Ledger Stax Review (2024): Is New Wallet Safe to Store Cryptos?

In this in-depth review of the new Ledger Stax crypto wallet, we will thoroughly explore its features, the strength of its security, and the distinct features that set it apart from other Ledger hardware wallets.

Company overview

Ledger is a pioneer and world leader in providing security solutions for cryptocurrencies and digital assets. Founded in 2014, the company is based in France and stands out in the blockchain technology sector, especially in the development of hardware wallets.

Ledger's mission is to provide exceptional security and infrastructure for the growing sphere of cryptocurrencies and digital assets. The company aims to protect digital assets of individuals and businesses against a variety of digital threats while maintaining a constant focus on innovation and accessibility.

What is Ledger Stax?

Ledger Stax represents an evolution in crypto and NFT storage, acting as an advanced hardware wallet. This device is the latest member of Ledger's product line, standing out from previous models, Ledger Nano X and Ledger Nano S Plus, for its innovative features.

This model is equipped with a curved, touch-sensitive E Ink screen, which not only improves user interaction during transactions, but also allows customization of the lock screen with a user's preferred NFT or image, offering a personal touch and unique to the device.

In terms of connectivity, the Ledger Stax has Bluetooth and a USB-C port. Furthermore, the device is designed with a touchscreen and supports wireless charging, integrating modern technology for a more convenient and efficient user experience in managing cryptocurrencies and NFTs.

Key Features of the New Ledger Stax Wallet

The Ledger Stax device offers a variety of innovative features designed to maximize both security and user convenience. Among its main features, the following stand out:

• A robust security component, specifically for defending against physical attacks.
• A considerable size display, which makes navigation and use of the device easier.
• Support for more than 5.000 cryptocurrencies, including the renowned Bitcoin and Ethereum.
• The possibility of Bluetooth connection, allowing the device to be used wirelessly.
• A backup and restore system based on a 24-word passphrase.
• Qi wireless charging capability in addition to data transfer.
• A customizable lock screen that allows you to display various NFTs.
• A tamper-resistant design, ensuring greater user security.
• PIN support for an additional layer of security.
• A BOLOS operating system developed specifically for this model.
• A compact and portable design, making the device easy to carry.

These features highlight the efficiency and security of Ledger Stax, making it an attractive choice for anyone looking for a cryptocurrency storage solution.

Features of the new Ledger Stax cryptocurrency wallet

Ledger Stax stands out for a series of features that make it an attractive option for both HODLers and cryptocurrency investors.

Detailed analysis of the main features of Ledger Stax:

Design and Visualization

The device was designed with a focus on aesthetics and practicality. It has a 3,7-inch curved E Ink touch screen with a resolution of 400×672 px, which makes it easy to read, sign transactions and monitor your crypto portfolio. The screen supports display in 16 different shades of gray.

Built in aluminum and plastic, the Ledger Stax has magnets integrated into its structure.

Dimensions and Weight

With dimensions of 85 mm x 54 mm x 6 mm, the Ledger Stax is compact and comparable to the size of a common credit card, ensuring portability and ease of use. Weighing just around 45,2 kg, the device is lightweight and does not add excessive bulk or weight to the user's pocket.

Connection Options

Ledger Stax offers two connection alternatives. The first is Bluetooth 5.2 connectivity, which allows wireless synchronization with smartphones, making it easier to manage Bitcoin and other cryptocurrencies without the need for cables. Additionally, the device has a USB Type-C port, optimizing data transfer and firmware updates.

Energy and Battery

Equipped with a 200 milliamp-hour rechargeable lithium-ion battery, the Ledger Stax ensures stable performance over long periods. Additionally, it has a Qi wireless charging system, which allows you to charge the device without using cables, using an electromagnetic field.

Built-in Magnets

The magnets integrated into the Ledger Stax allow it to be stackable. For users who operate multiple wallets for different purposes – such as securing NFTs, Ethereum-based assets, or for use as a public wallet or long-term storage – the ability to stack devices neatly is a practical advantage.

Supported Cryptocurrencies and NFTs

Ledger Stax features comprehensive compatibility with a wide range of digital assets, covering tokens, coins and various cryptocurrencies. Through the Ledger Live application, users have access to a range of more than 500 cryptocurrencies, which includes both well-known names such as Bitcoin and Ethereum, as well as altcoins with less recognition on the market.

Additionally, Ledger Stax extends its support to non-fungible tokens (NFTs), especially those based on the Ethereum (ERC-721 and ERC-1155) and Polygon networks.

When paired with external wallets such as Metamask or Exodus, the device further expands its reach, enabling support for over 5.000 additional cryptocurrencies and NFTs.

Is Ledger Stax Safe to Store Cryptos?

The Ledger Stax hardware wallet incorporates robust security and protection measures, utilizing STMicroelectronics' ST33K1M5 secure element chip, which is certified to the CC EAL5+ security standard. This certification, widely recognized and used by governments and industries globally, ensures that the device has undergone extensive testing and evaluation, complying with strict safety criteria.

The chip provides hardware-level security for the private keys stored on the device, offering protection against physical and remote threats.

Among the additional security features of Ledger Stax, the following stand out:

• Private Key Storage: Being a non-custodial wallet, Ledger Stax allows users to maintain full control of their private keys and funds.
• Two-Factor Authentication (2FA): The device supports 2FA and passwords, introducing an additional layer of security for access and transactions.
• Multi-Signature Support: Ledger Stax supports multi-signature wallets, requiring approval from multiple parties to carry out transactions, which increases the level of security and protects against fraud.
• Firmware Updates: Ledger regularly releases software updates for Stax, including security improvements and bug fixes.
• BOLOS Operating System: The device operates with BOLOS (Blockchain Open Ledger Operating System), a custom operating system developed by Ledger, reinforcing its security.

