Ledger Blue Wallet Review

Ledger Blue Wallet

 


The following is a review of a product of which I am genuinely very supportive. I have bought the Ledger products and have no hesitation in buying more. However, I may receive compensation if you click on any of the Ledger Blue or Nano links.


Just a quick lesson as to what the ledger blue wallet does: 

  • you access your particular crypto currency through a private key (an extra long encrypted password)
  • accessing means being able to withdraw the cryptocurrency and determine how much is in storage on the block chain
  • this key needs to be protected but easily accessed
  • the Ledger Blue protects and  stores your private keys so that only you can access them 
  • the Ledger Blue has it own password chosen by you
  • the Ledger Blue storage information is recoverable as long as you have the original generated seed phrases

The quality of Ledger products is well known through their most famous product the Ledger Nano. The Ledger Blue wallet is the lesser known of the two. The Ledger Nano is a simple USB sized tiny screened protector of keys. It's more than adequate for protecting keys and crypto transactions but is not as stylish nor as functional as the Blue.

The Ledger Blue Wallet is a wallet used to store cryptocurrencies such as Bitcoin, Ethereum, and XRP. The Blue is a battery-powered hardware wallet that can be used with iPhones, Androids, and computers.

It has its own touchscreen, and it's fair sized:

6.9 x 3.7 x 1.8 inches

It also has a fair amount of apps on it which can now be accessed through the newly released "Ledger Live" There are many currencies offered to keep track of along with the total worth of one's account.

What does the Ledger Blue Wallet Do?


  • Characteristics
  • Cryptos Supported

Characteristics

Dimensions: 97mm x 68mm x 10mm. Weight: 90g

Compatible with:  Windows (7+), Mac (10.9+), Linux. Requires one USB port to plug your Ledger Blue,( make sure you use Windows 10 for Ledger Live)

  

Good and the Bad

The Good
  • excellent level of security
  • usable with portable devices including smartphones 
  • easy to use
  • good sized smart screen 
  • supports hundreds of cryptocurrencies
The Bad
  • the high price
  • it's relatively big
  • there are other cheaper wallets
This article should not be interpreted as advice to purchase cryptocurrencies or trade. It is merely educational material.


 

What is the Ledger Blue Wallet Compatible With?

Be aware that Ledger has stated that the last 10,000 leger blue wallets were released in the summer of 2018. No more will be released once this batch is distributed. However, the Ledger Blue will be supported indefinitely.

The Ledger Blue is a pocket-size crypto wallet. It doesn't store your crypto. Like all hardware wallets, It stores your private keys that give you access to your crypto. It consists of a 3 1/2 inch touchscreen that allows for USB or Bluetooth connectivity. It holds the private keys for hundreds of crypto listed in the tab above.

It is usable with any PC or smartphone and even offers 2-factor authorization. Your crypto assets are always safe since if you lose the Blue a set of key seed phrases backs up your device.

 

It's usable with the following  operating systems:

Windows (7+), Mac (10.9+), Linux. Requires one USB port to plug your Ledger Blue

And the following software wallets:

Copay, Electrum, Mycelium, MyEtherWallet, GreenBits, and BitGo.

It has several compatible apps, the newest being Ledger Live. It is recommended that you use Windows 10 when operating Ledger Live Ledger Live is all comprehensive and allows the storage of many of the coins mentioned above plus a running total of all assets. It doesn't keep tally of erc20 tokens at this time.

How to Use the Ledger Blue Wallet

Instructions for how to use the blue are found here

Security of the Ledger Blue Wallet

Your private keys, which allows accessing your crypto coins, are never revealed. There protected by a secure chip in the "wallet" and is locked by a pin code. It's the same protection chip used by governments documents and credit cards.

The wallet prevents anyone from accessing your cryptos via the internet. You could just write you private key down and access the coins through this method, but the "wallet" is a quick, secure and simple solution.

Again, you can restore everything on to a new  Blue with the 24-word recovery password phrases that's kept in a safe location.

Let's review all of these security measures in detail so you feel more secure and are able to sleep at night:

Ledger does not have access to your private keys at any time

The private keys are randomly created and stored within your secure chip of your particular device when you first initialize. This occurs during the generation of the seed phrases which allow you access to the private key.

Only the secure chip holds the private keys

Again, your private keys are held only on the secure chip and nowhere else. Whenever a transaction is made, the private keys are never made available to the computer or phone to which the Ledger Blue is connected. A computer with malware will not be able to read the secure chip nor the private keys.

Secure personally chosen PIN 

Each time you attach the Ledger Blue to a computer or phone, you open the Ledger Blue App using your own personal PIN. You choose this pin at the beginning of the Ledger Blue initial configuration as seen here. If you enter the wrong pin three times, the Ledger Blue will reset and erase all the contents. You can still access your cryptos as long as you have the seed phrases generated at the initial configuration.

Verification

Each time a transaction is made your Ledger Blue will prompt you with message clearly showing the address where the crypto is to be sent. The address should obviously match the one intended, otherwise you can cancel the withdrawal. Even if the computer or phone you were using was compromised with malware, the verified address displayed on the Ledger Blue would not be. Always take your time with all transactions to verify the destined address.

