Ledger Nano S Review

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Our Take

The Ledger Nano S is the most secure way khổng lồ store your cryptocurrency, thanks khổng lồ the company’s robust security protocols. Beginner or occasional investors will have peace of mind knowing their assets are secure offline, yet they can easily access their crypto or view their accounts when using the physical device.

Pros

An affordable cold wallet

The private keys never leave the device

Supports more than 1,100 coins & tokens

Cons

Limited storage space for crypto apps

Display is small and isn’t a touchscreen

Not as mobile-friendly as other wallets

The Ledger Nano S is manufactured by Ledger, a leader in cryptocurrency security.A proprietary operating system and secure element chip keep cryplớn safe.The setup và installation process is quiông chồng và easy.It looks like a USB stick, making it inconspicuous.

Eight experts in cryptocurrencies, security, and entrepreneurship launched Ledger in 2014 with headquarters in Paris, France. Since then, it’s grown lớn over 360 employees with offices in Thủ đô New York, London, và Singapore, along with a production facility in Vierzon, France.

It produced the first Ledger Nano S, a hardware cryptocurrency wallet, in 2016. According lớn the company, it “has sold more than three million hardware wallets in 190 countries to date” and “secures an estimated 15% of all cryptocurrency assets globally.”

In 20trăng tròn, Ledger launched Ledger Live, which works with the Ledger Nano S, và allows investors to lớn trade, swap, and lkết thúc cryptocurrencies. Recently the company announced a $380 million Series C round of fundraising, bringing its valuation to lớn over $1.5 billion.

The Ledger brvà is the leader for cryptocurrency security and services & aims to become a “secure gateway lớn the digital asset world.”

Type of WalletColdCurrenciesOver 1,100Purchase Cost$59Incorporated ExchangeYDevice Size56.95 milimet x 17.4 mm x 9.1 mm, 16.2 gramsđiện thoại AppAndroid

Ledger

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The Ledger Nano S hardware cryptocurrency wallet provides high-level security via a secure chip & a proprietary operating system. It gives investors control over their private keys và is backed by the largest name in the industry.

Investors can store more than 1,100 cryptocurrencies và tokens on the Ledger Nano S, with 23 cryptocurrencies supported directly by Ledger and the rest supported by installed third-buổi tiệc nhỏ applications.

Pros Explained

An affordable cold wallet: At $59, the Ledger Nano S is less expensive than several other hardware wallets, making it a good low-cost, highly secure option.

Cons Explained

Limited storage space for crypkhổng lồ apps: Most cryptocurrencies require a crypto lớn application, và the Nano S only holds up to lớn six apps, depending on the size.The display is small và isn’t a touchscreen: The device screen is less than an inch tall, as the whole device is only 17.4 mm tall (0.685 inches). It features two physical buttons instead of a touchscreen.Not as mobile-friendly as other wallets: The Ledger Nano S isn’t equipped with Bluetooth, so it requires a USB cable to lớn connect khổng lồ a computer or Android device.

Supported Cryptocurrencies

The Ledger Nano S supports about 107 cryptocurrencies and more than 1,000 tokens. Although users can’t store fiat currencies on the Ledger Nano S, stablecoins are supported. Investors use the hardware lớn store popular cryptocurrencies, such as:

Polkadot (DOT)Flow (FLOW)Tether USD (TRC20) (USDT)IOTA (MIOTA)Cosmos (ATOM)Dogecoin (DOGE)Algorand (ALGO)Chainlink (LINK)Ripple (XRP)Litecoin (LTC)Binance Coin (BNB)Stellar (XLM)Cardano (ADA)Monero (XMR)Tron (TRX)Dash (DASH)Neo (NEO)USD Coin (USDC)Compound (COMP)Dai Stablecoin (DAI)Aave (ERC20) (LEND)

Price

The Ledger Nano S hardware wallet is $59 on the Ledger website. The company occasionally offers free shipping khổng lồ the U.S. và many international locations. Otherwise, shipping costs may be more than $19. Ledger also partners with several resellers, và you may find the device cheaper elsewhere.

For instance, the Ledger Nano S on Amazon is $59 with miễn phí delivery, whereas it’s $46.99 at Walmart (as of June 2021). Shipping times vary depending on where you purchase the device, but typically, you’ll receive sầu it in less than two weeks.

Inside the box is the Ledger Nano S device along with a micro USB-B cable. Packages may also come with sheets to lớn write down your 24-word recovery phrase and a neông xã strap. Ledger also offers a pachồng of three devices for savings of up khổng lồ 21%.

Only purchase devices through verified resellers or Ledger directly. Never purchase a used hardware wallet.

