at a lower price than Flex or Stax
- Bluetooth and NFC for use with the Ledger Wallet mobile app
- Certified secure element
Cons
- Closed-source secure-element firmware
- Bluetooth is an extra (encrypted) attack surface some users prefer to avoid
- Ledger Recover showed firmware can export key shares with user consent
Security incidents (Ledger)
Company-level events that affected customers of this brand, newest first.
- Ledger's Connect Kit JavaScript library (used by dApps, not the devices) was hijacked in a supply-chain attack for a few hours; users who signed malicious transactions on affected sites lost funds.
- Ledger announced Ledger Recover, an opt-in paid service that backs up encrypted shares of your recovery phrase with third parties. It showed that firmware can export key material if you consent, which many users criticised.
- Ledger's e-commerce and marketing database was breached; names, postal addresses and phone numbers of about 272,000 customers (and about 1M email addresses) leaked, fuelling years of phishing. Devices and funds were not compromised.
Ledger Nano Gen5 vs Trezor Safe 5
| Feature | Ledger Nano Gen5 | Trezor Safe 5 |
|---|---|---|
| Type | Hardware | Hardware |
| Status | Current | Current |
| Price | $179 | $169 |
| Assets | 15,000+ assets (Ledger's claim) | Thousands of assets (Trezor's claim) |
| Open source | No | Yes |
| Secure element | Yes (certified secure element) | Yes (EAL6+), used alongside open-source firmware |
| Connectivity | USB-C, Bluetooth, NFC | USB-C |
| Screen | Touchscreen | Colour touchscreen with haptic feedback |
| Backup | 24-word recovery phrase; Ledger Recovery Key card included; optional paid Ledger Recover | 12/20/24-word backup, including multi-share (Shamir, SLIP-39) backup |
| Passphrase support | Yes | Yes |
| Multisig | Yes | Yes |
| Staking | Yes | Yes |
| DeFi / dApps | Yes | Yes |
| Mobile app | Yes | Yes |
| Desktop app | Yes | Yes |
| Browser extension | No | No |
| Ease of use (editorial) | 8/10 | 8/10 |
| Best for | Phone-first users who want a touchscreen and Bluetooth at a mid-range price. | Open-source fans who want a touchscreen without paying Safe 7 prices. |
Shaded rows differ. Read the full Trezor Safe 5 review.
Ledger Nano Gen5 FAQ
Is Ledger Nano Gen5 safe?
Ledger Nano Gen5 is a hardware wallet with a secure element chip, PIN protection, optional passphrase support and a recovery-phrase backup. Its code is not fully open source, so you rely more on the company. Ledger has had 3 company-level incidents affecting customers (listed on this page); none let attackers take keys from the devices themselves. Buy only from the manufacturer or an authorised reseller and never use a device that arrives with a recovery phrase already set.
How much does Ledger Nano Gen5 cost?
The list price is $179 (USD), a one-time purchase with no subscription.
Which coins does Ledger Nano Gen5 support?
15,000+ assets (Ledger's claim), including networks such as Bitcoin, Ethereum, Solana, Polygon and Avalanche. Check the official supported-assets list before sending a coin.
Sources
Facts on this page were checked on against these public pages. Fees and product lineups change often; always confirm on the provider's own site.
Reader reviews
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Information only, not financial advice. Facts checked Sep 23, 2026. New to self-custody? Read crypto wallets explained.