Ledger Launches Nano Gen 5 Hardware Wallet Amid Mixed Reactions
Ledger's Nano Gen 5 hardware wallet debuted this week at $179, sparking polarized responses from the crypto community. The device introduces memory upgrades and NFC-based recovery features but faces criticism over pricing, cumbersome transaction approvals, and lingering distrust tied to its optional recovery service.
Storage capacity remains at 1.5 MB—matching the Flex model—while power users decry the six-step verification process as antithetical to trading efficiency. A 20% upgrade discount for Nano S owners suffered technical glitches at launch, exacerbating price sensitivity concerns.
The specter of Ledger Recover continues to haunt adoption, with self-custody proponents rejecting third-party seed storage despite NFC key support. Market observers note the paradox: while security purists demand uncompromising safeguards, mainstream users increasingly prioritize frictionless access as institutional adoption accelerates.
