Ledger vs Binance: Price, Security & Features (2024) (2024)

🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW

Cryptos: 21,338
Exchanges: 1,863
Market Cap: $2.02T 1.16%
24h Vol: $70,763,206,465 5.32%
Dominance: BTC: 54.6% ETH: 13.7%
Gas: 5 GWEI

Connect

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New

Video Courses

Deprecated

Scale your career with online video courses. Dive into your learning adventure!

Courses

Collect Your Rewards You have crypto rewards waiting to be collected. Unlocked: Crypto Handbook! Congrats, you’ve been granted an access to the exclusive Crypto 101 Handbook! Grab Binance $600 Bonus Claim your $600 Welcome Voucher for completing simple tasks on Binance.

Swipe right to compare

Compare Binance vs Ledger & find out which is the safest option for storing your crypto. Check the expert-gathered crypto wallet data side by side and make an informed decision.

See Full Comparison

Binance vs Ledger - Crypto Wallet Comparison Overview

After performing an in-depth analysis of Binance vs Ledger crypto wallets & their features, we have grouped the represented data into 9 different sections to help you process the information easier & quicker. If you want to get a brief understanding of Binance vs Ledger comparison results, take a glance at the short table below.

By comparing Binance vs Ledger overall scores, we clearly see that Binance has the higher overall score of 9.4. Ledger, on the other hand, has scored 7.6 final points.

Compare Other Crypto Wallets

Main score based on expert evaluations & real user reviews.

Whether the crypto wallet is hardware, software, desktop or paper type.

For which purpose or for what kind of people is the cryptocurrency wallet best for.

Final crypto wallet evaluation conclusion based on research, expert opinions & user feedback.

	LEDGER NANO X	BINANCE	LEDGER
Overall Score	9.8	9.4	7.6
Wallet Type	Hardware	Exchange Wallet	Hardware
Best For	Best for Safely Storing, Sending, and Receiving Different Cryptocurrencies	Best for Storing Cryptocurrencies	Best for Safely Storing, Sending, and Receiving Different Cryptocurrencies
Verdict	One of the best hardware cryptocurrency wallets ever made.	One of the best exchange-wallets on the market.	One of the safest hardware wallets on the market.
	Visit site Read review	Visit site Read review	See TOP10 Brands Read review

Binance vs Ledger Crypto Wallet Comparison Data

Compare Binance vs Ledger side by side by checking this comprehensive cryptocurrency wallet comparison data chart. Measure the most important wallet metrics against each other & see who wins as the better crypto wallet!

Compare Other Crypto Wallets

The main advantages of a certain cryptocurrency wallet.

The main disadvantages of a certain cryptocurrency wallet.

Score that represents the ratio of the quality & advantages you get for a certain price.

How easy & intuitive it is to use a certain crypto wallet.

Most popular hand-picked deals & coupons.

Overall level of security & safety of your assests offered by a certain crypto wallet.

Whether the crypto wallet requires two-factor authentication as an extra layer of security when completing an action.

Whether the crypto wallet requires multiple keys to authorize a transaction as an extra layer of security.

Whether the crypto wallet requires a Pin code as an extra layer of security when completing an action.

The general anonimity level of your data.

What kind of methods of recovering your cryptocurrency assets in case you lose your wallet or forget your primary password does the wallet offer.

Who owns your private keys.

The level of control you have on the crypto wallet.

Amount of cyprotcurrencies that are supported in a certain cryptocurrency wallet.

Amount of tokens that are supported in a certain cryptocurrency wallet.

Whether or not the crypto wallet supports the Ethereum token.

Whether or not the cryptocurrency wallet is compatible with other wallets & which.

Whether or not the crypto wallet supports the original BTC addresses that start with "1".

Whether or not the crypto wallet supports newer BTC addresses that came to be due to a soft fork. These addresses start with "3".

Whether or not the crypto wallet supports these specific types of BTC SegWit addresses. These wallet addresses start with "bc1".

Wallet Software

What kind of actions you can carry out via certain cryptocurrency wallet

Whether or not the users can control the transaction fees according to their personal needs.

What kind of additional features does each cyrpto wallet offer.

Is the crypto wallet open source or closed source.

How helpful and responsive is each cryptocurrency wallet's customer support.

What kind of connectivity methods are used for each wallet's management.

Through which mediums can you manage & control your crypto wallet.

Whether or not (and for how long) the crypto wallet offers a time period in which you can return the wallet free of cost.

The lowest cost of each brand's product. These are regular prices without discounts.

What kind of additional fees you may have to pay for extra services.

Whether or not the cryptocurrency wallet accepts payments via bank wire transfer.

