Ledger Stax Review 2024: Exploring Features and Security

The bull market is finally picking up pace, and chances are you're in for a lot of cryptocurrency trading. With prices soaring and trading volumes surging, the excitement is palpable. However, history teaches us that a heated market often brings a wave of crypto thefts and scams. During these times, the importance of secure crypto custody cannot be overstated.

Ledger has long been recognized as the leading provider of offline storage solutions in the cryptocurrency industry. At Coin Bureau, we've previously reviewed Ledger's prominent hardware wallets, the Ledger Nano X and the Nano S Plus. These devices have set high standards for security and usability, earning the trust of crypto enthusiasts worldwide.

Today, we're highlighting the latest addition to Ledger's lineup — the Ledger Stax. This new hardware wallet is not just an incremental upgrade but a significant step forward in design and functionality. The Ledger Stax offers a fresh take on crypto storage solutions and a sleek, credit card-like form factor and a large, user-friendly display.

This review will delve into what sets Ledger Stax apart from its predecessors and why it might be the right choice for your crypto storage needs. With its innovative design and robust security features, the Ledger Stax is poised to redefine how we think about hardware wallets. So, let's dive into the Ledger Stax review and see what this new device has to offer.

What is Ledger?

Founded in 2014 and headquartered in Paris, France, Ledger has become a cornerstone of the cryptocurrency security industry. The company aims to secure the burgeoning digital asset ecosystem through innovative hardware and software solutions. Ledger specializes in developing state-of-the-art hardware wallets designed to protect users' private keys and, by extension, their digital assets from cyber threats.

The Ledger Nano X

The Ledger Nano X is one of the company's flagship products, renowned for its balance of security and convenience. Released in 2019, this hardware wallet features Bluetooth connectivity, allowing users to manage their crypto assets on the go using their smartphones. The device supports over 5,500 cryptocurrencies and tokens, providing broad compatibility for diverse digital assets. Its sleek design and robust security architecture make the Nano X a favorite among novice and experienced crypto users.

The Ledger Nano S Plus

The Ledger Nano S Plus is another key offering from Ledger, building on the success of the original Nano S. Launched as an enhanced version, the Nano S Plus retains the affordability of its predecessor while introducing features such as a larger screen and increased storage capacity for applications. Like the Nano X, it supports many cryptocurrencies and tokens. The Nano S Plus is particularly appreciated for its straightforward user interface and solid security, making it an excellent choice for those new to crypto storage solutions.

Rival: Trezor

Ledger's primary competitor in the hardware wallet market is Trezor, a company founded by SatoshiLabs in the Czech Republic. Trezor introduced the world's first cryptocurrency hardware wallet in 2014, setting a precedent for secure offline storage. The Trezor One and Trezor Model T are its most popular products. The Trezor Model T, in particular, is known for its color touchscreen and user-friendly interface. Trezor wallets support a wide range of cryptocurrencies and are praised for their robust security features. More recently, Trezor unveiled the Safe 5, which boasts a colour touchscreen and a Secure Element chip.

However, the competition between Ledger and Trezor is fierce, with each company continually innovating to offer superior security and usability.

Ledger Stax Review: Features

Here's a look at Ledger Stax' top features.

Design

The Ledger Stax marks a significant departure from Ledger's traditional wallet designs by being the first Ledger wallet to feature a screen. This innovation enhances user interaction and brings the device a new level of functionality.

E-Ink Screen

The Ledger Stax boasts an e-ink screen, a technology well-known for its benefits. E-ink displays consume far less power than traditional screens, leading to longer battery life. Additionally, e-ink screens offer excellent readability in various lighting conditions, including direct sunlight, making them ideal for a hardware wallet. The screen covers one side of the wallet and uniquely folds into the other side, creating a distinctive curved look that sets the Ledger Stax apart from other hardware wallets on the market.

Design and Build

Crafted with a black aluminum body and embedded magnets for stackability, the Ledger Stax emphasizes both security and convenience. Its dimensions are 85mm x 54mm x 6mm, making it roughly the size of a credit card but with the thickness of a stack of five credit cards. This compact design ensures that the Ledger Stax can easily fit into your pocket, allowing for effortless portability.