Retrievable

At the beginning of the configuration process of the Ledger Blue wallet a seed phrases are randomly created and displayed to you ( a list of 24 words). These seed phrases guarantees retrieval of you cryptos in the case of your Ledger Blue being stolen or lost.

Random Generated Seed Phrases

The Ledger Blue creates the seed phrases randomly using a ST RNG chip. The ST RNG chip has been certified by a well respected laboratory under a variety of different conditions including voltage, temperatures, possible defects and attacks. The chips are AIS31 certified, the best RNG certification in the world.

And If Ledger fails?

If Ledger the company fails at some time in the future your crypto is retrievable as long as you have the 24 recovery words. You can restore access to your cryptos with any other crypto wallet.

  

Good and the Bad

The Good
  • Very secure and easily accessible
  •  Usable with Mac, PC, iPhones, and Androids
  • Good sized easy to use interface
  • good sized smart screen 
  • Supports many currencies and provides the total balance of coins with Ledger Live
  • Supports more apps at any time than the Ledger Nano S. With the Ledger Nano the number of visible apps is more limited. 
The Bad
  • It's on the expensive side, around $270 USD
  • The much cheaper Ledger Nano, although having a much smaller interface, also allows the use of Ledger Live. It's available below :
Ledger Nano S - The secure hardware wallet

Where to Buy?

 

You can buy the Ledger Blue wallet directly from Ledger through the following link below:

Or the Ledger Nano S here:

Ledger Nano S - The secure hardware wallet

 

  • Hi friend,

    Thanks for your review on the Ledger Blue Wallet. It really looks like a very good hardware for all who have cryptocurrency in their wallet. Aside the portability of the Ledger Blue Wallet, I really like it security level. It really look like the best out there in terms of security, as you said that your private keys, which allows accessing your crypto coins, are never revealed. I really like that. Which means that apart from you, No one can have access to your secret key to your wallet. 

    I have a little knowledge on Cryptocurrencies though, but I plan to invest into Cryptocurrencies in the future. Which I will surely do. A friend on Facebook recommended one for for me, known as metronome, I think it is new Crpto in the industry and so hasn’t gain much popularity but he told me it worth be worth making some investment into it and I plan doing that for sure. 

    Maybe when I start my investment into Cryptocurrency, I will consider buying the Ledger Blue Wallet for the sake of security reasons, I have Bookmarked this website for future reference. Thanks a lot for sharing this review with us.

    Stephen.

    • My Ledger Blue review is supposed to give an idea of the inherent safety of this wallet. I’m glad that it fulfilled its purpose and that you’ll consider looking back here in the future. The Ledger blue will be discontinued shortly and there now fewer than 10,000 left for purchase. Remember when comparing the Ledger Blue vs the Ledger Nano that the Ledger Nano will always be a viable option. Also, the number of Ledger blue supported coins will only increase in the future with the improvement of the app https://www.ledger.com/pages/ledger-liveLedger Live.

  • I’m interested in cryptocurrency but in the same time worried about the security issues. Is the Ledger Blue among the best in the market. I’m a little bit confused about the 24 word seed phrases. If you lose your seed phrases you also lose your connection to your currency. Is there any way to save your seed phrases more secure?

    • If you lose your key phrases for any ledger wallet then you will still have access to your crypto as long as your wallet works. If you lose the wallet then it’s game over. The best way to secure you seed phrases is in a vault or safety deposit box.

  • I opened this site to learn something about crypto currencies as I think it will be the currency in future and I don’t want to loose any more time to learn about it. It was great to learn about the wallet and its features here. However, it seems a little bit on the costlier side. 

  • I am familiar with the Ledger Nano but I have never heard of the Ledger Blue Wallet. Am guessing it is a better and much more advance version. I have also noted that it is bigger in size than the nano hence not easy to misplace. This is a good wallet for those who want to hold many different coins at the same time as it can accommodate so many. Though price is high but what you store inside is actually of higher value.

  • Hi!

    I thought I knew something about wallets and cryptocurrencies, but it seems I don’t know much. I opened this site because I thought it was about some new mobile phone. It sure looks like one!

    I have a wallet online with a small amount of money ( cryptocurrency )on it. Is it possible to transfer that money on Ledger Blue?

    Thank you!

    Barbara

  • I was intrigued with your review as I have a Ledger Nano S

    I have had it for about a year and whilst it has been reliable, none of the updates seem to work well and the support is not good.

    I am considering getting a new system as I have so much crypto and want a reliable backup.

    If I was to get a Nano Blue, is there any better support?

    Otherwise there would be little need to move to a new drive.

    Tim

  • This is pretty cool. I had never heard about a crypto wallet before, but it makes sense to store your passwords on a secured device so that no one can hack into your wallet.  Now, what happens if you lose your Ledger Wallet?  Is there any type of backup or can you store the information on a seperate harddrive for adding protection?

  • Thanks for this post. I was looking into crypto currencies as a next step for me, but I am unsure about it and about the security of it. This post really helps me be a little more certain of the security. I will definitely keep this in mind for when I do jump into crypto, but at the moment I need to do a bit more research, because I don’t really get it yet. It all seems very foreign to me.

