Ledger Nano S Review 2023: Features, Pros And Cons

If they match, you can click “Accept” on the hardware wallet and carry on. The Nano S Plus sports an onyx rectangular prism that features a 128 x 64-pixel display. This panel, by the way, is noticeably larger than its predecessor’s screen. On top of the prism are two buttons that help users navigate the hardware wallet’s OS. The Nano S Plus has a brushed stainless steel case that can be swiveled around to hide the USB-C port. What I don’t like about the case is that it has a hole that tacitly encourages users to attach the Nano S Plus to keychains and other objects.

The device is a bit dated, design-wise, but is still very popular, especially among beginners in the cryptocurrency space. Worry not, though, since, towards the end of the review, I’ll also give you a quick rundown of the three hardware wallets currently available on Ledger. When that happens, both of your hardware wallets have the ability to use Ledger Live interchangeably. If you have one device set up and used your recovery phrase to recover another device, both devices will have control over the same accounts. If you choose to set up more than one device with multiple recovery phrases, each wallet will control different accounts. On the other hand, the Ledger Nano X is considered by some as the best cryptocurrency hardware wallet available.

We Are Reviewing The Ledger Nano S Crypto Hardware Wallet 2023

These ledger nano s review are completed through a third-party company, and so will require some KYC evidence to be provided the first time you purchase using this method. After re-entering your pin to confirm it, you will need to write down your 24-word recovery phase. If you ever lose or damage your Ledger Nano S, you can use the backup to restore all your investments onto a new one. Once you have unboxed your brand-new Nano S, you will need to set it up. Using a laptop or PC, download the Ledger Live software for free from their official website. You will now be guided through a step-by-step process to configure your device.

• But you’ll need to buy an OTG kit for $17.99 to connect your Nano S to an Android smartphone.
• These restrictions also make it impossible for hackers to steal your money.
• In the next step, the device will ask two random words out of that 24-word seed for confirmation.
• Even if your computer is hacked or compromised, the Ledger will still keep your cryptocurrencies secure.
• It ensures that your private keys and data remains on your chip, and is protected from laser attacks, electromagnetic tampering, and power glitches.

The Ledger Nano S supports a higher number of crypto assets works fasterthan KeepKey. KeepKey’s display screen is larger than the Ledger Nano S, although both devices are easy to configure, making use their own proprietary software. Additionally, both cold storage devices provide a high degree of security to users’ funds. Ledger Nano S and X are hardware wallets that safely store your crypto assets offline.

Ledger Nano S Full Node Support

The Ledger Nano S and X provide the same security levels and support the same cryptocurrencies. The main difference is that the Nano X has Bluetooth, meaning you can connect it to the internet and access your cryptocurrency from anywhere with an internet connection. Additionally, the Nano X provides much more storage, with room for up to 100 crypto apps compared to 20 or fewer on the Nano S.

• Any hardware wallet that does not have its own dedicated screen is a pretty worthless piece of hardware.
• You’ll be able to sign transactions right from the Ledger interface, in a transparent and user-friendly manner.
• But, it is worth covering some of the features the Nano S lacks compared to its big brother, the Nano X.
• Each of these types of wallets have their own features, benefits, and shortcomings, and are thus going to be suitable for different types of people, too.
• Recently, the hardware wallet stated that it would now offer full node support through its Satstack software.

If people know anyone else who wants a Ledger wallet, there’s a family pack option that contains three wallets for a 21% savings. The Nano S keeps these coins offline by generating and saving the wallet’s private keys. A hacker would be able to see the seed if it was displayed on the screen if the machine is compromised.

The Importance of the Screen

The “red tape,” so to speak, thwarts you from panic selling, prompting you to second guess poor decisions. If your BTC can only be managed via https://coinbreakingnews.info/’s Nano S Plus wallet, you’ll think twice before doing something you’ll later regret (e.g., premature selling). Unlike wallets attached to crypto exchanges, non-custodial hot wallets give you control over your private keys. The only downside is that these wallets are connected to the internet, and are therefore more vulnerable to cyberattacks.

Most of the bigger cryptocurrencies and their blockchains are supported by the Ledger Live app. It gets trickier when you delve deeper into lesser known coins, because they often require third-party wallets. If you are interested in them, it’s best to check Ledger’s website how you can store them. Ledger and Trezor are industry leaders when it comes to cold wallet storage solutions.

Currently, the company has more than 130 employees in Paris, Vierzon and San Francisco. I bought my Nano X two years ago and for the last year or so it’s had the battery charge issue . I finally contacted Ledger support, expecting the worst given the plethora of bad reviews. They may have had some issues over the years with bad hardware and software but ultimately they seem to be coping and going out of their way to retain custom.

Cryptocurrency hardware wallets are by far the safest way to store your digital assets. Interfacing with your smartphone or computer system through a USB connection, these wallets hold your investment in an offline environment when not in active use. Overall, Ledger Nano S is regarded as one of the most reliable and secure hardware wallets in the cryptocurrency arena. On top of the PIN code, Nano S wallet entails an extra layer of safety in the form of the 24-word recovery seed.

Be careful because if you lose your recovery seed, there will not be any other way to recover your funds. Ledger Nano S hardware cryptocurrency wallet is a secure cold storage solution. It is best suited for novice cryptocurrency traders and holders who seek an affordable way to store several cryptocurrencies. With a Ledger device and accompanying Ledger Live software, users can buy, sell and swap more than 5,500 currencies, stake coins on exchanges and access dapps and NFT marketplaces.

However, if you need to enter your 24-word recovery phrase, it can be tedious to scroll through the alphabet to find each letter. The Ledger Nano S is a popular cryptocurrency hardware wallet that supports a wide variety of coins. The Ledger Nano S gives users high security for their coins, via an easy to use interface. Its price tag is extremely attractive and all in all, I couldn’t find anything bad to say about it. Since it’s a cold wallet, all your assets will be stored offline.

CC EAL5+ Secure Element

Ledger has a quick method where you can easily check once you connect the wallet to your Ledger Live account . We were keen to test and review the Ledger Nano S Plus, because we had reviewed the Nano X in the past, and found it an excellent crypto wallet. We were interested to see what differences there are, and whether the more affordable Nano S Plus is a good alternative. Ledger SAS is a registered legitimate company, and as such, has a dedicated support staff that help with general enquiries and technical issues. You can fill out a form on the Ledger official website detailing your issue and can expect a response within a couple of hours.

The secure chip is what differentiates the Ledger from most other hardware wallets on the market in terms of key storage. In our opinion, the capabilities and features you get for a mere $59 is outstanding. Other hardware wallets offer more features with a better user experience , but you pay a steep premium for them, and they aren’t at all necessary. If you are fine with a wallet that does exactly what it needs to do and has no history of hacks in the wild, it would be hard to find better value than the Nano S.

That’s because, essentially, the Nano S Plus is an improved version of the “world’s most popular wallet” – the Nano S. Exchange one cryptocurrency for another, quickly and securely with our providers. Buy Bitcoin, Ethereum, and more cryptocurrencies using credit/debit card or bank transfer.