Liberal nationalism has been the subject of increased attention in the wake of the 2010s rise in national populism. It has been seen to offer a concessionary form of national identity which is compatible with the liberal values of inclusivity and egalitarianism. This paper argues that recent attempts to delineate the contours of a specifically liberal national identity fail to highlight much that is distinctively liberal, as opposed to conservative, about its content. The criteria that such attempts propose typically apply almost equally to conservative accounts, thereby overshooting the target. However, further ideological excavation reveals that there is an alternative axis for distinguishing between liberal and conservative conceptions of national identity: democratic inclusivity. The paper further proposes that shifting the emphasis to this dimension, and to liberal and conservative accounts differing aims and formation processes, is conducive to both greater ideological transparency and bridging the gap between theory and practice.