Hardware wallet manufacturer Ledger has announced the launch of its new Flex cold wallet.
The device features a design that is adapted from the premium E-Ink touchscreen Stax model, which has been available since May.
The New Flex Portfolio Knows This
At the Bitcoin 2024 conference, crypto security company Ledger introduced the latest addition to its product lineup, a hardware device called Flex that utilizes proprietary E-Ink technology.
The Ledger Flex is priced at $249 and is positioned below the premium Stax model, making it one of the more expensive devices in the range. In contrast, the widely popular “nano” series has more basic features and has a launch price ranging from $79 to $149.
Similar to Ledger’s Stax wallet, the new device employs the company’s trademark E-Ink touchscreen display technology, albeit without Stax’s curved screen.
After a decade of setting the standard for digital device security and self-preservation, I’m proud to say we’re raising the bar once again.
– Pascal Gauthier, President and CEO of Ledger, stated.
Interestingly, the development of Stax was announced at the end of 2022, but deliveries only began in May of this year. Tony Fadell, co-head of iPod and iPhone, was also involved in the creation of this premium product.
Enhanced Security
One of the most critical aspects is the protection of devices. Therefore, the Flex also includes the company’s EAL 6 certified security element, which ensures the safety of the entire device family.
The company claims to have a unique approach to integrating security features. Thus, it operates its own operating system and employs a team of white hat hackers dedicated to identifying and addressing vulnerabilities in both hardware and software.
Cold wallets are among the safest methods for storing cryptocurrencies. Nevertheless, fraudsters frequently target cold wallet users, including those of Ledger. For this reason, the company continually reminds owners about phishing attempts.
A Proof of You
Alongside the wallet, the latest application, Ledger Security Key, has been introduced, which enables secure two-factor authentication (2FA) and the Passkey function.
With the rise of digital ownership and AI counterfeiting, securing digital assets and proving identity is more important than ever.
– reported Experience Director Ian Rogers.
The purpose of Security Key is to safeguard users’ assets and identities in a future characterized by artificial intelligence and deep fakes. The app is available exclusively for Flex and Stax wallets.
Hardware wallet maker Ledger has announced the launch of its new Flex cold wallet.
The device has been adapted to the design of the premium E-Ink touchscreen Stax model available since May.
The New Flex Portfolio Knows This
Crypto security company Ledger is a leader in cryptocurrency security solutions. At the Bitcoin 2024 conference, it presented the newest member of its product line: a hardware device called Flex that utilizes proprietary E-Ink technology.
The $249 Ledger Flex fits into the product lineup beneath the premium Stax model but still remains one of the more expensive devices available. The hugely popular “Nano” series offers a more modest feature set, with launch prices ranging from just $79 to $149.
Like Ledger’s Stax wallet, the new Flex device uses the company’s signature E-Ink touchscreen display technology, albeit without Stax’s innovative curved screen design.
After a decade of setting the standard for digital device security and self-preservation, I’m proud to say we’re raising the bar once again.
– Pascal Gauthier, President and CEO of Ledger.
Enhanced Security Features
Security is paramount for any crypto storage solution. The Flex device is equipped with an EAL 6 certified security element, ensuring high safety standards for users’ digital assets.
Ledger employs a unique approach to security, operating its proprietary operating system and engaging a team of white hat hackers tasked with identifying and addressing vulnerabilities in both hardware and software.
While cold wallets are among the safest options for storing cryptocurrencies, fraudsters continue to target their users, including Ledger customers, prompting the company to frequently advise owners about phishing activities.
A New Era with Ledger’s Security Key
Alongside the wallet, Ledger has introduced their latest application, Ledger Security Key. This innovative app provides secure two-factor authentication (2FA) and a Passkey feature, crucial for enhanced digital identity protection.
With the rise of digital ownership and AI counterfeiting, securing digital assets and proving identity is more important than ever.
– Ian Rogers, Experience Director.
The purpose of the Security Key app is to safeguard users’ assets and identities in an increasingly complex digital landscape. It is exclusive to Flex and Stax wallet users.
Benefits of the Ledger Flex
- Advanced Security: The EAL 6 security element and regular updates keep your crypto assets secure.
- User-Friendly Interface: The E-Ink touchscreen is designed for ease of use, featuring intuitive navigation.
- Portability: Compact design makes it easy to carry while ensuring safety.
- Regular Firmware Updates: Ongoing support and updates mean your wallet is always fortified against new threats.
Comparative Analysis: Ledger Flex vs. Ledger Stax
| Feature | Ledger Flex | Ledger Stax |
|---|---|---|
| Price | $249 | $349 |
| Screen Type | E-Ink Touchscreen | Curved E-Ink Touchscreen |
| Security Certification | EAL 6 | EAL 6 |
| Design | Standard | Premium with Curved Finish |
| Compatibility with Ledger Security Key | Yes | Yes |
Practical Tips for Using Your Ledger Flex
- Regularly Update Firmware: Ensure your device has the latest security features by updating its firmware consistently.
- Enable 2FA: Use the Ledger Security Key app for an additional layer of security.
- Keep Backup Copies: Maintain secure backups of your recovery phrase in a separate, safe location.
- Be Vigilant Against Phishing: Always verify website URLs and avoid clicking links in unsolicited emails.
User Experiences with Ledger Wallets
Users around the globe have lauded Ledger’s commitment to security and user-friendly design. Many report that the transition from other wallets to Ledger Flex was seamless due to its comprehensive customer support and educational resources. One user stated:
“Switching to Ledger has been a game-changer for me. The enhanced security gives me confidence in my investments.”
These experiences highlight how the Ledger ecosystem not only prioritizes security but also addresses the users’ need for an intuitive interface.
Future Considerations with Ledger
As the landscape of digital assets evolves, Ledger continues to innovate, adapting its hardware and software to meet new challenges posed by advancements in technology, especially in AI and cybersecurity threats.
The integration of applications like Ledger Security Key signals Ledger’s proactive stance in safeguarding users against the emerging risks of the digital realm.