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Security

Security is the top reason people buy a Ledger wallet. The company exceeds industry standards for security, and the hardware wallets have sầu never been hacked. Ledger installs tamper-resistant Comtháng Criteria (CC) EAL5+ certified Secure Element (SE) chips on Nano devices, and your private keys stay on the secure chip.

Moreover, Ledger is the only hardware wallet manufacturer using Secure Element chips và a proprietary operating system (OS) called Blockchain xuất hiện Ledger Operating System (BOLOS).

Ledger devices undergo an independent audit from the French National Agency for the Security of Information Systems (ANSSI). At the user cấp độ, there are additional security measures as well. For instance, to purchase altcoin, users must physically push both buttons on the device simultaneously, making it uncrackable by a cyber-criminal. The hardware wallet requires a minimum four-digit pin code and users get a 24-word recovery phrase to store in a safe, offline place.

In 2020, the company’s customer data was accessed via the Shopify database. The breach didn’t expose crypto lớn wallets to danger but made users’ names, addresses, and phone numbers public. Ledger has removed more than 170 phishing websites and communicates regularly with customers regarding personal security.

The main difference in security between Ledger and competitors, such as Trezor, is that Ledger’s firmware isn’t open-source, meaning users can’t independently audit the firmware’s security.

Setup and Use

The Ledger Nano S is fairly simple to phối up and use. Users must download Ledger Live sầu to lớn their computer or điện thoại device and choose the option khổng lồ phối up a new device. From there, the application walks users through the process, including a guided security checkcác mục.

Once phối up, investors use the Ledger Live sầu ứng dụng to persize most actions và confirm transactions by physically pressing both buttons on the Ledger hardware wallet. Although the screen is small, it works well for the limited interaction required. However, if you need to enter your 24-word recovery phrase, it can be tedious lớn scroll through the alphabet to lớn find each letter.

For occasional investors with a few coins, Nano S is easy to use & beginner-friendly. But, many cryptocurrencies require software, and the Nano S only holds a few programs at once, meaning you’ll have to lớn delete an phầm mềm to lớn install another one. Although your crypkhổng lồ is secure and remains on your device, the laông chồng of storage creates some usability issues.

User Satisfaction

Ledger overwhelmingly receives high ratings for user satisfaction. Typically, complaints stem from the laông xã of Công nghệ Bluetooth or security protocols. In short, slightly less convenience is the price paid for top-notch security. Others also expressed concerns about the amount of storage on the device. But, the kích cỡ and limitations are noted on the Ledger website, & users wanting more storage may prefer the Bluetooth-enabled Nano X.

If there’s a problem with a Ledger device after purchase, users must complete an online return size within 14 days of receiving the hardware wallet. The company offers an online tương tác form for claims, a robust help center, phone number, and gmail address.

The Competition

Ledger Nano S vs. X

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

Ledger Nano SLedger Nano X

Type of Wallet	Cold	Cold
Currencies	Over 1,100	Over 1,100
Purchase Cost	$59	$119
Incorporated Exchange	Yes	Yes
Device Size	56.95 milimet x 17.4 mm x 9.1 mm; 16.2 grams	72 milimet x 18.6 mm x 11.75 mm; 34 grams
Smartphone App	Android	Android and iOS

Ledger Nano S vs. Trezor One

The Ledger Nano S and Trezor One are both well-known hardware wallets with svào security levels. While the Nano S resembles a flash drive sầu made with stainless steel và plastic components, the Trezor One has a chất lượng shape và is made from plastic. At first glance, Trezor One appears to lớn support more coins. However, it doesn’t work with popular altcoins such as Cardano (ADA), Ripple (XRP), or Monero (XMR). Moreover, Trezor is open-source, which is a plus because anyone can inspect it và discover vulnerabilities, but Kraken could also break the hardware wallet when alone with the physical device for 15 minutes.

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Ledger Nano STrezor One

Type of Wallet	Cold	Cold
Currencies	Over 1,100	1,649
Purchase Cost	$59	$60
Incorporated Exchange	Yes	Yes
Device Size	56.95 mm x 17.4 mm x 9.1 mm; 16.2 grams	60mm x 30mm x 6mm; 12 g
thiết bị di động App	Android	N/A

The Ledger Nano S is a secure hardware wallet resembling a USB flash drive, và it’s amuốn the best Bitcoin wallets. Although it supports tons of cryptocurrencies, many assets require users lớn tải về a third-buổi tiệc ngọt ứng dụng, và the wallet has limited storage for apps. The Ledger Nano S is perfect for beginners or occasional crypto investors who want to lớn store their assets offline safely. However, active traders wanting điện thoại access to lớn their cryptocurrency may prefer a Bluetooth-enabled device.