Secure ElementQR200+ networks
Cypherock X1 vs Ledger Nano S Plus
Cypherock X1 stands out with open-source code, Shamir Backup. Ledger Nano S Plus is a solid alternative — Ledger Nano S Plus costs $30 less.
2 wallets
Open-source vs Closed
USB vs NFC
$30 price gap
Quick VerdictUpdated 2026
Cypherock X1
Cypherock
Ledger Nano S Plus
Best overall
Key Takeaways
- Ledger Nano S Plus wins in security (97/100)
- Ledger Nano S Plus wins in ease of use (67/100)
- Ledger Nano S Plus is more affordable ($69)
- Both support 25+ cryptocurrencies
- Best for beginners: Ledger Nano S Plus (easier setup)
Cypherock X1 vs Ledger Nano S Plus: Key Differences
Both Cypherock X1 and Ledger Nano S Plus can keep your crypto safe — the real question is which one fits the way you actually use it. We've put both through our open-formula scoring on 40+ criteria: Cypherock X1 (Cypherock) lands at 70/100, Ledger Nano S Plus (Ledger) at 76/100. The $30 gap between $99 and $69 isn't arbitrary — these are two different bets on what matters in a hardware wallet, and the right pick depends on which bet you'd take.
Winner by Category
Which wallet leads in each area
Security
Cypherock X187/100
Ledger Nano S PlusWinner97/100
Ease of Use
Cypherock X162/100
Ledger Nano S PlusWinner67/100
Price
Cypherock X1$99
Ledger Nano S PlusWinner$69
Coin Support
Cypherock X125+
Ledger Nano S PlusWinner70+
Privacy
Cypherock X136/100
Ledger Nano S PlusWinner50/100
Beginner Friendly
TieCypherock X162/100
Ledger Nano S Plus67/100
Comparing:
Cypherock X1
Ledger Nano S Plus
Comparison Table
Key specifications for your decision
| Criteria | Cypherock X1 Cypherock $99 | Ledger Nano S Plus Ledger $69 |
|---|---|---|
Overall Rating | 70 | 76 |
Security | 87 | 97 |
Usability | 62 | 67 |
Price | $99 | $69 |
EAL Certification (Evaluation Assurance Level) from Common Criteria rates the security of hardware components, like secure chips in crypto hardware wallets. Higher levels, such as EAL5+ or EAL6+, indicate stronger resistance to attacks. Learn more | Yes | Yes |
Open Source Firmware refers to firmware in hardware devices, like wallets, where the source code is publicly available, allowing transparency, auditability, and customization. Learn more | Yes | No |
Bluetooth Connectivity enables wireless communication between devices, like hardware wallets and smartphones, using Bluetooth or Bluetooth Low Energy (BLE) for secure data transfer. Learn more | No | No |
USB | Yes | Yes |
Networks | 25+ | 70+ |
A passphrase is an additional security layer for cryptocurrency wallets, acting as a 25th word in the BIP39 seed phrase, protecting access to hidden wallets. Learn more | Yes | Yes |
A touchscreen display is a screen that allows users to interact with a device by touching the surface, commonly used in hardware wallets for easy navigation and transaction confirmation. Learn more | OLED | Monochrome OLED |
Recovery is the process of restoring access to a cryptocurrency wallet using its seed phrase or mnemonic backup if the original wallet is lost or inaccessible. Learn more | Multi-card | 24-word seed |
Setup Time | ~20 min | ~10 min |
IP Rating refers to the level of protection a device has against dust and water, often used for hardware wallets to indicate their durability in various environments. Learn more | None | None |
Our Verdict: Cypherock X1 or Ledger Nano S Plus?
Choose Cypherock X1 if...
- You want verifiable, open-source firmware and software
- You want advanced backup with Shamir Secret Sharing
- You prefer seedless backup via multiple linked cards
- You need iPhone (iOS) compatibility
Choose Ledger Nano S Plus if...
