Leatherman Wave+ Review: The Gold Standard of Multitools

SpecDetails

Tools Included18

Closed Length4.0" (10 cm)

Open Length6.25" (15.9 cm)

Weight8.5 oz (241 g)

Primary Blade Length2.9" (7.37 cm)

Blade Steel420HC

Handle MaterialStainless steel

Locking MechanismLiner lock (all tools)

One-Hand OperationYes (knife blades)

Replaceable PartsWire cutter/hard wire cutter inserts

Made InPortland, Oregon, USA

Warranty25-year limited warranty

Check current price on Amazon →

⚠️ Note: The Wave+ replaced the older Wave (first generation) with a key upgrade: replaceable wire cutter inserts and an updated spring mechanism. If you're shopping, make sure you're getting the Wave+ and not the original Wave.

First Impressions

Out of the box, the Wave+ feels like a serious piece of equipment. There's a reassuring heft to it — 8.5 ounces of stainless steel that communicates durability the moment you pick it up. This isn't a delicate gadget; it's a working tool.

The first thing you notice is the finish. The Wave+ has a brushed stainless steel appearance that looks both industrial and refined. The butterfly opening action is smooth but firm — the pivots are tuned to provide resistance so tools don't flop out accidentally. Everything locks into place with a decisive click thanks to the integrated liner locks.

Compared to cheaper multitools, the difference is immediately apparent. There's no rattling, no wobble in the implements, no rough edges on the handles. Leatherman's manufacturing precision in their Portland, Oregon facility is evident in every detail.

The 18 Tools: Full Breakdown

The Wave+ packs an impressive array of tools. Here's each one evaluated individually:

Outside-Accessible Tools (One-Hand Operation)

These tools are accessible while the multitool is folded, meaning you can deploy them with one hand without opening the pliers — a critical advantage in emergency situations or when your other hand is occupied.

Plain Edge Knife Blade2.9"YesSharp out of the box; 420HC steel holds a decent edge and is easy to sharpen

Serrated Edge Knife Blade2.9"YesExcellent for cutting rope, webbing, and fibrous materials

Wood/Metal File2.8"YesFunctional for light filing tasks; features a coarse and smooth side

Saw2.8"YesSurprisingly effective for small branches and notching wood

Inside Tools (Requires Opening Handles)

Needlenose PliersPrecise tips; great for grabbing small fasteners and bending wire

Regular PliersStrong jaws for general gripping

Wire CuttersReplaceable tungsten carbide inserts — a huge upgrade over the original Wave

Hard Wire CuttersDedicated section for cutting hardened wire without damaging the main cutters

Wire StripperUseful for electrical work; works on common gauge wires

Spring-action ScissorsFunctional for small tasks — cutting paper, thread, medical tape

Ruler (8 in / 19 cm)Etched into the handles; reasonably accurate

Can OpenerWorks but requires practice; not as smooth as a dedicated P-51

Bottle OpenerSolid and reliable — opens bottles effortlessly

Wire BenderIntegrated into the can opener; works for shaping wire hooks

Wood SawOutside-accessible; aggressive teeth for its size

Diamond-coated FileGreat for sharpening fish hooks, small blades, and tool tips

Large Bit DriverAccepts Leatherman's proprietary bit kit — expanding versatility enormously

Small Bit DriverHolds a single bit; great for eyeglass screws and electronics

Large ScrewdriverBuilt into the handle; sturdy and useful

The Replaceable Wire Cutter Advantage

This is the single biggest reason to choose the Wave+ over the older Wave or competing multitools: replaceable tungsten carbide wire cutter inserts.

Here's why this matters:

• Cutting hard wire (piano wire, fencing, baling wire) eventually dulls or notches any cutter

• On most multitools, this means replacing the entire tool or living with damaged cutters

• On the Wave+, you simply unscrew and replace the carbide inserts (~$5-$8 per pair)

• This extends the functional lifespan of the tool indefinitely

If you use wire cutters regularly — whether for electrical work, automotive repairs, or fence mending — this feature alone justifies choosing the Wave+.

Blade Performance: 420HC Steel

Leatherman uses 420HC (High Carbon) stainless steel for the knife blades on the Wave+. Here's an honest assessment:

PropertyRating (1-10)Notes

Edge Retention5/10Moderate; will need regular touch-ups with daily use

Corrosion Resistance9/10Excellent; highly resistant to rust even in marine environments

Toughness9/10Very tough; resists chipping and rolling

Ease of Sharpening9/10Extremely easy to sharpen — even with basic stones

Polish/Finish6/10Takes a decent edge; not a mirror finish like higher-end steels

420HC isn't a super steel. It won't hold an edge like S30V or M390. But Leatherman's heat treatment (developed in partnership with Paul Bos, a legendary knife maker) maximizes the steel's potential. The result is a blade that's easy to maintain in the field — exactly what you want from a survival/working tool.

Practical expectation: With regular daily use (cutting cardboard, rope, packages, food), expect to sharpen the plain edge blade every 1-2 weeks. The serrated blade requires less frequent maintenance due to the cutting geometry.