Whether or not the cryptocurrency wallet accepts payments via debit or credit card.

Whether or not the cryptocurrency wallet accepts payments via PayPal.

Whether or not the cryptocurrency wallet accepts cryptocurrency payments.

Full legal business name of the cryptocurrency wallet.

The location where the cryptocurrency wallet company is based.

The year when the crypto wallet was established.

	LEDGER NANO X	BINANCE	LEDGER
Pros	Can be managed from mobile device Very secure Supports more than 5500 cryptocurrencies Comfortable design	Multiple cryptocurrency support Very secure SegWit and Bech32 address support Built-in exchange functionality One of the most trustworthy names in the crypto world	Super secure Protection against physical damage Supports more than 1500 coins and tokens
Cons	Relatively expensive	Mediocre customer support Not ideal for beginners	Relatively expensive
Value For Money
Ease of Use
Latest Coupons	Get deal All Ledger Nano X Coupons	See All Coupons of Best Wallets	See All Coupons of Best Wallets
Security
Security Level	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent
2FA Two-factor Authentification
Multi-signature
Pin Code
Anonimity Level	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent
Backup Type	24-word Recovery Phrase or Nano S Plus	Seed Phrase	24-word Recovery Phrase (via subscription)
Private Key Owner	You	Wallet	You
Full Wallet Control	\| \| \| \| \| No Partial Yes	\| \| \| \| \| No Partial Yes	\| \| \| \| \| No Partial Yes
Supported Crypto
Number of Supported Crypto	1100+ See Full List	200+ See Full List	5500+ See Full List
Number of Supported Tokens	5500+ See Full List	1500+ See Full List	1500+ See Full List
ERC20 Support
Compatibility With Wallets/Exchanges	MyCelium, Exodus + 48 more	Trust Wallet	MyEther, MetaMask + 48 more
Legacy Addresses
SegWit
Bech32
Software Features
Wallet Software	Android App iOS App Windows Software MacOS Software Linux	Windows Software MacOS Software Android App iOS App Linux	Windows Software MacOS Software Linux App
Software Functions	Receive Send Store	Deposit Trade Withdraw Swap	Store Send Receive
Transaction Fee Control
Extra Features	Password Manager	Exchange features NFT minting Yield farming	N/A
Transparency	Open-Source	Open-Source	Open-Source
Customer Support	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent
Connectivity
Wallet Connectivity	Bluetooth USB Wifi	Wifi	USB
Wallet Control	Mobile Desktop	Desktop Mobile	Desktop Mobile
Pricing
Money Back Guarantee	14 days	N/A	14 days
Base Price	149 EUR	0 USD	39 USD
Service Fees	N/A	Fees starting at 0.6 percent; Fees of 0.5 percent for instant buys; Debit card fees of 3.75 percent	N/A
Payment Methods
Wire Transfer
Credit/Debit Card
PayPal
Cryptocurrency
Company’s info
Full Company Name
Based in	Paris, France	Malta	Paris, France
Year of Origin	2014	2017	2014
Check Official Website	Visit site Read review	Visit site Read review	See TOP10 Brands Read review

Compare Other Crypto Wallets

Binance vs Ledger Technical Comparison Results

The Value for Money score is one of the most important factors you should consider, as it can tell you whether the crypto wallet comes with the best quality and price ratio, or if the brand lacks in one of these aspects. While comparing Binance vs Ledger, we can see that Binance has a higher Value for Money score compared to Ledger.

Another highly important aspect is the Security Level - it can tell you how safe your crypto assets will be if stored in a certain wallet. After doing Binance vs Ledger comparison, it’s evident that Binance has somewhat better security features than Ledger. The Number of Supported Crypto section can tell you just how many & which cryptocurrencies you can conveniently hold in a single cryptocurrency wallet at the same time. After comparing Binance vs Ledger, it’s clear that Ledger has the higher number of supported crypto with 5500+ cryptocurrencies available, while Binance supports 200+ different cryptocurrencies.

It’s also really important to evaluate a wallet's customer support, as you might have some important questions or even issues that will need to be resolved right away. According to our Binance vs Ledger comparison research & gathered data, the better customer support is presented by Binance, which offers fast & sincere help when their customers need it.

Comparison Summary

The Binance vs Ledger online crypto wallet comparison tool revealed that Ledger Nano X has better features & higher in-depth evaluation scores than Binance and Ledger.

But when comparing these brands to the whole crypto wallet market, Ledger Nano X takes the lead as the best-rated online crypto wallet among its competitors and is a more suited choice for you.

When it comes to Ledger Nano X supported coins, the device is compatible with more than 5,500 cryptocurrencies. That being said, you’ll be able to store not only the most popular but also less-known coins and tokens.

