Investors can store more than 1,100 cryptocurrencies and tokens on the Ledger Nano S, with 23 cryptocurrencies supported directly by Ledger and the rest supported by install third-party applications .
Reading: Ledger Nano S Review 2022
- 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.
- The private keys never leave the device: Unlike hot wallets through cryptocurrency exchanges, Nano S users hold their private keys. They’re never removed from the device or accessible via the web.
- It supports more than 1,100 coins and tokens: Investors can store popular and lesser-known coins and tokens on the Ledger Nano S device.
- Limited storage space for crypto apps: Most cryptocurrencies require a crypto application, and the Nano S only holds up to six apps, depending on the size.
- The display is small and 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 connect to a computer or Android device.
The Ledger Nano S supports about 107 cryptocurrencies and more than 1,000 tokens. Although users can ’ thymine store decree currencies on the Ledger Nano S, stablecoins are supported. Investors use the hardware to store popular cryptocurrencies, such as :
- Polkadot (DOT)
- Flow (FLOW)
- Tether USD (TRC20) (USDT)
- Bitcoin (BTC)
- IOTA (MIOTA)
- Cosmos (ATOM)
- Dogecoin (DOGE)
- Algorand (ALGO)
- Chainlink (LINK)
- Ethereum (ETH)
- 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)
The Ledger Nano S hardware wallet is $ 59 on the Ledger web site. The company occasionally offers release transport to the U.S. and many external locations. otherwise, shipping costs may be more than $ 19. Ledger besides partners with respective resellers, and you may find the device cheaper elsewhere .
For case, the Ledger Nano S on Amazon is $ 59 with absolve pitch, whereas it ’ south $ 46.99 at Walmart ( as of January 2022 ). Shipping times vary depending on where you purchase the device, but typically, you ’ ll receive it in less than two weeks .
Inside the box is the Ledger Nano S device along with a micro USB-B cable. Packages may besides come with sheets to write down your 24-word convalescence phrase and a neck flog. Ledger besides offers a gang of three devices for savings of up to 21 % .
merely buy devices through verify resellers or Ledger directly. Never buy a used hardware wallet.
security is the lead rationality people buy a Ledger wallet. The caller exceeds industry standards for security, including tamper-resistant Common Criteria ( CC ) EAL5+ certified Secure Element ( SE ) chips on Nano devices and your private keys stay on the batten chip .
furthermore, Ledger is the only hardware wallet manufacturer using Secure Element chips and a proprietary operate arrangement ( OS ) called Blockchain Open 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 degree, there are extra security measures as well. For exemplify, 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 minimal four-digit pin code and users get a 24-word recovery give voice to store in a safe, offline place .
In 2020, the company ’ second customer data was accessed via the Shopify database. The gap didn ’ triiodothyronine debunk crypto wallets to danger but made users ’ names, addresses, and telephone numbers public. Ledger has removed more than 170 phishing websites and communicates regularly with customers regarding personal security .
The main deviation in security between Ledger and competitors, such as Trezor, is that Ledger ’ randomness firmware international relations and security network ’ thyroxine open-source, meaning users can ’ t independently audit the firmware ’ south security .
Setup and Use
The Ledger Nano S is fairly dim-witted to set up and use. Users must download Ledger Live to their calculator or mobile device and choose the option to set up a new device. From there, the application walks users through the procedure, including a guided security checklist .
once set up, investors use the Ledger Live app to perform most actions and confirm transactions by physically pressing both buttons on the Ledger hardware wallet. Although the filmdom is belittled, it works well for the express interaction required. however, if you need to enter your 24-word convalescence idiom, it can be long-winded to scroll through the rudiment to find each letter .
Always store your convalescence phrase in a fasten, offline location.
For periodic investors with a few coins, Nano S is easy to use and beginner-friendly. But, many cryptocurrencies require software, and the Nano S lone holds a few programs at once, meaning you ’ ll have to delete an app to install another one. Although your crypto is secure and remains on your device, the lack of repositing creates some serviceability issues .
Ledger overwhelmingly receives high ratings for exploiter atonement. typically, complaints stem from the miss of Bluetooth or security protocols. In short, slightly less appliance is the price paid for ace security. Others besides expressed concerns about the come of storage on the device. But, the size and limitations are noted on the Ledger web site, and users wanting more repositing may prefer the Bluetooth-enabled Nano X .
If there ’ s a trouble with a Ledger device after purchase, users must complete an on-line recurrence shape within 14 days of receiving the hardware wallet. The company offers an on-line liaison form for claims, a robust help oneself center, phone number, and electronic mail address .
Ledger Nano S vs. X
The Ledger Nano S and X provide the same security levels and support the same cryptocurrencies. The independent 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 storehouse, with room for up to 100 crypto apps compared to 20 or fewer on the Nano S .
|Ledger Nano S||Ledger Nano X|
|Type of Wallet||Cold||Cold|
|Currencies||Over 1,100||Over 1,100|
|Device Size||56.95 mm x 17.4 mm x 9.1 mm; 16.2 grams||72 mm x 18.6 mm x 11.75 mm; 34 grams|
|Mobile 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 firm security levels. While the Nano S resembles a dart drive made with stainless steel and formative components, the Trezor One has a alone shape and is made from fictile. At first base glance, Trezor One appears to support more coins. however, it doesn ’ thyroxine work with popular altcoins such as Cardano ( ADA ), Ripple ( XRP ), or Monero ( XMR ). furthermore, Trezor is open-source, which is a asset because anyone can inspect it and discover vulnerabilities, but Kraken could besides break the hardware wallet when alone with the physical device for 15 minutes .
|Ledger Nano S||Trezor One|
|Type of Wallet||Cold||Cold|
|Device Size||56.95 mm x 17.4 mm x 9.1 mm; 16.2 grams||60mm x 30mm x 6mm; 12 g|
The Ledger Nano S is a guarantee hardware wallet resembling a USB flaunt repel, and it ’ s among the best Bitcoin wallets. Although it supports tons of cryptocurrencies, many assets require users to download a third-party app, and the wallet has limited repositing for apps. The Ledger Nano S is perfect for beginners or occasional crypto investors who want to store their assets offline safely. however, active traders wanting mobile entree to their cryptocurrency may prefer a Bluetooth-enabled device. Learn More
We evaluated the Ledger Nano S by looking at the issue of confirm currencies and crypto software applications, the overall cost, and rest of practice. furthermore, we examined the security system of Ledger devices and the ship’s company, looking for potential base hit concerns for users who misplace their device or connect it to the internet via a USB cable .
discipline, November 9, 2021 : A former translation of this article misstated that Ledger wallets have never been hacked.
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