Ergonomics & Handling

As Pliers

The butterfly opening creates a comfortable, symmetric grip. The handles are contoured with finger grooves that provide good control:

• Needlenose tips are fine enough for most precision work

• Jaw teeth grip firmly without excessive marring

• Leverage is good for a 4-inch tool; sufficient for bending wire and removing small fasteners

• Spring action keeps jaws open; reduces hand fatigue during extended use

The only limitation is raw leverage — for stubborn bolts or heavy crimping, a dedicated tool will always outperform a multitool. But within its class, the Wave+ excels.

As a Knife

When you fold the pliers closed and deploy the knife blade, the Wave+ functions as a surprisingly capable folder:

• Liner lock secures the blade firmly — zero blade play

• Handle thickness provides a substantial grip (unlike thin single-blade folders)

• Stainless handles can be slick when wet or greasy

• One-hand opening is achievable with practice using the thumb stud

It won't replace a dedicated EDC knife for pocket carry, but if you're already carrying the Wave+, having a functional locking blade means one less item in your pockets.

As a Driver

The bit driver system is one of the Wave+'s most underrated features:

• The large bit driver accepts Leatherman's proprietary double-ended bits (flat/Phillips combo included)

• Replacement and specialty bits are affordable (~$10-$15 for a set of 21)

• Available bits include: Torx, Hex, Square drive, Pozidriv, and more

• The driver locks securely and provides decent torque

If you've ever needed a Phillips head in the field and didn't have one, you understand the value of a bit driver on your multitool.

Durability & Long-Term Ownership

Build Quality Assessment

TraitRating

Fit and finishExcellent

Pivot toleranceMinimal play even after extended use

Lock engagementPositive and secure across all tools

Finish durabilityBrushed steel shows scratches over time but doesn't chip or flake

Hinge pinsRobust; designed for repairability

Leatherman's 25-Year Warranty

The Wave+ is backed by Leatherman's 25-year limited warranty, which covers:

• Manufacturing defects in materials and workmanship

• Broken or malfunctioning parts

• Tool malfunctions under normal use

What it doesn't cover:

• Normal wear and tear (scratches, blade dulling)

• Damage from abuse or modification

• Loss or theft

In practice, Leatherman's customer service is widely regarded as excellent. They frequently go above and beyond, repairing or replacing tools even in borderline cases. Register your tool on their website after purchase to streamline any future warranty claims.

Carry Options

Stock Sheath

The Wave+ ships with a nylon sheath that includes:

• Main compartment for the tool

• Front pocket for accessory bits

• Belt loop and MOLLE-compatible attachment points

The stock sheath is functional but uninspiring. Many users upgrade to:

Sheath OptionMaterialPriceBest ForLeatherman Leather SheathLeather~$30Classic look, ages wellLeatherman Premium NylonBallistic nylon~$25Rugged, weather-resistantThird-party KydexKydex~$25-$40Secure retention, fast drawMaxpedition MOLLE SheathCordura~$25Tactical setups, backpack attachmentHorizontal Carry SheathLeather/Kydex~$30-$50Belt-friendly horizontal draw

Pocket Carry

The Wave+ does not include a pocket clip (this is one common criticism). At 8.5 ounces, pocket carry is feasible but noticeable. If you prefer pocket carry over a sheath:

• Pocket clip add-ons are available from third parties (~$15-$25)

• Cargo pocket carry works well for pants with thigh pockets

• Jacket pocket is viable in colder months

Weight Consideration

At 8.5 ounces, the Wave+ isn't light. But if capability matters more than weight, the Wave+ is worth every ounce.

Best Use Cases

Where the Wave+ Shines ✅

ScenarioWhy the Wave+ ExcelsCamping/BackpackingCovers knife, saw, pliers, drivers, can opener, wire cutters in one toolBike MaintenanceBit driver handles most fasteners; pliers for adjustmentsHome DIYCovers 80% of household repair tasks without a toolboxVehicle Emergency KitSeatbelt cutter (serrated blade), wire cutters for electrical, drivers for panel removalBoating/Marine420HC corrosion resistance + replaceable cutters for fishing wire/leaderTravel (checked bags)All-in-one toolkit that eliminates packing multiple toolsRange/FirearmsDrivers for scope mounts, pliers for maintenance, file for minor fixesFarm/Ranch WorkFence wire cutters, pliers, saw for clearing brush, drivers for equipment

Where the Wave+ Falls Short ❌

ScenarioLimitationFine electronics repairTips too thick for tiny screws; bits too large for micro fastenersHeavy pryingMultitool blades are not built for prying; risk of breakageSelf-defenseNot designed for this; use situational awareness insteadExtended knife useHandle is thick and flat; fatigues hand faster than a dedicated folderFood preparationFunctional but awkward; handles trap food debris if not cleaned thoroughlyPocket carry for dress attireToo heavy and bulky for slacks/dress pants without a sheath

