Ledger Launches Nano Gen 5: New Hardware Wallet Meets Mixed User Response
Summary
Ledger has released its new Nano Gen 5 hardware wallet priced at $179, which has generated a mixed response from the crypto community. The device features 1.5 MB of memory, matching the Ledger Flex, and continues to support the NFC-based Ledger Recovery Key, although cross-device compatibility details are pending. Critics on social media voiced significant frustration over the transaction approval process, citing that the required six steps are too cumbersome for high-volume trading power users who prefer simpler approve/decline flows. Furthermore, the $179 price point drew pushback regarding whether the upgrades justify the cost, compounded by technical issues with the 20% upgrade discount offered to existing Nano S owners. Lingering trust issues surrounding the optional Ledger Recover seed phrase backup service also contributed to negative sentiment among self-custody advocates. Despite the criticism, some users praised the refreshed design and Ledger's increased transparency regarding memory specifications.
(Source:Brave New Coin)