Crypto wallets
Ledger privacy rating
Hardware wallets that keep private keys in a secure element chip, managed through the Ledger Wallet app. The optional paid Ledger Recover service can back up an encrypted, split copy of the recovery phrase with third-party companies.
Summary
Ledger scores 25 out of 100 (grade F) on the crypto wallets criteria. It partly meets open source and independent audit. It does not meet no trackers or telemetry and no ads or data sales. It is based in France: Nine Eyes member; EU member (GDPR).
Score 25 out of 100. How scoring works
Criteria
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Partial
Open source Weight 3 of 3
Is all the source code needed to run the product public?
The Ledger Wallet app, SDK and device apps are open source (Ledger Wallet under MIT), but the low-level secure element operating system code is closed.
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No
No trackers or telemetry Weight 3 of 3
Are the website and apps free of third-party trackers, with any analytics anonymous and any telemetry off by default?
The Exodus report finds Google AdMob and Google Firebase Analytics in the Android app, and the website uses Contentsquare, Hotjar and advertising cookies.
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No
No ads or data sales Weight 2 of 3
Is the product funded without advertising, ad targeting or selling user data?
Funded by hardware sales, but the cookie policy lists targeting cookies from Facebook, Google, LinkedIn, Twitter and Snapchat that build interest profiles for ads.
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Partial
Independent audit Weight 2 of 3
Has an independent security or privacy audit been published within the last three years?
Ledger states a third-party security laboratory audits the operating system before each release, but the reports are not public.