I hope that this Ledger Nano X review was helpful and you managed to find all the information that you were looking for. Whatever you decide, always know that cold wallets can protect your cryptocurrencies best.

Read Full Ledger Nano X Review

Best User Reviews of Compared Crypto Wallets

E Cruz

5.0/5.0 - Ledger Nano X User

July 7, 2024

Perfect combo

Cold wallets are my favourite due to security they guarantee, but the Ledger nano x more convenient than other alternatives because of the BT connection feature

Bessie Cox

5.0/5.0 - Ledger Nano X User

July 30, 2024

Love this device

This ledger x review is only giving me more reasons to appreciate the company more :D The creators have thought of everything that is security related and users don't have to sacrifice convenience!!

Stephan Brown

5.0/5.0 - Binance Wallet User

July 26, 2024

Convenient

So so convenient with user of Binance. Great!

major6040

4.4/5.0 - Ledger Wallet User

July 23, 2024

security over convenience

plugging the wallet to my computer has to be the most inconvenient part of using an offline storage. all because of the security it promises

Read All Ledger Nano X User Reviews

LEDGER NANO X

LEDGER NANO S PLUS

9.8

9.6

Compare

The Process Behind Binance vs Ledger Comparison

1. We Gather

To make this Binance vs Ledger comparison as accurate and fact-based as possible, we collect all the data from verified sources only. We gather opinions & real-life experiences from real users, as well as measure and test out various aspects ourselves.

2. We Measure

To make sense of the gathered Binance vs Ledger comparison data, our experts analyze & aggregate it using data structuring methods. Whether it’s security aspects or software features, the information is filtered out to remove any untruthful or biased claims.

3. We Score

To make the gathered & measured data more understandable and useful, each aspect is evaluated with a clear score, scale, or a short verdict. In this Binance vs Ledger comparison, our goal is to help you choose the best just by glancing at the charts.

4. You Pick

Our goal is to provide you with the clearest, factual & useful data out there. After we compare Binance vs Ledger head-to-head, it’s up to you to decide which cryptocurrency wallet is the best for your needs. Take your time & choose wisely!

FAQ

Which aspects are the most significant while comparing Binance vs Ledger cryptocurrency wallets?

The first aspect you should give your attention to is the wallet type, as it reveals a lot about the product and its security. Usually, hardware wallets are the most popular for their high level of safety. Another important aspect is the number of supported coins, as some wallets may not be able to hold the cryptocurrency you possess. You should also consider the helpfulness of a brand's customer support & read some general feedback of other customers on how their issues were resolved. And, of course, price & payment methods are important as well, but in the world of crypto wallets, “free” often means a lower security level, so do not shy away from spending a little bit more for the safety of your crypto!

How should I know which crypto wallet is the best for me?

First, you need to consider your experience & knowledge level - decide whether you are a beginner, or an advanced user. Are you looking for a free wallet only, or are you willing to spend a little bit more for the sake of security and extra features? You should also consider how many & which coins you want to hold in one wallet. Our crypto wallet comparisons can help you answer all these questions.

What is the best cryptocurrency wallet type?

While wallets are highly preference-dependent, the most secure options are still going to remain paper and hardware wallets. The two types of cryptocurrency storage are going to allow you to retain the utmost security of your crypto coins - much better than, say, keeping them in an online exchange.

What types of cryptocurrency wallets are there?

In total, there are four big types of cryptocurrency wallets - online, hardware, software (app), and paper ones. Each of these types of wallets have their own features, benefits, and shortcomings, and are thus going to be suitable for different types of people, too. Security-wise, paper wallets are seen as the best alternative, while convenience-wise, software and online ones should be your go-to options.

What are “hot” and “cold” wallets?

Hot wallets are those crypto storage pieces of software that maintain a constant connection to the internet. As opposed to that, cold wallets are hardware devices that store your cryptos offline. Safety-wise, cold wallets are considered the best option - since they are always offline, you don't need to worry about some sort of a hacker stealing all of your cryptocurrency assets.

Are hardware wallets worth investing in?

It depends, but in most cases - yes. If you're just starting out with cryptocurrency trading and investing, a hardware wallet might be a bit of an overkill - it is generally considered that hardware wallets should be purchased once you have a significant amount of crypto, and want to keep it safe. If you're an active trader, that can also dissuade the matter even further - trading-wise, software and online wallets are much more convenient.

Verified

$600 WELCOME BONUS

Earn Huge Exclusive Binance Learners Rewards

5.0 Rating

Get deal

See all Provider Coupons

Ledger vs Binance: Price, Security & Features (2024) (2024)

FAQs

Is Binance safer than Ledger? ›

By comparing Binance vs Ledger overall scores, we clearly see that Binance has the higher overall score of 9.4. Ledger, on the other hand, has scored 7.6 final points. One of the best hardware cryptocurrency wallets ever made. One of the best exchange-wallets on the market.

