Ledger Nano Gen5 Review
Named, certified chip and the widest app ecosystem
of 10
Ledger gives the Nano Gen5 at roughly $179 with a named ST33K1M5 secure element certified to CC EAL6+, USB-C, Bluetooth 5.2 and NFC, and a Recovery Key in the box. It is the only device here whose firmware is not published for inspection.
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Price
~$179 (vendor states approximate)
Secure element
ST33K1M5, CC EAL6+
Connectivity
USB-C, Bluetooth 5.2, NFC
In the box
Device, USB-C cable, 3 recovery sheets, Ledger Recovery Key
Assets
1000s of cryptocurrencies
Scores
Each criterion carries equal weight. The overall score is the average of these 5 scores — (7.0 + 9.0 + 3.0 + 5.0 + 9.0) ÷ 5 = 6.6.
Pros
- Names both the chip (ST33K1M5) and its certification (CC EAL6+)
- Ledger Recovery Key and three recovery sheets included
- USB-C, Bluetooth 5.2 and NFC
- Vendor states support for thousands of cryptocurrencies
Cons
- Firmware is not published for public inspection on the pages we checked
- No QR or microSD path, so no fully air-gapped workflow
- Price is given only as approximate and varies by region
The most specific security disclosure here
Ledger is the only vendor in this comparison to name both the secure element model and its certification: an ST33K1M5 at CC EAL6+. Where competitors state a certification level without a part number, that is a meaningful difference in how checkable the claim is.
The closed-source trade-off
The pages we checked do not publish the firmware for public inspection, while Coldcard, Keystone, BitBox and Blockstream all state that theirs is open. In a category where the entire proposition is that you do not have to trust the vendor, that is the single biggest mark against the device, and it is why the open-source score is low despite strong hardware.
Connectivity and backup
USB-C, Bluetooth 5.2 and NFC are supported; there is no QR or microSD route, so the device cannot be operated fully air-gapped. The box includes the Ledger Recovery Key, an NFC card for backing up the seed, plus three paper recovery sheets.
How it compares
Blockstream Jade Plus
Fully open-source air-gapped signing for Bitcoin
BitBox02
Swiss-made simplicity with fully open firmware
Coldcard Mk5
Same security model as the Q at a lower price
Coldcard Q
Maximum-paranoia Bitcoin-only signing
Trezor Safe 5
Best balance of price, certification and asset support
Keystone 3 Pro
Air-gapped signing with the widest asset support
Sources
Scored from published primary sources rather than hands-on use. Every figure above comes from one of the pages below, on the date shown. Manufacturers change prices and specifications without notice — if something here no longer matches the source, tell us and we will correct it.
Frequently asked questions
How much is the Ledger Nano Gen5?
Ledger's comparison page gives approximately $179 and notes prices are approximate and vary by region or promotion. The product page loads its price dynamically and did not display one when checked on 24 July 2026.
Is Ledger firmware open source?
The Ledger pages we checked do not publish the firmware for public inspection, unlike Coldcard, Keystone, BitBox and Blockstream.
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