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Ledger referral code: get $5 to $20 in Bitcoin

Get $5 to $20 in Bitcoin when you buy a Ledger hardware wallet at full price using a refer-a-friend link.

Ledger's refer-a-friend scheme credits both the new buyer and the referrer with Bitcoin once the order clears its 30-day cancellation window: $5 on the Nano S Plus and Nano X, $10 on the Nano Gen5, and $20 on the Flex and Stax. Only full-price purchases qualify, so it can't be stacked with a sale. I bought my first Ledger in 2020 and have used one ever since; it's still the most common way people I know self-custody crypto without leaving it on an exchange.

Last tested on by Seb Place.

Part 1

The offer

Ledger logo

Ledger

The smartest way to secure your crypto. Buy, exchange, grow and manage over 15,000 coins and tokens.

Or copy the referral link below:

Reward

Get $5 to $20 in Bitcoin when you buy a Ledger, depending on the device

How it works

  1. Buy a Ledger device at full price through the referral link
  2. Get $5 to $20 in Bitcoin, depending on the device

3.3 / 5

My rating for this deal

This rates the Ledger referral itself: what you get, what you have to do to get it, and how long it takes to arrive. It isn’t a rating of Ledger as a company.

Why this rating

Paid in Bitcoin rather than store credit, which is the right currency for what you are buying, and claimed once the cancellation window closes. One condition does most of the damage: the device has to be bought at full price, so taking the referral means giving up whatever sale is running.

Part 2

Is it for you?

Ledger referral summary

Reward
$5 to $20 in Bitcoin, depending on the device
Reward type
Bitcoin
Requirement
Buy a Ledger at full price (not during a sale)
Time to receive
Claimed after the 30-day cancellation window; paid a few days later

Ledger referral pros and cons

Pros

  • Bitcoin referral reward for both buyer and referrer
  • Industry-leading hardware wallet security with a CC EAL6+ certified chip on the current range
  • Supports over 15,000 cryptocurrencies and tokens
  • Ledger Live app for managing your portfolio, staking, and swapping
  • Over 8 million customers worldwide
  • Physical device means your keys never leave the hardware

Cons

  • Hardware wallets cost between £52 and £369 depending on model
  • Trustpilot score of 3.4 reflects past data breach concerns and shipping issues
  • Referral reward is tiered: $5 on the Nano models, $20 only on Flex and Stax, and only full-price purchases qualify
  • Learning curve for crypto beginners who have only used exchanges
  • Ledger Recover feature has been controversial in the crypto community

What is Ledger?

Ledger makes hardware wallets that store cryptocurrency private keys offline. Market leader with over 8 million customers, supporting 15,000+ coins. Uses a CC EAL6+ secure element chip: the same standard as passports and credit cards.

Ledger is a French company, and Ledger Live (opens in new tab) is the companion app you actually spend time in: manage, stake, swap and buy, all with the device confirming.

The range and its prices: Nano S Plus £52, Nano X £90, Nano Gen5 £165, Flex £229, Stax £369.

How does the Ledger referral scheme work?

Buy a Ledger at full price through a referral link and both you and the referrer receive Bitcoin: $5 for a Nano S Plus or Nano X, $10 for a Nano Gen5, $20 for a Flex or Stax. Rewards are claimed after a 30-day cancellation window and can't be combined with sales.

The reward is not automatic, and the claim is where it goes missing:

  1. Click the link and choose your Ledger device
  2. Complete your purchase at full price
  3. Once the cancellation window passes, claim from your Ledger account by entering a Bitcoin address. A short identity check from Ledger's payment provider applies
  4. The Bitcoin lands a few days after you claim

Buy more than one device and the highest single reward applies, not the sum of them. Referrers can earn at most $1,000 in Bitcoin per year from the scheme.

Who should use a Ledger?

Anyone holding more than about £500 in cryptocurrency should use a hardware wallet. Ledger keeps your private keys offline, protecting against exchange hacks, phishing, and platform collapses like FTX. Best for long-term holders.

The reasoning behind that threshold is that custodied funds carry a risk the balance itself does not, and a device removes it rather than reducing it. Past that point, a long-term holder, a self-custody advocate and an active DeFi user all get the same thing: private keys that never leave the device, even while it is connected to a dApp.

Every transaction needs physical confirmation on the device, which is what stops a remote attacker who already has your passwords. What the device has been like to live with, and what the data breach and the Connect Kit incident cost it, is in my six-year Ledger review.

How Ledger compares to other hardware wallets

Ledger vs Trezor: both now use EAL6+ certified secure elements, so coin support is the real difference. Ledger advertises 15,000+ coins against Trezor's 1,000+. Ledger starts at £52; Trezor's Safe 3 is $59 and has no GBP storefront. Trezor is fully open-source. Ledger Live is the more polished companion app of the two, against Trezor Suite.

  • Security chip: both are on EAL6+ now. Ledger's spec sheets give the Nano Gen5, Flex, Stax and Nano S Plus an ST33K1M5 rated CC EAL6+, with only the older Nano X still on EAL5+; Trezor's current Safe range is EAL6+ too. The old "Trezor has no secure element" line described the discontinued Model One and Model T, not anything Trezor sells now
  • Coin support: Ledger's list (opens in new tab) against Trezor's is now the main practical difference between the two
  • Open source: Ledger's closed firmware is a live argument in the crypto community rather than a settled point against it
  • Price: Trezor's entry-level Safe 3 (opens in new tab) is priced in dollars because there is no GBP storefront, so a UK buyer carries the FX on top

Ledger's Trustpilot rating (opens in new tab) is lower than ideal: most negative feedback relates to a 2020 customer data breach and occasional shipping delays rather than the devices themselves.

Part 3

How it compares

Ledger referral at a glance

Your reward$5 to $20 in Bitcoin, depending on the device
Friend's reward$5 to $20 in Bitcoin, depending on the device
Reward typeBitcoin
RequirementBuy a Ledger at full price (not during a sale)
Time to receiveClaimed after the 30-day cancellation window; paid a few days later
Referral limitUp to $1,000 in rewards per year

Ledger key facts

Supported coins

15,000+

Source: Ledger (opens in new tab)

Security certifications

CC EAL6+ secure element (Nano X: EAL5+)

Source: Ledger UK store (opens in new tab)

Ledger vs Freetrade referral

FeatureLedgerFreetrade
Reward$5 to $20 in Bitcoin, depending on the deviceFree share worth £10–£100
Reward typeBitcoinFree share
RequirementBuy a Ledger at full price (not during a sale)Deposit at least £50 in your first 30 days
Time to receiveClaimed after the 30-day cancellation window; paid a few days laterUsually 7 to 10 days after your £50 deposit qualifies
Referral limitUp to $1,000 in rewards per yearUp to 10 free shares per calendar month
Trustpilot3.4/54.3/5
View Freetrade referral
Seb Place

Referral Plug founder · Personal finance writer and UK consumer savings specialist

I specialise in finding people the best deals to cope with the ever-increasing cost of living. I like to review companies from everyday industries like banking and energy and try to provide a fresh mix of facts and unbiased opinions.

Last updated: · Fact-checked and reviewed for accuracy

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