Read On ›

Which is the most secure crypto wallet? ›

Best Bitcoin Wallets

Exodus: Best Overall.
BitBox02: Best for Bitcoin-Only Storage.
Electrum: Best for Desktop.
BlueWallet: Best for Mobile.
Crypto.com Wallet: Best DeFi Wallet.
Coinbase Wallet: Best for Beginners.

Aug 28, 2024

Discover More Details ›

What happens to my crypto if Ledger goes bust? ›

A: All you'd need is your original seed phrase you save when setting up your ledger. With that seed phrase you can recreate all wallets your ledger device creates. Ledger is giving ease of use with this but by no means are you reliant on them for your money if they went bankrupt one day. That's the beauty of crypto!

Should I keep my crypto on Ledger? ›

Ledger is the easiest and safest way to secure crypto, digital assets, and your peace of mind.

See Details ›

Is Ledger wallet safe in 2024? ›

Ledger hardware wallets offer heightened security by storing private keys offline, making them more resilient against hacking and malware than software wallets.

Find Out More ›

Is Binance safe in 2024? ›

No cryptocurrency exchange can guarantee 100% safety, but Binance has implemented several measures to protect users' assets, such as a $1 billion insurance fund, comprehensive account security and asset audits. However, users should always do due diligence when deciding to open an account on any crypto platform.

Tell Me More ›

What is the safest crypto to hold? ›

Bitcoin (BTC)

As the OG cryptocurrency (having launched in 2009), it is leading the list by many measures, despite its scalability challenges. Bitcoin has continuously maintained the largest market capitalization and the strongest liquidity of all cryptocurrencies, which we see as a sign of strong investor confidence.

Show Me More ›

Which crypto is most secure? ›

Which cryptocurrency is most secure? Ethereum is considered to be the most secure cryptocurrency as compared to other digital assets. This is largely because its platform uses the blockchain technology, which is one of the most robust technologies for digital transactions.

Explore More ›

Can I lose my crypto on Ledger? ›

With your 24-word Secret Recovery Phrase, an attacker has the ability to drain all of your accounts across all blockchains without any input needed from your Ledger device.

Can you lose your crypto by staking on Ledger? ›

Security and ownership

Keep full custody of your assets when you stake with Ledger, unlike with crypto exchanges.

Show Me More ›

Can Ledger block your crypto? ›

Don't worry, losing your Ledger doesn't mean losing your crypto. Your assets are stored on the blockchain, which you can access using your Ledger. You can access, manage, and retrieve your assets as long as your secret recovery phrase is safe and accessible only to you.

Read The Full Story ›

What are the disadvantages of Ledger wallet? ›

Insufficient Interaction:Compared to software wallets, Ledger wallets offer limited interaction with decentralized applications (DApps), despite their superior storage capabilities. 4. Physical Deficiency:Even though Ledger wallets are safe from online threats, they can still be stolen, damaged, or lost.

See Details ›

Can my crypto be stolen from Ledger? ›

Segregate Your Assets

Ledger devices can only protect you so far. If you sign a malicious transaction with your Ledger, your funds will still be at risk. To avoid someone stealing your crypto, the best thing you can do is segregate your assets correctly.

Get More Info Here ›

Can a Ledger be hacked? ›

The Ledger Connect Kit hack was caught and fixed within hours, and now seems to have cost users less than half a million dollars in crypto. But autopsies of the attack have exposed deep problems with how Ledger managed its software—software with which the overriding pitch to users is that it's hyper-secure.

Is a Ledger the safest way to store crypto? ›

Industry-leading security

When you own crypto, what you really own is a private key that gives you access to your coins. You need to keep this key completely safe. Ledger wallets are the best way to own and secure this key.

Is Binance the safest? ›

Is Binance Exchange Safe? Binance is often considered one of the safest exchanges in the world if you consider the level of security. If the exchange crashed or a hacker stole assets or funds, the SAFU reimburses its users from the $1 billion fund.

View Details ›

Is it risky to use Binance? ›

Binance is considered a reputable and largely secure platform for trading. However, like any online platform, there are always risks associated with potential scams or security breaches.

Is keeping funds in Binance safe? ›

Is Binance Safe? The bottom line is that Binance is a very safe crypto exchange (with some caveats). It keeps the vast majority of its crypto in “cold wallets” that are not connected to the internet. This limits losses in case of a hack and makes it unlikely that an attack will cause Binance to become insolvent.

Learn More ›