- You trust third-party audits (Ledger internal + third-party (ANSSI CSPN, EAL evaluation)) over open-source review
- You are comfortable managing a seed phrase
- You prefer USB-only connection for maximum security
- You want to save $30 without sacrificing core security
Skip Ledger Nano S Plus if...
- ×You manage crypto from an iPhone (no iOS app here)
- ×Open-source firmware is non-negotiable for you
- ×You want wireless NFC connection — no cables
Our pick for most users
Based on the overall rating, Ledger Nano S Plus scores 76/100 and offers the best balance of security, usability, and value in this comparison.
Bottom line: Ledger Nano S Plus is our pick — it leads on both security and ease of use, and the overall score reflects that. If budget is real, Ledger Nano S Plus comes in $30 cheaper without giving up the basics.
Price: Cypherock X1 vs Ledger Nano S Plus
Cypherock X1 costs $99, while Ledger Nano S Plus is priced at $69 — a $30 difference. The extra cost of Cypherock X1 gets you a -6-point higher overall rating. For budget buyers, Ledger Nano S Plus offers solid security at a lower price point.
Who Should Pick Which Wallet
Recommendations based on real-world use cases
Cypherock X1
$99Lower priceGreat priceWalletConnect supportAndroid support
Pros
- +No seed phrase to write down, lose, or have stolen
- +Key split via Shamir across four EAL6+ NFC smartcards removes the single point of failure
- +Open source with WalletScrutiny-verified reproducible builds
- +Independently audited by KeyLabs, with signed anti-rollback firmware and a genuine-device check
Cons
- −USB-tethered, not air-gapped — no QR or Bluetooth signing
- −Carrying and storing four separate cards is more cumbersome than one device
- −Small, dim 0.96" OLED display
- −No native multisig (uses Shamir instead)
Ledger Nano S Plus
$69AffordableGreat priceCoin controlWalletConnect support
Pros
- +CC EAL6+ certified ST33K1M5 secure element — highest rating among sub-$100 wallets
- +Supports 5,500+ tokens across 50+ networks without third-party apps
- +24-word BIP39 seed with optional passphrase adds hidden wallet layer
- +Coin control feature enables manual UTXO selection for privacy-conscious users
Cons
- −Closed-source firmware — independent security audits are not publicly possible
- −No Bluetooth or NFC; USB-only connectivity excludes iOS devices entirely
- −No Shamir Secret Sharing — single seed backup point remains a loss risk
- −0.9-inch monochrome OLED makes verifying long contract data tedious
Best for These Profiles
🎓
Beginner / first wallet
Ledger Nano S Plus — simpler setup, lower learning curve
✈️
Frequent traveler
Cypherock X1 — compact, durable, no cables needed
🔒
Security maximalist
Ledger Nano S Plus — highest security score, on-device verification
💰
Budget-conscious buyer
Ledger Nano S Plus — solid security at $69
Pre-Purchase Checklist
Important points to verify regardless of your choice
All wallets ship from official manufacturer stores with full warranty.
Cypherock X1 vs Ledger Nano S Plus: Frequently Asked Questions
Answers about Cypherock X1 vs Ledger Nano S Plus
Is Cypherock X1 better than Ledger Nano S Plus?
On the numbers, Ledger Nano S Plus comes out ahead — 76/100 vs 70/100 — but 'better' isn't quite the right frame. Cypherock X1 has fully open-source firmware, which matters more for some buyers than overall score does. If overall rating is what you actually weigh first, take Ledger Nano S Plus. If transparency is the constraint that shapes your decision, Cypherock X1 is the smarter buy. Either way, both are real hardware wallets — neither is a mistake.
How much do Cypherock X1 and Ledger Nano S Plus cost?
Cypherock X1 costs $99, Ledger Nano S Plus costs $69. These are list prices for the standard edition from official manufacturer stores. A few things worth knowing: hardware wallet prices barely move during the year, so 'waiting for a sale' rarely pays off — Black Friday is the one exception, with 10–20% off being typical. Avoid third-party listings even if they're cheaper; the supply chain risk on a tampered device wipes out any savings the first time you load funds. And don't buy a 'used' hardware wallet, ever — even if it claims to be reset.
