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What are Hardware Wallets?
Hardware wallets are a type of cold wallet that allow you to store cryptocurrencies in a secure manner. They are disconnected from the internet and protect your assets from all kinds of cyber-attacks. A hardware wallet can easily be plugged into a PC, and you can transfer your private keys to it without any hassle. As long as you keep the hardware wallet in a secure place, no one will be able to steal those private keys from you.
More and more users are now leaning towards hardware wallets to store their cryptocurrencies as storing assets on hot wallets has become extremely risky. Ledger Stax is one of the latest hardware wallets that will hit the market in the coming year.
What is Ledger Stax?
Ledger Stax is an advanced upcoming digital wallet that is generating plenty of buzz in the crypto space. It is a device that allows cryptocurrency holders to store their tokens offline for enhanced security. Stax is the latest addition to the fine line of wallets offered by Ledger that promises to enhance the user experience. Just like other crypto wallets, it comes as a small device that you can carry around with ease. What sets Ledger Stax apart from other wallets is its security features, NFT support and its latest design.
Also read: Bybit Web3 Wallet
In this article, we will take a deeper look at what Ledger Stax has to offer. We will also shed light on whether it is worth upgrading from any old Ledger model or not.
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The Unique Design of Ledger Stax Wallet
If you look at this picture of the Ledger Stax you can notice that it looks quite stylish and different from the previous versions of Ledger hardware wallets. The design is a credit-card-sized e-ink screen that wraps around the front surface and the spine of the device.
Ledger Stax comes with a 3.7-inch display and fits nicely into your hand. The larger e-ink screen allows you to view content and sign transactions easily. It is made of Aluminum and plastic, and you can stack multiple Ledger Stax wallets on top of each other as they come with embedded magnets.
Just like the Nano Ledger X, Ledger Stax also supports Bluetooth making it easier for the user to manage the device with their phone.
The device is designed by none other than Tony Fadell who is among the most respected names in the tech industry. Tony Fadell was formerly employed at Apple as Senior vice-president of the iPod division and played a major role in bringing out its design.
The new look not only enhances the experience of the device but also adds to the aesthetics. The e-ink screen also allows the user to sign important transactions with ease and helps keep the device more secure.
Ledger Stax Device Specifications
- Bluetooth 5.2 Support
- USB-C support
- Qi Wireless Charging
- NFT storage
- Secure Element Chip
- Support 5000+ coins
- 3.7 Inches E-Ink curved touch screen (400×672)
- 45.2 g in weight
Ledger Stax Supported Cryptocurrencies
The new Ledger Stax supports more than 5,000 cryptocurrencies be it Bitcoin, Ethereum, or stablecoins. Some of the notable cryptocurrencies you can store on a Ledger Stax wallet include Litecoin, Cardano, Ripple, Stellar, Dogecoin, and Polkadot. The device also allows you to manage your NFTs stored on Ethereum or Polygon with the Ledger Live App. For most crypto investors Ledger Stax will be enough to store all their favorite cryptocurrencies. You can also visit Ledger’s official website to get into the details of which cryptocurrencies are supported by their latest device.
Is Ledger Stax Better than Ledger Nano S and Ledger Nano X?
The Ledger Stax is the latest offering by the brand Ledger, and it does come with the latest features that the Ledger Nano S and the Ledger Nano X lacked. To understand what’s new let’s first take a quick look at the features offered by both the Ledger Nano S and Nano X.
Common Features of Ledger Nano S and Ledger Nano X
- Advanced Security is powered by the BOLO operating system and the Ledger’s secure element.
- Bluetooth support
- Support for over 5,000 cryptocurrencies and NFTs
- Ledger Live Support
New Additions to the Ledger Stax
- New sleek & practical design
- 3.3-inch touch screen
- Longer battery life
- Magnetic case
- Customize controls
The main difference between the Ledger Stax and the former Ledger models is the product design and the improved user experience. Also, if you are into DeFi and yield daily the Ledger Stax can make a significant difference for you. It will save you a lot of time and offer smooth handling of all the contract approvals.
Ledger wallets are known to be highly secure, and the Ledger Stax is no exception. The new devices use the ST33K1M5 secure element chip with the CC EAL5+ certificate
Battery Life and Qi Wireless Charging
Another highlight of the Ledger Stax wallet is its impressive battery life. The device comes equipped with a 200mah battery which is more than enough. At full charge, the device can last on stand-by for months.
How Much Does Ledger Stax Cost?
At the time of writing this article, the Ledger Stax can be pre-ordered from Ledger’s official website for 297 USD. To put things in perspective, the previous version (Ledger Nano X) cost around 130 USD. It is significantly more expensive than the previous version but also offers a much better user experience.
What is the Release Date for the Ledger Stax?
The Ledger Stax will hit the market in March 2023 and can be purchased from Ledger’s official website. You can also visit the website right now and pre-order it.
What Will You Get in the Ledger Stax Box?
The components of the box will include the following:
- Ledger Stax Hardware Wallet
- Ledger Stax Guide
- Recovery Sheet
- USB-C to USB-C cable for connectivity
Conclusion: Final Verdict on the Ledger Stax
Ledger Stax is a handsome-looking crypto hardware wallet that does not compromise on security and user experience. The price of the device does appear to be a bit high at the moment, but its premium features and optimized user experience speak for themselves. The new UI will offer plenty of help to those who deal with DeFi and NFTs on daily basis. However, if you are only looking to store your Bitcoin or Ethereum in a cold wallet the Ledger Nano S and the Ledger Nano X will also do the job for you.
Frequently Asked Questions
The security features offered by the trusted brand Ledger combined with the new design and user experience make a compelling argument for this device.
After setting up your Ledger Stax device you can transfer your funds by following these simple instructions available on the Ledger’s official website.
Ledger Stax is compatible with more than 50 third-party wallets. This allows you to manage more than 5000 cryptocurrencies on the device.
Ledger Stax is the latest version of the Ledger Hardware wallets and offers a better user experience than the Ledger Nano X. However, the Ledger Nano X is still an excellent device if you are looking for a cheaper alternative.
By choosing the “Recover access to your existing assets” option while setting up the device you can transfer your crypto from your Ledger Nano to Ledger Stax easily. All you will need to do is enter your secret recovery phrase and the process will begin.