HARDWARE WALLET

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Our Take

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


Pros

An affordable cold wallet

The private keys never leave sầu the device

Supports more than 1,100 coins and tokens


Cons

Limited storage space for crypto apps

Display is small & 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 & secure element chip keep cryplớn safe.The setup and installation process is quiông chồng and easy.It looks like a USB stichồng, making it inconspicuous.

Eight experts in cryptocurrencies, security, & entrepreneurship launched Ledger in năm trước with headquarters in Paris, France. Since then, it’s grown khổng lồ over 360 employees with offices in Thủ đô New York, London, & Singapore, along with a production facility in Vierzon, France.

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

In 2020, Ledger launched Ledger Live, which works with the Ledger Nano S, và allows investors to lớn trade, swap, và lkết thúc cryptocurrencies. Recently the company announced a $380 million Series C round of fundraising, bringing its valuation khổng lồ over $1.5 billion.

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


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


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The Ledger Nano S hardware cryptocurrency wallet provides high-màn chơi security via a secure chip và 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 & 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 sầu than several other hardware wallets, making it a good low-cost, highly secure option.

Cons Explained

Limited storage space for crypto lớn apps: Most cryptocurrencies require a crypto lớn application, & the Nano S only holds up khổng lồ six apps, depending on the kích cỡ.The display is small & 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 khổng lồ connect to 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 to lớn store popular cryptocurrencies, such as:

Polkadot (DOT)Flow (FLOW)Tether USD (TRC20) (USDT)IOTA (MIOTA)Cosmos (ATOM)Dogecoin (DOGE)Algorvà (ALGO)Chainlinks (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 sầu (ERC20) (LEND)

Price

The Ledger Nano S hardware wallet is $59 on the Ledger website. The company occasionally offers miễn phí shipping lớn the U.S. & 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 không tính 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 lớn write down your 24-word recovery phrase & a nechồng strap. Ledger also offers a pack of three devices for savings of up to 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 never been hacked. Ledger installs tamper-resistant Common Criteria (CC) EAL5+ certified Secure Element (SE) chips on Nano devices, và 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 mở cửa 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 màn chơi, 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 và users get a 24-word recovery phrase to store in a safe, offline place.

In 20trăng tròn, the company’s customer data was accessed via the Shopify database. The breach didn’t expose cryplớn wallets khổng lồ 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 và 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 mix up & use. Users must tải về Ledger Live sầu to lớn their computer or di động device & choose the option to lớn set up a new device. From there, the application walks users through the process, including a guided security checkdanh sách.

Once phối up, investors use the Ledger Live sầu ứng dụng to perform 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 lớn enter your 24-word recovery phrase, it can be tedious to scroll through the alphabet khổng lồ find each letter.


For occasional investors with a few coins, Nano S is easy lớn use and beginner-friendly. But, many cryptocurrencies require software, and the Nano S only holds a few programs at once, meaning you’ll have khổng lồ delete an ứng dụng khổng lồ install another one. Although your crypto lớn 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 lachồng of Bluetooth không dây 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 và limitations are noted on the Ledger website, and 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 khung for claims, a robust help center, phone number, and tin nhắn address.

The Competition

Ledger Nano S vs. X

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


Ledger Nano SLedger Nano X
Type of WalletColdCold
CurrenciesOver 1,100Over 1,100
Purchase Cost$59$119
Incorporated ExchangeYesYes
Device Size56.95 mm x 17.4 mm x 9.1 mm; 16.2 grams72 milimet x 18.6 mm x 11.75 mm; 34 grams
Smartphone AppAndroidAndroid & iOS
Ledger Nano S vs. Trezor One

The Ledger Nano S & Trezor One are both well-known hardware wallets with svào security levels. While the Nano S resembles a flash drive made with stainless steel & plastic components, the Trezor One has a chất lượng shape & 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 WalletColdCold
CurrenciesOver 1,1001,649
Purchase Cost$59$60
Incorporated ExchangeYesYes
Device Size56.95 milimet x 17.4 mm x 9.1 mm; 16.2 grams60mm x 30mm x 6mm; 12 g
mobile AppAndroidN/A

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