Can Ledger Nano S Plus be used on iPhone (iOS)?
No — Ledger Nano S Plus has no iOS app today, and there's no public roadmap for one. It works fine with Android, Windows, macOS, and Linux, but iPhone users are out of luck. If your primary device is an iPhone and you don't want a separate computer just to manage crypto, Cypherock X1 is the practical pick: it has a native iOS app and the full feature set works over Lightning or Bluetooth.
What happens if I lose all my Cypherock X1 cards?
Funds are unrecoverable. There's no seed phrase to fall back on, no recovery service, no manufacturer override — that's the explicit design trade-off. The mitigation is the multi-card set: every card you receive is a complete, independent backup of the same wallet. Realistic plan: keep one card on you, one at home in a safe, and one with a trusted person or in a bank deposit box. Lose any two and you're still fine. Lose all of them and the coins are gone forever.
Which wallet is better for DeFi and Web3: Cypherock X1 or Ledger Nano S Plus?
Cypherock X1 — and the gap is bigger than the spec sheets make it look. Cypherock X1 has WalletConnect built in, which means you sign DeFi transactions directly from a hardware wallet without exposing keys to a hot wallet. Ledger Nano S Plus can technically work with DeFi via third-party software, but every extra step is one more place an attacker can intercept the transaction you're approving. If you're going to be clicking 'Sign' on smart contracts more than once a month, the difference compounds fast.
Cypherock X1 vs Ledger Nano S Plus: which has better backup options?
Cypherock X1 uses multiple linked NFC cards as encrypted backups (no seed phrase). Ledger Nano S Plus uses a standard 24-word seed phrase. Both work — but they reflect different ideas about what 'backup' should be. The seed phrase approach (BIP-39) is the open industry standard: portable across most wallets, well-documented, and recoverable on any compatible device. The downside is well-known too — it's a piece of paper that's a single photograph or careless moment away from disaster. Card-based backups can't be photographed and don't write themselves down, but they're proprietary, which means you trust one manufacturer to stay in business and keep the format alive. Pick based on which failure mode worries you more.
Is Cypherock X1 more secure than Ledger Nano S Plus because it's open-source?
Not automatically — and this is a more nuanced question than the marketing suggests. Open-source (Cypherock X1) lets anyone (researchers, hobbyists, paranoid users) read the firmware and verify there are no backdoors. That's the strongest possible trust signal. Ledger Nano S Plus keeps source code private but compensates with paid third-party audits from Ledger internal + third-party (ANSSI CSPN, EAL evaluation) and certifications like CC EAL5+/EAL6+ on the secure element. Open-source is the more transparent posture; audited closed-source can still be cryptographically airtight. Our honest take: if open-source is the deciding factor for you philosophically, pick Cypherock X1 — but don't dismiss Ledger Nano S Plus as 'less secure' purely on that basis.
Where to buy Cypherock X1 at the best price?
Always buy Cypherock X1 from the official Cypherock store — never from Amazon, eBay, or third-party marketplaces, even if the price looks better. Hardware wallets have been physically tampered with in the supply chain before (compromised devices shipped to unsuspecting buyers, then drained the moment funds were loaded). Buying direct from Cypherock gets you a sealed unit with full warranty, firmware integrity, and a clean chain of custody. Free shipping and occasional discounts at the source make the price difference negligible anyway.
Made your decision?
Check out full reviews or find the best price from official vendors.
View best priceAffiliate link — we may earn a commission at no extra cost to you. Learn more
Not convinced? Consider these alternatives
Secure ElementOpen SourceUSBBT50+ networks
Secure ElementOpen SourceNFC85+ networks
More Comparisons
Compare Cypherock X1 with other wallets
Official store
Cypherock X1$99 · 70/100
Ledger Nano S Plus$69 · 76/100
Affiliate link — we may earn a commission at no extra cost to you. Learn more