NFT Display and Customization

One of the standout features of the Ledger Stax is its ability to display NFTs. Owners can showcase their NFTs on the e-ink screen, adding a personalized touch to their wallet. This feature makes the wallet appealing to NFT collectors and helps users distinguish their Ledger Stax from others, enhancing its uniqueness.

Stackability

The embedded magnets allow multiple Ledger Stax wallets to be stacked on top of one another, the origin of the "Stax" name. While owning multiple units may seem impractical, given the $279 price tag, this feature underscores the wallet's innovative design and attention to detail.

Connectivity and Charging

The Ledger Stax supports both USB-C and wireless charging, offering flexible options for powering the device. These modern charging capabilities ensure that the wallet remains charged and ready for use without the need for frequent cable connections.

Operating System

The Ledger Stax runs on a custom-built BOLOS (Blockchain Open Ledger Operating System) designed to provide robust security and seamless user experience. BOLOS is known for its high level of protection against various security threats, making the Ledger Stax a reliable choice for safeguarding digital assets.

In summary, the Ledger Stax combines advanced technology and thoughtful design to create a hardware wallet that stands out in both form and function. Its e-ink screen, compact size, NFT display capabilities, and stackable design make it a compelling option for crypto enthusiasts looking for a secure and stylish storage solution.

Security

When it comes to safeguarding your digital assets, Ledger Stax stands out with its comprehensive suite of security and safety features.

Secure Element Chip: ST33K1M5

At the heart of Ledger Stax's security is the Secure Element Chip, specifically the ST33K1M5. A Secure Element Chip is a tamper-resistant hardware component designed to perform cryptographic operations securely. It stores and protects sensitive data such as private keys, ensuring they are never exposed to potential attackers. The ST33K1M5 chip offers enhanced security features, including advanced cryptographic algorithms and secure key storage, which are critical for maintaining the integrity and confidentiality of your digital assets.

Cortex-M35P 32bit RISC

Ledger Stax is equipped with a Cortex-M35P 32bit RISC microcontroller. This microcontroller offers a balance of performance and power efficiency, making it ideal for security applications. Its robust processing capabilities allow for secure execution of cryptographic algorithms and ensure smooth operation of the wallet, enhancing both security and user experience.

Chip Certification: CCEAL6+

The ST33K1M5 chip in Ledger Stax has achieved CCEAL6+ certification, one of the highest levels of security certification for hardware components. CCEAL (Common Criteria Evaluation Assurance Level) certification ensures that the chip has undergone rigorous testing and meets stringent security standards. This certification signifies that Ledger Stax provides high protection against various security threats.

PIN Protection

Ledger Stax utilizes PIN protection to prevent unauthorized access. Users must enter a PIN code to access the wallet's features, adding a layer of security against unauthorized users.

24-Word Secret Phrase (Seed Phrase) Support

The wallet supports a 24-word secret phrase, also known as a seed phrase, which is used to generate and recover private keys. This seed phrase is crucial for recovering your wallet in case it is lost or damaged, ensuring that you retain control over your funds.

Protection Mode

A distinctive feature of Ledger Stax is its "Protection Mode," which locks the device whenever it detects an interruption such as an attack. This proactive security measure helps protect the wallet from potential breaches, ensuring that your assets remain secure even in the event of an attempted attack.

Non-Custodial Wallet

Ledger Stax is a non-custodial wallet, meaning that users have full control over their private keys and funds. Private keys are stored on the user's device and are never exposed to Ledger or any third party, providing enhanced security and peace of mind.

Two-Factor Authentication (2FA)

The device supports two-factor authentication (2FA), adding an additional layer of security when logging in or sending transactions. This feature requires users to verify their identity using a second factor, such as a mobile app, before accessing their wallet.

Multi-Signature Support

Ledger Stax supports multi-signature wallets, which require multiple parties to sign off on transactions. This feature provides added security and protection against fraud by ensuring that no single party can make transactions unilaterally.

Firmware Updates

Ledger Stax regularly releases firmware updates, including security enhancements and bug fixes. These updates ensure that the wallet remains secure and up-to-date with the latest security standards and features.