Maintenance & Care

Cleaning

Keeping your Wave+ in top condition requires minimal effort:

1. Rinse under warm water — removes dirt, debris, and salt

2. Air dry or towel dry — prevents water spots and corrosion

3. Apply lubricant to pivots — a drop of quality knife oil or machine oil keeps actions smooth

4. Brush the hinges — an old toothbrush removes grit from tool joints

5. Frequency: Monthly for casual users; weekly for heavy/marine users

Sharpening

The 420HC blades respond well to almost any sharpening method:

Part Replacement

PartReplaceable?Approximate CostWire cutter inserts✅ Yes~$5-$8Bit set✅ Yes (proprietary)~$10-$15Sheath✅ Yes~$25-$40Pocket clipThird-party only~$15-$25Internal springsVia warranty/repairContact LeathermanHinge pinsVia warranty/repairContact Leatherman

Buying Tips

1. Verify authenticity — Counterfeit Wave+ tools exist; buy from authorized dealers

2. Watch for bundle deals — Some retailers include extra bit sets or upgraded sheaths

3. Consider the Black oxide version if you prefer a tactical aesthetic (~$10 premium)

4. Stainless vs. Black — Functionally identical; purely cosmetic choice

5. Register your tool — Activate the 25-year warranty through Leatherman's website

Accessories Worth Adding

Leatherman Bit Kit (21 bits) Dramatically expands driver capabilities

Leatherman Sheath (upgraded) Better carry and protection~$25-$40Yes

Replacement wire cutters Swap worn carbide inserts Keep spares on hand

Pros & Cons Summary

The Good ✅

• 18 genuinely useful tools — no gimmicks or filler implements

• One-hand operable knife blades — accessible without opening the pliers

• Replaceable wire cutter inserts — extends tool life indefinitely

• All tools lock — liner locks on every implement for safety

• Built in the USA — manufactured in Portland, Oregon

• 25-year warranty — Leatherman stands behind their products

• Bit driver system — massive expandability with affordable bit kits

• Proven reliability — millions of units in the field with stellar track record

• Excellent value — $100-$120 for 18 locking tools is remarkable

• Massive accessory ecosystem — sheaths, bits, clips, lanyards readily available

The Not-So-Good ❌

• 8.5 oz is heavy for EDC — noticeably heavier than a single-blade knife

• No pocket clip included — sheath-only carry out of the box

• 420HC blade steel is basic — adequate but won't impress steel snobs

• Handles can be slick — stainless steel lacks grip texture when wet/oily

• Proprietary bit system — can't use standard 1/4" driver bits

• Can be stiff when new — requires a break-in period for smooth operation

• Scissors are small — functional but limited; won't replace real scissors

• Can opener takes practice — learning curve for efficient operation

Final Score

CategoryScore (1-10)

Build Quality9/10

Tool Variety9/10

Ergonomics7.5/10

Carry Comfort6.5/10 (weight dependent)

Blade/Tool Performance7.5/10

Value for Money9.5/10

Versatility10/10

Durability9/10

Warranty & Support9/10

Overall8.5/10

The Verdict

The Leatherman Wave+ is the multitool equivalent of a Swiss Army Knife that actually works as hard as you do. It occupies a rare position where its widespread popularity isn't hype — it's earned through decades of real-world performance. If you asked 100 experienced EDC enthusiasts, outdoorsmen, tradespeople, and preppers to name one multitool recommendation, the overwhelming majority would say "Wave+."

At $100-$200, it delivers 18 locking tools, replaceable components, USA manufacturing, and a 25-year warranty. That represents one of the best value propositions in the entire gear world. You could spend more or less, but neither extreme matches the Waves balance of capability, durability, and affordability.

Is it perfect? No. The weight is real, the steel is basic, and the lack of a pocket clip out of the box is a legitimate annoyance. But these are trade-offs, not flaws. Every design decision Leatherman made prioritizes function over convenience, and in a tool meant to solve problems in the field, that's exactly the right priority.

If you're building an EDC kit, a vehicle emergency bag, or a camping gear collection — start here. The Wave+ replaces a toolbox's worth of capability in a package that fits on your belt.

Recommended for: First-time multitool buyers, campers, DIYers, vehicle emergency kits, tradespeople, homeowners, hikers, and anyone who has ever needed a screwdriver in the middle of nowhere.

Not recommended for: Ultralight backpackers (look at the Victorinox Classic SD at 0.7 oz), dress-pocket EDC (too heavy), or those needing premium blade steel (look at a dedicated folder alongside a lighter multitool).

Where to Buy

Ready to add the Leatherman Wave+ to your kit? Here are the best options:

• 🔗 Amazon — Check current pricing →

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Disclosure: This review is based on independent assessment and hands-on experience. Some links in this article may be affiliate links, meaning we earn a small commission if you make a purchase through them. This does not affect the price you pay or our editorial independence. Always verify current pricing and availability before purchasing.

Have experience with the Wave+? Thinking about picking one up? Drop a comment below — I'd love to hear how you carry and use yours!