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If you hold crypto, security should be your top priority. Online wallets are convenient but come with risks. Hackers, phishing, and exchange failures have cost investors billions. That’s why hardware wallets exist, to keep your keys safe offline.
Ledger has been one of the most trusted names in hardware wallets. For 10 years, the company has released devices like the Nano S and Nano X. Now, Ledger has launched another wallet: the Ledger Flex.
But is it the best choice for you? And how does it compare with newer options like the Cypherock X1, which uses a decentralized recovery system for long-term safety? Let’s break it down.
Ledger launched in 2014 and has become one of the most recognized brands in crypto security. The company is based in France but operates worldwide, with offices in the US, UK, and Singapore. Over 6 million Ledger wallets have been sold globally.
The Ledger Flex was released during the company’s 10th anniversary. It’s meant to be a “next step” wallet that combines Ledger’s proven security with a modern design.
Here are the key specs of the Ledger Flex:
Ledger Flex also comes with Ledger Recovery Key, which lets you back up your recovery phrase on a separate NFC card.
It looks sleek, works with thousands of assets, and plugs right into the Ledger Live ecosystem. But let’s see what it really offers.
Using a hardware wallet can feel intimidating if you’re new. That’s why the design matters. Ledger Flex uses a 2.84-inch E-Ink touchscreen. It’s not flashy like your phone, but it’s sharp, durable, and easy to read in sunlight.
The screen is protected by Gorilla Glass, which helps prevent cracks if you drop it. You can even display a lock screen image, like an NFT, when the device is off.
The body is light, slim, and portable. The aluminum frame gives it a solid feel, while the battery lasts long enough for a day of transactions. You also get Bluetooth, NFC, and USB-C connectivity, which makes it flexible across devices.
Security is Ledger’s biggest selling point. Flex uses a Secure Element chip with CC EAL6+ certification, which is one of the highest levels of testing. The wallet isolates applications so if one app gets hacked, the rest remain safe.
Your keys are stored offline and never leave the device. Flex includes a PIN code, a 24-word recovery phrase, and Ledger’s “Protection Mode,” which locks the device if a threat is detected. You also get support for MultiSig and two-factor authentication.
Ledger adds extra services like Ledger Recover (a paid backup subscription) and the Ledger Recovery Key card (an NFC backup of your phrase). These can be helpful, but they still rely on your seed phrase being backed up in one form or another.
Ledger Flex supports over 5,500 cryptocurrencies, tokens, NFTs, and dApps through Ledger Live and third-party apps. Popular assets like Bitcoin, Ethereum, Solana, and stablecoins are fully supported.
Ledger Live also lets you buy, swap, and stake crypto directly from the app. You can view your portfolio in real-time and manage NFTs as well.
While Ledger Flex has many strengths, it still carries some flaws that you should think about before choosing it as your main wallet.
Ledger Flex still requires a 24-word seed phrase for recovery. The problem with this system is that it puts all your security in one place. If that piece of paper is stolen, destroyed in a fire, or exposed in a phishing attack, your assets are at risk. Even metal backups can be compromised if someone finds them.
Cypherock X1 removes seed phrases entirely. Instead, it splits your keys into encrypted parts across the wallet and four cards. No paper, no metal backups, and no single point of failure.
With Ledger, all recovery depends on one phrase. Even if Ledger offers services like Ledger Recover, the underlying issue is the same: one set of words controls everything. If it’s compromised, your funds are too.
Cypherock uses decentralized key storage. Keys are never stored in one place. They are securely distributed, so even if you lose one card, your funds remain safe.
Ledger doesn’t provide a built-in way to pass assets to heirs. That means you need to manually share your seed phrase or private keys, which is both risky and impractical.
Cypherock X1 has an inheritance feature. It lets you securely set up access for your heirs without revealing sensitive recovery information while you’re alive.
Ledger Flex pushes optional services like Ledger Recover and Recovery Key Cards. These cost extra and still rely on the seed phrase model. For long-term holders, this feels like patching a broken system instead of fixing it.
Cypherock builds in advanced protections from the start. No subscriptions. No hidden costs. Just a one-time purchase that includes decentralized recovery and inheritance support.
Ledger’s Secure Element chip (EAL6+) is excellent, but the recovery model remains tied to seeds. This continues to expose users to phishing, theft, or accidental loss.
Cypherock X1 also uses EAL6+ certified hardware, but its architecture eliminates seed phrases completely. This makes it safer than both paper and metal backups.
Ledger Live supports thousands of coins, but all accounts sit under a single wallet structure. That makes it harder if you want to separate funds for personal use, business, or family.
Cypherock lets you manage up to four independent wallets on the same system. Perfect for dividing funds across different purposes while keeping security intact.
Ledger’s software isn’t fully open source. That means you need to trust Ledger as a company, rather than being able to verify the code yourself. This has raised concerns in the community, especially after controversial updates.
Cypherock is fully open source and publicly verifiable. It’s backed by industry leaders, listed on Bitcoin.org, and rated as the top hardware wallet by CoinBureau. With over $60 million in assets secured by users, it’s already trusted by serious investors.
Ledger Stax was released just before Flex. It has a bigger 3.7-inch E-Ink display with a curved design. It also supports wireless Qi charging, which Flex lacks.
But Stax costs $399, making it one of the most expensive wallets out there. Flex, at $249, offers many of the same features for less.
Nano X is smaller and cheaper at $149. It has a basic OLED screen, less battery life, and a lower EAL5+ security rating. But for users on a budget, it’s still solid.
Flex beats Nano X with a bigger screen, higher security rating, and NFC support. It’s a better fit for advanced users.
This is where things get interesting.
If you value the Ledger Live ecosystem, Flex makes sense. But if you want maximum independence and zero reliance on a single phrase, Cypherock X1 is the safer bet.
Setting up Ledger Flex is straightforward. Here are the steps:
When you set up the X1, your private key is split across the main wallet and four cards. You don’t write down a recovery phrase at all. This removes the risk of someone finding your backup paper.
Buying directly from Ledger’s website is recommended to avoid counterfeits. The same goes for Cypherock X1.
Ledger Flex is sleek, secure, and user-friendly. If you like the Ledger Live ecosystem and want wide coin support, it’s a strong option.
But it has some drawbacks: no wireless charging, a high price, and reliance on a recovery phrase.
Cypherock X1 offers something different. It removes the single point of failure by decentralizing recovery. You don’t need to worry about losing or exposing a seed phrase. That makes it a better choice for long-term holders, inheritance planning, and self-custody.
So, if you’re choosing between the two:
Ledger Flex is a hardware wallet with a 2.84-inch E-Ink screen, Secure Element chip, and Ledger Live integration.
It has CC EAL6+ certification, offline key storage, a recovery phrase, PIN protection, and optional recovery tools.
Yes. You can store and manage NFTs through Ledger Live.
Cypherock X1 removes the recovery phrase entirely. It uses multiple cards to store key shares securely, preventing single-point failures.
If you want wide ecosystem support, Ledger Flex is great. If you prioritize long-term self-custody and inheritance security, Cypherock X1 is better.
Start securing your crypto journey today—visit Cypherock X1 to learn more.
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