BOLOS Operating System

The Ledger Stax operates on the Blockchain Open Ledger Operating System (BOLOS), a custom-built OS designed by Ledger. BOLOS is specifically engineered for hardware wallets, providing a secure environment for managing cryptocurrencies. It ensures that the wallet's software is resistant to malware and other security threats, further enhancing the overall security of Ledger Stax.

In summary, Ledger Stax combines state-of-the-art hardware and software security features to provide users with a robust and secure environment for managing their digital assets. From its Secure Element Chip and Cortex-M35P microcontroller to advanced features like Protection Mode and multi-signature support, Ledger Stax is designed to protect your cryptocurrencies from a wide range of threats.

System Requirements 

The Ledger Stax is easily compatible with 64-bit desktop computers, including Windows 10, Windows 11, macOS, Ubuntu, and many more. It is not only for desktops but can also be compatible with smartphones above Android 10 and iOS 14.

Recovery

What happens if you lose your Ledger Stax, or someone steals it?

• If stolen, anyone still requires the PIN and 2FA for accessing your Stax wallet. If anyone enters the PIN incorrectly three times in a row, the OS automatically resets the Stax and the stored data is erased.
• You can get another Stax, or recover the lost Stax and enter your 24-word seed phrase to import your account back into the wallet

Ledger Live App and Coin Support

The Ledger Live App is the official companion application for Ledger hardware wallets, significantly enhancing the user experience by providing a seamless interface to manage crypto assets. With over 1 million downloads and a stellar 4.5 rating, the app has become a trusted tool for crypto enthusiasts looking to securely manage their digital assets and NFTs.

Features of the Ledger Live App

Buy Crypto

The Ledger Live App allows users to buy and sell cryptocurrencies conveniently using a credit/debit card or bank transfer. This feature simplifies the process of acquiring crypto assets directly from the app, ensuring a smooth and secure transaction experience.

SWAP Crypto

Users can exchange one cryptocurrency for another without converting to fiat currencies through the swap feature. This functionality helps protect assets from market volatility and diversify portfolios, all within a secure environment.

Stake Crypto

Staking is a popular way to earn rewards in the crypto world, and the Ledger Live App makes it easy. Users can track their rewards in the Earn section and explore multiple staking opportunities across different blockchain networks, maximizing their earning potential.

Manage NFTs

The app also caters to NFT enthusiasts, allowing them to easily collect, visualize, and manage their Ethereum and Polygon NFTs directly within their Ledger hardware wallet. This feature provides a centralized and secure way to oversee digital collectibles.

Manage Portfolio

With the Ledger Live App, users can pair their Ledger Stax wallet to monitor their entire crypto portfolio. The app provides a comprehensive market watchlist, including prices, volumes, and market data. Users can securely execute transactions and keep track of their portfolio performance in real-time.

Coins Supported

Ledger Live supports more than 500 cryptocurrencies and tokens, including major ones like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). When paired with third-party wallets, the app extends support to over 5,000 cryptos, tokens, and NFTs, offering extensive coverage for diverse portfolios.

Pay Using Crypto

The Ledger Live App features a CL Card, powered by Ledger, allowing users to pay for goods and services with their crypto holdings. This card integrates seamlessly with Ledger hardware wallets, making crypto payments straightforward and secure.

Compatibility

The Ledger Live App is available across all major operating systems, including Windows, macOS, and Android. Users can connect their Ledger Stax wallet to the app using Bluetooth, ensuring a hassle-free setup and connectivity experience.

In summary, the Ledger Live App significantly enhances the functionality of Ledger hardware wallets, providing users with a comprehensive platform to manage, buy, sell, swap, stake, and track their crypto assets and NFTs. Its user-friendly interface and extensive features make it an indispensable tool for anyone looking to efficiently manage their digital assets.

Ledger Stax vs Competition

Regarding hardware wallets with screens, two notable alternatives to the Ledger Stax are the Ellipal Titan and the NGRAVE ZERO. Each of these wallets brings unique features and differentiators to the table, catering to various user preferences and security needs.