Operating system compatibility

The Ledger Live app is designed to be compatible with a variety of operating systems, including Windows, macOS, Linux, Android, and iOS. This allows Ledger Stax users to manage their hardware wallets on both desktop computers and mobile devices.

To use Ledger Live on a desktop computer, you must operate with Windows 10 or higher, macOS 12 or higher, or Linux Ubuntu 20.04 or higher. In the case of mobile devices, the application is compatible with Android version 10 or higher and iOS 14 or higher.

With a suitable operating system, Ledger Live offers users a series of functionalities for managing cryptocurrencies. These features include the management of digital assets, the possibility of staking of tokens on supported networks, the safeguarding of Ethereum and Polygon-based NFTs, and the opportunity to earn rewards.

What is the price of Ledger Stax?

The market value of Ledger Stax is de $279, establishing it as the most expensive hardware wallet offered by Ledger to date.

For comparison purposes, the Nano cost.

Therefore, when analyzing the financial aspect, Ledger Stax presents itself as a more expensive option compared to previous Ledger models. However, it compensates for this greater investment with significant advances in terms of functionality and ease of use.

Ledger Stax vs Ledger Nano X vs Nano S Plus

Ledger Stax Alternatives and Comparison

Ledger Stax, Trezor Model T and Ellipal Titan are hardware wallets recognized in the market for offering advanced protection for digital assets.

• Design: The Ledger Stax stands out with its curved E Ink touchscreen, while the Trezor Model T features a color touchscreen and the Ellipal Titan has a larger touchscreen, complemented by a camera for reading codes QR.
• Digital asset support: Ledger Stax is capable of managing over 5.000 coins and tokens. The Trezor Model T, in turn, supports 1.456 tokens, and the ELLIPAL Titan stands out with support for more than 10.000 altcoins distributed across 52 blockchains, including the ERC-20 network.
• Price: On the financial side, the Ledger Stax is the most expensive among the three, selling at US$279. In comparison, the Trezor Model T is available for US$219, and the Ellipal Titan is the most affordable, costing US$ $79.

How do I connect my Ledger Stax to the Ledger Live app?

To connect Ledger Stax to the Ledger Live app, follow these steps:

1. Download and install the Ledger Live application from the official Ledger website on your computer.
2. Connect Ledger Stax to your computer using the USB cable provided with the device or via Bluetooth.
3. Enter your PIN code into Ledger Stax to unlock it.
4. In the Ledger Live app, click “Get Started” and select “Ledger Stax” as the device you are setting up.
5. Proceed with the in-app instructions to complete the setup.
6. After configuration, Ledger Stax will be linked to Ledger Live, allowing access to all application features, including cryptocurrency management, application installation and firmware updates.

How to send and receive cryptocurrencies using Ledger Stax?

1. Connect Ledger Stax to the Ledger Live app, whether on your phone or desktop.
2. Choose the cryptocurrency you want to send or receive and select “Send” or “Receive” in the app.
3. Enter the amount of cryptocurrency or dollar amount you want to send, as well as the recipient's address.
4. Confirm transaction details on Ledger Stax using the device's touchscreen.
5. Once the transaction is confirmed, the cryptocurrency will be sent to the recipient's address.

Conclusion: Is Ledger Stax Worth Your Investment?

The Ledger Stax review reveals that this hardware wallet stands out as an excellent choice for those looking for a cutting-edge device with top-notch security, a user-friendly interface, and varied customization options.

Among its features, the modular design, wireless charging capacity and large E-ink screen are aspects that distinguish it in the hardware wallet segment.

Supporting over 5.000 coins and tokens, Ledger Stax demonstrates broad compatibility with a diverse range of digital assets. Additionally, the wallet also supports NFTs, making it an adaptable alternative for investors interested in the emerging NFT market.

Frequently asked questions

What is a hardware wallet?

A hardware wallet represents a physical device created specifically to store the private keys vital for handling cryptocurrencies on the network. blockchain.

In contrast to software wallets, which remain online, hardware wallets operate as cold storage devices, i.e. they do not have an Internet connection, thus reducing vulnerability to cyber attacks.

Is using Ledger Stax considered safe?

The Ledger Stax model is equipped with a Secure Element, a tamper-resistant hardware component, responsible for safeguarding private keys and increasing transaction security.

Secure Element is designed to offer protection in various risk situations, including physical attacks, malicious software attacks and network intrusions.

Additionally, it integrates additional security features, such as a PIN code system, backup phrase recovery method and two-factor authentication (2FA).

Is Ledger Stax a type of cold storage?

Yes, Ledger Stax classifies itself as a cold storage wallet for cryptocurrencies. This device, a recent release from Ledger, preserves private keys offline.

This offline storage, known as “cold storage”, provides advanced protection for digital assets, as it prevents access by hackers or malicious software.

What happens if I lose my Stax Ledger?

The loss of Ledger Stax may result in difficulties in accessing your cryptocurrency assets. However, it is important to highlight that the assets are not stored on the device, but on the blockchain.

Thus, by maintaining possession of your initial recovery phrase, you will be able to reestablish your wallet and regain access to your digital assets.

It is crucial to store your seed phrase in a safe and ideally offline location, away from dangers such as fire or theft. In the absence of the Stax Ledger or seed phrase, recovering funds can become a complex or even unfeasible process.