    • Crypto will become more mainstream in the near future. Think of it as the internet of value. We can now transfer value in terms of currency, fulfilled contracts, an inventory safely and in a trustworthy manner. Whereas before such digital records could be tampered with and changed, with the blockchain which cryptos are built on, that is now impossible. What you transfer in digital currency can now be trusted as a valid trustworthy transfer. There is no concern of it being digitally tampered with. The record of the valid transfer is time-stamped and recorded across multiple computer networks around the world. In order to tamper with the record, you’d have to be able to locate all these computers and tamper with each of there duplicate records. This is impossible. There is no one central computer that keeps the record, they all do. This is what is known as decentralized.

  • Seems pretty expensive, but the security seems strong. I’ve been getting into crypto currency lately and having something like the ledger blue could come in handy. It seems to directly interface with the currency, that’s super handy. That means I don’t need use my apps, but can use this more secure device. I never new these existed. I’m always worried about security on my phone. 

  • I don’t know much about the cryptocurrencies but seeing the hike about it I was considering to invest in it. I never knew a device like this existed(as I told you I am very new to this). I think these cryptocurrencies can be the next big thing and wallets like these might prove to be very useful for people who are using them. Once I am done with my research on bitcoins and all, I think I will surely look forward for something like this.

    • Yes, the wallet will keep your key secure. Your private key allows you access to the cryptocurrency which means the ability to withdraw instantly. That’s why the private key has to remain protected. The wallet prevents access to the keys from the computer. The keys are stored on the “wallet” so that no one can get at them except you.

  • Thank you for this review of Ledger Blue Wallet. I’ve been seriously looking at some USB type of wallets for cryptocurrencies especially since I do have some investments in crypto, but I want to protect them as much as possible as I don’t want to lose them to hacking. I love how you listed the pros and cons of the Ledger Blue Wallet and very glad to see that it does provide excellent security. I may end up buying this and glad you included a link to the instructions on how to use it. 

  • Hi there, I have not had any previous experience with this product and I am not familiar with ledgers at all. However your article/review intrigued me and caught my interest. Are they user friendly for those with limited experience? I now feel inspired to look further into your research on the product.

    Thank-you for an informative  and interesting review. regards Cass

  • Thanks  so much for this!! I had no idea that it was even possible to use a ledge like this!

    So you buy the ledger but you can’t store cryptocurrencies on it?

    I’m not sure why you want to store the keys for your crypto on there? I’m guessing it’s for security but I thought that was the point in blockchain… it was secure?

    I have heard of some hacking going on recently, but I’m still pretty ignorant to this!

    Thanks for the post I learnt a lot, and it’s proved I have a lot more to learn!!

    Mike

    • Your “wallet” stores the keys, not the crypto coins. The “coins” are on the blockchain that can only be accessed through a code we call “keys”. If these private keys are known then the coins can be transferred to another account without a chance for recovery. The wallet prevents this theft and the possibility of transferring a record of your keys to your computer. The key never leaves your wallet.

      The security of this wallet is unparalleled as is described above:

      “. Ledger does not have access to your private keys at any time

      The private keys are randomly created and stored within the secure chip of your particular device when you first initialize. This occurs during the generation of the seed phrases which allow you access to the private key.

      2 Only the secure chip holds the private keys

      Again, your private keys are held only on the secure chip and nowhere else. Whenever a transaction is made, the private keys are never made available to the computer or phone to which the Ledger Blue is connected. A computer with malware will not be able to read the secure chip nor the private keys.

      3. Secure personally chosen PIN

      Each time you attach the Ledger Blue to a computer or phone, you open the Ledger Blue App using your own personal PIN. You choose this pin at the beginning of the Ledger Blue initial configuration as seen here. If you enter the wrong pin three times, the Ledger Blue will reset and erase all the contents. You can still access your cryptos as long as you have the seed phrases generated at the initial configuration.

      4. Verification

      Each time a transaction is made your Ledger Blue will prompt you with a message clearly showing the address where the crypto is to be sent. The address should obviously match the one intended, otherwise, you can cancel the withdrawal. Even if the computer or phone you were using was compromised with malware, the verified address displayed on the Ledger Blue would not be. Always take your time with all transactions to verify the destined address.

      5. Retrievable

      At the beginning of the configuration process of the Ledger Blue wallet, seed phrases are randomly created and displayed to you ( a list of 24 words). These seed phrases guarantee retrieval of you cryptos in the case of your Ledger Blue being stolen or lost.

      6. Random Generated Seed Phrases

      The Ledger Blue creates the seed phrases randomly using a ST RNG chip. The ST RNG chip has been certified by a well-respected laboratory under a variety of different conditions including voltage, temperatures, possible defects and attacks. The chips are AIS31 certified, the best RNG certification in the world.”

  • Hi there. Before reading this I was totally unfamiliar with the product and had no previous experience with any other products of this nature. However after reading your review, I actually feel the need to find out more about it. What are they like to work with and are they user friendly for those with limited experience? Thanks for an informative review.

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