Ellipal Titan

Security

The Ellipal Titan is known for its air-gapped security, meaning it is completely isolated from any network connections, including Wi-Fi, Bluetooth, or USB. This physical separation significantly reduces the risk of remote attacks. The device uses QR codes for data transfer, ensuring that sensitive information remains secure.

Design and Usability

The Ellipal Titan features a large touchscreen, providing an intuitive interface for managing crypto assets. Its rugged, metallic design is both durable and tamper-proof, adding an extra layer of physical security.

Price

The Ellipal Titan is competitively priced, typically around $169. This makes it a more affordable option than the Ledger Stax while offering robust security features and a user-friendly experience.

NGRAVE ZERO

Security

The NGRAVE ZERO is touted as one of the most secure hardware wallets available. It boasts a triple offline security architecture, including an air-gapped design and the highest certification level of EAL7 for its Secure Element chip. This level of certification exceeds that of many competitors, including Ledger Stax's CCEAL6+.

Design and Usability

The NGRAVE ZERO features a large, high-resolution touchscreen, making navigating and managing digital assets easy. The wallet's design focuses on eliminating all possible attack vectors, providing users with an exceptionally secure environment.

Price

The NGRAVE ZERO is on the higher end of the price spectrum, costing around $398. This premium price reflects its advanced security features and cutting-edge technology, positioning it as a top choice for users who prioritize security above all else.

Key Differentiators

Security

While all three wallets—Ledger Stax, Ellipal Titan, and NGRAVE ZERO—offer strong security features, the NGRAVE ZERO stands out with its EAL7 certification and air-gapped design. The Ellipal Titan also emphasizes security with its fully air-gapped operation, whereas the Ledger Stax combines a Secure Element Chip with Protection Mode and other robust security measures.

Price

The Ellipal Titan is the most budget-friendly option, making it accessible to a broader audience. The Ledger Stax offers a middle ground with a price of $279, balancing advanced features and affordability. The NGRAVE ZERO, while the most expensive, justifies its price with unmatched security credentials.

Usability

All three wallets offer user-friendly interfaces with their touchscreens, but their approaches to connectivity differ. The Ellipal Titan and NGRAVE ZERO focus on offline, air-gapped security, whereas the Ledger Stax incorporates modern connectivity features like Bluetooth, USB-C, and wireless charging, providing a versatile and convenient user experience.

In summary, the Ellipal Titan and NGRAVE ZERO are strong alternatives to the Ledger Stax, each with unique strengths in security and usability. The choice between them depends on individual preferences, budget, and specific security needs.

Ledger Stax Review: Final Thoughts

The Ledger Stax emerges as a noteworthy addition to Ledger's lineup, bringing innovation and a fresh design to the hardware wallet market. It excels in multiple areas, from its sleek, credit card-sized form factor to the unique e-ink screen that covers one side and folds into the other, offering a visually appealing and user-friendly interface. The ability to display NFTs and the convenience of stackable design elements further enhance its appeal, making it a standout choice for those who value aesthetics and advanced features.

In terms of security, the Ledger Stax does not disappoint. It incorporates Ledger's Secure Element Chip (ST33K1M5) and runs on the robust BOLOS operating system, ensuring that private keys and transactions remain secure. Features like PIN protection, a 24-word secret phrase, two-factor authentication, and multi-signature support provide comprehensive protection for users' digital assets. The innovative "Protection Mode" adds an extra layer of security by locking the device during potential attack events.

However, the primary justification for the Ledger Stax's premium price is its design, display, and e-ink screen. Users are essentially paying extra for the enhanced user experience rather than additional security features. For those who prioritize security above all else, the base model Ledger hardware wallets, such as the Ledger Nano X or Nano S Plus, offer sufficient protection at a more affordable price point.

In conclusion, the Ledger Stax scores impressively across the board, leaving little to complain about. It offers a blend of security, design, and functionality that makes it a compelling choice for crypto enthusiasts. Nevertheless, those considering the Ledger Stax should be aware that the premium price reflects its sophisticated design and user-friendly features, rather than a significant leap in security capabilities. For users whose primary concern is security, the base model Ledger wallets remain a reliable and cost-effective option.